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tv   After the Bell  FOX Business  February 3, 2020 4:00pm-5:00pm EST

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[closing bell rings] follow him on twitter. he is super smart. we love him here. markets recovered some friday losses. nowhere near all of it. dow jones seeing a gain of 146. s&p is up 23. that will do it for "the claman countdown." connell: here we go. this is going to be a huge hour. stocks in the green to close, start off a new week of trading. on top of that it is caucus day here in the hawkeye state. we look at all three major averages they end the day higher ahead of iowa's first-in-the-nation caucus which will be held here this evening. now just moments from now, big business story. alphabet, parent company of google will report its quarterly earnings. you find out the numbers here before they impact the wallet tomorrow. we certainly have that. in just a few hours we have first context of 2020 election season officially kicking off. the democratic candidates make their final pitch to the voters as iowans get set to caucus.
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we've got you covered on all fronts. great to be with you on a monday. connell mcshane, reporting live from des moines. melissa: i'm melissa francis live from new york. this is "after the bell." the dow ending up 142 off session highs. we had been up more than 374 points earlier in the day. the s&p 500 and the nasdaq ending in positive territory. the s&p 500 back in the green for the year. check out tesla. the stock is up for the fifth day in a row surging above 700 bucks. way above. 780 in fact after a price target increase and quarterly profit at the panasonic battery business with the automaker. oil settling down nearly 3% today. officially entering the bear market on worries about the coronavirus and you how the outbreak might reduce chinese energy consumption. as we wait for alphabet, democratic candidates continued their push to break up big tech. so what impact could this have on the company's top and bottom
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line? here now is adam lashinsky, fortune executive editor, fox business contributor. we also have connell standing by there from iowa. and adam, let me start with you. it is an interesting conundrum for tech. they used to be right there the partners with the left, especially a lot of lawmakers in california. now you hear those lawmakers taking shots at tech, talking about breaking them up anytime they can. what are your thoughts? >> i quibble with the word partners. i would say, but i would agree the executives were overwhelmingly sympathetic to democrats. i was thinking about all this regulatory concern compared with the coronavirus concern. you see the latter is a major event because people have no idea what to make of it. the regulatory concerns, they're real but they're out in the future. so i think people try to understand what it means for the
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stock, can figure out almost nothing, compared with like a true global crisis. melissa: connell, i mean what you do you think about all the talk that happens on the campaign trail especially where you are? you heard democrats, elizabeth warren among them talking about the need to break up these companies and really casting them as the villains, as the enemy? i don't know how realistic is it or is it just chatter? connell: warren is leading the charge in that regard. we were at one of her events over the weekend. bernie sanders pretty much the same drumbeat there is it realistic? we'll see. depends who get into office. some candidates have different approaches, look at mayor pete buttigieg, this is the guy with the first facebook, one of the early facebook users. isn't as aggressive as technology companies as a lot of people are. adam make as correct point, there is so much uncertainty around all these events they're further out into the future. we don't even know who will win
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the iowa caucus tonight or much less the next democratic nominee or who is the president of the united states after the 2020 election. all of that is in the future. all candidates on the democratic side want to take a pretty good shot at these companies. melissa: absolutely. wall street watching iowa closely. okay. are we -- i believe we're going to susan li with earnings. is that right? >> a big miss for alphabet. the stock gave up all the gains in the regular session in after-hours. we're down close to 5.25%. he had profits beating estimates here. alphabet made $15.35 on a eps basis in the last quarter. came out ahead of estimates looking for 12.53. but revenue and sales slightly below forecast. we're looking for 46.94 billion for the quarter. what alphabet made during the three months is 46.08. it came up short there. we're getting acquisition costs, traffic acquisition costs which
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is very imperative to the stock price. $8.5 billion. pretty much in line with expectations but it is the revenue and sales that really hammering the stock in the after-hours. guys? melissa: i know 8.5 billion was the estimate. if they came on that acquisition number, if that is what they came in, they hit it right in line. but the revenue light. i don't know, adam, what do you think? >> well, investors don't forgive google alphabet anything. if they aren't growing where investors think they're growing they don't like the stock. it is really, it is really that simple. they're playing a very sophisticated game against the likes of facebook and amazon, to a lesser degree microsoft. there is no room for error from an investor perspective. melissa: yeah. russell hawley with us from future labs. russell, what do you think of numbers you're seeing in terms of earnings per share number if i have to think there is something in there, so far above our estimate was.
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i don't know if that is straight beat or apples-to-apples comparison, but in terms of acquisition and revenue costs what are your thoughts. >> one of the biggest things a lot of investors were looking for in this particular segment is ad revenue. being able to continue to dem street ad revenue was a huge challenge. the other thing hidden a little bit in these numbers, whether google cloud services were able to increase in, kind of value and market growth and thinks like that, because google's cloud services are third place behind what we see currently with microsoft and amazon. we growth in google cloud services division as well. while that doesn't immediately translate to revenue it is a really good sign for google's continued growth of services not directly related to ad revenue. melissa: google advertising revenue looks like 37.934 million. alphabet quarterly youtube adses, revenue, 4.71 million. connell, when you look at the
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numbers, what do you think that the biggest issue is looking at when it comes to alphabet? >> looks like the overall sales figure being light. i would point out the stock is clawing its way back. only down a little over within% in after-hours trading. could take more time to digest realizing on earnings per share basis even if that number or perhaps that number is really an apples-to-apples comparison of the at percent glance investors saying boy, that couldn't be true. google is figuring out a way to make money and more money than expected while sales are down. to russell's point, there are exceptions these large companies and russell is right. where is the next growth coming from? cloud business or youtube? especially core business, ad business starts to maybe decelerate a little bit or slow down a little bit and those would be concerns but at the end of the day not the end of the world, right, to see google off 2% after-hours. melissa: adam, doesn't seem like google takes the same abuse from
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regulators. facebook is always on the tip of anyone's critical tongue, even when you go to george soros writing that opinion piece in "the new york times," saying mark zuckerberg and naming sheryl sandberg saying they need to step down from the company. google, it is on every computer, every search. they're watching everything we do but for some reason seems like they're not as much of a target. why do you think that is? >> two schools of thought on that. one is their time will come. i have heard that. second school of thought is that their product while so pervasive and so powerful hasn't been quite as manipulatable if that's a word as facebook or was particularly in the 2016 election. it is tailor-made for a bad actor to go in and do something bad with it whereas google, think of it as peanut butter. it spreads a lot thinner than facebook. melissa: russell, were you laughing during that? was that you you?
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>> i was. just kind of following up on what he just said there, it is really important to highlight facebook had challenges and google had challenges when it comes to privacy things. google responded to privacy things saying this is clear-cut set of lines we're going to follow to make sure that doesn't happen again. facebook has not done that and that is a really important distinction to make. as facebook looks the kind of privacy eschews it encountered and changes they made so far has not addressed those problems. a big reason why the criticism is sustained. it is not demonstrating it won't happen again. melissa: adam, what do you think about that? what would be the first question for the call. >> in terms of privacy, what russell is talking about, they have given a perception being really responsive on youtube which is their biggest area of concern. remember youtube is relatively small part of their business. facebook is not a relatively small part of facebook's business. all that matters for discussion we've been having is teasing
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revenue growth. the other stuff is gravy for google. ad revenue is google. melissa: okay. stock getting hit right you now. down about 29 bucks after-hours. adam and russell, thanks to both of you. meanwhile focusing on the economy, president trump back in washington preparing to make his third state of the union address tomorrow night. what to expect from the president as the impeachment trial winds down on capitol hill. plus a lot more from out there in iowa. connell? connell: yes, we do have a lot more from out here in iowa. high-stakes in a key battleground state this evening. the caucuses could give vital momentum to the candidate that comes out on top. we'll talking about it. democratic contenders making a final pitch the last few days. we had a front row seat on the campaign trail. we'll show you that when we come back. i like liberty mutual.
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click, call or visit a store today. melissa: "fox business alert." alphabet falling after-hours after reporting slowest revenue growth in five years, missing all street estimates at a time google's rivals topped expectations. this was the first earnings report since cofounders larry page and sergey brin stepped
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down from leadership. connell: that's right, first time with with sundai in charge. the democratic contenders have been quite busy as you suspect, spending the weekend to make their final pitch to voters and we did our best to keep up with them. so we have a busy day on the campaign trail ahead of us, a number of events. we'll start it off with former vice president joe biden. [cheers and applause] >> 100% biden. connell: tell us why. >> biden can get things done. biden has experience. he has been around. he was vice president. he is very knowledgeable. >> i am making up my mind. it is a tough decision. connell: you said you feel like you almost belonged here. what do you mean by that. >> i haven't committed to joe. connell: this event looks more crowded than the first. they're packing into a high school gym in iowa city to see senator elizabeth warren. [cheers and applause]
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>> yes. connell: we were at vice president biden's event, a number of voters said they're undecided. tell us. >> i'm not undecided. i stood with elizabeth since she stood on the senate floor and persisted. >> people are trying to copy some of their plans. they don't have the stamina and organization to make those plans a reality. connell: we're now at a bernie sanders rally in cedar rapids. this is definitely the loudest, most enthusiastic, youngest crowd we've seen so far. [cheering] >> finding someone that i find trustworthy in politics that is something i didn't think would happen. connell: there has been a lot of talk amongst us in the media, that he has momentum. you're never sure. do you feel it, enthusiasm? >> definitely. i mean, a good place to look at social media. i have seen all of my friend talk about hot girls for bernie. hot boys for bernie.
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connell: almost time to caucus for iowa voters. we're squeezing in one more political event. we're in des moines with mayor pete buttigieg. >> usa. usa. >> you know pete brings a discipline, and character to the campaign. >> most disciplined candidate. >> i think anytime the democratic party's play is safe we've lost. connell: that gives you you a sense what the voters will be thinking about this evening. moments from now we'll speak with "special report" anchor bret baier what he is expecting in in the caucuses. speak of caucuses what is a caucus anyway? later in the show we'll talk to you about what is happening here. melissa, what else. melissa: boy you have been busy. the only major candidate not in iowa, mike bloomberg unveils his 5 trillion-dollar tax plan. doesn't that sound great? what it means for you and your
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melissa: presidential message. president trump delivers the state of the union tomorrow night at 8:00. dan henninger join us from "the wall street journal" and also a fox news contributor. i don't know how much political news we jam in one week. we have the caucus, more on impeachment. then the president will give his state of the union. i know you will watch nancy pelosi over the president's shoulder during the state of the union. >> can't wait. melissa: what else will you be looking for? >> the white house is putting out this will be a state of the union speech dedicated to the president's accomplishments. you know, las vegas, bookmakers have to take odds whether or not the president at some point reps in to the democrats and nancy pelosi over the impeachment. and, my guess is that he well
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not. that he will really will rise above it to talk about his accomplishments. keep in mind, democrats, especially with the impeachment are trying to run against donald trump head of the evil empire, rather than donald trump the 45th president of the united states who in fact is doing things while he is in office. while they want to run against the evil empire, president trump will stand up there describe a president who has been at work the past three years. melissa: in the past when they tried he will say record low african-american unemployment. they will try not to clap. how are you not clapping for that? seems like it is a good thing for a constituency that you claim to represent. it will be interesting to see their reaction. how much, i mean he will talk about the economy. what else do you think he will hit on? >> i think he will talk about the economy. he will talk about jobs indeed, extraordinarily tight jobs market. what it has done for people.
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i think he will talk about deregulation of energy, health care, contributions, that deregulation have made to the stronger economy. he is probably going to talk about subject of his ad during the super bowl. melissa: yeah. >> people who are in jail, in prison, have been let out, their sentences reduced. probably will talk about immigration, the wall. he will certainly talk about the trade deal, phase one trade deal with china and with mexico and canada. i mean it will be a long list of things i believe addp to a president who has been at work doing real things, contrary to the impeachment proceedings given the impression. melissa: in spite of how much democrats tried to start him. meanwhile targeting the rich. michael bloomberg unveiling a five trillion dollar plan aimed at corporations and wealthy americans. the proposal would impose a 5% tax on incomes over five million dollars a year and reverse president trump's tax cuts. this is not the mike bloomberg
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we knew here in new york city. now he really wants to punish people who make money. >> precisely the point, melissa, this is big reality check for a lot of people, who you do run into individuals who say they want to stop after four years of donald trump. maybe they can get off that train. mike bloomberg would be an alternative. look, mike bloomberg's tax plan suggests extent to which left-wing ideology has taken over the democratic party. he himself is calling it, quote, unquote, progressive tax plan. this is only the opening bid. raising taxes on the rich, capital gains to ordinary tax rates, lowering threshold on estate taxes, if democrats gain in congress at all they will increase the taxation that mike bloomberg is proposing. melissa: yeah. >> i would add one more thing. climate change is one of mike's big issues. sitting behind climate change is likelihood of a carbon tax. add a carbon stocks what he is
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proposing, talking about a lot of new taxation. melissa: yeah. i think we'll leave the country, dan. thank you. back to connell in iowa. connell: thank you, melissa. joined by "special report" anchor bret baier in des moines. like me i know you spent your weekend out to candidates talking to voters. anything stand out to but the caucuses? >> i love the caucuses because they take it very seriously. amazing how many people are undecided between two candidates heading into the caucus to the point somebody could say, hey, come over to my side and it really makes a difference. precinct captains being able to persuade people. that is why the ground game is so important to me. the other striking thing, ground game of bernie sanders how that may blow up the democratic party establishment's plan. connell: it is unbelievable. we were at the rally in cedar rapids last night --
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melissa: all right. clearly we're having a problem with the signal there. bret and connell, we'll try to get back to them as soon as we can. meantime "fox business alert." alphabet down on a revenue miss. let's go back to susan li who just got off the phone with the company's cfo, susan. >> we asked her about the revenue miss. it is the slowest revenue growth in five years. that es the reason the stock is falling close to 5%. she said in regard to that, look, tougher comparison last year. last year we made $40 billion worth of sales. tough to come of off of that too much. i asked her about antitrust regulation and fighting antitrust and whether or not that will increase her costs and alphabet's costs in the future. to that we've been investing support operational excellence. things like investing support all that we're doing, all the work that we do around privacy, data, trust, safety. overall she says it was a strong quarter in her view.
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don't forget to listen to sun sr pichai, the outlook and how it looks going forward. melissa: susan li, thank you very much. buyer beware, at least if you're a vegan ordering at burger contending. we'll tell you how the chain is defending itself against meatless mania. more from iowa. connell are you there now? no he is not. we're going to work on that. we'll be right back.
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connell: back here in iowa with our special coverage of the caucuses. bret baier still with us. >> so rudely interrupted by our connection. connell: live tv gremlins got to us a little bit. talking about bernie sanders. there is a lot of energy around this campaign. whatever you think of bernie sanders. he has energy, enthusiasm, young voters. >> i went to sanders warren, biden, buttigieg. sanders is the most enthusiastic. i really thought biden close, i just didn't think it was effective. connell: tell you one thing as an observation. i was at an biden event john kerry was there he spoke after biden i saw strange. a number of people on way out that kerry overshadowed biden. that is not a good seen. >> especially of the story because they came out and turned back. i honestly think sanders has a good chance because of the organization and how much it
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means from a place like iowa. watch out for elizabeth warren. she has a great ground game. what happens here will tickdictate how the race goes forward. and imagine if bernie sanders wins here and new hampshire, sets up rest of the field, anything can go on. connell: sander was talking about boom berg's candidacy a few minutes ago. if that scenario plays out, the bloomberg campaign has to say that gives us the best shot. >> we haven't seen mike bloomberg on the debate stage. he will soon be in nevada we're told. i think with the money he is putting in, trump people look at him as a real potential threat. connell: that is interesting. tonight, you watch this one, whether it is bret's special coverage or neil cavuto. >> tape one. connell: i don't want to say, see it either way it is a little strange this time in iowa with the three results coming out. can you briefly explain that.
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how you guys handle it. perception can be reality in iowa. someone claims victory. not winner on final vote, that could change things. >> think about rick santorum who in reality won here, it took a few days. mitt romney left as the winner but rick santorum won. this goes back to the demonstrates, bernie sanders and hillary clinton. sanders people said we won. we don't have the raw vote. we'll see if we have it. you get three different alignments you call them. one is popular vote. one is after the realign the caucus. the other one is the delegate number. connell: which is truly the winner, the last one. >> you know what would be beautiful from a political nerd? connell: yeah. i knew you were going to say that. >> contested convention. what could be better if. connell: we've been looking at that one for years. thanks for hanging with us my friend. bret baier here in iowa. as we continue from here, this
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area has been hopping to put it mildly in days leading up to caucuses this evening. we found out visiting local businesses in person. they're soaking up, cashing in on all this extra attention. >> once every four years des moines is the epicenter of the political world. we love it. connell: teddy is a hit. although it is one of restaurateur chris's newer restaurants in des moines -- >> we'll need limes, lemons. connell: he is no stranger to the earnings explosion that caucus years can bring. >> our national pastime as it were, to be first-in-the-nation. we take that seriously. connell: he expect as 10 to 15% bump in sales at his second restaurant, bubbas. >> really a fun time to be here. it is a great boost for our january here in iowa once every four years. [cheering] connell: ordinarily politics is a topic most people avoid at the table. >> i actually believe in the
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constitution. [cheering] connell: but he doesn't play sides. >> that's why i'm in this fight. connell: we have been doing debate watching parties throughout the season. having a safe place you know you can come to enjoy a debate watch without feeling pressure from any one campaign i think is important. >> des moines is a cool city. connell: he knows a thing or two. he is president and ceo of catch des moiness which supports local business. >> just the week of caucuses they will bring in revenues to the tune of 11 million plus dollars. connell: no secret when the caucus comes to town, the dollars follow. >> if you look at non-caucus year, to a caucus year, there is 13, 14% difference in occupancy levels. connell: savvy business owners know how to take advantage of this once every four years opportunity. >> they budget, jr. foyt. especially from the hotel side
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of things and restaurant side of things. connell: >> having something like this keeps our hospitality folks engaged in the business longer because it helps during slower periods. connell: during the slower periods local merchants can take advantage of pop-up shops. according to city rules, only those affiliated with a local brick-and-mortar business can profit from this. >> because of caucus business we're keeping up with holiday levels of demands. connell: our next guest certainly has been able to take advantage of this increased demand that you heard about there. mike draper owns and operates a local t-shirt shot everyone talks about. it is called ray gun. this is quirky catch phrases. >> that is kind of our specialty. connell: words on things is better described. everyone knows ray gun. that is the place i visit in des moines. a lot of people here. you're taking advantage of all
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this extra busy would expect. >> oh, yeah. this is obviously a huge time of year for us. this will be our fourth caucus. we started in '05. our first one was 08, 12, 16, 20. it gets better every single year. connell: tell me your personal story because i love it. we talk to business owners, everybody has a unique story. you are selling t-shirts on the street. tell us about it. >> i grew up in des moines, pretty spent, 0-18 year. went to u penn. graduated. i got rejected for master's fellowship. started selling. shirt on campus as absolutely nobody with no life plan does. started enjoying it. started selling t-shirts on boston, new york. i would sell t-shirts on the street. what are you doing? is this during college. >> i graduated. you went to penn. selling t-shirts on the street. i studied history.
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that makes sense. connell: very good. >> a friend suggested i start a store in des moines. you get some good advice at right place, right time. i moved back home, opened in '05. connell: how do you come up with the things. america needs journalists we agree with that. some is offbeat. you have to come to iowa every four years to be president. do you come up with a lot of ideas. >> what started as just me. i was only employee first two years. i opened the store. closed the store. rang up every sale. unclogged the toilet after you clogged up the toilet. you know who you are. it has grown to six stores. 100 people. there is lot more than just us. a team of us work on designing. anything from local commentary to events to obviously we have a store in kansas city. today is almost entirely chiefs related. connell: i bet. >> similar to a media company. what we do is dictated what is going on. if something is trending we'll
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make a surety about it. design it, print it. we do our own production. connell: a lot of campaign events, wearing raygun shirts. you're making something out of it. good luck. >> thanks. have a good time here. connell: we'll all be out of your way next week. >> i will miss you. connell: back to melissa now in new york. melissa: thanks so much for that. alphabet down after-hours following the lowest fourth quarter revenue growth in five years. we're getting details how the coronavirus will impact its business. go back to susan li with more on that. >> ruth porat also mentioned that hardware products, sale of pixel phone, pixel books, google homes, could be impacted if the coronavirus is protracted. we know google already shut shut down their china offices. consumer sales might be hurt. now we also just heard from ruth porat comes to breaking out of businesses. now going forward for the first time ever, alphabet and google history. they're giving us details on
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youtube, cloud and search. she says this additional revenue data we disclosed is the mows recent expansion we think is the most relevant incremental data to give insight into the overall business. alphabet is trillion dollar company. crossed that mark by $1500 apiece for the stock price. when it gets so complex with some businesses, alphabet doing something different under new leadership of the sundar pichai. melissa: susan, thank you for that. call this is a nut at this competition. baby yoda is facing a new challenger. whose side are you on? we'll break down the details next. i love them both. [ fast-paced drumming ]
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[ fast-paced drumming ]
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melissa: it is a battle of the babies. planters ad during the super bowl immediately drew comparisons to baby yoda. watch this. >> what is this. >> babiness? [making dolphin noises] >> just kidding. i'm back. melissa: planters calls him, baby nut. he is supposed to be reincarnation of mr. peanut of course killed off last month after spending a century as planters mascot. does baby nut have what it takes
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to do the planners magic? we were watching the super bowl at my house. my kids went bananas over baby peanut. they all loved baby peanut. social media, kind of a mixed reaction. >> your kids went bananas. the social media went nuts. i like baby yoda. this is knock-off version. this is a family show why baby nut is a really bad hashtag which it is. when despite all the outrage how many times planners peanuts got so much attention. outrage is business model, very effective one. doesn't matter if love him or hate him. we are talking about him. melissa: look at similarity in the eyes there. it is kind of a rip off. kind of amazing, baby yoda has been so hot. something old, something new.
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nordstrom is launching a secondhand clothing program. you can drop off the used clothes, in exchange for a gift ca obuy used clothes for yourself. they're not the first ones to d this. urban outfitters recently launched a similar program. it is interesting approach. they're doing it under the guise of the environment. people saying, buy more clothes. it is bad for the planet. we should be reusing. what is interesting, if somebody else buys your clothes get paid in nordstrom gift card the way i understood the program. it is pretty funny. they're getting you to shop there anyways. what are your thoughts? >> this is clever way to capture the customer. if you think what is working for nordstrom and other retailers this is the off priced brands. the way to appeal to the younger consumer. we care about the environment, we're sustainable. that gift card piece you mentioned, that is the magic. you get paid in gift cards.
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you have to go back in the store. you know what happens, you forget about them or get the breakage or buy more and spend more money. this is pretty clever trial program. i wish i would have known about it before i cleaned my closet, melissa. melissa: that is also smart because they sell you stuff that is imperfect. a way to get rid of some of their merchandise. macy's hopping on a retail trend, opening up a pop up retail clinic. it has a cafe inside. it is themed. the idea for people to go to the store it has to be an experience. it has to be a destination. you have to go there for other than a reason because you need a new pair of jeans. what do you think? >> experiences are something a trend in retail. something i wrote about five or 10 years ago. unfortunately macy's didn't take the hint then. it is one of those brands doesn't really have a reason for
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being. it is not a value retailer. it is not something special you can't get anywhere else. so i think it is smart they're going in the experiences direction. that being said, they're talking about booedty, hair care, cafe, it doesn't seem to have a clear value proposition. i'm not sure this is the right experience but i certainly think macy's needs to do something and experiences is the right way to do it. melissa: last but not leesburger king defending itself in a class-action lawsuit that says that the impossible whoppers are contaminated by meat. the fast-food chain said they never promised the plant-based burgers were vegan. the customers should have known, if they had done the smallest amount of investigation. i love this. i think the whole impossible thing is kind of ridiculous. i mean, there is meat all around it. now we're saying we never said it was vegan. >> the name is called burger king. there is no investigation needed. all you need to look at the sign
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to know this is a place that sells burgers. that is what they're known for. if you want plant-based food, maybe don't go to the king ever burgers to get it. this is absolutely ludicrous. i hope they get fined in some way for bringing a stupid lawsuit. obviously this is this is no not the place surveying all vegan diet next to some meat. melissa: i think they should get fined for eating a giant piece of carbohydrate with a ton of sodium. not healthy in any way. >> you and i are team burger all the way, melissa. melissa: have a vegetable. have a salad. if you don't want to have meat, you don't need this weird, fake, don't get me started. too late. carol, thank you. the bets go to indiana becoming the second state to legalize gambling on this year's oscars. so who should we put the money on? who better to ask than our own movie buff who knows every piece of movie trivia ever, david
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asman. >> well, you know, my problem is, is that i don't know what makes the academy people think. melissa: that's true. >> kind of like the nobel peace prize. melissa: right. >> once they gave it to yasser arafat all bet were off. not that the academy award is as bad as the nobel peace prize pickers, i sort of given up trying to figure out how they come to the conclusion. odds on favorite for best picture, ""1917"." i am dying to see it. if you put down $100 are you end up winning 143 bucks. it is the favorite. some of these bets, joaquin phoenix for the "joker." if you put $100 on him to win best actor, you only get $103. you can bet on little things, who was the es editor and screenplay writer, thinks like
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that, that don't get all the attention. those can bring you better winning odds than best picture. that sort of thing. melissa: what can bring you even better odds for almost anything is watching "bulls & bears" tonight. who do you have? >> god bless you. i have congressman ken buck on. president said speaker pelosi totally lost the control of to the left-wing of her party. they are totally in control. we'll ask ken buck what the president thinks about that. melissa: david, thank you. now back to connell in des moines. connell: we have much more coming up from iowa, melissa. the end of the beginning or beginning of the end? the iowa caucuses starting a little over three hours from now. what is a caucus anyway? other people in other parts of the country have that question. we will break down the process when we come back. ♪.
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connell: the iowa caucuses could use some explaining, the process can be complicated, we stopped by the state historic museum of iowa we spoke with the communication manager there about how it works. >> people show up at a designated time, they write their first choice on a piece of paper, a bucket goes around, you put your choice into that bucket, easy, peasy, democrat is more messier and fun to wash. -- watch, they separate into corners or designated spaces, here is the go over to this corner, if you support sanders or this corner for warren and so
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it, you divide, then they count up, who is in -- how many people in each corner. there has to be at least 15% support among the people at that site for a candidate to be viable. connell: then if there is not? >> so for example, if there were 100 people at a caucus site, a candidate has to have 15 people support, if not, those candidates are declared nonviable and people who are is supported them are now up for grabs, so they have to move to their second choice. connell: we could with along night ahead of us, not out of question, have you one candidate, said, i won. but then they do not etch has 15%. -- not everyone has 15%, they go back and forth, a second preference, then delegate count,
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point is. be prepared to be confused later on, as mike a michael said, i gs it's fun to watch. melissa: what is the buzz like there? here, it seems like everywhere that is not there, people think that bernie will win. they are kind of freaking out about it. connell: certainly, in the establishment of the democratic party say are, many on wall street are, i get that. buzz is similar, i referenced that bernie sanders rally in cedar rapids saturday night, there was a band, vampire weekend was performing there, but there was a real buzz, you go to other candidates, there is excitement but you go to bernie rally you feel it don't underestimate the important of crowd side, buzz and excitement, for what it's worth he has it. melissa: fascinating to watch,
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some people say this is undem dramatic, i love the -- undemocratic, i love the democratic caucus in iowa it is fascinating. "bulls and bears" starts right now. >> shares of google parent company alphabet dropping after hours, the numbers you need to know coming up, but first to other top story. we are just a few hours away from the kickoff to the first major contest in the 2020 democrat presidential race, the first in the nation voters preparing to caucus in iowa. there is word that new rule changes could create chaos. and we're just moments away from brand-new voter annal sit -- ans from the iowa caulk yous, we're glad you can join us, this is "bulls and bears," i am david

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