Transcripts For FBC Varney Company 20240712

Postpandemic academy dominated by americas big tech companies. This friday morning, stocks are going up somewhere, can you believe that, we dont know how were going to close the session but the opening bell the dow will be up another triple digit, over 100 points, s p coming up a series of records of another nine this morning and the nasdaq made 39 records and moving higher again as of right now. That is the market, that is financial history, cue the fireworks, spectacular way to close out the republican convention, they lit up the sky over the white house after President Trump accepted the nomination for second term. It was a long speech, 70 minutes, the president made his pitch, vote for me and ill keep the streets safe and restore prosperity. Joe biden would ruin the country. You will hear it all, and then there is this, senator rand paul and his wife leaving the white house after the speech into an angry mob of demonstrators. That was intimidation that bordered the very close to real violence. Par for the course these days. We will hear a lot more about that. But sit back and watch a little more financial history unfold. Varney company is about to begin. I profoundly accept this nomination for president of the United States this election will decide whether we save the American Dream or whether we allow a socialist agenda to demolish our chairs destiny. How can the Democrat Party asked the lead our country when it spends so much time tearing down our country we will make america safer, we will make america stronger, prouder and we will make america greater than ever before. Stuart i kind of like that. I watched a few fireworks displays but never one that spelled out the numbers quite so clearly, wait for it, wait for, 2020 is spelled out, we missed it, we will get it the president lit up the night as he accepted the Republican Party nomination. He made it very clear, you are not voting for donald trump or joe biden, you are voting for safety versus violence, freedom versus chaos all one angry mob gathered outside the white house attacking Trump Supporters and even a u. S. Senator, we have a lot more on that coming up. Violence in the arena today, back to the market because you will like this, friday morning, green across the board come up over 100 for the dow, 28000, way above the level look who is here, market watcher david monson. Welcome back to the show, good to see you. Is President Trump speech good for the markets . I think the messages are very much in line for what the markets need to hear but what theyre ultimately going to respond to is where the leadership ends up being in washington, the hunted with the president ial race in the outcome of the senate, one of the big reasons i think the market did not selloff this summer when joe bidens lead in the polls started going higher is that the senate is still a bit . , markets ultimately dont have to worry about abiding presidency to the same degree if the republican told the senate. All of these crazy things about green new deals, big huge tax increases, those things will not happen if republican told the senate. I think the president hit a lot of big notes in the speech last night, the markets want a law order message but they want an Economic Growth message, theres so many . In the months ahead. Stuart the market wants a growth message and they got it last night, depending on the Election Results we will get tax cuts from the president. Thats what the market really likes here. I think the market lights the Corporate Tax cuts that we already got, not having to go away and then if there are going to be further tax cuts, particular to the middle class, the stimulative and also a message that voters would like, the thing that the president really has done in the first term that markets dont get enough attention rd regulatory efforts, and financials and energy, if he gets a second term, i expect more on the deregulation front even the tax cuts. Stuart its been a terrific week, im glad you are here to close out the week because i think really have seen some financial history made this week and i think we will see more this morning. We hope to see you back real soon. Thank you, sir. I am intrigued at the tiktok story, i want to bring susan in, its fascinating to see, look at that, walmart stock is up more, another big game, it looks like investors think that walmart gets a lot out of tiktok. Susan walmart the biggest is not the obvious suitor for a social Media Company with a lot of teenage use like tiktok but they are joining microsoft bid for tiktok confirming and explaining the tiktok would provide walmart with an important way for us to reach and serve on me channels customers as well as grow our thirdparty marketplace and advertising businesses, there is that yesterday, ecommerce selling advertising goods to tiktok users and it kinda makes sense and reports that walmart joined the bid after their initial alliance with Google Parents and alphabet fell apart, walmart is in an attractive partner because its an allamerican white house loves company they also share Common Threat when it comes to amazon and amazon and clogged and retail for walmart. Stuart demographics as well, tiktok is for very young people. If walmart gets a piece of that, there opening up a whole new demographic for demographic. Susan very attractive, why does this make sense, it should be 2e still going up, oracle is not out of the running just yet, microsoft, walmart oracle in the capital. Stuart i dont think its a prize its the fit, the fit with walmart and microsoft seems to be perfect. Lauren . Susan i think tiktok we up ownership entirely they want to retain something, maybe there is some way and, that could be attractive for them. Stuart we will have a deal fairly soon. Susan 48 hours. Stuart thank you susan, news from the virus, according to wall street journal, a wall Street Company is in talks for early approval of their virus vaccine, an executive at the biologics is asking countries to agree to distribute the vaccine before the final plays of the trail. If that happens itll be the first time the vaccine will be distributed before Clinical Trials are over. That is in the works there. Stay on the virus, lauren, abbott labs, up again, the government is buying the rapid test for a lot of money . Lauren this is on top of the 8 gain yesterday, the white house is buying 150 million of these abbott test for 750 million, why is this such a big deal, you get result in 15 minutes, it can be Game Changing for the reopening for schools, businesses, the cost of the test is 5, tens of millions of them will be mailed out in september and even more in october and that is one of the reasons why this big white house deal is losing in the stock price once again today. Stuart good virus news helps the market. Now to the storm that slammed the gulf coast, hurricane laura is now a tropical depression, it is still bringing in extreme weather and damage in its path, jeff flock is with us this morning and he is in lake charles louisiana, i see a big tree down right next to you. Take us through. The depression is here, a different kind of depression after all of the damage, this is just happening everywhere, we showed you some yesterday but its house after house after house. Heres the deal, we just heard the thunder, its going to rain again, this rare after hurricane blows the weather out but all the homes have been damaged, youre trying to now cut down trees and get power restored its going to rain and you can see it in the distance, this is powered down to everybody, we have almost 1 Million People at one point, three states out of power. As ive said, it is everywhere, trees littering the streets in the power of this is another thing is going to show you, another thing i want to show you, come over here. This is a telephone pole, electric power pole, just look what it did, this is fascinating. This wouldve been pushed by the hundred 50mile hour winds right above where it wouldve been in the power of the storm has been played out, ill leave you with this one which is maybe the biggest tree, that was an oak over on the house over there, there is so much work to be done here. I leave you with a positive no note, that is a total of six deaths, never good with anybody dies but this kind of power of a storm we only have six deaths, i think so but he was looking down from above. Stuart well said, we will be back you later pray thank you so much. Coming up i will talk to a storm chaser who is in the middle of things come he will join us next hour and tell us what did he see and avoid asking why in the earth do you do this. Take a look at disturbing video, that is the mob confronting kentucky senator rand paul will leaving the white house with his wife, he is thinking d. C. Police officers this morning for literally saving his life. They have no bounds here. Lets check futures again, were going to go up all across the board, look at that were just Getting Started this friday morning, its going to be a big show, stay there please. Or pull back . Change the plan or stay the course . Thats why Northern Trust is here. With specialized expertise. A history of success through every economic climate. And proven strategies rooted in data and analytics. Giving you more control. Clarity. And confidence. For now and whatevers next Northern Trust wealth management. Theyre going to be paying for this for a long time. They will, but with accident forgiveness allstate wont raise your rates just because of an accident, even if its your fault. Cut sonny. Was that good . Line the desert never lies. Isnt that what i said . No you were talking about allstate and insurance. I just. When i. Lets try again. Everybody back to one. Accident forgiveness from allstate. Click or call for a quote today. Accident forgiveness so you ready to hit the road . I dont know. Just get on your bike. And ride no you can adjust youriggest sacomfort on both sides. Eep your sleep number setting. Can it help me fall asleep faster . Yes, by gently warming your feet. But can it help keep me asleep . Absolutely, it intelligently senses your movements and automatically adjusts to keep you both effortlessly comfortable will it help me keep up with mom . You got this. So you can really promise better sleep . Not promise. Prove. And now, all beds are on sale. Save 50 on the sleep number 360 limited Edition Smart bed. Plus 0 interest for 60 months on all smart beds. Ends monday. Stuart i was starting with boeing, the stock is up even though boeing has found two manufacturing problems in the dream lineup, they alerted the airlines which are currently using eight of those effective planes told them to get them out of service, they said they told faa and they are reviewing the problem, the stock is up a dollar 39, 179 a share. Amazon ordering with 1800 delivery vans from mercedes, the allergic electric the other. Ms. Sadies is joining jeff bezos climate pledge to become completely Carbon Neutral by 2029. Amazon is up again. News from the Federal Reserve and could this move the market, edward lawrence, what do you have for me . The dallas Federal Reserve president robert believes we will see 4 gdp growth in 2021, he says were going to end this year with Unemployment Rate of about 8 , next year six and half percent, it will not be until 2022 that we get back to the record low Unemployment Rate, he believes the economic fundamentals are the same and he says we will come out of the recession at the end of this year. Ethic we will continue to grow, the only question is how fast, we think we will grow 20 plus annualized in the third quarter, 9 annualized in the fourth quarter, coming out of the deep trough of the second quarter, we will grow for the rest of this year end into next year. The only issue will be based on how we do with the virus. That is going to be the key, you know on your program, but larry kudlow gets called out for saying 3 gdp growth and now we have a fed president calling for 4 gdp growth next year. Back to you. Stuart dont call mr. Kaplan a liar peas. Lets see if it moves the market. While President Trump is about to make a speech last night protesters were already attacking a bus counting white house attendees, blocks from the white house, after the speech senator rand paul is sitting United States senator and his wife attacked by a mob right outside the white house and he was tried to walk to his hotel. Watch this amended. [shouting] stuart shocking, lets bring in senator john barrasso, this is getting out of hand. It is stuart, im glad randy and kelli that you are fine, very grateful the police were there to protect him from the mob. Remember the democrats have surrendered to the mob, we saw that last week at the Democratic Convention with the riding in the looting and the violence going on, joe biden said nothing about it, Kamala Harris said nothing about it, none of the speakers talked about it, we need to defend the police, not defunding the police, i think President Trump was right on last night, he had a strong message of law and order and we know if joe biden is elected president that they will funding for Law Enforcement in america and for all of our families whether senator or citizen, all across the country we will all be a lot less safe. Stuart i hate to see this thing in america these days. Shocking. Im going to move on Speaker Pelosi says joe biden should not debate President Trump, biden says yes i will debate him. Watch this please. I dont think there should be any debate, i would not legitimize a conversation with him. I understand nancys point of view, im used to dealing with police, i understand how they work and im going to go by the rules of the commission, play by the rules and were going to have a debate. Is that what you expect, free. Thats what im expecting. Stuart what do you make of th this. Joe biden has been hiding in the basement for 4 5 months, i hope he doesnt hide behind nancy pelosi on the issue of the debate, hes going to need to show up and debate and defend himself and explain to america why he wants to raise taxes by 4 trillion and how that can help an economy, that cannot. He will have to show up and explain why he thinks taxpayers auto pay for Health Insurance for Illegal Immigrants in taxpayers should not do that, he has a lot of explaining to do, his history and foreign policy, why hes been wrong on china year after year after year, the thing that i found interesting, he also said he is going to be the live fact checker during the debates, but there are times in joe biden, youve seen the videos where he does not know what day it is or what state he is in, im very much looking forward to the debate and hearing President Trump put forward a very optimistic view of america as he did last night in a growing economy, a Strong Healthy rebounding economy, joe biden wouldve seen from the Democrat Convention which is a very different side of america and its not aside that most people certainly living in wyoming and across the country want for our future. Stuart i will absolutely guarantee that the tv ratings for the first debate when and if it occurs is astronomical. Thank you for joining us. Good stuff. How about tesla, begin 64 higher, is not a new all high. I think so, all the electric carmakers are doing well. Susan that is the case, offer another chinese tesla, the ipo yesterday and riding along with the electric car boom ended the day on a first date of trade in new york of up over 50 and 15 a piece finishing over 23 and were up another 15 , this is closing in on a 20 billion evaluation and they only delivered 30 of the number of cars that tesla did in china, not bad if youre into the electric car boom emailers will share some shares in rain and some cash. Stuart theyre doing very well, up another 14 . Wait a second another cyber attack. Susan and attempted cyber attack, they said that tesla at the giga factory was a target of a serious Cyber Security attack orchestrated by Russian National whose plan was to cause damage in the internal Computer System by train to bribe in a play with a Million Dollars to put a bug into the system and then they would steal Sensitive Information from tesla and black militant buddy for money. The tesla employee did approach the fbi and after tesla itself, market cap over 420 billion, he loves that number, 420, reference to cannabis, thats a price that he said he would take it private. Stuart 420 is a reference of cannabis. Susan revelation on friday. Thank you susan. As we watch the market go up, im going to show you the futures, green across the board this friday morning, a fantastic week and as we go out, look at times square, still deserted, 9 23 a. M. On a friday morning, nobody there. We will be back. Introducing stocks by the slice from fidelity. 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Think your copd medicine is doing enough . Maybe you should think again. Ask your doctor about oncedaily trelegy and the power of 1, 2, 3. Trelegy, 1,2,3 woman save at trelegy. Com. They get that no two people are alike and customize your car trelegy, 1,2,3 insurance so you only pay for what you need. What do you think . I dont see it. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Stuart i think this is a huge story, walmart teaming up to go after tiktok, our next guest says it is walmarts way of taking on amazon. They are the front runners, look who is here, dan, this is a start on the wall street because its been so right. Walmart is a good fit with tiktok . I think it was the puzzle for the microsoft bid, and winning the cycle the next woody 4 48 hours it comes down to the commerce across pollination on the platform, you look at hundreds of millions of potential users, youd really enabled to go to an ecommerce perspective, toward the demographics and go up the kids to amazon, this would be a crown juul asset and its a very similar by stances done with the equivalent of tiktok in china. Stuart has a demographic as well, demographics is important in this. Very important, it would be qvc and how they can go after demographics. What walmart wanted, if you go to walmart and microsoft, it was a missing piece for the microsoft bid that comes back consumer strategy, you put it together and i think 35 to it could be hundreds of billions a new acquisition for microsoft, you see that in stocks and it warns his deal to happen for them. Stuart stay there, the quick question before the market opens, when you walk down the street, do people walk up and shake your hand because you made so much money for them . May be virtually. Stuart im just joking. It hits on a point that in this market so volatile and so many headwinds, and picture secular winners and stick to those, i think that has been the opportunity for those investors that is stuck to that strategy with big tech. Stuart i will shake your hand if you walk down my street. Please stay there i want your comments on the other big name stuff and just a moment. The bells are ringing, friday morning and we will see some green right after that bell as we start trading, here we go. It is august 28, friday morning, they are opening up on the dow 30, most of them are in the green, right from the start were up over 113 points, that is almost a half percentage point, wet 28600 right now. That is the dow 30, the s p, how many records is this, this will be the 19th new record high, 34 96 on s p and as for the nasdaq, this is the 39th 11687, up another 64 points better than a half percentage point. I guess tech is doing well again. Abbott labs, show me making a deal with the government, they are going to pay abbott 750 million for the rapid virus test, the stock is up 2 . Big tech, look at them all, its been a huge week, again this friday morning, every single one of them is up, microsoft, apple but, facebook in the green, one more time, walmart is up again in the market is open and its an alltime high kibo 139 on walmart up another couple bucks and with microsoft or tiktok. The electric car company come here we go, tesla up 49, excon up nearly three bucks at 13 . Dan, come on in. Is your target price for tesla really 3500 . That is our bull case. To meet it to scarcity value and if you look at what theyre doing in china, i think china is worth 400 500 per share and you have battery next month, the million mile battery, to profitability, with 35 potential earnings power, that right now is in the eating market, its teslas world and everyone else is paying rent. Stuart i understand that you are looking for 700 on apple, is that correct . That is our bull case, 600, or 12 month price target, thats another one over going to a super cycle. Stuart hold on is it 600 or 700. 700 is our bull case on apple, but i look at apple as a name where its a super cycle, i think its a once in a decade type super cycle for apple and you look with happen in china and you look at iphone, 5g, 350 million or 950 million iphones with an upgrade opportunity, its a real reading that continues to happen with apple and youve seen it 300 they hated, 400 they hated more, 500 despise it, i continue to see you as a stock that moves higher given what were seen in the market. Stuart you are indeed a star, anytime you want to graze out airways, come back and see us again. See you soon. Show me hewlettpackard, reporting strong earnings thanks to a lot of a working from home and homeschool him as well. People buy more computers old tech as i call it but it is a surprising trend, the consumers bought more pcs and personal computers and the work from home lockdown, after the school shots in Distance Learning now resulting in new laptops and pc sales, they shipped a record 18 million pcs and the march june quarter that was offset by weakness with your printer sales, but when it comes to cutting down on cost, they say for the foreseeable future, they will buy 1 billion in stock each and every quarter, that is a lot of money, the stock is down 40 so far this year and only worth 28 billion, at its height it was probably ten times more than that but that is a sign of the times. Stuart back in the day. All to the beauty company, lauren look at that stuff, up 10 . Online sales . Lauren no makeup needed to make the stock look good, what a jump, lets look at their numbers, strong earnings, online sales tripled more than the quarter, it services, this is a big deal, the salons and eyebrow shaping studios, they are mostly reopening and customers are turning to the experiences, i cant tell you how many people myself have said i cant wait to get my eyebrows done, we are going back to the services. Also good news, 17000 furloughed employees were brought back in if there is any damper here, i would say it is the fact that for the second half of the year they still expect covid expenses to be 35 40 million. Stuart amazing. I had a haircut yesterday and i think it was rather severe. Lauren i didnt know you own hair. Stuart 90 my eyebrows and two. The gap, lauren what do we got, there up a bit, whats the sto story. Lauren they were up more than that after the early to report. There is a quarterly loss, you cannot go outdoor with the revenue fell 18 but online sales almost doubled, samestore sales rose 13 but if you look at old navy a bright spot, 24 growth, 75 of old navy are not and shopping malls, their standalone, that is a positive for the company and they have the briand athletic that is doing very well, online sales rose 74 . America is going casual, that is the trend that weve seen but were not seen a big rally in the stock since money because they still have Banana Republic and the gap in those breeds are doing as well, most are in traditional. Stuart think is so much, lets check out the market 5 6 minutes, green all over the place. Its a modest gain for the dow, we are up only 40point, we had open much stronger than that but we are up 28500 for theyre down as of now. What a night. President trump made his pitch to voters on the final night of the rnc, the media could not hold back their true feelings. Listen to this. It was a partial tax but it was so dark and stressful. This will not be a democracy, thats a monarchy, it was repugnant sorry. Stuart on the media, all they really cannot hide their true feelings and actually its disdain for the president. We will have more on that coming up. Joe biden says President Trump is rooting for more violence. Thats what he said. Are the riots and unrest that were seen all across the country about President Trumps fault or democrat leaders who failed to run their own cities properly. We have a debate going on on that. Speaking of debate House Speaker policies as joe biden should not debate the president , pete headsets will have an answer without one, i cannot wait. Keep her here Varney Company rolls on. Im hector. Im a delivery Operations Manager in san diego, california. Weve had a ton of obstacles in finding ways to be more sustainable for a big company. We were one of the first stations to pilot a fleet of zero emissions electric vehicles. The amazon vans have a decal that says, shipment zero. Were striving to deliver a package with zero emissions in to the air. I feel really proud of the impact that has on the environment. But were always striving to be better. I love being outdoors, running in nature. We have two daughters. I want to do everything i can to protect the environment to make sure they see the same beauty ive seen in nature. My goal is to lead projects that affect the world. I know that to be great requires hard work. Stuart how are we doing this friday morning, weve already set attentive records this week, up some more, pretty much across the board, lets turn to delta, weve got a question, what does delta do to me if i dont wear a mask on that plane. They ban you from flying on airplane, so for 240 people have been added to the fly list. When you go to the airport and youre not wearing a mask, the gate agent can say you cannot get on the plane but once you are on the plane and you take your mask off, what can they do in the sky, its very difficult for the Flight Attendant to police that, their solution in the absence of federal rules, you cannot fly with delta anymore, 240 people banned from the airline for not wearing masks. Stuart they walked down the aisle, their weight and youre not wearing a mask and they take your name and the next time you fly to delta, you cant. Thats how it works. Lauren thats how it works. Stuart united, they are laying off a lot of pilots, what is the number . Lauren 2850 pilots have been warned that they could lose their jobs in october if the government does not extend the federal aid another six months. Between october 1 and november 30 is when the pilot layoffs would happen, united flies a lot of international routes, their lot of exposed when you think of it like that and thats why there pilot number of furloughs is greater than delta, greater than american and also more than united thought it would be. This is not good news for united if they dont get another bailout package. Stuart putting a lot of pressure on the government, pay off or they lose their jobs. That is a powerful tactic. Weve got exxon, exxon announcing that the beaumont refinery in texas has been restarted, jeff flock showed us the damage and the louisiana texas area but all refinery seem to be spared, mike sommers is the president and ceo of the American Petroleum institute and he joins us now. Great to be with you. Stuart great to have you back, looks like your industry dodged a bullet. Certainly, we want to make sure that all the First Responders and the people whose lives have been upended in the gulf coast as a consequence of the terrible hurricane that we pay close attention to them, were very concerned about the poor people who have been, their lives have been completely offended. But from the oil industry perspective, it does look like we have dodged a bullet but some of that has a lot to do with the fact that this industry prepares for these events, these refineries are built to withstand these major events it is not just refineries, 17 of americas capacity in terms of Oil Production comes from the gulf coast and about 84 of those Oil Platforms in the golf or shut down as a consequence of hurricane laura but we are starting to see our crews get back on the platforms, theyre starting to go out there to make sure that theyre safe in assessing the damage and the same is true with the number of the refineries that were shut down as a consequence of the hurricane as well. Stuart youre getting people back on the oil rigs in the gulf, youre expecting 27 refineries in the gulf coast and inspecting the mall but it does look like you have a fast turnaround. Last word to you. That is absolutely right, theres going to be a fast turnaround, we want to make sure that were following all safety precautions first, the model of the industry is safety first, safety always but were also benefited by the fact that theres a lot of access inventory in the market today which is good news for the American Consumer but were excited to get the refineries back up and going as quickly as possible but in the safest way as possible as well. Stuart mike sommers, thank you so much for joining us and ill call that good news. We appreciate it. Stuart amazon entering the fitness world, hold on, this is about wearables, the halo thing. Amazons first major push into wearable, i hope they come with the halo app and not only tracks your heart rate but tracks your emotion, i will get to that in just a bit but it tracks your sleep and body fat percentage, how does it track of motion, amazon says that halo does that by tracking your voice with your energetic or your sad. Stuart its fascinating. I wish it could attract your emotion let me finish. Stuart it can track your tone of voice, what do you think it would say about your tone of voice. Susan that im happy and energetic and positive every day especially friday. Stuart go ahead and finish. Susan amazon is offering halo band with the First Six Months you get a discounted membership as well because it offers workouts and other Health Programs on the actual wearable and 65 for six month instead of the regular 100 then it goes up to 4 each month after that but compared to the apple watch which start to 400 and fitbit 70, garmin is above a hundred dollars or so, im more concerned about privacy because i dont own and elect six speaker for reason, they dont need to record my conversation but amazon says the new halo and wearable, they will encrypt users data be in the cloud, body scan images, removed after processing and speech samples will be deleted after processing as well. Stuart what do you think alexa would say about your tone of voice. Susan that is wonderful and so lovely every day. You dont agree . Stuart i know youve listened all of this, some point in the future you could get into it. Believe me we will bring you in, that is a promise. Serious stuff here, alice johnson, her life sentence was commuted by President Trump and she gave a truly uplifting speech about criminal Justice Reform, were going to get a short bite from it. Watch this. When President Trump heard about me about the injustice of my story he saw me as a person, he had compassion and he acted. Stuart however, politico is under fire after suggesting that johnson is being prepped up by the Trump Campaign, we have more on that coming up, walmart teaming up with microsoft and potential for tiktok, my guest says whoever the buyer is will be a real threat to facebook. We will explain after this. Stock slices. 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I want to bring in ted murphy, the founder of isaiah, i think i pronounced it correctly, eyes eea, i read your stuff and you say whomsoever buys tiktok, they will be a competitor for facebook, do you think a Walmart Microsoft team up would be really strong competition for facebook . I do, i think microsoft and walmart coming together to purchase tiktok would be an absolute good for them. You have 100 million users on active tiktok, 50 million that are active on a daily basis, the number three app in the app store ahead of facebook, and instagram and i think microsoft and walmart working together to really unlock huge Revenue Streams for that platform. Stuart do think its legit for the president of the United States to callout a Foreign Company and say hey, were going to ban you so youre going to have to be sold, when youre sold were going to take a piece of the action, do you think thats legit . I think theres a lot of issues with that, the core reason that were targeting the app and a lot of apps like tiktok is because of the data being gathered inside the applications, thats why microsoft and walmart really interested in that, they want to take the same data and turn it around to sell advertising and sell products. So the idea being able to use tiktok as an application for social commerce, he completely transformed walmarts business and i think rebranded the organization in a way that they could not really do by themselves, specifically for the millennial crowd, you have about 50 of the audience in the users that are on tiktok and under the age of 34, that the demographic that is very coveted, the next generation and this would give them away to go after that group in a way that it would be very hard for them to do on their o own. Stuart it is prices, 100 million very young people that you could buy into just like that, that is priceless but if that demographic is so valuable, why isnt the Purchase Price higher than the 35 40000000000 that we are hearing . I think the big question is how do you onlin unlock all thee and how much effort will it take to bring commerce to that platform. I think theyve done a fantastic job in asia and they have been able to demonstrate that tiktok is really being used over there for social commerce and specifically driving the purchase of product, you are already seeing the inside of instagram and facebook has had a lot of success in driving purchases as well and theres going to have to be a pretty significant investment on behalf of microsoft and walmart to be able to bring commerce and bring more advertising dollars to the platform. Stuart if you keep talking for another 30 or 40 seconds we might see microsoft hit 230 a share because its been going up, thank you for joining us, we appreciated, very good insight. Thank you, total different subject, the violent leftist mob showing no boundaries after confronting republican senator rand paul and his wife last night after leaving the white house. My take on not coming up. Well take a look at the Political Violence that is taken over our democracy, that is my opinion, it is friday that means friday feedback, tune into the into the show to hear your questions and answers, second hour of Varney Company coming right after. In your customized view of the market. Its smarter Trading Technology for smarter trading decisions. Fidelity. Cmon hurry up vo audi etron. The next frontier of electric. Get an exceptional offer at your local audi dealer. Im a verizon engineer, and im part of the Team Building the most powerful 5g experience for america. Its 5g ultra wideband, and its already available in parts of select cities. Like los angeles and in new york city. And its rolling out in cities around the country. With massive capacity, its like an eight lane highway compared to a two lane dirt road. 25x faster than todays 4g networks. In fact, its the fastest 5g in the world. From the network more people rely on. This is 5g built right. Only on verizon. Stuart here we go, friday morning, 30 minutes into the trading session and were still in the green, all acrosstheboard. In fact the dow has recovered nicely, not recovered its plowed ahead and its up nearly 100 points as we speak, and the nasdac is at 11, 700 thats up 74 points. Now, its just 20 seconds after 10 00, weve got the numbers at precisely 10 00, Consumer Sentiment, susan . A lyft in august initially looking at a read of 72. 8 but youre up about two points in august so a lift in Consumer Sentiment well take it. Its not great. Its still just at 74. 1 you want something closer to 100 which shows something more positive and 72. 8 was the lowest in six years for the u. S. Consumer according to the university of michigan and thats important, because we know the Consumers Power about twothirds of the u. S. Economy and it makes sense with layoffs still jobless claims above 1 million in the week. Stuart we did get personal spending numbers very strong. Very strong this morning. Stuart 1. 9 very strong indeed and the markets still in the green. Everyone, now this. Were going to show you some video from last night. The president had made his closing speech at the white house, and the crowd was filing out on to washington street. Watch as senator rand paul and his wife walked away from the white house. He ran right into the leftist mob thats taken over our streets. Police officers surrounded the couple, the angry crowd got real close, it was intimidating. It was just a step away from real violence. Listen to senator rand paul describe the threat, in his own words. Watch this , please. Well the threats were to f you up, to, you know, to kill you. The threats were if they could get a hold of you and i truly believe this with every fiber of my being had they gotten at us, they would have gotten us to the ground. We might not have been killed. We mate just have been injured by being kicked in the head, or kicked in the stomach until we were senseless. Stuart good lord this madness has to stop as senator cruz said but it wont. There are too many examples of the violent left confronting ordinary people going about their every day lives. Do you remember this . From earlier this week. Black lives matter people screaming at diner, raise your fist, raise your fist. Right in their face. Thats intimidation in the extreme. Outside jeff bezos house they constructed a guillitine. Hes the amazon founder, richest person in the world so put a be heading machine on his doorstep, tasteless at the very least. Its been like this since day one of the trump presidency. The level of hate is stunning and deliberate. Shout them down, knock them down , run them out of town whether youre a senator or ma ga hat wearer, frankly it reminds me of 1968. That was election year, and there are parallels with 2020. Richard mix of was the republican candidate and the media detested him. There were violent demonstration s, cities were burning, the violent left was out on the street, and Richard Nixon won. Whether its 1968 or 2020, violence and political intimidation should not be tolerated by anyone, regardless of politics. Thats my opinion. Second hour of Varney Company is about to begin. President trump biden wants to keep us completely in the dark. He doesnt have a clue. He has pledged a 4 trillion tax hike on almost allamerican families which will totally collapse our rapidlyimproving economy. On the other hand just as i did in my first term, i will cut taxes even further, for hard working moms and dads. Stuart now i like the sound of that. Cut taxes even further . Hes teasing more tax cuts to come. While at the same time as you heard, slamming joe bidens tax plan and his economy plan. Look whose here, Jonathan Hoenig on a friday morning. Big smile. I take it you liked what you heard from the president last night . Stuart, the president s speech last night, for me, was frustrating not just because it was long, i did do two loads of laundry in the time it took him to do the speech but because of his alternatives, stuart. The president presents himself as the capitalist alternative to joe bidens socialism and certainly talks of higher taxes under joe biden are that rattles markets and certainly rattles me as an investor but trumps views on trade, stuart which he spent a lot of time on last night, theyre anything but capitolists in particular his promise that he would tariff any company that means tariffing american, taxing americans, that moves jobs overseas, forcing companies to hire americans, forcing Drug Companies to sell at lower prices, forcing companies to insure people with preexisting conditions. To me, that makes it a very difficult election, a very difficult choice, and very frustrating as a true blooded american capitalist. Stuart a true blooded american capitalist, all right fair enough. The other side of the coin is the Federal Reserve. Theyre printing money like crazy, theyre going to keep Interest Rates low for as long as it takes basically. Do you approve of that . No, no, and theyre hurting the economy. All that federal intervention, all that Federal Reserve print ing of money, stuart, they think theyre helping the economy, but theyve slowing the economy including the Paycheck Protection Program by the way. All that money has to be borrowed has to be taxed, or has to be inflated away, and stuart i think thats one reason why the cost, whats called the cost of thriving in america, bank of america has a fascinating index, the cost of thriving and what used to take 30 weeks in 1985 now takes 53 weeks and theres only 52 weeks in the year so the cost of living is going up. The cost of thriving is going up and that has a lot to do with what the Federal Reserve is doing monkeying around with the money supply. Stuart let me summit up like this. Just win. Just beat joe biden. Just beat the socialist. Do what it takes to beat the socialist. What do you say to that . Well, i wish stuart yes . Its a tough election, stuart. Its a real tough election. I wish it was a referendum on capitalism versus socialism. Stuart i cant believe youre so tough that youd vote for joe biden. Jonathan hoenig, the capitalist pig himself, theres no way youd vote for joe biden. Whats more important are the ideas behind these politicians. We need to get more americans really on board with the idea of capitalism, forcing companies to do this or that, forcing companies, forcing social Media Companies that is in my opinion no place in free america so we need more capitolists no matter what party they are in. Stuart fortunately were out of time, hoenig. Thank you, thank you. Stuart its always good to have you on the show. Good stuff. Be well. Thank you. Stuart all right, im going to check for you, microsoft and walmart as you know theyre teaming up to have a go at tiktok both touching fresh eyes. Microsoft is real close to 230 a share and walmart is up another 1. 5 . Record highs. Stuart they are. Amazon, as we described with susan and i earlier launching that fitness band, that goes around your wrist and an app to compete with fitbit and the apple watch, its the halo. Its 100 for the band, 4 a month for the app, susan is dying to get one. Yes, dying. Stuart amazon is at 34. 26. I think its very close, actually a record high. Stuart got it. Thank you. Next, disney. Hey, lauren, youve got an update on when they are going to reopen disneyland in california. Lauren i sure do and this comes from the head of disneys theme parks. They say disneyland will be ready to reopen once they get the go ahead from the state of california, and the health and safety guidelines theyd have to follow so its located in anaheim. Anaheim is stage 3 right now of reopening so stage 4 is next and thats when theme parks are included, but disney says look, we were ready since july 17, but then that was postponed because of the surge in infections. Im so torn on this , because we look at what happened in Florida Disney world has been open since july 11 there, but it seems like it hasnt been too much of a success. Why do people want to go to a theme park . Well, to escape, right . To get that sense of normalcy back, but when youre wearing a face mask and sweating and a lot of things arent the way they used to be, i dont know. Is that what youre looking for right now . Stuart i see your point. Lauren im torn on this one. Stuart youve got young children. Would you jump on a plane in new york, fly down to florida, stand in line, get your temperature checked, wear your mask and take the kids through disney . Would you do that . Absolutely not; however, if i lived nearby, where i could drive, i would, and thats why especially for florida residents disney is offering all those perks, cheaper tickets if you come at certain times, because they understand that people arent raising their hands and lining up to go the way they used to. And disney lost what, 5 billion in the past quarter. Stuart well said. Disney stock was down around 100 a share in march and now they bounce to 134, so theyve come back a bit. Thanks, lauren. Were showing you oh, back to this now, beyond meat. Whats this you can buy it online . Thats right on their own website so shop. Beyondmeat. Com starting their own Online Sales Channel after rival impossible foods first did it so onioned meat, a new site you can get the 50 trial pack, the 72 six pounders of fake meat or shop at the 26,000 locations of stores that already carry beyond meat including kroger, walmart and target and whole foods. Now, beyond meat shares are up some 75 this year but remember the days right after the ipo when it was trading at above 200 a share . Looks like the enthusiasm has wa ned on wall street, not what it used to be but still looking at 13 billion fake meat market currently, and Barclays Says like it grows tenfold in 10 years so around 140 billion. Now i found a pack of beyond meat in my fridge yesterday and a sell by date by august 22. I didnt think to risk it so i just threw it away. Thats probably the right decision, right . Stuart [laughter] good lord, no. Its meat. I would throw meat away right away, but its plantbased. Stuart the producers are urging me not to respond forcefully, in other words, get on with it stu, because we got this for you. Here we go. We have some extraordinary photos from space, from nasa, of the natural disasters plaguing the country. Lefthand side of your screen was hurricane laura as it made landfall this week, just look at the size of that thing, and on the right hand side, the wildfires still raging through california. That tells the story doesnt it . The view from space. Joe biden claims President Trump is rooting for more violence. Watch this. He uses this as a political benefit to him. Hes rooting for more violence, not less. Stuart thats what joe biden says. The cochair of black voices for trump will spanned to that in a moment. And then is this from politico. They tweeted that alice johnson, a criminal Justice Reform advocate is being propped up by the Trump Campaign well deal with that too. Major League Baseball postponing some games after players walked offthefield. They protested the shooting of jacob blake. There, weve got details for you coming up, right after this. Come on in, were open. All we do is hand you the bag. Simple. Done. We adapt and we change. You know, you just figure it out. Weve just been finding a way to keep on pushing. Where you can find games,g a way news and highlights. All in one place, right on your tv. The xfinity sports zone. Use your voice to search every stat and score. Follow the teams you love. And, even get notifications with breaking news alerts and more. With the xfinity sports zone everybody wins. Now thats simple, easy, awesome. Say xfinity sports zone into your voice remote today. 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Stuart still seeing plenty of green but the rally is fading a little bit the dow is only up 20 points but the nasdac still doing well up 5960 points show me the drugmakers working on a virus vaccine according to the wall street journal a Chinese Company is in talks with a number of countries for Early Vaccine approval, theyre asking countries to agree to distribute the vaccine before the final phase of trials is finished thats interesting. If it happened it be the first time a vaccine be distributed, before Clinical Trials are finished. American drugmakers mostly higher. All right, abbot labs thats a look there the feds are going to buy the entire supply of their rapid virus test. 150 million tests, going to be bought by uncle sam, which will pay 760 million for it, abbot labs down a fraction after a big rally in the last couple of days now the airlines are all doing well again on that vaccine news and on that testing news thats what happens they need a test, they need a vaccine, those stock s up. Boeing has notified the faa of a couple of manufacturing defect s involving the dreamliner those plains affected are out of service, they are taking care of the problem the stock is up just a fraction. Sports stories for you. Baseball, the mets and marlins staged an ingame walk out over the shooting of jacob blake. Watch this. And now after a moment of silence that lasted 42 seconds, the day before we celebrate Jackie Robinson day, the mets are exiting the field, after both teams exchanged a wave of caps to one another, so it would appear as though after a moment, that the mets and marlins will not be playing baseball tonight. Stuart six other games that were supposed to be held last night were postponed. Okay now the nba, they are reportedly resuming that playoff game either tonight or tomorrow night, and that followed the bucks protests of a couple nights ago, so theyre coming back probably. Still on these protests lets get the latest out of kenosha, wisconsin, Grady Trimble has been there all week. What are you seeing this friday morning . Reporter well it was a relatively calm night last night stuart but this is obviously a city still reeling from the unrest earlier in the week. There is a lot of news made today, in regards to the event of the past week, the department of justice in wisconsin, which is investigating the shooting that started all of this unrest, announced the names of the two other officers involved in the shooting of jacob although they did say, jacob blake i should say, although they did say ruston chesky was the only officer who fired rounds at jacob blake. Also last night there were hundreds more Law Enforcement officers on the streets including from the federal government, and there were actually nine people arrested two nights ago with out of state plates according to Kenosha Police filling up gas cans so that Law Enforcement presence seems to be working here on the streets of kenosha, especially once the sun goes down. That of course is something that the president touched on at the rnc last night. President trump if the Democrat Party wants to stand with anarchists, agitators, rioters, looters and flag burner , that is up to them, but i, as your president , will not be a part of it. Reporter an update on kyle r ittenhouse. He is the 17yearold charged with two counts of first degree murder and other weapons charges and he appear in court this morning in illinois in an extradition hearing and that is the First Court Appearance he has made since being arrested and charged earlier this week. Stu . Stuart Grady Trimble thank you very much indeed. Now as all this unrest is going on around the country the democrats are actually blaming President Trump. Watch this. He uses this as a political benefit to him. Hes rooting for more violence, not less, and is clear about that and whats he going, just kept pouring gasoline on the fire. Stuart the president is rooting for more violence, joining us black voices for trump Advisory Board member stacey washington. Stacey whats your response . They blame trump. Thats what they always do. Democrats are always projecting the same stuff they are guilty of on to republicans and this is no different. Joe biden could stop all of this violence in a second. He and nancy pelosi, aoc, leader s of the Democrat Party of course his vp nominee Kamala Harris, they could approach a podium, have a press conference and decouple themselves immediately calling for law and order unleashing prosecutors to prosecute the people actually doing the crime, burning businesses, harming people, the children who have been shot, i mean, i notice they are always saying what were doing, what republicans are doing what the president is doing, when theyre sitting back on their hands watching all of this unfold, and people are afraid, so, if theyre seeing their poll numbers drop which is the only thing that prompted him to speak about this in the first place, the proper response be to side with law and order and denounce anyone whose not actually peacefully protesting. Stuart what do people say to you as being a member on the Advisory Board of black voices for trump . Your politics are right out there. What do people say to you . Well liberals feel like they have the right to call me names and to insult me for my political beliefs because im black and not doing what they want me to do. If they tell a black person, you aint black if you dont vote for me like joe biden said were supposed to snap and do what they say, but black americans are saying they want more police , they want to be safe, they want to see some reforms in policing, but they dont want to see it done under threat of violence and they dont want businesses burned down. They dont want cities under siege by protesters. Stuart ive got one more for you. Politico fired off a tweet last night saying alice johnson, i think a Success Story from the president s first step act, has been propped up by this , with the tweet on the air right now, but hold on a second, stacey. The New York Post is reporting that the reason she was in jail in the first place was because of a bidensponsored bill back in the 1990s, this is a mess isnt it . Stuart its a mess but only because when youre on the right , politically and you have someone with a testimonial, thats propping them up. They are a token but on the left what are they doing with george floyd and Brianna Taylor . They are taking the deaths of those people and using it for a movement. Its wrong. Stuart well said, stacey. Straight to the point. Its wrong. Oh, we like that on this program stacey washington, you can come back any time you like and come back soon please. Thank you very much. All right, joe biden responding to Speaker Pelosi saying he should not debate. Watch this. As long as the commission continues down the street as they have im going to debate them. Stuart why are any democrats against a debate . I dont get it. Are they scared of something . Maybe, pete hegseth will sound off in the next hour. First though well take you live to lake charles, louisiana. Look at that, now thats extensive damage from hurricane laura. More of that, after this. 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Retire better stuart it is now tropical depression laura, and it is now on its way up the mississippi river, thats as we speak, but i want to go back to lake charles, louisiana, where jeff flock is about to, hes laughing i dont know why, but hes going to show us some spectacular damage. Go ahead, jeff what you got . Reporter im getting soaked again, thats why im laughing but look at this. Ive got an incredible story for you this hour. Individual stories are the story of this hurricane. This tree fell on this house in the hurricane. Imagine if you were sitting in that window watching fox, as a matter of fact, as that happened youre about to meet that man. Gary littleton. You were sitting in that window over there as this tree fell on you . Yes, sir thats correct. Reporter can you show me where this took place . Were going to go inside this was happening its 150mile an hour winds were on this. Stuart i tell you ive been through a lot of hurricanes. I dont know if ive seen anything quite like this one. Come on in. Hes sitting here in this chair, nice leather rocking chair, watching television, and look at this. This comes right through. Yes, right where i was sitting in this chair. Reporter describe that for me if you would. Well it was unexpected i was watching the rnc, i was talking to a friend and she was concerned asking to leave, and you know, was on the phone back and forth and in my kitchen came back and sat down and it fell through and i jumped and ran to the kitchen and amazingly got it that quick. Reporter hes watching the tv here and thats the tv there. Thats probably not going to work again. Are you sorry you stayed . Ill never stay again. I promise you that. Thats the first one ive sat through. Ive been through hurricanes and left. Its the first one that i stayed at but i will not stay again. Reporter walk me back out real quick, stuart i want to show you what progress he got. He got a crew in here right quick. They are charging 5 grand. You always want to know how much everything costs. We expect the insurance will pay for this. Hurry up, if we can, thomas, they just hired this crane to come in and pull us off. Come out here, thomas if you can give them a look at that. They are about to just lift the tree right off of this house this is going on in multiple places but no one that ive found yet had the tree come down on their head, and lived to tell about it. Stuart and you found it, jeff. Brilliant television. Just firstrate. First class tv, people will be glued to that kind of thing, great stuff. Thank you, jeff. All right, now, i want to bring in lauren fatley, a storm chaser who was right in the middle of the storm, first of all, youve got to describe to me, whats it like in a storm where youve got 130mile an hour wind blown at you . Well its something you dont forget very soon, i can tell you that and its something you have to plan in advance, because if youre not in a place that will survive those kind of winds then often a storm surge of 1520 meet, youre going to be in trouble real quick so theres a lot of planning that goes in before the storm actually hits to make sure youre in a place that will survive. Stuart warren is this your business . I dont mean to be facetious here, and it occurs maybe its a business you can make money. Is that right . It is a business. I own one of the largest stock agencies in the world that supplies weather images around the world and i work for other agents and thats my goal when im out to capture these events, that end up in everything from textbooks to billboards to tv advertising and even educational projects which is great, so you never know when you go to a storm like this where the images are going to actually end up. Stuart is your objective to get into the most violent part of the storm . So the video and the photographs will be the best . That is my goal, and sometimes, you have to take chances. For example, i went to galveston because i knew it would survive if it got hit by a cat 4 and of course, the storm moved a little bit further east into louisiana, but the problem there was the Weather Service was calling for a storm surge that was, i think they said, unsurvivable, so for me, that doesnt work and also hitting at night in that region doesnt work either, so we took the chance to the long shot to go to galveston which fortunately, galveston and houston was spared. That would have been a really big disaster if that happened. Stuart are there occasions when youre genuinely frightened . I dont get frightened much any more. Ive been doing this for 33 years, i went through hurricane andrew with winds of 170mile per hour plus, that was frightening the first time youre in Something Like that but i plan everything down. I have engineering reports. I do so much recon when i get into an area i dont usually get frightened. Usually frightens when something happens that youre not expect ing a rogue wave or something goes flying through the air. You cant really extract that from the job or the adventure. Those things are going to happen stuart how many people do you have working for you . I dont have anyone working with me on this one because of covid. I usually have a team of three or four people that travels with me. I also work as a volunteer emt when im out. Fortunately this time it didnt reach this point where i was needed, but with covid of course its become a solo project this year. Stuart warren thanks for joining us this morning i found that really interesting. Good stuff indeed. Thank you, i appreciate it. Stuart warren faidley, well see you again soon. Back to the markets its friday morning were coming off a terrific week were still showing green for the dow. A little bit of green for the s p, and a lot of green for the nasdac which is up 58 points. Exxon restarting its refinery in beaumont, texas after shutting down for a few days because of the hurricane, of course. The price of oil this morning, were going to check that for you i believe its up a little bit, around 43 a share, Something Like that. We have mike summers, American Petroleum Institute President on the show earlier, and here is what he had to say. Here we go. 17 of americas capacity in terms of Oil Production comes from the gulf coast, and about 84 of those Oil Platforms in the gulf were actually shutdown as a consequence of hurricane laura, but we are starting to see our crews get back on to those platforms. Theyre starting to go out there to make sure that theyre safe. Stuart well, he admitted to me, look the Oil Gas Industry had dodged a bullet and i think thats accurate. Price of gas this morning, National Average 2. 23, and up only a few cents in the last few days, despite laura. Show me, expon, if i got the pronunciation right, chinese electric car maker soaring after going public on the new york stock exchange. That was just yesterday, up another 8 this morning. How much did they macon their debut . 50 plus on the stock. So they sold shares at 15, 100 million shares they raised 1. 5 billion, at the end of the day they were up to 23 and now were up to close to 23 once again so yes this stock is flying along with the rest of the electric car companies, but the only delivered 30 of the cars a tesla does in china because its actually much smaller than tesla, but tesla and the other chinese equivalent called neo hads are both up over 400 this year, and this is because theres a big booming electric car market as we mentioned penetration is only 4 could go up to 10 in a year but think of all of the market what we call total addressable markets. Stuart the ev share of the market will never go to 10 next year. Maybe by 2,030 thats the projection but not next year sorry i misspoke thank you for correcting me and over emphasizing expong, every time you say it. Stuart [laughter] , tesla, tell me about that because what they officially split their stock monday, same day as apple . Five for one for tesla, we have a four for one stock split for apple and stock splits are usually bullish signs of the stocks and thats proven true for both of these companies , for instance tesla rallied over 60 since its announcement, apple rallied 30 and when stock prices fall it makes it more affordable for more people to buy in, but given the new world of zero commissions and fractional trades, stock splits are pretty rare in this environment. Take a look at amazon and Berkshire Hathaway if you want to go out to hundreds of thousands. Now also in the old days if youre buying odd lots of stock that means you have to pay Higher Commission fees and the Tech Knowledge changed all that in the year 2020 so theres not a lot of motivation these days to split your stock except for retail interest and we know that robinhood traders love tesla and apple so if you make it cheaper for the average person to buy the stock they will and thats why youre looking at the stock prices. By the way, you know tesla is up 400 this year. Theyve killed what have lost 25 billion so far this year, so elon musk is winning his battle against it. Stuart they bet against tesla, they thought the stock was going down and they lost it, 25 billion. But still theres over 20 billion of stock betting that tesla will fall from these 2,000 levels, lets see if that ever happens. Stuart all right moments ago, we showed you the extensive damage from hurricane laura, left behind in lake charles, louisiana. Now, i want to know about the recovery. Im asking louisiana senator bill cassidy about the recovery in louisiana, next hour. First though, taking the classroom outside, as a way to get the youngsters backtoschool. Well tell you how this is going to work out, right after this. We love our new home. Theres so much space. We have a guestroom now. But, we have aunts. Youre slouching again, ted. Expired, expired. Expired. Thanks, aunt bonnie. Its a lot of house. I hope you can keep it clean. At least geico makes bundling our home and Car Insurance easy. Which helps us save a lot of money oh, teddy. Did you get my friend request . Uh, ill have to check. doorbell ringing aunt jonis here for bundling made easy, go to geico. Com. Hello . Stuart were still in the green , only just for the dow , which is now up 35 points we had dropped into the red, but there you go. The big solid gain is the nasdac , which is still up 60 points. Its the end of the earnings season, yes it is. The first big work from home quarter thats what weve seen, and it really showed a boom in pc sales. Numbers please . That was surprising so we have a pc come back thanks to long Distance Learning with schools closed so remember hp shipped a record 18 million pcs from march to june. Stuart they still make computer s . Yeah, laptops, notebooks and personal computers and most of the sales came from laptops and same thing for dell as well saw Strong Demand and thats why youre looking at dell rallying today the stock trading at its highest in over a year, and i saw close to 10 investment banks raising their target price on dell today. Also another earnings beat is workday and looks like they had a 10 jump at least after their betterthanexpected numbers so what does workday do, specialize in Human Resources and Cloud Software and workday also by the way hiked its forecast for this years subscription revenue and announced a new co ceo so one more work from home winner, this stock nearly doubled but a bit disappointing when it comes to earnings they make software that helps workers design into Network Applications from home. Thats what we use this here as well, and they actually lost more money from march to june than anticipated and you shouldnt be doing that if more people are stuck at home, youre in a lockdown, but look the stock has done unbelievably well so far this year. Stuart it sure has. Remember that one, thanks. Thank you, susan. Our schools lets get to the schools. Its a growing push to take classes outside. Thats interesting. Christina partsinevelos in new york city, how does it work . Reporter well backtoschool mode is in full swing, like you said, but a lot of schools are still unsure about the protocols they need to implement in order to get students back, so one trend thats catching on, Outdoor Learning. That means setting up a tent, putting some chairs and calling it a classroom and thats exactly what Riverdale Country School behind me is doing you see it on your screen right now. The students come in, they get their temperature checked, no pats on the back, no hugs, masks must stay on. Each tent that you are seeing has electricity as well as wifi new York City Schools across the area need to submit their plans for Outdoor Learning today , in order to get a response next week. Some schools that arent as fortunate as Riverdale Country School can opt to take over a nearby public park or to take over a street. This situation is something that they politicos restill working on. A lot of the schools in new york are opting for remote learning, but experts say this could be a good way to get students back in the classroom. Fox business spoke to one expert from a school in california that already offers Outdoor Learning about the importance of having students return to school. Listen in. Children not being together face to face at a safe distance is detrimental for their development. We dont know what the long term impact be. We dont have any, theres no data on this , weve never experienced anything like this. Reporter stu the thing is that not everybody is on board with this you have principles concerned about having students in public parks, citing violence and rapid drug use, possibly picking up paraphernalia off the ground so this is a situation where time is ticking. Youve got about a week left before School Starts across the country and millions of students, education is left in limbo as they try to come to a conclusion and find a solution for them to get back into school back to you. Stuart christina thank you very much indeed, thank you. Staying on education going to check the Online Learning stocks for you lauren what the have you got on this group of stocks . Lauren all right well, i think theyve all made the honor roll this year but theyre very each pensive. Take a look at cheg the price doubled, k12 almost doubled so think about where you stand on online education. Has the pandemic changed the way we learn forever or will traditional classroom learning return . Lets say when theres a vaccine so if youre betting on the traditional classroom let me show you stocks that might be a bit cheaper to you was up 60 this year, same for rosett axe stone and then a Company Called pleural site they offer Virtual Training in technical and creative skills thats up about 20 this year, so a bit more affordable. On the whole idea of Online Learning, our schools sent a letter yesterday and they said were opening on the ninth but on the 15th theres going to be new guidelines so you might want to consider holding your child until the 15th because everything is going to change in a week. How does the school plan and how do parents plan . Stuart you cant possibly plan for that nor can the teachers nor can the school you cant do that. Just out of the question. Sorry thats your reality lauren not good. All right, 67 days to the election and i want to know, what the republicans are setting up for the final weeks of the campaign. Ill ask the rncs katie walsh that plus real estate doing real well. Very low Mortgage Rates, i think its a sellers market. So why arent more people selling if prices are rising, why arent people selling . Why not . Well ask. Its easy to get lost in the economic uncertainty. The volatility. The ambiguity. The moment calls for more. And Northern Trust delivers more. With specialized expertise. Proven strategies rooted in data and analytics. And insights borne from over 130 years of successfully navigating economic turbulence. Giving you clarity. Inspiring confidence. And helping you uncover new paths forward. Northern trust. Wealth management. Some Companies Still have hr stuck between employeesentering data. A. Changing data. More and more sensitive, personal data. And it doesnt just drag hr down. It drags the entire business down with inefficiency, errors and waste. Its ridiculous. So ridiculous. With paycom, employees enter and manage their own data in a single, easy to use software. 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Stuart all right check on that market, still a sea of green, big gain for not such a big gain , 40 points up for the nasdac ill leave it at that look at boeing their chief executive says they are looking to hire around 20 more black employees to deal with criticism s over diversity issues the stock very little change up 0. 60. I want to talk real estate. We have the latest number on pending home sales, move straight up, nearly 6 up three months in a row, good indicator. Mike aubry is with us Compass Real Estate Vice President , here is my question. I think its a sellers market. Weve got a lot of buyers, weve got low Mortgage Rates, and weve got rising prices. Thats a stimulus to get out there and sell your home. So why arent there more homes on the market . Why arent there more sellers . Stu this is one of the classic chicken or the egg kind of questions where what came first . The big issue is those people who arent selling right now feel like they have nowhere to buy. This goes back to lack of inventory creating more lack of inventory. If youre in your house and you decide that you want to do a moveup buy right now and you want somewhere better are you going to put it on the market and end up with nothing and thats got a little bit of trepi dation for sellers in the marketplace. Stuart is there room for seller s to come in . I think so especially as we get our arms wrapped around this coronavirus thing, do i think well see more homes come into the marketplace . I do. Do i also think well see more homes come into the marketplace for greed . I do. I think peoples homes are worth an incredible amount and thats going to end up motivating people to come into the marketplace. Stuart now, i must say this pending home sales number, up 5. 9 up three months in a row , is that a good solid indicator for real estate . I think it is because remember that pending home sales is a measure of signed contracts to purchase existing homes, so its not really looking backward kind of thing. Its a snapshot in time right now and if you look at that even deeper not only was it 6 from june to july, it was up almost 15. 5 from this time last year, so i mean, were really in a v shaped recovery for the sector right now. Theres no doubt about it led by the northeast i might add. The northeast was up 25 from june to july and up 20 yearoveryear. Stuart are you realtors happy . Listen, im happy as a pig in mud right now, stu. I mean, im busy. Im not sleeping a whole lot, but i mean, i couldnt be any happier and listen, i think that americans should be happy that weve got a sector that is certainly doing a huge shot in the arm for the economy right now. I mean, not only are people wanting to buy new places but i think investors are looking at real estate as an asset class. Stuart i agree. Moving somebody out of stocks that have done well some into real estate why not. Mike aubry thanks for joining us all good news and well take it. Thank you, sir. Now ill put on your screens, the online realtors that be zil low and red fin. Lauren would you call them lock down winners . The stock price that is. Lauren ill prove it to you so this desire for space has given these stocks a new life. At the height of the pandemic, it looked really scary they were worried but since the low of march 18, red fin shares are up 345 , zillow shares are up 235 , since march 18 so that is unbelievable but you were just talking about real estate as an investment with that previous guest. You have to remember these companies they are also buyers and they buy and sell homes online, using algorithm, so thats another way that they can boost themselves. Stuart i tell you its a booming Real Estate Market any way you slice it i just wish there were more homes on the market to buy. Thats the way it is whats next ill tell you what we got coming up. We heard from fed chair jay powell yesterday. He set the stage for a lower interest rate, as far as the eye can see. Does that mean 2 Mortgage Rates maybe. Big lineup on the show coming for you starting with pete hegseth, then we have louisiana senator bill cassidy, also coming up, im going to ask him about Recovery Efforts in louisiana, and were asking tiki barber, is it just too much politics in sport these days . And you get my take on the joe biden debating the president , i say this is something he has absolutely, hes got to do it. The third hour of varney coming right up. From fidelity. Now you can trade stocks and etfs for any amount you choose instead of buying by the share. All with no commissions. Stocks by the slice from fidelity. Get your slice today. And a highly connected lexus vehicle at the golden opportunity sales event, lease the 2020 es 350 for 359 a month for 36 months. 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And ride no stuart 11 00 oclock in new york city, the markets are showing great, not a huge move up in the green, take a look at tesla and walmart, they hit alltime highs today, 138 walmart, 2267 on tesla. Now this. Lets start with this, Speaker Pelosis commitment to open debate and respect for the president , roll tape. I dont think there should be any debate, i do not think that the president of the United States has supported himself in a way that has any association with truth, evidence, data and facts. I would not legitimize a conversation with him. Stuart not a commitment to open debate and absolutely no respect for the president. The speaker statement reveals a lot more, the democrats all worried that their candidate will make a monumental gaffe or be trapped on camera in an unfocused senior moment. There are no teleprompters in the president for debate, no script to tell you what to say, candidates have to think on their feet and fast, that is a challenge for joe biden, the speaker is trying to protect him from himself. Thursday night biden responded to the speaker, i am going to debate him, thats what he told imsnbc, as long as the president ial debate plays it straight, thats interesting, thats a caveat, is our way out, for example the speaker suggested, this is pull oc saying this they candidates occupy separate stages to answer questions about the policy positions, keep them apart, no direct, not the debate were used to, mr. Divided could demand that change and if they do unto Debate Commissioner refuses they can withdraw saying they were playing it straight. But really he has to debate, he cannot be a noshow, he has to take the risk, Speaker Pelosi trying to p him actually damaged his campaign, she publicly acknowledge the risk of candidate faces and advised him not to take it, do not debate, that speaks volumes, the democrats are worried, frightened actually, thats what Speaker Pelosi displayed whether she meant to or not. It is friday just after 11 00 oclock, fox friends we can cohost, do you think biden will try to get out of the debate . Spot on, i think he wants to, i do not know if he can, i agree he will try to hide behind the Debate Commission which the president has pointed out before full of typical establishment likely far more friendly than joe biden in whatever rules they establish if they change them, he will cling to them, i dont think nancy pelosi says this in a vacuum, im not saying it was necessarily directly coordinated but she is speaking of truth that their hatred of the president is so deep and contempt that they dont think joe biden should have to stand on stage with him. But i think the president has an easy answer to all of this, the commission has said in person debates, there are three of them and i wish there was one more before early voting started, i will see you on the stage joe, he backed away from that is on joe biden. But they are not saying this without a reason which is they know is mortifying to think of joe biden for any period of time without an earpiece into somebody helping him out actually debating donald trump. Stuart i agree. I read your tweets by the way. Yeah i do, you tweeted that he will win in a landslide. That goes against the pole he the head away wasnt ready 16, he has a record to run on, if the American People versus the mob, it is god versus government, do you want socialism and what it brings when you remind people what it truly represents, he is standing on the hill of america saying we are in a good place, lets not tear it down, lets build a better to use the fake slogan of joe biden. Hes in a fantastic position and hes built the Biggest Movement in modern political history for one civil reason, he tells the truth, he says what were thinking and hes honest about it, people respond to that. Stuart i have this for you, this is really a surprising me, the Virginia State Senate Just Passed the bill to make insulting a Police Officer a misdemeanor. To me that is absolutely extraordinary, in this day and age, misdemeanor for assaulting a Police Officer, that is ridiculous. That is a sin it means open season on Police Officers, that badge means less than already does for the mob that already wants to assault and kill Police Officers if they can, listen to the rhetoric, they talk about is dangerous and utter insanity and everybody in virginia should point out your putting a target on the backs of cops when you do that. It should be the other way around, higher penalties for what you do against cops. I think the democrats will play a big political price that this kind of development, misdemeanor for assaulting a Police Officer in all the Political Violence that we see all around the country, you saw what happened to senator rand paul, that is appalling, america looks on that and says get out here, we dont want this. Who wants to be a cop when youre defending senator rand paul and when you do something wrong youre the bad guy and you know the person is only going to get a misdemeanor if they decide to assault you, it is all backwards and thats why the left is going to get run over like a trump train in 2020 because they are way out front over average people are as far as their safety and security. They dont want to defend the cops, they respect them and know they have a tough job. Stuart i know you talk about something serious, your have a really good time saying he wins in a landslide, i know you very well. We can still have fun even though its a tough time. Stuart come and see us again soon. Looking at the market, ive a couple of stocks that are moving nicely, look at ulta beauty, strong Earnings Report online sales up more than 200 , ulta is up 6 on that. Hewlettpackard, computer guys saw a big spike in demand for pcs, more people working from home, homeschooling, the stock is up 6 , cocacola offering voluntary buyout, how many and why are they doing this . Kamala 4000 workers in america they employ a thousand people worldwide, its a small number, why, their slimming down and they won want to focus on e fastest growth segment, they will consolidate into nine units instead of 17, killing the zombie brands like juices and smoothies. Focusing on the hot items like sparkling water, hard seltzer and everybody say is coming to market in the u. S. , its in a very tough year for cocacola, the bars are closed, movie theaters are close, stadiums are closed, thats where they sell the bulk of their drinks, now the refocusing, they were doing a before the pandemic but the pandemic accelerated it, stock is up 1. 5 . Stuart what is that drink that you said is coming down is not an alcohol drink. Its a spiked hard seltzer. Stuart thank you very much indeed. We talk about that a lot, very popular everyone is getting in. Stuart thank you lauren, how about this the 30 year fixedrate mortgage at 2. 91 as we speak, below 3 . Danielle, former advisor to the dallas fed, okay the Federal Reserve says we are going to keep Interest Rates really low as far as i can see, do you think we might get a 2 30 year fixedrate mortgage . There is a mathematical possibility of that happening. Right now the Federal Reserve is buying up mortgagebacked securities of the Federal Reserve is enhancing what the market has 30 done for. And we are expecting to see over 3 trillion in Mortgage Origination in 2020, this blows away any year in recent history but as far as getting all the way to 2 , you gotta have lenders who are willing to make loans with such slim margins and thats where you might get tripped up, in terms of staying where we are with record low Mortgage Rates, i dont see that going away anytime soon because of the aggressiveness with which the fed is approaching making sure the borrowing rates stay at record low levels. Stuart you told me a couple of years ago, ive been looking at a 30 year fixed below 3 i wouldve locked out of town i would not of thought that was possible, now its 2. 91. Maybe going further. Theres a bad side to all of this, the lower Interest Rates are great for the stock market, i got that. And theyre great for the Real Estate Market, i got that. But theyre terrible for the traditional saver. If 70 want the security of a bond, they dont pay you anything. They dont and people have to realize the import of jay powells message yesterday and what the fed is attempting to do, they are saying we kept Interest Rates at 0 bond for seven years and never going to endeavor to push that out to a decade, that is a nail in the coffin of savers, at some point when you put into your 70s and 80s, it is natural that you dont want to have as much risk exposure in your investment portfolio and you want to have money set aside in cash, its Natural Evolution for investors and yet savers are severely penalized in this type of an interestrate environment and forced to go out on the wrist specter, as we know has consequences. Stuart im in that position. And i dont want a half interest on my cash, so im going into stocks which have a very strong and save dividend, thats what im trying to do, does not make sense to you . I think theres something to be said with record bankruptcy, the highest unemployment that the country has seen in a century to exactly what youre talking about and that is looking at the company in america with the absolute strongest Balance Sheet where the Dividend Income will never be threaten and you can have that assuredly going forward, i think thats a solid way to look at the stock market right now because income streams and a low yield environment are so very critical as you point out for savers. I think that is sound thinking. Stuart thank you. Nobody has said about that me for a long time. Thank you very much indeed. Update on joe biden, he is going to get out of his basement, hes going to hit the campaign trail next month, with a change of strategy, will that move the needle for him, we will discuss, President Trump heading to the gulf coast as cleanup begins in texas and louisiana. Watch this. It looks like a tornado has come through or bomb has gone off. We can even recognize any of the landmarks, i did not even know this was our street. Stuart bill cassidy spoke to the president about the Recovery Plan and the senator joined me next. vo because we know you want to get back to going your speed. Steering life at 10 and 2. Youre prepared for this. And so are we. Soon youll get back to skipping the counter without missing a beat. Back to choosing any car in the aisle. Back to being the boss of you. Go national. Go like a pro. An army family who is always at the ready. So when they got a little surprise. Two . They didnt panic. They got a bigger car for their soontobebigger family. After shopping around for insurance, they called usaa who helped find the right coverage for them and even some muchneeded savings. That was the easy part. Usaa insurance is made the way liz and mike need it easy. You can adjust youriggest sacomfort on both sides. Eep your sleep number setting. Usaa insurance is made the way liz and mike need it can it help me fall asleep faster . Yes, by gently warming your feet. But can it help keep me asleep . Absolutely, it intelligently senses your movements and automatically adjusts to keep you both effortlessly comfortable will it help me keep up with mom . You got this. So you can really promise better sleep . Not promise. Prove. And now, all beds are on sale. Save 50 on the sleep number 360 limited Edition Smart bed. Plus 0 interest for 60 months on all smart beds. Ends monday. Stuart into tropical depression known as laura pushing through arkansas, a trail of destruction especially in louisiana, jeff flock is on the ground in all morning has been showing the devastation, that looks pretty bad where you are right now. Every hour and every time we move we get another storm that wants to rip your heart out, this is dalles by victoria, a bridal store that a lot of businesses, it takes my breath away to hear your story. This is ms. Vicki they call her, ive seen wedding gowns up there, tell me what the total. Im not really worried about the dresses that werent sold, my heart goes to the girls that lost their gowns in this building and have weddings coming up. Because you had them in their and you got some because you did in the middle of the storm and what im saying is when you cannot get out. This is where everybody comes in this part of the country to buy wedding gowns because you have a huge selection. We were over 10000 square feet with 7000 gallons. You took dresses because you said thats the right thing. We were holding them too post for their weddings and to get ready next year once things cleared up, we had many paid off dresses sitting up there waiting for girls to reschedule. We have a National Megaphone at the moment, say what you wa want. Help for yourself what you want. I dont want anything for me, i started with 600, we will rebuild, i love what i do in my customers know that in my main goal is to take care my pride. Anyone out there, what can they do to help. I mean maybe if the store across the country would take one bride at a time to replace what they lost. Okay, people are listening and i am so sorry for this loss, as you say you have a wonderful family and this is a business, she started late in life and she and her husband who is a retired Police Officer, they spent their whole life savings into this business and it is just one story. The store has been over 20 years but we started as a Consignment Shop and just kept building and building, we started with used dresses and redoing use dresses and making them work and then we moved to new ones. This is what is left. Stuart you are correct, this is a National Megaphone and please wish ms. Vicki are very best wishes and to those ladies who have lost their wedding gowns, i imagine the trauma of that. Great stuff. Ms. Vicki thank you very much indeed. Here is the senator from louisiana bill cassidy, mr. Senator you spoke to the president after the storm, what did he tell you about sending resources to help out . The president said he would send whatever is necessary that he was committed that the all government response would be there and nothing more can be committed that has not been already. By the way it is not just that we have the hurricane, it was not a moving story that you just had, is the issue of coronavirus and how we keep people safe, i think its an overlay of Public Health upon assistance upon which would be longterm rebuilding and the president committed to it all. Stuart as i believe, you have the virus and you are now in quarantine, how is your state of health, can i ask . Im doing better, im nine days into a going stir crazy. And so my family meets me at the door. Im lucky, wonderful support system and my health is improving, its the folks in lake charles and Cameron Brady your heart goes out to, 7000 dresses, my gosh, how many wedding dresses, anyway thanks for getting our megaphone. Stuart i want to point out what may be a bright spot here and that is the oil and gas industry in texas and louisiana seems to have dodged a bullet, i know exxon reopened the refinery of beaumont today, am i going a bit too far, dodged a bullet, i know there was some damage in a shutdown but it couldve been a lot worse. It absolutely couldve been a lot worse, as terrible as it w was, this only half as much as predicted in the store move pretty quickly which limited more rain, those refineries are built for such disasters. They have a lot of investment for the safety and the preservation of those facilities, it is important, thats where people work, the 7000 women that bought dresses paid for those dresses often times because either they or their future husband works and one of those refineries, it is important to get in peoples lives back up and running and that those places of work be working. Stuart wasnt that heartbreaking story, ms. Vicki, you saw it, it breaks your heart, not just for her but she actually said those young women who bought those wedding dresses and now abject disappointment, i thought it was a remarkable story that jeff flock came across. Last word. Those people almost always are the beginning of their life, they will recover. I think if there is a message from louisiana it was texas, arkansas, if you been affected, we can recover, a little assistance but thats whats great about americans, we have it within ourselves to respond and to recover and i think thats what you see with every one of those young woman. Well done and we wish you a speedy recovery prethank you for joining us. That was quite a segment. I gotta say. Mgm, the casino people sending separation letters to 18000 workers who were previously furloughed. They sent separation letters out this morning, those workers get to keep Health Benefits until the end of september. Not interested in the stock although its up 5 we just feel for the people who are getting the letters. Airlines on the upside today because of positive vaccine use, wherever the vaccine users positive whether a test or vaccine, airlines tend to do well, we might get back to doing some more traveling. However, looking southwest, and a newly released video, to employees, the ceo says Business Needs to double in order to break even, modest improvements in late july and august that they say passenger demand is inconsistent, the stock is up at 38. If you dont want to get on a plane or you dont need to go very far, you can soon take a flying taxi, i dont believe it but tell me more please lauren. Lauren look at it, i think that looks like balls on wheels, its very futuristic, top of the now and it travels 150 miles per hour, carries for people in their luggage, the british started behind this is vertical aerospace and they plan to start production next year so you can get in this thing in the year 2024, originally because its expensive they will use it to take people to the airport for instance but with time the price will come down and then this can be very transformative in a way that we travel. , geewhiz technology, that was a tearjerker of a segment i have to say, we needed a break. There you have it. Stuart we can relate to ms. Vicki and those women who lost their wedding gowns. Brought tears to the eyes. Thank you so much. Stuart sports brand nike under nike and armo under armour, then a political stance, could that backfire or hurt the sport, former giants star kiki barber is on the show and he will answer the question, msnbc joy reed compares President Trump toy dictator, watch this. That was not an american president giving an expectant speech, that was a monarch, it was very much what castro used to do. Stuart really . Thats only half of it, we will have more impassioned response after this. This is decision tech. Find a stock based on your interests or whats trending. Get realtime insights in your customized view of the market. Its smarter Trading Technology for smarter trading decisions. Fidelity. I wondered. Could another come around the corner . Or could it play out differently . I wanted to help protect myself. My doctor recommended eliquis. Eliquis is proven to treat and help prevent another dvt or pe blood clot. Almost 98 percent of patients on eliquis didnt experience another. And eliquis has significantly less major bleeding than the standard treatment. Eliquis is fdaapproved and has both. Dont stop eliquis unless your doctor tells you to. Eliquis can cause serious and in rare cases fatal bleeding. Dont take eliquis if you have an artificial heart valve or abnormal bleeding. If you had a spinal injection while on eliquis call your doctor right away if you have tingling, numbness, or muscle weakness. While taking eliquis, you may bruise more easily and it may take longer than usual for bleeding to stop. Seek immediate medical care for sudden signs of bleeding, like unusual bruising. Eliquis may increase your bleeding risk if you take certain medicines. Tell your doctor about all planned medical or dental procedures. Whats around the corner could be your moment. Ask your doctor about eliquis. Stuart what do we got on the screen right now, the market, the dow up 83 points, we came up rather nicely. Politics, joe biden is leaving his basement, after labor day this week he will travel to arizona, wisconsin, minnesota, battleground states, one and all. Katie walsh, Senior Advisor for the data rnc. Welcome back to the program, does biden getting out of his basement change your strategy at all . Nodded all, this is Biden Campaign saying we have to change our strategy because of what we saw the last four nights. Biden is not going to cut it anymore. You will see biden makeup for the fact that he has not been traveling, the president has been into wisconsin over half dozen times in the last three years, biden has been there 0 and what you will see is the Biden Campaign trying to get him around and move but i dont think itll make up for the fact that he has not been in the state for a long time. Stuart i dont know what capacity he will be traveling or how he will answer questions or address crowds or people or whatever, i dont have those details yet, and you think is good to be anything like the president when he goes on the road . I think we will see that to the convention, i think theyre going to be very, very socially distant, i dont think the how many people around him although it may work in their favor because i dont think many people will show up for joe biden and a lack of enthusiasm is outstanding for me. Stuart you are in charge of data, i dont quite understand that, the data person at the rnc. Is the data telling you that there is an enthusiasm, lack of enthusiasm for joe biden. Absolutely, i think we saw that that the four nights democrats had a week ago to prevenpresent their candidate, y had four nights to talk about joe biden everything he has done in the 40 years hes been in washington and all they talked about was how bad and how much they dislike trump. If they had data and pulling that showed them if we get joes stories into the country about him they will be with him, they wouldve done that, thats what we did we bought real americans and to talk about how President Trump has helped their lives and they brought people into talking a how much they hate President Trump, i think what youre seeing they looking to see what we are, i dont think these folks are super excited about joe biden, we have to make sure they really want them to dislike trump if theyre going to vote for joe in november. Stuart when the president rapidly Convention Last night he addressed a crowd, there were people in the audience, 1500 people, the picture right there, not many of them are wearing masks, did not like to be that much social distance between them, is it a pair to say that the president is ignoring the virus, putting on the back burner, is that accurate or fair thing to say . No, i dont think we can say that at all, especially with what we talked about the last four nights and what the president has done, operation warp speed, what he did to get more ventilators to hospitals that needed them, when we saw Governor Cuomo and Governor Newsom who would not be huge fans of the president and normally saying clippings in our video this week, the president did everything we asked him to do, hes been there and he couldve done better, when we hear government say things like that we want to understand the president has been lifting regulations to get a vaccine on record time, i dont think you can argue the president is not happening, he also got money in the peoples hands in a wrecker period of time without economy shut down. I know the white house and rnc hired a medical safety firm to help monitor that and that was upon entry and i think it was more striking to me was the folks around the country and theres no mask there and no ones asking questions about social distinction or what is right. Stuart one more thing, the media could not say anything nice about President Trump speech. I want you to watch msnbc joy reed compare President Trump to fidel castro. Watch this. That was not an american president giving an acceptance speech, that was a monarch, it was very much like what castro used to do, this would be the end of america if this is what were going to be this will not be a democracy, that the monarchy it was repugnant. Stuart would you like to give me a thirty second response to that please katie. That the narrative that the liberal mee media has tried to l for four years, we have four nights of real americans coming forward, talking to the country, unfiltered with nobody in between them and the voter telling their stories and talking about donald trump and what were seen as the Biden Campaign adjusting the strategy, what that tells me, they are saying holy cow, we thought we had a lot and we could use the media for the president s image in this country, the president has gone through that lost four nights in the Biden Campaign saying we have got to get out here because they just show their vision to the president that we dont want the public to see. Stuart and waiting to see the trombone from the convention, joe biden did not get a bump from hi his convention. I want to see the one from mr. Trump. Thank you for joining us we will see you again soon. Stuart lets talk about work from home, we have a new study and it says most employers do not see any drop in productivity because of remote working, what else is at stake. More than nine in ten bosses have said work from home is not affected productivity and that means they can trust us, we can be trusted after all this time to work not in the office from our home, this changes everything, changes where we live, where we work in the idea of nine to five, i know we dont on television but most people work nine to five, that is likely going away in exchange for flexible hours, split shifts and what it does is it pitches white color versus lon bluecolr Office Workers versus essential workers. I wanted tell you beneficiaries of the remote trend in companies that provide the hr resources in the financial tools, workday of 47 this year, the sales force being added to the dow, next week up 67 , up to is up 85 this year but down today and done a lot yesterday and here is the reason why, they say a tenth of our customer should be directly impacted to the crisis saying hospitality, and restaurants for the future for them is a little bit murky because they dont know if these companies will cut back on their business. Stuart we are productive when we work from home. And for tiktok, i think we are really counting down, tiktok deal, susan i see walmart, up three box, microsoft up close ended on record highs for microsoft, 631 and change is the benchmark here, its biggest retailer getting into the bid, its not exactly a tech company, a lot of people were surprised that walmart was interested in a teenage social media music app, there joining microsoft bid in explaining why saint tiktok would provide walmart for an important way to reach and serve omni channel customers as well as grow our thirdparty marketplace and advertising businesses but the ecommerce selling and advertising goods to tiktok users which has 100 million during the 800 million around the rest of the world and walmart only joined microsoft bid and when they fell apart, walmart is a burner for microsoft if you think about it, if you have to think about it look surprising because not only is an allamerican brand with what the white house likes but the white house and President Trump also has a relationship with walmart as well. In a commentary to amazon, and microsoft when it comes to cloud and rescale and walmart. Stuart could this be wrapped up in the next 48 hours. Lauren possibly, probably the next week. Stuart both stocks way out. The mets and marlins players walk off the field protesting the Police Shooting of jacob like, they said the latest team to join the movement, it started in the nba, former giants running back kiki barbara joins is next, i want to know is this too much politics and sports these days. We will be back. We love our new home. Theres so much space. We have a guestroom now. But, we have aunts. Youre slouching again, ted. Expired, expired. Expired. Thanks, aunt bonnie. Its a lot of house. I hope you can keep it clean. At least geico makes bundling our home and Car Insurance easy. Which helps us save a lot of money oh, teddy. Did you get my friend request . Uh, ill have to check. doorbell ringing aunt jonis here for bundling made easy, go to geico. Com. Hello . For bundling made easy, find your getupandgo. Find pants that arent sweats. Find your friends. Find your sense of wander. Find the world is new, again. At chevy wed like to take you there. Now during the chevy open road sales event, get up to 15 of msrp cash back on select 2020 models. Thats over fiftyseven hundred dollars cash back on this equinox. Its time to find new roads, again. Stuart Baseball Players walking out on games refusing to play, they are protesting over the shooting of jacob like, nba players refusing to play, President Trump all that political says the boycott is over and games will resume, only after team owners amplifying their roses, tiki barber, former new york giants running back. Do you think that there is too much politics and sports in the sports themselves are getting heard by politics . It is interesting, its an interesting question, i dont think there is too much politics and sports, i think we started to see the athletes know they are influencers and their voices matter in their platforms matters with their millions of followers and their ability to get educated and interact with the decisionmakers in their communities is important. And i heard this from the Dallas Cowboys and we look athletes in the sports are they playing the games that they put on as a distraction and an escape from whats going on in our societies but you cannot escape what is going on in our country right now and especially given all the difficulties that have happened around race in this country, yes they want to be that escape for our collective psyches but at the end of the day they have a responsibility, just like you are an influencer because you have a show on fox business and you inform the world, you influence peoples decisions, athletes know that they have the power as well even though they are paid to be entertainers. Do you think economics underlies the whole thing. Absolutely, the nba has agreed to go back, maybe that was a financial decision as well as a political decision because the owners are going to enhance the players messages on social media, but economics underlies this whole thing. It does underlie this whole thing but i think it a different way that you may be implying in the nba was probably going to lose about a billion dollars if they decided to cancel the rest of the playoffs and the lakers and the clippers led by lebron james and why leonard voted to two in the playoff, they decided to go back it is economically import for a couple of reasons, keeps the sponsors and those supporting the black lives Matter Movement in the social Responsibility Movement that the nba has been over the last couple weeks, keeps the active, more portly and this is what we dont think about too often, when you have money, you create respect and access and you create a platform or the ability to give resources the platforms that can affect change, while we dont think about this as a monetary issue, and absolutely is about money, back in the day athletes were not compensated as effectively or worried about their jobs, now the generationally wealthy and they can use those resources to make change in the communities that mean so much to them. Stuart we hear you so much, thank you so much for being on the shelf, the next time im going to ask you about the kiki boot that is over your left shoulder, i know what they are. Those are one of the great professional events have ever done in my life being on stage broadway with kiki boot. Stuart your brave man, we will see you again soon. Most certainly. Stuart the end of the workweek means its almost time for fridays feedback, you been sending questions and suggestions, we might read yours, back after the break. Now is the time for a new bath from bath fitter. Every bath fitter bath is installed quickly, safely, and beautifully, with a lifetime warranty. Go from old to new. From worn to wow. The beautiful bath youve always wanted, done right, installed by one expert technician, all in one day. Weve been creating moments like these for 35 years, and were here to help you get started. Book your free virtual or inhome Design Consultation today. Yeah. This moving thing never gets any easier. Well, xfinity makes moving super easy. I can transfer my internet and tv service in about a minute. Wow, that is easy. Almost as easy as having those guys help you move. We are those guys. Thats you . The truck adds 10 pounds. In the arms. Okay. Transfer your Service Online in a few easy steps. Now thats simple, easy, awesome. Transfer your service in minutes, making moving with xfinity a breeze. Visit xfinity. Com moving today. Stuart that is california, as we head towards the friday feedback statement, i want susan to come in, lauren, the first comes from an anonymous viewer, it is so nice to see susan back in the studio, now you have to get ashley back, the show is much more enjoyable when you have everyone in the studio, even guest, how do you like being back with socially distancing. I think it is more fun, you get more energy and get to play off each other it makes it easier for me. Stuart when are you coming back loring, when we come back and sit next to us. Lauren , i dont know when am i allowed to. The delay is killing me, we have one or 22nd delay so its like youre talking over somebody in a way. I miss you guys. Stuart we miss you, come back and sit right over there, theres room for all of us. Thousands gathered today, what else we got this is from dave, the best part when you say a new high, can you do it every day for us please . [laughter] im not sure thats a reference to my access, new height or reality of wall street where theres lots of new highs going. Were on a sixday winning streak, that is the longest record run that weve seen two and half years so i like new highs. Stuart seo force, new high. New highs in the market is up five months in a row, its been a Sizzling Summer and i know a lot of people say that the disconnect between wall street and main street but ill take it because if youre invested you are doing well. Stuart we will take that, what we got next, can you put on the screen im not seeing on the prompter, this is an anonymous viewer, stop using the term pandemic winners, no one wins in a pandemic it is insulting. Let me explain myself, theres a lot of people suffering from this pandemic, we dont celebrate that obviously but some companies are doing well because of the pandemic, nothing wrong with saying pandemic winners, what do you think about that is. Lauren i never thought about the way they anonymous viewer has, i think the person may be right, theres no winners in a pandemic, it is terrible and i like the changing economy and we have to find a new way to say it. I get your point but i also get the viewers point. Susan the numbers speak for themselves, when you 400, 500 rallies, thats a win for a pocketbook in a 401k. Stuart im afraid so, it is a win, the viewer her votes, that could be wrong, the next one from michael, enough about apple already. Apple has been a great disservice to society robbing those dumb enough to pay, outrageous prices to make phone calls. I was a 2. 2 trillion explains it all when youre the most valuable company on the planet that the planet has ever seen and there are a billion iphones out there, i think that kinda says that they love its been a game changer in exchange the world the last 12 years. An american innovative company. Richard has a request, please show in image of the street emptied next to an image of populated street before the virus. Here you go were looking at times square two very different pictures, we will get them up there for you. On the right hand that is times square now, deserted, lefthand the good old days, see all those taxis and tourist around, the place was full, when you think will ever get back to that. Year, maybe next summer, i do like it a little bit emptier, maybe not this empty but youre not elbow to elbow. What do you think, when are weakening back. Im glad you showed that because every time we show empty times square and sixth avenue we say its august, summer, so many people leave, i cannot exactly member, what is that usually like, that showed it much, much busier than it is now and when we get back there, i hope soon, i miss the traffic and the crowds in the hustle and the bustle. Stuart i wanted to be in the city again. New york is not dead. Stuart it will come back. We are out of time but they get to everybody who responded, keep sending us your feedback and send as videos, we want to see you to, more varney after this. Im a verizon engineer, and im part of the Team Building the most powerful 5g experience for america. Its 5g ultra wideband, and its already available in parts of select cities. Like los angeles and in new york city. And its rolling out in cities around the country. With massive capacity, its like an eight lane highway compared to a two lane dirt road. 25x faster than todays 4g networks. In fact, its the fastest 5g in the world. From the network more people rely on. This is 5g built right. Only on verizon. Neil programming no, making money, the barstool sports founder, the host there, they went to answer your questions, its going to be a new american best together town hall, next wednesday, send a message to fox business on facebook or instagram, email invested in you at foxbusiness. Com. Got it all in right on time. Neil it is all your. Neil stuart have a good weekend my friend, thank you very, very much, lets take a look at the corner, the dow up 92 points. Monday is the last day of trading for the month, a lot of people tend to look at the whole summer rally if you will, and concluding, if that were the case, the s p has been soaring, right now its on pace to the best summer since 1986, Ronald Reagan was president then, we will be looking back and looking forward at the same time, lets look at the market, some relief