Transcripts For FBC Varney Company 20240712

President , he has announced hes free of the virus in immune and up dressed in airport crowd in florida today. This is important, the virus and how to deal with are central issues of the election. The president is taking the lead in opening the economy and returning to work in promoting the successful treatment, that is important stuff. Meanwhile joe biden always wearing a mask except for when hes coughing is bogged down with questions about packing the court in fracking, he will hold to events in ohio, lets see if he answers as important questions. Lefthand side of the screen, Supreme Court hearing for Amy Coney Barrett started an Opening Statement the judge said she learned from her mentor, Justice Antonio scully out. A judge must apply the law as written, not as a judge wishes it were. Vice president ial candidate Kamala Harris will participate virtually for safety reasons. Lets get to the market, the dow industrial is up for 50 on point, the s p up 20 thereabout look at the nasdaq, up over 208 points. That is a huge gain, why is overall market up, corporate profit looking good, the fed will keep printing if trump wins he cuts taxes with the stocks, fighting wins he will spend big good for stocks, still going backwards and forwards on a multi trillion dollar stimulus package, wait until you see what big tech stocks are doing to the moon, Varney Company is about to begin. Stuart it is raining in midtown manhattan and its still deserted, we have a busy news day indeed, lets get started with President Trump telling maria that he is immune from the virus. Rotate. It looks like i am immune for maybe a long time or maybe a short time, could be a lifetime, nobody really knows but im immune. But i have to tell you i feel fantastically, i really feel good, even feelgood by the fact that the word immunity means something, having a protective glow means something, its very important to have that is a very important thing. Stuart i heard him, hes telling maria he no longer has the virus, he is immune he is indeed back on the campaign trail, four events this week, he starts today in sanford florida, he ended North Carolina on thursday, who knows where he goes after that. Lets bring in doctor matt mccarthy, Infectious Disease expert. The president says he has recovered, he is out and about and he says he is immune, he wants to lead us out of all of this. I think hes doing the right thing as a leader, what say you as a doctor . That was a fascinating interview whether he was talking about whether hes contagious, immune, theres a number of things going on, the big picture hilo longer poses a transmission risk to others, that is correct, patients with mild and moderate coded, they are considered infectious up to ten days up to the onset of symptoms, he is now beyond that. The question of whether or not hes immune, we have seen reported cases every infections but there has not been any evidence that a patient can get reinfected within the first three months of having their first case. I agree with his assessment, he is not a transmission risk to others and he is immune, the question is how long would he be immune, i was sure comfortable for the next three months he is not at risk for getting reinfected but beyond that we simply do not know. Stuart could you say categorically that his treatment worked. The treatment look like it worked, this is a man who we could go was getting airlifted to a hospital because of his oxygen levels were plummeting. Now hes ready to get back out and spread his message, clearly the treatments work, the key here, treatments dont work if youre diagnosed late in the course of infection and what he had going for him, he was detected very quickly and thats why the remdesivir, the antibody cocktail the dexamethasone all these things can get a minister to him more quickly than they do often for other patients. I was delighted to see how effectively our therapies can work when their minister quickly and thats exactly what happened. Stuart it worked, as always take you for joining us. We always appreciate it. The administration astrazeneca has struck a deal, big deal to the antibody treatment. Come on in lauren, how much value and how many doses. Lauren 486 million between european Drugmaker Astrazeneca and the u. S. Government, this is for 100,000 doses but they have secured the right to purchase 1 million more by the end of the year, the next two months as they move into a phase three of the antibody cocktail, this is not the one President Trump took but very similar. Stuart it sounds like a winner to me. By the way i want to check regeneron, their ceo says the president antibody treatment is a case report, do you know what that means. Lauren the singular current, regeneron antibody cocktail is the one President Trump took in the hospital and it worked for him, he called it cure but the ceo is saying, he said this on face the nation over the weekend, its just one example, we have to wait for the larger Clinical Trial to really test how effective this antibody cocktail treatment would be for everyone. By the way they 50000 doses of this on hand, they have 300,000 were coming and they bring up these numbers, they put together astrazeneca and regeneron they have one and half million doses on order for u. S. Citizens who needed, that is not enough, if these drugs are as promising as the president has shown them to be, we will need a lot more, the issue is manufacturing at scale and getting that manufacturing done domestically. Stuart understood that the treatments work, according to doctor mccarthy and i think that is good news across the board. Good start, they give a much indeed, lets talk strictly about money, lets talk profits, very much in the news, we will look at the big picture for the moment, the analyst they profits are going up, can you tell me more. Susan optimistic tone for a new. First time in a decade wall street has had higher predictions for company profits. You dont see that often, raising them for the First Time Since 2010 basically j. P. Morgan kicks it off tomorrow and bank of america, wells fargo and wednesday and the banks are pretty good proxy to Economic Growth and economic Recovery Time you get a broad picture right out of the gate burning season as to how the u. S. Is doing, the process should be higher this is after dismal march june. Where banks had to set aside a record amount of cash to cover loans that they say and expect will be repaid because of the coronavirus, overall earnings for the brighter s p 500 should drop by 20 a year ago, bounce back but still that is better than the Second Quarter, we had earnings dropping 25 at the height of covid, analysts have very few companies guiding these numbers as well and they are shooting in the dark, only 69 with S P Companies has actually given in outlook which is far below only 70 of the average and we seen over the last two years, itll be interesting. Stuart it will be interesting especially some of these companies exceed the expectation, im not quite a play that game but if they do exceed. Susan you are learning. Stuart thank you susan, what is a stock market keep going up, we are close to alltime highs, a list a couple of reasons off the top of my head, number one the fed will. Trillions of dollars, no matter what. The congress may come through with over a trillion dollars worth of stimulus, thats in doubt but they may do it, if trump wins the election, he will cut taxes, good for stocks, fighting wins he will spend big, good for stocks, five, profit as you heard from susan the baseline for stock prices are forecast to improve, lets not fly by this, i see two big negatives, one a democrat blowout, democrat run white house and in the house that would be a neosocialist american stock selloff and number two a protracted contested election would bring uncertainty, back in 2000 the five week delay in getting the result pulled s p down 11 , lots of positives, to negatives, i think we need a judge, not a judicial judge but dennis government to pass judgment on my analysis there. Dennis, you are still bullish, make your case please. Useful everything is going to say, the most important thing, its more important who the resident of the fed is rather than the resident of the white house, the resident of the fed will remain mr. Powell and he will remain monetarily expansionary as he has been, i see no reason to think thats going to change, im not as concerned about the shift politically, it does appear that mr. Biden is going to win the presidency unless something will occur in his campaign and i hope otherwise but that seems to be the reality but it does look like the republicans will be able to hold the senate and the race that is important is whats happening in North Carolina with the democratic candidate leading is probably down behind following a marital problem that he has had, that takes away one of the concerns that you explain that there would be a tidal wave of democrats, i dont think they will win the senate and as long as republicans hold the senate, that will give us gridlock and im always a great fan of gridlock because nothing dramatically gets done, have over there will be a passage of Infrastructure Spending and a great deal in larger spending coming in the next year no matter who is the president. Right now it is still a bull market, i sent you a note on the 28th of september when i went from bearish to bullish, every week since then ive remained bullish and i see the market going from the lower left to the upper right until it stops. Stuart deal with this really fast, billionaire Jeffrey Gundlach says stocks will crack pretty hard, that is what he said and in view of that, he thinks he would have 25 of his money in gold or cash. 25 , that is way up there, are you on board with that. I am on board with gold, i think 25 maybe a bit too dramatic and the chairman of the university is trying to get us to buy 5 10 of gold and we will end up doing that, i own 15 or 20 my portfolio in gold, 25 is a little too dicey but am i on track with them, more than 5 , something north of 10 per probably something more of 25. Stuart thank you for joining us, we always appreciate it. Amy Coney Barretts confirmation hearing has kicked up, senator, lakers will attend but remotely. Heres the issues were expecting to see thrown at the judge. Roe v. Wade, obamacare, gun rights, Sexual Assault on campus and immigration, by the way, starting tomorrow the questions starts tomorrow, but any headline from the hearing today we will bring them to you really fast, that is a promise. Heres whats coming up, joe biden staying silent on whether or not hell pack the Supreme Court but joe biden in his younger years was much more outspoken about it, you better watch this. President roosevelt clearly had the right to send to the United States senate and the congress a proposal to pack the court but it was a bonehead idea. It took an act of courage in his own party institutionally to stand up against this power gr grab. Stuart now we are 22 days from the election and even some democrats say he should answer the question about packing the court, so far he has not. President trump back on the campaign trail, every day this week, yes he is coming straight to florida today come out and about again, before we take a look at futures, we will tell you were going to look at futures, we are out and about and the president is, were Getting Started up 200 points for the nasdaq and we will be back. 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. Stuart the election is three weeks from tomorrow and Goldman Sachs is betting on a blue wave, betting on a blue wave and against the dollar, im not sure i understand. Susan Goldman Sachs is predicting a 16 chance of a democratic sweep next month in november also vaccine hopes from pfizer, moderna, both set to announce preliminary data from their advanced test in the next two weeks and that means less to bother u. S. Dollar as a safety trade with a less contentious election in their view and the vaccine hopes, golden analysts say that they see low odds for the most dollar positive outcome by the end of this year and they mean this is an electoral victory from President Trump confined to the vaccine projects. What theyre saying short the dollar getting back to 2018 those which is roughly 7 down from the current level and have j. P. Morgan also saying there is a democratic sweep in november and taxes to go up especially Capital Gains but youll see a stock market dragon 5 initially which will be similar to 1986 in 2012 when taxes went up but strongly rebounding like in 198k holders it will be okay. Stuart if you do democrats sweep, White House Senate and the house of representatives, stocks go down. Susan initially they did like in 1986, 2012 historically they rebounded 1987 in 2013. Stuart thats the news from Goldman Sachs, economist Stephen Moore is with us. Stephen im not going to ask you about a clean sweep in a catastrophic result, i want to talk to about corporate profit, i have a headline in the wall street journal that feels like investors are betting that corporate earnings, profits have turned a corner, having. Happy columbus day, i hope your lot to say that on the show. As an economy that is incredibly hot right now, i was so irritated when susan page asked that question to mike pence, the economy showed signs of slowing down, what planet was she living on this is a redhot economy, there are 10 million more jobs today than Goldman Sachs, the Federal Reserve bank, the Congressional Budget Office thought there would be six month ago, this is an economy that is doing very well, i dont believe for a minute these polls that show donald trump number ten points, for one thing if donald trump were down by ten points and there was a high likelihood which there is not that biden was going to win, why would the stock market be on this pace, i think the investors know this is a race that trump is very much in, i truly think it is a tossup and by the way i live through 2016, as a senior economic advisor, you remember people said at this point Hillary Clinton has a 90 chance of winning. Stuart i agree 100 , it is best that its really thought that biden would win and the democrats would win the senate, this market would not be a 28 29000 on the dow and up 200 on the nasdaq, its as simple as that in my humble opinion. Stephen moore thank you for joining us, i promise to see you again soon, the busy days like to move on fast. Look at china free market, ali baba of four or 5, back up about 300. Jamie dimon on the lefthand side of your screen, he does not expect to return to normal anytime soon. Hold on a second, when does he think we will get back to normal. Susan what is normal. That has to be defined because if you think about it remote work is here to stay but the middle of next year is what jamie dimon is saying 2021 summertime, june thats what he said in a recent podcast and also at the Asset Management conference on friday, as many as 40 of staffers could work from home even after the pin demo, even 60 is a new full capacity, last month j. P. Morgan called training stuff back to the headquarters and then a kobe case set workers back home, j. P. Morgan amy for 15 25 capaci capacity, jamie dimon is that the local regulation and the lack of a vaccine impersonal circumstance will likely make. In impossible into the middle of next year at the earliest. Stuart thats what i thought was normal return to. Either way it was a year ago, he is not talking about that. Susan i think the world is changed we need to accept that. Stuart but that would not be returned to normal, the new normal, huge difference, thank you susan stain on this. Microsoft has unveiled and revealed a permanent work from home policy, tell me more. Susan the new normal comes with a pay cut, if you work for microsoft and you work in seattle for instance and you get approval from your manager to work from home forever, meaning your never coming back to the office, no hybrid arrangement, no flexible hours, you are out of their you work from home forever, you might have to take a pay cut if you move to a cheaper city, there are many cities that are cheaper than seattle which is expensive, in the meantime every employee into hybrid arrangement meaning half the time in the office and have a timeout home, and flexible hours you dont need approval for that, thats what people are doing these days part of the new normal but microsoft said one thing that resonated with me, there is value in being together in the workplace, so they are not bailing on office space altogether and i think landlords out there are breathing a sigh of relief that there will be some presence in the workplace. Stuart i think there is some presence, to take a picture, youre still an employee bringing the same talent and giving the same amount to your employer and yet because you moved you gotta take a pay cut, does not seem quite fair but that is me. Lauren i agree. Stuart i will now outlive the future, of 60 on the dow, 20 on s p, the nasdaq, wait till you see what big tech is doing, the nasdaq is up 200. Your journey requires Liberty Mutual. They customize your Car Insurance so you only pay for what you need. Wow. That will save me lots of money. This games boring. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. This was the theater i came to quite often. The support weve had over the last few months has been amazing. I have a soft spot for local places. Its not just a work environment. Everyone here is family. Gonna go ahead and support him, get my hair cut, leave a big tip. If we focus on our local communities, we can find a way to get through this together. Thank you. 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Retire better stuart is going to be a big week for apple, the stock is up 3 at 120, the iphone unveiled tomorrow, when we got. Susan the most important iphoto event in years, fantastic apple analyst at Morgan Stanley calling for the first major redesign since 2018 off at the start of a 5g super cycle not just for apple but they get the tip and the entire smartphone industry, both under most analysts are expecting for iphones, four sizes when many, two at 6. 1 inches and the brandnew promax, the biggest green ever for an iphone coming in as 6. 7 inches, good for me in my eyes. New flatter edges, think of a smaller ipad, Morgan Stanley predicts apple will sell 220 million of the new iphones in the first year, that is up by almost a quarter from the iphone 11 introduction, pretty call for the Record Number that we saw apple phone 2018 with iphone ten or x was released, awful of 2. 5 after an rbc upgrade predicting 132 for the stock price. Stuart momentarily we will bring you the deals from amazon prime day which starts tomorrow, we will get to that in a second, i promise, all you deal people stay tuned. The bell is ringing, monday morning, it looks like were going up right from the getgo, im gonna pay special attention to big tech, up we go, up 110 for the dow right from the start, look at the level 20700 as we speak in the majority of the 30 down stocks are in the green, the s p 500 is also on the upside, a greater percentage gain of three quarters of 1 , that is a strong gain and look at the nasdaq, up 1. 3 , 154 points, that is a huge gain, why because of this, big tech, way up all acrosstheboard, let me go through some of the names, apple is up 2. 5 , 119 almost 120, facebook is up 5, almost 2 . Google is up 1. 7 , amazon is up 53, 1. 6 in microsoft up 3, 1. 4 , big green all acrosstheboard, now look at the banks, they start off earnings week tomorrow i believe, do you have a preview on the susan. Susan think about of the four biggest banks more than doubled their warchest expecting bad loans over the first six month of this year, now they think that they have enough set aside and use all plaintiff 70 of profit during the height of the covid lockdown and thats for march june, the consumer focus banks like j. P. Morgan, citigroup, wells fargo should see a rebound of their bottom line profit but for the investment banks Goldman Sachs and Morgan Stanley is expected to see a drop in profit and they will not see the volatility once again in action that you suffer march june, Interest Rates close to 0 and said to remain for many years up until 2023, that is going to be a headwind for a lot of the banks because you dont make a lot of margins on the loans that you do allow. Higher cost to keep employees and consumers safe during the pandemic but good news for these banks, deposits have surged more than a trillion, i lost count of the first three months because people are keeping their stimulus checks, spending at restaurants and travel and i think its going to be a great view, overview of how the u. S. Economy is doing out of the gate. Stuart a pointer for the economy and profits elsewhere. Susan thats what im looking for, sustained recovery to the u. S. Economy going forward. Stuart that stock is up preannouncement. I think its time we got to amazon prime day deals, you got them for us. Susan they convinced apart, very big seller. Stuart what . Susan , okay its a pot that does a lot of things, ill make it very simple for you, the i robot rumba, the vacuum that does very well during prime day, also this year we expect the crest white strips and 23 and meet with ancestry blood test those do really well during prime day as well but our video markdowns on to see but 32inch smart hd fire tvs down 42 , barbies, hot toys, and the traditional amazon goodies and devices like the ring doorbell, kindle and the ego dogs and fire tablets, those of the big discounted items you should watch for over the next two days extravaganza. Stuart look at the stock 3357, i dont know the high but it must be very close to the high, up 2. 2 . Extraordinary gain, 3003 to 59 bucks, amazing. Stuart walmart and target, they are trained to be amazon, the train to beat them in the speed game, tell me more about this speaker and get a best buy in there too, theyve a lot of stores, what to do because amazon prime day is upon us, they are saying lets compete on price but also on speed, you place your order online and you come to your store, stay in a special line in a curbside pickup, store employee comes out puts it on your trump, a new trend, huge and target the Second Quarter of 700 for target, it sounds like i do this all the time it sounds like a great idea, this is the issue they dont always have all the products in stock and in thinking closer to christmas, closer to hanukkah, those parking lots can be jammed to pack, do you want to buy limited inventory online and have to wait in the line for someone to put the item in your car, maybe, maybe not, thats how the big box are competing with amazon. Stuart it looks like big time shopping is going to arrive this week an adult arrived big time. Thank you ray much indeed, by the way, if youve got any money in this market especially in big tech, you are in the green this morning, check your portfolio and smile, then we have this, some top analysts say you should look closely at draft kings and essien particular. They are up this morning, what is so big about draft kings and at. They like draft kings, the betting giant will be a leaving beneficiary of the Online Sports betting surge that we seen in the u. S. , the stock is up 356 said they went public in april around 19 20 a share, the key that the analyst like about draftkings is access was very good strong market share, branding and marketing, ive seen is the key to longterm growth for draftkings and industry that could generate 58 billion a year down the line, that is a lot of money being generated by Online Gambling. You mentioned etsy, top analyst universe bullish on this online arts and craft site, part of the reasoning is a growing number of repeat customers seen during the covid lockdown also mobile and guest top traffic have jumped 62 yearoveryear, gross Merchandise Sales expected in the Third Quarter two surge 108 , who thought arts and crafts could generate such money but is doing very, very well, by the way other stocks on the list of top stocks to the cover from the analyst, walmart in peloton. Stuart peloton up again, we used to dismiss at sea as some kind of merchant, look at them now come up 200 this calendar year. All right, good stuff, thank you very much, breaking news from carnival, the stock is down 2 , what is the story is before they cancel cruises, the cdc says you cannot take a cruise until halloween but carnival is saying that but its not feasible, they had canceled their miami and parker novel florida cruise for november of 2020 and theyve also cancel cruises in australia as well, december up in the air, effectively their decision extensive cdc no sale order. Stuart two of those, down goes the stock, 22 days to the election, twitter if they flagged joe biden and President Trump if they claim early election victories, we got the story, meanwhile joe biden doesnt think voters deserve to know his stance unpacking the Supreme Court. Watch this. Told the voters deserve to know. Im not quite to play his game. He has been contradicting himself and we got the sound to prove it, President Trump has it jammed packed schedule, rnc chair Ronna Mcdaniel is here with more on that at the top of the next hour. We will be back. Staying on top of your game takes a plan. Thats why at aetna, we take a total, connected approach to your health and wellness. With Medicare Advantage plans designed to surround you with the care you need every day. Aetna Medicare Advantage plans. Stuart will leo surging on the news is going to buy the Customer Data platform known as segment. Start with how much and tell me what they do. Susan threepoint to billion dollars, you know what julio does, clark communication platform, i will give you an antidotal for instance if you cannot find your cooper driver you can make a call on the uber app, the is buying segments which is a Data Infrastructure Cloud Company and to provide storage, Data Services to help you find the relevant news or data point, also on a tear, of 200 so far this year end recently said the sales would jump 30 on analyst stages last week, it is expected to close by the end of the year end Cloud Companies are in high demand, government work in student staying at home, that is driving up need to work in the cloud, the deal is twilios second largest acquisition acquired send grid which offers company the Cloud Based Service for sending emails at a bigger scale c could do it and collated as a larger number, 2 billion back in february 2018 and by the way yes this is one that you missed out on, twilio ipo gas for how much. Stuart i can even think. Susan 15. Stuart four years ago 15, ipo, 317 right now. Stuart i did miss it, look at the market and bring an economist brian westberry. Let me express an opinion, i want the economy to open up, thats how i think we get growth, i think President Trump is leading the opening up, what say you . I cannot agree more, everything that weve lived there is about shutdowns and reopenings, we are partial reopenings right now, some states are fully reopened, not all people are ready to reopen but as a result we are seeing a huge rebound in economic activity, we are having a vshaped recovery and it will take us a while to get back to where we were but we will have strong data and we thought of for the last couple of months in the next couple months as well, there is no doubt about it. Stuart what about the july, August September quarter, that is the Third Quarter, im hearing huge growth numbers, what is your number. May be the biggest number we have ever seen, around 35 , remember this is annualized growth, what we grew in the quarter times for if you will, for quarters, the 3 35 compare that to the minus 31. 4 in the Second Quarter into go back to your first question, its because we shutdown the economy and then it started to open up. Plus remember businesses, this is one of the coolest things about especially america, we figure out how to operate, even a pandemic and make profits, so for you mentioned carnival, that is an ugly situation but so for 21 companies have reported, they are oddballs, they report not at the end of october or september but 21 companies have reported, 18 of them have b earnings expectation, i think this is why the market is doing so well and i expect earnings season for the Third Quarter as we start to get reports in the next month, it is going to be really strong. Stuart okay, we will take that, i love to see a 35 increase in the quarter that we finished. Thank you for joining us we will see you again soon. Next case, snowflake, you are up the percent, this is a Cloud Company, debuted last month and they just got good news, what is the news. Susan they debuted at 120, look at the shares now we have a host of banks coming in with price targets on the stock, the high sase is 350 at truest but also initiated the coverage thats outperformed, i want to talk about two of these, Deutsche Bank by reading frigid fidelity target but listen to what they say, this is a quote, snowflake is in the sweet spot for two of the most important trends of the decade, one is Companies Using data to make decisions and the other is the adoption of the cloud and limited exposure to china, that is one, quickly cohen, 295 target, the title, the slopes are steep and the problem is deep, they say snowflake will reach 1 billion in revenue more quickly than any other company. Stuart it is on a tear, that is for sure, cloud is doing well, up goes the stock, that is simple. Before we get to know information, the two stocks of the day, the two stocks in my opinion are apple and amazon, we will watch them through the day today, overall we got the market, the dow, up 100 points, 28700, show me the ten year treasury yield, weve got. 777 there, pretty much the same it was late last week, the price of gold is back well above 1900 per ounce, where is bitcoin, have not checked that for a while, 11560. Hundred dollars, up 4 , oil down again, 39 per barrel, i might tell you the price of gasoline is continuing to fall, i counted 13 states where the average prices below 2 a gallon. How about that. Elsewhere, even saturday night live is confused on where Biden Harris Administration stands on fracking. Watch this. If anyone should be talking about fracking, it is my guide joe biden, joe biden cracks in his free time, while they personally want to be in fracking, now that i know pennsylvania loves it, i just want to say this, joe biden eight banning fracking. Stuart that was funny. I laughed. We will get a live report from the campaign trail coming up with that, that is a promise, cannabis stocks, pot stocks all a boost after the Vice President ial debate, we will tell you all about it next. You know, malcolm, audibles got more than audiobooks. Of course. Podcasts. Originals. Bestsellers. Future bestsellers. Sleep stories. Mal. Hey, no roxy audiobooks, podcasts, audible originals, all in one place. Stuart the Vice President ial debate, commonly harris said she would decriminalize pot, that pushed pot stocks higher, mitch is with us, he is with meridia Capital Partners which studies the marijuana business in the industry, you are saying that it does not matter who wins the election, pot is going to be decriminalize, is not right. That is part of our point, whichever is the inevitable march legalization is going to happen either way. Stuart are you also saying, the illegal pot market is gradually being squeezed out by the legal pot market, that is another reason to buy established cannabis stocks. That is absolutely true, we believe i in and nevitt abilityf the legal market can under cannibalizing and is just a matter of time regardless of party mostly driven by local politics and local laws, they get up every time a state passes a law a brandnew market of illegal consumers moving to the legal market. Stuart does your company or the company that you represent invest in the cannabis stock themselves, that what you do. Absolutely is a private Investment Vehicle to invest in the fundamental growth in cannabis, mostly focused on supply chain and other drivers of the cannabis itself but we certainly do own some Public Security as well. Stuart on the lefthand side of the screen, i doubt you can see it, we have a list of your park positions, grow generation, cb two insights, crisco labs, the top one, grow generation, i take that that is a marijuana growing company, is not right. That is actually a hydroponic supply Chain Company that owns the largest retail footprint for delivering supplies, as i said the public articulation is not perfect because of the industry, there is a lot of companies that are too small or too early to be public, we found a tremendous amount in the private market, but publicly there are some companies doing fundamental things that are driving cannabis forward, with a growth rate of over 30 a year in the general industry you will find amazing growth, the inevitability of cannabis growth regardless of parties moving forward. Stuart 30 annual growth in the marijuana industry, that is fascinating. I wish we had more time but thank you for joining us, we do appreciate it. Stuart still ahead, rnc cheron mcdaniel, former wisconsin congressman and newly named Fox News Contributor sean duffy, trump 2020 Senior Advisor Mercedes Schlapp all in the show, we have another football from joe biden on the Supreme Court, we will call him out on it next. This was the theater i came to quite often. The support weve had over the last few months has been amazing. Its not just a work environment. Everyone here is family. If you are ready to open your heart and your home, check us out. We thought for sure that we were done. And this town said not today. Stuart joe biden has a packing problem. Not packing his bags to take up residence in the white house. Im being sarcastic there, but packing the Supreme Court. That is appointing more justices to insure a liberal majority forever. He keeps contradicting himself. Listen to this from what he said back in 1983. Roll tape. This is about clearly had the right to send to the United States senate, the United States congress a proposal to pack the court t was a bonehead idea. It was a terrible, terrible mistake. Stuart a bonehead idea . A terrible, terrible mistake to make . Now he wont say, now he wont say, whether he would pack the court. And he says, you dont deserve to know. Heres the tape. Dont the voters deserve to know. No they dont. I will not play his game. He would love me to talk about, i already said something on Court Packing. He would love that to be the discussion instead of what he is doing now. Stuart you know, it really reminds me of Speaker Pelosi saying you have to pass obamacare so you can see whats in it. You have to elect joe toe find out what he will do with the Supreme Court or statehood for puerto rico and washington, d. C. , or the filibuster, fracking, et cetera, et cetera. Well judge barretts hearing has already begun and the election is just three weeks from tomorrow. Will joe biden straighten out his packing flipflops . I would suggest you dont hold your breath. The second hour of Varney Company is about to begin. Stuart ronna mack mcdaniel, rnc share. Great to see you, ronna. Obvious question. You tested positive coronavirus and how are you feeling. Im feeling great. I got the doctors note to get back out on the campaign trail. Stuart this may be private can i ask you what treatment you used . I have severe asthma, i used orlando steroid prednisone it helped with my breathing. I was tough, tired, losing taste and smell was very depressing because i wanted to eat. Im on the mend. Energy is back, feeling really well, thank you. Stuart great to see you back hearty and great to have you back on the program. Lets move on. The president is on a three swing state today. Sanford, florida, today, iowa wednesday, North Carolina thursday. He is breaking out. The man is desperate to get back on the tray to have an impact. Well he is, got more energy than anybody i ever met. But he also needs to get out to talk about these contrasting visions for this country. Joe biden wants to raise taxes. He wants to embrace the green new deal. You just said he wants to burn down the third branch of government, completely upend our checks and balances. Change what the constitution stood for three independent brands muchs. President trump says i will continue to lower regulation, continue to lower taxes and continue to get this economy moving. Very different visions for america now. Stuart some critics are saying this is his last chance for a rebound bearing in mind the polls are against him at the moment. Last chance for a rebound. What do you say to that. Weve been here before, everybody said donald trump will lose. Look at all the polls. The polls are really in line what we saw with 2016. Im seeing different metrics. Im seeing the two million doors were knocking a week. I see energy on the ground. Im seeing a lot what i saw in 2016. Beyond that you have quo biden who is lying to the american public. He is saying i wont get rid of fracking. Then he said he would get rid of fracking. He will not tell the truth to the American People about stacking the Supreme Court and getting rid of the filibuster. That is very arrogant. He must think were boneheads like the clip. I will tell you how i will govern after the election. That is so arrogant and dismissive. Beyond that he wants to fundamentally restructure the United States of america. It is the biggest power grab in the history of this country that this ticket is running on. I think the American People are paying attention. Stuart the second debate was supposed to be this thursday october 15th. It has been canceled. Have you got any news for us rescheduling the second debate and what the president thinks bit . I know the president wants to debate joe biden. The president is ready to get out there anytime any place to talk to. Biden about the policies. This Debate Commission are corrupt. They are in the pocket of d. C. And joe biden has been their friend for 4years. Oh, lets cancel the debate and prevent the American People from seeing these two candidates. I think its a shame. That will not stop the president. He will be out there every day talking to the american public. The best is yet to come under this president. We already saw what he did with our economy. Weve seen what he has done with testing. Were close to getting a vaccine. Now our economy is already rebounding from this pandemic. The best is yet to come with President Trump. Stuart ronna, great to see you back, looking hail and hearty energetic comeback to see us real soon. Thanks for having me. Stuart sure thing. Lets get back to the markets bus we got a is. Rally this morning. Nasdaq is up 146. Dow is up 160. Anthony chan with us now. If i get back to my computer thing. This is a headline from the wall street journal. Investors are betting that corporate earnings are turning a corner. Theyre being revised upward. We havent seen that in a long time. Are you on board with a better profit outlook own here . Stuart, 100 . If you look at consensus earnings, 2021 s p 500 consensus earnings or look at forward earnings which is looking 12 months from now, since the middle of the year they have been steadily moving higher which is very encouraging for the equity market. By the way, stuart, historically, as you get choser and closer to the quarter, those earnings estimates tend to go down. This time they have been rising steadily. All this is encouraging. On the other side of that fence, the only thing that discourages me a little bit, when i look at the forward price earnings ratio 12 months from now, theyre about 22. That is a little higher than the historical comparisons but again, if these earnings are getting better, earnings will catch up eventually. The market will in fact do okay in 2021. Stuart youre an economist. He had forecasts on this program, Third Quarter, we just finished will show a gain of 30, 35 for the growth rate of the economy. Look forward for us, please. The Fourth Quarter, what kind of growth rate do you see there . For the Fourth Quarter, i think the Fourth Quarter is hostage to whether or not we get economic stimulus. If we get no economic stimulus, were gog to get a number below 3 . Im going to say somewhere 1 1 2, 2 . If we get stimulus, we can probably push that number higher to about 5 . Which is why i would love to see republicans and democrats make a deal and help the American People because we lost 22 1 2 million jobs during this terrible pandemic. Weve gained 11. 4 million jobs, stuart. We still need another 11. 1 million nonfarm payroll jobs. By the way that number is higher than the 8. 7 million jobs we lost during the Global Financial crisis. I think it is imperative for both parties. Im encouraged by what the president has said. He said he wants to go big. A number even bigger than what the democrats are saying. He said that in the past. We get democrats on board, both are on board, well get a straight Fourth Quarter real gdp. Stuart speculate. Suppose we get a onetoone 1 2 trillion dollar stimulus package, we got that fairly soon. What happens on the stock market . Does it go straight up . I think the stock market does much better, remember as you get faster real gdp growth, you get faster increase in revenues and faster jump in corporate profits. In fact that is the reason why, stuart the consensus numbers for the Third Quarter have been going up. Because the consensus numbers on real gdp growth have been going up. If that happens in the Fourth Quarter, stuart, guess what happens . Earnings go up. If the earnings go up the stock market goes up. Stuart got it. Simple as that. Anthony, seriously. Thanks for joining us. We do appreciate it. Just a moment ago we showed you two stocks, apple and amazon. I think theyre the stock of the day. Amazon is up what, 100 bucks a share as we speak. There you go. Apple three bucks, nearly 3 . Amazon is up 3 . Facebook up 1. 7. That is a rally in tech. Ashley come in please, you have got a travel update for those people ha want to fly to london. Im interested. Go. Ashley trying to improve the possibility as we head towards the holiday, stu. Government agencies say the keys to all of this is to have passengers tested before they fly and again once they arrive. Allowing them essentially to avoid those really horrible lengthy quarantines, essentially, cancel your travel plans. Agreements have bp reached between the Trump Administration and foreign governments, particularly the uk. Also with germany perhaps. Theyre in talks right now. Right now they would like to see quarantines limited to just 24 hours. Other federal Officials Say they should be able to force people to isolate for 4 to 7 days but not those 14 days in place right now. As it stands, americans traveling to the uk must indeed quarantine for 14 days. Two weeks before you do anything. For the most part they cannot travel to the european union. The u. S. , by the way, bars travelers from the uk and europe unless they are u. S. Citizens or permanent residents. Despite all of this, many Airline Executives say it sounds good but until we have a widely available and effective vaccine people will still not want to travel by air. At least not in the type of numbers that the airlines would like to see. They are trying to get this line, at least a corridor if you like, opened up between new york and london or other airports in the u. S. To london as a basically a Pilot Program where you dont have to quarantine for two weeks, which essentially nullifies any thoughts of going to the uk so who can do that . Stuart the most Important International route of all, new york to london, london to new york. Thats huge. A lot of money at stake here, ash. We have a lot of winners. Susan will explain. Susan nasdaq is outperforming on the dow, that is helping lyft with apple still listed on the dow 30. Upgrade from rbc capital predict 132 for apple. Google getting upgrade from Deutsche Bank. This is ahead of the earnings season. Were talking about big banks kicking it all off, giving us a broad outlook how the economy is recovering. As you mentioned to anthony chan just then, first time we see analysts upgrade earnings for 10 years. You have to go back to 2010. Because we lifted off the bottom from the Second Quarter from march to june. Things should get better from here. Also one more thing, low Interest Rates. We have 31 trillion worth of bonds getting basically zero. People think some of that money will move over to stocks. Stuart that is why stocks are up pretty much across the board this morning. Susan, thank you. The World Health Organization says we dont favor lockdowns. This is relevant to our president ial election because one side you have President Trump leading us out of lockdowns. On the other, joe biden i think leading us towards more lockdowns. You have my take. In the 11 00 hour, former wisconsin congressman sean duffy, that is the take on the president s student loan forgiveness proposal. That is what he proposed. What does duffy think . California congresswoman Maxine Waters, called out by her challenger living in a multimilliondollar mansion. Watch this. Do you know where i am right now. Maxine waters 6 milliondollar mansion. Do you know where im not right now, Maxine Waters district. Thats right. Maxine does not live in her district but i do. Im joe collins. Im running for congress against Maxine Waters. Stuart that is yo collins. Navy veteran. You hear more of his scathing campaign ad, right after this. Before nexium 24hr, anna could only imagine a comfortable nights sleep without frequent heartburn waking her up. Now, that dream. 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Weve been creating moments like these for 35 years, and were here to help you get started. Book your free virtual or inhome Design Consultation today. What about here . Here . Here . Daddy, is that where were from . Well, actually. Were from a lot of places. You see were from here and there and here. Turn questions youve always had into stories you cant wait to share; with ancestry. Stuart its a rally folks. Monday morning rally. Dow up 200. Big tech doing well, up 167. Astrazeneca has struck a deal with the government for 100,000 doses of their antibody treatment. That is worth 486 million. The stock is up 1 . Re again ron, their ceo said that trumps quick recovery using their antibody cocktail was just a case report, meaning it was a singular occurrence. He is saying you cant judge the treatment on the basis of one patient. The stocks down 1 . Lets get to vegas, shall we. Been a long time since ive been there, i tell you. No conventions. They are virtually shut down. That has got to hurt. Susan 42 occupancy in august. Compare that to 90 the year before. Over 42 million visited las vegas last year in 2019. So far according to the vegas authorities, only 6. 6 million. Stuart ouch. Susan compare that, mostly attend conventions in the city. It has been a tough, tough year for the strip with the loss of big meetings ces has been canceled for next year, usually attracts 175,000. What about the less known, professional National Finals rodeo . That usually attracts 170,000. It has been in vegas since 1985. It moved to texas this year. Vegas might be coming back with conventions up to 1000, that is number youre allowed, as long as attendees remain separated in 250 people groups. As a result youre looking high numbers, high jobless rates 15 standing in august. That is nearly twice the national average, thousands being furloughed possibly permanently laid off. Stuart that is a swing state. Nevada very important. Do voters want it open up get back to business with trump or do they want to close down where a mask with biden . Susan should we point out the w. H. O. Said we shouldnt be locking down once again. That was huge this weekend to hear from the World Health Organizations. Stuart i am going opine on those things. Susan good. Stuart look at ride shares that would be uber and lyft. They spent, what, 185 million bucks to keep drivers as contractors. That is in california. Theyre trying to override that bill, signed last year which classifies the drivers as employees. Bring the california voice of reason, larry elder, salem radio talk show host. What is the status of this attempt to overturn, i think it is ab5. What is the status in the vote . Status as soon as that bill was passed uber and lyft challenged it in court. The low you are court judge ruled the law was lawful. They appealed there is temporary restraining order. Uber and lyft and other rideshare apps are operating as usual. This is ab5 what happens in game what will happen to america if joe biden and democrats retain control of the house and get control of the senate n california, as you know, there isnt a single Republican Holding statewide office. The democrats have supermajorities in both chambers about of legislation this bill right here, not a single republican in the senate voted for it. One republican in the Lower Chamber voted for it. This is the kind of stuff that voters will be facing in the event that america becomes like california. Unfortunately the polls suggest, unless something happens that may very well be the case. Stuart that is the status . You dont think that ab5 will be overturned . I cant believe that. There is all kind of people in california that would be affected negatively. If it isnt overturned it of course completely destroys the entire Business Model what uber and lyft trying to do. One company left california, vox. Stuart what is the vealing in california . What do the polls show . Surely there is some polling whether youre youre breaking up little bit. I think i herd you say what is the feeling in california . That is the interesting thing about, there is no polls that suggest consumers unhappy. Consumers are very happy with uber and lyft, and workers no polls suggest theyre unhappy. They grumble about the payment. This would could a lot of things. Give drivers minimum earnings. Maybe some contributions to their health care and they would be retain their independent contract status so that therefore labor courses dont go up 30 which as i said would completely take a baseball bat to the entire Business Model. Again, what is the point . Are consumers complaining . No. The labor unions, democrats are complaining because they want the workers converted to Union Workers to get union dues that is the whole reason. But the consumers are very happy. So whats the point . Once again a government as a Third Party Entity like minimum wage. If you are willing seller of labor and you have a willing payer of that labor, what difference does it make to third party like government they dont like the transaction . That is what is going on here. You have a willing seller of labor, the drivers, a willing payer of labor, uber and lyft and a third Party Government saying i dont like your deal. What gives them the right . It is maddening to me. Stuart maddening to me. You can always move, larry, you can always move. Hold on a second, deal with joe collins, navy veteran, running against congresswoman Maxine Waters. He put out a scathing ad against her. Watch this, larry, everyone, watch it. Know where i am right now . Maxine waters 6 milliondollar mansion. Do you know where im not right now . Maxine waters district. Yep, thats right. Maxine does not live in her district but i do. Im joe collins. Im running for congress against Maxine Waters. Stuart larry, whats joe collins chances here . Its a great ad. I met him. He supported him. I supported everyone much Maxine Waters opponents last 30 or 40 years. All i can tell you one time i supported a guy verbally, i campaigned pretty hard for him, and Maxine Waters 8515 percent. She is entrenched in this district aggressive as joe collins is, carries mastic as he is, impressive rest may, he is, i dont believe Maxine Waters cannot be dislodged. She is one of the most corrupt members of congress by leftwing groups every year. Evaluated by this group, almost every other year they determine her to be one of the most corrupt members of congress. Every two years she gets elected. Scotty, beam me up. She hasnt lived in her district for a long time. Im surprised people havent made a big deal about it as joe collins has. Stuart larry, im asking you, five or six years, why dont you move . A lot of people are moving out of california. Seriously, why dont you . Im thinking about it. Ben shapiro announced his intention to move to tennessee. Believe me im thinking about it. I pay 30,000 every year in property taxes. They go for health care for our School System which is one of the worst in our country. Only one in six black kids can read, write, state proefficiency levels. Were spending 16,000 per student, lausd. Teachers want to spend more and more. We dont have hoist in school. Something that Maxine Waters does not support. I went to Crenshaw High School as i told you before. A school featuredded in boys in the hood. A article l. A. Times, my former high school only three kids can do math at grade level and school run by the crips. Republicans want to give you an option. Democrats dont. Easy choice for black people to rethink their allegiance to the democratic party. Stuart i keep asking you, why dont you move . Well see you soon. Thank you. The election is 22 days away, three weeks from tomorrow. The president is wasting no time. He is out of quarantine. He is heading to florida today. He is the on the campaign trail. Were following it. Hillary clinton and barack obama, president obama, walking away from the russia scandal looks like scotfree. Looks like they got away with whatever theyre accused of doing. More varney after this. Smooth driving pays off with allstate, the safer you drive the more you save you never been in better hands allstate click or call for a quote today 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 stuart stocks are up all across the board. Would you look at that. The dow is up 200. The nasdaq up 167. Its a great day, folks. Read it and smile. Next, President Trump says we can expect breathtaking new documents about the events leading up to the russia probe. Listen to what he told maria over the weekend. Roll tape. President trump documents are being released at a level now known has ever seen before. Things nobody thought would get release have had been released. Youre seeing it, youre seeing all the time. Youre seeing what is going on. We caught them cold. We have them cold. Stuart we have them cold says the president. The gentleman on the righthand side of the screen, brad blakeman, former Deputy Assistant to george w. Bush. Brad, it is too late to affect the election, isnt it . Unfortunately the answer is yes. Because the Durham Report will not be released prior to the election but we are the ultimate grant jury. The electorate coming november 3rd. Well decide whether the investigation is to go forward as part of reelection of donald trump. I can assure you if biden gets, in election will mean any further investigation of the clintons, fbi, all those responsible for the russian hoax will skate and that will be quite unfortunate. I. I just dont think most voter will hear about it. Evidence from the former director of the cia. He had brief president obama on littlerys plan to bring in the russians, blame trump on the russians. We have documentary evidence but very few americans know it, because the media will not report it. That is a crying shame and disgrace to journalism. There is no doubt that the media is complicit. Not only with they complicit in not reporting it now. They were complicit when it was occurring. They were the perfect cover for the clintons. They were sure she was going to win. Why not, be able to have a notch in your belt if youre the media, that you created another president . I mean it is the most abhorrent part of this story. Yet none of that will be prosecuted as well because they hide under a cloak of immunity. Stuart i will tell you this, if President Trump loses and if joe bidens wins you will never hear about it again. It is all over. In a heartbeat you will never hear about this again and those responsible, some are gone, never to serve in public office. That is probably the only thing we will benefit from but yes, people will escape justice. Stuart i hate to end it on a down note but i will say this. I think that the left is so hateful of President Trump that they have lost their ability to reason rationally about this presidency. Is an extreme statement. I will give you the last 30 second. There is no doubt about it. I believe there is silver lining. I believe donald trump will be reelected. When he is reelected a dave justice is coming. One long in the making but, it is going to be rendered nonetheless. Stuart we shall see. Youre not supposed to end like this, only time will tell. But on occasion you have to say that. Right . Only time will tell. Always appreciate it. My pleasure. Stuart lets not let the issue stop. Lets stay on. This thanks, brad. Well check some automakers for you because look at general motors, 32 a share. Sales in china up 12 last quarter. The stocks in the green, just. Susan what have we got elsewhere . Ford . Susan ford, have you looked at it . Up grade from benchmark. Benchmark calling it a buy, predicting better Third Quarter earnings and also new Management Team they say will provide a nearterm catalyst for the stock. So ford is worth about 10 according to benchmark. That is up 38 from fridays closing price. Look at the Movement Today from 7 . We know that ford announced the new ceo, jim farley. Announced a new cfo, Management Changes which benchmark is very enthused by. Look at ford down 22 this year. Gm lower by 12 . Big underperformers. Look at the outperformer, yes, i dont need to tell you who is the outperformer this year up 400 . Get this, Research House this weekend said tesla could be worth a trillion dollars by 2025. That is 2 1 2 times current market cap. Remember the analyst on friday who said tesla could be the biggest carmaker by sales by end of this decade. Tesla sales 10 of what ford and gm sells. Stuart amazing how wall street, establishment wall street, put it like that, has turned around and taking a fresh look at tesla, as the preeminent car company in the world. Susan not just a car company. People see it as Technology Company when it comes to advanced tech, selfdriving, much more than the four wheels on the roads. Stuart not to mention space and tunneling. Susan that is not part of tesla per se. Part of elon musk stratosphere. Stuart when you think of musk, that is what you have to add into tesla, the boring company, what is the brain thing. Susan the neurolink. I wouldnt discount the fact ceo charisma factors into teslas surge. Stuart there we go. 439. Another one i missed. Missed out totally. Coming up we have a guest who says trumps reelection would mean America First on trade is here to stay. But what happens if biden wins . I will ask the question. Democrat senator chris coons says judge barretts nomination constitutes Court Packing. Really . I thought he was just filling a vacant seat . Well certainly discuss this in a moment. When i was in high school, this was the theater i came to quite often. The support weve had over the last few months has been amazing. I have a soft spot for local places. Its not just a work environment. Everyone here is family. Gonna go ahead and support him, get my hair cut, leave a big tip. If we focus on our local communities, we can find a way to get through this together. Thank you. If you are ready to open your heart and your home, check us out. Get out and about and support our local community. We thought for sure that we were done. And this town said not today. Stuart check those markets. In particular check the nasdaq. It is up 179 points. Big tech is doing so well today. Im looking at apple up four bucks. Amazons way up. Big tech is really going hard up today. Dow jones industrial average up 177. Were up across the board. On capitol hill the Supreme Court hearing for judge amy barrett, Amy Coney Barrett is underway now. One of the democrat senators who sits on judiciary committee, he believes that this rush to confirm judge barrett constitutes Court Packing. Oh. Roll tape. Count the ways which judge barretts views, her views on reaching back and reconsidering and overturning long settled precedent are not just extreme, theyre disqualifying. I think this constitutes Court Packing. Stuart okay. This constitutes Court Packing. To me it is just replacing someone when a seat is vacant. Were joined by todd piro, fox friends correspondent. I didnt know this. He is a lawyer. He is still allowed on the program. So what do you have to say about replacing a vacant seat as Court Packing . You dont need to be a lawyer to answer this question. You just need to read a dictionary. Stuart, this has been ridiculous all weekend long the way people danced around this. Court packing has a definition. It literally means expanding the court. It doesnt mean doing your constitutional duty like President Trump is and all president s have done before him and adding people to the court when there is a vacancy. Like if i say this is a banana. That doesnt make it true. This is a phone, that is the definition of a phone and it is boggled my mind all weekend the democrats and sew many in the Mainstream Media allowed this secondary definition which is incorrect to linger. It is not Court Packing. Court packing means expanding. That is what joe biden beat around the bush not saying whether he will do it or not before the election. That is what it is. It is not doing your job filling seats. Stuart so it will go forward and is this the democrat line . Youre packing the court. Youre packing the court . Separate question, do you think joe biden will ever answer the question about packing the court . I dont think he will. I mean because he has had now, 72, almost 96 hours at this point to finally say, let me answer this question. I didnt handle this rather artfully first 72 hours. You havent heard anything. I think he is hoping it disappears and President Trump does something sucks up all the oxygen, in this case this week sucks up all the oxygen with regard to the hearings. I dont think you will hear but doesnt mean that will not happen. If the democrats take over everything, they will do it. They said it they will do it. Stuart will look so bad if they dont answer the question at all. Todd, despite your lawyer background, youre welcome on this program anytime you like, son. My apologies for the jd, stuart. My apologies. Stuart see you again soon, todd. Thank you very much, sir. Trump and Speaker Pelosi sparring over the stimulus. The speaker calls the president s proposal grossly inadequate. Is this just going to be dead on arrival . Well certainly find out soon. Show me big tech, my goodness me. A lot of companies are extending their work from home policies, allowing remote work indefinitely. There is, however, a catch. You will have my take on that next. Flexshares etfs are built with advanced modeling. To fill portfolio gaps and target specific goals. Strengthening client confidence in you. Before investing consider the Funds Investment objectives, risks, charges and expenses. Go to flexshares. Com for a prospectus containing this information. Read it carefully. State of the Art Technology makes it brilliant. The visionary lexus nx. Lease the 2021 nx 300 for 359 a month for 36 months. Experience amazing. At your lexus dealer. Keeping your oysters busihas you swamped. You need to hire. 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And its made by kohler americas leading plumbing brand. We need this bath. Yes. Yes you do. A kohler walkin bath provides independence with peace of mind. Ask about saving up to 1,500 on your installation. Virtual appointments now available. Stuart all right. Overall we have a rally across the board. I really want to show you apple and amazon because they are both just going straight up. On your screen, we got amazon up 114 bucks at 3400. The alltime high for amazon is 3550 or thereabouts. Apple is now up 4. 25, 3. 6 . Apple is at 121 because they have got their new iphone coming out tomorrow, the 5g i iphone. Amazon has the prime day starting tomorrow. Both are going straight up, a big deal. We have the big tech announcement, some employees, not all of them, could work from home indefinitely. That changed the whole employment picture from tens of millions of people. Pay cuts are the fly in the ointment here. You can live and work where you like but at facebook and microsoft, if you move out of expensive areas like san francisco, and you move to a cheap every area, you may be hit with a pay cut. This is a big plus for big tech. They dont have to shell out a fortune in office rent and they get a cheaper workforce. A lot of employees will not like it. They were hired for their skills and they add those skills to the company no matter where they work. Their contribution is the same. Why should they make less . There are plenty of questions here but the fundamental shift in employment location and pay seems to be happening right now. Led by big tech. Staying own that subject, look at twitter. They could be flagging tweets from President Trump and joe biden, lauren. Why . Lauren yep, if either candidate tweets out premature victory, that tweet will be flagged and labeled with the warning label by twitter. The reason is, they want to curtail misinformation on the site. It is going to likely be a contested election. So theyre trying to police their sites if you will. What does twitter consider an official result . Either a state official saying this is the winner or two National News outlets declaring victory. So if joe biden or donald trump tweet something saying i won the election, twitter will slap that with a label. Stuart slap it with a label. Okay. Sounds dramatic. Slap you with a label. Lauren, lets bring in the ceo of parlor. That is john mattes. Youre doing the doing the opposite of twitter and facebook. You will not shut down any election coverage, am i right . Youre 100 correct. Thank you for having me on again today. People need to have transparency, right . It will be like you said a contested election. There will be a lot of high tensions. I think having more information and more transparency is key to resolving everything in a key way where everyone has faith in the results. Stuart i absolutely agree with you. The problem is, facebook has two billion daily users . How many do you have . Well, we have over four million users. You know, a large chunk of them active daily. I think it will be enough to make an impact though because it is in a large Demographic Group that does have, you know, a lot of questions about the authenticity of what theyre hearing. There is a lot of people who are looking to parler because they know that they will get at least all sides, be able to talk about their own side and get their questions resolved. Stuart i cant remember a time when someone made a headline, i said this on parler, look at it. Youre laughing but you know where im coming from here . Uhhuh. Well, we have a lot of people are starting to actually pick up parlays in their news articles, because more and more people are being kicked off other places. This is the only place you can quote a lot of individuals and when it comes to facebook and twitter what is going on with the election, we launched a transparency 2020 hashtag as well as account on parler, so people can get access to anything might not be reported elsewhere, we have twixet. Com you can see what theyre up to. I think theyre trying to put their fingers on the scale, trying to get involved in the election when they should be doing the opposite, what were doing, hands off, share information. Stuart what about the whole idea of hate speech . I know it is very hard to define hate speech but do you define it and do you kick people off for expressing what you consider to be hate speech . Well, what everyone considers to be hate speech is different among everybody. Stuart sure. It is very difficult because the, you know the United States is not defined it any real way. The Supreme Court has not. In fact they have given opportunities to and chosen not to. Because what weve done because it is specific to everybody, everyone has tools they can show content they see fit. This they Say Something is they dont like it they can get rid of it. We dont have to. Were abiding by the law. The United States presented everybody in a town square, were trying to be that virtual town square. If you dont like what someone has to say you can mute them, block them, filter out their content. There is ways for you to avoid content you dont like without having to take someone elses rights away. Stuart you dont censor anybody . You let your users censor other people on your platform, is that it . Well they dont really censor anybody from else. What they do, keep it away from them if they find it unwoman for thible. We dont do that. Stuart they do that. You dont do that . Exactly. If something needs moderation. We have what we call a jury system. Unlike twitter and facebook where they are in control, we have a jury where you get a jury of your peers will look at the content and they will make a determination in a majority quorum system what is, is not against terms of service. More like the legal system in the United States rather than kind of an thor tear can regime like i would describe twitter and facebook. Stuart are you a lawyer, john martz . I am not. As far from a lawyer as you can get. Good to have you on the show, john. I want to hear about your growth rate. Four million now. Next time you come on i would like to see more than, okay . I would love to see that too. Stuart i bet you would. Thanks for joining us john, appreciate it always. Take care. Stuart another social media story for you. Tiktok has been accused quote bullying one of its rivals here in america. Explain bullying. Talking about triller. That is another short music video, short music app. Accusing tiktok being the arm of the chinese government. In a memo obtained by fox business, the chairman saying tiktok is engaging in a Media Campaign to drum up bad press to stunt tillers growth. Tiktok has powerful ally in their corner, mainly the chinese government. Theyre accusing tiktok stealing their technology. Bad press, stealing technology, that is what they consider bullying. Triller could go public. By a blank check company. Triller was launched in 2015. Only has a fraction of the 100 million monthly active users tiktok has. 65 million for some of the numbers that i saw. Spac deal could be worth a quarter of a billion dollars, 250 million. So far they raised 100 million, valuing the company at 1 and a quarter billion dollars. That is interesting. Stuart this criticism of tiktok is their way of marketing their company to bringing their followers over to them . Susan yes. Stuart thats what theyre doing. Susan that is a good way to look at it too. Stuart thanks, sewers san. News from the u. K. Boris johnson, oh, no, ashley, new lockdown rules in britain . Ashley yes. Yeah, it is, Boris Johnson speaking in the commons today saying that the number of cases in the uk is quadrupled in just the last three weeks. There are more people he says in the hospital with covid19 than when the country went into lockdown. He is introducing but he does say a Second National lockdown is not the right way to go. Instead hes introduced a threetier system. Tier one being the least restrictive, mild, high or medium, and then tier two is high, tier 3 is very high. If youre in very high tier and liverpool, being one of them, pubs are closed, gyms are closed. That is the most stringent restrictions put in. Stuart just wonder which tier one is in. Ashley, thanks very much. More varney 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 . 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I mean, this is a man who a week ago was getting airlifted to a hospital because his oxygen levels were plummeting, and now hes getting ready to get back out and spread his message. He needs to get out and talk about these contrasting visions for this country. The best is yet to come with President Trump. I dont believe for a minute these polls that show donald trump down by ten points. The investors know that this is a race that trump is very much in. I think its, i truly think its its [inaudible] this is, i think, one of the coolest things about especially america, if we figure out how to operate in even a pandemic. Stuart i dont know what this song is, but i like it. All right . The rhythm that has been established is upbeat, positive and lovely. I love it. Weve got a big news day this monday. President trump is back on the campaign trail. Judge barretts confirmation hearings are underway already, and weve got a whopping, great big tech rally. Look at this, apple is up 4 . 4. 89. Amazon is up 3. 9 . Thats 3,400 a share. Facebook is up nearly 3 , reaching 272. That is a big tech rally, up 2 for google, microsoft oh, okay, well take it, 1. 8 . That is a rally. Do you have anything more on this . A lot of positive. Were coming off the best week since the end of july, and today a lot of these tech names got upgrades including apple which is worth 132 in the future. You also have the 5g iphones coming out tomorrow and also new headphones and a cheaper home pod expected as well. And amazon starts their twoday shopping extravaganza, prime day, of course, and an upgrade for google. Forecasting 2020 is the target price for the likes of google. And across the entire board, up 1. 53. 5, in some cases close to 4 , and thats lifting the benchmarked today. And weve come off the best week since the end of july with. The upgrade as we head into the Third Quarter earnings season which kicks off this week, and some say that since we have lifted off the bottom in the Second Quarter and tech names did pretty well, by the way, during those covid lockdowns, its all signals go from here. Stuart it is a rally, ladies and gentlemen. S nasdaq composites well up over 200 points. Thats big tech for you. Look at that, up 215, up 216 for the dow, 41 higher for the s p. All right, now this. To lockdown or not to lockdown. The World Health Organization weighs in with an opinion that has implications for us here in america. The w. H. O. s dr. David navarro said, quote we do cannot advocate lockdowns as the primary means of control of this virus. Oh, why not . Because, navarro says, lockdowns make poor people a lot poorer. Whoa. Its about time that was made clear. In america lockdowns ruined the industries which employed tens of millions of low income people, and thats just the economic side of it. How about the rising suicide rate . Depression, domestic violence, substance abuse, premature death because you cant get regular checkups. All we hear about is the danger of the virus. Rarely the horrendous problems the lockdowns bring. This is very relevant to the president ial election. President trump is leading us out of lockdowns. Joe biden is leading us towards lockdowns. The president appeared in front of his supporters at the white house a week after he was hospital used. He says he is virusfree. He is immune. And hes back on the campaign trail. Today hes going to florida. Hes broken out. No lockdowns, hes opening up. Joe biden goes the other way. Hes called for a National Mask mandate. In plain english, wear em, everybody. And hes never walked back his abdication of governmental authority; that is, a new lockdown if a committee of scientists tells him to. We have yet to hear the democrats acknowledge the economic, social and medical costs of lockdowns. Its ironic, isnt it, that the World Health Organization is warning that lockdowns devastate the poor at precisely the same time that democrats, who supposedly represent the poor, continue to urge lockdowns. One last point. A study at Brown University found one child in a thousand goes back gets the virus by going back to school. One child in a thousand. That is extremely low risk. And it pales into insignificance compared to the educational and personal damage from lockdowns. The third hour of Varney Company is about to begin. Stuart all right. The president says he is immune from the virus. He wants to lead america out of the pandemic. I think hes doing exactly the right thing as the leader of our country. Dr. Marc siegel is with us. Do you believe its safe for the president to be back out there the on the campaign trail . I do, i do believe it, stuart, because, you know, the cdc has recommendations intended for Health Care Workers that say ten days after the onset of symptoms in the mild to moderate cases, that you basically are not infectious. And ive talked to sources in the white house that have told me that hes not culturing the virus as positive, that he had an antigen test yesterday that was negative and that his viral load, the amount of viral particles, is very low. All of it points to him not being infectious right now, absolutely. Stuart now, you with evaluated the president s medical condition. Not face to face, but you did he was on camera, you were on camera. This was over the weekend. What was your overall impression from seeing the president and talking to him about his medical condition . Now, stuart, it wasnt an official medical exam, of course, it was an interview. But i have to say he seemed quite comfortable throughout. He wasnt short of breath. Heal gave me a lot of information about his history, that he had gone into the hospital fighting, by the way, his doctors, like all my patients because he was fatigued. His cat scan showed congestion initially but then got better, and he feels he responded very dramatically to the regeneron, the antibodies he took, which could be very useful to a lot of people in our society. So i have the feeling that he was very weakened, that was his main symptom, and the fever. He got better quickly after the treatment and that his stint in the hospital demonstrated that. Stuart i think you and i are in agreement about what the World Health Organization said, dont do lockdowns because they make the poor a lot poorer. And if you do lockdowns, youre covering up all kinds of social and medical problems, and youre creating those problems because of the lockdown. I i think we both agree open up, please, and be as safe as you can tail. Are we at the same time. Are we together on this . Yeah. I thought you were very eloquent about this. I wrote about this in my new book out tomorrow, and i want to point out, by the way, a couple of things you didnt mention. Dental care is down 78 in young children, and developmental analysis down, way down. And immunizations are down. And david navarro, who you pointed to, dr. Navarro of the World Health Organization, for him to be i saying this, hes known as a fear mongerrer. Back in the bird flu days, he said 100 Million People were going to die. If hes now coming forward and saying, hey, watch out for the da draconian costs of lockdowns, thats even more important. Hes absolutely right. Stuart youre a doctor, you and maria scored a couple of inside the ballpark home runs over the weekend with President Trump, and it was great to see you there. Doctor, thanks for joining us. See you again real soon. Okay, now, lets digress and put up Carnival Cruise lines, down 2. 4 . Theyve canceled all nonflorida routes. The company will not be resuming operations in november as originally scheduled, thats whyst t down 2. 4 . We have word of this, 984,234 passengers passed through the tsa checkpoint on october 11th. That is the highest number since march the 16th. The airlines, however, not responding to that. The airlines are mostly down pretty much across the board. Im showing you united and american, both down. Delta, southwest, jetblue also down. Of course, theres some doubt about the status of their ballout. Thats whats ailing em. The drugmakers, all right, lauren, come in, please. Whats the latest on treatment efforts . So astrazeneca, it can help prevent infection. The u. S. Has paid them 486 million for 100,000 doses this year and the option to buy 1 million more doses. Now, the antibody cocktail treatment that President Trump was treated with and has touted is from regeneron. The ceo of that company says trumps success with it is a, quote, singular occurrence, meaning he says wait for the gold standard, wait for the Clinical Trial data to be released before we know how effective regenerons treatment really is. Nonetheless, the stock is up today, and the u. S. Has 50,000 of this treatment on hand. Stuart all right, got it, lauren. Thank you very much, indeed. Now, investors are watching the big banks carefully. They start to report their profits as of tomorrow, i think. Uhhuh. Stuart why such interest in big banks . Well, were coming off the best week for the stock market since july, and earnings, i think, will be a catalyst to go even higher from here. And itll be encouraging, by the way, to see if we can already beat High Expectations in the market. You have earnings estimates being raised, and banks will be the first ones out of the gate, jpmorgan on tuesday, bank of america, wells fargo on wednesday, Consumer Banking names likely will see profits go up, however, the investment banks like the goldmans and Morgan Stanleys will likely see lower profits because you didnt see that crazy activity from march to june. Its often a great way to judge economic recovery and growth because of proxies, right . Right out of the gate. But let me ask you this, given that we do have these high estimates, 69 off the s p 500 companies that have given guidance so far which is about 70 of the 10year average, theres a lot of black holes to be guessing and pointing to who the winners and losers might be when it comes to the Third Quarter. However, i still think the earnings stuart oh,ing or absolutely, the banks, people are budding them all up. I think youve got this lack of a willingness to forecast guide posts. Stuart what do you do . Youre just coming out of a virus, you think youre coming out of it. Its almost impossible to look objectively at the future. Yeah. The good news is, as you pointed out before, the Second Quarter was the bottom for the stock market, bottom for corporate earnings, so we should be going higher from here. Stuart we should. [laughter] i think we will. All right, susan, thank you. Speaker pelosi calls President Trumps stimulus proposal grossly inadequate. Former wisconsin congressman sean you have duffy is here to cover that for us. Grossly inadequate, really . 1. 8 trillion . Grossly inadequate. President trump back on the campaign trail, he goes to florida today. My next guest says if President Trump wins reelection, America First policies are here to stay. Obvious question, what happens if joe biden wins . Well talk about this. I wanted more from my copd medicine, thats why ive got the power of 1,2,3 medicines with trelegy. The only fdaapproved, oncedaily 3 in 1 copd treatment. 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Joe biden fracks in his free time. And while i personally wanted to ban fracking, now that i know pennsylvania loves it, i just want to say this joe biden aint banning frack. Go wiggle. [laughter] stuart that was funny, did you catch it . Saturday night live confused on where a Biden Harris Administration stands on fracking. Well, Hillary Vaughn is with us. Can you tell us, hillary, how the biden position has evolved on this . Reporter well, in the primaries, biden was catering to progressives, trying to keep pace with senator Bernie Sanders who called for banning fracking entirely. And on the debate stage, biden promised that his plan was exactly like Bernie Sanders plan. Fast forward now to the general election where biden is trying to clarify that hes not against banning fracking at all. But lets take a look back at how his position has changed from the primary to now. Im talking about telling the fossil fuel industry that they are going to stop destroying this planet. No ifs, buts and maybes about it. No more, no new frack. No matter how many lives, i am not, not, not, banning fracking. Period. But, you know, i want you to just take a look, okay . You dont have to agree, but i want you to look into my eyes. I guarantee you, were going to end fossil fuel. Reporter we were on the ground in pennsylvania talking to voters, talking to manufacturers and talking to those in the Energy Industry about bidens plan, and the key part of it is now biden says he would not ban fracking, but he wouldnt allow any new fracking on federal lands. Thats the california yacht. But his promise caveat. But his promise to end dependency on fossil fuels is written in black and white on his plan, and the bottom line is if you end fossil fuels, theres no need to frack because what youre pulling out of the ground isnt going to be used anyway. So essentially, biden predicts and wants to move toward a future where there are no dependencies on fossil fuels, and so there would be no need for fracking. Stuart i think youve offered us some clarity there, hillary, and we like that. Thank you very much, indeed, Hillary Vaughn. Good stuff. All right, theres the headline, a trump reelection would mean America First on trade is here to stay. The author of that headline, christian whiten, who knowns us duh christian whiton. I think the headline makes your point, that a trump reelection means were still America First on trade, were going after china and all the rest of it. I think we got the point. But let me turn the it around, what happens if joe biden wins . What happens to trade if joe biden wins . Spell it out. It would be a stark difference. And this is actually in contrast to what bidens surrogates are saying, especially on china. Theyre saying that the tougher approach weve seen to china in the last four years, which has bipartisan support its one of the only things on capitol hill would continue. But, in fact, that would probably be the biggest difference, the a approach to china. After all, joe biden didnt just vote to let china into the World Trade Organization which sort of set up this whole here theory ta china engaged with the world would become palm, he was a leading to point of that cause and a leading proponent of globalism. So if you look at what trump has done to china, the section 301 tariffs on over half of what we do import from them, biden opposed those. Getting tough with the World Trade Organization, which a lot of people had thought was biased against the thed u. S. , the Trump Administration disabled the mechanism at the wto by prohibiting appointments to the seniormost dispute resolution mechanism. Joe biden says were going to work with allies, so you can expect actually what he means with allies like germany and france and brussels and that there would be a decrease in pressure on, on reforms of the wto. And finally, if you look at what bidens priorities are, and this meshes with your last segment, its climate change. He would prioritize a climate are change deal with xi jinping, chinas leader. So how do you get that . You have to give them something. You ease off on tariffs. Xi will, of course, happily give you an agreement. He wont comply with it, but hell give it to you. Stuart id love to see joe biden negotiate with shi xi jin. Im being sarcastic, and i should not do that. North korea showing off, im going to describe it, a monster intercontinental ballistic missile. This is at a military parade in pyongyang. Now, you work for the special envoy to north korea. Should we be concerned about this monster . What can we tell from that video . I wouldnt be any more concerned than we have been for the last several years. It looks like they have a portable icbm. We have several hundred on submarines in addition to groundbased ones, so we do have them deterred. Its been known for a long time, ever since north korean successfully tested a multistage intercontinental missile, that that theyve been able to reach the United States probably with a Nuclear Weapon. The only thing thats unknown is whether they have perfected the reentry of the vehicle and that a warhead could return from space to earth and debt naught. Thats actually not detonate. Frankly, all of the technology in making the bombs is tougher. So, yes, north korea could hit us with a Nuclear Weapon unless our Missile Systems could knock it out of the sky, and that would depend on many things. We havent deterred them, its a weird country, and Donald Trumps approach has worked, i think, better than the two or three predecessors in the white house. Stuart you were talking about multiple independent reentry vehicles. In other words, you can launch one huge missile, and it branches out and delivers six or seven Nuclear Bombs to six or seven different targets. If theyve got that, and you say that is a relatively simple thing to accomplish, i think we should be worried about that. Last ten seconds to you. We should be worried and, actually, the question isnt whether they have multiple ones or even just one, obviously, one would kill us, so, yeah, weve got to be very concerned. But understand that north korea is deterred, and the situation hasnt changed that much this weekend. Stuart got it. All right, christian, thanks for joining us. Thank you, sir. Stuart all right. Individual stocks, gotta look at these. First up, facebook. They will now ban any content that denies or distorts facts about the holocaust. Facebooks up 7, thats 3 . Twitter, they say they will flag any tweet from President Trump or joe biden if either candidate claims early victory on election day. Huge gain for twitter, theyre up nearly 5 . Then theres tiktoks rival, its called triller. Spacs, thats a term we can use now, right . Were going to go for it. It will get a quarter billion dollars via blank check vehicles and has raised so far only about 100 million, this would be more than twice theyve raised, theyve been around longer than tiktok. Founded in 2015, but only has 55 million monthly active users compare that to the 100 million tiktok already has, and its only been around for two years. Tiktok still has that hearing to stay in the u. S. On the google and the apple app stores, and thatll take place the day after the election, and hopefully well hear some conclusion when it comes to that oraclewalmart deal. Stuart you see whats going on now . I have. Stuart apples up 5. I dont know the percentage. [laughter] googles way up. Close to 4. 5 . Stuart microsoft withdraw up. I mean, thats twitter got one as well, dont forget twitter, you know, given what theyre doing with the election, its very interesting that theyre getting a pop and increased optimism. Stuart its one of the biggest pops in big tech in a long, long time. Really . Stuart on a daily basis yeah. Stuart thats a big game. The house might be voting on a stimulus will, but stocks are still going up. What does that say, that we dont need stimulus . Stuart the market not worried about a stimulus, i guess. Were up 275 on the dow. This is a rally and a half, sports fans. Right, election, 22 days away, three weeks from tomorrow. This weeks debate has been canceled. What about next week . Will the president and joe biden face off again . Well get into it. President trump says house Speaker Pelosi is standing in the way of a stimulus deal. Former congressman sean duffy worked with ms. Pelosi in the past. I want to know is there any way she would strike a compromise . Why should she . Thats next. This is decision tech. Find a stock based on your interests or whats trending. Get realtime insights in your customized view of the market. Its smarter Trading Technology for smarter trading decisions. Fidelity. What do you, me, shakespeare and Alanis Morisette all have in common . Were all on audible . Thats right. Bonus question what else do we have in common . None of us are common. Malcolms on fire. Audiobooks, podcasts, audible originals, all in one place. Well, republicans want to do it. Were having a hard time with nancy pelosi. She thinks she can influence the election, and i think theyre hurting themselves by not doing it. But the republicans want to do it. We want to do stimulus. Stuart President Trump there, blames the democrats for not passing a stimulus bill. Speaker pelosi says the president s proposal is grossly inadequate. Sean duffy is back with us. Remember him . Hes a good man. Hes a Fox News Contributor these days. Hes a very good man. All right, sean, you were in congress. Why should the speaker compromise . Shes already gotten mr. Trump to go from, what, 1. 2 to 1. 8 trillion. Why should she come down from her 2. 2 trillion . Whats in it for her . Shes not going to, stuart. And the bottom line is if you pass a stimulus bill, it helps the American People, american industries, the american family, and if you do that, you help donald trump get relegislated. She doesnt want that reelected. Shes not about giving the stimulus bill, so shes put in a whole bunch of poison pills. Shes going to fund planned parenthood, defund police, allow Illegal Immigrants to get stimulus checks, shes going to repeal s. A. L. T. , the state and lek tax issue local tax issue. Amy Coney Barrett is going through confirmation, the senate doesnt have have time to pass a bill right now unless they derail Amy Coney Barrett. So stimulus is off the table, i think, until after the election. Stuart its strange though i agree with you, stimulus appears to be off the table. Theres not long left. But the stock market is going straight up. I know youre not a financial analyst, but can you explain that . We always thought that the markets going up because we might get another couple trillion worth of stimulus, but were probably not going to get it, but the markets still going up. Right. So, stuart, youd know better than me, but maybe the market sees we dont need stimulus, maybe we see the market tending to itself, and theres enough economic activity, and the congress be darned. The American Economy is going to do it without the congress. Stuart what may be the best stimulus is opening up the economy as President Trump wants and which the democrats dont want to do. That could be the answer as well. Or in the forefront we have a treatment. Maybe not a cure, but a treatment for covid which takes the fear away from the American People and lets the economy open and people get back to work. Stuart i think thats a good point. One more for you. 67 of people support some form widespread student loan forgiveness, and the president has now included loan forgiveness in his stimulus proposal. You know, sean, aye got to ive got to tell you, i used to call that vote buying. What do you say . [laughter] i dont like it, stuart. Were 27 trillion in debt. How are we going to pay this stuff back . Instead of saying lets pay for college education, lets look at the cost of college. We should make sure colleges deliver for effective education at better prices. And i by the way, what about the people who didnt go to college . They got a tech degree as a mechanic or a welder or a builder, why are they going to pay to bail out these kids who are going to have greater earnings potential . This doesnt make any sense, but youre right, the American People republicans and democrats are in favor of bailing out kids with student loans. Its very popular i dont like it. The president seems to be on the page of nancy pelosi and Bernie Sanders. Stuart ouch. Look, its great to see you back, sean. In 30 seconds, i want your health. I want you to explain to my colleague, young susan li, who is sitting right next to me, what are carharts, sean . Carharts. That accent confused me. [laughter] this is the working mans clothing. The chainsaw, you put on your carharts, if you slip, its going to stop that blade. Stuart oh, well done. I challenge you to actually show us a picture of him in carharts, and you know what he said . Ill never live that down, and to that i said, well, how long will that be . [laughter] stuart oh, man yes. I know. My moms not going to forgive me for that one. You would look good in carharts. Lets see that picture. Stuart youre not going to see that. Ive never lived down driving a tractor with a pair of sandals on. Youre gone, sean, youre gone. But thanks for joining us. [laughter] see you again soon. The market, were still going up some more. The nasdaqs up 2. 2 , 254 points. Dow is up 280. S p up 50. Look at apple. Theyve got a big with week coming. New iphone unveiled tomorrow, and theres a lot of hype. Look at the stock price, were up, wow, 5 now, up in the session. This is the most important iphone event in years according to Morgan Stanley. The first major redesign since 2018 for the iphone and, yes, it starts the 5g super cycle, so most analysts are expecting four new phones, three sizes. One pro max, the biggest screen ever for an iphone, at 6. 7 inches. You also get flatter edges for the design as well, kind of like a smaller ipad if you want to think about it. And Morgan Stanley predicts apple will sell 220 million of these new iphones just in the first year, and thats up almost by a quarter from the iphone 31. Thats pretty close 11. Thats pretty close to Record Numbers back in 2018 when they introduced the iphone 10 that has the face recognition screen. Also an upgrade today from rbc, Morgan Stanley predicts 130, i am so excited. Stuart the stocks up nearly 6. Stand up and cheer, everyone, because that is the most widelyheld stock on the planet. Close to 2 trillion in market cap. Stuart thats amazing. Nearly 6 up on a day. Good lord. Thank you, susan. Youre welcome. Stuart look at this, lebron james, his rookie card expected to be sold for a quarter million bucks. What makes it so special . We have an expert who will tell you. Believe me, we do. Well be back. When i was in high school, this was the theater i came to quite often. The support weve had over the last few months has been amazing. I have a soft spot for local places. Its not just a work environment. Everyone here is family. Gonna go ahead and support him, get my hair cut, leave a big tip. If we focus on our local communities, we can find a way to get through this together. Thank you. If you are ready to open your heart and your home, check us out. Get out and about and support our local community. We thought for sure that we were done. And this town said not today. Stuart 22 days til the election, three weeks from tomorrow. The polls show the president trailing biden nationally, but hes back on the campaign trail, and we are joined now by Mercedes Schlapp, trump 2020 senior adviser. Okay, mercedes,s i want to know about the debate. Theres supposed to be one this thursday, october the 15th. Its been canceled, not gonna happen. Are we going to see that replaced or rescheduled at some point . Whats the president s view on this . Well, the goal is that the president s ready to debate joe biden anytime, anywhere. And what weve seen come out of this partisan commission on president ial debates is disgraceful. The mere fact that they made this decision to make it a virtual debate without talking to the campaign is simply unacceptable. And so we look forward toing having the president debate joe biden next week, october 22nd, in tennessee. The president this week, obviously, will be doing a town hall. Hes hosting multiple rallies, hes back on the campaign trail, and we know that were ready to take the message of the Great American comeback, defeating the virus to the American People so that they know that this president s ready to lead for four more years. Stuart do you know what the democrats and his opponents are saying . That this is his last chance to catch up, because youve got this Washington Post poll that shows him 12 points behind joe biden. Last chance to catch up. What does Mercedes Schlapp say about that . Look, i gotta tell you, were not going to hone in on these national polls. We know that theres a lot of the failed methodology all over the place. We do know our internal data shows the president very competitive in the targeted states, the fact that were either tied or up ahead. So were going to continue to make sure the American People know that this race is not over in any way as much as the liberal media wants to push that messaging. The enthusiasm for this president is 3 to 1 when it comes to the president versus joe biden. Our ground game is unpress e dented. Ive been in republican politics for a long time, and were seeing the amount of investment and resources that is unbelievable. Were also seeing Voter Registration numbers have been very high. Weve seen this happen especially in the past couple months where weve reached our goal of what weve done, more Voter Registration in a short period of time than we ever did in 2016. So we feel confident that with our strong ground game, with our enthusiasm and with the fact that President Trump and our operation maga which includes the vps first family and our top surrogates traveling across the country, that were going to win come november 3 end. Stuart 3rd. I did a lot of driving around in Rural America this weekend. I saw sign after sign, trump pence. I didnt see a single biden harris yard sign, not one. And i was doing a lot of driving. This is my opinion i think americans want to get rid of the lockdown, i think theyre tired of lockdown, tired of restrictions, and they enjoy seeing our president get out there and address people directly and take on the campaign. I think theyre behind him on this. They may not have been behind him in the past, but this time i think they are. Last minute to go to you. Yeah. Im going to tell you a quick story. I was on a United Airlines flight. The pilot came out and addressed us personally, and he said thank you for flying. People are coming back to fly, and he he said because of you flying, for us its a paycheck for our families. Everyone applauded on that United Airlines flight. People dont want to be shut down indefinitely the way joe biden is proposing. He wants us to be fearful. The president wants us to defeat this virus, and hes doing just that with operation warp speed. Stuart we are americans. Come on. Were americans. Might be news to some of these people. Mercedes, im getting beyond myself here, but you calmed me down very nicely. [laughter] come and see us again soon, please. Thank you very much. Thank you so much. Stuart im going to show you some pretty strange the video. Im going to show everybody this thing. Look at that. Can you believe this . This is from the czech republic. This is a High School Prom. This is a couple dancing back to back wearing masks. Can you believe that . I really have to [laughter] ive got to go around the block and see what everybody thinks about this. Lauren, what do you makeover it . Yes. You know what . Im going to be optimistic. At least they get prom, a traditional rite of passage, it definitely is different, and, you know, i wouldnt want to be dancing like that, but stuart right. [laughter] its a cause to celebrate. Stuart what do you say, ash . Youre a great dance, by the way. Get back from the beatles, back in the ussr, i wont back down from tom petty, if i could turn back time, cher, baby got back, a classic baby got back. I could go on and on. [laughter] stuart lets get susan. Ice ice, baby. Theres some memories from high school you want to forget, and i would say this is probably one of them. I think. Stuart did you go to your High School Prom . Of course i did. I didnt dance like that. Thats traumatizing. Stuart you didnt have to. No. Stuart if it was High School Prom and you had to go, would you go . No, id skip it. Why . Stuart we have some diverse opinion there, now, did we not . Lets move on. All right, lebron james won his fourth nba championship last night, and his rookie card is it hitting the auction block. Well show it to you and other sports memorabilia, and you can steal them if you want to. Well be back. 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. Its time for aerotrainer, with your weight and health . A more effective total body fitness solution. announcer aerotrainers ergodynamic design and four patented air chambers create maximum muscle activation for better results in less time, all while maintaining safe, correct form and allows for over 20 exercises. 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Liberty. Liberty. Liberty. And thats it, its over. This historic 2020 nba championship belongs to the los angeles lakers. The lakers or conquered the bubble, and that and number 17 will soon hang in the rafters. Stuart im sorry, i couldnt take direction there on my isb, i dont know when to speak, so ill start speaking now. The lakers are the champions. Lebron james named the mvp for the fourth time this his career. In his career. Lets bring in ken golden from golden auctions. Now, you youve got a piece of lebron james history, his rookie card. Whilst im fixing my earpiece, you tell our viewers how much thats going to go for. Sure, this is limited to only 50, its in gem mint condition, 9. 5, one sold previously at 30,000, we expect it, certainly, to go at or above that price, and the bidding just opened today. We actually have over 100 lebron jamesrelated items in our current auction that just opened today. Stuart 250,000, all right. The mikkel mantle Mickey Mantle trading card, how much . Yes. That is the flag bear of trading cards, probably easily 400,000 plus. Stuart good lord. Have we got time to fit in the wagner card . Of course. Thomas wagner, a very famous card, we expect it to go for over 1. 2 million. Stuart okay, weve got more here. Youve got two pieces of cal ripken, jr. Memorabilia. Start with the jersey. The jersey, now, we have the entire collection at Goldin Auctions right now, the jersey up until a week ago, it was at the Baseball Hall of fame. It is the final jersey he wore during his recordsetting game, we think easily 250,000 plus on that. Stuart how about the bat . That is the bat he used when he broke lou gehrigs record literally 25 years ago in september, so thats the bat he used the night of 2131, we expect that bat to bring over 100,000. Stuart howd you get all these items in one auction house . You must spend your entire lives traveling around, talking to people who have got the memorabilia. I do. Weve got listen, publicity helps. Weve gotten a great reputation. Our business has skyrocketed the past two years, were getting record prices. So most of the stuff is by people contacting us and wanting to sell the collection. Calcal ripken in particular, i t down to baltimore and met him in person over the past two months, and he decided to consign his entire message proprobill ya collection with my company. Stuart all of the things you just showed us, theyre currently in ongoing objection. What is it, Goldin Auctions. Com . Tell me men. Get, Goldin Auctions. Com. Bidding began today. It closes halloween, saturday night, october 31st. Stuart youve done very well. Well done. Thank you, stuart. I work hard. Stuart you certainly do. Ken goldin, good man. Well see you again soon. Good luck with the auction. Now, some top analysts say you should buy draftkings. I i guess thats related. Tell me about it, ashley. Yeah, this is an interesting stock. Top analysts say theres all sorts of reasons to like draftkings. Its already up 377 this year after going public only in april of this year, but they say its well positioned to capture even more market share in an industry that is growing faster than expected. Oppenheimer put it as a compelling buying opportunity, raising its price target to 65 from 55. Saying that the company has a strong Balance Sheet as well, its market share is already good and will only get better. And you know whats interesting is they say this market, Online Gambling and legalized sports gambling which is growing in this country, that could generate 58 billion a year, and draftkings could get a nice chunk of that. Stuart my goodness. All right, ash, thanks very much. Sure. Stuart check that big board because youre looking at a rally and a half, ladies and gentlemen. Youre at 28,800, were up. 84 . Yes, it is a rally. Big tech in particular. More varney after this. What do you look for when you trade . I want free access to research. Yep, td ameritrades got that. Free access to every platform. Mhm, yeah, that too. I dont want any trade minimums. Yeah, i totally agree, they dont have any of those. I want to know what im paying upfront. Yes, absolutely. Do you just say yes to everything . Hm. Well i say no to kale. Mm. Yeah, they say if you blanch it its better, but that seems like a lot of work. Now offering zero commissions on online trades. We charge you less so you have more to invest. Stuart oh, have you seen amazons stock up 4 1 2 . Prime day starts tomorrow. Susan deals here. Traditional big sellers. Irobot, sharp vacuums. Also the amazon winter coat is a hot seller. Crest white strips. Dna testing kits like 23andme. Big drivers. Were announcing deals on a 30 discounts on the toshiba 32inch smart fire tvs. Levi jeans will be on sale. Bar barbies, hot wheels toys. Levi jeans. Stuart levi jeans. I may be in there. Ashley, lauren, susan one and all, thank you very much indeed. Susan it is yours. Neil were following up on the hearings continue to go on a for amy barrett. The dow is buoyed by the stimulus deal by the way might never come to pass. That doesnt seem to matter to these guys. Theyre optimistic just the same. Remember were starting earnings season with financials and other big players here but it is optimism about tech and a pentup consumer ready for a twoday prime day event on