tv The Claman Countdown FOX Business February 17, 2020 3:00pm-4:01pm EST
right now. it is hard to justify the market popping even further. we've got to deliver on what we're promising over the next year. charles: erin, thank you very much for coming in. we appreciate it. kristina partsinevelos is in for liz claman. i'm looking forward to the show today. >> you're great, charles. i really like you. charles: thank you. [laughter] >> i will see you around. charles: okay. >> our offices are on the same floor if anybody wants to know. breaking news, the state department tracking the condition of 260 americans who are in japan and cambodia. this comes as hundreds more escape a cruise ship infected with the deadly coronavirus. the outbreak showing no signs of stopping, but how badly will it hit the cruise line industrys? the man known as the cruise guy here exclusively with his threat assessment. and american chipmakers facing a new threat as phase one of the china trade deal kicks in. the commerce department considering a plan to block any semiconductors that could be used in huawei products. we go straight to the white house for more details. meanwhile, the china trade deal was supposed to help solve many of the problems of the american
farmer, but one man joins us exclusively to tell us about a unique new challenge that could hurt his new mexico farm. plus 2020 candidates zero in on nevada, president's day, car sales, and mark zuckerberg's latest push for tech regulation. we're less than an hour to the closing bell. i'm kristina partsinevelos in for liz claman. let's start "the claman countdown". i got a little excited there. actually 25 hours away from closing bell because everyone else is on vacation. we're here working for you all. the competition is closed. the u.s. markets ma i be closed but let -- the u.s. markets may be closed let's take a look at the global markets. nikkei slipping after japan's government reporting the economy contracted 6.4% annually last quarter. that means that japan could be
heading for a technical recession. the hang sang climbed slightly. the central bank announced measures to help support the economy during the coronavirus crisis. equities edging slightly higher today in europe. analysts are also expecting european companies to deliver positive earnings for share growth for the fourth quarter for the first time in a year. you can see them all in the green across the board, but german firms, that's what we will focus on now, coming out swinging against 265 million dollars fine they received over the weekend. a court awarding the huge fine to a u.s. peach farmer who said the weed killer drifted into his orchids from a nearby farm and destroyed his entire crop. this is the first of 140 cases against bayer. in a statement bayer said it disagrees with the verdict and plans to swiftly appeal the
decision. we've got another troubled retailer. it seems -- i guess the retail apocalypse is true. pier one imports has filed for chapter 11. the home furnishing and decor chain says it plans to sell the company through the bankruptcy process and is already in talks with potential acquirers. shares are down more than 80% over the last year. and place your bets, the macau casinos are preparing to reopen this coming thursday, after being closed for 15 days over fears of the spread of the coronavirus. while the casinos can reopen on february 20th, there will be some caveats that haven't been specified just yet. there's an estimate that the crisis could wipe out 3.3 billion dollars in cash flow for the six major macau casinos. we do have some more breaking news that the state department is revealing over the last hour or so, that 14 american citizens tested positive for the coronavirus, and they're being
moved to omaha, nebraska. they arrived on american soil early this morning along with more than 300 others after being quarantined for weeks on a cruise ship in japan. you've got state department officials also confirming they are tracking the condition of 60 u.s. citizens in japan and 200 more in cambodia, including 92 who are already quarantined on a cruise ship there. let's go to fox news channel's claudia cowan who is on the ground at the travis air force base in fairfield, california. claudia, can you give us just what's the latest right now? >> well, as you mentioned, the numbers are growing, and it's a fluid situation. you're right, we are at travis air force base, about an hour and a half north of san francisco. this is where the first of these two overnight charter flights landed right around midnight. the second one landed a short time later, a few hours later in san antonio, texas. but this rescue mission did not exactly go according to plan. and both of these flights ended up then going on to as you mentioned omaha, nebraska,
because that is where some of these high risk patients, we understand 14 of these passengers have tested positive for the coronavirus are now getting special treatment at the university of nebraska medical center. now, it wasn't discovered that these people even had the virus until the whole group, about 340 people were already headed to the airport in japan. according to the state department, the newly infected were kept isolated on the aircraft and to make sure the virus doesn't spread anymore, everyone else will begin a new 14-day quarantine period on the base here and in texas. now, it is still unclear why the diamond princess became a so-called hot spot for this coronavirus. at least 44 americans have tested positive and are being treated at hospitals in japan. several others have chosen to stay on board that ship and finish out the original quarantine there, which is set to end in a matter of days. but it is unclear when those folks will get the all-clear to return home. it may not be until early march. and now we have another cruise
ship to worry about. after an 83-year-old woman tested positive for the virus, after getting off a holland america ship in cambodia and flying on to malaysia, officials in cambodia had welcomed the ship after five other asian nations had turned it away after fears that the coronavirus could spread. passengers and crew from this other cruise ship are being tested and carefully monitored. more than 2200 people, kristina. we understand this elderly american woman, again, 83 years old is listed in stable condition at a hospital in malaysia. back to you. >> claudia, i have a quick question regarding those 14 americans that came home early. they were supposed to stay on that japanese cruise ship until february 19th. was there a reason why they were brought back early and then the fact they have to be quarantined again? do you know anything about that? >> well, from what we understand, these 14 people were not identified as being positive for the virus. >> okay. >> until after they had boarded
the buses, and the whole group of more than 300 people was headed to the airport. why at that point they were allowed to continue on with the evacuation remains unknown at this time, a big question for the cdc and the state department, though. >> great reporting, thank you, claudia. we got to move on to our next guest, just returned from a cruise vacation yesterday and was aboard the re gal princess cruise celebrating valentine's day week with a ship full of well, you know, joyous, happy, go lucky passengers all with the knowledge of the coronavirus. a travel expert known as the cruise guy is joining us live exclusively from miami, florida. thank you. you made it out -- i shouldn't joke about that. you made it out. you are in good health. what was the sentiment on the ship given that so many people knew that this was going on and yet you guys all went for this valentine's day love fest? >> i would tell you that there was a lot of people -- there were a lot of conversations. people are very confident about cruising, and they understand
that these events happen, although in southeast asia, are very different than what is going on here on cruises, let's say, into the caribbean or planning to go to alaska or europe or even hawaii, that you know, the cruise lines are very confident that the cruise lines are doing everything possible to protect the ships, protect the passengers, and ensuring our safety. i had a lot of people before i got on saying are you going on the cruise -- still going on the cruise knowing what you're knowing? and i said absolutely. look, i've been on plenty of cruises where there may have been noro virus. i wash my hands with soap and water and limit your person-to-person contact. i'm going on my vacation. >> was there anything specific that the cruise did? you said they took different measures. did you notice anything? i know our viewers are watching and maybe some of them have some cruises booked in the near future. they reassured that the cruises are doing something different to protect? >> well, right now there are elevated security measures. the cruise lines are not
allowing passengers with china, macau or hong kong passengers who have been there within the last 14 days to board any of their ships. there's medical screenings that are going on. they are checking people's temperatures. if you're sweating or you look ill, you may be selected for secondary medical checking. they're doing everything that they can before you get on the ship to ensure that you're protected and that they are not going to want to obviously affect the ship. medical teams on board the ships are, you know, readily available, and as, you know, there could be different protocols enacted, where the crew may not allow you to touch the buffets. there may not be bread bowls, so crewmembers may be the ones assisting you with these things, but what they do is they limit the people to people contact. >> your livelihood -- you focus on the cruises. you patent the cruise guy; right? >> yeah. >> you have a website too. you have these weekly deals. have you noticed just a change in bookings, like a drop-off
maybe because people are scared? >> i mean there contends to be some hiccups, what it does is creates pent up demand. so people are watching the news, learning what's going on, and then they will turn around and make their bookings because right now it is not impacting bookings that are non -- i mean, they are not impacting anything that's non-southeast asia related. so those sailings in fact, you know, you have royal caribbean repositioning ships away from china, they are going to go to australia and over to california to begin certain sailings earlier than planned. so there's different measures and different plans that are being enacted to get the ships out of those regions, but i can only tell you having just been on a ship, there was nobody worried. nobody cancelled. the ship was full. when we were in port, we were in ochos rios, grand cayman and
cozumel, mexico. >> i see you are optimistic about this. this could really destroy the brand of cruise ships going forward. you are on the same ship for a short amount of time. you are in close vicinity of each other. you can spread germs very quickly. is there not a fear that this could hurt cruise bookings in the near to medium term future? >> well, it certainly could. but i can only tell you that, you know, the cruise lines have con ten gin se plans. >> -- contingency plans. first of all, some of these ships are huge. they can -- they are big. people need to wash their hands frequently, limit their person-to-person action, but the fear that these events could metastasize, and that's why these measures are being enacted now to protect the passengers. >> can i just get you to tell us
why you were on this love boat and what happened? because there's a guinness world record. tell us real quickly. >> sure, real quick. this is the love beat. so the captain was on board to officiate. princess is known for love, and because this was valentine's day week, they were going after the guinness world record for most wedding vow renewals which i think it was 1443 couples were certified by guinness to be participating. it was actually on three ships, the re gal, the crown, and royal princess, and it was a lot of fun, and a lot of people participated. again, in very good spirits, knowing full well that, you know, the coronavirus was out there on another ship, on the other side of the world. >> uh-huh. >> you know, all i can tell you is it was really nice to see the actress who played vicki on the love boat were there. it was quite a festive
experience. >> i can only imagine. the picture did show a lot of people there. thank you very much for joining us. >> my pleasure. shifting now to general motors operations, the american automaker sending its australia and new zealand business to the junkyard. it will take a 1.1 billion dollars charge as its right hand drive australian brand is scrapped. also part of gm's restructuring of its international operations to exit unprofitable markets. it will also sell a thai plant to china's great wall. we have gm at the close on friday, 1 1/2 percentage point lower. here in the united states, it is a great time to buy a car, as president's day brings big sales. we take you straight to the lots when "the claman countdown" comes right back. stay tuned. tude of countries, where we get to know the people that drive a company's growth and gain new perspectives. that's why we go beyond the numbers.
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>> with most americans celebrating president's day with a three-day weekend, car dealerships are rolling out lucrative incentives for perspective buyers throughout the holiday weekend. last month the average dealer discount was above $4,000 for the first time ever, this is according to to jd power and lmc
automotive. so just how good are those deals being offered by car dealerships, and is now the month of february the right time to buy? grady trimble is live from a toyota dealership in illinois. grady, can you tell me what the best deal is you have seen today. >> good question. this is a kor ro la which is on consumer reports best deals -- corolla which on consumer reports best deals. they are still trying to sell an older model. this is a 2019 toyota highlander. i will show you some other toyota deals offered at deep discounts including the avalon, corona and sienna. some deals outside of toyota, the gladiator, ford expedition, ram 1500 pickup, offered with 0% apr or rebates. in terms of the biggest sales month for dealerships in the holiday times, december is the
biggest, of course with christmas and those old model years they are trying to sell. then july, november. february doesn't even crack the top five, but the dealer here says incentives are just as good or better this month. >> a lot of people wait for the summer because it is better weather and they don't want to come out. if somebody needs a car, they will come out in february. >> they will get a better deal? >> they will get a better deal. >> auto sales are down compared to say five years ago. cars are getting more expensive, but as a result of that, dealers are offering more incentives than they ever have, like you mentioned, more than $4,000 in incentives last month. more than 4500 in december, according to jd power. kristina? >> grady, since you are there, i know the car dealership probably doesn't want you to admit this, but these deals are going to last throughout the month. it is not just this weekend; right? >> yes, and they were happy to tell me that. >> oh, okay. >> we're working today. a lot of people are working
today. they said we have these deals going on all month. i think the bottom line is, as long as you buy a car sometime in the next couple of weeks, you will be happy and still get that deal. >> it looks pretty quiet behind you right now, but maybe it is just where you are standing. >> it is rainy and snowy outside, so i'm glad to be inside. >> okay, grady, thank you very much, grady trimble, for your reporting, it was great. let's move on. up next, 2020 candidates making their pitches to the voters in nevada today ahead of this week's vote. election officials there trying to avoid of course the repeat of the tech breakdown that caused chaos in iowa. but one state is doubling down and you may soon be able to cast your vote from your smart phone. that story is straight ahead on "the claman countdown". president trump warned the drug companies.
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happening right now, you have got senator bernie sanders is expected to take the stage at a rally in richmond, california, in in amoment. -- in any moment. he isn't overlooking this week's nevada caucus. he is releasing a pair of new ads in the state as the state looks to avoid the technical problems that caused the chaos in iowa. nevada won't be using the same voting app as iowa, but another state is embracing a new form of technology. that's why we turn to brett larson in the fox business newsroom to tell us which state is going on this high-tech movement, i guess you could say, to help improvement the election process. break it down for us. >> yes, this is like a step above, you know, what you had to
fill out and feed them in the voting machine, that's most people's experience. the state of west virginia is using an app you can load on your smart phone that will allow you to vote. the app, we have to point out, this is the app, the app is not for everyone. they are actually targeting people with disabilities, who may have a hard time getting out to cast their ballots and makes total sense here are men and women in the service, in the military who are stationed overseas. the process is pretty complicated. you don't just download the app, put in your zip code and address and that's how you go about voting. you have to sign up for it, you have to be registered to vote using the app. it is a pretty robust process. it is going to use the biometric information on your phone so you can g et into the app. we talked to the secretary of state there in west virginia, who is actually a former army lieutenant colonel, and he found himself very frustrated when he was stationed overseas that he
couldn't always participate in the democratic process, which when you hear -- when i have to say that sentence out loud, it is a literally unnerving, the people who are literally fighting for our democracy don't always get to participate in it. that doesn't sound right. he came up with solution, the app. you don't have to find a polling place or drop your ballot in a postal service that may not exist in certain countries where some of our men and women are stationed overseas and also for seniors, disabled people, folks that maybe can't use their arms. maybe they have a hard time getting around. maybe they can't walk down to the post office and get a ballot to fill out. that's where this comes in handy. and another interesting thing to add, we're talking about election security. we saw the problem that they had with the iowa caucus. everyone's always concerned about security when we talk about things happening electronically. the secretary of state in west virginia said the risk versus the reward is really -- the risk
is so low on people being able to hack into your phone. the reward to let people participate in democracy is too high. >> don't you find we have already almost started to embrace the biometrics? credit card companies talking about using your hands to be be the official credit card. we use it with our apple phones to scan our face. >> yeah. >> do you think this is going to be the future? or do you feel based off your reporting and your research that security, the security flaws still aren't smoothed out yet when it comes to voting on your smart phone? >> you know, the security flaws are always the catch-all. that's always where everyone goes to and says what about security? what if you get hacked? what if this happens? >> uh-huh. >> there were some mit students who were able to get into a previous version of the app, but the secretary of state in west virginia said no, homeland security has checked this out. it is solid. again, they are only going to be able to change one vote, if they were even able to, they would have to get their hands on your phone. your phone would have to be
unlocked. they would have to get in and do your vote for you, but then it creates a paper trail for them to follow. it doesn't really seem as though it's that hackable. it is not like you are going to go on to a website and log in with your social security number or something that anybody could have access to and in bulk. >> really quickly, the two areas, they have already tested this out. which areas have already used electronic voting? >> they used it in kings county, in seattle, a local election there and also used it in denver, colorado, for some local elections >> the future is now. >> it is indeed. >> brett larson, thank you very much. >> thank you. up next, the phase one trade deal with china kicking into effect on friday as farmers across the nation have a unique new worry, america's strong economy. jay hill co owner of hill farms will tell us what's keeping him up at night when "the claman countdown" comes right back.
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to phase one, day four, and the honeymoon may already be over. the trump administration reportedly considering stopping deliveries to china of the jet engine developed by cfm international, a partnership between ge and france's safron. edward lawrence is at the white house right now with all of the details. edward? >> you know, kristina, from the chinese side of this phase one trade deal, the chinese are already starting to make big agriculture purchases in february. china's also offered now a legal shield to american companies in china because of the coronavirus so they woeb won't be responsible for loss of work or any damages related to coronavirus there. with all this economic goodwill, the u.s. is now considering tough rules related to sending technology to china. the commerce department looking at requiring special license to use equipment to make microchips
to send to huawei and other chinese companies, according to the "wall street journal." now, in a statement to fox business, the commerce department spokesperson says this, the department of commerce continues to follow its announced process of reviewing individual license applications and circulating them through the usual interagency process. if staff level unanimity is not achieved, the decision is then made at the secretarial level. it is assumed that all points of view have been considered and the u.s. national security concerns are balanced against corporal commercial interests -- or corporate commercial interests. all of this part of the new rules that the commerce department is trying to make limiting the amount of critical technology that goes to china and could be stolen or used for military purposes. along that front, also the "wall street journal" as you mentioned the jet engines reports that the u.s. considering not giving a license to cfm industries there, and they are the ones that make this jet engine, in part ge
makes part of those engines. now the concern there is that the chinese will take the engines and be able to take them apart and reverse engineer those engines, come up with how it's made and then use it for military applications. back to you. >> thank you edward lawrence at the white house. we have a strong economy that may not be good for everyone. farm bankruptcies up 20% last year reaching eight-year high. our next guest says strong dollar and higher minimum wage is hurting businesses like his sustainable farm in new mexico. co owner of hill farms and premium bags nongmo alfalfa joins us now. thank you very much for joining us. i want to talk about the strong economy. often on fox business we talk about how that is a great thing, we should be cheering that on. how is this potentially hurting your business? >> you know, one of the biggest things that we have to look at is with a strong economy, what does that do for global trade? as our dollar continues to
increase, what we see is people are not willing to go out and pay that premium for the american product. so as a farmer, we have to make sure that we're putting ourselves on a level playing field, which what we're seeing with phase one with china, we're grateful we are finally getting an even playing field, but at the same time with a strong economy, a foreign country's ability to come out and trade with the u.s. is really impacted. >> what about minimum wage? isn't that impacting your business as well given that -- especially now, so many democratic candidates are pushing to increase the minimum wage, bloomberg being one of them this weekend saying $15 per hour, so for you and your employees, i think you have about 100, right, how is the increase in minimum wage affecting your business? >> you know, if you look at increasing minimum wage, someone like bloomberg willing to go out and pay 55% more for whatever he wants to buy at the grocery store? is the end consumer in the u.s. willing to go out and pay for the increase in wage? on our farms we don't employ
anybody at minimum wage. we pride ourselves on that. we pride ourselves on the fact that we want to bring people that are willing and able that want to work and grow their own future and the future of our farm by surrounding ourselves with these great people. you know, we don't see the poverty level at our place in agriculture. but at the same time, when you look at people and say the best thing we can do is go out and spread $15 across the board, who is going to go out and make up the difference for what we're going to pay? it is far too long the misconceptions in agriculture that we will be able to continue to produce cheap food, cheap fuel and cheap fiber to feed the american economy, that's starting to go away. with the biggest thing with main -- with minimum wage, when you go to the grocery store and see my product and another product that's fraction the cost from another place. imports are stifling our ability to compete on a global market. >> what about subsidies, the government subsidies that have been given to if marmers across the -- to many farmers across the board to offset the decline
from the china trade war. how do you feel about that? how has it helped your business? >> the biggest thing we have got to do is we've got to key in to what truly drives the american ag economy. for far too long, we've sat here and had a poor poor pitiful me mentality instead of saying we need to surround ourselves with people who will bring industry back to the state. when was the last time you went to a retail store and bought a pair of jeans that were grown from cotton from my farm that milled at a mill in america that were sewn in america? we don't see that anymore. what we have done is we have created a system that creates a crutch or welfare system that makes us farmers having to fall back on instead of aligning ourselves with industry, become more profitable, bring jobs back to america, if you want make more money and don't deal with minimum wage and poverty levels then let's bring industry back to the united states. let's start looking at american made again that comes off our farms and ranches and depletes the needs and uses of subsidies.
>> how do you do that know when you have the china trade deal, the phase one that's slowly progressing and yet you're still waiting to reap the benefits of that. how do you bring it back here when things still aren't finalized? >> the biggest thing that i think kristina is we need to find that line in the sand. yes, solidifying things with china is great. but at the same time, i think we need to find the fine line that says there's a lot of third world countries that are starting to develop their ag programs, and we're going to be even less in demand for american made products. what we have to do now is instead of incentivizing ourself with an older player like china what we've got to do is incentivize ourselves to build that industry. we can compete. bloomberg talks about farmers not understanding technology, i would invite bloomberg to come out to our farm and see what we do day-to-day basis. the amount of technology we use on a day-to-day basis is unbelievable. the biggest thing about that is why can't we take that innovation we are using agriculture already and move that into industry and do something that will change the
future of blue-collar workers like myself for a positive? >> jay, you are wonderful. you took my last question because i was going to bring up the whole bloomberg commentary from 2016 and the fact that he said anyone can be taught to be a farmer. at my school, i was there for that conversation. so you're great. your insights are great. our audience appreciates it. jay hill, thank you very much. >> thank you very much. >> we have the world's richest man committing major bucks to combatting climate change. how much is jeff bezos donating to the cause? we will tell you when "the claman countdown" comes right back. i like liberty mutual. they get that no two people are alike and customize your car insurance so you only pay for what you need. what do you think? i don't see it. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪
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3, 2, 1, lift off. >> so cool to watch that. space x successfully launching its fifth batch of starling satellites into orbit earlier this morning from florida. the launch went smoothly. the landing didn't go as well. the falcon 9 booster was supposed to land on one of space x's drone ships named, this is the name, of course i still love you. about eight minutes after launch. i asked our team here in the control room to look that up and it has something to do with a sci-fi author, maybe some of our viewers can tweet at us to let us know. unfortunately, the booster made a soft landing in the ocean, not far from the ship. one fun fact, though, this is the fastest turn around for a space x booster. the one used this morning was launched just 63 days ago on another mission. and coming back down to earth, amazon founder and one of the world's richest men, jeff bezos is taking to instagram earlier
today to announce he's creating a 10 billion dollars to combat climate change. according to the announcement, the new bezos earth fund will finance scientists, activists, and any efforts that offers a real possibility to help preserve and protect the natural world. while bezos is already an investor in breakthrough energy ventures, bezos is starting the new fund from his personal wealth, which is about, you know, 130 billion dollars. the bezos earth fund will begin issuing grants starting this summer. so that's why we've got to bring in connell mcshane who is going to give us i guess your thoughts on this fund. do you feel like he's working in the best interest? or is this is just everybody y trying to catch up? we see a lot of banks talking about climate change, sustainability, now the wealthy guys are getting into. connell: he could probably start about 10 billion dollars to combat every major issue we face and still have a few dollars left over. if you have that kind of dough and you are going to use it to
do what you think is good, then more power to you. after the bell today, well, first of all, the show is misnamed. there will be no bell today. i don't want anybody to be disappointed. we will talk a lot of politics. no trading on wall street at the top of the hour. but we have a race in nevada that we will get into with all the democrats running. all these candidates you are looking at now are obviously in the running, but it looks like one other candidate who is not in even nevada's caucuses has a target on his back. we will talk about all the money mike bloomberg has been spending and whether or not he gets on this debate stage later in the week, whether these candidates can take him out. so bill mcgurk from the journal will join us. lauren simonetti is for melissa. we will see you at the top of the hour, after the bell. >> after the nonexistent bell. i was listening. thank you. up next tesla's german factory stopped in its tracks but today's countdown closer isn't afraid of that or any other black swans in the market.
find out where he thinks there's profits in fear. "the claman countdown" is coming right back. like you, my hands are everything to me. but i was diagnosed with dupuytren's contracture. and it got to the point where things i took for granted got tougher to do. thought surgery was my only option. turns out i was wrong. so when a hand specialist told me about nonsurgical treatments, it was a total game changer.
kristina: facebook founder mark zuckerberg spending his presidents' day in europe, speaking out for government regulation for big tech companies. the tech ceo also publishing an op-ed in "the financial times" sunday morning laying out his case saying the internet is a powerful force for economic and social empowerment but regulation can ensure it stays that way. susan li has more. >> talk about posting a picture on instagram confirming he was in brussels meeting with the european commissioners and ministers in charge of this new digital policy. there you go, mark zuckerberg looking very happy there. he was discussing artificial intelligence and how a.i. might be used in the future by companies in europe. there is a lot of talk about reforming the digital policy
being led by the competition minister who has been leading the charge when it comes to the multibillion dollars fines on u.s. tech firms. mark zuckerberg penning this open ed piece in financial times calling for more tech regulation. he says people need to feel that global platforms answer to somebody. regulation should hold companies accountable when they make mistakes. companies like facebook and like mine need better oversight when they make decisions which we're creating an independent oversight board to appeal facebook's decisions. that really needs to be outlined by the government so the onus on the government to define exactly what the rules look like. that comes to elections and also political ads and what exactly a political ad looks like, harmful content, privacy, data portability. but he also argues there are unintended consequences when it comes to tech regulation that might mean moating around the big companies giving advantage to large companies like the facebook, like alphabets,
googles and amazons who can afford to adhere to the complex rules and whereas smaller companies, maybe they don't have the capital to meet the stringent requirements in the future. some also see this as opportunistic as well since we know tech regulation, might be coming, most likely will and mark zuckerberg might be getting ahead of that joining his voice influencing what the rules look like. as for facebook and the stock itself, we're been talking about antitrust, privacy and regulation but the stock has been untouched. i would say it has been up 30% over the past year, adding more users since we saw that in the recent users. so has it really hurt the stock? some would say. no it hasn't. kristina: a quick question. this is 13-page document he presented and one of the lines in there they need to act globally rather than nationally. see how difficult for the united states and europe to come to terms creating regulations when it comes to privacy. do you really think all the internet companies and tech
companies could work together to come out with a global strategy? susan: we know alphabet ceo sundar pichai and apple's, and there are different rules across the atlantic and will the rules transfer globally as well since we know europe is more stringent when it comes to data protection with the gpr. that increases costs for the tech companies but by the way withdraw as lot of data they scrape off users which might eliminate ability to use profitable gains in the future. there has to be some sort of, i think they're arguing in the op-ed piece, that regulation needs to be globalized and standardized as well. kristina: susan li, thank you very much. some big players are set to report earnings this week. look at the screen. walmart, dish network, viacom and norwegian cruise lines.
our "countdown" closer says there may be another cruiser you should look at. we have steve dudash. thanks very much for joining us now. we saw, we see a lot of volatility on a daily basis, weekly basis, monthly basis. it seems to be riding on constant fear. how as investors how can we capitalize on those fears? >> we always preach, take advantage of motion aol overreactions. good and bad. you see a lot of good side with tesla. we think a lot of that is overreaction. on the bad side, a lot of corona fears will hurt markets and certain industries to a degree. a lot has been overreacted. we saw this with sars. we saw that with ebola. with ebola the markets are up 50% since that time. they got hit hard out of the gate. travel industry has been hit hard and airlines is overreaction. we have been saying this is
overreaction and use it to get lower prices. people will jump on airplanes that will not stop it. caribbean cruise liners that whole sector this is more than a short-term emotional reaction this ising more ingrained. when ebola came out there weren't cruise lines filled with people and patients in there. there is a fear that will not snap back over 24, 48, whatever, 9hours. this is one sector where we normally say jump in low. we think there is a lot more low to be had there. probably weeks if not months. we're personally looking at a six-month lag before we even look at that sector. keep that in mind for investors out there, we normally say buy the dips. i don't think this is the dip just yet. kristina: we teased the fact earnings are coming out. walmart is one of the big guys. we look for signs, previously about china trade. now we'll be looking for walmart to talk about their suppliers and how the virus will affect their business. what are you looking for?
>> i think walmart coming out this week is going to be the single most interesting piece of news that comes out. it won't be them talking about how they did over the holidays or whatever. it will be footnotes how they talk about the supply lines being affected in china. right now they're the canary in the coal mine big time. very few companies are integrated with their supply chain to the same degree like walmart is with china. i want to see what they really say is going on. there is a lot of reports say factories have been shut down over there. there is other reports oh by the way the factories are working. walmart will tell you the truth what happens. they won't say on the front line. people in the industry that will be fascinating what they have to say about it. that will be the best indication how the market will react moving forward next few weeks, months, with regards to the virus effects. kristina: bernie sanders is live at a rally. what are your thoughts given his rising popularity? you can see him on your screen. he is live. what this could mean for the
markets heading into the election time? >> you know, we don't get too much into the politics at this part. as you guys know that can swing back and forth a lot of different times. kristina: right. >> four years ago we were talking about bernie sanders too. that kind of dissolved. i don't think his policies might be the best for markets. i don't know if you see markets react negatively deeply right now based on preliminary, we only had what a couple weeks of primaries right now? kristina: exactly. >> there is a lot to shake out. let's have the conversation in three, four months. then we'll talk about how it affects the markets. kristina: i have a poignant question i hope you answer in ten minutes, 10 seconds. are markets overvalued? >> not a chance. not even close. there is a lot of fear of the unknown, the virus, election that hampered down prices. china trade thing kind of dissolved but really didn't resolve. our economy is doing about as well as it has ever been doing
with unemployment interest rates. barring major macro news happening in the world hard to see a situation where our economy cools down to any extreme. now listen -- kristina: we can't listen. five seconds left. have to let you go. you did really well. cut it down. steve dudash. thank you very much. connell mcshane and lauren simonetti pick it up. lauren: contagion fears. growing concerns about a global outbreak as 3,000 cruise ship passengers return home including 14 americans who believed to be healthy but were found infected before boarding a plane into the united states. good afternoon i'm lauren simonetti in for melissa francis. connell: good to have you, lauren. i'm connell mcshane. welcome to "after the bell." markets closed so no bell. but futures indicate we may get a higher open tomorrow morning. s&p and nasdaq closed in record territory on friday. we wait for tomorrow morning's opening bell and while we do so here is what is new at thi