President affectionate of his base and the other side who leads them socialist or a billionaire, wall street journal poll, the democrat race has tilted heavily to socialist, Bernie Sanders, hes got 27 support. The fading joe biden is essentially tied with newcomer Mike Bloomberg, the president s approval record hits new high for the poll, 47 tonight it really is mustsee splitscreen tv, all right, we will get to your money, of course, not quite as exciting as politics, chinas government says theres a slowing in rate of new infections for the second day, less than 2,000 new cases reported but beijing still has, you might call it credibility problem, 3 wall street journal reporters kicked out of the country objective voices gone. Anyway, the dow will be up about 80, s p up about 10 and nasdaq another nice gain, already at new high, up another half percentage point. Rally all across the board. Now, just wait till you see tesla stock, im showing it to you now, if you bet against it, you are losing your shirt today, Varney Company is about to begin. Stuart i know it, i know it. We are playing waking up in vegas. Good production there. The democrats, of course, take the stage in las vegas tonight. To me, i think its bernie versus bloomberg, thats the debate, thats my opinion, lets see if liz peek, Fox News Contributor agrees with me. I know you do. Who wins . Bloomberg or sanders . Who winning . Look, incredible important night for Mike Bloomberg because up until now voters have seen glossy ads across the country, 400 million which he has spent, incredible number more than any other candidates combined. Now its the real person, now talk about stop and frisk and talk about the comments that he made, disparaging of women and talked about why hes supporting charter schools, dont think those other 5 people are not going to go after him from the opening bell because they certainly will, they know that his unlimited checkbook is an unbelievable asset in this race as much as decry, billionaires and millionaires, millionaires not so bad anymore because everyone is one except Pete Buttigieg as he reminds us, the truth is they will go after they will go after Bernie Sanders because hes the front runner. Stuart i think bloomberg has terrific advisers, hes paid bought and paid for a lot. Stuart i think hes going after Bernie Sanders. We know hes in the race because he doesnt like what Elizabeth Warren and Bernie Sanders have talked about in economic policy, thats why he wanted to be a candidate. The real question, frankly the first question id ask him, you have promised to support with your billions anybody who is in the race if youre not the candidate, you are so eager to beat donald trump, is it a good idea to beat donald trump and put in socialist programs which you know are going to hurt american workers, that should be the question that comes out first because that is so hypocritical in my view and people should really challenge that, my gosh, we have seen in the last week, stuart, so much that he can be challenged on and he will be. Stuart huge. Picture it, on the one side of the screen you have fighting democrats, thats what its going to be. On the other side of the screen you have President Trump with that 47 approval rating. He keeps going from strength to strength even as they impeach him, even as they criticize absolutely every breath he takes and its really, its a phenomenal sort of accent and people understand that policies are working, most stunning poll to me was the one in which 90 to have country said they are satisfied with their personal life which obviously includes their economic situation, 90 , an alltime high, thats not an outlier, every single survey that takes the temperature of americans right now are saying unprecedented goo will and good feeling in the country and yet the democrats say everything is terrible, thats the split screen, the country in good shape or is it the miserable racist the democrats make it to be. Stuart i call it the stock of the day, whats going on here . Tesla is up, what 61 a share, 919 a share as we speak. We have to bring in jack how, the barons guy, can you explain it what the devil is going on . I can explain it with math and story about tesla becoming like apple, the dominant car platform, turning cars into a new kind of thing, if i were tesla at this point i would put the brakes on path to profitability they have been talking about. Stuart wait a second, is that the story, is tesla seen ago standalone outstanding car company that will bring in the computerizization of cars and that makes it is that the story . Is that why its up so much . Seems the company thats going to dominate the automobile trade in the future, thats whats priceded in the stock he. Investors are treating this one like this is the lonethriving company of electric vehicles. A lot of enthusiasm in the stock. Stuart i keep seeing the analysts or observers yeah. Ashley boosted to target about 900, thats why its getting nice boost today. Stuart ive seen 7,000. This is why i mentioned profitability, right, once you become a Profitable Company you have to hit quarterly numbers, youre in walmarts world and thats no fun, before you get there youre a story stock and thats fun and that has endless upside possibilities and i think the thing for tesla to do, they are raising money now by selling new shares, they should milk that as long as they can, vinest, invest like amazon did for years. Stuart give me 20 seconds on this market just wants to go up. If you want to argue with the bubble you look at price to sales ratio, almost as high as it has ever been, if you want to argue fairly priced you look at free clash cash flow, right in the middle. Compare to whats on offer in bonds, better deal relatively to bond deal, theres your whole menu however you want to argue with your friends on where it is. Stuart i think i understand. [laughter] stuart i have more for you, son, let me tell you, check apple, down yesterday, up a buck today, 320, susan, weve got an weve got an apple guy that says well, youve had dan iyes, doesnt change bullish stock and the rest of the markets are bullish on apple for so much and beyond, listen. The only thing in the way was the 15 tariff issue which came away friday, the black cloud, 325 and 350 could be the next step because it comes down to super cycle and in our opinion going to 2020, i5, iphone 11 right now, airpods, if you look at it that continues trend well ahead of expectations. Down 1. 8 yesterday, not terrible given that hitting into the actual session it was down 3 and a half percent and last year when they washed on china sales because doesnt wasnt there on u. S. China trade battle it fell 10 , 1. 8 not a big deal. Stuart not a big deal, got it. Dish, please, they lost what almost 200,000 subscribers in the Fourth Quarter, its really all about cord cutting, looks like the streamers are winning, i cant understand why the stock is up 2 when you lost 200,000 subscribers, no doubt, we will figure it out for you. Check bed, bath beyond, the new chief wants to revitalize the business, hes thinking of decluttering the store. Ashley good. Stuart apparently that means selling less items, 12 a share this morning, now, give me the organ music, please. Stuart online coupon guys, the stock down 31 , whats this about . They are not selling products . Ashley they are, they had the whole new range that they thought was going to put growth in a new direction, groupon goods, you heard of it, not many other people have either, a real drag on the economy, they were trying to actually sell items instead of selling, you know, restaurants and other experiences and hasnt worked out for them, the sales and profits were down quarter to quarter to quarter. Is the Main Business still offering slash sales ashley exactly, they want to get back to that. [laughter] they can get you one for half price but no one wants such a thing. Ashley my dog might. Stuart youre down on this thing, arent you . Move on. Lets have a different story here, look at futures across the board, we are going up this wednesday morning, 95, maybe 100 up for the dow, look at that, nasdaq, set new alltime high, going up another half percent or more this morning. Now this, new documentary series called mcmillions, reveals how one man rigged the mcdonalds Monopoly Game for over a decade. Watch this. Lets start with everything, revenge. Ronald mcdonald. Stuart a slim, sliver of a taste of whats to come, scandal between 1989 and 2001, a lot of people made a ton of money, ed rensi was ceo of mcdonalds, hes on the show later on today, the scandal, democrat congressman James Clyburn made explosive comment, you to hear it, we will play it for you after this. Apps are used everywhere. Except work. Why is that . Is it because people love filling out forms . Maybe they like checking with their supervisor to see how much Vacation Time they have. Or sending corporate their expense reports. Ill let you in on a little secret. They dont. By empowering employees to manage their own tasks, paycom frees you to focus on the business of business. To learn more, visit paycom. Com and i recently had a heart attack. It changed my life. But im a survivor. After my heart attack, my doctor prescribed brilinta. Its for people who have been hospitalized for a heart attack. Brilinta is taken with a lowdose 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. Dont 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. Dont 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 cant afford your medication, astrazeneca may be able to help. Stuart well, well, lazy boy sale are up 5 , maybe sign of the economy or people spending on new furniture, lazy boy, doing well, boston beer report after the bell today, their hard selzer, probably going to help their bottom line, the stock is not moving in advance of their report, but jack how is with us, what do you think about hard seltzer. Sales up 220 in 2019. The company now does in volumes of seltzer, hard tea and cider than they do in beer even though its called boston beer, they might need a game change at some point. Explosive growth category. I thought last year was the summer of seltzer. This year consumption will double. In college we had a saying beer to liquor never sicker, my saying against sam, you get kicked in the can, this stock just goes endlessly higher on the seltzer boom. Stuart have you tried hard seltzer . Ashley i have. I just drink beer. [laughter] stuart stock is up, what was it jason justin, 57 . Justin, justin. Up 57 . In what time frame . Oh, hell not answering me now. [laughter] drinking hard seltzer. Brand here is truly hard seltzer, number 2 player in the space, the biggest player is privately held. Over the past year up 12 . 12 , thank you, susan, voice of reason. Stuart youre in the barons round table . Evening, watch early and often, cancel all your plans. Stuart drink hard seltzer. I will play a tape of congressman jim clyburn, House Majority whip, African American unemployment, roll the tape, please. No, no, because its not true. What do you mean its not true . Go ahead. Im saying that the africanamerican unemployment is not the lowest its ever been unless you count slavery, we were fully employed in slavery, depends on how you measure this up. Stuart interesting debate right there. Jason chaffetz, you heard in the house with mr. Clyburn, what do you make of his comment . I have the greatest respect for congressman clyburn, hes obviously joking because certainly he didnt miss the radfication of the 13th amendment to the constitution back in 1865 but, look, i think they are frustrated, its a moment of frustration, not only are employment numbers for African Americans the best theyve ever been since recorded but have rising wages. Stuart okay, i want to move from on from that contentious budget, i want to move on to the comparison of president obama and what hes saying about whether he deserves credit for the economy and current performance, hold on, jason, we put together a montage of what mr. Obama has been claiming, roll tape please. When you hear the republicans look how good the economy is where do you think that started, thats what a Progressive Agenda did. You hear folks taking credit for the economic marathon, hold up. They act like it just started. When the job numbers come out, monthly job numbers, suddenly republicans are saying its a miracle. I had to kind of remind them actually those jobs numbers are the same as they were in 2015 and 2016. Stuart okay, jason, have at it, what do you say . The president president obama is creating problems for his own Democratic Party debatee current field running for president , they all complained about the economy about how its not working, how its not doing what its supposed to be doing, at the same time you have barack obama trying to claim credit for it, Everybody Knows the reality, donald trump dealing with regulations and cutting those back, coupled with tax cuts and other smart policies like trade with mexico and canada, trade with china, other smart things that he did along the way that made the fundamental difference to create the prosperity that never ever happened under barack obama. Stuart what are you going to watch the debate and rally in phoenix with mr. Trump . You cant mix a rally, its fascinating to see how they take on Mike Bloomberg, that will change tonight. Stuart how does he perform first time on stage, ill be watching, i do my best. [laughter] stuart Jason Chaffetz thanks for being with us, check the futures market because we are going up nicely so, maybe 100 for the dow, look at the nasdaq again, up 50, 60 points, 9,695, we are almost at 9,700. Rancho mirage, estate in california, fundraising events, oracle employees are not happy about it, we have the story, more varney after this. Hey you dang woodchucks, quit chucking my wood geico. Fifteen minutes could save you fifteen percent or more on Car Insurance. Thats it. Im calling kohler about their walkin bath. [ sigh ] not gonna happen. My name is ken. How may i help you . Hi, im calling about kohlers walkin bath. Excellent happy to help. Huh . Hold one moment please. [ finger snaps ] hmm. The kohler walkin bath features an extrawide opening and a low stepin at three inches, which is 25 to 60 lower than some leading competitors. The bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. Kohler is an expert in bathing, so you can count on a deep soaking experience. Are you seeing this . The kohler walkin bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassag. Everything is installed in as little as a day by a kohlercertified installe. And its made by kohler americas leading plumbing brand. We need this bath. Yes. Yes you do. A kohler walkin bath provides independence with peace of mind. Stuart Larry Ellison is hosting bigticket fundraiser later today for President Trump, i believe, ashyees are not happy. Quite a few of them, they started a petition around the company saying this this basically shows support by our boss of donald trump does not fit with the core ethics of oracle. Let me put a section of this petition thats out there, it says in, quote, in part as oracle employees we must hold leaders accountable for upholding ethical responsibilities, ellisons Financial Support of donald trump endangers the wellbeing of women, immigrants, communities of color, the environment, lgbtq and transcommunities, disabled workersevery workers everywhere. Editorial that beijing took issue with, february 3rd, the real thick man of asia and how they were handling coronavirus. Maliciously slandering and attacking china, they have 5 days to leave the country and this is the first time in post era in china where they kicked out multiple journalists from single publication, maybe this is in retaliation that maybe the u. S. State department will identify 5 news outlets as possible state entities is this necessarily true, i think its more of a clampdown on the shall we say criticism of how china and beijing is handing the coronavirus, public anger online, if you go to social media in china, theres been a lot of questions about transparency and how well the quarantine and the containment of the disease has gone. Stuart suspicious they are kicking out wall street journal reporters because they want to clamp down on the truth, they might be the ones who reported it, they are out. Why is that considered slander, well, it goes back to the early 1900s which china sees as century of humiliation when they came in to take over the country. Stuart thats their reason for the kickout and other people have a different reason, okay, got it. Moments away from the opening bell, 3 minutes to go, thats all weve got, shar galani, first time we ever used your title, shar. I like it but thats not me. Stuart but you are that person, the Senior Adviser . No, im not. Stuart youre not . Im editor capital forecast. Stuart glad you pointed that out, my mistake. Maybe nominated for a new position. Stuart lets leave that on one side, lets talk nasdaq, record territory, we always concentrate on the trillion dollar club, you know the 4 or 5 Huge Technology companies which have, indeed, pushed the nasdaq up, what about the other Technol