Transcripts For FBC Varney Company 20240712

If it went ahead virtually, the nature of the interaction would change and interrupting would be much more difficult but the president says hes not going to do a virtual debate. Thats where it stands right now. At last nights debate orderly fashion and Kamala Harris failed to answer on key issues, she deflect order laughed it all off. Her silence revealed on what the biden team will do if elected. President trump goes all in on regenerons antivirus treatment. The president called it a miracle. Of course, hes been criticized for his use of an unapproved treatment. The stock, though, up big time, 3. 6 , 21 higher. Now look at the overall market after wednesdays very, very big rally. 840,000 jobless claims last week. Not having that much impact on the market this morning. We see the dow going up another 180. S p up 21 and look at that the nasdaq going again up 101 points. Possibility, they are still talking about some form of stimulus. Thats a positive. Looks like a still stalemate but they are still talking. The main point is, stocks have momentum and that is a big plus. Thursday october 8th, 26 days until the election, Varney Company is about to begin. If the Trump Administration approves a vaccine before the election, should americans take it or you should take it . If the Public Health officials, if dr. Fauci, if the doctors tell us, but if Donald Trump Tells us we should take it, im not taking it. Joe biden would not raise taxes on anyone that makes less than 400,000 a year. Joe biden will not end franks, hes been very clear about that. You just heard senator harris tell you, on days, joe biden is going to raise your taxes and abolish fossil fuel and ban fracking. You want to talk about packing a court, lets have the discussion. I want to record to reflect she never answered the question. Stuart do you like the debate . Okay. There you have it. The first and only Vice President ial debate, of course, we will get more into that in just a moment. Ive got to get back to real breaking news of the day, the hour, President Trump telling maria just moments ago that he will not take part in a virtual debate. Listen to it, go. No, im not going to waste my time in a virtual debate. Thats not what debate asking all about. You sit behind a computer and do debates, its ridiculous, and they cut you off whenever they want. [laughter] stuart okay, not going the waste his time in virtual debate. Look who is here wall street journal guy james freeman. James, if theres no second debate, that means no Second Chance for the president to catch up after his first performance. It seems like a negative for the president to me, what do you say . James certainly with a candidate who is down in most polls, you would think he would want more shots to expose the weaknesses of his component, but he may feel that a format thats not a live debate is not going to allow him to do that. Stuart well, do you think this favors either side . I mean, no debates or a virtual debate . I mean, who does this favor . I dont get it. James well, its possible that he thought Vice President mike pence scored a big win last night and theyve regained the momentum. I think hes had some positive messages this week about living our lives and reopening and hes obviously decided thats the theme of his reelection right now, that hes for reopening and revival and joe biden is the shutdown candidate and he may think that although the polls are tough right now, ultimately americans will choose reopening and revival. Stuart all right, lets get back to last night. Kamala harris in my opinion dodged many of the questions but the Mainstream Media went right after Vice President pence instead. Just watch this for a minute. Roll it. It was really stunning to see the way mike pence pivoted almost at every question. He who commands the fly has been seen historically as mark of the devil. Tonight he made my skin crawl. The constant interruptions, the man explaining. When i hear people say talk about man explaining and talk about things with Kamala Harris and a man shouldnt interrupt her and its going to look bad, Kamala Harris is a Vice President ial candidate. She should be able to stand up for herself. Stuart did you catch that, james . The fly is the mark of the devil. I think thats going a little far myself but i guess we knew the media would declare mike pence the loser and Kamala Harris the winner. No surprises, james. James no, i think they may be annoyed that mr. Pence really focused on the biden agenda which has not gotten that much coverage in this election season and specifically on the costs it could impose not just people in the Energy Industry although he did highlight a lot of those issues with the Green New Deal or the biden flavor of it, but for the economy, generally, clearly when you have a 4 trilliondollar tax increase on an economy thats just recovering now, thats going to have a big cost and i think he was right to call out mr. Biden saying, reminding him that if youre saying youre repealing the trump tax cuts, youre saying youre for across board tax increases up and down the income ladder. Biden and harris are saying, no, they will only raise taxes on businesses and rich people, but if you repeal the trump tax cuts, that means people up and down the income ladder are getting tax hikes. Stuart yeah, i want you to deal with this real quick, james. I hear a lot of people on wall street favoring a biden win. But, you know, if he won you could still have Elizabeth Warren as the treasury secretary. What do you think warren as treasury secretary . James i think its interesting why we havent seen the Market Pricing downward with mr. Biden leading in the polls lately. I think part of it, it goes back to money creation, 3 trillion or so by the fed. Im not sure youre getting a pure signal right now but as you suggest, theres also a sense that that hes not really a change agent that the change in tax regulatory policy may not be as dramatic as he is suggesting it would be but i dont think thats a good bet for investors who want to make an assumption that he doesnt really mean it in terms of the tax hike plan or the regulation plan on energy sources. I i really question that judgment. I think there was an argument that, well, he wont be adding as many costs on trade, but if you look at his agenda, its its an expensive trade agenda as well. So i i dont honestly i dont understand that but i do appreciate that a lot of people hold that view on wall street. Stuart okay, i hear you. James, thank you very much for joining us. I will move on and have a look at regeneron. The stock price is going straight up this morning. Up 2. 8 right now. Lauren, explain why regeneron is going up so much . Lauren the president said it was a, quote, blessing from god that he caught coronavirus, stuart, because he was immediately given regeneron antibody drugs cocktail while in the hospital and made him feel good as new and he shared that with Maria Bartiromo moments ago, listen. I had regeneron, i dont know what would happen without regeneron, all i know i had it and i was better within 24 hours, i felt perfect. I feel perfect now otherwise i wouldnt be able to speak to you. Lauren he also said that eli lily therapeutic given to those with mild symptoms, thats important, because doctors can administer to stop or even prevent symptoms. Lily has requested emergencys authorization for that drug and the president hopes they get it soon. He wants both drugs available for everyone for free, making the point that they are actually more important than a vaccine. I want to show you the stocks reaction to all this. Tremendous week for both of the stocks. Eli lili is up 2 . Its up about 5 on the week, regeneron is up almost 10 this week, stuart. Stuart quite a vote of confidence and endorsement from the president so regeneron and lily, im not surprised are up this morning. Lauren, thanks very much, indeed. We have the latest on the stimulus talks. Im not sure whether theyre going anywhere. Susan we heard President Trump mentioning this with maria just now, take a listen. Well, i shut down talks 2 days because they werent working out and now they are starting to work out and we are having productive talks, we are talking about airlines and a bigger deal with airlines. Susus help for Small Businesses, another round of 1200 stimulus checks. We know there were 2 conversations between House Speaker nancy pelosi and treasury secretary Steve Mnuchin yesterday. 25 billion on both sides. The markets are waiving it. Did you see the jobless claims that we got . Its positive because its down 9,000 from the previous week. We are looking at the weekly jobless claim. Improving economy. Stuart we are up 170 for the dow. Please, remember, we were up 500 yesterday. There was a big gain for the nasdaq and up again this morning on the nasdaq. About 100 at the opening bell. Now, when it came to the issue of packing, Kamala Harris seemed to have selective memory about what joe biden really wants to do about fracking. Joe biden will not end fracking. No, we would work it out, we would make sure its eliminated and no more subsidies. I guaranty you, i guaranty you, we are going to end fossil fuel. Stuart okay, which answer do we go with here. This is important because we are talking about americas dominance in energy and our independence in energy, people need some clarity on this, we are trying to give it too. We just showed you President Trumps regeneron treatment of cure, he looked good in the video and he sounded strong and energetic this morning with maria on the phone but do we need to see him address the nation in a live event putting him in front of a live camera, we are going to do that, we will ask the campaign about it next. And invented new ways to get by. Others were busier than ever, and found strength they never knew they had. We sheltered with the people who matter most, sometimes finding how far apart wed drifted. We worried over loved ones, over money, over our planet. And over takeout. And we found a voice one the noise out there had kept quiet. When the world starts spinning again, lets remember this time where none of us felt secure, and fight for a future where everyone can. Because when the world seems like its standing still. Thats the perfect time for us to change it. But when i started seeing things, i didnt know what was happening. So i kept it in. He started believing things that werent true. I knew something was wrong. But i didnt say a word. During the course of their disease around 50 of people with parkinsons may experience hallucinations or delusions. But now, doctors are prescribing nuplazid. The only fda approved medicine. Proven to significantly reduce hallucinations and delusions related to parkinsons. Dont take nuplazid if you are allergic to its ingredients. Nuplazid can increase the risk of death in elderly people with dementiarelated psychosis and is not for treating symptoms unrelated to parkinsons disease. Nuplazid can cause changes in heart rhythm and should not be taken if you have certain abnormal heart rhythms or take other drugs that are known to cause changes in heart rhythm. Tell your doctor about any changes in medicines youre taking. The most common side effects are swelling of the arms and legs and confusion. We spoke up and it made all the difference. Ask your parkinsons specialist about nuplazid. Stuart it is now october 8th, the october is historically very volatile month for the stock market. So susan, what do we look forward to in october . Susan going back to 1928 according to Deutsche Bank you can see a lot of ups and you can see a lot of downs, volatility tends to be the highest in october only settling down in the final 2 months of the year this is because president ial cycles, of course, and elections taking place in november every 4 years, that excuse october and makes a month where the pattern really should have peaked when it comes to investor nervousnesses, the fear gage is what we call, and usually highest in the year in october according to macro risks over the past 50 years or so and october has also seen some of the biggest stock market declines in history. Black monday in 1987, black tuesday in 1929, october is usually a month where Mutual Fund Managers want to lock in the gains with the businesses and then close the books to make their yearend look a lot better. Also by the way the month that you rotate after your strategy meetings in september coming back from the summer holidays, so october is a tricky month. Stuart of course, you have the election in less than 4 weeks time, that makes volatility, all right. Ly repeat this. Breaking news, President Trump literally moments ago with maria saying he will not participate in a virtual second debate. Erin perrin, trump 2020 director of press communications. Erin, i understand hes not going to do the virtual debate, is he going to hold a rally instead . Yes, the campaign has put out a statement saying that the president does intend to do a rally instead of doing a virtual debate. Listen, the president ial Debate Commission is clearly bias and full of nevertrumpers and in order to try to distract from Kamala Harris abysmal performance last night and the Vice President s absolute dominance on that debate stage, they are trying to put the finger on the scale for joe biden and, listen, the president is not interested in doing the virtual debate. He would rather speak to the American People directly without the super biased Debate Commission getting in the way. Stuart does this blow out the second debate, not going to do, not going to have it . As of right now the president has been very clear hes not interested in doing a virtual debate and instead he will hold a rally. Okay, i want to refer to the president s condition. I use that word, i think he looked good and vital in the video released about regeneron and this morning with maria he had loads of energy and on his game but i think voters would like to see him. They want to make their own judgment as to how well hes recovering. Do you have any plans to put him in front of a live camera today . I certainly dont have any news to break for you on that, stuart, what i can tell you this is the most accessible president. He talks to the American People multiple times every day in a bunch of different ways and what that looks like for the president , i will leave that up to him on how he does and as dr. Conely said hes back, we are excited to see the president doing so well out there talking to the American People and we know that any time he stands up and talks directly to the American People, the media absolutely loses their mind. So when the president does so, we know that itll make big news but we know the campaign is out there with operation maga, the Vice President will be out there today in arizona and nevada, eric trump in north carolina, don, jr. In florida. We are out there carrying the maga mantle for the president while he recovers. Stuart all right, how will you deal with the latest fox news poll because it shows that bidens lead is growing over the president , look at it there. A 10point lead as of right now. Ive asked the Campaign Many times, what are you going to do about these polls . And i always get the same response, well, our internal polls a different picture. Tell me, how are you going to deal with these polls which are moving against you 4 weeks till the election . If polling was any actual indicator of what was happening youd have president Hillary Clinton and not President Donald Trump but we know polling is notoriously wrong. Listen, the media covers the president 95 with negative coverage so its our job with the president , with the Vice President , with the army for trump to stand up and get the facts out there. Listen, the economy is one of the top issues and we know nobody has built a hotter economy than President Trump, you heard last night that Kamala Harris said on days they would get rid of the trump tax cuts. That means taxes will be raised for middleclass families, that means goodbye opportunity zones, goodbye child tax credits. Thats economic devastation. Stuart in the Campaign Battleground states, do your internal polls show the race narrowing or getting more in joe bidens favor . Our internal polling is say ing what we have known the whole time, we are tied or ahead in battleground polls. We know that this is going to be a tight race. Weve always under that and thats why we have a Grassroots Army thats out there. Its joe biden who is worried about the get out the vote effort and thats why the science must have changed for him because they are out there knocking doors when we have been making over 100 million and they will make a huge difference when it comes to results on election. Stuart im sure youre busy the day after the Vice President ial debate. Erin perrin, appreciate it. Thanks, stuart. Stuart yes, this is a thursday morning, 7 minutes to go till the opening bell. Youre seeing a lot of green, dow, s p and nasdaq on the upside. Back after this. Some things are good to know. Like where to find the cheapest gas in town and which supermarket gives you the most bang for your buck. Something else thats good to know. If you have medicare you may be able to get more benefits without paying more through a Medicare Advantage plan. Call now to request this free guide. Learn about plans that could give you more benefits from humana. A company with nearly 60 years of experience in the healthcare industry. Humana offers a wide range of all in one Medicare Advantage plans that include medical and Prescription Drug coverage. Plus valuable extras that may include the Silver Sneakers Fitness Program and mail order prescription coverage. 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A licensed humana sales agent will walk you through your options, answer any questions you have and help you enroll over the phone. Plans with a zero dollar monthly plan premium are available in many areas. Call now and well also send this free guide. Humana, a more human way to healthcare. Stuart all right, we are going up when the market opens this morning a cross the board. I see green. An ideal moment to bring in market watcher david with ubs. David, welcome back, egregious stuff, you say we are going up. Stocks could go up by 10 by june of next year. That depends on what . Make your case. David yeah, hey, stuart. First we need to get through the next few weeks and get clarity on the election outcome as well as the prospects for fiscal stimulus and finally the vaccine. I think we get clarity on all 3 of those things and thats going to takeaway a lot of the uncertainty thats been in the marketplace and those are the primary drivers for another move upside, another move to the upside in u. S. Stocks. Stuart do you think we get the 10 upside move regardless of who wins the oval office, whether its trump or biden . David i think its pretty likely in either scenario. I think the thing thats been overhanging the markets has been just concerns about additional fiscal stimulus, and if we do get once we get the election out of the way, i think that unlocks the path to additional fiscal stimulus and thats going to unlock the upside in u. S. Markets, so i think, look, whoever is in the white house come january 20th is going to be squarely focused on defeating the pandemic and getting the economy back on its feet, so the pandemic, i think, is really the main market driver, at least over the next 6 to 12 months as the economy recovers from the very, you know, difficult conditions that we saw earlier this year. Stuart would you still say that the market goes up 10 by june of next year if joe biden wins and appoints Elizabeth Warren at the treasury secretary . David yeah, look, i think i dont think Financial Regulation is really very high on the agenda for almost anybody at this point. I mean, the case for a very restrictive level of Financial Regulation i think is fairly weak. The system is working pretty fine right now and i would look, the system has absorbed this this massive shock weve had to the economy and banks are functioning, the system is working well. The other thing to bear in mind, stuart, with Financial Regulations, the fed is the most important body here and from that perspective jay powell will remain as chair until february of 2022. So, you know, not much change i dont think we will see in terms of Financial Regulation. [bell] stuart all right. David, thanks for joining us. We appreciate it, see you soon. You hear that bell, that means we are trading. 9 30 eastern time and right from the getgo we are up, nicely so, thank you. Up 117, 109, not quite the big gain we were expecting but i will take it. Up onethird of 1 for the dow industrials. And most of the dow 30 by the way are in the green. Weve got a half percentage point gain for the s p 500, nice gain there. How about that nasdaq . Whats going on there . Its up twothirds of 1 . Nice gain. Lets show you the vaccine makers focusing in particular on regeneron and eli lily, President Trump hot on both of their virus treatments, he wants the fda to grant them both, get the products out quickly to the public. Both stocks up nicely so, 16 bucks for regeneron, 284, 2 for eli lily, big tech, you to check it always, of course, we have a picture green. Amazon, apple, facebook, microsoft, all on the upside. No huge gains, but plenty of green. Ibm, i think thats up yes. We are not used to this. 6 up for ibm. Susan trying to make it simpler for ibm investors they say tax free, so big blue spending Manufacturing Services units which helps companies reduce cost and makes it easier to find data and that unit is worth 500 billion in growth industry. So whats left, ibm wants to focus on cloud which is margins and more profitable. New ceo took over this year, his name is arvid, also behind ibms biggest acquisition in history buying company around 34 billion. Ibm as you know is being left behind in a technology war. The stock is down over 7 this year compared to that big cloud players like amazon, microsoft, google, all up 10 and 70 on the year and big blue is trying to find some way to stay relevant. Stuart i wonder how many viewers remember that ibm is called big blue. Susan really . I thought that was known knowledge. Stuart ibm stands for ive been moved. [laughter] susan here we go. Stuart i remember these days. Ibm, look at them up, up 6 bucks. The airlines, they are still hoping for stimulus from the government, ashley, whats the latest on that . Yeah, still waiting at the airport so to speak. Nancy pelosi and secretary mnuchin will reportedly talk again today about the struggling Airline Sector after a 20minute phone call yesterday on the issue. That news alone has given boost to the Airline Stocks and 1 or 2 , united up nearly 3 , the carriers want another 25 billion in payroll support to keep workers on the job for another 6 months. The previous aid package that we have been talking about ran out on september the 30th, American Airlines and united have begun the furlough of 32,000 workers, that began last week, tens of thousands more of those airlines and others have agreed to voluntary leaves, all reduced hours. Without more federal aid, Southwest Airlines now says it will have to carry out the very first furlough in its history if workers do not agree to pay cuts. U. S. Airlines says many more job losses are expected across the the industry in the weeks ahead if payroll support is not extended. We have been hearing about this from the airlines for the last at least 2 months, but now they are the stocks go up and down with each headline throughout the day, stu. Stuart reminds me of the expression, any day now, any day now, we might [laughter] ashley yes. Stuart all right, ash, cosco, look at it go. Well, not the stock price so much. Business is surging i understand. Susan thats right. You saw big pop in after hours, bulk buying at discounted ratess is in especially for essential items. Huge numbers in cosco, foot traffic in september continuing record run. Up nearly 16 . Stuart really . Susan the last quarter of bulk discounter saw the largest Quarterly Sales growth in history, companys history in september and also benefiting from a later shift on Labor Day Weekend and the moon festival and great momentum heading into the final months of this year, the final 3 months and final quarter, cosco sup 24 on the year. One of your Favorite Places to meet and greet your fans in maples, florida, right . Stuart whatever you say, yes, it is. Susan and the samples. You pay for the samples . Stuart no, you dont. Ive got more for you. Susan yeah. Stuart Dollar General hoping to bring wealthier shoppers in the doors . Susan when the name Dollar General you are thinking cheaper, they are looking for a brand new brand of stores, party supplies, home deco, they will be in the suburbs of larger cities with two planned for nashville, tennessee area in the next few weeks and 30 by the end of next year. Items would be priced low, mostly under 5 and designed to appeal to women from households that earn as much as 125,000. Dollar general tried to attract shoppers and core customer are usually women from households that earn around 40,000 a year according to executives. Dollar general sales have soared throughout covid because people have looking for deals and stores are closer to home and trying to hunt down an elusive pack, toilet paper or disinfectant wipes. In the most recent quarter the company is doing very well. We have sales up some 19 . Stuart look at the chart. Thats a stock chart to die for. Thats straight gradual sloping up to the right. Susan isnt it interesting . Getting both sides of the market. Stuart now we have news on disneyland, ohoh, disneyland in california not reopening any time soon, the latest, lauren. Lauren this story makes my blood boil, Governor Newsom says, this is a quote, to open up theme parks in california. They would be led by health first and we will be stubborn about following it. They are, theme parks, universal and others, they are losing money and laying off workers and they are impacting the local economies where they do business because they have been shut for 7 months and california will not even give them a timeline for when they can get back to business. How are you supposed to do business in california if thats the message that youre getting from local officials . Disney is responding to this. They say we completely reject the fact that we are incompatible with the health first approach. Weve opened our other parks with scientists advising us and weve done so safely. Stuart bob iger might want to think about giving his money to a Different Political Party because he supports the democrats and newsom is a democrat and california is a democrat state and they are not letting him open his theme parks, okay, got it. Thanks, lauren. Poor lauren had to sit there while ranting on iger in california. Lauren i agree. [laughter] stuart how about this . Killer mike, hes on the show today, did you know hes the son of Atlanta Police officer and has other Police Officers in his extended family and hes very passionate about his community. A lot to go out with him. Killer mike on this show. How about that . Kamala harris yet again dodged the question on whether or not she plans to pack the Supreme Court. Watch this. Are you and joe biden if somehow you win this election going to pack the Supreme Court to get your way . Im so glad we went through a little History Lesson. Lets do that a little more. In 1864 id like for you to answer the question. Stuart right. Here is my opinion, if you dont answer that question about packing the courts, you are going to pack the courts. She did, however, confirm that on days if the bidenharris ticket wins they will raise taxes, more on that coming up next. This is the feeling of total protection now that we protect your identity, and mobile phone, as well as auto home and life youve never been in better hands allstate click or call for a quote today joe biden has been very clear he will not raise taxes on anybody who makes less than 400,000 a year. Mr. Vice president , im speaking. Im speaking. The importance is that you say the truth. Joe biden has said twice in the debate last week that he will repeal the trump tax cuts. The Vice President earlier referred to as part of he thinks is an accomplishment, the president s trade war with china. You lost that trade war. You lost it. Lost the trade war with china, joe biden never fought it. Stuart Interesting Exchange there with with ms. Harris. Very interesting. Tyler goodspeed acting chair of economic advisers. I want to bring this to your attention, taylor. Larry kudlow confirmed moments ago on fox news that the president is focused on standalone covid bills. Now i think standalone bills would still require significant democrat support. Can he get that support for standalone covid bills . Well, first of all, stuart, please do alert me of a fly that lands on my headed to. I can confirm that what we did earlier this week was to detach ourselves from a negotiation process in which Economic Impact payments to low and middleincome households, support for airlines which is an entry thats been particularly hard hit by governmentimposed shutdowns. What we did is detach those from a negotiation process in which they were being held hostage for the ransom of hundreds of billions of dollars in essentially bailout money to state and local federal governments. And so we are going we are absolutely committed to providing that relief and i think a testament to that is that back in august when many, many people in washington, d. C. Could have act today provide payroll tax relief to workers during the pandemic, many people in washington would have provided continuation of Unemployment Benefits and could have provided relief for student borrowers but only one person stepped up and provided that target and timely relief. Thats testament to our commitment in trying to deliver this relief where and when needed. Stuart is it totally politicized issue, isnt it . If you help and put out virus aid you want to get the credit for it and its the question who gets the credit . Its staggering, stuart. At the end of the day we put forward a trillion dollars and the speaker essentially said she would we have made offer after offer, we offered 105 billion, the goal post was then moved. The goal post was moved. When it comes to state and local government, we provideed help for state and local governments. 150 billion and we offered 250 billion and, again, it seems the congressional leadership would prefer that that state and local federal governments get nothing than that they get 250 billion. Mind you, we didnt rule out the possibility that we could revisit the issue in subsequent rounds of negotiations but 250 billion was upperbound of our estimate of the anticipated shortfall and so we wanted to provide that and we could revisit the issue we needed in subsequent rounds of negotiation but evidently congressional leadership preferred that americans got nothing at this point than they get whats needed. Stuart all right, taylor, thanks for joining us, we will see you again soon. Thank you. Stuart interesting story from jp morgan, they are investing 30 billion to narrow the racial wealth gap. Susan billions of dollars in loan to black and latino home buyers and Small Business owners, jp morgan as we know is americas biggest bank, 30 billion over 5 years over an extended period of time. 8 billions dollars will go towards mortgages to minorities and 2 billion to Small Businesses in chicago, la and detroit. Still, though, you think about it 30 billiondollar pledge represents a small fraction of jp morgan 3. 2 trillion in assets. Now remember back in 2017jp morgan paid 55 million to settle allegations that it charged some black and hispanic home buyers a higher Mortgage Rates than say caucasian or white home buyers and the bank also in 2018 set aside 4 and a half Million Dollars to recruit and mentor black employees in what they call antibias training as part of settlement with 6 black Financial Advisers who claim there was systematic racism at jp morgan. Stuart subsidy. Subsidize mortgages and loans to Small Business runed by blacks and hispanics. I call it a sub subsidy. You can call it that, i wont. Stuart watch this and you decide. I just think covid is god gifts to the left. Stuart note the laughter there, thats very interesting i would say. We have more on that coming up for you, believe me, we do. The nba says they are likely to pull black lives matter messages off the floor next year. Former nfl star Hershel Walker is here on that subject. Hes in our 11 00 oclock hour. Stuart we will show you the big tech stocks this morning. Most of them are up, microsoft is down, remember, please, the house of representatives had issues to report sort of thing to be regulated or broken up. I think broken up was the expression that was used here. Our next guest says its a buying an opportunity. How are you doing . Stuart im doing well, ray. Both sides of the ill calling for either regulation of big tech or just break them up. I cant see how thats a positive, do you . Well, actually it is when youre buying on the stock side in terms of the value stock because a lot of the stocks couldnt be worth more broken up than together. So if you take apple stuart which ones would be more worth more broken up than they are now . I will give you an example, amazon and aws unit on the cloudside of business can be standalone business and do well. Amazon on its own in terms of other units they are coming up with, in terms of what they have not only in retail side but what theyre building in the future. Facebook doesnt make sense broken up. Apple doesnt make sense broken up but google has its own cloud unit but some of the businesses can turn out to be more valuable as standalone entities. Should they be broken up . No. These companies are bringing much more benefit together competing in a global stage than they are apart at the moment. Stuart look, i was on the air reporting on the attack on microsoft back in the 1990s. The government went right after them. Chased them down and the result was that microsoft was hamstrung for a decade. You can have the same thing happening to great names of technology now. That could happen in the case, but i think there isnt a good case in general to break them up because the consumer is getting a benefit at the moment. Prices are still going down. You get a lot of Free Services from search to maps to lower costs and shopping. So the benefits currently outweigh the costs. You still have free markets and fair competition, yes, you pay 30 to get on the google store or apple store but the main point is thats Distribution Network going direct to consumers, takes away so much in costs. So right now there isnt a real good case at all for any kind of antitrust action. Its more political around at the moment. Stuart yeah. When we do get to the point where there isnt the competition and we dont have fair markets, then they should be broken up. But right now with all of the talk, my guess it wont happen. Stuart dont forget the politics of this. Got it. Thanks for joining us again. Appreciate it. Still ahead here is what we have, brian brendberg, pete hegseth and joe concha all on varney today. Liberty. Liberty. Liberty. Liberty. You know, malcolm audibles goof course, podcasts. Ks. Originals. Bestsellers. Future bestsellers. Reentering data that employees could enter themselves . Thats why i get up in the morning i have a secret method for remembering all my hr passwords. My boss doesnt remember approving my time off. Lets just. Find that email. The old way of doing business slows everyone down. With paycom, employees enter and manage their own hr data in one easytouse software. Visit paycom. Com for a free demo. Stuart almost exactly 10 00 eastern time. Weve been open for 30 minutes. We have a modest rally after yesterdays big rally. We got this too. Larry kudlow confirming on fox news this morning that the president is focused on stand alone covid bills. The big headline though this morning is the president. He says he is not going to participate in the next debate because it will be virtual. He says he doesnt want to waste his time in a virtual debate. Stock of the day at this moment, probably regeneron. Up about 2. 3 . After the president called his virus antibody treatment a miracle. He had been using it since last friday. Thursday morning. Just after 10 00, you know what that means, ashley, Mortgage Rates. What you got . Ashley yes, thank you very much. The rate this week, stu, comes in at 2. 87 . Down ever slightly from 2. 88 last week. This has been aroundth level for a while. Freddy says rates flattened last month, albeit at record low levels. He said the economic rebound is certainly slowing down. That said, demand for housing is still strong especially among firsttime home buyers and more affordable regions like the midwest. We have record low levels of the rates on 30 year fixed rates. Thats great. The demand remains strong and i would say encouragingly among firsttime home buyers. Certainly a suggestion that the economy not picking up as fast as maybe it was two months ago or so. So, you know, a good and bad news report i guess. Stuart i would invite our viewers to take a look at the florida market which is pretty strong i would say. You know that for a fact, ashley. Ashley i do. Stuart dow up 118 as we speak. The nasdaq is up 58. And now this. The purpose of debates is to show voters what the candidates would do if they won. Kamala harris didnt tell us. Mike pence pushed her. He was cool, he was calm but senator harris deflected the important questions or just laughed them off. Actually i think her silence spoke volumes. Case in point, packing the Supreme Court. Pence asked about it repeatedly, didnt get an answer. Instead harris deliver ad History Lesson about abe lincoln. I concluded that she would appoint extra justice to guarranty a liberal Majority Court forever. That she will pack the court. That is what i got out of it. Hehere is another issue she ducked. Taxes. Would a massive tax increase hurt the recovery . No answer to that question. She did say she would raise taxes on day one if elected. She deflected. Talked about Infrastructure Spending and no clear answer on taxes. Green new deal. How about that . The senator harris ignored the question. Ban fracking yes or no. She contradicted both her earlier statements and joe bidens. This is very important because americas Energy Independence is on the line. There was one statement from senator harris that really stood out for me. She said the response to the virus was the greatest failure of any american administration. She never said how the biden team would have responded. She did say that if President Trump recommends a vaccine she wouldnt take it. So after herculean effort to get a vaccine in record time, senator harris just dismisses it and undermines the whole vaccine effort. By not answering questions about the important issues senator harris perhaps inadvertently covered up what a Biden Administration would do. I have to conclude they will pack the court, destroying its independence. They will drastically raise taxes without regard to the consequences. They will go forward with the absurd Green New Deal, yes, they will lock you down again, handing over control of the economy to the scientists. It is not a question of who won the debate last night. It is a question what it revealed. The second hour of Varney Company just getting started. You lost that trade war. It is because of a socalled trade war with china america lost 300,000 manufacturing jobs. Farmers have experienced bankruptcy because of it. We are in a manufacturing recession because of it. Lost the trade war with china . Joe biden never fought it. Joe biden has been a cheerleader for communist china over the last several decade. Stuart well i would pick up on the manufacturing jobs loss. Senator harris said 300,000 u. S. Manufacturing jobs lost because of the trade war with china. That doesnt seem quite right to me. Lets have brian brenberg, economics professor at Kings College in manhattan set the record trait, brian. Stuart, im not surprised Kamala Harris chose that 300,000 number. It is not fact. It is conjecture. It is based on an estimate from moodys. You might know moodys. Theyre the guys who are saying joe bidens taxandspending plan will create seven million more johns than the trump plan. They are the one who said in 2016 if trump was elected we would see a massive recession and spike in unemployment. Theyre consistently wrong. Theyre biased in my view and maybe more than a little bit. This is pure speculation. Harris and biden have to resort to conjecture, if you go on the facts they dont have a case to make on the economy, especially during the first three years of the trump admin. Stuart so 300,000 manufacturing jobs have not been lost because of our dispute with china, categorically not, is that right, not . We, the first three years of the Trump Administration we added half a million new manufacturing jobs. Stuart, the 300,000 is moodys conjecture where we might have gone. Dont buy it. We cant live on conjecture, stuart. We have to live on facts. Stuart now talk fracking, that is extremely important question because americas Energy Independence is at stake. Brian, listen to this exchange over fracking. Roll tape. I will repeat, and the American People know that joe biden will not ban fracking. You yourself said repeatedly you would ban fracking. You were the first senate cosponsor of the Green New Deal. Stuart brian, which is it frack or not frack, which is it . Wouldnt you really like to know what bidenharris will do . They wont answer a straight question. They say both things. When you say both things the answer is who are they beholden to . You know the answer to that because both harris and biden had to pander to the left to stay alive and for biden to eventually win his primary. At the end of the day the gravitational pull is left. Fracking has a short life under this administration and until they will go back and repudiate what they said in the past and say it clearly, we know where the allegiance really lie her. Stuart if you ban fracking, say goodbye to americas Energy Independence, Americas Energy dominance. That is my opinion. I think you agree with me. Thanks for being with us, fellow. You bet, stuart. Stuart got it. Stuart back to the market. Pretty good rally. It is not huge. Were up 102 points as we speak. All right, now this. Money is pouring into america. Oak, it is hard to track it but it is no surprise. It is coming here because america offers a return on your money. What a concept. You buy an american treasury bonn and you get some interest, not much but you get something. That is not true if you invest in bonds from european governments or much of asia. There they take your money and they dont give it all back. Yes, theyre still in negative interest world. Mark grant is with us, he is the guy pointing this out to me for a long time. Mark, i dont know what the longterm consequences of this are but i surely believe that it makes our debt much cheaper to finance. Have i got that right . Yes, stuart, you have that exactly right. As a matter of fact there are only three major companies, countries in the world with positive Interest Rates right now, the United States, canada, and australia. All the european countries, most of the Asian Countries have negative yields even after 10 years. So it is creating [inaudible]. Very large Money Managers directly [inaudible] stuart hold on, everybody. Keeps coming into the United States only place left to get yield. Stuart lets continue. Mark, we have a little bit of interruption, a bit of a freeze on the shot there. We got the gist of what you had to say. Sorry. Stuart it is not your fault. It is Wonderful Technology we have not quite mastered just yet. That is bond and treasury rates. Lets deal with the stock market side of things. Youre worried about Political Uncertainty in the markets right now. Spell it out, mark. Absolutely. What were seeing the yields even in our bond markets wont support the lifestyles of seniors or retirees. Wont support insurance companies, pension funds, university endowments. What were seeing is a move out of bonds into highyield bonds which obviously carry a lot more risk. Or the equity markets hoping to make money on appreciation. One of the things ive been saying consistently for the last month or so since you mostly talk about equities, let me make a bond comment, im the anointed bond guy, people should look at their bond portfolios especially zero through seven, eight years and see what kind of profits they have, whether it is worthwhile taking those profits since most bonds mature at par and locking up some gains. In terms of the equity markets they keep pushing tech, they keep pushing these Business Development companies. It makes me somewhat nervous when there are Blank Check Companies that are some of the highflyers in the equity market having been around wall street more than 40 years, it is my opinion that that is not going to go on forever and you got to be prepared for it. Stuart should i sell my microsoft now, mark . You know, i dont think it is all or nothing. I think, stuart, its a question of paring it down, having some extra cash going into the elections just making sure that you preserve your capital which is a heck of a lot easier than trying to make new capital. Stuart at my age that is exactly what you try to do forever. Mark grant, well fix the technology later. Mark grant, youre all right. Thanks. Thank you, stuart. Stuart were going to check those airlines. Why not. Speaker pelosi, treasury secretary mnuchin in talks for 25 billiondollar stand alone aid package for that industry. It comean capping ceo bonuses, stopping stock buybacks, even the government taking an equity stake . Would that be worth it . All right, well ask the question. And now this, 128 illegals arrested in california sanctuary cities in the last couple weeks. Of those apprehended 96 either have criminal convictions or are pending criminal charges. Ken cuccinelli on that coming up shortly. Also ahead, rapper killer mike, he has been very vocal about the rioting in our cities and defund the police movement. After all he is pro a police family. Watch this. Im the son of an atlanta city Police Officer. My cousin is an atlanta city Police Officer. And my other cousin is east point Police Officer. I have a lot of love and respect forePolice Officers. Stuart killer mike on this show moments from now. Our Retirement Plan with voya gives us confidence. We can spend a bit now, knowing were prepared for the future. Surprise we renovated the guest room, so you can live with us. Im good at my condo. Well planned, well invested, well protected. Voya. Be confident to and through retirement. The rx crafted by lexus. Lease the 2020 rx350 for 409 a month for 36 months. Experience amazing at your lexus dealer. Stuart were holding on, barely to the rally. Were up 80 on the dow, 44 on the nasdaq. Why dont you show me roku because i think it is up yes it is. 5 up. 224 is the price. What is going on . Susan a pair of upgrades today. Start with needham raising the price target to 255 for the stock. So there is still some upside. Deutsche bank raising the price on roku to 235. It hit a record high. It surpassed the highs in the past were. The reason people are streaming, staying at home instead. Roku reported billions of hours being streamed during the covid lockdown. This is the takeaway and stay at home winners. Stuart it is the streaming stock. Streaming is winning so big time. Susan they control 40 of the market on Television Records and boxes that play out some of the streaming services that you have. Even you have one, right . What does that say. Stuart somebody gave me a roku box. I gave it away. Susan usually comes free. Stuart im sorry about this, susan. Constant subject of conversation. Oh, this is good. We got news on a new fda approved rapid virus test. It is from the doctors at ucla. Lauren, the news please. That is the wrong picture of the screen. This is not a swab that goes up your nose, ouch. You just spit in a tube, you get your results within 12 to 24 hours. The cost is 10. Ucla says it is scalable. What that means a small team of 10 people can process tens of thousands saliva samples a day. I want to point out, the fda has not approved any covid test but yes, they have given emergency use authorization to more than 270 tests including this latest rapid one, stuart. Stuart i dont want to give you too much information, lauren. But i did take a spit test yesterday. But i had a great deal of trouble getting enough spit to fill the little thing youre supposed to fill up. But i tried, i think well move on. Lauren would you rather they stick a swab up your nose all the way up to your eyeball instead . Stuart no way, no way. Let me have the spit test. Our next guest ran the numbers on the bidenharris tax hike. 2,000 a year extra for the Median Income family of four. Grover norquist put that out. He is with us now. Grover, extra 2,000 bucks a year for the median family of four but that is not what the biden team is saying. You only pay more taxes if you make more than 400 grand a year. Justify your 2000 bucks. The president , mr. Biden is saying two things that cannot be both true. He is repeatedly said on television, weve strung them together on a video and sent them out to everybody, i will repeal the entire trump tax cut. The entire trump tax cut, day one he often says, day one. And Kamala Harris said exactly the same thing 13 different times. We have nine times biden saying he will repeal the whole thing. Since the tax cut you can look at it was a 2,000dollar tax cut for Median Income earner for two children, four parents, four people in the family, that is 2,000dollar tax cut when you take it all together, Median Income. That would all go away. One way to think about that number is 22 million americans got 1000dollar tax credit under the old system per child. There is now a 2,000dollar tax credit per child. And that now 33 million people, the income that people can get at went up as well. So they doubled the perchild tax credit. They doubled the standard deduction from 12 to married couple to 24 single, six up to 12. You have can see those numbers, when you add everything together, the direct, the tax cut on your personal income taxes is 2,000 for that median family and theyre fibbing because their argument is nobody got a tax cut. If you add in the real value to americans of the Corporate Income tax where 50 to 60, maybe 70 of that goes directly into wages, so when Companies Get more money, earn more money, allowed to keep more money after tax, 60, 70 goes straight into wages for workers, that is not even counting that in because of course that is too much to ask biden to understand. Stuart grover, so it is not just tax the rich, it is tax middle america. That is the way it is going to be. Trickle down taxation. Stuart you got it. That is good word. Trickle down taxation. I will steal that from you. Do. Stuart trickle down taxation. See you again, grover. See you soon. Takes care. Stuart from Silicon Valley, isnt entirely expected, the tech guys emptying wallets for president ial campaign. Theyre definitely favoring one candidate. Lauren i know who it is. Tell us formally. Lauren you dont need to tell me it is joe biden but tell you how much Silicon Valley is favoring biden. Looks at the latest numbers, since last year, google, amazon, apple, facebook, oracle, and microsoft, their employees have contributed 4. 78 million to the Biden Campaign versus 239,000 for President Trump. The biggest democratic donor is google with about a third of those funds but this was also interesting. These six companies, their Campaign Contributions are up for both nominees, compared to 2016. So they have given two times as much to joe biden as they did to Hillary Clinton and four times as much to President Trump for this go round. Stuart there is still enormous gap between what trump gets and biden gets. Gigantic gap. Lauren more is at stake, if you ask me about all the regulation that could be coming down to these companies especially with the house report. I might reverse some of that funding. That is just me. Stuart it is me as well, ash lip. Lauren, thanks very much. Show me this one, please. Coty, as in coty beauty, that stock is up 8 . They announced theyre expanding Kylie Jenners skin care line, it will be available in britain, france, germany, as australia. Kylie jenner is one of the stars of keeping up with the kardashians. How about mcdonalds, their sales are bouncing back. What are they doing right. Susan drivethrus, you know who travis scott is . Stuart rap star. You node who he partnered with . Kiley. Sales turn around at golden arches up 4 1 2 from july through sent. Coming up from 8 1 2 drop during the spring quarter. People staying at home because of covid. Mcdonalds offering simpler method which made drivethrus much faster. Offering the first celeb meal in 38 years. 38 years since Michael Jordans last meal in 1992. That led to a 20 jump in app downloads in september. Thanks to the celeb success. Theyre partnering up with a reggae star, joe belvin. Must have fins, Cinnamon Rolls will join the allday menu. First kang of the standard menu at mcdonalds in eight years. People raising price targets from 225. Stuart you went to a fastfood operation, they want fastfood. I like that. Susan fast. Stuart ripper, killer mike, son of a Atlanta Police officer, what will he say about defunding the police. He is on the next. Im the son of an atlanta city Police Officer. My cousin is an atlanta city Police Officer. And my other cousin east point Police Officer and i got a lot of love and respect for Police Officers but we have to be better than this moment. We have to be better than burning down our own homes. Stuart all right. That is michael render, also known as rapper killer mike. He is onehalf of the hiphop duo, run the jewels. As you heard he is a son of an Atlanta Police officer. He is active in politics. He was a Bernie Sanders surrogate. He is a proud business owner. He got backlash meeting with Governor Brian Kemp on the state of the economy. Killer mike, good to see you, sir. Good to see you. Stuart i got a big picture question to start with. I know that the black community has a great deal of political power at this moment. Yes. Stuart you got that power. Yeah. Stuart my question, how do you turn that into economic success . What do you say . Lets first acknowledge you have around, usually groups of people form economic power and their influence politics. Africanamericans have had the unfortunate history of not being allowed to be in the economics game except for being property of the state which we were brought in 1619. And then after even having freedom and emancipation, having toe deal with jim crow, red lining things that made it incredibly harder. Not even participating in the g. I. Bill. We treat the black phonings like a dollar. We use that voting block to help on local elections to help National People win. What we need to start demand in return for that vote, the municipalities banking with our institution, ines having in us as young Business People and gives us opportunity america has promised. We can more grownly affect the globe financially. What we need to do at this moment what we need to do at this moment besides voting, take care of our dollars. We need that by banking with [inaudible] stuart got it. President trump announced a couple weeks ago he has got this 500 billion, half a trillion dollar, i think he calls it the platinum plan. Im not sure the name of it. He wants 500 billion to be invested to flow into the black community. Are you proof of that . Is that something you can really go for . Do i approve of five billion dollars coming to the black community . Stuart 500 billion. 500 billion. I would approve if aliens came from mars. I would approve of a lot of things. I think this country actually owes us in terms of rep pa is as and investment over 16 trillion. But what i do like about the plan is that we were actually given a plan that is for black people. I think that the democrats and republicans can do a better job at helping the Africanamerican Community, especially the Africanamerican Community that is the foundation, meaning people brought here on slave boats from 1619 through the 1800s. I believe if our community is stronger economically the Greater Community is stronger. How do you strengthen the economy. Teach people literacy. Small and regional banks with easy access greenwood which is on your phone. Use your dollars like a vote. Focus those dollars. When you have a greenwood check, banking card, once you use the card it goes to help organizations that helped black people. It is going to help businesses by putting capital in the businesses with people that look like me. So i think that you know, that money from him, money from any party is owed and due. It is not a gift. It is not benevolence doing it. He understands as a business person if the Africanamerican Community is robust with 3 million new jobs 500,000 new businesses and 500 billion influx in capital, that community will serve the Greater Community and that dollar will turn in america more often, giving us a stronger country. Stuart mike, im sure you know this, b. E. T. s founder rob getter johnson and weighed in on the election. He said, im quoting now, i will take the devil i know, i believe that would be President Trump over the devil i dont know anytime of the week and that would be joe biden. Whats your reaction to that . My reaction if a billionaire who has done business and is from my community, has done amazing amount of good in my community refers to both men as devils, i could say well he knows something about the way they have done business. The devil i know is the old adage, you stick with, you there are no kind masters if theyre both masters. Mr. Johnson has mastered the dollar. I think im encouraged rather, im encouraged about the fact he talked about reparations with trump. He didnt go there begging for something. He didnt say like me, lets golf. He talked about reparations. Talked about getting our community to a point where we can do better. No matter who wins were owed something as a community. No matter who he supports, who i support, whichever devil makes it to office owes us a due. I want to know black america, whether the devil you know or the devil you dont know, you are due something. Jesus had to talk to the devil and make sure the devil is above bribery. Whichever devil you deal with, make sure there is something to the other side for the community. Robert johnson he knows both devils. I know neither. I am seating for best interest of my community. Im encouraged you to vote down ticket, too, not just the two devils at the top. Stuart im getting devils mixed up. We do too in my community. [inaudible] stuart i just want to shift the discussion just one second here. The nba commissioner says that social justice messaging, blm signs on the court, may not appear next season. Maybe taken away. What is your response to that . Well i dont know about black lives matter, the organization. Im not a member. But black lives matter the sentiment is something i care about. Greater than a floor sticker, what i would like to see the nba, im fortunate to have my barbershop chain, the swag shop in one of the nba arenas, thanks to tony rexlr, many other people here in atlanta. We do business with the nba. What i would be more inpressed to see nba players move their sources and money to greenwood. What i would be more impressed i know players will do it, theyre black men and understand the need for capital in our community i would like to see the teams bank with greenwood and the nba itself bank with greenwood. It is beautiful to put stickers on the back of a car to vote for a can date. It is more beautiful to strategize, mobilize with the dollar to help the community. I appreciate the nba what they have done in the brother. I appreciate brilliant brothers chris paul organizing within the nba to make sure Young Brothers are socially aware. I want to challenge the nba as an organization, not just guys running up and down the court, but as a whole culture. Lets move some money to an africanamerican organization, particularly greenwood, so we may be Capital Investors and providers for the next wave of Business Owners hopefully to go on to own businesseses to service our community and hopefully own teams in the nba as well. Stuart greenwood. We hear you, mike. It is rare we have anybody on the program called killer mike. Youre absolutely unique. I kind of enjoyed it. It was interesting to hear a different point of view. Were glad youre with us. We hope you get the message out there. Killer mike. Thanks for being with us. See you soon. I appreciate you greatly. You guys have a dope day. Stuart thank you, sir. Appreciate it. Back to the markets. We end up a bit the last few minutes. Now were up 150. The nasdaq is up about 50 points. What was that about a new high . What was that . The dow and the s p, hit, no, the dow producer it talking to me in my ear. The dow is at its high of the day. Susan yes. Stuart the s p is at its high of the day. Theyre not at their record highs of all time. There you go. Susan no, no. You should point out that the dow did rally above 28,000 yesterday. Stuart i did indeed. It is 28,400. Were almost out of time. More on the nba and blm after this. Like you, my hands are everything to me. But i was diagnosed with dupuytrens contracture. And it got to the point where things i took for granted got tougher to do. Thought surgery was my only option. Turns out i was wrong. So when a hand specialist told me about nonsurgical treatments, it was a total game changer. Like you, my hands have a lot more to do. Learn more at factsonhand. Com today. Hi, my name is sam davis and im going to tell you about exciting plans available to anyone with medicare. Many plans provide broad coverage and still may save you money on monthly premiums and Prescription Drugs. 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They say no other fortune 500 companies have received taxpayerfunded grants urging airlines to tap the cares act loans instead. There is still money on the table when it comes to the cares act. Well listen in to nancy pelosi in a few minutes to see if there is any progress when it comes to stimulus talks but you know there is talk also more airlines will go under this year. So far 43 commercial airlines around the world file for bankruptcy. That is higher than the years 2019, 2018, and more to come. Stuart theyre saying the worst is yet to come. But the market shows them going up because theyre thinking about this 25 billiondollar rescue package we are still talking about, im not, but Speaker Pelosi and treasury secretary Steve Mnuchin are talking about a 25 billiondollar aid package. Got that. Joining us now, sarah nelson, president of the association of flight attendants. Sarah, thank you for being on the show today, we appreciate it. Im sure youre pounding the table. You want that money because you people are really suffering. We all understand that but what about the strings that are going to be attached like, for example, capping executive bonuses, stopping all stock buybacks, the government taking a piece, an equity stake in the airlines, are you okay with all of that if you get the money . Those are all of the things that both the unions and airlines agreed to in march and those are the things we pushed for and there is a direct return to the public for this service because what this does it keeps us in our jobs t requires the airlines to keep all of the workers in their jobs connected to our health care. It also requires the Airlines Continue service to all of our communities. So the other piece that is really important here is that were continuing that service to our small communities, keeping people connected during the pandemic. Our demand is down more than 50 right now. There is 750,000 airline jobs. So this is about supporting a huge number of jobs with a very successful jobs and Infrastructure Program that has been proven, that has almost unanimous support in the congress. And thats why we want to continue that. Stuart sara, we just read this report by some people think the worst is yet to come for the airlines. Yeah. Stuart i can understand that point of view but if that is the case, the worst is yet to come, then surely were going to be in for a lot more help for the airlines, not just 25 billion now but so on down the line. What, hold on a second were not too keen on that . Actually what were talking about here is continuing requirement of keeping people in their jobs for another six months. Continuing this service for another six months. What that does, that gets us six months closer to a vacs seen. It gets us closer to a testing regimen. There are a lot of reports that say were going to be in a recovery place at that time. Right now were in the middle of the crisis so we should continue this Successful Program that has been working. It is the best use of the publics money. We have this documented that it is 70 of the payroll. Those people are all taxpayers. We are taxpayers. Were continuing to pay our rents. Were continuing to spend into the economy and we continue to pay our taxes. So there is 100 return to the public for this investment. We continue that Critical Infrastructure at a time we need it so badly. Stuart very articulate spokesperson for more help from the government. Look, i think this point has to be made a lot of people want you to get this money because through no fault of your own the airlines have been shut down. Through no fault of your own youre out of a job and out of income. I, sara, im terribly sorry, i got to leave it there i think you have a lot of public support on this one. I want to say that. Sara, thank you. Thank you, stuart. Stuart thanks for being here. Next, something really different making a strikingly bizarre remark about the pandemic. You got to watch this. I just think covid is gods gift to the left [laughter]. Stuart gods gift to the left. She thinks the virus could help biden defeat trump. Tomi lahren is fired up about that. Yes she is on the show. Next Ken Cuccinelli is here. Over 100 Illegal Migrants arrested in california sanctuary cities and state. The whole state is sanctuary. He is talking about that after this. You know, malcolm audibles got more than audiobooks. Of course, podcasts. Originals. Bestsellers. Future bestsellers. Sleep stories. Malcolm the most inspiring minds. The most compelling stories. All in one place. Audible. So youre a small bor a big one. You were thriving, but then. Oh. Ah. Okay. Plan, pivot. How do you bounce back . You dont, you bounce forward, with serious and reliable internet. Powered by the largest gig Speed Network in america. But is it secure . Sure its secure. And even if the power goes down, your connection doesnt. So how do i do this . You dont do this. We do this, together. Bounce forward, with comcast business. Stuart i. C. E. And the department of Homeland Security have arrested 128 immigrants in the last five days in three california sanctuary cities. This is part of operation rise. Seems like a good time to bring in Ken Cuccinelli. He is the acting dhs deputy secretary. Ken, whats going on here . Because a few years ago, or even a few months ago that kind of arrest of illegals in a sanctuary city would have created mayhem all across the country but now, youre doing it almost as a matter of course. Have the political times changed . Well, we certainly are doing it as a matter of course. That is how the president wants us operating and, and we highlighted this particular operation. You saw the secretary and the director of i. C. E. Speak to it this week. We want the sanctuary cities folks to know this enforcement will go on whether they cooperate or not. We want the citizens to know well do what we can to keep them safe even while their own local governments take steps to protect criminals strike timizeing people in those communities. This is, i think you phrased this well. This is how business ought to be done at i. C. E. And well keep doing it this way. Stuart is this a gradual breakdown of the whole concept in sanctuary cities in california as a sanctuary state . Well it is certainly part of it from our perspective in terms of the practical outcome. What matters to us is the ultimate goal of deporting violent criminals in particular those breaking the law and they resistance of socalled sanctuary cities to those efforts, were demonstrate something fruitless. We always would rather cooperate but well continue to enforce the law regardless of whether they cooperate or not. The results will be the same. Thats the point here. Stuart now youre clamping down, i dont know what the right word is, but youre making changes on h1b visas. Yes. Stuart Companies Bring in workers from overseas. As i understand it those workers coming into the country on h one b visas will have to be paid more. That is simplistic explanation of it. That is the bottom line. Big Tech Companies are really opposed to this. Silicon valley draws in the best talent all over the world and changes to the h1b visa will make a difference to our Great Technology companies. What is your response . Well theyre certainly not paying the best talent in the world bottom of the barrel salaries and so the department of Labor Regulation that will raise those wage requirements for these hightech workers will make americans more competitive and will screen out frankly the lowpaid Foreign Workers who are being used to undercut americans and to depress wages. So, stuart, i just reject their premise that this will somehow get in the way of bringing the best and brightest. That will focus the h1b which is hightech visa program on the best and the brightest and i would add the dhs regulation stops Third Party Companies from subcontracting out h1b employees. This is where you hear the Horror Stories of disney and at t and the tva where americans have to train their foreign replacements. That is coming to an end under President Trump with this set of regulations. Stuart Ken Cuccinelli, thank you very much for joining us this morning. Two very interesting subjects. We appreciate you being here always. Thank you, ken. Good to be with you, stu, my pleasure. Stuart big show coming up. Pete hegseth, nfl legend Herschel Walker. Wall street journal guy Dan Henninger, folks nations tomi lahren all on deck. You will have my take on the Supreme Court showdown. I will call it, i am calling it an atomic event. I will explain it all, third hour of varney right after this. So youre a Small Business, or a big one. You were thriving, but then. Oh. Ah. Okay. Plan, pivot. How do you bounce back . You dont, you bounce forward, with serious and reliable internet. Powered by the largest gig Speed Network in america. But is it secure . Sure its secure. And even if the power goes down, your connection doesnt. So how do i do this . You dont do this. We do this, together. Bounce forward, with comcast business. You know, history has shown that when a nation turns to god, broken families are healed, people break free from addictions and alcoholism, crime rates plummet. In the welsh revival last century, all across wales, police and judges had nothing to do. Why . Because there was no crime and it can happen here by gods grace, when you come to him. [narrator] when nations turn to god, they find their societal problems disappear. There is hope for this broken world, if you just know where to look. Wont you consider looking to the one who made you . Visit findingtruepeace. Com to learn more about his plan for your life. Again, thats findingtruepeace. Com. gentle music im not going to waste my time on a racial debate, thats not what debates are about, you sit behind a computer into a debate thats ridiculous. Then they cut you off whenever they want. It is clearly biased and full of never trumpers and swamp creatures, the president is not interested in doing a virtual debate, he would rather speak to the American People directly. Its possible that they thought Vice President mike pence scored a big win last night and they regain the momentum. What you really like to know what biden and harris are going to do, they will not answer a straight question, the end of the day the gravitational pull is left. Webers and the white house come january 20 will be squarely focused on defeating the pandemic and getting the economy back on its feet. Congressional leadership differed that america did nothing at this point then then they get whats needed. Stuart that is shania twain. Did you catch all of that montage that we gave you there. What a huge morning weve had so far. Remember the entered word huge, we used to use it when enter President Trump, it was a huge morning. Crucial walker, dan henniker, all of them coming up this hour. Check the markets again, we still have a modest rally in place. The dow was up 100, the nasdaq is up 42, s p is up 20 and now this. On monday, the hearings began on the Supreme Court nomination of judge Amy Coney Barrett this may either october surprise that we hear so much. I think itll be more than that, i think itll be an atomic event, excuse the hyperbole but i think its warranted i everything is in place, the personalities, the politics in the states and the election, lest we forget the current president ial candidate joe biden who presided over the explosive Clarence Thomas hearing, biden shared the Judiciary Committee when now justin enter Justice Thomas exploded with his famous challenge, this is a hightech public lynching. And represented the biden ticket in the late hearings, they start next week, Vice President ial pick, Kamala Harris will be asking questions, the chair of the committee is lindsey graham, remember his performance during the kavanaugh hearings, he exploded at the assassination of the judge and likely to do it again if the democrats pull out similar tactics like drug spirit. At stake is the culture for generations it is been led by the liberals on the Supreme Court, theyve used as a legislature. If judge. Becomes just as parents, the balance in the court in the culture are likely to shift firmly to the right, that would be historic. The democrats faced the most risk in these hearings if they attack judge barretts character and hit her with dubious and unfounded charges, if they attack her faith or her adopted children, then they lose. Voters did not like the attacks on judge kavanaugh and they wont like any character assassination of judge barretts. Monday october the 12th, the hearings began spread over a week, it will be hard to ignore such a monumental event played out on every tv screen. The third hour of Varney Company just getting going. Stuart i think its a dose of pete hegseth, hes a week and cohost of fox friends. All right pete, on the nomination of judge barrett, the president says itll be the republicans fault if she does not get through the election. What do you say to that . He is entirely right, it is donald trump who is taught republicans how to fight, without donald trump youre probably not making the pick right now, you might be bound to the leftist and the establishment, we have to wait until after the election when we know if the left had the vote and the power that they would nominate a radical leftist judge like rbg. It is all on the republicans, all on the table, i agree with your take at the top, the reason it will be explosive not because Amy Coney Barrett is vulnerable, she is qualified in quality as a human that we see in only two factors at a play that will make it expose them, one is donald trump and everything with him sets the left hair on fire and number two the issue of roe v wade, abortion, that is a huge Sticking Point for the left, immobilizes their base and this is a chance to sway the court that will change decisions on life in this nation for a generation and has huge consequences. Between the two things, the left cannot resist, it is going to be something to watch. Stuart it will be an atomic event, i coined that expression, i want to patina and money if you use it. Now, the president also announced on fox business this morning with maria he said i am not interested in a virtual debate, what you make of that . Totally right. What in the world is this commission doing. He can easily get a couple of negative test before then along with anyone else from his campaign or the white house who would go with him. What is it, this bipartisan Establishment Commission has always felt a little offkilter to begin with, here in this instance, they are unilaterally think we cannot make this happen in person, basically caving completely to the joe biden view of the world, the president is entirely right, he should not do a zoom call for president. If you need to miss one, then lets put all the chips on the table for the final debate in person with joe biden, lets have one more than. But you cannot dismiss how it under places significance of the moment to do it on a zoom call, you and i do this over skype right now, that is fine if youre unfortunate i wish i was there with you. But for the presidency, unacceptable. Stuart i entirely agree. Lots of tv people have this problem over the last six months, you are doing a remote interview in an electronic relationship is just not the same as facetoface, you and i going at it next to each other. I miss seeing the Stuart Varney shimmy, thats what i miss the most. I just dont get it over the tv screen. Imagine this we are talking about moving candidates, thats not hard to do remotely. Hey, your mic is cut, when you were in person you can have that report or how about electronic earpieces, how about microphones, how about notes, how do you oversee all of that, through the whole thing into question, the president has made threats before about testing things like this, ultimately this is one i think hes got to stick with. Stuart real fast, were President Trump announcing that our troops will be withdrawn from afghanistan by christmas, put that in a tweet, you fought there. I just wonder how you feel about this and what you feel about if joe biden were to win the election, what happens then . Its a right move by the president , he said he would draw down we ultimately have, the war that we fought 19 years ago is different than it looks today and hes right to pull the troops out in these said he would. But that is based on the fact that he knows there is threats around the world that we need to face like i wrong, like china, those are the types of adversaries that joe biden has totally ignored making horrible deals unto deals with eye iranian and downplaying even to this day. President trump has focused on what matters and joe biden has been wrong on everything paid want to debate with, heres trying to defend the joe biden record, it was terrible, mike pence you exactly where to go, she stuck on foreignpolicy knowledge and joe biden has been wrong about everything and is 47 years. Stuart i think it was a mike pence when last night simply because, let heres did not answer the key questions, i dont know if she wants to pack the court, i suspect she does, i dont know she really supports the Green New Deal, i suspect she does. That is her failure to answer the spoke volumes about what she would do if elected. I am out of time pete. Now she loves fracking, who knew, they love fracking. Stuart i love that word. Even with a british accent, fracking. Thank you pete, youre all right, we will see you again soon. Look at the markets, up 105 on the dow and were up nicely about 60 on the nasdaq. Look who is here ed, wall street seems to like joe biden, but i put it to you. If joe biden wins, we could see Elizabeth Warren as a treasury secretary, do you think wall street would then support a bite in the administration. Wall street has to be pretty flexible, i think if we had abide in the administration and even if warren is treasury secretary, wall Street Investors would figure out some way to play that. Its probably going to be very negative for the largecap, social media conglomerates, there would be a lot of pressure to break them up. On the other hand investors would probably pour into solar energy and pour into infrastructure names and meanwhile the noise to signal ratio coming out of washington is getting to be higher and higher as we get to the election, i know the market is starting to to the whole thing out and its whatever will be will be, will figure out how to play it. At the end of the day the one signal that is loud and clear is a failure of intent to keep it near 0. That is really whats driving the market. Stuart i agree, the fed keeps on saying we will do whatever it takes. They didnt exactly use those words but when the fed starts shifting around trillions of dollars, youve got to get out of the way. Some of it, a lot of it finds its way to wall street. Who wins the election, you dont really care that much so long its not a contested and drawn election, you dont care who wins, the market will go up anyway, is that a bottom line . Lets read the bottom line, investors have learned you cannot be a preacher when youre an investor, you dont do good or bad, you have to do bullish or bearish. In either scenario whether trumper biden, no matter what happens on the two houses, we will probably not get a recession next year end if we dont get a recession, we will not get a bear market but the outcome will depend on where you want to be in the market. Stuart i am not selling, im holding the microsoft o eds sayso. Thank you, see you again soon. I want to market coverage, we have the dow up and down 100, the nasdaq on the upside as well. Lauren day after the saw the best day since july, holding on to gain step 28000 and this morning we heard from President Trump on fox business saying the stimulus talks are productive and expanding maybe even past the airlines, we are seeing the economic tide sectors like the airlines for instance like the bank doing well in the session, that means that investors say there will be a recovery in the u. S. Economy. Especially if we get more money from washington, d. C. , i want to highlight the jobless claim numbers this morning, there were more than 800,000 the file for unappointed benefits but if you look at the weekly number, lowest since the end of march and continuing claims, there is a longterm on Employment Benefit at the lowest since the start of the pandemic. Stuart you are reading that as part of the backdrop to the market. Lauren i think so. Stuart james fonda, she calls the pandemic gods gift to the left and urges democrats to use it to win the election. Were gonna ask tomi lahren about that, i think she has something to say. The wall street journal guy says President Trump is walking away from the stimulus or has walked away from the stimulus talks, that was the best thing for the economy, do we need a spending package, Dan Henninger will discuss. The mba pulling social justice messages off course and uniforms next season, is there a connection, activism, low ratings. Herschel walker comments after this. Keeping your oysters business growing has you swamped. You need to hire. I need indeed indeed you do. The moment you sponsor a job on indeed you get a shortlist of quality candidates from a resume data base claim your seventyfivedollar credit when you post your first job at indeed. Com promo it was 1961 when nellie young lost her devoted husband. Without him, things were tough. Her last option was to sell her home, but. Her home meant everything to her. 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Ashley apparently according to talkshow host andy slater, 65000, that is a capacity. Slater says Florida Governor ron desantis has given the Miami Dolphins a green light to yes indeed allow full capacity at hard rock stadium. 65000 fans, slater says a spokesman at the Governments Office told them the team is allowed to pack the stadium as part of a statewide removal of covid19 stadium restrictions. However, the chances of all 65000 seats being sold are slim to none. Not just because its the dolphins tongueincheek but the franchise reportedly still plans on limited capacity to just 13000 for the home game on october the 25th against the chargers, all of this comes after the Green Bay Packers announced its putting an indefinite hold on allowing fans at Lambeau Field field because of the increase cases and hospitalizations in the green bay area and in wisconsin and we know a number of teams in the nfl have reported outbreaks including the titans, the chiefs, the patriots and the raiders. But certainly, when it comes to this, florida going in a whole different direction to everybody else. But miami says no, we will limited to 13000. Stuart it shows you Governor Desantis really wants to open up fully and he is gung ho for this. Very interesting. Thank you very much. Now we have the mba saying these social justice messages will be likely taken off course in uniform next season. Nfl legend Herschel Walker is with us now. Why do you think the mbas taken a black lives matter sign and their jerseys, why do you think there taken away. I think theyve seen what black lives matter really stands for which is what i been preaching for a long time and at the same time the ratings have gone down, that hurts a pocketbook a little bit. But at the same time i think they do want social justice but i think black lives matter, what they were standing for is a marxist organization, i think the mba realize that they cant be a part of anything like that and im happy to see it, i wish they wouldve done that a little bit earlier but seeing that theyre doing after the election which is interesting and we will do it next year, at least its being done. Stuart i want to get your reaction to Kamala Harris statement on racial issues from last nights debate. Listen to this for a Second Period rotate. Last week the president of the United States took a debate stage in front of 70 million americans and refused to condemn white supremacist. And then he doubled down. And then he said when pressed, stand back. Standby. One of the reasons joe decided to run for president is after charlottesville, joe has a longstanding reputation of working across the aisle, working in a bipartisan way. Stuart Herschel Walker, you heard all of that, here is talking about President Trump supposedly refusing to condemn white supremacist, i know youre fired up about this, what you have to say. I am, it is very sad because she is United States senator and not only that shes a prosecutor that seems to take parts of conversation and use it to get votes. Im glad that Vice President pence called her on that statement because it seems that they have been letting the Democratic Party get away with a lot of things that were said without anyone calling them on it. And they always want to bring up race, even when they mention packing the court, the first thing she stated he didnt even have a black person considered. Why would you want to bring up race about anything because it makes people very emotional and thats what im trying to get people away from, this country is not a racist country or we would not have had a presiden bk president for two terms. Stuart in 45 years, race keeps on coming up, it is always all about race. That is not necessarily true in our everyday lives. Is your life all about your race Herschel Walker . You are 100 correct, it is all about race only when they want to get a vote, race only comes up every four years. And then race plays a big part. Otherwise people in washington wouldve been voting on something about social justice because that where the laws are made and the laws are changed but they are okay with it, this is the best, greatest country in the world and we know how to get along, we can get things done but we gotta work together, right now i think they need to quit talking about race and coming together, unifying and i dont think the Democratic Party can do and i hate to say that because ive seen what they have done, all theyve done is try to separate but try to blame it on Trump Organization but its not, if you look at it today, everything that they called organ i Trump Organization, they have been doing it with the russian probe and all the Different Things that have happened with racism, if you heard some of the things that Vice President biden has said, have you seen the way that they talk about reparation, reparation is only paying someone to get a vote. The way you educate someone, you teach them, not give them a fish. I love what killer mike that was on earlier and i love to sit down with him because he talked about reparation but what i want to talk about is what hes talking about is exactly what President Trump is doing. We are not going to give you money, were going to teach you how to run a business, with to put businesses in your area, you have to give the area of education, we gotta teach people how to live, not give them a life thats what they doing when they try to get a vote. Stuart Herschel Walker, you make far too much sense, its a great pleasure to have jan this program today and i hope you will come again soon. Herschel walker, nfl legend. Lets get back to last nights debate, Vice President pence who asked the tough questions at the debate, watch this please. I think the American People really deserve an answer senator harris, are you and joe biden going to pack the court if judge Amy Coney Barrett is come from . Stuart there was no answer, i conclude from that that yes she will pack the court if elected, that is my point of view. Later wall street journal dan henniker says if joe biden wins the house dont expect the economy or your life to return to normal anytime super that is interesting. He will join me next. I had saved up some money and then found the home of my dreams. But my home of my dreams needed some work sofi was the first lender that even offered a personal loan. I didnt even know that was an option. The personal loan let us renovate our Single Family house into a multiunit home. And i get to live in this Beautiful House with this beautiful kitchen and its all thanks to sofi. Stuart breaking now this is affecting the market Speaker Pelosi talking about the standalone airline bill after a week of press conference before taking it down the orchid with her, House Speaker pelosi says there is no standalone airline bill without a comprehensive covid relief bill, she said shes happy to review what a standalone airline bill would look like the only if there is a broader covid relief package that comes along with it, she remains hopeful and there will be a second relief bill, stimulus plan because the has to be done in her words but the American Public needs to know the status of Trumps Health headed into debate to next week as well. Stuart shes standing on her demand to hundreds of billions of dollars to democrat run states. That is what she is doing, you cannot have airlines coming cannot have the Emergency Pay unless you bail out new york, new jersey, illinois california. Lauren i think 400 billion for local State Government in the second round of 1200 stimulus checks, if you look at the Market Reaction the airlines have turned around and so have the banks. Stuart you guys get nothing if we cannot be allowed the democrat states, what kind of argument is that. Lauren everything goes against what President Trump says on fox business air, the talks were being productive and we could have something more expensive than just an Airline Relief bill and now nancy pelosi has said you cannot have that unless theres something more. Stuart she wants the bailout, im convinced, thats my point of view, good stuff. Now this a lot of people on wall street welcome abide and when, have they thought about the possibility of Elizabeth Warren as treasury secretary, its entirely possible, the far left has a grip on the Biden Campaign in stennet senator warren is inf the socialists. If they really thought about this they might not be so keen on abiding presidency. Start with warns call with a wealth tax, that a straightforward compensation. Very bad for Capital Formation in my opinion immoral to boot. Then there is a proposal to force Big Companies to get permission from the government to do business, can you imagine that, the government would tell them who gets the prophet, the government would tell them who to employ and who should serve on the board of directors. That is a private enterprise, that is socialism. Any idea of a socialist treasury secretary should make wall street think twice about abiding presidency, that is my opinion and you just heard it. Headlines, joe biden is the shutdown candidate, bringing the man who wrote it, Dan Henninger from the wall street journal. He says abiding presidency needs to be a long time before the economy and our lives return to normal, make your case dan. We had something called the debate last week between President Trump and former Vice President biden, it is hard to remember much of what happened but i remember something that really jumped out at me, when they are talking about the coronavirus in the economy, joe biden said you cannot fix the economy until you fix the covid crisis. Meaning the economy would have to come later, the Democratic Party especially the governors had been associated since march, most closely was shutting down state and National Economies while we fix the covid crisis. Just this very week, andrew cuomo in new york has gotten himself into extraordinary battle in new york city by closing down nine zip codes in new york city where there has been rise in positivity rates. What this suggests to me is that abiding presidency would slow walk reopening the economy, last night and that debate, early on, Kamala Harris was asked directly whether President Biden would support more shutdowns, she completely ducked the question. And i think the implication, very strongly that abiding presidency would indeed support the democratic inclination and keep the economy tightly repressed until at some point in the future when abiding scientist as we affix the coronavirus. If you combine that with joe bidens proposed plans for raising taxes on businesses and corporations which will trickle down to consumers, im saying we will wait a very, very long time before the u. S. Economy recovers under abiding presidency. Stuart while you are speaking the market has turned negative and that is obviously because Speaker Pelosi is against standalone relief bills, she wants a comprehensive bill or nothing, it seems to me that she is holding out for a bailout of democrat run states which are deeply in the red like new york, new jersey, illinois and california, it seems to me that she is saying you guys in the airlines, you guys who need Emergency Pay you dont get anything unless we get 400 billion for democrat states, am i reading this right . I think by and large you are reading it right but i think there is even more to it and that is from Nancy Pelosis point of view that would not be my view but the way she is reading it that shes really pocketed the election, shes looking at the polls and to think the president is too far behind to make up the difference and that she really doesnt need the stimulus bill that the president is the one that needs it more than she does and she can pocket the 2 trillion in savings for spending next year when the democrats control the white house inconceivably the senate as well and she will be in complete control, she does not have to negotiate any further with President Trump whether a standalone bill for the airline or even a bailout for the state, in her view, that can wait and so shes putting on the white house to cave which we hope they simply wont do it this point. Stuart im dying to see what their reaction is, not on the market. Thank you for joining us, very good stuff we will see you again soon. Lets get back to the market and check it out, we have indeed turned to the softened so to speak, the dow is down 22, the nasdaq and s p holding onto very slim gains, once again Speaker Pelosi says no standalone relief bill is all or nothing, amazon with a brandnew electric delivery van. Lauren very interesting, think of tesla and the new electric era arriving and amazon unveiling its electric fan made by the startup, a rival to tesla which had invested in an last year amazon announced it would purchase 10000 electric fans from caribbean as to the climate pledge, they expect to employ 10000 by the year 22, fleet of 100,000 by the year of 2030, these vans were really cute, they feature a number of design changes and upgraded safety features and upgrading capabilities, extra cameras, amazon said the vans are equipped with alexa to provide handsfree route information in case you need to know where youre going. Stuart i see vans that look like that come all over the place is before the not electric, those of the First Electric once to hit the road. Stuart electric is coming big time. Lauren 1800 that they ordered from mercedes as well this summer. Stuart i thought they were mercedes. Thank you very much indeed. Gasoline electric powered, the Mainstream Media slams Vice President pens for being lame in mans flaming at the debate, joe concha will explain it all. But first listen to what happened with jane fonda had to say about the virus. I just think covid is gods gift to the left. Stuart okay, tomi lahren will join us shortly, lets see what she fix about that. We will be back. Some Companies Still have hr stuck between employees and their data. Entering data. 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. Visit paycom. Com, and schedule your demo today. What would be the stance of abiding Harris Administration toward the Green New Deal. First of all i will repeat in the American People no that joe biden will not ban fracking. Are you in joe biden if somehow you win the selection pack the Supreme Court to get your way. Im so glad we went through History Lesson, lets do that a little more in 1864. Id like you to answer the question. Stuart that was, the harrison the debate last night, she would not answer the key questions that were put to her. Fox nation host tomi lahren is here we deserve answers about packing the court, the Green New Deal and the effect of taxes. I dont think we got them last night. We absolutely did not but thats because i call it the Harris Administration because joanne, will have referred to it as the heres a administration but we know the Harrison Administration is going to be based on what the democrats have pushed for the last six months in the last three or four years which is a socialist agenda but they know from the democratic debate that does not sit well with the American People which is why they got their moderate joe biden, now they tried to distance themselves from the agenda that they truly really want and i dont think its going to be effective for them because we will fact check them, just like mike pence said we will bring up the record. Stuart how did you judge mike pences performance last night . I think he did amazingly well, i will be honest i thought maybe he would come off a little stiff and rigid, he is no donald trump but as many of my conservative friends had told me, he did a better job defending donald trump then donald trump did of defending donald trump previews dignified, eloquent and held her feet to the fire which is exactly what Kamala Harris needed. Stuart what do you think of the next debate october the 15th, it will be virtual and the president says i am not going, im not having any part, knock wood waste my time. I think the American People deserve to see them sidebyside, i think the hysteria and fear tactics in the fear mongering of the left is another way for them to avoid to speak to the American People its much easier for a joe biden to appear virtually much easier to see answers that way and i dont blame donald trump for being upset about it. Stuart let me move on to something that we showed our viewers a couple of times the last couple of hours, i want you to listen to jane fonda and what shes saying about the virus, role that tape again. I just think covid is gods gift to the left. Stuart what do you think would happen if a conservative wouldve said that. We know the double standard is the only standard of the left of hollywood, what she was saying the struggle of thousands of americans who were out of work is really a gift to the democrats because its allowed them to slip the control agenda under their noses and pass it off as covid safety. It has been a great tool for the left, gods gift to the left is going a little far and i hope American People are listening to liberal hollywood and what they think of you in your play in your struggle as you battle with the six months of plotting the curve. Stuart i know we can see you and more of you on no interruption, that is on fox nation. Good stuff, think you so much for joining us. We appreciate it. A lot of takeaways from last night deep debate, a fly on mike pences head, we will tell you how the biden camp is using all the buzz about the fly to make money, we will talk to joe concha about it. Well be right back. Hi, this is margaret your Dell Technologies advisor to listen, is to hear more than whats being said. And offer the answers that make someone feel truly heard. I understand, lets get started call a Dell Technologies advisor today. I understand, lets get started so youre a small bor a big one. You were thriving, but then. Oh. Ah. Okay. Plan, pivot. How do you bounce back . You dont, you bounce forward, with serious and reliable internet. Powered by the largest gig Speed Network in america. But is it secure . Sure its secure. And even if the power goes down, your connection doesnt. So how do i do this . You dont do this. We do this, together. Bounce forward, with comcast business. It was really stunning to see the way mike pence pivoted almost at every question. A fly, he who commands the fly has been seeing his historically the mark of the devil. He made my skin crawl, the constant interruptions, the mansplaining. When i hear people talk about mansplaining and talk about these things with Kamala Harris and a man should not interrupt her, its going to look bad, Kamala Harris is a Vice President ial candidate, she should be able to stand up for herself. Stuart [laughter] stuart joe concha is the man on the right hand side of the screen, joe, cearley youre not surprised by anything you saw in the montage, you cannot be surprised. I was a little surprised by martha, i thought that was good analysis, she is saying and you have to agree with it that if you want to be Vice President of the United States, you have to get used to disagreement and debate going through something last night, instead you see all these people talking about how mike pence mansplaining Kamala Harris, instead he could not be any more deferential or polite in terms of that debate, if you are Kamala Harris, you gotta meet with president xi jinping or president putin, you will probably be man slain to them when youre negotiating at very, very tough things, thats what we saw last night, the journalist so to speak plain from the bottom of the deck when it comes to gender and sexism card, on that front i am not surprised at all. Stuart i was not keeping a stopwatch on it but i got the impression that senator harris got more speaking time and that debate, is accurate. Abc news, reported that harris got 39 minutes and mike pence got 34 different, or different by their tally, all that we hear is mike pence constantly interrupt Kamala Harris. When youre asked a specific question is Kamala Harris was on the most important consequential thing to come out on the selection of the democrats win, will you stack the courts, will you change 150 years and she would not answer the question, the moderator last night, susan page did not press kamala harr harris, it was up to mike pence to do and she still got out of answering the question, we still had to debate and we dont know if the democratic ticket will stop the court. Thats a big deal in nor was abolishing the filibuster, missed opportunities for key questions. Stuart if you dont answer the question about packing the court, i have to assume that yes you would pack the court if you win this election, i have to assume that if you wont answer the question in the first place. Talk to me about the virtual debate, it is supposed to be a virtual debate on october the 15th and the president told maria hes having no part in it, he will not waste his time, what you make of that . Nor city, there is room for negotiation, if the concern that the president is within the 14 day quarantine. After he had a positive test, then move the debate to the following week, that will give us enough time to come up with three negative test and then its a safe opportunity, then theres a third debate, you move that back a week, we have time to do this in person because if you do it virtually, half of the country will think that one candidate in joe biden is using an earpiece or teleprompter which i think is ridiculous but thats the conclusion of perception we will have in the moderator by the way Steve Scalise entered for joe biden at one point. Lets do it on the up and up and find a way to do this in person, virtual will not please anybody particular the term campaign. Stuart well said, i agree 100 . Thank you very much, we will see you again real soon. There was actually a breakout star of the debate, the fly that landed on the Vice President s head, social media going crazy over this. This is why i dont do social media. Let me bring in the whole company, lauren, first of all, what are you seeing online about this nonsense. Susan that is why i stood there for a while, joe biden actually tweeting a picture of himself holding the flyswatter and he writes to help this campaign fly, you can actually buy the flyswatter hes holding, its selling on his website for 10, its actually sold out but the slogan is truth over flies, dont let this debate buzz off, 10 sold out. Stuart a fast pickup on the incident. How about you ashley, what you see in. Ashley it is interesting, did you see the fly under two minutes, the only one that complied with the debate rules. But senator rand paul tweeted this which i thought was funny, he said the deep state planted the buzz on the vp, the illegal spying is really out of control. There you go, senator rand paul having a chuckle. Stuart susan what you have. Lauren i kept trying to swat it away for two minutes. But bob said this, i like this, the fly is got a show on netflix, goldblum, Jeff Goldblum the star of the original five movie and stu, i am talking stu, i am talking. Stuart that the takeoff of senator harris. Lauren that is my impression, i am talking. Stuart what are we doing now, going to commercial break, yes we are, we gotta make some money on this program, were making a lot but we want to make some more. Back after this. Youve still got game. At aetna, we find that inspiring. But to stay on top of your game takes a plan. Thats why at aetna, we take a total, connected approach to your health and wellness. Our Medicare Advantage plans are designed to surround you with the care you need every day to give you the confidence to age actively. We offer hospital, medical and Prescription Drug coverage in one simple plan. With monthly plan premiums starting at 0. Wide provider networks, including doctors and hospitals you know and trust. Plus dental, vision and hearing. And telehealth so you can see a primary care doctor remotely, from the comfort and safety of home. Be. Aetna Medicare Advantage plans. Medicare annual enrollment ends december 7th. Call today to learn more and well send you a 10 visa reward card with no obligation to enroll. Stuart its thursday. I want to remind you tomorrow it is friday feedback. We really want you to email us, go on twitter, go on facebook, send us your questions, send us your comments. We love them all. We really like videos. Last week we ran our first video in friday feedback, it was a major success. The ratings went up. Bring them on, sports fans, i want more videos. A quick look at the markets we turned back into the positive. We briefly stepped into the southland so to speak. A little red evening after Speaker Pelosi said there is no standalone bill without a much larger bill. Have i got that correct . She wants the whole shebang. Stuart basically what she wants is 400 billion to bail out very badlyrun and ailing democratrun states. She wants the 400 billion. If you cant get it, you aint going to get your money for the airlines, youre not going to get Emergency Pay. Susan no 1200dollar check either. Stuart no 1200dollar check. Early ratings for the debate. Up slightly from four years ago. That is according to variety. That news coming right at us. Dow up 14. Nasdaq up 40. My time is up. Dont forget friday feedback, its tomorrow. Neil, its yours. Neil sir, thank you very, very much. We are following big developments. Nancy pelosi putting kibosh on slimmed down stimulus deal if it doesnt have a bigger package attached to it. Stocks all over the map on that. The big shocker came this morning when the president responded to the talk of a virtual debate. That next weeks debate made it not in person. He made it very clear how he felt about that. No, im not going to waste my time on virtual debate. That is not what debating is all about. Sit behind a computer to do a debate. Ridiculous. Then they cut you off when ever