dropped 7.7%. here, the market shows a very modest rebound from the 600-point loss friday. little perspective, we're still well above the 28,000 mark but we have taken a hit from the virus. as of this morning, the dow will go back up again maybe 130 points, down 600 friday, remember. the s&p up maybe 17 and the nasdaq, what, about 59, 60 points. so we've got a rebound in progress. now look at apple. i believe it's down just a fraction. $2.69. it's closing all its stores in china and some iphone parts suppliers, the factories, will stay closed. today in politics, let's get to that, all eyes on iowa for the caucuses. real drama coming up. bernie is surging, moderates are attacking him. the democrats are in a panic mode. to boost the so-called moderate cause, they changed the rules for the february 7th debate. so mike bloomberg can get on the stage. he's bought his way in. so the party desperate to keep an unelectable socialist out, turns to the billionaire class which they are supposed to hate. the anti-big money party turns to big money. you just know it's going to be a great show. "varney & company" is about to begin. mahomes throws, pass caught, williams, touchdown! kansas city. and they have done it. chiefs are super bowl champions here in miami, as they win it here at super bowl liv. >> i really believe this administration, me and this administration, we've done more than any administration in the history of our country. we've cut taxes at the highest amount ever in the history of our country. i mean, you see what's going on. there's a revolution going on in this country. i mean a positive revolution. stuart: that was the chiefs winning their first super bowl in 50 years. that was the president talking up the economy. more on all of this just a little later. let's get straight to your money, the markets and the virus. market watcher keith fitz-gerald joins us now. keith, i think you believe we've still got some more to go on the downside, is that correct? >> that is correct. in this business, you want to be right most of the time but this is one instance where i hope to heck i am terribly wrong. but i think the virus is well out of control. i think china has closed the doors because they don't want us to know the true extent of it and i think when the numbers start to surface, we are going to see a downside move. stuart: the truth is, we just don't know how long this is going to go on for. we don't know what impact on china's economy or our economy, so there's a lot of don't knows here. that's the reason for the caution, i guess. >> well, that's absolutely the reason for the caution. because it's not just uncertainty. it's the unknown. that is problematic. you've got to prepare accordingly. stuart: have you seen anything that's come down far enough that you like and you are prepared to buy now? >> i tell you what, i'm always a positive guy and i'm looking for that longer term horizon. if i see a big drop, for example, in microsoft, i see a big drop in alphabet, i see a big drop in apple, i'm going to get interested, but i'm not keen to step in front of a train i can't identify at the moment. stuart: would you say, i'm maybe going out on a limb here, the virus is a black swan event? >> i would call it more a gray swan, because we know what this looks like. we've got a history, granted, not a big one in terms of other pandemics, but we also know the markets are resilient. you have to counterbalance two extraordinarily positive influences with a big negative. stuart: all right. keith, stay there. i will bring you back a bit later. i want to bring in market watcher, i should say asia watcher, gordon chang. gordon, what is your assessment of china's response to this virus so far? >> well, right now, stuart, you see panic on the part of beijing. i think they realize that they are going to be criticized by the chinese people once this subsides, so they are worried about the recriminations. that's why beijing right now is sort of in lockdown mode. xi jinping, the chinese ruler, has sort of disappeared from thursday on. there are rumors that he was in wuhan. we will see if that proves to be correct. but i think essentially, the leadership knows that it's in trouble. the economy is certainly in trouble. you know, it was fragile before. now with this, we are going to probably see more defaults, we will see the central bank with rescue packages. this is going to be the economic story of the next several months. stuart: i am hearing that about half of china is shut down and that china has really closed off to the rest of the world. is that accurate? >> yes, i think that that's certainly accurate. it's not just china. it's the rest of the world closing china off because we are concerned about the virus, and the one thing that is of deep worry is that beijing has chosen to deal with this by attacking the united states. for the last two days, the rhetoric has been unrelenting and it has been hostile. we have been called immoral and worse. stuart: why is that dangerous? >> it's dangerous because it shows the hostility of the chinese system and of course, it makes it more difficult for other countries to help china, when it's in this mode. so i believe the chinese leaders now maybe see they have got very few options and they might lash out. i'm not saying that they will, stuart, but it's an increasing possibility given the rhetoric that is coming out of the foreign ministry, global times and people's daily. stuart: we hear you. gordon chang, thanks for joining us. see you again soon. now let's talk about apple. because that seems to be having some impact, the virus seems to be having some impact because of what it does in china. susan: right. to get 17% of their sales in china, they also build more than 50% of the iphones and a lot of suppliers in the country as well. as a result, they are closing all 40 of its apple stores, shutting down its corporate offices which impacts around 10,000 of its employees and as i mentioned, suppliers in the epicenter of wuhan, and speaking to tim cook last week in california, he told me his number one priority are the employees and they might be shifting production elsewhere. there are opportunities to do so. but back in 2003, sars impacted the chinese economy by $40 billion, they lost productivity. however, china is a much bigger economy today than it was back then and some are saying that's going to drag gdp in china by 2% and you can imagine the ripple effects elsewhere and around the world. stuart: good stuff. keith, come back in again. talk to me about apple. would you buy it at $306 with this in the background? >> i would buy it under $300. i think long term again, they still haven't begun to recognize the benefits of all of the pivots the company is making, big data, medical, et cetera. but short term, tim cook is doing what he needs to do. i think he's made it key he wants to protect the employees. the brand of apple is not going to diminish through all this. it's merely the supply that's got to go. stuart: stay there. bring you back a bit later on. let me show you now google. they report after the bell and look at them premarket, just look at this. you are up another $22. $1455. this is premarket. they report after the bell today. it's already a trillion dollar company. can you believe this one. amazon employs a half million people in the united states and that's up 43% from the previous year. it's triple what they employed five years ago. that's amazon. also up premarket. q. lo . look at tesla. the virus has not yet affected it even though it's producing their model 3 cars in china for the chinese market. look at it premarket, 3.5% up. $22 higher for tesla. overall, the market shows a modest comeback. remember we were down $600 on the dow friday, back up maybe one 40 th 140 this morning. president trump did not hold back when asked about the 2020 democrats. watch this. roll tape. >> i'm just going to throw out a name. whatever comes to your mind. start with joe biden. >> i just think of sleepy. >> bernie sanders. >> well, i think he's a communist. you mentioned elizabeth warren. she's not true to it. i call her fairy tale. >> michael bloomberg. >> very little. i just think of little. stuart: i promise you, we will bring you more from that interview and a new attack on bloomberg that has everybody talking. we got it for you. remember this tweet, tom brady reveals the real reason behind what i'm going to call a cryptic message. now we know. president trump's state of the union address expected to focus on the great american comeback but should he call out the democrats for what they have done to america in the last three years? i think he should. i will ask wyoming senator john barrasso what he thinks of that. he's next. hi, i'm bob harper, and i recently had a heart attack. it changed my life. but i'm a survivor. after my heart attack, my doctor prescribed brilinta. it's for people who have been hospitalized for a heart attack. brilinta is taken with a low-dose aspirin. no more than 100 milligrams as it affects how well brilinta works. brilinta helps keep platelets from sticking together and forming a clot. in a clinical study, brilinta worked better than plavix. brilinta reduced the chance of having another heart attack... ...or dying from one. don't stop taking brilinta without talking to your doctor, since stopping it too soon increases your risk of clots in your stent, heart attack, stroke, and even death. brilinta may cause bruising or bleeding more easily, or serious, sometimes fatal bleeding. don't take brilinta if you have bleeding, like stomach ulcers, a history of bleeding in the brain, or severe liver problems. slow heart rhythm has been reported. tell your doctor about bleeding new or unexpected shortness of breath any planned surgery, and all medicines you take. if you recently had a heart attack, ask your doctor if brilinta is right for you. my heart is worth brilinta. if you can't afford your medication, astrazeneca may be able to help. stuart: futures show a very modest rebound from the big drop last week. we do, however, have lufthansa saying it is suspending flights to china until february 28th because of the virus, of course. it says it's continuing to fly to hong kong. also, united arab emirates suspending flights to china with the exception of beijing. the point here is that delta is suspending flights to and from china until april 30th. that is a very important indicator. president trump's state of the union address expected to focus on the great american comeback. now he's opening up to how unfair the impeachment process has been. watch this. >> well, it's been very unfair from the day i won, and i really say from far before the day i won, from the day i came down the escalator, the mueller report, russia, russia, russia, as you say, which was total nonsense, it was all nonsense, the whole thing was nonsense, but it was a very unfair and mostly it was unfair to my family. it's a very serious thing, it should never happen to another president. stuart: i think the president was being very modest there and i think the democrats have dragged america through the dirt for the last three years and i want to know if the president is going to call him out on it tomorrow night at the state of the union. i will now ask senator john barrasso, republican from wyoming. you think he should call them out, mr. senator? >> well, i agree with the statement the president just made there, stuart, and i will tell you that's exactly what i heard this past weekend in wyoming with 800 people at the boys and girls club large event. people know that the democrats have been against this president from day one and what i heard in wyoming, and i would expect around the country, is in spite of all of this, the president has delivered for the american people in terms of jobs, and the economy, and national security, usmca last week. we have seven million new jobs, stuart, unemployment at all-time low, wages are up. there is a really good story to tell and i'm looking forward to the president telling that in the state of the union tomorrow night. stuart: so you would favor a more friendly sort of approach as opposed to calling them out. remember, speaker pelosi is going to be sitting right behind him. she's the one who said impeachment is forever. very spitefully, i think. and the presidential candidates who called him a liar and racist are sitting right in front of him. should he just let them get away with it and be all nice and friendly? >> well, elections are about the future. i would like the president to point out where we are today with the strong, healthy and growing economy and why we are there, because of the tax cuts and the regulatory relief and the efforts by the president on trade and it's time to talk about through an optimistic standpoint where we want to go in the future, to lower the cost of prescription drugs, to work on the highway bill. i chair that committee, stuart, in the senate. roads, bridges, tunnels, all of those things, to see what we can do for veterans. i think the president can talk about the incredible accomplishments through his administration and where we want to go into a second term. stuart: mr. senator, congressman adam schiff is convinced there was nothing democrats could have done differently. just watch this, please. roll tape. >> there's nothing that i can see that we could have done differently because as the senators have already admitted, we proved our case. the process in this impeachment was different than in nixon and clinton. in fact, the president had the aim d same due process rights which he did not avail himself of in this process as the prior ones. that is not an excuse that should be used by any senator for not fulfilling their obligation to hold a fair trial. stuart: senator, what's your reaction to that? >> adam schiff was partisan impeachment in the house, was completely partisan and political, i believe people have heard enough. the senate had a fair trial. two weeks of listening to the managers, the lawyers, present the case. 190 questions by senators, tens of thousands of pages of documents. we've heard enough. i didn't hear anything to which i would say the president should be removed from office. i'm ready to vote to acquit the president, to find him not guilty. the voting is starting in iowa today. this is a decision to be made by voters, not by the united states senate. we have heard enough. it is time to come to final judgment and that final judgment is not guilty. stuart: senator john barrasso, thank you very much for joining us. appreciate it, sir. thank you. with a democratic socialist, i just call him a socialist, in the 2020 race, and at least one more other candidate with far left policies, we've got a new poll and it shows capitalism wins over socialism amongst voters. ashley: not as overwhelmingly as you probably would like. that's the problem. this is from nbc news/"wall street journal." it says most, most view capitalism better than socialism. let's take a look at the poll. more than half, 52% have a positive view of capitalism, the survey found, but 18% have a negative perception of capitalism. on the other side, 19% of voters believe yes, socialism is good, but the majority, 53%, have a negative percentage. i'm surprised it's that low, to be honest with you. only 53%. by the way, this poll also found in head-to-head, bernie sanders beats donald trump 49-45%. so take what you will of that with this poll. stuart: i chuck in a grain of salt. let's get to john kerry who, as you know, ran for the presidency in 2004. he lost. now he's saying what about getting back into the race? susan: well, it's interesting that you just cited that poll because john kerry doesn't think bernie sanders has a chance in november. he was overheard on the phone in iowa by an nbc reporter saying the possibility of bernie sanders taking down the democratic party down whole is a real thing. he's basically said on the phone call that i might be jumping into the race and giving up some lucrative speaking engagements in order to do so but after this report broke and went viral, john kerry tweeted out expletive-laden denial, says as i told the reporter i'm absolutely not running for president, any report otherwise, you can fill in the words there. i have been proud to campaign with my good friend joe biden, who is going to win the nomination, beat trump and make an outstanding president. stuart: what's a man like john kerry doing dropping an f-bomb like that? susan: i mean, if you want the general population to actually pick it up, you wouldn't be using expletives. stuart: stay with fox business for all day coverage of the iowa caucuses including special coverage of the results, starting around 8:00 eastern tonight on fox business. quick look at futures again. it's a modest rebound from the big losses last week. up maybe 120 for the dow. mike bloomberg may be a billionaire. that's not stopping him from targeting the rich. we break down his new $5 trillion tax increase plan. we will do that next. imagine traveling hassle-free with your golf clubs. now you can, with shipsticks.com! no more lugging your clubs through the airport or risk having your clubs lost or damaged by the airlines. sending your own clubs ahead with shipsticks.com makes it fast & easy to get to your golf destination. with just a few clicks or a phone call, we'll pick up and deliver your clubs on-time, guaranteed, for as low as $39.99. shipsticks.com saves you time and money. make it simple. make it ship sticks. about being a scientist at 3m. i wanted them to know that innovation is not just about that one 'a-ha' moment. science is a process. it takes time, dedication. it's a journey. we're constantly asking ourselves, 'how can we do things better and better?' what we make has to work. we strive to protect you. at 3m, we're in pursuit of solutions that make people's lives better. ( ♪ ) this valentine's day, give her the gift that says, "you are my icon. you are my diamond." the marilyn monroe collection of fine jewelry. exclusively at zales, the diamonds are a girl's best friend store. the world is customized to you. built for you. so why isn't it all about you, when it comes to your money? so. what's on your mind? we are edward jones, a 97-year-old firm built for right now. with one financial advisor per office, we're all about knowing what's important to you the one who matters. edward jones. it's time for investing to feel individual. some people say that's ridiculous. i dress how i feel. yesterday i felt bold with boundless energy. this morning i woke up calm and unbreakable. tomorrow? who knows. age is just an illusion. how you show up for the world, that's what's real. what's your idea? i put it out there with a godaddy website. make the world you want. stuart: they changed the rules on the debate. mike bloomberg will be in the debate. he has a $5 trillion tax increase plan but i'm intrigued about what the president had to say about mike bloomberg when he appears in the debate. you've got to watch this. roll tape. >> michael bloomberg. >> very little. i just think of little. you know, now he wants a box for the debates to stand on. okay. it's okay. there's nothing wrong. you could be short. why should he get a box to stand on, okay? he wants a box for the debates. why should he -- really, does that mean everyone else gets a box? stuart: i personally thought that was funny but there are those who will say you should not denigrate someone's personal appearance. ashley: well, probably so. the bloomberg campaign says we never made any such request for a box. who knows. it's amusing. people will laugh at it but there's been a lot of pushback on social media. susan: i agree. just avoid the appearances. but they did push back and they pointed out ab