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Four with 16.3. but when looking at national polling averages, biden leads with 27%. that's followed by sanders at 18.3, warren with 15.8 and buttigieg rounds out the top four with 11%. joining us now nbc road warrior mike memoli in iowa following biden and npr's lead political edit editor dominico montinaro as you look at this bus, the no malarkey tour, for those who don't know what mar llarkey is think they have the definition on the bus. >> reporter: malarkey is a classic bidenism, it means foolish talk. that's what the tour is about, showing to voters here in iowa the first caucus state, o...

Senator elizabeth warren with 17.7. biden rounds out the top four with 16.3. but when looking at national polling averages, booin leads with 27%. that's followed by sanders at 18.3. warren with 15.8. and buttigieg rounds out the top four with 11%. joining us now, nbc road warrior mike memoli in iowa following biden and npr's lead political editor. mike, we'll start with you. and you've been -- i've been watching your reporting all day. and as you look at this bus, the no malarkey tour, for those who don't know what malarkey is, you can clearly go through that for us and i think they have a def...

Doug mckelway is live in washington with more on this story. doug? >> hi, dana. biden's iowa bus tour gets underway as polls show mayor pete buttigieg surging to the top first test of the 2020 democratic race. the rcp average has pete buttigieg at 24%. bernie sanders at 18.3. elizabeth warren at third at 17.7 and biden in fourth at 16.3. lunch bucket joe though says it's way too early to pay attention to those numbers. >> i think everybody is a legitimate threat. you know, look, historically, i know from experience iowans make up their mind at the very last minute there is a long way to go in ...

It's all about profits, it's all about earnings and we're seeing earnings grow at a great level. also the component here is making stocks that much cheaper. if we're having earnings grow, that lowers the pe ratio. that is at 16.3. the five-year average is 16.1. stocks are not cheap again. >> neil: price earnings gap, jen, is historically lower than a lot of people think it should be. monica, you could use that argument to say with the troubles in the tax code, this market, despite the scare today is a bye. what do you say? >> anecdotally i'd say when i talk to regular joes that invest in the m...

Universe that cannot be solved, ever, as we learned with nancy reagan in just say no. it cannot be solved by slogans, and by grandstanding. addiction treatment is hard work. and it is expensive work. and it requires compassion, and dedication, and understanding. and i don't think any of those things are present in this president, especially in light of the fact that he completely blew off his own blue ribbon commission. >> i want to give people the sense of the scope of the problem in west virginia. here are overdoses. the rate. so this is per 100,000 deaths i imagine that is. you can see that...