The dow industrial average, remember that apple is a dow jones stock. This loss 220 points roughly at the opening bell, that wipes out yesterdays game. Smp on the downside and nasdaq down about 1 . The loss they are because of tech stocks. The virus is also a negative with severe restrictions on travel and businesses in france, italy, germany and spain. Their resurgence has a stalled not good for us. Youre at home a record i think 882,000 new cases reported yesterday and restrictions are spreading, thats not good for this market. Four days till the election and even joe biden is picking up the pace going to three states today come i will, wisconsin, but will he answer questions about hunter maidan repacking the Supreme Court or the influence the socialist have on his campaign . Politico quoting three sources saying Elizabeth Warren wants to be and is the front runner for treasury secretary. The president goes to three states as well, michigan, wisconsin and minnesota as he frames the election around opening the economy for growth versus the biden who the president will the president says biden will give us a depression. It will be quite a show, promise you that. Varney co. Is about to begin. Stuart thats from a band called the chain smokers . Susan yes. Stuart i never heard of them, but thats a rare piece of music to start the show. Susan happy friday. Stuart four days until election. President trump and joe biden held dueling rallies in florida trading jabs over the virus. Stark contrast in stone between the two of them. We will never lock down again. [cheers and applause] we locked down and understand the disease and now, we are open for business. We created the greatest economy in history and now, we are doing it again. Make America Great again again. Of the debate last week donald trump said we are rounding the corner, its going away, we are learning how to live with that. No, he expects us to learn how to die with it thats what i told him. Hes doing nothing. We are learning to dive and donald trump has waived the white flag. Stuart i think youll agree theres a stark difference in tone. Today the president and Joe Biden Cross paths again in wisconsin and minnesota. President trump will also go to michigan. Joe biden will also go to iowa. Its been a monster turnout for the voting. 79 million votes already cast. They have already made their choice for the presidency with four days to go. Lets get back to the serious update today, not that there is anything unserious about the election. Susan, start with appleseed to let start with the worlds biggest company, Strong Quarter for apple sales. Iphones came in a little bit lighter than anticipated. No new iphones in this quarter. Spoke to tim cook and he said he takes the quarter and splits it up before midseptember and after the customer and demand growing at double digit so thats an enormous momentum are beyond what we wouldve estimated. As for the new 5g super cycle and iphone 12, cook said we are off to a great start and i couldnt be happier with how they are going. We only have five days of data because they were only five days from the official launch of the iphone 12 pro. I think its setting up for a huge fourthquarter because you have all this pent up iphone demand only a shifted calendar for the iphone release release. Some say it may be a huge holiday quarter, 100 and 18 billion in cash still on the balance sheet. Stuart stock is down. Do you think its just profittaking . Susan i think its profittaking. One of the best performers of the year. Apple one, their Services Bundle launching today. Stuart give me amazon. Susan record profit sales with more people shopping online. Costs will go up to my 4 billion next quarter and they are calling unpredictable holiday sales because the wide range they gave us property prophet and that concerns investors. 1 billion to back to four and a half billion they cant predict whats going to happen in the next three months amazon, higher to 250,000 in the quarter in the three months they hired a quarter of a million people. Stuart that was a stellar report and they are down 53, 1. 6 . Is that just profittaking . Susan i think it is. You buy on the rumors and a cell on the news. Stuart another one going down, facebook reported yesterday with the stock down this morning im a not much. Susan moderate growth in sales and profit, still a strong report card. Losing users in the us and canada. They are actually predicting more user loss possibly in the final three months of this year, not good news for a social media company. Globally more than 3 billion monthly active users, thats a quarter of the world and the advertiser boycott had no effect on a sales as zuckerberg it predicted. Stuart almost half the population of the world, Something Like that. Lets go to a winner which is google, alphabet, big winner. Susan a come back after first sales drop in the country companys history last quarter and they crushed estimates. Cloud was a bright spot, youtube 5 billion in sales in three months. I spoke to the google cfo on the doj antitrust case and she said our view is that its deeply flawed. People use google because they choose to, not because they are forced to and do so as she said our legal team is focused on that in the companys focus on delivering for users and businesses. Probably no effect on the stock price. Stock price celebrated after doj announced their case. The news in reality is not as bad as they feared, how about that . Stuart 7 is a whopping gain. Susan yes. Stuart 7 just like that. Susan, thank you. Lets turn to the virus with disturbing news. 80000 cases reported across the country yesterday hitting a new daily record. Whats the latest on this, lauren . Lauren three records this week, stuart. Half the country is reporting a Record Number of covid cases pushing the weekly total to over half a million infections. What is different between now and spring . First off, the infections are geographically widespread, so the worst hit states are wisconsin and north dakota. Hospitalizations are rising, but the fatality rate has improved and thats promising. Speaking of hospitalizations, el paso, texas, completely overwhelmed. A judge issued a second block down that will last two weeks. Hospitals in el paso are actually airlifting non Covid Patients to other cities setting up Field Hospital to handle the surge, so in total if you look at the number of cases here in the us nearly actually more than 9 million americans have contracted the virus took almost 229,000 have died and yes these numbers will get higher as the weather gets colder, stuart. Stuart surge in new cases is clearly a negative for the market. Thank you. Heres another story on apple, not sure if its part of the stock price decline, probably not. Shopping stores in france . Susan the 17 and 20 that they operate in france because of nationwide curfews. They will have expressed stores, the ones apples set up and they have to be cautious about real being. Europe looks strong for apple despite the closures. Tim cook telling me for the quarter record for the mac alltime and record for services in a September Quarter for wearables across geography. Record quarter for america, europe and the rest of asia and india. Stuart a lot to pack in there. Apple is down 4 , huge decline for company about size. Look whos here, jonathan only joins us. Jonathan, your hedge fund, i dont think you deal much with the big tech companies, but i always thought a big tech as a safe haven. Doesnt look like its a safe haven at this point , so would is a safe haven . Havens are changing, stuart and i think you and susan identified it. By with rumor and sell with fact. Record quarter from apple, yet the stock is down and a lot of the tech stocks are down. Its an environment looking for safe haven and we have a lot of falling knives in the market. Yesterday 125 new 50 week highs. You cant underestimate the importance of it tech stocks. Apples 3 of the dow jones and amazon will be down after good numbers about 4 of the s p 500, so as we have joked in the past as goes apple so goes the market so goes the economy and its difficult to invest right now given the prominence and a dominance of technology in our lives and the market. Stuart can you give me one safe haven, the kind of investment all of our viewers could make . Sure, i mean, one area on looking at it it always comes down to your own time horizon took the fact is a lot of the Technology Stocks in the late 90s didnt go out of business, but they were dead money for 10 years so im looking at areas that do well in the period of 2000, 2010 like commodities or emerging markets or even some emerging market bond areas. Will cop the radar screen to make money in this environment. Stuart jonathan, thank you for joining us. See you later. Back to futures as we are about to open the market in about 18 minutes. We will be down almost across the board with a lot of and not a huge loss, but we are down. The buying campaign refusing to discuss damning claims made by Hunter Bidens former business partner, tony bobulinski. Watch this. We are not going to waste time on this smear campaign. We have five days to keep our eyes on the prize and that is to vote joe biden as the next president of the United States. Stuart that was a biden circuit who would not even address the question and there was no push back at all. However, more questions could come up now that the fbi reportedly investigating hunter biden over alleged moneylaundering. We have the story. Wall street is pouring money into bidens campaign despite the possibility of Elizabeth Warren s treasury secretary. 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Humana a more human way to healthcare. Stuart more indicators of that economy. Lauren, do we have Consumer Spending . Lauren this is a strong number so in september, it was up 1. 4 and that thinking is the growth should be sustained in the near future because the savings rate is so high topping 14 . We also got the income numbers for last month, up. 9 . That was stronger than expected and we have wage increases in transportation with all of the shipping, ordering online, so thats a bright spot in the economy. Bottom line, a better baseline for the ford or fourthquarter. Stuart and a 14 savings rate. I cant remember that before, 14 is huge. Thank you. Lauren 14. 3. Stuart lets not forget the. 3. Now this, we are told that the top issues in the election are the virus and the economy. The candidates are completely different on both. The president says we are never going to lock down again. He rarely wears a mask and most of the thousands who attend his rally skill without a mask. The president says repeatedly we have turned the corner. Thats what he has to say about the virus. Joe biden talks about a dark winter coming. He does not address mask mass rallies, attendees keep distance and all of them wear masks and joe often talks about lockdowns. Different on the virus, completely different and very different on the other top issue, the economy. Trump wants to open up and he says that gives us growth and a return to prosperity took to keep us safe, biden goes the other way with restrictions and to make things fair the tax hikes. Its a very clear choice thats my opinion. Nets next, lets look at the new york time taking aim at the presence of the virus response trump is betting his defiance including his own covid19 and hospitalization will resonate with americans fed up with pandemic restrictions. Come on in, kayleigh mcenany, advisor to the trump campaign. The times uses the word nonchalant to describe the president and the virus. What is your take on nonchalant . I dont think its nonchalant to have created the greatest testing system in the world, not nonchalant to create good working therapeutics. What they are getting at is exactly what you justice said, that they have opposite approaches which is open safely, we arent shutting down the country, we arent shutting the economy down versus joe biden which is locking himself in the basement until a few days ago and closing your churches, closing your schools and workplaces. That will not happen again on President Trumps watch, but it will happen in joe bidens america. Stuart wall street is pouring money into bidens campaign, i mean, i believe hes getting four times more money from wall street than is the president. I dont understand this. Can you explain . Its a little bit befuddling because its President Trump who lowered taxes on all americans including those in the lower and middle class, but when you look at what Bernie Sanders is said that joe biden is the party of the coastal elite that they have become the party of the coastal elite and you see who joe biden is attracting, that elitist never traverse. Its the democrat elites who joe biden is attracting and when you look at President Trump he has the working class , black americans, hispanic americans are flocking to him. He is the party of the every day of american. Thats Donald Trumps republican party. Stuart the president doesnt seem to want acknowledge the virus i know he does in his speeches but he seems to want to move the beyond it and get back to normal just plowing ahead and thats complete difference from joe biden. We are in a different place. What the president has says hes right we are in a different place today than when the virus came in from china today 85 reduction in fatality stuart, its befuddling that when you look at er visits 2. 8 of visits to the hospital are covid related. 6 of hospital that beds are Covid Patients. Now, we are in a different chapter where we are reopening the economy, getting people back to work, resuming our everyday lives and thats what the American People want. Stuart i was watching the rally in tampa, and i saw your husband and your daughter make a quick appearance at the rally. I couldnt help but notice the shirt i think a tshirt your husband was wearing that said fax 51 to explain that one. That tshirt, that image looks layer to me. Its obama esque, if you will, if you remember the obama poster. This one is redone and i texted my husband about this today and he sent me a picture of a coffee mug with the same image so i have a very supportive husband and i love him a lot. Stuart i dont know how you do it. Kayleigh, great to have you on the show. Terrific family. Thank you. Thank you, stuart. Stuart checking the futures market again please because we will be down, 200 for the dow, 115 for the nasdaq. We will take you to wall street in a moment derriere discomfort. We try to soothe it with this. Cool it with this. And relieve it with this. But new preparation h soothing relief is the 21st century way to do all three. Everyday. Preparation h. Get comfortable with it. Stuart i regret to say futures are solidly in the red, a couple minutes before we open by Charles Payne joins us now. Charles, the big story is the downside move in some of those big tech. Are you buying the big tech could dip . I am salivating, not necessarily buying today , but i dont see a reason for any investor to sell them today so the fact they will lower , i think is moving them into a good position to be bought. I would be focused on amazon if i didnt already own it. I have had it for a long time. Apple and google is intriguing because even though most people think it will be the first if any is broken up, i have to tell you that youtube growth we saw was amazing. My granddaughter, my oldest is eight years old and she just everything off of youtube. My son who is 23 gets everything off of youtube and all the other things they have going for them, so digital ad revenue up. I think they are all buys that you dont have to buy today particularly going into the weekend and ahead of the election. Stuart what do you buy as a safe haven if you are unsure with where things are going with the election and the rest of it, give me a safe haven. The best safe haven for me as cash. I love cash in times of uncertainty because i can deploy it to take advantage of opportunities, other traditional safe havens, obviously bonds with a major influx into bonds. Im clad you brought up the question because when the you know what hits the fan, we have already seen almost everything goes down. Look at gold the last couple of days. The market was getting hit, silver you know so i love having just a little bit more cash on hand to make decisions opportunistic decisions. I always have my head on a swivel looking for opportunities. Stuart would you ever dip your tell into bitcoin . Golly, im getting there, stuart. This is the closest ive ever been. Even a technical point of view i believe at some point it will retest of the alltime high, not that i believe in it per se although i love the idea of cryptocurrency unless government intervention. I just love all the aspects of it. Im getting close, so the answer is yes i would and im getting closer every day. Stuart glad to hear it. Im intrigued. Charles, we will watch with 2 00 p. M. Charles payne, everyone. Thanks. Stuart we are opening the market in 15 seconds. Thats the story this friday morning in the story is big tech, the banner on the screen there, disappointment for big tech and we expect that stocks to be down. We will see if there are any bargain hunters. We are off and running. Friday morning. October 30, halloween tomorrow, and we are down, not that much but we are down from the opening bell. I can see at least 25 of the dow 30 in the red. Show me the s p 500. Thats down about the same amount percentagewise as the dow jones, but half a percentage point down and the nasdaq i expect to be lower, down a bit lower,. 7 . Back to big tech, the story of the day. All of them are down except for google, which is higher. Im going to take these in order because susan has a some price target gains. Read it analysts are saying they are going up. Susan from july till september incredible and may be a case of just the news. Apple is down on record sales this quarter with iphone sales, a bit light. As you can see on the screen 140 from Raymond James and amazon record profit, record of sales. Hyper calling 3900 plus with lots of noise on facebook. Losing users in the us and canada, no impact on advertiser boycotts and five increases 322 mike 350 and google surprise back from for sales drop in the companys history last quarter cloudy, youtube, ad sales at least six price hikes between 1725 and 2000. It may look bad now but if you looked at the futures last night, down 600 points of the fact we open down 180, 100 or so i think is encouraging. Stuart all these analysts giving higher price targets, you may expect some of buying this morning, buying the dip your tell me about twitter. Susan after taking most of the heat in the Senate Commerce hearing wednesday jack dorseys company not impressing with the latest report card, short with user growth despite the fact that higher sales, higher profit , just about a million new daily users on twitter last so 187 million views twitter each and every day, but wall street was looking for something closer to 195 million, still six analysts price hikes this morning with the highest 64 and stock rallying up 63 and that is outperforming. In this environment when your price to perfection as the tech stocks are even if you have strong report cards as i mentioned 38 billion in profits come at you have people selling. Stuart lets see if there is any dip buying. How about netflix . I think they Just Announced a price hike. What we know about that, lauren. Lauren another one so the standard plan is the most popular goes up a dollar with increasing 2 to 18, but they are keeping the entry level plan at nine. They need to do that because they need to compete with so many cheaper competitors. Netflix totally acknowledged that shows are expensive to produce an content is pricing we have to pass that along to the consumer. No one will be grandfathered in so this will affect every subscriber ended new subscriber. First price hike since january, 2019. Stuart and the stock is up 500 a share. By the way, the dow is coming back nicely, only down 27 points as we speak. Now, we have news on starbucks, lower just a tiny fraction, but they had a solid report. Susan foot traffic was down 9 and maybe thats what people were reacting to, but still a strong report card. Customers are spending more for the cold brews. The rebound in the two biggest markets which is the us and china also helping because they are coming back faster than anticipated, so as a result starbucks projecting stronger growth next year then what wall street penciled in. Starbucks opening more stores, 480 new cafes in the quarter and hoping to open another 1100 new stores next year, which i think is bullish. They have chosen to keep dividends during the height of the covid lockdown while other companies are cutting it to reserve cash and they continue to pay out and i know you like dividend stocks. Stuart i have to believe starbucks will react to that rosy outlook they happen all the new openings, only down a tiny fraction anyway. We have under armour, cant get it out, under armour soaring up 8 . Why, lauren . Lauren because customers are stocking up on sneakers and workout gear in that helps them with the stronger than expected report card for the last quarter. What i find unbelievable here is that there got its for full year is pretty soft and surprisingly investors are not punishing them for that. Thats not the trend we have seen this earnings season, but they are getting a pass. Executives at under armour say they expect material impacts on Business Results for the remainder of the year and into next year. Thats not very bullish. That includes the arrival of new products, which because of supply chain issues have been pushed back so what they expected this Holiday Season wont get until the beginning of 2021, but investors say we like the stock and its up 8 . Stuart i think you did cover the Oil Companies report, exxon, chevron, whats the news . Lauren both stocks are down. Chevron and loss, 207 million with revenue falling 32 . Both disappointing numbers. Ceo is blaming low oil prices and also the decline in demand for products that are linked to Economic Activity, so hes talking about not taking the train as much as you used to to work. Exxon, a historic third consecutive quarterly loss for the company with revenue falling 29 to 46. 2 billion. The numbers are better than expected because they are cutting costs for this year and next year and one big way to do that is what they are doing, layoffs. They announced 15 Global Workforce reduction including 1900 jobs in the us. They are mostly management jobs in houston, so thats a sign to me that layoffs are moving into the whitecollar range and at the downturn in the oil market has affected everyone is probably more structural and cyclical because you have the pandemic cutting demands, but also a push to Renewable Energy in the foreseeable future and that the oil giant, what will they do so they are cutting costs everywhere they can end of the stocks are getting killed as a result. Stuart that is a good word to use. I remember exxon before the virus was in the 70 to 80 a share rage now its 32, talk about getting killed. We have news on delta. They reached a deal with their pilots unit took susan, does that mean no more layoffs . Susan until 2022. Delta planet to furlough or the 1900 pilots to cut down on costs, said the deal with the pilots union will reduce monthly hours by at least 5 , 18000 and delta employees took a buyout while thousands took unpaid leave. Delta is in a relatively better position than american are united as both airlines there are furloughing 30000 at the start of the month. United reach a deal with its pilots to avoid pilot furloughs until june of next year, but airlines are bleeding money. 11 billion in total loss for the airlines and they say they need more help from the government to survive. Stuart and they have not got it yet. Susan no, not yet. Stuart it will be a long time before normal. About a thousand big examples of the left clamorings Trump Supporters, this one from cnn donlon and released it out. Watch this. There are a lot of friends that i had to get rid of because they are so nonsensical when it comes to this issue. I think they have to hit rock bottom like an addict. Stuart did you hear that . Hes comparing Trump Supporters to drug addicts. You will hear more about that in my tech at the top of the next hour. Michael moore predicted donald trump could win he predicted trump would win in 2016 and now hes a sounding the alarm again. Hes on a desperate plea to his fellow democrats. And you will hear it, next. Its a thirteenhour flight, thats not a weekend trip. Fifteen minutes until we board. Oh yeah, we gotta take off. You downloaded the Td Ameritrade mobile app so you can quickly check the markets . Yeah, actually im taking one last look at my dashboard before we board. Excellent. And you have thinkorswim mobile so i can finish analyzing the risk on this position. You two are all set. Have a great flight. Thanks. Well see ya. Ah, theyre getting so smart. Choose the app that fits your investing style. 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. Some things are good to know. Like where to find the cheapest gas in town and which supermarket gives you the most bang for your buck. Something else thats good to know . If you have medicare and medicaid, you may be able to get more Healthcare Benefits through a humana Medicare Advantage plan. Call the number on your screen now and speak to a licensed humana sales agent to see if you qualify. Learn about plans that could give you more Healthcare Benefits than you have today. 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The reason is walmart is worried about civil unrest in parts of the country flaring up and if the stores are looted and broken into, those riders can steal the guns and ammunition and thats a something no business particularly walmart wants to deal with. Stuart so its not all walmart stores, just some in some locations; correct . Lauren correct. Stuart lets deal with facebooks zuckerberg, he says there is a risk of civil unrest around election. What you doing . Susan banning political ads after Election Night indefinitely and they are trying to provide the most accurate info with the election in real time by banning ads that they sase to delegitimize results. There has been reports facebook employee more drastic measures like slowing the spread of any specific post and changing what users seen their news feed. They have only employed these tactics in short sri lanka. If they deployed it here in the us that would be concerning. Theres a concern echoed in the investing community that we will get a contested election and it will be drawn out and all this uncertainty and possibly violence surrounding it, i mean, doesnt seem like the american way. Stuart absolutely doesnt but its a most unusual election. Filmmaker Michael Moore says he doesnt believe a President Trump is behind in the polls. Watch of this. Dot trump vote is always undercounted. Whatever they are saying that abide in lead is, cut in half in your head , cut in half and now all you are within the fourpoint margin of error. Stuart mc mulvaney is with us the former white house chief of staff. You also say that the polls are just not right can you prove it . Whats your point of view . Good morning and thank you for having me here crime never thought i would say this at the opening of an interview on the show, but i think Michael Moore is right, words that have never come out of my mouth before. I still believe that you do believe politicians do more than they say and what is joe biden doing and theres a pullout that says texas is tied under a Rating Agency says texas is a tossup theres no chance that his troops. If it were true or had a chance to be proved true joe biden would be in texas and its not happening. Where do you see the candidates . In florida which biden is supposedly winning. Biden went to michigan over the weekend which according to some people he want long ago and hes sending barack obama to pennsylvania which according with to the polls is in the biden cant. I think the polls are wrong. The race will continue to be close. The last week to 10 days has it trended towards the president and hes probably peaking at the right time. Stuart senator, Elizabeth Warren is reportedly making a case to be joe bidens treasury secretary and if he wins she would be in a cabinet, so why is wall street giving money to the biden candidacy if he might choose Elizabeth Warren s treasury secretary . I struggle with that myself because i have seen some of the same thing with large investment banks saying there would not be that much difference with biden then with a Trump Administration and its flat out wrong. I think you see the bias from new York Money Center democrats that were sort of centerleft and they think that is where the rest of the Democrat Party is and its not. The center of gravity in the Democrat Partys far left of where joe biden has historically been hurt its closer to Elizabeth Warren and thats the word wing of the party that will dominate if biden wins so i think its extraordinarily shortsighted to say well we are different in different. Thats wrong because in looking at it through their own perspective and not the perspective of the Democrat Party. Stuart what did you make of Senate Leader Mitch Mcconnell saying the democrats have a 50 50 chance of taking the senate . Do you agree with that . I think the president is better position than the senate is because there are several senators tracking behind the president in North Carolina, for example South Carolina for example the Republican Center is tracking behind the president so if the president wins by two or three points in North Carolina tom tillis needs to do as well as the president and right now thats not happening. Lindsey graham, about eight points behind in South Carolina so i think if those states distance themselves from the present they run risk. It will be interesting to watch on Election Night. Two races you should watch, one in michigan and what a minnesota with two examples of Senate Candidates that look like they are pulling ahead of the president. Stuart im worried about a clean sweep with biden in the white house and democrats winning the senate, keep the house and i think the market goes down, but thats just my opinion. As always thank you for being with us. Good to see you, stuart. Stuart its friday. , said think that its friday. That means friday feedback. We have been looking through your emails and videos. Tune in at 11 00 a. M. And we might run yours. Unlikely duo, President Trump with low wayne, the famous rapper supporting the president or actually discussing with him issues affecting black americans and apparently supporting him. The left as you imagine is not happy. More on that coming up for you this year, walmart is turning black friday into deals for days. Starting wednesday november 4th score deals like an 88 42 inch onn roku tv and get them at our new deals pickup. Lets end the year saving bigger. And get them at noand if youre troubledan a liby falls and bleeds,ners. Worry follows you everywhere. 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Its already regarded as one of the best if not the best streaming service, so does it make netflix for ua by at 491 per share . No, it doesnt make it a buy for me because i think there are better streaming stocks to buy. Netflix is a great company, but i think disney for example streaming is under price compared to the rest of the company as compared to netflix. As far as netflix, they are having a tremendous year with about 30 million subscribers added, most was frontloaded due to the pandemics that you had a small about this past quarter, 2. 2 million or price increase mainly affects your upper tier, so you get hd to stream you need to pay 14 and four stream 14. They left the bottom base of loan at about 9. This is a good way for them to raise revenue they have raise revenue about five times since 2014. They do it about every 18 months and it will increase about 500 million to about a billion dollars of the bottom line. Stuart and you are still not buying it . I love netflix and i think its a great company. Their Predictive Software is whats so great. When you watch a movie or another movie then they give you suggestions to get you hooked. The software is the best. I just think there are better buys in the streaming market. Stuart you think disney is a better buying the streaming market . Yes, absolutely. Disney is about 220 million, same as netflix and i think disneys streaming service as a look alone could be valued as much as netflix and that means you get your theme parks, which right now is underwater but you get your sports and Cable Network networks for free. Disneys about a greater value. The third of what netflix has with subscribers and then delorean has been a huge success. Stuart you are analyzing as a financial analyst and im looking at it as a viewer and content and in my opinion netflix is the best streaming service for content. Tell me who you think is the best. Netflix is that the best but i dont think the value of the stock price is the best. People will not choose netflix or it disney, they will probably do both. Hard to increase the revenue. Stuart got it. Short, sharp and to the point. We like that. Thank you. We will see you again soon. Big showing coming up. Tammy bruce, karl rove, steve hilton all in the next couple of hours. That our new house is haunted y casper the friendly ghost . Hey jill hey kurt movies . Ill get snacks no, i cant believe how easy it was to save hundreds of dollars on our Car Insurance with geico. I got snacks ohhh, i got popcorn, i got caramel corn, i got kettle corn. Am i chewing too loud . Believe it geico could save you fifteen percent or more on Car Insurance. Now every bath fitter bathbath fis installed quickly, safely, and beautifully, with a lifetime warranty. Go from old to new. From worn to wow. The beautiful bath youve always wanted, done right, installed by one expert technician, all in one day. Weve been creating moments like these for 35 years, and were here to help you get started. Book your free virtual or inhome Design Consultation today. Oh, kc and the sunshine band. Youve heard this song before. Stuart i cant remember it. Kiddie pop. Sorry about that, kc and the sunshine band, but well move on. The markets this friday, as we close out the weekend by the way, close out the month as well what was that hand gesture there, susan . Trying to listen in. Go ahead. [laughter] stuart i will. Big tegs not doing techs not doing very well. Im going to show them to you, theyre all down except for google which has a very nice gain of over 5 , but apple, amazon, facebook, or twitter, on the downside bigtime. Four days to the election are, President Trump visits iowa, michigan, wisconsin and minnesota today. Joe biden also in minnesota today as well as a couple of other stops as well. All right. Pete hegseth is going to join me shortly. Hes been talking to locals in minnesota, and he will tell us what they are saying. Tammy bruce coming up and jon taffer. Now tapper, he spoke oneonone with the president about the restaurant and bar industry. Hes going to tell us all about that just a little later this hour. Breaking right now, the latest read on consumer sentiment. Susan. Positive. The october final number shows that americans continue to be optimistic. 81. 2, the read, and 81. 8 is the read, so thats higher than what economists had forecasted. Still, coming off a six month high and extending that even further, so thats pretty good for the u. S. Economy. Stuart none of it seems to have an effect on the market, were still way down on big tech and the volatility before the election. Yeah, thats right. Stuart down 144 on the dow. And now this. Sometimes the sheer nastiness of the trump haters takes you by surprise. You could pick any one of a thousand examples, but this one stood out. Heres cnns don lemon. I had to get rid of a lot of people in my life because sometimes you just have to let them go. They have to hit rock bottom like an addict, right . The they have to want to get help, they have to want to live in reality, they have to want to be responsible not only for other peoples lives, but for their lives. Stuart did you get that . Trump supporters, youre like a drug addict. And the don lemons of this world will cast you out of their circle because youre not fit for polite society. Lets be clear, the left started this four years ago. Hillary ranted about racist, sexist, zien fobbic deplorables, remember that . And then she lost, and the left doubled down on the, on hating the president who beat her. As don lemon shows, the hatred spilled over to our private lives. Friends, family, partnerships, marriages were split. You see, the left looks down on you. Thats what they do, they look down on you. They think they are smarter than you. They are the elites. Theyre used to organizing your life, telling you how to live your life, how to think. They have never gotten over their loss of their power. Nobody likes to be put down. Nobody likes to be looked down on. Especially those people who feel theyve been left out. This president raised working class incomes rapidly and dropped the jobless rate for minorities to historic lows, and the elites spew their hatred on him . Its not going to change. If joe biden wins, the left will look for revenge. Theyre talking about a truth and Reconciliation Commission where Trump Supporters would be shamed and reeducated. And if trump wins, the fury of the left will know no bounds. It will be ugly. But we should remember the left started the hate. It is their overwhelming passion, and its not going to go away. Dont forget that. The second hour of Varney Company just getting started. Stuart all right, i closed it out by saying the hatred aint going anywhere, its going to be with us for a long time to come, and that man, pete hegseth, coanchor of fox friends weekend, is with me now. You with me on this . The hatreds not going to go away. Absolutely not. It never did go away. The elites were called out, they were wrong, they lost in 2016, and what did they do . They never stopped. They got worse. They got worse to the point where their desire for control of our lives because they con descend to average people is so sick and so deep that if they were to lose again, its not going to get better. We should learn that lesson as patriots. The elites are only going to get more detached from reality, only more aggressive toward people who love freedom. If im adducted to anything, its i addicted to anything, its to freedom. Donald trump has been that fighter for the forgotten men and women against the elites, against the globalists, against the radical environmentalists who are willing to sell our country up the road to the rich and men put themselves or worship whatever god they worship, like Climate Change, other than the true lord and savior. We know who the left are and what theyre trying to do. Donald trump stands in their way, thats why they hate him. Stuart the fbi, reportedly, has opened an investigation into the hunter biden scandal. But thats been totally suppressed by the media. Four days to go til the election, and most people dont know anything about it, is and yet it is a major scandal. This drives me up the wall, pete. It drives me nuts. I wish there was something more that could be done about it with four days til the election. The American People deserve to know the depth of the corruption of the biden family. Think about this, joe biden wants to ban fracking and limit Energy Resources for americans in our country because hes kowtowing toed radical environmentalists. At the same time, sending his son across the globe to our competitor, our enemy in china saying well happily work with Liquified Natural Gas and Energy Industries over in china. Its complete if hypocrisy, complete selfenrichment. They were planning on no one ever learning about it, and now theyre using the media to shield them. They wont even ask the questions, you cant even post it on twitter. I think thisll be yet another wakeup call for people who i think rationally and have free thought. Will it have an election impact . Marginally. But this is the not going away, because over time the truth prevails. Stuart more confirmation that the Biden Campaign just refuses to discuss the hunter biden claims made by tony bobulinski. Watch this. More accusations made this week on that mostwatched fox news interview a couple nights ago from tucker carlson. Did those meetings happen as they have been alleged when joe biden was a private citizen . Its just another distraction to distract away, again, from four years of Donald Trumps reckless policy and failed leadership. Stuart moments ago it looked like joe biden was going to talk to reporters. He came outside, looked at the reporters. I think he may have answered one question and then almost immediately, boom, he takes off. Hes back off to his plane. Thats it. No more, no more questions from the reporters. You cant get this guy pinned down on his familys finances. Just cant. No. Why would he change his strategy now . Hiding biden, he he thinks, is working for him. They used covid19 as the excuse, but the reality is hes not capable of answering questions the way that he should, just not there. And number two, why would he expose himself to these types of questions . The thing is the National Media that travels with him, theyre not going to ask about this. They want to ask about ice cream can and laugh about, you know, the fact that joe biden might be president. This is, these are utterly serious times, and every an utterly unserious or and complicit media, and he knows it. Hes just trying to run out the clock. I just dont think the four corners strategy is good for him. Im here in minnesota right now today, donald trump is going to the voters. Stuart what are the locals telling you about this race . I know thats where you are. Yeah. This is, minneapolis and minnesota is a perfect microcoz can. Of a lot of things. Youve got a lockdown governor, an absentee senate candidate, tina smith, youve got a radical attorney general in keith ellison, you had all the violence that happened in minneapolis and a massive, changing political demographic in the state where a lot of folks i talk to who are former democrats, remember, Democrat Farm and and labor party in minnesota, a reliable part of the coalition in minnesota, theyre all trending to donald trump, and the republican party, because they see the radicalism of the left and the lawlessness in the inner cities. Pay attention to minnesota. I think there is a bug big with chance, even as much as wisconsin, because of what minnesotas gone through with the lawlessness and because of the lockdowns, this is a state ripe for change. And thats why the president is coming here yet again this afternoon. Well be here at that rally, or well be covering it tomorrow morning on fox friends. This is a massive potential pickup opportunity. Stuart minnesota hasnt voted for a republican president since Richard Nixon in 1972. Just thought i might like to lay it on you. Its true. Southern minnesotas totally different than 1976 and beyond. And reagan did not campaign here. If he had, he would have won. Stuart thanks so much, pete, from minnesota. Got ya. Brock pierce, hes on the show, hes a president ial candidate, and he thinks that he can swing some votes this minnesota. Weve got him on the show, well talk to him about that. One more check of the markets. Where are we now . Still down pretty much across the board. Is this going to be the worst october, worst month since march . Possibly the worst month and also the worst week with the dow and the s p down about 6, 5. 5 each. The nasdaq has lost 4 just this week, so seven days. And the reason, we have record covid cases, europe lockdowns once again and, of course, election uncertainty heading into that november 3rd vote. Also i was looking at the historical were octobers, and weve been down for the last four election cycles. The story today is tech names and earnings. Yes, it was a Strong Quarter but, apparently, not good enough. Apple, record sales. Amazon, record sales, record profit. I keep saying this, and still not good enough. Facebook, sales dropped in u. S. canada users, and google a spike up to 5. 33 on the stock, and it did way better than anticipated but also coming back from, shall we say, a disappointing quarter last time around. It was a bit of a comeback and surprise for google this. Stuart im just surprised weve not yet seen any serious dip buying. Apple still down 4 , down 4. 4 . Right. Staw Institute Even though you mentioned earlier some analysts are raising their price targets. They are because they see that, yes, maybe they didnt sell as many iphones in a quarter when they didnt have a new iphone. As a consumer, would you buy a new iphone knowing that a new ones coming in the just a few weeks time . I wouldnt. I think thats the consumer trend. Stuart im with you. Lets see now, lauren, youve got some win ors for us. Go through it, please. Yes. Wasnt easy, but we got some. Look at this, mohawk industries, they make floors, and the Housing Market is booming right now. They gave a strong outlook, wall street always likes that. This is the number one stock on the s p 500 with a 13 gain. Also or resmed, they make medical devices, masks, ventilators. Their mask sales are driven by people constantly replacing them, the new way of life. And finally, under armour. Stronger earnings, strong online sales and, yeah, were buying a lot of sneakers. They also sold their fitness app, so they made money from that. The outlook was tepid here, but investors dont seem to care with the stock up 5 . Stuart lauren, thank you. Cities hard hit by violent protests, just a few months back, are bracing for election unrest. Luxury apartment buildings here in new york city, theyre even hiring private armed guards. Well tell you all about that. Joe biden dismissing yesterdays record Economic Growth numbers as not nearly enough. Does he really think that his policies will help us bounce back more force friday . Were going to ask andy puzder about that. But first, tammy bruce is here, and shes calling joe biden a trojan horse for socialism. Shell make her case as the second hour of varney rolls on. Gives us confidence. They help us with achievable steps along the way. So we can spend a bit today, knowing were prepared for tomorrow. Wow dad, do you think you overdid it maybe . I dont think so. What do you think, peanut . Nope honey, do you think we overdid it . Overdid what . See . We dont think so, son. Technically, grandparents cant overdo it. Its impossible. Well planned, well invested, well protected. Voya. 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Usaa stuart President Trump and joe biden making one final push in the midwest, both of them will be in wisconsin today. Hillary vaughn is in milwaukee. So, hillary, whats bidens exact schedule for the day . Reporter stuart, hes starting in iowa, then going to minnesota and ending here in wisconsin, but its notable because this is bidens busiest day on the campaign trail so far this year, three battleground states. He will be hitting. He left wilmington early this morning, is so hes already on his way to iowa where hes up by just one percentage point. Part of bidens pitch to iowa farmers has been that Climate Change has negatively impacted them but so has President Trumps fought with china. But the Iowa Corn Growers Association yesterday announced that for the very first time, theyre inducting a sitting president , President Trump, into their association, thanking him for his support for the ethanol industry andal also for his work to protect them from china tariffs. Biden explained why hes going to minnesota which is a place that democrats have consistently won. No, im not concerned. Were going to be in iowa, were going to be in wisconsin, so im going to stop in minnesota. Were not taking anything for granted. Thank you. Reporter President Trump is also doing a midwest swung today. He also will be here in wisconsin today, just two hours north of here in green bay. Hes going to michigan and also minnesota. But hes already reminding voters here in an oped that was published in the Milwaukee Journal Sentinel of his record on the economy. Heres what he said in that. Every single one of these accomplishments is on the line this november along with the promise of a recovering and thriving economy in the walk of the pandemic wake of the pandemic. If joe biden manages to win the president ial election, his administration would eliminate my America First policies and pursue an economic agenda that would devastate wisconsin families. But, stuart, we also are getting critical information about what bidens strategy is for the final two days before election day. He will be barnstorming through several places in pennsylvania. So it is clear that he feels like he is on defense there, and also he has a lot of ground to make up for. Hes received a lot of criticism, of course, for his flipflops on fracking, so its clear hes making that a priority until election day. Stuart . Stuart thats fascinating, hillary, making pennsylvania a priority the last couple of days. That tells you a lot. Hillary, thank you very much, indeed. Great report there, thank you. Our next guest says and i agree with this entirely joe biden is a trojan horse for socialism. Tammy bruce made that statement, and im with tammy bruce. One second. Look, i agree with you. I think that the left really is running joe bidens campaign. It occurs to me that all biden has to do is to win the white house. Forget about winning the senate for the democrats, just win the white house, and you can pack your cabinet with all kinds of socialists. Thats all youve got to do, just win, and the socialists are in your cabinet. Away you go. Well, Elizabeth Warren, theres a headline today, she wants to be the treasury secretary. What the heck do you think thats going to do to the country . I guess theyre going to have to box it out between her and Bernie Sanders when it comes to whos going to control, you know, the treasury of this country. So you see theyre all lining up. They see this as a cornucopia for themselves, that he is just, he unlocks the door, and then ethee steps a a withastegmentntnt h hs brming ere, nevere, neverlly loo look e ll look at what the cantes are heing. I ioi ng to i i minne minnesotata sconsin and andenns pennsylvani enly . Theithrng t indicicn somet s sni that theat the nio nl nls are ae tlyactl right. Is is nis is not man man w r ru, who who thatt h ahead aheadada7 inpoinsnel had hum. So remembeemr,be l att wha wtha theythreoing. Doldrumprumpru alwseenee vingggreggss iohe a man of of action. Io doin t ts. His h style, he l clearleay, j b jen jenidantan to do this, hee has to. T and as a a a trojan horse, and i thinks the perfect analogy, is that he is being presented as somebody who Everybody Knows that can be trusted and hes a moderate, all of that is a fraud. He also knows that he is just the unlock or. He doesnt think that hes going to be running the country. Both harris and biden have referred to this as the harris biden administration. Harris last month referred to a Harris Administration if shes elected. Biden said a joke just a couple days ago im her running mate. You think im kidding, dont you . [laughter] at least with joe biden, he is honest to a fault where it damages him, and thats another example. The squad is behind them, ilhan omar dismissed concerns about what joe biden would do, that its going to be okay. Everybodys in on this except, they think, the American People. It is a large, its a huge fraud, and its not what theyre going to get when they, when the election happens. Stuart ill close it like this, its bait and switch by any other name. Tammy bruce, thanks for joining us. Bravo. Stuart see you again soon, thank you. All right, lets talk mgm, the casino people. I see the stocks down 5 , susan . They lost about half a billion dollars to closures, limited traffic, mgm reopened all of its properties at the end of last month. Occupancy rates, though, are still less than half. Gaming revenue also missing, mgm or made around 18,000 in august, bringing back roughly 29,000 of its work force. Look, the future for them is sports betting, and theyre investing heavily into their bet mgm grand. Sports betting, draftkings, as you know, up 300 this year. Stuart theyve done remark by well. Thanks, susan. Lets talk altria. Theyve got a stake in juul, remember that. Lauren, their report card just out. Whats in it . Yeah. Can we start with juul really quickly . This is the ecigarette company. They say theyre valued at 10 billion which is down from nearly 40 billion two years ago, and altria saying, yeah, thats really more like 5 billion. So when you look at the vaping industry, it has been hurt by this regulatory crackdown and even some Users Switching back to the dissal cigarettes. Traditional cigarettes so, wow, this industry went down. Altria is the biggest shareholder in juul, they reported a net loss. Now the stake is 1. 6 billion. So as they attempt to diversify out of traditional tobacco, its not really working out for them. Stuart you you were about to st went up in smoke. You couldnt resist it. I was. Stuart good call there, lauren, thank you. [laughter] now this. The governor of california, gavin newsom, facing huge pushback for essentially banning halloween and thanksgiving gatherings. Steve hilton is our california guy. Let him have at it in the next hour. Andy puzder, hes going to tell us how bidens plan to raise the minimum wage will surely kill Small Business. Im with him on that as welcome of well be back. So through ancestry, i discovered my great aunt ruth signed up as a nursing cadet for world war ii. She was only 17. Bring your Family History to life like never before. Get started for free at ancestry. Com to life like never before. vo im a verizon engineer and today, were turning on 5g across the country. With the coverage of 5g nationwide. And, in more and more cities, the unprecedented performance of ultra wideband. The fastest 5g in the world. It will change your phone and how businesses do everything. Im proud, because we didnt build it the easy way, we built it right. This is the 5g americas been waiting for. Only from verizon. Stuart all right. The market has just embarked on a new leg to the downside. Look at that, were down 367 as we speak, thats 1. 3 , is and a big drop on the nasdaq, thats down 259 which is 2. 3 . Worry number one is the virus. 88,000 cases reported nationwide yesterday, that is a new daily record. For the week, half a million confirmed cases. And the total now goes up to just over 9 million cases confirmed here in the United States. Got that. The other big drag on the market is, clearly, big tech. And the worry not so much the worry there, its that big tech plays such a huge role in the dow industrials and the nasdaq. That is right. The big five now represent around 25 of the s p 500 which is the most influence theyve had in decades. Now, you mentioned those factors of ruing covid cases, also i would throw in election uncertainty as well. By the way, todays a friday and the end of the trading month, so what you dont want to do is hold into a weekend, but it still seems so uncertain on november the 3rd. How long does that extend out . When will we actually know the results . And tell me this, because i think people are latching onto the headlines of walmart removing guns off the showroom. Facebook is preparing for stuart civil unrest, yeah. These type of headlines, these types of concerns, these ceos are some of the smartst people on the planet, right . Consultants are telling them there could be violence as a result of the votes. I think people get a little bit scared with those type of headlines. Stuart understandable. Serious negatives, weve dealt with them. Just isolate apple for a moment. We know that iphone sales were, shall we say, lackluster because of the timing of the introduction of the 12. Weve got all of that. But i want to know about wearables. How did they do . Theyre a fortune 140 company on its own, right . They made 8 billion in sales, and were just talking about the air pods and the watches. And they had a new device launch in september, so they had a few weeks to trade off of that. When i asked ceo tim cook about this, he said, look, were very positive, had a very positive response to our september announcements, the ipad 8 generation, the ipad air, and tomorrow, this is important, we are shipping apple one, that is today, which is the bundle that you can buy one, get all our services, and were on target to ship Apple Fitness plus before the end of the year. Apple fitness plus is a competitor to, say, the pelotons and the nikes, and that might have an impact. So, you know what apple one is . Its a bundle of the services. You get tv, cloud, music, and for an individual that plan starts at 14. 95 a month, for a family, 19. 95. Stuart yet the stock is falling some more. Down 6. 75, 5. 8 . They had a disappointing u phone sales number from july to september, no new phones introduced during that time. Do you think and i think wall street and analysts because theyve been raising their target prices for apple, think were going to see a blowout december. The holiday period where you buy phones, you actually have phone sales to, i guess, put into those three months. Stuart it would seem to be a terrific quarter coming up, the holiday quarter. And yet the stock keeps on im just waiting for people to start buying the dip, because thats a hell of a dip. Yeah. By the way, most of the gains for apple has been cash return, they still have 192 billion on the book. Stuart in cash. Extraordinary. And the stocks down 6. 5 . Well follow it, lets see if we get bargain hunting. Netflix raising prices again on their monthly plan, so, lauren, give me a breakdown on all the big names. Yes. I think a lot of people are saying should i pay now that netflix, the standard plan goes to 14, premium goes to 18 a month. Thats a good question. Theyre keeping the entrylevel plan at 8. 99. Heres why. Apple tv plus 5. Disney plus, 7. Amazon, 9. Hbo max, 15. Peacock, it goes from free to 10, and hulu, 6 all the way to 60. So the point is the competition is mostly cheaper than netflix. And i remember when netflix said, well, we compete with screens, actually. But theyre competing with all of the players we just showed you. But tiktok and fortnite, so customers are probably now saying do i pay these higher prices, and my opinion is, yes. I think netflix has the content and the pricing power, and we start to because were doing this in my own household, do we need this service, that service, what do we really watch . But i think netflix stays. Stuart im staying with netflix. I cant move off the it, i love it. I will pay the higher price. I want to get back to that historic gdp number, 33. 1 annualized growth rate for the economy in the julyseptember period. That was terrific. A real recordbreaker there. Andy puzder is with us, former Cke Restaurants ceo. That is extraordinary growth. 33. 1 in the Third Quarter, annualized rate. Thats extraordinary, but is it really slowing down a lot in the Fourth Quarter . [laughter] you know, stuart, it seems like every time an economic number comes out, it blows away the economists expectations. The economists say, you know what . It blue away our blew away our expectations, but its going to get worse. Now its going to get really bad. And then the next month comes the economists say, well, we were wrong, but Going Forward theyre going to get bad. I new youre seeing the same thing. I think the economy will continue to come back. It will come back, obviously, more strongly once these restrictions particularly in the red states are taken away or limited, and i think that will happen after the election because i think a lot of them are political. But, no, this was an incredible number. Doubled a 70yearold record set back in 1950. They blew it away. Stuart okay. Real fast on biden, the minimum wage 15 an hour. Youve been in the restaurant business. They say it creates millions of new jobs if you raise to 15 an hour what do you say . I say thats ridiculous. Itll kill jobs. Were still in the pandemic. Weve still got these restrictions going on business activity, and while were recovering dynamically, a lot of Small Businesses are still hurting. So what do you want to do, increase their labor costs . It absolutely makes no sense. Were lending businesses money so they dont have to close their doors, and joe biden wants to increase their costs. Its absolute nonsense. Stuart and we will never know the names of all those youngsters who do not get jobs because theyve been produced out of the market. Priced out of the market. Absolutely right. Stuart mr. Puzder, thanks for joining us. Thanks, stuart. Stuart see you soon. Now, you may know brock pierce as a billionaire businessman, but hes also running for president. Hes running as an independent. He claims hes pulling votes from joe biden in his hometown, his home state of minnesota. Wont that benefit President Trump . It would seem like it. Well, mr. Pierce on sorry, hes on the show. Brock pierce is is on the show late or this hour. First, though the, karl rove will tell us why a Trump Victory depends on maine and nevada. More varney after this. 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. And this town said we try to soothe it with this. Cool it with this. And relieve it with this. But new preparation h soothing relief is the 21st century way to do all three. Everyday. Preparation h. Get comfortable with it. Some things are good to know. Like where to find the cheapest gas in town and which supermarket gives you the most bang for your buck. Something else thats good to know. If you have medicare you may be able to get more benefits without paying more through a Medicare Advantage plan. Call now to request this free guide. Learn about plans that could give you more benefits from humana. 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And when it comes to prescriptions, in 2019 humans Medicare Advantage Prescription Drug plan members saved an estimated 7,800 dollars on average on their prescription costs. So if you want more from medicare, call now to learn about humana Medicare Options that are good for your health and your wallet. A licensed humana sales agent will walk you through your options, answer any questions you have and help you enroll over the phone. Plans with a zero dollar monthly plan premium are available in many areas. Call now and well also send this free guide. Humana, a more human way to healthcare. Stuart the downside move is gaining soe momentum. The dow is now off 400 points, and look at that nasdaq, down 2. 5 , thats 278 points. Whats the problem . Well, number one, weve got big tech selling off bigtime, and that reflected in all the indicators, pulling all of them down. Secondly, weve got a record 88,000 new cases of covid19 here in america yesterday. Thats a daily record. Thats not going down well. And walmart pulling guns and ammunition off the shelves, they dont want people looting firearms on election day or as election day approaches. That unsettles people when youve got that kind of thing going on. And then theres this, zuckerberg of facebook, hes worried about postelection day unrest. He says facebook needs to go above and beyond what theyve done in the past the fight misinformation. Again, rather unsettling and helping to drive the market down. Facebooks off 6 , and the dow is down 416. Now then, our next guest says its a huge priority for the president to win maine and nevada. Karl rove is with us, former deputy chief of staff for george w. Bush. Now, karl, maine and nevada, President Trump is behind in the polls. Why is it absolutely necessary for the president to win those two states . Well, actually, the newsmakers article had it wrong. If you go back to the tape that he has to win maine 2 and nebraska 2. Those are the two states that break out their electoral vote by congressional district. And i show you why thats important . Stuart please, please. The white board, here it is. Here we go. President trump won 306 electoral votes in 2016. He actually received on the day that the Electoral College met 304 because he had two faithless electors in, of all places, texas. The rangers are after em, but he got 306. What happens if he loses, loses michigan . 16 electoral votes. Hes at 290. What happens if he loses pennsylvania . Hes at 270. What he needs in order to win. If he loses wisconsin, hes at 260. So the key states are hes got to win at least one of those and hold Everything Else. Now, what happens if he wins wisconsin, in this last scenario, he goes back from 260 back to 270, and he wins. If he loses maine 2, hes at 269, and its a tie in the Electoral College. And if he loses nebraska 2, hes at 268, and joe biden is president. So thats why those two are so important, because hes got to win one of the great lakes states and hold Everything Else and wins those two, he becomes president. Now, theyve got a backup strategy. The president s been spending time in nevada which has 6 electoral votes and New Hampshire which has 4, so thats 10. If he loses all three great lakes states, he gains that back, the win back with taking those two states or winning minnesota. Think about that. Hes been in New Hampshire recently, and he has literally been in nevada and will be in minnesota in the last week of the campaign. So they must have had a bad translator or had one of those automaticallygenerated transcripts. But if you go to videotape, i said maine 2 and nebraska 2. Stuart it was probably my miss reading. No, no, no, i just saw the news max article this morning, and theyve got nevada in there. Stuart i want to get this in fast, karl. Were told in the last couple of days of the Campaign Joe Biden is going to go to pennsylvania again. I dont know how many times hes going to go there, but hes going there again right before the election which implies hes very worried about pennsylvania. Hes also going to iowa and minnesota. States that he especially minnesota says that he should be winning. It looks like hes a little worried as you get down to the wire. Well, its a good prevent strategy. I mean, if he wins pennsylvania, its very tough for President Trump to take to lose those 20, if he loses michigan, pressure on wisconsin, those three states, youve got to win at least one of them. If he wins two of them, hes probably a lock to get reelected. Also its less travel for biden. He and his wife and Kamala Harris and her husband are literally going to be in the four corners of the state, western, central, northeast and the southeast. And its easy, hell get home that night and be home in his own bed in delaware. Stuart car sass. Is star cause can. Is a low form of wit i wasnt being sarcastic. Hes a home body, he likes being home or stays in his staying in his basement. Stuart it was still funny. Karl rove, youre all right. [laughter] thank you, stuart. Stuart thanks, karl. Lets get back to the market. What have you got on that, susan . Close to the lows of the day, down 415 for the dow, arent we . Were closing in on that. And the s p 500 down. Probably the heaviest selling, the nasdaq 2. 5 . And this is despite the fact we had pretty good earnings. Again, this is about taking money off the table. You got the results, they were great as priced in, and now its time to take some money off the table and see who ones november 3rd. Also do you want to hold the stock risk into a weekend . By the way, the end of the quarter, we know october has usually typically been volatile especially in election years, the last four election cycles. So this type of price action though, if you think about it, we still made a lot of money off those marlos, right . Stuart sure. Havent given back all of them. Stuart all true. And this is not sort of an unraveling of the market no. Stuart its a nasty downside move that makes you worry about things, but its not the end of the world. I was surprised that it could be the worst month, october, worst month since the march selloff that we saw. Those were down times, right . Stuart oh, brutal. Brutal, yes. Also the worst week at the end of march as well for all three benchmarks. Stuart right now were down 386. Tale of two can disney anemia parks for you, one in florida, open since july, the other in california, shut for the foreseeable future. Ashley webster is in orlando, and were going to take you there to meet him again. First, though, jon taffer interviewed the president about the bar and Restaurant Industry. Jon taffer, hes on the show. Nonvalvular afib can mean a lifetime of blood thinners. And if youre troubled by falls and bleeds, worry follows you everywhere. Over 100,000 people have left blood thinners behind with watchman. Its a onetime, minimally invasive procedure that reduces stroke risk and bleeding worryfor life. Watchman. Its one time. For a lifetime. Stuart youre coming up to a weekend rt before what might be a contested and longdrawnout election. A lot of people dont want to hold stocks, a lot of people are selling. The dow is down 400, but look at the nasdaq, that is down nearly 300 points. Add to that a Record Number of daily new cases of the virus in america. Add to that sharp selling in the bug techs which affects all the major indicators, and what youve got is a is steady slide south. Lots of red ink on the market this morning. Lets get straight to our guest, jon taffer, bar rescue guy. All right, jon, you scored a real hit there with a sitdown interview with the president for your podcast, got that. Tell me, what is he going to do for your industry, restaurants and bars . Well, stu, it was a great interview, and i got the president to commit to four specific programs for the Restaurant Industry dewhich are big. The first, of course, is a renewal of the ppp program. But he he said that he would allow the new version of the ppp program to address past debt. Thats a biggie because a lot of restaurants are sitting on six, season months of debt. The six, seven months of debt. The second one, he promised to reinstitute the business meal deduction. You might recall that was lost about 18 years ago and did have an impact on restaurant sales. Thats a big one on the revenue side. The third one was a Domestic Travel incentive where hes really looking at developing a tax or another Incentive Program to stimulate Domestic Travel. And for markets like las vegas, miami, im sitting here in nevada, were not going to be successful until the planes are full. So thats a really, really big program. And the last one is the employer retention tax credit which is currently applied to a few amount of restaurant types, and the president committed to broaden the scope to encompass many, many more restaurants. When you put those four things together, its big. Stuart its huge, i understand that, but he can only put those four things in place if he wins on tuesday, right . Thats correct. But i want you to know that we also reached out to the biden camp because its important that, as a restaurant person, these issues are on the table. We have not heard back from the biden camp yet, because im curious to hear his position on these topics as well. Stuart how many people have you got listening to your podcast . Because im hearing it for the first time. Oh, its going to be a huge podcast for us. We do well in the first place, but getting the president of the United States is quite a score. I was told he had 35,000 interview requests for this week, and he chose mine, stuart. Must be because of my friendship with you. Stuart no. [laughter] i have an interview i request in for the president. I didnt get the interview, you did. Youre killing me. He got me stuart last week we found out you got your own mane, this week we find out you get an interview with the president and i dont. Do you expect to be on this Program Next Week . I thought were buddies, stuart. Stuart we are. Lets see how this election works out, jon. Thanks for joining us. See you again real soon. Thank you. Weve got an even bigger show still to come. Brian morgenstern, brock pierce, steve hilton all on the show in the next hour. Dont freak out, please, but Elizabeth Warren is reportedly pitching herself and is a frontrunnerrer to be the treasury secretary if biden wins on tuesday. Youll get my take on that next. 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Closing your schools, workplaces, that will not happen again on President Trumps watch but it will happen on joe bidens. I think the polls are wrong 16 was continued to be extraordinary close, i think the last week to ten days it is trended for the president. Is only going to get more detached from reality more aggressive for people who love freedom, if im addicted to anything its not donald trump, its america, freedom. Stuart he is popular, see what you missed, 11 00 oclock in new york city, we are in selloff mode with four days to go to the election, we got a big show for you, White House Press secretary Brian Morgenstern is joining us along with president ial candidate brock pierce in the next revolution host that will be stilled unto steve hilton. We are down on the market and falling, that is not quite accurate, 30 seconds ago i saw the dow down 500, now i dont know whats happened but were down 380, we are down across the board and susan if i list the negatives what about missed, Record Number of daily cuvee cases in america, big tech selling off left right and center, that takes down all the finances. Possible disputed election coming up and possible civil unrest in the election coming up, wouldve i missed. Susan the atlanta fed came out with the Fourth Quarter prediction for the economy, slightly less then what the average wall street economists are the keepers of the atlanta fed were only going to grow 2. 2 coming off of the 33 expansion, most of wall street predicts we will expand 4 youre committing half that rate has concern, lack of stimulus in there as well with pelosi trying to push for a restart of the talks that has not happened just yet. Stuart im going to correct a mistake i made a little bug on the right hand corner of the screen said the dow was down 500 but that was the wrong bug, we are still down 400, we are storing a little bit more down 1. 5 , red ink, now this. Wall street is giving four times more money to joe biden then to President Trump, i really dont get it, biden if elected would immediately raise the tax on corporate profit, i see how thats good for stock price or company and if biden is elected he would double on stock profits, how is that good for wall street, politico three sources say Elizabeth Warren wants to be treasury secretary and to the front runner for the top money job if biden wins. And wall street donating this, whats wrong with that, treasury secretary warren, she said she would make all Big Companies get permission from the government to do business, they would be told who to hire, who sits on the board and how and where the profits will be distributed, extraordinary stuff as treasury secretary, wall street is giving money for that, there are separate reports that Bernie Sanders has his eye on the labor secretarys job, imagine the treasury the Labor Department run by socialist. What is wall street up to, maybe they believe biden will win, why not give him a ton of money hoping to buy some influence, they should remember 2016 when they backed hillary heavily but trump who produced a monumental wall street rally, maybe its just the elite sticking together joining a few billionaires, media people, the Entertainment Industry and all the others who hate trump, maybe thats part of it but i still dont understand. Capitalism is at stake next tuesday and i wouldve expected wall street to understand that, apparently the hotshots of wall and brought do not. If biden wins and or the democrats take the senate, we are all going to suffer. The third hour of Varney Company is about to begin. Stuart im going to bring in Kelli Sanders for this, communication director at America First action, you are following this campaign and youre following the money, you explain to me why is wall street giving four times more money to joe biden then is to President Trumps. I think you said in your opening, the fact of the matter they think they can buy influence from joe biden, we seen this in the past joe biden is a swamp creature and establishment figure, they give money to him and the half their hand in crafting whatever regulations is a administration proposes. Joe biden says he is from scranton and for the bluecollar worker and the president is from wall street, i think that is completely reversed. Stuart i think theyre shooting themselves in the foot but thats my personal opinion. You follow the cash and you have said that the democrats have a cash advantage in every single state of the unit except North Carolina, i find that extraordinary, and 49 states the democrats have got more money than the president , how does that happen. This is going to be the most expensive president ial contest in history already since april, the democrats have spent 1 billion on television and radio advertisement. A lot of this is funded by the bigmoney donors on wall street so you have to look at where the democrats are placing their money and the republicans as well, the two states that will have more than 30 million in advertisements until here in election they are florida and pennsylvania, obviously florida is key, pennsylvania is key for biden but North Carolina i find curious, and even race where republicans are outspending the democrats and what that tells me, the democrats are feeling that theyve lost the state and we have the advantage and mercy in the and the internal polling. Stuart they might be worried about pennsylvania, we learned earlier that joe biden in the last couple of days right before the election on tuesday, he is going to be in pennsylvania i dont know how many times that hes gone back to pennsylvania, that a place theyre worried. Absolutely they should be. You have to look at the content of the ads, weve been running fracking ads since june we estimate 800,000 persuadable voters in the state of pennsylvania alone on the issue and 21 of the voters did not vote in 2016, they are leaning towards the president. Stuart i need your comment on something that joe biden said in relation to the economys growth, as you know in the Third Quarter it grew at an annual rate of 33. 1 , that is extraordinary, joe biden said is not enough in a statement he writes the recovery is slowing if not stalling, what you make of that. Its nonsensical to me, i want to know what joe biden is going to do to stimulate this economy he has advocated for shutdown as you said in your opening hes advocating to the tax increases on corporations which will trickle down to the middle class especially with the implementation of the green new deal, medicaid for all, free healthcare to illegal immigrants, the economy is central in the president s reelection and were going down to states like florida and advertising on the president astounding economic record and what a joe biden a administration involving socialist he has planned for his cabinet would do to Small Businesses especially in miamidade area. Stuart i know you must be working 24 7 but we do appreciate you taking time to be with us, kelli thank you. Four days until the election, polls joe biden with a slight lead over the president and pennsylvania, got that, 49. 92456, Grady Trimble is in camp hill pennsylvania, what are the people saying there . We have been talking to voters on both sides of the aisle and top of mind for everybody here in this area near harrisburg is the pandemic but where they fall on the response to the pandemic depends on their party affiliation, were out of business, this is maries cafe in camp hill, the business has been down 50 since the pandemic kit, that is a key issue as you head to the polls, if you have not voted yet, there has been record early voting turnout this election, when you go to the polls and when you make up your mind, what is the number one issue for you as a business owner. My business, the wellbeing of my staff and my clientele to come in here, covid, i want people to observe all the Safety Measures that are in place so the virus does not spread any longer. But youre also worried about a second shutdown. Youre right, i cannot afford to be shut down for the second time because that would probably result in me shutting down permanently which i do not want to do. We dont want that to happen either, we wish you the best of luck, i want to show you some numbers, if you look at the early voting totals, it gives biden a lead, people who have voted by mail in the state of pennsylvania, 1. 4 democrats have returned their balance fewer than half a million republicans have returned to their mailin ballots but what the president is hoping for here in the state of pennsylvania is theres bottled up energy from voters who are going to go in person on election day to cast their ballots in that city counting on and thats why hell be in three different cities hopin holding e separate events in pennsylvania alone tomorrow. Stuart joe biden has backed out on monday too, thank you very much. See you soon. Lets look at the markets again, the red ink continues to flow, down 430 on theyre down and 295 on the nasdaq. One negative factor is the atlantic fed. Susan they are cutting gdp to 2. 2 percent, that is all most half the rate but wall street was anticipating for the last three months of the year, 3. 8 after a blowout expansion workers in the Third Quarter. Stuart have outgunned stocks, before we get to them i wouldve thought they would go well because the possibility of civil unrest but i dont know where we got the gun stocks. Susan is a big deal when the largest retailer in the country removes the ammunitions off the sales floor across america, that could reduce demand and reduce sales, we are looking at a move down for smith wesson which is bankrupt gun maker remington ammunition business down across the board. Stuart im surprise, i would thought it would go up but if walmart is not selling them in some stores, that might take away from demand, but down they go. Susan we have news from Federal Reserve that mightve lifted stockmarkets at the start of this hour, they are reducing, paired tweets to the Mainstreet Lending Program they are reducing to 100,000 from 250,000, more people can get access to money, liquidity and cash. Stuart it did not help the market that much, down to 300 on the nasdaq and 400 on the dow, there you go. Listen to this, no singing, no shouting and no parties longer than two hours, those are just some of the new rules for thanksgiving parties in california, steve hilton fired up about that, im not surprised and he is on the show, Speaker Pelosi optimistic about a postelection stimulus deal, i kinda feel the deal that we get, what might be in it really depends on who wins the election, white house Brian Morgenstern is next. I searched and found sofi and applied for a personal loan. I paid off my credit cards and felt a weight come off my shoulders. 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Services and why the work from home, thats why youre buying the pcs and computers but the problem was lower iphone sales and iphone still make up around 50 60 of the revenue however, this is the quarter that you did not get any new devices, i talked to tim cook and the ceo and asked him what his view is on the u. S. Economy and whether we will not get any stimulus because that would drive consumer purchases and probably help apple, i continue to be optimistic, i think a stimulus package is needed and i would encourage everyone to Work Together on that but im confident that if that can occur we can continue to bounce back that we saw last quarter, the gdp number of 33 was quite good, when the ceo of the Largest Company on the planet says you have to listen and what about work from home he said i think its going to be a little while for apple with the winter in more people being inside, lets Work Together to contain the virus, again influential words and i think what he has to say people Pay Attention to. Stuart the market is in a 5 drop for apple, im just waiting for the dip buyers to come in, you had an enormous dip on apple, what are they 130 or 150. Susan it was 130 the record high. Stuart another back to one ni nice. Susan still 10 or 11 , look this is the end of the week, heading into some uncertainty in starting a new quarter, we will see. Stuart what see how they close i wouldnt be surprised if there was a dip buying. We just found out joe biden is going to iowa and minnesota right before the election, this is today, the President Joe Biden going today, forget that for second and looked towards monday, the day before the election, we understand that biden is going to iowa and minnesota on that day, what does that tell you, Brian Morgenstern is White House Deputy communications director, brian we just heard this and we just found out on the last day right before the election biden is going to two states that he should win where hes already ahead, do you think hes getting worried . I do, its because the president s message on lower taxes, deregulation, better trade deals and Energy Independence is really getting people to wake up and see what the opposing party is proposing with higher taxes, eliminating the entire Energy Industry as we know it so i see trouble. Stuart or maybe the biden camp is looking at their own polls or the National Polls and not believing them and understanding that maybe there is a shy true voter element which is not responding properly to the polls, that could be there to. Look at what we saw in 2016, pennsylvania, michigan, wisconsin, the Clinton Campaign according to many polls was leading by six, seven, eight points, President Trump won all of those opposed off by double digits in its common sense that in this day and age the radical left protesting burning down building, ripping signs out of peoples yards and in some cases smashing windows and things, people are little bit shyer with their vote they dont want to be harassed, but what they see safety, security, more jobs, higher wages offered by the trump agenda and so they might not tell a pollster but they will show up, that is probably why youre seeing this behavior by the campaign. Stuart do you think will get a stimulus deal after the electi election, i gotta say whatever is in a stimulus deal after the election depends on who wins the election. That is right, the president has continued to advocate for helping Small Businesses, checks to families and on employment insurance and helping the hospitality insurance in particular, hotels and restaurants and businesses that have been hit particular hard and once it ends in the speaker can stop doing stunts like mailing letters to the press instead of secretary mnuchin, we may see some progress but in the meantime remember the president has apple been in the care sector the Small Business fun, checks to families, et cetera then we fastforward, he did his executive orders, student loan relief, more enhanced, the eviction moratorium, additional measures, just today i tell you that we have been sending test, millions of tests to help get schools reopen and 125 Million Masks two states across his country to help get schools reopen so parents can go back to work and we can get Economic Activity going again. That is going to impact stimulus negotiations as well as long as they go on, we will continue to advocate for agenda and the president will take action however, he can in the meantime. Stuart Brian Morgenstern, thank you for joining us. We are still following the market selloff down 370 for the dow, down across the board. Now this, colleges intuition, theyre trying to get students back to class, tell me what the discount lauren. Lauren it is free to attend southern New Hampshire university if your firsttime freshmen and living on campus studying mostly remotely, if you say the schools does will take 60 of the bills for next year end that works for them, they saw boost in enrollment, many families are saying the cost of Remote Learning is not worth the experience and thats one of the reasons Even Community colleges down, on the other and procedures universities like princeton and georgetown have cut tuition prices 10 for Remote Learning and in new jersey slashing prices about 20 . They dont want to appear tone deaf to students and families but again you have to make sure especially with the Winter Sports are bringing a lot of money a lot of them are not playing right now, they have to make sure they can stay in business to. Stuart at least are trying to do something about this mess and i respect that. Lauren thank you very much indeed, market check, we are still down all across the board, susan do we have anything to add to this . Covid worries, worries before the election, big textile enough. Susan ill give you levels, right now from what i see the dow is at the lowest since july, were at july levels once again, the s p 500, nasdaq from some of our notes, fiveweek close, you lost a bit, maybe the worst we have seen when you lost money over the last six weeks, were back down to the september levels to start off the month, but were not all the way back to march which i think we should keep in mind. Stuart talking about levels i just tell microsoft a 200 a share, the high was 230 235 and i just wonder is anyone steps into by microsoft if it drops to 199. Very interesting. We shall see. Former child star brock pierce running for president , an independent, hes not going to win but he could give President Trump a boost, we will tell you why, he is on the show. Another rapper endorsing President Trumps plan, we will tell you who it is and how social media is reacting. They dont like this. Yeah, thats half the fun of a new house. Seeing what people left behind in the attic. Well, saving on Homeowners Insurance with geicos help was pretty fun too. Ahhhh, its a tiny dancer. They left a ton of stuff up here. Welp, enjoy your house. Nope. No thank you. Geico could help you save on homeowners and renters insurance. 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 the selloff in progress down 400 on the dow, 300 on the nasdaq, plenty of red ink. How about bitcoin, where is that at the moment, 13480, news on that . Susan that is quite contained in the selloff we know the bitcoin and gold are the hedges to bitcoin if bitcoin can stay above 10000 the day of the u. S. Election history suggest that we could be 100,000 next, this is according to data from coin metric and they say if bitcoin can hold the certain levels for hundred days, you could get a huge rally afterwards, they say remember when bitcoin was saying above 10, it took only 100 days to get to 100 and exponentially as well, they are saying were in a current time were seen above 10000 for the longest. That is holding above certain. And remember 2017 when bitcoin hit 20000, that was also along. As well. Stuart if it holds up for a certain level goes to 100,000. Susan thats what theyre saying, the levels are pretty contained given went happening around the rest of the world. Stuart President Trump a joe biden headed to minnesota, the polls show biden leading by about fourpoint, brock pierce is with us, he is running for president in writing is independent in his home state is minnesota, brock pierce has been saying he can swing the election in minnesota, because he is running in that state. Right now are data scientists, we have no data that shows what we are taking votes from either candidate more than the other so right now it looks like were neutral but theres still a few days left. Stuart okay, what is your platform, can you give me 20 seconds . A vision, for this country, the real legalization of nature, fiscal policy, the National Debt protecting the u. S. Dollar, clean air, clean water, clean earth. Stuart i am afraid youre breaking up a little bit, let me try the last one, you major money in bitcoin, didnt you. I have been building things out of nothing and ive been successfully doing that long before bitcoin but yes, ive been a big beneficiary of crypto currency having started dozens of businesses in that space. Stuart when i listen to your program that you outline it seems that youre much closer to joe biden then you want to President Trump, with that be accurate . My message resonates with people on the far left as well as the far right, im a fiscal conservative, technologist and social liberal, i sit right in the middle and i think my message resonates with most americans. Stuart what do you think will be a total vote on election day, how many votes are you going to get . We will see here in new york where im speaking to you now weve been pulling thirdplace so this is my first time running for Public Office so your guess is as good as mine. Stuart thank you for joining us, we appreciate it, maybe we will see you again soon. Brock pierce everyone, thank you very much. Stuart President Trump getting a fresh endorsement from another rap artist who is it . Lauren lil wayne, he has endorsed President Trump and his platinum plan which will help the black community with programs like creating 3 million black jobs in the next four years, ice cube and 50 cents who youre looking at helping the president make the final push for the black vote, you have to remember 40 years ago he only got 8 support, theyre hoping itll be bigger that time, look at the picture lil wayne is only 5foot five sitting next to the tall President Trump. Stuart he made me look very small, i needed a box to stand on top of, thank you very much, billboards released the list of influential celebrities in the 2020 election, who is at the top of the list . Lauren i want to know if we care, ill give you the list and then well talk about every care, lebron james 36 said hes motivated them to go out and vote, taylor swift number 213 followed by Dwayne Johnson and oprah winfrey, democrats much more likely to be influenced by an entertainer, celebrity or an athlete compared to republicans by a wide margin 17 9 we saw with hillary clinton, she had all the celebrity endorsements the big push by celebs in the end and it did not work. Stuart a big party the day before the election and some real celebrities turned out to unmask and absolutely did not work, did not change anything. Lauren know, and we did have celebrities, trumps supporting donald trump this time around especially africanamerican celebrities and im curious to see if that works in 2020. Stuart which way will the work, good question, thank you very much indeed, back to the markets we have red ink, a little worse, down 320 points on the nasdaq, thats the best part of 3 , thats a big drop in the level is back to 10800, the dow is down to 262420 points, anything to add to this. Susan we have a fourthquarter forecast for the new york fed calling for threepoint to below wall street averages but it looks like a slowdown is penciled in for the last three months of this year if we dont get any stimulus and that looks unlikely right now big tech on the way down just as you know to give you more numbers and metrics around the apple iphone sales is apple is the big drawing today because its so big, it is down 5 and the iphone sales were the slowest that weve seen in the quarter and this is probably why stock markets are reacting and what will street is reacting to the iphone sales in at least three years. Stuart amazon turn did a fantastic report down 4. 4 . Susan that was a fantastic quarter, they are guiding for one the wide guidance as well because when you guide from 1 4 and half billion in a profit, that is a large range to provide and that means you dont know whats going to happen the last three months which is not encouraging. Stuart im surprised you before and half selloff, look at facebook 6. 6 , these are serious selloffs, i see Microsoft Holding at 200, with a drop to 199, only time will tell. Luxury buildings in new york city are hiring on security guards for election day, tell me more on this. Lauren is the sign of the times, this is for november 3 and also for after, they are bracing for what could happen on what could happen delays, contested, were seen this particular with luxury manhattan buildings they are hiring armed guards, offduty cops will carry submachine guns, they are looking for the extra precautions for their residents for protection and also for good and items. For election day and for a few days if not weeks after, weve been through the summer its a terrible year for so many people in offduty cops, they are choosing offduty cops over private guards for a better discretion in some instances as well. Stuart the government indeed, we have disney world in florida, that is been open for months with safety protocols. Why is disneyland in california still shut down, the answer is politics, we are going to get into that, senator warren wants to join joe bidens cabinet as treasury secretary, i would call that a disaster scenario. Ill ask steve hilton about it. He is next. I didnt realize how special it would be for me to discover all of these things that i found through ancestry. I discovered my great aunt ruth signed up as a nursing cadet for world war ii. You see this scannedin, handwritten document. The most striking detail is her age. She was only 17. 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Stuart President Trump has been speaking to reporters ahead of his rally in michigan we will bring you the tape in a moment but ill bring you this headline the president said there will be a tremendous stimulus package after the election, what was his word stimulus tremendous stimulus package after the election, now this. Gas is cheap and getting cheaper unless you live in california, here is a story, the National Average for regular keeps coming down it is now 2. 14 a gallon down about a nickel and a month, adjusted for inflation that is about as cheap weve seen in a long, long time and there are now 15 states with the average price for gas below 2 per gallon, look in california, add this to the states woes, 3. 18 a gallon, californias drivers are paying over a dollar more than the National Average. That is my take. I have a tale of theme parks, disney world, Walt Disney World in florida open since july but disneyland in california still close, Ashley Webster broke out of the studio, hes down there in orlando, why can one park be open safely but not the other, tell us. Thats a very good question, yet the republican governor in florida that wants everybody to get back to work and businesses open against the california liberal governor who wants to shut everything down until covid entirely disappears and thats being played out in disney world versus disneyland, there have any huge impact on the economy, behind me disney world last year had 30 million visitors, this year it is down 80 as you say open in july and has a maximum capacity, limited of 25 but at least it is open to 50 are from florida and attendance has not reached levels anticipated, then you go to california, look at those numbers, cal state fullerton estimates that disneyland contributes 8. 5 billion to the Southern California academy and employs 31000 workers, anaheim itself in the city in which disneyland sits is facing a deficit of 100 million and the jobless rate in anaheim in the last month was about 11 . You can see the difference in philosophies and the impact it has on the local economy, disneyland has safety protocols in place and i spoke to an expert earlier today, he runs a rapid test company for covid, he says california should follow floridas lead. Take a listen. I believe they put in the correct protocols and follow the same guidelines and regulations that disney landed in disney world then they can both be open. The problem is disneyland has to meet very strict rules in order to reopen, so strict that disneyland could stay close to the beginning of summer, next to disney is furious and trying everything he can to get california to reopen but with the government out there, they are just going to sit put and thats having a devastating effect on the economy there. Stuart i cannot understand why bob iger, disneys chief gave 250,000 to the Biden Campaign, the democrats were keeping his disney world or disneyland shut down, enjoy yourself, the weather looks good. It is pitiful. Stuart california strongly discouraging trickortreating on halloween which is tomorrow by the way, look at the guidelines for thanksgiving, parties should not have people for more than three households, parties cannot be longer than two hours and no singing, shouting or chanting. Steve hilton host of the next revolution is with us now, youre a california guy, what on earth is going on, we just outlined the ridiculous rules, is there any pushback against these rules . There is look at the stories the gas prices, disney being shut down and all of this, anyone might conclude that this state is run by a bunch of incompetent leftists who have no clue about creating jobs wealth and opportunity, they want to micromanage it to death with the nonsense and pseudoscientific bureaucracy, you might conclude that fairly looking at whats going on. Stuart no pushback, this is just the United States of america, it was california, these are ricardian restrictions, isnt gavin newsom the guy who said you can eat with the mask on, you just have to take the mascot between mouthfuls, Something Like that, theres no pushback here, come on. There are some people, you could loosely use the term celebrities to describe them have been pushing back and thats been reported, you certainly see a rising political position to gavin newsom, theres a recall petition gaining signatures and i dont think thats going to give enough to put over the top and then you got two years left anyway, there is a rising tide of opposition, i certainly believe that one day is awkward to happen quickly but one day certainly within our lifetime california will flip and will become a republican state because people have had enough of it, you are seeing people see this privately, its still not politically correct as the republicans here but its going to change. Stuart you dont know how old i am but we will move on. Here is another inflammatory segment on my part. Political reports that Elizabeth Warren is pushing to become joe bidens treasury secretary. My heads exploding at the very idea, how about you . I think its really dangerous, it shows whats coming with the biden presidency if that happens, right acrosstheboard, he himself is so weak at the price for all these people who dont agree with him politically supporting him that they get something after the election like the key cabinet post, then i want to focus on Elizabeth Warren, we heard about her plans for high spending and high taxes and nationalizing huge parts of the economy and the National Childcare plan and so on, but i want to focus on i dont think its been talked about enough, her attitude towards organized labor, what she wants to do is bring back in some cases introduce new restrictions that will empower the unions and if you look at something that is already past the democraticcontrolled house, it should frighten everyone because in their you have bans on secret ballots over unions, secretary picketing, you have arbitration imposed on companies if they cant agree a deal with their workers, this will unleash the dead industrial unrest that you and i know all too well which is what crippled britains economy in the 1970s until Margaret Thatcher attained the unions, you will get that if you get a clean sweep, it is really dangerous for americas economy. Stuart i think joe biden is a trojan horse for the socialist, that is just my opinion. You are all right, well see you again really soon. Thank you so much. Im going to take a look at the market, we have a few seconds to go before we get that tape from President Trump where hes talking about the stimulus and he may be doing some traveling on election day, i dont think thats historically something that the president challengers do but the president has speculated he might do that on election day, you cant keep this guy down. So far, we have a market selloff, were down 360 for the now, the nasdaq down more than that in percentage terms down 311 points, that is 2. 7 , this is a major league selloff, there is a problem of a record daily caseload and for the virus in the selloff for big tech, here we go the president of the United States. Were going to michigan, wisconsin and minnesota itll be a big day i think we had one of our biggest days ever, it wasnt reported like it shouldve been but we had gdp up 33. 1 , that was the biggest increase in the history of our country and i think were gonna have some other big good quarters and i think next year if you dont raise taxes like biden wants to do, he wants to quadruple the taxes and destroy it but if you dont do that, were gonna have the best deal we ever had economically next year, we are superseding all of the countries, our gain is bigger than any other country, our percentage gain is bigger and we went down less than any other country economically. It is incredible and were doing very well we are expecting to make a turn on the pandemic, we are working very hard on that, great therapeutics, we saw various articles today, even the fake New York Times used article, people that are seriously ill are Getting Better that the first time i never heard him say that, we had great medicines i would not call them cured by other people call them therapeutics, we have some great things coming out and we have great things already out and some already and use some fully equipped by the fda and i think thats whats happening and i think the economy is going to be very shortly at a level which i dont think it ever was, last year was the best year we ever had and i really believe that next year starting really now, you can start now but next year will be the best year economically that weve ever had and i cant stress more strongly, an increase of 33. 1, you have to go back to 1952, you have to go back to 1961, many, many years to find anything and even then as less than half the numbers we are talking about, it was a great day and a great day yesterday and now today were really celebrating because nobody thought it was possible because nobody thought we could ever have that economic gain, nobody was predicting it, we are very happy about that. It really shows in our policies work, if you had a president with different ideas instead of having a 33. 1 gain, you would have a disaster on your hands but were set for the best year weve ever had. We have not made a determination, we have certain rules and regulations, washington, d. C. Is just out, the mayor shut it down, we have a hotel, i dont know if youre allowed to use it or not but i know the mayor has shut down washington, d. C. And if that is the case, will probably stay here or pick another location, i think its crazy washington, d. C. Shut down, can you imagine. [inaudible question] texas were doing very well, itll be the same thing as last year and i think last term, i think you asked the question last time too, texas is looking very close and i want to advise many points, texas is looking very strong, i will tell you if you look a around florida is looking really great, ohio is looking really great, North Carolina is looking fantastic actually, we think pennsylvania is looking fantastic but thats a late vote and we think those people in pennsylvania what ive done for pennsylvania and you have to remember he wants no fracking, whether he says it or not he wants no fracking and he showed that in the debate, and if pennsylvania did not frak, you would not have pennsylvania, it would destroy pennsylvania, its a million job, a tremendous amount of money in their really one of our big producers so they have to frak, he is not going to let them frak, his party will not let them frak which is more important. [inaudible question] he wanted a meeting hes a really nice guy, really an activist in a very positive way and he asked for a meeting and we had a meeting and as you saw when very well. On election day what states are you going to travel to . I dont know i may be traveling on election day, ill give the answer in the next couple days, were doing a lot of traveling, we will do a lot of rallies, we have some big ones, were having a problem with some people in minnesota where they have a cap because biden goes there and he cannot draw anybody, just a few cars and they honked their horn, we have the biggest crowds in the history of politics and i think you will be witness to that because there have never been anybody that is ever had bigger crowds with more enthusiasm than we have, we have 25000 people in minnesota which is our last stop today, 25000 people want to be there and they say you can only have 250 people so they thought i canceled but im not canceling but we will find out what happens we have 25000 people in minnesota and theyre there because the angry at the riots and they know that i stop them but i stopped them after it was requested, very late they shouldve requested it two weeks earlier but theyre angry at omar, all of the stuff that is going on in minnesota and i think it will flip for the First Time Since 1972. [inaudible question] do you want me too answer that one . We will have a tremendous stimulus package immediately after the election, i think were going to take back the house, i think were going to do very well in the senate, little more complex frankly and i think we will have a fantastic president ial election. Because nobody has done more than this ministry should in the first three and half years. Theres never been in a president or administration more than we have for our farmers, manufacturers for everybody in terms of tax cuts for our military, what weve done for the military in 2. 5 billion, we will be completing the wall very shortly were up over 400 miles, nobodys done will be done even close, i think while the great election people will realize that thats what you have the big turn on the big crowds, we will stuart there you have it, moments ago at the white house, the president is leaving the white house on husband way to various Campaign Stop thes around the country. He he answered about a dozen questions, all told, at least a dozen questions were put to him x. He said, look, the economy this is for us, were a financial program, this is important he said, look, the economy in 2021 will be the best ever. Made a big point about saying that. He also said that after the election hes going to get us, get america, a tremendous stimulus program. Those are the two main points when he discussed finance that he was just discussing there with reporters. Before we go to susan whos got some more on this, i just want to draw a contrast. Roll the tape, please, of joe biden who emerged from his car in wilmington earlier today, walked across to a couple of reporters standing by, and he answered one question. He was wearing a mask, he answers one question. I dont know what that question was, it was something to do with how you doing, mr. President or mr. Vice president , and then he walked away. He did not there he goes. Thats it. About 30 seconds in front of reporters, and no other questions posed or answered. Hes gone. Finish nothing nothing about all the contentious subjects which he might have been asked about. No, he clamps down, he leaves. The president , by absolute contrast, answers anything and everything on frequent occasions. Now, what did you have to add . President trump said he might be doing more campaigning and Campaign Travel on election day. Stuart on election day . On election day. He saws theres been no final decision on where he will spend Election Night since we know washington, d. C. Will impose an earlier curfew. Also lets talk about the folks in the south, because President Trump calls the Supreme Court decision rejecting that republican bid to block North Carolina and a ballot extension to be crazy. The election should end on november 3rd. Stuart but he he did say were looking great, as in the trump campaign, looking great in North Carolina. Actually, he said looking fantastic yeah, fantastic. Stuart also really looking good in florida and pennsylvania, and those are absolutely key states. We did learn earlier this morning that joe biden is going to be campaigning probably on monday, day before the election, in minnesota and iowa as well as pennsylvania. Now, minnesota and iowa he should win. Why is he going back there at the last minute . Is he worried about it . Does his personal polls show something that hes getting worried about . Well, i cant tell you that, but i can tell you that the market all day long has been selling off. And were still selling off, especially the nasdaq and big tech. Withdraw, way down. Times up for me times up for me. Neil, its yours. Neil thank you, stuart, very, very much. Its about the cases. Really thats whats deciding the course of this market. The president might have dismissed some of them, but there are too many to wave away. 12 states reporting record oneday increases, and thats weighing on stocks right now. Looking at, among other things, the worst week before an election in american history. So well look at that a little bit more closely. Also on the dueling rallies that both the president and the man who wants to be president are planning today. Wisconsin will be a big focus of attention right now. Depending on the poll, its either a big lead for joe biden