tv After the Bell FOX Business January 30, 2019 4:00pm-5:00pm EST
friday is the jobs report. what do you think? [closing bell rings] >> this economy is a lot stronger than powell made it about out to be when he did a 180 on rates. liz: agreed. dow is 25,000, just a couple pennies that will do it for us. "after the bell" and lots of earnings. connell: huge hour ahead with stocks soaring. fed promised to leave interest rates unchanged and patience. we love patience. the dow ending the day up by 437, almost 438 points as we settle in here above the 25,000 mark which is a big ol' round number for you. melissa: all right. connell: s&p, nasdaq closing in positive territory first time in three days. nasdaq up 2.2%. i'm connell mcshane. melissa: we'll take it. i'm melissa francis. this is "after the bell." more on the big market movers but first here is what is new this hour. pressure to strike a deal.
high level trade talks between the u.s. and china kicking off today as the world's two biggest economies work to end the ongoing and costly trade war. both sides hope to reach an agreement by march 1st. can they get it done? we're live at the white house with the latest. a deadly deep freeze taking over the midwest. millions of americans facing the coldest temperature in a generation as officials warn of almost instant frostbite. what you need to know at this hour. a report that could majorly shake up the market. facebook set to release quarterly results any second as the tech titan faces ongoing scrutiny over it is privacy practice. find out the numbers here first before it impacts your money tomorrow. connell: a lot coming up. the dow ending the day in the green getting a big boost from apple. you remember the apple earnings
last night. gerri willis on the floor of the new york stock exchange. >> you got that right. big hero of the day, jay powell. turn that into ticker or index. jerome powell, federal reserve chairman, his comment about interest rates, they would be patient raising interest rates. the dow is past 25,000 in two months. we're up 434 points, 1.77%. a great day for the markets in the green. two earnings reports investors really focused on. boeing, big beat on top and bottom lines. coming in 5.48, versus $4.57. they will have deliveries of commercial airplanes of 900 compared to 806 last year. that is a very big difference here. apple as you mentioned, we were focusing on hand-sets yesterday, talking about the stock. today people looked at services number. that number up 19%. people really like that.
meantime, jerome powell, big vote of confidence here on the floor of new york stock exchange. back to you. connell: gerri willis, thank you, gerri. melissa: let's bring in today's market panel. jonathan hoenig from capitalist pig hedge fund, adam lashinsky, "fortune" magazine editor. both fox news contributors. adam, what is the big deal for the market, is it earnings or tech view around the world or will the whole thing with china get resolved? >> that one is easy. i thought you were going to ask about powell. it would be neither. it would be powell to me. melissa: that is okay. that is a fair answer. >> and the reason is, that moved markets today as we can see with apple. apple's report was horrible. everybody is expected it to be. so what does the stock do? it goes up. i don't think facebook is a quarterly earnings story. u.s.-china trade tensions absolutely are the most important of the two you asked me about. >> pendulum is really swung. at end of 2018, it was extreme fear. trade is one of those elements.
tech earnings was another. we've gotten some of those ready. no question, higher interest rates was third. to adam's point, fear over higher interest rates alleviated today. we're seeing more 52-week highs. 90 52-week highs today, only 40 new 52-week lows. my question, what is the leadership? some strong names are like gold break out once again. interest rates going lower. so is the dollar. that will affect the economy. melissa: adam, i'm not just talking about just today, but here on out you think the fed is a bigger deal to the markets, economy and trade war? >> no, sorry. melissa: just today. >> i you did mean today. no, i think. i think the fed isn't the big story going forward. that is resolved for now. melissa: okay. >> u.s.-china trade tensions are huge. i'm very pessimistic about it. connell: let me break in with earnings news, first of many
we'll have this hour. microsoft reporting fiscal 2019 second quarter results. the stock is down after hours. susan li joins us. >> not enough love for microsoft. second biggest company in the world, overtaking amazon recently. pretty much in line with expectations. penny beat on profit on bottom line. $1.10 per share. revenue, call it a slight miss, very slight. market was looking for 32.51 billion. we got 32.5. a little bit short. maybe that is reaction we're seeing in the stock price. as you know microsoft transitioning from selling windows to being a cloud company azure gaining speed. intelligent cloud is revenue number we're most concerned about. 9.4 billion. the outlook was looking for something stronger than that. i will get more, go through the headlines try to compare it to
the estimates. back to you. connell: susan, thank you. as we stay in break news mode. facebook earnings are coming out as well. we want to bring in we'll bring up the facebook stock price to look at it along with jonathan, adam, shana glenzer, cloud chief investment officer. deirdre bolton will go through the numbers as they stand. the stock price, shana, is up 5% after-hours. my first read on this, deirdre will see if there is any ex items. bottom line 2.38, to 2.19. revenue also looks like might be better than expected. before deirdre, shana, deirdre is that right? >> revenue 16.91 billion facebook posted for this fourth quarter and that is slightly higher than wall street was expecting. 16.39 billion was the estimate.
we're still waiting for earnings per share number. just to give you some context on -- 2.38, i was waiting to call chate one thing, that is clear beat on earnings. what we can say, focus back on revenue number, that represents a gain of about 27% revenue wise from the same quarter a year ago. as for the earnings beat, would make it pretty much a level scratch, call it, compare the fourth quarter we're betting now, versus the fourth quarter of last year. then as both of you know, some of the other metrics i will be looking for now, mobile ad revenue and daily active users as we know. we need to see facebook is holding on to daily active users in u.s., canada, europe, given scandal-ridden 18 months they have had. melissa: we want to you confirm that. you were right to do the extra calculation. i didn't mean to jump the gun
this is the number dow jones is reporting. do that number and the math but meantime we'll bring jonathan in to react, shana glenzer, cloud scout chief marketing officer. adam, what is your reaction to that number? >> 27% year-over-year revenue growth is astounding. the business is doing well. earnings would be flat is what you expect, they're spending a lot more money to deal with these crises. this is what the chattering class will be talking about. never mind the crisis, facebook is still a machine. melissa: jonathan, do you agree with that? >> it's a machine. a profitable machine. we're seeing that reflected in the stock. nice beat. put it in context here. this is a stock come down from $220 a share to $160 a share. my issue is the valuation. trades 25 times earnings, down from 90 a few eras ago. this stock essentially could be
a growth stock to value stock. very profitable, successful corporation but simply doesn't command the valuation and thus the stock price it once did. melissa: do you agree with that? i know investors think facebook is almost dead money at this point. as much as they try to grow, continue, the scandal outweighs whatever good they're doing? also the fact that so many young people moved on from it? what is your thoughts? >> i think what we're seeing here the central storyline of facebook is changing from this, value for investors from the massive growth play to truly how can you monetize all of the different assets and plays that they have, instagram or what's app. the central, the value that we're seeing is now no longer the explosive growth which had been hindered by all of the news from this past year. but people that are loyal to facebook are bringing in money for that ad platform. connell: go over a couple other things we had.
some are already flashing on bottom of the screen. deirdre might come back with some. mobile numbers. i only have percentage of advertising revenue. from what i can see on both those metrics which the market looks at closely, they're pretty much in line what was expected up about 9% year over year, whether it is monthly or daily active users. so if that's the case, adam, that pretty much, at least for now answers some of the questions out there that facebook is steadied the ship or what do you think? >> yes, i think it is pretty dramatic. i agree with jonathan's fundamental point about it becoming value investment rather than a growth investment. by the way if you bought yesterday, looking at the after-hours movement that is pretty dramatic change. yes, but to grow single-digit users at the size they have is quite impressive, scandal or no scandal. >> to that point about the need to reinvent itself, including
facebook, all these successful fang companies have done just that. news last couple days, facebook intend to integrate, its whatsapp to facebook. our guest makes the next point they have to reevaluate themselves and reinvent themselves if they will be a growth stock trading at growth valuation. melissa: to that point, combining all the apps, 2.7 billion people now use facebook, instagram, whatsapp, messenger each month. what do you think of that number? >> that is clearly huge. second only to google i believe in their reach and span across the globe. we'll look for hints on the call, how they plan, any hints how they're planning to monetize the messaging services because they haven't been successful yet monetizing that huge value. melissa: how would they do that better? >> it will be hard. avid user about whatsapp, one of the things i love whatsapp,
encryption, in danger when we announced all the back ends. and there are not ads. it will be tricky -- melissa: they're not monetizing it. connell: i want to break in with another number guys that is breaking that would be tesla. that would be tesla, third of big companies we were looking for. the stock went down and now it steadied at about break even. it is up a few dollars. anyway, let's get back to susan li to go over the tesla numbers. what do we see? >> the accounting numbers looks like we have a slight miss in terms of what i see in terms of eps and the profit. bottom line we were looking for 2.20. the actual number we got for the quarter, 1.93 a share. as for revenue, 7.23 billion is what we got. that is a beat in terms of what the market was looking for. a lot of headlines coming through on model 3. that is the key for this quarter. ramp up, margins, costs for a
cash-strapped company like tesla. we were down in after-hours. model 3, looks like production values continue to grow throughout 2019. could get a sustained rate of 7,000, guys. that is important, above the 5,000 a week. connell: bottom line looks like a miss, you're right. as they say the accounting world, non-gaap number that is a pretty big miss. gary gastelu, foxnews.com automotive editor, we talk about tesla all the time. the call will be important as charlie gasparino has been reporting throughout the day, elon musk is expected on the conference call to address the capital needs of the company one of the things been out there in terms of how much cash they have and need going forward. here, first glance in terms of what was expected. they miss on the bottom line. but pretty good revenue number from tesla. >> sales missed expectation
expectations a little bit as well. would indicate the model mix skewed towards mid-range cars and high range cars. susan mentioned model 3. 7,000 unit target would be supposed to hit in q4. they never got anywhere near that. they had a bit of a tariff tussle for china. that didn't help things out. melissa: can i tell you cash, cash equivalent? they are reporting 3.7 billion at the end of the fourth quarter, increased by 718 million in q4. connell: so that is the cash that they have? melissa: basically cash on hand. connell: cash that they have on hand. 920 million-dollar bond payment coming up for tesla. one of the questions was would they need to raise more capital or could musk and company kind of pay for that with existing funds? so we'll look for more color again from him, gary on the call. bring you back to product, for a second. let's talk about the model three, if we can. with these numbers
notwithstanding, the rollout here of this car and the goal, long term, of having kind of a mass market 35,000-dollar sedan, where does that stand and where does it go from here? >> look that is still at least six months away i would say and the fact that they lowered the price of the model 3 after the tax credit got cut last year indicates the demand is not as strong as it could be. no need to cut the price if you're selling as many things as you can build. moving forward they're moving into europe in the coming weeks as well as china, that is where you see a lot of growth over 2019 in model 3. connell: all right. melissa: sufficient cash to satisfy that bond. that is what they're saying, direct quote. connell: from existing funds they have they can pay the 920 million-dollar bond payment charlie talked about today. melissa: ha is what they're saying. connell: without raising more capital. that might be important for
investors. stock is down four bucks. all right. we got through it. a lot of earnings. visa came out. the stock was up last i checked if you're curious about that one. melissa: we want color from that one. it tells you a lot about consumer credit, where people are. a very important read on the economy. as you know, absolutely frigid temperatures taking over the midwest. the national weather service telling residents to keep their mouths closed when walking outside in order to protect your lungs. we are live in the weather center later in this hour. connell: crazy. paying teens for data. facebook under fire once again following you outrageous attempt to get info on you and your kids. melissa: that is quite a story. former starbucks ceo howard schultz just defending his possible third party run. what he just told fox news this afternoon. former governor mike huckabee responds to that next. ♪ liberty mutual.
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connell: staying on breaking news, update on facebook fourth quarter earnings we were talking about. they beat the street, beat analyst estimates on both top and bottom line. 2.7 billion now use facebook, instagram, whatsapp, or messenger each month when you combine them all. in terms of mobile advertising revenue which is a key metric, it represents 93% of advertising revenue for the fourth quarter. it had been up from approximately 89%. the stock a huge boost after-hours, up 8%. melissa. melissa: two days of high level trade talks between the u.s. and china. blake burman live at white house with the latest. reporter: discussions started seven hours ago, 9:00 this morning. we're believing that they are still ongoing on day one.
treasury secretary, commerce secretary, u.s. trade representative, larry kudlow, peter navarro, et cetera meeting with counterparts from china. you're looking at liu he, vice premier, sitting down face-to-face on white house grounds. going into discussions, treasury secretary felt there would be significant progress that would be made but also said any sort of compromise for the chinese would need to be matched with enforcement measures. tariffs very much in play, very much on the table as well. speaking of, we heard from fed chair jay powell earlier today, he said at this point, he does not believe the amount of tariffs have gone on back and forth between the u.s. and china affected growth here at home but he warned prolonged trade discussions could, could hurt the u.s. economy. >> so the concern is more of longer, for me, longer, drawn outset of negotiations back and forth which could, which could
result in sapping business confidence. uncertainty is not the friend of business. reporter: the chinese vice premier you saw there, part of the discussions will be meeting, we expect at least with president trump tomorrow. melissa. melissa: blake, thank you for that. connell: here now is former arkansas governor mike huckabee. also a fox news contributor. the above here in studio with us in new york. >> great to be here, connell. connell: is there pressure, i know a lot has been said about pressure on chinese to make a a trade deal, their economy slowing down. >> sure. connell: the point making a deal so this doesn't drag on too long? >> nobody wants us to drag on too long. what we're in now way better than what we've been through which is a very unfair process. we've been getting played like fools for years and years. it really had impact on american workers and american economy. president's playing it right. he is playing hardball. connell: with the tariffs sometimes in the short term you go through some pain, right?
>> sure. connell: the president talked about this. i've been out in iowa couple times last year talking with farmers. when i was there, surprised to see, for the most part, not all, they were okay with that, as long as there was a long-term deal that was favorable to them. to your point they thought something needed to be done. i'm wondering how long that will go on for before there is too much pain? >> i think chinese will fold before we do. because their economy is struggling even more than ours. we have great employment numbers. we have good stock market overall. our economy is way better off than the chinese economy. they can't afford for this to keep going. deep down they have to know the gig is up. they can't deep doing what they have been doing. they have succession of u.s. presidents that looked the other way because of globalism. it is okay, because a lot of american businesses want them to be okay with it. connell: right. >> president trump came with a very different perspective.
thank god he has. it is turning around not just the u.s. and china situation but entire global situation to make it a real market economy. connell: we'll see if they get a deal before the next headline. when you're here in studio, governor we like to get most for our money. >> you should. connell: political topics, former starbucks ceo howard schultz getting a lot of attention this week and facing backlash to put it mildly from democrats potentially running for president as an independent. should they be as worried as they apparently are? schultz spoke to fox news and dana perino and said this. >> there is strong possibility that more lifelong republicans who will have no place to go if there is a left-leaning liberal progressive democrat, they will vote for donald trump. it is very possible if they had a better choice, someone in the middle, who can speak to their values, they would vote for someone like me. connell: conventional wisdom has been, sometimes it is wrong, the
kong conventional wisdom he will take votes away from democrats but he makes the argument taking votes away from trump voters. >> good luck. he is left of center. everybody knows he is. he might get some in the john kasich wing of the party. connell: never trump type of crowd. >> that's right. all of those people couldn't fill this studio. we're not talking about a lot of republicans because republicans generally, even some that weren't for trump, during the election, and have had misgivings about him, may not even like him personally, they cannot ignore the fact that on judicial appointments, on the economy, on trade, he has based far more conservative republican than any of the conservative republicans we ever had. connell: i thought it was funny when dana asked about howard schultz about the economy. i thought he might give president trump some credit. >> no, he didn't. connell: he would give him credit for strong economy attack him as he did on moral issues, whatever the case may be on personal ground. he didn't. he said corporate tax cut was a
mistake. he said the president shouldn't use stock market as proxy for the economy. what did you think of that? >> if he is going after republican votes, what is he, what kind of bait is he using for the fish here? he is throwing out concrete hoping that the fish bite it. they're not that dumb. one republicans would like, somebody believes in tax cuts, deregulation, something the president delivered on. he is trashing the president for doing very things republicans typically like and have been successful. let me be very clear. howard schultz, talented guy. smart guy. i have great deal respect for him especially his business savvy. the political mistake is this, if he were in the democratic primary, he has the middle ground all to himself. connell: maybe mike bloomberg, if he runs -- >> i don't know if he will. potentially has the flake, he wants to get all the votes who don't want to be far left. by going out independent, he
become as spoiler. he helps donald trump. i hope he runs an independent. connell: interesting. enjoy the weather. >> going back to florida. connell: melissa. melissa: pretty nice. facebook in hot water yet again. details surfacing over the company's tactics to gain personal data from teenagers. just how far did the company take it? you won't believe it. ♪ investment opportunities firsthand. like a biotech firm that engineers a patient's own cells to fight cancer. this is strategic investing. because your investments deserve the full story. t. rowe price. invest with confidence.
so get allstate, and be better protected from mayhem, like me. melissa: another look at facebook of the stock is up after-hours following a beat on fourth quarter revenue and the social media giant taking another hit when it comes to privacy practices, this time paying teenager for information on their phone activity, horrible! fox's hillary vaughn has frightening details. hillary, i do not like it. reporter: a lot of people don't like it and causing a lot of controversy. facebook is openly admitting
gave 20 bucks a month, willing to install software on their smartphones essentially see everything they do on their device. facebook research app let them see what apps they used, read text, emails, location data and private photos and videos sent on other instant messaging apps. this is with permission. facebook would add to it data stash hand over the cash. the app was not off limits to kids. teens with parents consent to let facebook creep on their data. facebook says they have done nothing wrong. there is nothing secret about it. it was literally called the facebook research app. it wasn't spying. all the people who signed up to participate when through a clear onboarding process. less than 5% of the people participated in this program melissa, were under the age of 18. melissa? melissa: hillary, thank you. connell: one thing to have employees doing research for you, but when you get other people involved. sounds a little strange, hey?
bipartisan group of lawmakers meetings over border security as the clock continues to tick to another possible government shutdown. can they strike a deal before the deadline? senator john hoeven at that meet tag. he joins us next. ♪ guy. what's the hesitation? eh, it just feels too complicated, you know? well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated. step-by-step options trading support from td ameritrade we're finally going on the trip i've been promising. because with expedia, i saved when i added a hotel to our flight.
connell: they are looking to strike a deal. lawmakers in the nation's capitol beginning negotiations today trying to reach an agreement on border security before the next deadline set for the the fifth -- 15th of february. mike emanuel is with us. >> this will require cooperation and compromise. >> i hope all stakeholders, including the president, will work in good faith to support us as we carry out our responsibilities. together we can secure our border and uphold our values. reporter: there is already mention of a draft proposal, leaders of the conference committee say they're still working out details. the senate appropriations chairman notes this is what appropriators do, figuring out where to spend the money. a deal here could set the tone for this congress. a texas republican expressed
optimism the timing is right. >> democrats said they would not negotiate a border security until the government was reopened. the government is now open and negotiations start now. i'm optimistic we'll be able to reach agreement in support of things experts on the border said they need in order to secure our homeland and address the crisis we face. reporter: montana democrat says this committee must make the right decisions for the taxpayers. >> a balanced approach to border security should be a road map. many of the measures we funded in the senate bill can serve as starting point as we work together to craft a deal we all can agree on. we have to address the situation at our border, particularly the growing humanitarian crisis of families and children fleeing violence in central america. reporter: this is the first full meeting of this committee. timing is precious. connell? connell: mike emanuel on capitol hill. melissa: republican senator john hoeven from north dakota is
involved in the negotiations as a member of the senate appropriations committee and he joins us now. what is your take? what was it like today? what is the tone like? >> melissa, i thought it was good. everybody talked about the need for strong border security. so that's good. now the components go into that are people, technology, and a border barrier. different people emphasized different aspects of that. but what we need all three. my recommendation is we get the customs, border protection professionals in there, border patrol professionals, have them present to us exactly what they need so that we have the best possible package for border security. melissa: what is likelihood that will happen, somebody comes in to give a presentation? did anybody offer that? >> i pushed very hard at the meeting. i think we'll do it. i talked to chairman shelby afterwards. we'll make the request to do that i'm hopeful that will happen. melissa: is there anyone in the group totally against the idea putting money towards a barrier?
are there people say we won't go forward with any money towards that, towards the fences or matter of how much? >> i don't know anybody said absolutely not. they were indicating technology and people. didn't necessarily people feel that barrier was as effective. i don't know anybody said no to barrier. key will be this though. you need all three. for us to get to an agreement. we will have to have funding for barrier, people and technology. melissa: i have no doubt about it. or else the president woken sign it. i understand that. that is why it is interesting to see. is it, what is the sense that you get from the democrats? i mean are they, do they have a nancy pelosi on board? can they make a deal with you, you go back and she is going to back? i know on the democrat side, we worry about the president, we know what he needs, a little bit more after mystery on the nancy pelosi side? >> the president put forward a lot of things democrats want and support. and like any compromise at the
end of the day, they will have to agree to some things president wants and republicans want as well. there is clearly room for agreement here. melissa: there is. we just don't know if nancy pelosi is in for what it would take, if she wants to slow the whole thing down. >> right. melissa: do you worry at all about coming out like another "gang of eight"? >> no, no. look the whole idea we get something can pass through the house, the senate, the president will sign. in regard to speaker pelosi, that is something we'll find out. you know, again, this, everyone said they want strong border security package. everyone has voted for border barrier as part of that before. so we absolutely should be able to get there. melissa: you heard rumors there is already draft of a proposal going around, is that true? >> yes. the house democrats already have a proposal. melissa: have you seen it? >> i just got a preliminary look at the draft. melissa: what is in it? >> it is kind of a starting point for them.
they talk about people and technology. that is why i say there will have to be money for barrier in there? melissa: no barrier so far? >> i just saw a synopsis or draft verse. they emphasize technology. clearly barrier will have to be there as well. melissa: when you come back and give us an update? we appreciate it. >> will do. connell: get idea what democrats are trying to do, get something for border security, most likely doesn't mention a barrier or wall. melissa: so far. he said he took a quick glance, we'll see. connell: setting the stage for 2020. democratic presidential candidate kamala harris doubling down on push she is making for medicare at all. what that might mean for taxpayers potential impact, next
from senator kamala harris plan to scrap private health care plans. harris responding to fox news. >> bottom line, most important, that everyone have access to health care. that is the goal. that is the purpose for me supporting the policy of medicare for all. that everyone has access to health care, period. melissa: let's bring in hadley heath manning, policy director at independent women's forum. hadley, you know, this is another one of those situations where you have politician promising something that the math can't possibly support. and i have to wonder if, voters are going to believe it? seems almost cruel. i mean medicare, average recipient, according to government numbers, in their lifetime, pays in 1/3 roughly of how much they get out over time. it is between 100 or 200,000 they pay in. they get back between 4 and 500,000. obviously we can't do that for
everybody because it is not mathematically possible. >> that's right. medicare for all certainly ought to concern us all as taxpayers, maybe pour importantly it should concern us all as health care patients. when representative harris talks about everyone having access to health care, that means everyone covered by health care government insurance plan that is not the same thing as having health care. it can be counterproductive having access to health care services. >> they learned that in canada and england. amazing to me, people who have the luxury of coming to our country to get health care because they're told in their country that you know, they have to wait, or can't get the thing that they need, and in fact, that was the analogy she used trying to sell it in that town hall. we all had to wait for approval from the insurance company. i'm done with that. i'm over that. we need to move on. you know, do you, do you think voters believe this after what they heard about obamacare, if
you like your doctor, you keep your doctor, if you keep your plan like your plan, keep your plan. none of those things came true. will they fall for it again? >> senior citizens, medicare focused on them no longer something equally available and beneficial to senior citizens. this plan has a lot of problems top to bottom. no wonder democrats are concerned this is not the right position for their own party to take. melissa: labeling could really trick people, when you say medicare for all, i talk to seniors in florida who love medicare because they have private insurance supplemental and medicare, they have access and they have what they need and everyone says, maybe each and everyone of us could have that? the title itself is so tough? >> i think what it would be in reality is much closer to medicaid for all. medicaid, medicare have similar names. medicaid serves low income people. but doesn't reimburse health
care providers as well as private plans or medicare. that is very difficult for patients in the program to get access to a doctor's appointment for example. we don't want to do that for more americans. melissa: hadley heath manning thank you. >> thank you. connell: growing unrest in venezuela. president trump speaking with country opposition leader today, as crisis intensifies in the region. so what's next? from the u.s. we talk about that next. ♪ this isn't just any moving day.
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terrorists so democracy for the region is crucial, this is very clear to president trump. connell: this all comes as the state department has raised its travel advisory on venezuela what they call a level four. in other words, do not travel. bring in vanessa neumann in, she joins us to talk more about that. join us in the studio in new york. thank you, vanessa, coming in. >> thank you. connell: approach of the united states is pretty good so far? >> yes, absolutely brilliant. they're supporting the constitution of the country of venezuela according to which guaido is the president. falls to him legitimately. that is what is so elegant about this. connell: the timetable, timeline of events, from where we sit until ultimate destination, how does it look? >> guaido is interim president. techally has presidency for one
year. during which he calls elections. connell: he is not technically president. >> he is absolutely president but interim president. it is a bit like being a trustee, right? you hold the government in trust kind of thing. so he has to name a government and lead the country into free and fair elections which he may win again. connell: i guess what i meant, the first process would be maduro is out completely. >> right. connell: how does that happen? what does that look like here over the next days, weeks? >> well, we don't know. i don't think this will last much longer. connell: why? >> because the eu will recognize guide dough on thursday. we expect more bank accounts to be frozen. once the guys realize they're on a sinking ship, meaning the military, they will not get paid, it will start to crack from within. hopefully put him on a plane, if not ends badly with a lot of dictators, ends in the near term? >> yes. connell: one of the reasons i
ask, u.s. economic interests is oil as we report. reuters said there is discussions that u.s. might tap into strategic petroleum reserve to make up for any lost supply from venezuela. >> right. connell: what you're saying this situation is resolved sooner than later is your thinking? >> it is important for the u.s. stop buying venezuelan oil. you can't call him a despotic regime, human rights abusing regime and financing for it. that is logically consistent. there is rumors gasoline runs out in venezuela 10 days time. when you will really see change. this is, this all bodes well for venezuelan people, they need this to change sooner and, sooner and more peacefully the better. connell: good to see you, vanessa. >> thank you very much. connell: sounds like next week is very important. >> yes it is. connell: melissa. melissa: life-threatening temperatures sweeping through the u.s. several areas under a state of emergency.
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t. rowe price. invest with confidence. deadly temperatures gripping the midwest. some regions potentially seeing negative 70 degree windchill overnight, prompting governors in illinois, wisconsin, michigan to declare a state of emergency. consumers being left out in the cold too. airlines cancelling hundreds of flights. amtrak suspending service for trains in and out of chicago. fox news chief meteorologist is live in the weather center. >> i have scoured for minus 70 windchill i haven't found any. but i have found some minus 66. that's a bit better than minus 70. so these are the actual air temperatures. not factoring in the wind, minus 36 last night at international falls. minus 23 in chicago. chicago's coldest temperature ever is minus 27. they got close last night and
they will get close tonight to that again. the cold air one more night of that in place. you can take a look at these windchills here, minus 40 is what it feels like in baker lake. you can go down across the lower 48 here. we have minus 38 in chicago. that's the warmest you have been all day long. this cold air not diving too far down to the south though. we won't see that incredibly cold air making its way down across the central gulf coast. all time lows, chicago, you will be the one that gets closest to maybe breaking that. you are certainly at your second coldest temperature we have had in recorded history. look at what happens in the forecast. that lighter color, that's the coldest, go towards tomorrow, it begins a little bit by tomorrow morning to retreat throughout the day tomorrow kind of goes back towards the north. by friday, still cold, but the worst of it is gone. by this weekend, chicago, you will be pushing 50 degrees. >> how is that possible? i mean it's such a swing. that's incredible. >> you bet. >> wow. >> breaking news, presidential
tweet on the stock market just into us. the president writing the dow just broke 25,000, tremendous news. >> the market up 434 today. that's what caught his attention, i guess. there you go. that does it for us. >> that does. bulls & bears starts right now. david: a huge market day, with the dow closing up 434 points as federal reserve chair powell says the economy is solid, and the fed is going to be patient with rate hikes and selling off its assets, but if you look at former starbucks ceo and potential 2020 candidate howard schultz president trump should not be getting any of the credit. >> would you give the president credit for having a 3.9% unemployment rate? is that's the lowest since 1969. wages have started to come back. would you give him credit for that? >> no, i would not give him credit for that, because i think the reduction in the corporate tax rate of 21% was wrong and irrational. he missed a massive opportunity for compr