Transcripts For FBC Varney Company 20240711

Of the covid tunnel. Two down, two to come, Johnson Johnson and astrazeneca. Thats the main reason for the big monday morning rally with the dow jones up about 450 points. Tao, 30000. If we gain 500 points the dow jones is at 30k, again in a one half percent. Smaller game for the s p and nasdaq slightly lower. That is the market. Love the rally. Hate this of violence. Trump supporters attacked in washington dc last night with tens of thousands rallying peacefully, but after nightfall violence. A limited Police Presence and virtually no mention about this in the Mainstream Media and so far no statement from the biden harris camp. Bernie sanders now says he has not met anyone who wants to defund the police. Has he talked to aoc . Editorial, the company ministration deserves credit for the Rapid Development of the vaccines. Republican states like florida deserve credit for opening their economies to get the country moving forward and democrat governors in new york and california and elsewhere deserve criticism for their insistence on delaying Vaccine Distribution in their state. Today that Biden Harris Team speak about the economy. Some reporters will be present. Lets hear some real questions about lockdowns, physical violence and defunding the police, please. Varney co. Is about to begin. Four, three, two, one , zero, ignition, lift off. And resilience lysis, not even gravity can change humanity was we explore one for all. Stuart again, excellent choice of music on this monday morning with a rally going on and not even granite gravity 50 can restrain humanity. As nasa makes that historic launch, space falcon 9 rocket lifted off 7 27 p. M. Eastern last night from the Kennedy Space center. It will reach the International Space center around 11 00 p. M. Tomorrow eastern time. On the rocket nasa should not mike hollis hawking, victor, sharing walker. The sixmonth mission is the first crew rotation flight on the Us Commercial spacecraft, thats the news. Amazing. Great news. Moderna says its Covid Vaccine is 94. 5 effective in the phase three study. Give me more, lauren. Lauren and thats more effective than pfizer which we found out about one week ago today. The difference is moderna does not need to be stored in as cold temperatures, just needs a regular freezer. It can stay at Room Temperature for 12 hours and they dont need to be diluted at the injection site. That means with doctors and nurses and pharmacies administering them, hundreds of millions of them, it will be easier to do. Moderna expects to get the green light from the fda next line and said this year it can produce 20 million doses. Stock up 13 . Stuart thank you. Here is doctor marc siegel with us now. We had to vaccines in the pipeline with over 90 efficiency. Can we now clearly see the other side of the virus . We can certainly see the beginning in a very positive way, stuarts. As a lauren said we may seek 20 million doses of pfizer and 20 million doses of the Moderna Vaccine before the end of the year. Health and Human Services set up an arrangement where pharmacy chains can distribute a vaccine. The vaccine they would distribute though, would be the Moderna Vaccine rather than pfizer because the pfizer one has to be kept at 80 degrees below zero centigrade and moderna can be tested freezers. The key thing Going Forward is to see if moderna can get the emergency use authorization to include that point i just made to be distributed so it can stay in freezers, not quite as cold and that makes it more usable in a smaller areas, pharmacies and doctors offices. Pfizer will go to big hospitals and other areas where they can keep it on dry ice or liquid nitrogen. Taken together its the beginning of solving the problem, hugely good news. The actual mrna itself only stays in the system for a short amount of time so even if you have side effects from the vaccine like flulike symptoms, goes away within 24 hours. I will convince you to take it. Stuart i shall take it and be pleased to take it and i think its terrific news all around. Thank you. Thank you. Stuart lets get to money. Look at that on the lefthand side of the screen, thats a rally. Keith, no doubt in my mind this is a vaccine rally your car you with me on this . Absolutely. The trade has shifted from a stayathome to get out and now its a stay out to what will enable us to live our lives again. Money knows that. Stuart 30000 on the dow jones baby today or tomorrow and from there upwards still going up from there . I think so. I think it will go radically higher because theres a lot of stuff in our economy that has not yet been measured. Hope cannot be quantified and people will go bananas when they can live their lives again and markets will reflect that. Stuart is it really that good, keith . I mean, i dont want to undersell the story, but we are talking about the end of the pandemic. We have it under control, thinks fine and dandy, isnt that good . Stuber, you always have to take things with a grain of salt, but im an optimist, you are an optimist. Do i want to believe and hope or do i want to hunker down with a sign that says kick me when its over. I want to live my life so i think the markets will reflect back. I think the world wants to be unlocked and unleashed it back to normal so i think the markets will rocket even higher as news breaks. Stuart what do you mean by rocket even higher . We are right close to 30000, where do we go from there . Its hard to put a number on it but if you look at moderna, if you look at j j, pfizer, video or palantir, new tech stocks, you have a situation where you can go mind gold or sell to the people who will dig for it. I would rather shell cell picks and shovels because those are musthave items and last time our checked our world needs technology, medicine, energy to make it go around the. Stuart great ways to start a monday morning. Keith, thank you for joining us. Next, nvidia, a great company. Always a big tech stock that has done well and now, susan, the avenue price. Susan 210 on the stock in the future. They say it will trade higher and we know its now the Worlds Largest chip maker, had an awful week last week, but again this is about profit taking from the winners during the locked down and they are still bullish on this stock. More than doubled so far this year. Definitely a winner. Longerterm analyst sake you have to pay up for future sales and its doing well in providing chips for future businesses like cloud, gaming, Artificial Intelligence representing the nearly 90 of its business which means theres a long way to go. Stuart we should put it on the list of big tech stocks along with amazon, alphabet and the rest because they are that big. Susan 300 billion and counting the Worlds Largest overtaking intel. Stuart put them on the list. Now, we have some Companies Reported already this monday morning, i think you have three big names for us. Susan big movers took mattress maker moving more money than anticipated. Covid hurting sales by disrupting supply chain and delaying deliveries of mattresses so the stock is down. Cyber Security Company apollo alto a winner making more money a forecast with sales coming in stronger and demand is so strong they will make more money for these higher your than anticipated. Covid means more people are going online whether shopping are working from home and Cyber Security needs has a spiked as well. After a recordsetting low, a name to recognized jd. Com. Number two sales player in china reported stronger online orders with last week one of the single largest shopping events on the planet and jd got more than 30 billion spent on their website, more than three times amazon prime day. A lot of people have bought into this stock because of covid. Stuart you got it. Profittaking, got it. Now this is a big week coming up for the retailers. Who kicks off the retailers . Susan walmart. You can see the big logo there are two biggest and largest retailer in america than in fitting from the shift to online and alamos analysts say they may have more than 19 million customers signed up on walmart plus. Thats their amp circuit thats their answer to amazon prime. Home depot has seen a big business of boom. Also lows, target wednesday and macys to finish off the week. The consumer i would say has been resilient this year during covid despite high unemployment. Less travel, less going out to eat meaning more money to spend on household items. Higher Unemployment Benefits helping as well , but i love to say a record in on the market 30000, for the dow jones. Stuart you may actually hit that level today. Profits are good. Retailer report later in the week and most of them are on the up side. What am i missing here . Susan its fantastic. Its been a while for the dow jones. Stuart and we havent mentioned politics so far. Politics is neither a negative or a positive. Its all vaccine and market. Susan did you know the dow jones outperform the nasdaq since the widest since 2002 last week. Stuart 460 up for the dow jones as of 9 30 a. M. What started as a peaceful march for President Trump quickly turned violent with trump people attacked and we have the video. No surprise here. Most Mainstream Media shrugged it off. We will have more on that later. House Majority Whip Jim Clyburn says movements like the fund the police are hurting democrats. Watch this. We keep missing that mistake. This is foolishness about you have to be this progressive or that progressive. Stuart thats the sound bite but if you ask senator Bernie Sanders he says he doesnt know anyone who was to the fund of the police. He says that now. I wonder how aoc feels about that. We are just getting started. This is varney co. On a monday morning. We have a rally to tell you about. Businesses today are looking to tomorrow. Adapting. Innovating. Setting the course. But new ways of working demand a new type of network. One thats more than just fast. You need flexibility to work from anywhere. And manage from everywhere. Advanced technology. With serious security. And reliable coverage, nationwide. Forwardthinking enterprises, deserve forwardthinking solutions. And thats what we deliver. So bounce forward, with comcast business. And sweetie can coloryou just be. Gentle with the pens. Okey. Okey. I know. Gentle. Gentle new projects means new project managers. You need to hire. I need indeed. Indeed you do. 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Thats golo. Com. Stuart more bullish news. Theres now a long list of bigname wall street firms which expect a new leg up for the market next year in the latest is Morgan Stanley. Susan its a v shaped recovery and thats good for stock market with Morgan Stanley recommending holding more stocks and buying more stocks and dont hold cash or Big Government that because it wont get you anything so they forecast gains of 9 from now until the end of 2021 joining goldman sachs, j. P. Morgan going to risk on for next year. J. P. Morgan predicts may be 4000 at the end of next year, up 23 from now and this is based on hopes of vaccines approved, government stimulus and divided congress, but i have to say 30000 is just around the corner. Stuart you just dont get so much abortion is all at the same time very often. Susan very positive. Stuart at this moment it is. We have Bernie Sanders who says he has not heard the fund the police, calls from his democrat colleagues. Watch this, please. Nobody i know whos running for office talks about defunding the police. We talk about making Police Officers accountable. Making sure Police Department to do with they can do best, making sure Police Officers arent killing innocent africanamericans. That is not defined the police. Stuart i think need dust protest too much. One of 17 republican women newly elected to congress. Command new york congresswoman elect. Congratulations, first of all. Did defund the police help you when . Definitely part of my campaign. My campaign was a lot centered on law and order and when theys here Bernie Sanders sake let the police do their job, they are taking away the resources for them to do their job and thats part of the problem. Mayor deblasio cut a billion dollars from the nypd budget and you hear people like alexandria ocasiocortez say thats not defunding, its never enough for the socialist and thats the problem. Stuart congresswoman elect, more than 300,000 new yorkers have reported in the last eight months with the virus getting to them in growing crime getting to them. How do you get those people back . First of all we need a new mayor. We need the mayor to work with us. We want to reopen our economy. We have to get people back to work. We know more about this virus than we did six months ago. As you mentioned, a vaccine is coming soon. We need to take the proper precautions. We cant continue to shut down our economy and have these burdensome mandates. Small businesses are getting killed by this mayor. They are basically shaking them down for violations and inspections constantly. They are really suffering and you also mention crime. We need to reverse some policies that have been put in place leading to skyrocketing crime in new york, murder, shooting, burglaries are up. People feel less safe so with accommodation on the quality of life, increase in crime. We need to reverse some policies that have been put in place under mayor deblasio. Stuart a few days ago Governor Cuomo said he would delay the vaccine because he doesnt trust the president , President Trump. President somme crumb said i wont send it to new york if you dont distribute it properly now cuomo says hes going to sue the president. Are we going to get a delay in getting the vaccine in new york because of politics . This is the problem cuomo crated for himself the reality is that it should not be political. Scientists and medical professionals worked overtime to get this vaccine, and we need to get it to the frontline workers and our most vulnerable as soon as possible. Governor cuomo should accept the vaccine like every other state and get it to our new yorkers who really need it. Stuart congresswoman elect, republican from new york city. Incredible. Congratulations. Great to have you on the show. Dont be a stranger. Thank you. Stuart show me the futures again because you will like this. Monday morning and we have a lot of green up 450 on the dow jones. Getting real close to dow jones 30000 this morning. We will take you there after this. Turn on my tv and boom, its got all my favorite shows right there. I wish my Trading Platform worked like that. Well have you tried thinkorswim . This is totally customizable, so you focus only on what you want. Okay, its got screeners and watchlists. And you can even see how your predictions might affect the value of the stocks youre interested in. Now this is what im talking about. Yeah, itll free up more time for your. Uh, true crime shows . British baking competitions. Hm. Didnt peg you for a crumpet guy. Focus on what matters to you with thinkorswim. May your holidays glow bright and all your dreams take flight. Visit your local mercedesbenz dealer today for exceptional lease and financing offers at the mercedesbenz winter event. Stuart if you are just joining us, stocks are soaring. Moderna has a vaccine that is says is nearly 95 effective. Stock is up. Charles payne joel joins us now. Charles, do you see light at the end of the covid tunnel . Yeah, i can absolutely. On sort of an optimistic guy. You know that, stuart. Even before the moderna news. More importantly the last week the market was loud and clear. There was a tug of war with the future of reopening, normalcy, vaccines versus current spike in the pandemic, you know record amount of cases and pretty clear by the closing bell friday that wall street was looking to the spring and summer and over this period of darkness followed by politicians and we see it again this morning. Stuart we are 27 minutes into our show this morning, and we have not really mentioned election, politics, president ial politics at all, just not mentioned it. Its not part of the theme today, is it . Its not and hasnt been for a while with this streak. A lot of legal challenges are out there but wall street hazard of accepted the notion of President Biden and Republicancontrolled Senate ahead of the anti what was interesting last weeks tour, before the Election Companies that posted earnings on average were down about 6 cents of the percent. Last week companies that beat the streak since the election, stocks are up almost 6 , six times the normal amount, just shows you how much there was a relief that there was no blue wave. It was reflected in the way the market reacted to earnings news, the way the market reacts to vaccine news. We know President Trump is more of a capitalist and the markets loved him, but at least there will be a massive brick wall to stop the worstcase scenario. Stuart do you think we still need a stimulus . I do. We have 21 million americans on some form of unemployment. To pandemic unemployment programs were up sadly led by the states illinois, michigan, new york and california with these actions so we have millions of americans over 21 million who are still on the out and that we could fix that quicker rather than let it go long term with unnecessary suffering. Stuart optimistic charles payne, we will watch you this afternoon at 2 00 p. M. Afternoon we have about 30 seconds before we open the market. And you will be pleased at the results when we open the market because we have a ton of green i think we have done this every monday morning for three or four weeks, suzanne. We are looking at green first thing on a monday morning. Susan record open today. You are pushing towards a dow jones 30000 with the dow jones outperforming the nasdaq at the widest rated 18 years last week. Stuart we will show you the biggest winners among the dow 30 wears this rally coming from . We will show you. Off and running up about 1 , a gain of 270 points , 305 points, 334 okay, its going up, folks. Well over 1 gain. Looking at all the dow 30 stocks and most are in the green. Four of them have downside moves and thats that apple and microsoft both down while almost all the rest of them up here dow jones up 1. 25 . S p, please. Comparison. Susan go for it. Stuart up 4. 76 for the s p and nasdaq, i have a suspicion it down its not. Susan better than premarket. Stuart flat. 07 up. Lets have a look at moderna. We have been showing you this all morning, up 10 with positive test results from their vaccine test. 94. 5 effective. The moderna news is ascending travel related stocks absolutely soaring ceo of expedia predicts a resurgence in tourism. When is the prediction for, actually . Ashley by the summer of next year, moderna peer they are saying they see bookings pick up her next summer for people who are optimistic about a vaccine that will open up the world again for travel as a result of the headlines from moderna. Look at these segments. United, jetblue, southwest, delta, jetblue up 5 . This is the kind of news they need. Cruise lines, carnival up a percent, all up nicely across the board and even walt disney up to a half percent. Lets look at hotels, only segments are up on the hopes lie can get back to normal with a vaccine. Marriott, windham and so on up three, 4 . Not bad at all. The question is every time a headline comes along that maybe we wont be of get the vaccine for another six months and then the stock dives. We are headline driven, but today lots of optimism with these travel stocks up. Stuart does that include the casinos . Lauren yes stephen i can see them up today. Lauren up nicely because we were starting to see a comeback of sorts with the casinos and then we had news of the resurgence and they started to hurt again. If we can get the vaccine people will travel again to places like las vegas. This is the kind of news that so many different sectors of the economy especially those of involving actually going outside the house, these are the ones that are benefiting from the news today. Stuart the open up stocks are doing well this morning. Of the other side of the coin is the stayathome stocks, guess they arent doing well . Susan they are not. Look at zoom, peloton, wrote two roku, investors are being some of the gains. Zoom for instance up 600 . Some of this money rotating into what we call value names, you know those underperforming relative to sales that money often going to smaller companies. Did you check out the russell 2000 last week, record highs took the money is still in the markets which is encouraging because it are not just going to cash, but other names instead. Stuart open up stocks up, stayathome stocks down. A big tech largely down. We must have some winners. Susan im looking at the financials in particular for some of the dow jones winners for instance j. P. Morgan up 3 . Some consumer names and also large industrials that have underperformed , so the caterpillars of this morning even disney up. Again, this is the rotation of money from big tech. Apple, amazon, microsoft of the world and going out further and i with a Broader Market rally is a good thing. Its a good thing for the markets overall. More stocks rally many more money going to other places and also i think it contains risk as well. Stuart on your screen is the winner amongst the dow jones 30 and now the winner amongst the s p 500, same kind of story. You open up the economy because you have a vaccine and these are the stocks that go up pretty much across the board. Susan noted treasury yields have gone up, not surprisingly. Stuart show me that. Susan here you go. We came off 50 basis points or say or five in the last week, but still elevated levels breaking through 1 for the first time in a long time. Stuart when that yield goes up its a signal money is going into risk assets, stocks and out of securities like 10 year treasury. Susan thats right and also Morgan Stanley is going bullish, 3900 for the s p up 9 from current levels at the end of next year with j. P. Morgan calling 4500, 23 in j. P. Morgan says we will get close to 4300. Stuart its a long time since i saw the big names on wall street so uniformly bullish about a year in advance. We have the treasury yield up. 90, price of gold up a dollar 80, still below 1900 per ounce. I think bitcoin is making news, 16490. Where his oil . Stuart 41. 75 per barrel, oil up. That is the state of play this morning. Oil up, gold up slightly, bitcoin is up and stocks rallying big time, up 330 on the dow jones six minutes into the trading session. Next, adam schiff breathlessly championed russia, russia, russia, but is changing his tune about investigations underage zero biden presidency. Watch this. I dont want to see us sacrifice the American People during this pandemic for the political interest republicans hope to gain stuart he was so big on investigating President Trump forever and now, well you dont want to do anything like that. We will have more. Speaking of hypocrisy, California Governor Gavin Newsom apologizing after violating his own virus restrictions. He was caught attending a Birthday Party with too many guests. Wornout story coming up and whole lot more. This year we got creative with our dollars. But with walmarts low prices, you still know how to do it up. And keep costs down. Lets end the year enjoying more. 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Experts believe the pandemic has brought forward the use of Digital Commerce by five , seven, maybe even 10 years with a recent survey finding three out of four people have tried a new shopping method and mount more than half of all consumers intend to continue using curbside service. One of the most popular is online streaming. Everyone is streaming their favorite netflix or whatever. Grocery delivery second. Restaurant delivery, store Curbside Pickup as well. Ecommerce is a share of us retail sales were up 16 in the Second Quarter from about 10 a year earlier so already 10 more. Another changes the way we pay for goods. Use of contactless Payment Method eliminating the need to swipe a credit card. Massive increase of double digits since the pandemic and a lot of people who were surveyed say they never realized how easy it was to do these things online, kind of a little nervous to try, but now they do it on a regular basis and say theres no turning back. Stuart actually, inc. You are talking about me right there. You would be correct. Real fast, show me Simon Property group. I think they are on the upside this morning. Yes, they are. They have revised their merger deal. This is about control of shopping malls. David berntsen knows more about this. David, top bouts Simon Property group with rising dividend yields and i think Simon Property group offers that. Is that right . Right now the cuts in Net Operating Income paying out at 7 yield in this news combined with the vaccine news going into mac 2021 is about as good as can be poor Simon Property. Stuart 7 yield that 79, 80 a share . Correct and remember its a publicly traded Real Estate Investment trust meaning dividend is 90 of its Net Operating Income and so they have to maintain that Net Operating Income. Simon property and we talked about this last thursday, has much less leverage than it did on its Balance Sheet going into the financial crisis. They have more financial flexibility. They are able to do better workouts with tenants, that they have had this lawsuit hanging over them and they have settled that and they are getting the deal at 18 reduction in price. Its worked out well for simon shareholders. Stuart 7 dividend yield, i will take it. Thank you for being here. Next, we are than a brion bitcoin guy, douglas, a cryptocurrency guys the best way to put it took douglas, it seems to me the cryptocurrency has come of age. Am i right . It certainly feels that way. City back citibank today was talking about it and thats a good thing your 300,000 by the end of next year per j. P. Morgan is talking about it, paypal discussed it and they have all the users of paypal can start buying and selling cryptocurrency so it feels that way, but for corporates as an outlier micro strategies changing the reserves from us dollars into bitcoin, but its still not that mainstream and if you do a Google Search today it hasnt changed at all from a month ago. Its nothing like it was in 2017 sp1 and yet its entered our daily lives. There was one Payment System where you can actually buying and selling and bitcoin so its like a real currency. I would call that a real advance. Absolutely with a huge advancement in terms of people using it and cases for its. We are doing an ipo now for our security and for the first time its a registered security that you can buy with bitcoin or theory of or usdc and its never been done before. Stuart what did you say the beginning of the interview about did you say some wall street firm what did you say the prediction for bitcoin, did you say 300,000 . Thats right citibank this morning said they believe it will reach over 300,000 by the end of 2021. Stuart what is their reasoning for that . I have not read the reasoning. Im excited about the big number, but i think its about adoption and you see it not by just individuals but also institutions making a part of their portfolio and not just institutions, but corporates changing their reserve from the us dollar in two bitcoin another and the reason is simple, you are discussing the assets going up in price. They are going up in price because the thought that the government will print money to get us there and support the economy and if thats the case of folks want hard assets to hold onto that cannot be inflated and i think bitcoin is one of them. Stuart douglas, thank you for joining us here dont be a stranger. On interested in this. Thank you. Thank you. Stuart next we have worried the dow jones is up 330. Doctor Anthony Fauci showing optimism when it comes to the virus. Lauren, what is he saying . Lauren he is saying hang in there because the end is near. Listen. There is light at the end of the tunnel. Help is coming and that should, i believe, motivate people to say we will double down and do this uniformly. People are worn out about this, but we have to hang in there a bit longer particularly into the holiday season. Lauren the holidays will be key thats when people gather together, so doctor Anthony Fauci and joe bidens team over the weekend to said National Lockdowns likely not in the cards and now with these two promising vaccines and just adhering to social distancing a little longer the doctor thinks that the us could be back to normal, april because thats when the mass vaccination is slated to begin. Stuart yeah, thats a real showstopper, by april back to normal if the vaccines kick and thank you. Next, did you see this . Violence breaking out at the million maga march of the weekend. Media mostly silent. What about joe biden . Why hasnt he condemned the violence . With the trump 20 campaign here to react. The omar has a sobering reality check on white a blue wave never happened or quash this. Democrats are the party of every hypersensitive social Justice Warrior woke [bleep] story in the news. Stuart well, well, well. Joe agrees with that and he will joe me later in the show to discuss more fully. We will be back. Businesses today are looking to tomorrow. Adapting. Innovating. Setting the course. But new ways of working demand a new type of network. One thats more than just fast. You need flexibility to work from anywhere. And manage from everywhere. Advanced technology. With serious security. And reliable coverage, nationwide. Forwardthinking enterprises, deserve forwardthinking solutions. And thats what we deliver. So bounce forward, with comcast business. Stuart look at this. Could that is moderna stock up 7 after announcing its virus vaccine is nearly 95 effective. Doctor max mccarthy back with us. The great advantage of modernas vaccine is actually that you dont have to freeze it and you can refrigerate it. Thats a big deal, is it its a huge deal. One thing is that vaccines dont save lives, vaccinations do so what we are thinking about is how to do we get these potentially lifesaving vaccines into the arms of the people that need them and what you see from the moderna data is frankly something we never expected. We were hope seen hoping for may be something 60 effective and to see 94. 5 to date , i mean, its astounding. Could dig into the data bit and what they are telling us his there were 95 people that developed symptomatic covid in the moderna study and at 90 of them were in the placebo group. Only fiber in the vaccine group, incredible news. I want to see the full data, but this is really good news is. Stuart doctor Anthony Fauci says we will be back to normal by april of next year if the vaccine is distributed and used. That sounds pretty optimistic. What do you think . Thats incredibly optimistic. I have a feeling if you have me on your show april 1, we wont be back to normal. It will be the beginning where we can start vaccinating people. Somethings we dont know yet are will people return for their second dose. Its a two dose vaccine and how long does vaccines protect you . Is this a durable immune response or do you need another shot six months, nine months later im optimistic that 21 will be better than 2020, but im not willing to say we are back to normal in april. Stuart just so long as we can see the other side of this virus would be good news in these. Doctor, thank you for being with us on these weeks. You have given us extra knowledge and we appreciate that. Heres whats still ahead for you on this monday edition am varney co. Louisiana senator john kennedy, karl rove, nigel frosch on the show, but first i took a trip to florida this weekend. It was a very quick trip, but the difference between new york and florida was day and night. My take on that trip next. To support a strong immune system, your body needs routine. Centrum helps your immune defenses every day, with vitamin c, d and zinc. Season, after season. Ace your immune support, with centrum. you need to hire i need indeed indeed you do. The moment you sponsor a job on indeed you get a shortlist of quality candidates from a resume data base so you can start hiring right away. Claim your seventyfivedollar credit when you post your first job at indeed. Com promo stuart i live in new jersey and i work in new york city. This weekend i took a very short, less than 24 hour trip to florida. What a difference. Like day and night. I start with that. Okay, i spent less than 24 hours on the east coast, im sorry on the west coast of florida. I drove around a lot. Got a good look at everything. Apart from people wearing masks, you would not know there was anything unusual going on. Stores open, mauls open. Parking lots full. Plenty of traffic on the roads. Here is the real eyeopener. The restaurants looked full and people were eating and drinking shoulder to shoulder at the bar. That came as quite a sock h shock. Governor the florida is ron desantis who is republican that opened up the state. The governors of new york and new jersey and the mayors of new york city are democrats. Theyre actively piling on new restrictions, it shows. The cold weather here shut down many outdoor eating areas. Stores are counting to how people are inside. Were getting ready for severe limits on thanksgiving celebrations. Everywhere seems quiet. Estimated 300,000 people have left new york city. Parent have to check daily to see if the schools will open. Anxiety is very much in the air. Florida seemed positive, upbeat and forwardlooking. The new york area seems negative, withdrawn, backward looking. You have to ask, how long people are going to put up with the restrictions in these democrat run states. The holidays are almost here. Some of us are being told to hunker down, keep the family at arms length. Mass anxiety is not politically popular, you know. The open up states especially florida, are flourishing. One roundtrip less than 24 hours, very revealing. The second hour of Varney Company is about to begin. Baby youre a rich man, baby youre a rich man too stuart oh, dear, oh dear susan li. Sitting next to me shaking her head. No, she doesnt know that song. Never heard of baby youre a rich man. Our anthem. Susan i heard of the beatles. Isnt that good . Stuart were gratified. We have a rally on our hands. Not quite as strong when we opened up the market. Were still up 294 points for the dow. Nasdaq up 50. S p is up 23. A big part of this is moderna. Their Covid Vaccine is 94. 5 effective. What more do we have on this, lauren . Lauren in the span of one week, moderna and pfizer have been out with results showing vaccines of 90 efficacy. Both are prepared. They get the shots toe tens of millions of people by the end of the year. Modernas shot likely administered at the pharmacy. It doesnt need to be stored in cold temperatures or i should say as cold temperatures. Pfizer that one needs to be deep freezed. That is likely going to the hospitals. Johnson johnson, theyre expecting results soon. This is the oneshot vaccine but i do have to tell you today they began testing a two dose regimen, they want to see if you get two doses will it even be more powerful . One more, astrazeneca, theyre expecting theyre results this year. Those are the four u. S. Frontrunners. There are about a dozen drugmakers worldwide in latestage trials right now. Well get more than winning vaccine. That is very good for the world in just neying this, putting a nail in the covid coffin if you will. Stuart nicely put. Very positive news across the board, i will put it like that, lauren. Dennis gartman joins us this monday morning. Dennis, the market is obviously rallying. Is this just about the vaccine are or there more positives out there . Add it all up for us, dennis. Obviously the vaccine news has taken the dow futures beingp 200 earlier today, to being up 300, 4 hundred, 500, at one time. Clearly the vaccine news is responsible for goodly portion of it. What is driving this thing higher, the monetary authorities have been, are now, will continue to be expansionary. I said last week on the show, two weeks ago, three weeks ago, this is not a new circumstance. This is not one off for the fed. This is the bank of canada, the bank of england. Ecb, peoples bank of china, russia. Everyone is monetary expansionary. Well probably have fiscal expansions problem sometime after the turn of the year. If youve been fading the stock market you have been wrong. There are times i have been bearish stocks. This is not the time for the last month. Stocks prices are going higher. The monetary authorities want to remain expansionary, the news from the vaccination circumstance, moderna is new. We had pfizer last week. Astrazeneca is coming there will be 15, 20, before they are down. Stage is set for markets move from lower left to the upper right. Its a strong bull market. Stuart what should i do, dennis . Given my age, standing in the financial world what should i do . Given that were both about the same age and neither of us understand technology i like the, you heard me say it before i say it again i want to own the things if i drop them on my foot will hurt. Things are working right now, banks, steel, copper, the miners, very simple, very inelegant businesses that are responsive when the economic environment goes upwards. So i want to own simple things, dividend payers. That is what i think you should be doing too. Banks are very, a really something we should pay a lot of attention to also, given the fact that the monetary authorities have been expand sun airy. They will keep the overnight rate at or near see row. The back of the yield curve is moving higher. That is a wonderful environment for the banking industry. Stuart i will check out your advice. I will check out the banks and maybe put money in banks for the first time in my life. Dennis gartman, i think he wants to Say Something but were out of town. Talk to you next week. Stuart you got it. The million maga march in d. C. This is a headline here, it turned truly violent. Counterprotesters flatout attacked Trump Supporters. Watch this. Fireworks fireworks fireworks [shouting] hey. Stop. Stop. Stop [shouting] back up. Back up. Stuart lets be clear. Trump supporters were attacked. Get that straight here. Edward, Edward Lawrence that is, youre standing next to the business where those fireworks were set off . Tell me more. Reporter exactly. Folks were sitting outside on the sidewalk here and thats when counterprotesters those who did not support President Donald Trump started firing fireworks at people eating on the sidewalk. Also at protesters, those who did support President Donald Trump. This million megamarch drew thousands to the washington, d. C. Area right in this area near the white house. Everything was fine until the sun went down. You saw the scenes there. You had counterprotesters suckerpunching protesters. You see some of the video on social media. It was a little hard to watch, some of this video as you saw the attacks were happening as they were going on. D. C. Police arrested more than 20 people related to incidents across this area and several block area around the white house where we are here. Again, d. C. Police are still looking for others involved in at least one incident where a counterprotester, someone who supported President Trump was knocked unconscious. D. C. Mayor Muriel Bowser will have a News Conference in about an hour or so she will likely be asked about this, stu. Stuart yes, she will be. Thank you very much indeed. Bring in kelly sadler. Kelly, i will put on the screen the fact that there was virtually no coverage in the media of this violence last night. What do you make of this . It is a disgrace, isnt it . It is an absolute disgrace and you know the Mainstream Media has their narratives. Their narratives what they stick by. Doesnt matter what is actually happening on the ground. The Washington Post had a headline saying that trump is ending his presidency the same way he started it with a lie. The whole story focused on Kayleigh Mcenanys tweet saying there was over a Million People came out on saturday. Oh, oh, no. It is only thousands. This is what they focus on. If you look at the new york times, their coverage was like, yeah, there was this protest but there was some proud boys agitating we couldnt really decipher what ways the crowds were coming down on. Look at covington the narratives were switched. These are biden supporters. At night Trump Supporters came out and attacked them. We saw what happened with the covington schoolboys, how that was a threeweek media narrative. Because this doesnt fit what they want to say that is negative towards the president theyre just not going to cover it at all. Stuart it will not change, is it . I see no likely changing whatsoever. The media has sold its soul. Absolutely. Joe biden saying antifa is just an idea. The media says that as well. We saw the protests in kenosha, riots in portland, cnn reporters standing on the street with literally buildings burning behind them, this is mostly peaceful. The American People know what is going on. We dont buy any of it. Stuart there will be a statement this afternoon from the bidenharris team, joe biden and Kamala Harris are together talking if the economy. We understand that some reporters will be present. I just wonder if any reporter from any, i mean, will any reporter just stand up and say, what about defund the police . What about the violence against trump people . Do you think it is going to happen . Do you think the media will actually ask a decent question this afternoon . No. I dont have any hope in the media anymore, stuart. I am sorry to have to say that a lot of people in Mainstream Media have totally bought into the biden campaign. Joe biden saying he wants to unite this country. He means unite the country, if you believe what we believe, if you dont believe that, we need to silence you. Stuart kelly, thank you very much for being with us on a day like this. We appreciate it. Thank you, stuart. Stuart sure thing. Now then, im going to show you that guy, mr. Acosta, jim acosta. Roll tape, please. We have to Pay Attention to those tweets. Now andersen, is the president. After january 20th he goes back to being another crackpot on the internet. Stuart there you go. How cute. Another crock pot on the internet. Joe concha is on the show next hour. Also on the show, senator kennedy, karl rove, the second hour of varney rolling on. Businesses today are looking to tomorrow. Adapting. Innovating. Setting the course. But new ways of working demand a new type of network. One thats more than just fast. You need flexibility to work from anywhere. And manage from everywhere. Advanced technology. With serious security. And reliable coverage, nationwide. Forwardthinking enterprises, deserve forwardthinking solutions. And thats what we deliver. So bounce forward, with comcast business. Stuart we still got a rally on our hands, it is still strong. Up 335 on the dow, up 55 on the nasdaq. Some travel names. Look at these, norwegian cruise lines, jetblue, intercontinental hotels, theyre all trending postively. That would be true of the entire travel industry because of the very positive vaccine news. I want to show you some stayathome stocks not doing so well, actually, susan they were down earlier. Susan a lot more than this. This is comeback. This is encouraging because we know that the has underperformed d widest gap in 18 years. The fact we have money rotating in buying stayathome stocks, buying the plays undervalued compared to their earnings, that is encouraging. We know 44 billion according to bank of america has gone into u. S. Stock market funds over the past week. That is a record amount. There is recognition with two vaccines on the horizon, recovering u. S. Economy, congress, more stimulus to come, you cant miss out whether Technology Names whether u. S. Equities broadly. We will for the last time money staying in stock markets not selling buying in. That is encouraging. That we could get to the record levels that some of the wall street banks penciled in for the end of next year. The stock market rally is very strong. Susan no one is selling to buy. That is encouraging. Money coming into u. S. Stock markets. Stuart nasdaq up 60. Dow up 330. We will take it, susan, thats a fact. Susan yeah. Stuart get back to a little politics. California Governor Newsom apologizing for getting busted at a Birthday Party . You know the French Laundry in napa county. Governor newsom attended his good friends 50th Birthday Party last weekend. 12 people attended, likely because nobody is denying this, from more than three different households. That is in violation of the limit Governor Newsom set for the state. Look the celebration was outdoors but Governor Newsom is admitting, going there, poor judgment and he says he is sorry. There you have it. Another politician going against what they advise and set for other people to do. Stuart seen that movie before. Thanks, lauren. And then we have the governor of washington state, jay inslee issuing a fourweek stay at home advisory i think it is, as opposed to a order. I think it said advisory. Oregons governor kate brown, issued a twoweek freeze, ashley. Interesting, violators face a fine, is that the story . Ashley that is right, a fine up to 1250 bucks, or they can spend up to a month behind bars. Gavin newsom if he was in oregon. Youre right, Oregon Governor kate brownish issued a twoweek freeze, prohibits indoor and outdoor gatherings more than six people from two separate households the directive also means that restaurants and bars will have to reduce their business to takeout and delivery options through early december. Gyms, museums, skating rinks will be required to close for two weeks. Oregon has seen daily active rate has doubled the last few weeks. Stuart they will have an enforcement problem. I can see it from a mile with the holidays. New jersey is tightening restrictions. What is the governor saying there . Susan starting on november 23rd since you live in the state of new jersey, they will limit the maximum to 10 people in these gatherings to stop the spread of covid. Outdoor gatherings, maximum of 150 people since it is outdoor, more openair. Current lives are limit rooms capacity. Up to the 150 mark. Were talking about religious services, celebrations, weddings funerals, it is being capped. Stuart that is all 10 people . Susan indoors, yes. Stuart indoors, weddings and religious services the whole ball of wax, 10 people, that is your lot, new jersey . Susan new jersey for you, starting november 23rd, mark the it on the calendar. Stuart thank you, susan. Lets change the subject. Lets talk about the Georgia Senate races. Senator beyond kennedy joins from senator from louisiana. What is the state of play now. It is vital republicans win those two seats. Stuart, if we lose georgia, by we, i mean the Republican Party that means senator sanders, senator schumer, Speaker Pelosi congresswoman ocasiocortez are in control and let me be blunt. They will beat the crap out of america. They will, if you, they will bassally try to run america like they run the Democratic Party runs chicago. Stuart what happens to how does the race look at this moment . I think it is deadeven. You know i read some of these pollsters who say soandso has a slight advantage and soandso has a slight advantage and, i dont think anybody trusts our pollsters anymore. I think it is deadeven. We start, everybody having equal chance. I trust the people of georgia but i would have to look them in the eye say, look if you get the Senate Control to Bernie Sanders, then, you can thank him when youre old and eating cat food out african. That, he will wreck this economy and he will wreck the country that, that we cherish. Thats my opinion. Stuart we hear it. It will be broadcast in georgia. That is a fact. Senator, i want to ask you about the biden cabinet. We hear that democrats dont want members in the house or the senate in that cabinet because that would risk losing their majority in the house and, some of their votes in the senate. That seems to be a real admission that they failed in the election two weeks ago. What do you say . Well they did fail. I know the president ial race is still being litigated. If you look what happened in the senate and what happened in the house, there was no blue wave. You know, people dont always vote like theyre told. When the Mainstream Media and the leadership in the Democratic Party treats people like theyre morons and then get pollsters to go along sometimes people dont listen and they didnt listen. And the American People dont want to be socialist country. They dont want open borders. They dont want to be a country that celebrates abortion. They, they like their jobs. They dont want 52 weeks of vacation a year because the Democratic Party is bankrupted their employer. And they voted accordingly. Stuart do you relish the prospect of the elections in 2022 . Well, yes. Im up. We have more republican up for reelection than we had democrats. I think our message, my message anyway, im very comfortable in my own skin, i know who i am, i know what i believe and i dont believe that others shouldnt have their right to say what they believe but, but this is america. Im going to, i believe in the American People. I dont believe in government. I know we have to have government, i think it is government, it is, the American People that made this country great, not government. Stuart is the Republican Party still President Trumps party . I think, yeah. I think right now President Trump has enormous influence. President trump is the leader of the Republican Party right now. Unlike frankly, mr. Biden. I mean mr. Biden is a sort of the titular head, more like the vessel. Senator sanders is the prophet of the Democratic Party. Stuart i hope i never cross you, senator. I will never be a socialist. I wilt never have reason to argue with you. There you go. Stuart, you are what cool looks like my friend. Stuart oh. Would you like to coanchor the show the next 20 years, my friend . My advice to you very simple, buy low, sell high. You will be fine. Stuart i think i can do that. Senator kennedy, always great, thanks for joining us sir. Thank you for having me, stuart. Stuart yes, sir. Now heres a dose of hypocrisy for you. Adam schiff, critizing republican probes into the Biden Administration. Oh, watch this. It is just tearing down our democracy. They will continue to try to go after joe biden, delegitimatize joe biden. They wont be interested in getting things done. Stuart and what on earth did he do to President Trump . Has he forgotten russia, russia, russia. Well have more on that. Progressives calling on joe biden to forgive student debt. Will he cave to that . Im asking the question to someone who knows, after this. New projects means new project managers. You need to hire. I need indeed. Indeed you do. The moment you sponsor a job on indeed you get a short list of quality candidates from our resume database. Claim your seventy five dollar credit, when you post your first job at indeed. Com home. 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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S. Technology from exploitation by chinas military. Think of the executive order they signed last week, barred Investment Funds buying into specific 20 companies that work for the chinese military. Countering illegal fishing. More sanctions against communist Party Institutions or officials causing harm in hong kong or the far western region. This is. Stuart what would biden do if President Trump puts hardline things now. What will he do later . Susan there you go. Stuart we dont know. There are far fewer foreign students enrolling in american colleges. Im sure that poses a financial problem to the colleges but ashley, how big of a drop in foreign student attendance are we seeing . Ashley prior to covid it was 1. 8 that trop by the way was still the biggest drop in the reports that cover this 70 year history and biggest drop in 16 years. No it wasnt covid as i said. The educators, the world of academia blamed donald trump what they call unwelcoming message through harsh immigration policies. But as you look ahead, International Enrollment expected to dive 43 yearoveryear because of the pandemic. Nearly 40,000 International Students have reportedly deferred enrollment. Of course as you pointed out, stu, that puts a big dent in revenue for Higher Education that relies heavily on international tuition. Where do the most students come from . China. Around 372,000 students. Number two, india, with 193,000 students. But there you have it, covid having an impact on the number of International Students coming to the u. S. Stuart down 43 . Ash, thank you. Progressives are calling on joe biden to cancel all student debt. Hillary vaughn in wilmington, delaware. Hillary what is bidens student loan forgiveness lan . Reporter stuart, president elect biden would not forgive everyones debt completely but would forgive a large chunk of it for everyone. 10,000 would be cut down from everyones student loan balance, according to his plan but for people who went to public universities or hbcu, making 125,000 or less every year, their student hope debt would be come completely forgiven. One calculation that would essentially bring 10 million borrows balance down to zero. It would also cut overall Student Loan Debt by a third through that plan. Right now there is about 44. 7 million borrowers with Student Loan Debt with an average of 32,000 but the big question here, biden would need to do this through congress but he is looking at a divided congress where republicans are poised to maintain the majority in the senate. So thats a pom for him because he would need to find another workaround. Progressives said you can amend the Higher Education act to get dont loan debt forgiveness, cancellation through but biden has note yet signaled he would be willing to do that but it is very clear that in Office Progressives would pressure him to do that. So i reached out to the Transition Team to see if that is something theyre considering doing and im waiting to hear back, stuart. Stuart waiting to hear back. Hillary, thank you very much indeed. Lets bring in Cabot Phillips on this. Cabot, what do you think impact, if joe biden gets the plan through somehow or other and nockten thousand bucks of all student loans, what would impact be . It would be great if we lived in fantasyland which the democrats live. They subscribe to the Harry Potter School of economics you wave a wand and make billions of dollars of debt disappear and dont take into account who pays for it. This is idea radical for decade. In the modern Democratic Party radical is new normal. President elect biden will face a huge challenge. The far left will hold him to this. They will say you have to do this because it is the campuspassionate thing. All the students, not taking into account all students basically paying off their debt and werent relying on other people to do so but the biden camp will face the pressure from the progressive movement. Chuck schumer came out the day after the election, president elect biden one of thinks first things in office snap his fingers take away 50,000 Student Loan Debt for all students if he didnt win the senate. That is shows how important the race is. Without it he will have to nibble at it with executive orders. If democrats win georgia it will be a wholesale change this thing will have longlasting economic impact. It will do nothing to help the future of our country. Stuart now one thing i really want to talk to you about is norway. What is this about people in norway could be jailed for what is deemed offensive speech. Yep. Stuart tell me about that one because thats a shock. They changed their penal code in norway if you lose certain language that is offensive you can go to jail. Up to three years for offensive speech in public, one year for offensive speech in private. I wrote an oped on the daily wire. This is coming to america, stuart. We talk about how the left idolize scandinavian countries, they idolize europe. These policies come to america because of the data and direction of our culture with regard to speech. Look at the data, 47 of 18 to 40yearolds say there should be legal punishments for quote, offensive hate speech. 59 say there should be a constitutional amendment to ban hate speech. 8 of College Students say speech that is amounts to violence. At some point in the future the left will push the idea there should be legal ramifications for offensive speech. They will do this under the banner of being antihate speech. We can all be antihate speech, right, we need to protect margalizeed communities, use all the buzzwords. Anyone that speaks up for offensive speech, no this is america, we have freedom of speech. They will be labeled bigots, prohate speech. Labeled people that care about anyone in america. They will use cancel culture to push it. There is a day when that comes there. I think it is important to prepare for that now. Stuart what a brave new world. Cabot, thanks for being with us. Thanks, stuart. Stuart new york city Public Schools are seeing a mass exodus of students. I believe it is what, 31,000, lauren . 31,000 students exited the Public School system in new york . Tell me more . Lauren that is just so far. Were seeing parents continue to pull their kids out. Theyre sending them either to private or parochial schools, keeping them home, homeschooling them. Theyre moving out of new york city all together. So mayor de blasio threatening to shut classrooms if infections in the city hit that 3 Positivity Rate. For new york state it is three times that. It is 9 . So parents are in limbo. Yesterday they found out the rate is now at 3 . If schools are open today, theyre open tomorrow too, what about the next day . It is day by day call. How do you plan for anything . How do you figure out if you go to work or watch your kid hopping on zoom education for the day . So its a mess. Not just in new york city but in chicago l. A. , miami as well. Parent pulling kids out of Public School system. Stuart imagine being a working parent you have to look for a tweet to tell you whether the students are open or not. How do you run your life like that . Youre in a state of limbo. Lauren stuart the Positivity Rate in the schools is frack ahnal. It is the area that is showing higher Positivity Rate. Because after deal struck to get schools open in the first place, the deal with the unions, everybody feels comfortable with the 3 rate but that is not the rate in the specific schools themselves. Stuart wild stuff lauren, thanks very much indeed. Well go back to the Trump Supporters violent i attacked by counterprotesters. The Mainstream Media silent on this. Joe biden silent so far. Well hear from the Trump Campaign about it next hour. Former President Trump doesnt take trump seriously when he touts his success in the black community. You will hear all about it next. We love the new apartment. The Natural Light is amazing. Hardwood floors. There is a bit of a clogging problem. clog dancing at least geico makes it easy to bundle our renters and car insurance. Yeah, helping us save us even more. For bundling made easy, go to geico. Com 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. Stuart president obama dismissing President Trumps claims he has done more for the African Community than any president since abraham lincoln. Here is what mr. Obama had to say about it. Roll tape. It is fair to say there are many things he says i do not take personally or seriously although i think they can often be destructive and harmful. Stuart look who is here, janelle king, speak georgia, cofounder. Janelle, has President Trump done more for the Africanamerican Community than president obama . What say you . Well i have to start by saying you know there are many black people that dont take president obama seriously, and the reason being it is because he served as more of a symbolic representation of, you know the black leadership or black administration, what it would look like. He didnt actually do anything significant for the black community whereas President Trump has. You know, if you look at the data president obama lost black votes during his second term where President Trump gained black vote during the second election. So im super excited to see what the president has done. I know that, this shows that the president , President Trump has earned the black vote whereas president obama more so inherited it. Stuart next one. I want to talk about the Georgia Senate races. Does it break down as follows, rural georgia, heavily republican, urban georgia, heavily democrat and theyre evenly split, is that how it works out . So i dont know if i would say it is evenly split. There was a time rural georgia was definitely more red and it is still more red and more republicans in the state. I do know that a lot of people have moved into the state and that is what reflective what is happening in Metro Atlanta or the urban areas. So there is definitely a divide. There are definitely two georgias. What i like to explain to people is that when you start to focus more so on the needs of the people and the American Dream and freedom, that is the message that resonates in the state of georgia. What doesnt resonate is this message coming from warnock and ossoff, this whole idea that we are so divided yet 50 of the population went for the Republican Party and 50 went for the Democratic Party and that we increased the black vote on the republican side so this whole notion of so much division, defunding the police, tearing down the economy, all of that is not a message that resonates here in georgia. That is why im confident that senator loeffler and senator david perdue would do just fine in the upcoming election. Stuart the election is january the 5th. Janelle king, thanks for joining us. See you soon. Thanks for having me. Stuart then there is this, bill maher blasting democrats for failing to secure their blue wave. Watch this. Democrats are the party of every hypersensitive social Justice Warrior, woke [bleep] in the news. Stuart you catch that . Joe concha has a lot to say about it. He is on the show in the next hour. First, adam schiff now says congressional investigations are bad for the country. This is the same guy who pushed russia collusion claims for four years. Well discuss that coming up. For over 30 years, lexus has been celebrating driveway moments. Heres to one more, the lexus december to remember sales event. Lease the 2021 rx 350 for 419 a month for 36 months and well make your first months payment. Experience amazing at your lexus dealer. 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D to lose weight, thats exactly what these people thought. woman i lost 75 pounds with golo. announcer nambu lost 48 pounds. Hannah lost 60 pounds. And graham lost 131 pounds. How . They went to golo. Com. Now its your turn to lose weight quickly and easily with golo. Head to golo. Com now. Thats golo. Com. Stuart im going to call this hypocrisy. Adam schiff calling republican probes after Biden Administration obstruction. Watch this. It is just tearing down our democracy. I do expect in the new congress that, yes, they will continue to try to go after joe biden, delegitimatize joe biden. They wont be interesting in getting things done. Stuart look who is here to comment on that, our old friend karl rove. Karl, how does congressman schiff say stuff like that with a straight face . I think it shows he has a lack of selfair awareness. He doesnt remember what he said or done the last four years. I love the partisan tone President Biden is trying to establish and schiff dismisses republicans as doing anything positive for the country. I got to tell you is exemplar of states manship and conviction and the guy obviously is constantly saying things that are in keeping what he has said and done in the past. Sarcasm doesnt translate very well on television. It was a jawdropping performance by mr. Schiff on joy reid. Stuart sarcasm works for me, karl, and it worked for me when you just used it. Lets go. You say the election result will not be overturned, what do you think President Trump should do now . Well look, he has every right, i think it is important for the system to carry through these legal challenges and let them be resolved. He raised these issues. He made claims. His people made claims. The country, he deserves the opportunity to be heard in country. Frankly i think the country has the right now to have these ajudicated in court. I just, look shuns have been overturned. In last 50 years, three statewide elections, two involving senate races one involving a governor have been overturned in a recount there were less than several hundred separating the candidates. Not 36,000 votes in nevada and 11,000 votes in georgia and 6,000 votes in pennsylvania. For the sake of the country, lets go forward, resolve the issues. Lets stand by what the court tell us are the results. Stuart if the no, if the votes are not overturned in sufficient numbers in any one state to change the Electoral College total, should the president then concede . Look i think it is in his best interests, more importantly in the countrys best interests that we have, as we have for several hundred years a peaceful transfer of power. That is not always to say it is friendly. John adams got out of town the morning that Thomas Jefferson was to be inaugurated on march 4th, 1801. John adams caught the Early Morning stage north to boston. We havent had warm and cozy, everybody together, but in the modern era, even rivals as intense as Herbert Hoover and fdr found themselves on the same car riding to the capitol. Even rivals as strong as jimmy carter and Ronald Reagan found a chance to shake hands and meet in the white house before the new president took office. I think it is good for the country. If donald trump harbors ambitions to run gone in four years it would be good for him. People like a comeback story. They dont like it when people, are sore losers and conceding, not showing up to the festivities, not helping a peaceful transfer, transition, Successful Transition from one administration to the other will be thought by some people not in keeping what they expect of the president of the united states. Stuart okay. We hear you. Karl rove, thank you very much for being on the show today. Always a pleasure. Thank you. Thank you, stuart. Stuart you got it. Weve been telling you about the great vacs scene news this morning. And now, the grocer, grocery chain, stop and shop has Vaccine Distribution plans. A key point, please . Susan the key point is at no cost. That is the point. Stuart free. Susan one of first pharmacies to sign up for the vaccination plan. Stop shop says it is no cost for customers that come in. Who pays for it, in conjunction with the hhs it will be the government, right . Pharmacies say we should get it for three to for our customers as well. Stuart sure. Doesnt that blow out the government deficit and spending and budget . Stuart a lot of things blow out the deficit. Thats for sure. Youre right, when stop shop says we have plan, it is free. Everybody else jumps on board. It is free. Susan the flu shot is free at all pharmacies. Stuart it is correct. Big show coming up. Steve moore will be with us. Nigel farage back again, erin perrine and joe concha all on deck. You have will have my take on todays market rally. 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Com, thats aerotrainer. Com. But when i started seeing things, i didnt know what was happening. So i kept it in. He started believing things that werent true. I knew something was wrong. But i didnt say a word. During the course of their disease around 50 of people with parkinsons may experience hallucinations or delusions. But now, doctors are prescribing nuplazid. The only fda approved medicine. Proven to significantly reduce hallucinations and delusions related to parkinsons. Dont take nuplazid if you are allergic to its ingredients. Nuplazid can increase the risk of death in elderly people with dementiarelated psychosis and is not for treating symptoms unrelated to parkinsons disease. Nuplazid can cause changes in heart rhythm and should not be taken if you have certain abnormal heart rhythms or take other drugs that are known to cause changes in heart rhythm. Tell your doctor about any changes in medicines youre taking. The most common side effects are swelling of the arms and legs and confusion. We spoke up and it made all the difference. Ask your parkinsons specialist about nuplazid. Its been a strong bull market. Its probably going to continue. Last week the market was loud and clear. We were hoping for something 50 or 60 effective. To see 94. 5 today is simply astounding. We may end up seeing 20 million doses of pfizer and 20 million doses of the Moderna Vaccine before the end of the year. This is the beginning of solving the problem. The trend has shifted from stayathome to get out. Now its to stay out. People will go bananas when they can get out and live their lives again. Stuart all right. That line there, people are going to go bananas when they can. I think thats true. You are certainly seeing it in the market right now. Will you look at this. This is a rally, bigtime. The dow is up 1. 5 , just about 430 points. We are back to 29,914. Keep going up like this and you are getting real close to dow 30,000. This rally holds in the ifirst 0 minutes of trading. Show me the vaccine makers because its vaccine news that created this rally. Moderna have come out with a vaccine that is 94. 5 effective. Thats huge. The stock is up nearly 8 . Thats propelling the whole market higher. We have 30 stocks in the dow and here are the big winners among those 30. Boeing, chevron, walgreens boots, disney and american express. How about that. All of them up sharply. Dow is up 430. Now this. Why is the market rallying . Just look at the green on your screen this monday morning. Some of our viewers may be a little surprised when they see a rising virus caseload, new restrictions in many states including a monthlong stayathome in washington state, plus a disputed election. So heres my explanation for todays record high stock prices. Vaccine hopes, number one. Clearcut winner here. Look at modernas stock price. Their vaccine, 94. 5 effective. That is stunningly high number. It means that when its distributed, and used, we have a shot at really getting rid of covid19. Certainly of bringing it under control. Dr. Fauci says we will be back to Something Like normal if all goes well by april of next year. Second item. Some members of the president elects virus task force are walking away from a National Lockdown. Some states are increasing restrictions but nationally, a lockdown is a last resort and looks now unlikely. Then there is the demise of the big blue wave. It didnt happen. Because of that, the socialists are in retreat. Investors like that. Speaker pelosi barely held on to her majority in the house and the republicans look very likely to keep control of the senate. Thats divided government. Investors just love it. Lets roll out the other pluses. Very strong profits. We have seen that. Bigtime money printing from the federal reserve, guaranteed. The likelihood of some kind of covid aid package, very likely. Line them all up and look what you have. Yet another stock market rally. As they say in the ads, past performance is no guarantee of future success. In other words, im not forecasting where things are going from here but just open up your 401 k , check your gains. Im pretty sure you will like what you see. The third hour of Varney Company is just getting started. Stuart monday morning, just after 11 00 eastern time and there he is, stephen moore, the man himself. Steve, lets get straight at it. Individual states are imposing their own lockdowns. Doesnt this slow the recovery . It sure does. Im going to give you a bplus today on your analysis of whats going on. Bplus. Not an a, because i think what you leave out is the threat of lockdowns which i think are very real. I think you are seeing right now, im in california. California is shutting down this past weekend. Chicago, illinois is shutting down. New york is shutting down. Oregon is shutting down. Washington state is shutting down. So you are seeing a pattern here. Michigan is issuing new orders, virginia is. So i think theres a real threat and then you do have several members of joe bidens economic sorry, his Health Task Force which are saying maybe we need a four to sixweek lockdown. Now, they are backing off on that a little bit but you know, just look at the pattern. Democratic governors, democratic mayors like to lock things down so i am nervous about that and im surprised the market has shrugged it off. Stuart i have just come back from a very quick trip to florida which as you know is a wideopen state. Its pretty much business as normal down there. Its a terrific place. I mean, its like normal. People are out and about, shopping, the bars, the restaurants are full, the sun is shining. Apart from people wearing masks, you wouldnt know that theres anything unusual going on. I put it to you that if you try to impose those kind of restrictions on republican states, you will have a revolt on your hands. I agree with you totally. Thats what the polls are showing anecdotally, when i talk to people around the country and say what do you think about a National Shutdown they say we will simply not comply. The only way joe biden could actually put a National Lockdown in place is to call in the national guard, frankly, because i think the American People just will not stand for it. Now, we are working on a study right now of what the economic implications would be of a National Lockdown, of four to six weeks. We estimate 10 to 12 million lost jobs, we estimate another million jobs businesses would go bankrupt. Know whats so frustrating about this . We have been nine or ten months now into this virus and one thing we have learned, even the World Health Organization which is hardly a probusiness institute, is saying lockdowns doesnt work. Florida, where you were, has a lower death rate than new york, where you do business and new york had much stricter lockdowns and florida has more old people than new york does. So thats whats so frustrating about this. The left keeps wanting to lock down economies, stayathome orders, shut down stores, shut down churches, shut down schools, and theres zero evidence that that has any positive impact. But i also agree with you, this is a critically important point. The no blue wave has caused just, you know, a surge but i dont want to be premature about this because stuart, as you noted on your show, if, and i dont think its likely, but if the democrats were to win those two georgia seats, then you are talking about a murderers row. Joe biden running the white house, talking about nancy pelosi running the house, and Chuck Schumer running the senate. With no checks and balances, that is very bearish for markets. Stuart the markets would change dramatically if that happened. Out of time. Stephen moore, thanks for being here. See you soon. Good stuff. America, at this moment, is energy dominant and independent. On this program last week, the very wellknown oil Analyst Daniel yergen said if biden does what he says hes going to do, we will lose that Energy Independence. Lets bring in another oil analyst. Of equally stature. Steve shork covers the oil markets in great detail. Whats your opinion . If biden did what he says he wants to do, do we lose our Energy Independence . Absolutely. The united states, the first time in history, enjoys the greatest comparative advantage with its access to cheap energy. It is the envy of the world, especially in china. With what we are hearing out of the Biden Administration, when you read through between the lines of the dnc platform, they are clearly coming after big oil at this standpoint. So what theyre going to do or what the game plan seems to be is to kill the industry by a thousand cuts. That is to say to move the goalposts further to increase regulation and of course, stuart, what this is going to do, it is going to violate the tenet of finance which is capital goes where it is welcomed and it stays where it is well treated. So clearly, the signal is that capital in the hydrocarbon economy is not welcomed and whatever capital is already there will not be well treated. So this is going to weigh on investment in the industry for the next four years and that cannot help but have a deleterious impact on u. S. Economic growth looking forward. Stuart talk about cheap gasoline, please. At the moment, im paying just about 2 a gallon. I was in florida over the weekend, it was 1. 95. The National Average is 2. 12. I dont see any way that gasoline will ever go back to like 4 a gallon or even 3 a gallon. Do you . Well, there is of course never say never. There is that possibility because as investment is shut off over the next number of years, lack of investment means lack of growth in infrastructure and exploration and production, so forth. So youre running the risk of a supply shortage down the long run. So clearly, we see that, thats going to be bullish for price. But to your point with cheap gas today, yes, were not going to see in the foreseeable future. Weave we have to keep in mind in the Fourth Quarter of last year and the first two months of this year, i. E. , before covid, the economy was rocking. Even with the strong economy, oil prices in december, january, february were already crashing. Were back up to where we were during that januaryfeb crash but not moving significantly any higher. So if they move crude oil prices higher, gasoline prices will remain stagnant. Keep in mind as you get into the spring, summer, we start to manufacture a different type of gasoline so that will be a little higher. But historically, gasoline prices are cheap and shall remain cheap through at least the next demand season, that is next summer. Stuart music to our ears. Thanks for being here with that news. We appreciate it. Thank you. Back to the markets. Not quite the high of the day for the dow industrials but pretty close. We are up 403 points and the nasdaq is moving up some more. Up 106 points. With a market like that, with a rally like that, you can expect some big winners. Susan has the list. Susan yeah. Take a look at whats happening right now off these record levels. Moderna news means we could get vaccine approval before years end. Thats helping a lot of shall we say value plays, those that havent exactly rallied and are cheaper relative to their earnings. Boeings of this world are doing very well, energy, financials, materials, industrials. Boeing, financials like jpmorgan, american express. Travel stocks like american airlines, marriott and Carnival Cruise lines. I mean, these are the main beneficiaries if the economy reopens, if we get that vaccine, if theres more stimulus next year and divided congress means we dont have higher taxes. I mean, this is all building up, all these scenarios are building up to a very bullish 2021. Stuart you said earlier on the show, all these big investment firms pointing towards a huge rally susan Morgan Stanley predicting 3900 for the s p, a gain of 9 from here. Jpmorgan says their most bullish case is 4500 for the s p. Thats up 23 from these current levels. Also want to bring your attention to this recent call by citi. I dont know what you think of it. It also does its a really bullish stuart whats the call . Susan bullish call for the stock market. Citi says the dollar could slide 20 which means when the dollar gets cheaper, it gets cheaper to buy into u. S. Stock market, so more money floods into wall street and again, that is a very bullish sign. Stuart we will take it. Its flooding in now. You are up 400 on the dow. We love that kind of thing. Susan, thank you. Big show still to come. Joe concha is here. Hes comparing president obamas cbs interviews to playing wiffle ball. Violence breaks out in the million maga march in d. C. Whats joe biden saying about it . No statement yet. First, uk Prime Minister Boris Johnson selfisolating after being exposed to the virus. Nigel farage is next. groans hmph. food grunting menacingly when the food you love doesnt love you back, stay smooth and fight heartburn fast with tums smoothies. Tum tumtum tum tums with tums smoothies. Adapting. Innovating. Lsetting the course. But new ways of working demand a new type of network. One thats more than just fast. You need flexibility to work from anywhere. And manage from everywhere. Advanced technology. With serious security. And reliable coverage, nationwide. Forwardthinking enterprises, deserve forwardthinking solutions. And thats what we deliver. So bounce forward, with comcast business. Stuart britains Prime Minister Boris Johnson selfisolating after possible virus exposure. Nigel farage is with us, the leader of the uk brexit party and hes back with us today. Nigel, i thought boris had already had the virus, therefore, is a quarantine necessary . Its extraordinary, isnt it. About 50 Million People worldwide have been infected and diagnosed positive with covid19. Of that 50 million, about five have been reinfected. So its thought to last a minimum of six months. Its almost a statistic impossibility because boris met somebody last thursday who subsequently tested positive, that he will have the virus but you know what, very easy, isnt it. All he has to do is get somebody to pop into number 10 downing street, have a nasal swab test and within 20 minutes he can confirm that. Yet he is going to selfisolate for 14 days. We wont see him outside the Prime Ministers house until the 26th of november. And hes doing this to tell us we must all obey the rules. It is a complete and Utter Nonsense and this happening during the worst economic crisis in british peacetime history and as we approach the final stage of our brexit negotiations. What we need is leadership, not boris selfisolating. Stuart bring us up to speed on whats happening in britain under the latest lockdown regime. I think the pubs are closed, some of the stores are closed. What is happening . Well, theres a personal story. I was in the u. S. For the elections. Of the five days back, i went for the test, i tested negative, but no, i absolutely wont stay in quarantine for 14 days. We are using the testing regime not as a means of opening the country up for business but as a means of keeping us all locked down. We are in lockdown until the 2nd of december. Every pub is closed which doesnt please me, i can assure you. The restaurants are closed and its all right. I mean, imagine i want to go to the local town to buy a pair of Training Shoes for my kid, right . The stores closed. What do i do . I go to amazon. They deliver them to my door. Everything we are doing here is playing into the hands of giant multinationals and really hurting selfemployed traders and the little guy. Stuart is there any sign of a pushback, a revolt against this lockdown in britain . Well, i am making those arguments and making them strongly and im saying i dont underestimate that this virus can be very nasty for some people and we should wash our hands, we should, if we can, maintain social distance. But really, its the vulnerable that need to isolate and the rest of us find a way of learning to live with this virus. There could be a vaccine just round the corner. The stock markets today seem to think so. We will find out. But we cannot go on like this. My fear is on our current trajectory, we will come out of lockdown on december 2nd and go back into it immediately after christmas. Its doing us huge harm not just in terms of the economy, in terms of the Mental Wellbeing of the nation. Stuart right. Heaven forbid it comes here. Nigel farage, thank you very much for being with us. Always appreciate it. See you soon. We better get to the vaccine news. Im showing you the vaccine makers on your screen. Johnson johnson, they are supposed to be coming out with their oneshot vaccine fairly soon. Pfizer already got there, about 90 effective. Now show me moderna, because thats the stock of the day. Theyve got a vaccine thats 94. 5 effective and modernas stock has gone straight up. Susan, youre laughing. Susan 94. 5 , very precise. Stuart its a very large number. Thats what makes it so attractive. Plus you dont have to freeze this stuff. Susan the only problem is the twoshot vaccine. You have to go back after four weeks. The question is how many will actually get that second shot. Stuart i can see a fair number of people who will not. Susan lets hope they do. Stuart what did you say, producer . The dow . Yes. It is. Look at that. 29,940. We have never been to that level before. Dow is up 457. Im trying to do the math real fast. If we go up another 62 points, we will hit 30,000 on the dow. You got to stay tuned for that because i believe we have spent some serious money on the new graphic. It hit 30,000, balloons come out all over the place. Hopefully in the next about 39 minutes, maybe we can arrange it for you. Susan doing a lot of calculations in your head today. Stuart i thought there was no math on this show. There is a fight between Governor Cuomo and the Trump Administration about the distribution of a vaccine. Lets go to Kristina Partsinevelos in manhattan. Businesses must be struggling in manhattan and i dont think they understand this backwards and forwards about when they get the vaccine. Its chaos, isnt it . Reporter yeah, you have a situation not only in new york but across the country, businesses are caught in limbo, especially here in this state. The reason being is you have new York Governor Andrew Cuomo threatening to sue the Trump Administration for equitable Vaccine Distribution. What do i mean by that . Governor cuomo did say that if they go through with the Vaccine Distribution its going to be through private enterprise. It seems like cvs and walgreens. Hes arguing that many lower income communities, particularly those of color and hit hardest by the coronavirus, would not have access to such private enterprises, hence the reason why he believes it could be discriminatory. You also have the president very recently saying he would single out new york and not provide them with the vaccine. The reason why hes saying that is because in september, Governor Andrew Cuomo said he would create an independent task force to review any vaccines that came from the Trump Administration just in case they went out too quickly. You have this tit for tat argument. You have citizens and Small Businesses caught in the middle, in the Financial Capital of the united states. Thats why i spoke to one business owner, she owns wine and spirits in chelsea. Just about how her business could hang in limbo. Listen in. Lets stop this. Its schoolyard pettiness. I wish both of them would stop. Give us a vaccine and say here you go, make your people good. Everyone needs to have this vaccine available for my business to continue in a steady way. Reporter i will echo that comment. Everyone needs the vaccine to go back to normal. Whatever that new normal may be. If you have politics, that can make the process even longer, especially because lockdowns have been going on for so long now and businesses across the country have been suffering. Time is running out. Back to you. Stuart it is. Thank you very much for that. Appreciate it. This is a very worrying sign. We are back to counting customers before they enter a store. Limit on how many people are allowed in. Lauren, who is doing this . Lauren its walmart but i would say dont worry. They are doing this out of an abundance of caution. They are physically counting the number of people that go into its stores again. They just want to limit the crowds, you know this, their black friday deals will be three different events, just for crowd control. They do report earnings tomorrow. We will likely get more information then. This for a nontech, i know they do have tech components but for a nontech company, stocks up 28 this year. Stuart okay. But counting customers always gets me worried. Lauren yes, they are. Stuart i would think thats a negative. Walmart, 152, all right. People are leaving major cities like new york, san francisco, leaving in droves. We know that. We got the numbers. But where are they going . Weve got the answer to that as well coming up. President trump tweets that joe biden won the election but in another tweet, he says he concedes nothing. What exactly is going on . Ir o erin perrine joins me next. Metastatic Breast Cancer is relentless, but im relentless too. Because every day matters. And having more of them is possible with verzenio, the only one of its kind proven to help you live significantly longer when taken with fulvestrant, regardless of menopausal status. And its the only one of its kind you can take every day. Verzenio fulvestrant is approved for women with hr , her2 metastatic Breast Cancer whose disease has progressed after hormonal treatment. Diarrhea is common, may be severe, or cause dehydration or infection. 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The plush toy, you see it bobbing around, is part of a tradition in space flight. Its all part of stuart it is . Susan yeah. Other plush toys have been sent into space. The reason why they have it is called zero gravity to prove we have hit zero gravity. Remember last year we had a snoopy accompanying the boeing starliner and in may you had a dinosaur, stuffed dinosaur accompanying the first spacex manned space flight . Come on. This is fun. Its cute. Its also a new era in space flight with the private enterprise now, spacex, changing everything. Stuart okay. I understand that Virgin Galactics next Space Mission has been delayed. Tell me why. Susan okay. Well, you want to get on my good side, get me a baby yoda for christmas. Im just saying. Looks like its definitely delayed for the Virgin Galactic test flight. Thats why the stock is down today. It was scheduled, a launch window between thursday and monday, but now indefinitely delayed because of covid restrictions. It was supposed to be the first of two test space flights before Virgin Galactic was going to fly founder Sir Richard Branson next year in 2021. If the branson flight was successful, Virgin Galactic was going to start commercial operations and they really need it because they havent sold any tickets for the past six months. They lost over 66 million in the previous quarter. But they do have 600 reservations on the book and these tickets were sold at a price of 200,000 to 250,000. But the delay obviously does not help anything. Stuart down goes the stock, almost 10 . All right. Thanks. Lets look at uber. This is of importance. They are looking to sell part of the company. Stocks up. Which part . Susan selfdriving unit laugst valued at 7. 25 billion. According to reports, uber has been shopping it since october and one possible suitor is aurora innovations, the startup. In terms of the deal, still not known but uber has been unloading assets trying to raise cash for the past 11 months. We know they have dumped the bike unit, they sold a stake in its growing but still unprofitable logistics arm uber freight. Stuart i think one of our future deguests got a brief sho there. Violence. Violence really broke out in the million maga march in d. C. Yesterday. Protesters, counterprotesters, antitrump people, were throwing punches, launching fireworks at Trump Supporters. Erin perrine who just got a brief appearance there, shes back. Erin, joe biden has not responded to the violence at all. He should, though, shouldnt he . Absolutely he should, stuart. Its egregious to see that kind of violence break out against really peaceful individuals who were in d. C. To show support for President Trump. This is not the first time this kind of violent attack has happened against Trump Supporters. I remember back in New Hampshire during the primary, when a 16yearold boy was punched in the face for standing there wearing a maga hat. Its really egregious. And its continuing to happen to Trump Supporters. I have received threatening Text Messages to my personal cell phone. One of our attorneys in pennsylvania received a threatening phone call from an attorney at the law firm representing pennsylvania in the lawsuit against the campaign. You continue to see our attorneys be docked by groups like the lincoln project. These people want to scare us. They want to silence Trump Supporters. They want us to be afraid of supporting President Donald Trump and were not. Were proud of the president , were proud of the work hes done and were proud of the fight hes putting up to maintain a free and Fair Election here in the united states. Listen, theres no need for violence whatsoever. But the medias silence on this violence and joe bidens silence on this violence is deafening and it speaks volumes more than any words they could say would. Stuart i want you to source something out for us. President trump tweeted that joe biden won. Later that day, the president said he concedes nothing. Take me through this. Where do things stand at the moment . President trump is very clear in that tweet when he talked about the fact that the media is trying to say that joe biden has won this election. Thats not true. This is not a certified election result at all at this point. The media was so quick to try and cover that tweet. None of the subsequent ones and none of the ones where the president has said he will continue to pursue a free and Fair Election outcome here. The media is trying to select joe biden to be the next president of the united states. Its clear he is their favorite candidate. They have shown that bias throughout. So they were quick to cover this but none of the president s backup tweets after that, president hasnt conceded anything. This is an ongoing election. We will make sure on behalf of President Trump the over 70 million americans who voted for him and those who voted for joe biden as well, that we can verify, certify and trust the outcome of this election. Stuart if when all the legal votes are counted, and if it makes no difference to the Electoral College standing, should the president concede and then appear at the inauguration . Karl rove thinks it would do him good. It would be good for him if he were to do that. In the words of kayleigh mcenany, President Trump will show up to his own inauguration. We are confident in our strategy Going Forward, stuart. We understand that there were huge egregious issues in states like pennsylvania and michigan on the equal protection clause of the 14th amendment, we want to make sure this is a free and fair certified and true outcome of this election and we are going to fight every step of the way to make sure that happens. Stuart fair enough. Erin, thank you very much for joining us today. Appreciate it. Thank you. Stuart thank you. We have been showing you the violence against Trump Supporters at the million maga march in washington, d. C. Its ugly but we have been showing it to you. You might never know about it, however, if you had been watching Mainstream Media. They didnt show it. We are on that next. Some things are good to know. Like where to find the cheapest gas in town and which supermarket gives you the most bang for your buck. Something else thats good to know. If you have medicare you may be able to get more benefits without paying more through a Medicare Advantage plan. Call now to request this free guide. Learn about plans that could give you more benefits from humana. A company with nearly 60 years of experience in the healthcare industry. Humana offers a wide range of all in one Medicare Advantage plans that include medical and Prescription Drug coverage. 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A licensed humana sales agent will walk you through your options, answer any questions you have and help you enroll over the phone. Plans with a zero dollar monthly plan premium are available in many areas. Call now and well also send this free guide. Humana, a more human way to healthcare. Stuart we keep showing you the markets because theyre doing so well. And we keep showing you the markets because we are getting awfully close to 30,000 on the dow industrials. Why the big rally . Just take a look at the vaccine makers. Weve got a vaccine from moderna thats 94. 5 effective. Look at pfizer. Theyve got a very effective vaccine but they are down 4 . Why . Because their vaccine has to be distributed at extremely low temperatures, whereas modernas vaccine, you can put it in a fridge and youre okay. Thats a big difference. That makes moderna much more attractive. Now this. According to the moving app updater, people are leaving our biggest cities in droves. New york, los angeles, chicago, et cetera, et cetera. People are moving out by the thousands. David greenberg is the founder and ceo of updater and he joins us now. David, we have been running statistics on this program for a long time about how many people are leaving the big cities but i want you to tell us where theyre going. Hi, stuart. Thanks for having me on. Yeah, we are seeing striking new migration patterns as a result of the pandemic. There are definitely some cities gaining a lot of residents and some cities losing a lot of residents. In terms of the gainers, the cities gaining residents, denver and austin. Those two cities have been gaining a lot of residents before the pandemic, but the rate of growth massively accelerated during the pandemic. Whats so interesting about those two cities is that the majority of the new residents moving in came from out of state so they are attracting residents from all over the country because of their great reputation for quality of life. I would also point out a handful of cities in north carolina. Relative to their population size, they saw tremendous growth. Greenville, raleigh, wilmington, charlotte. All of them saw almost no residents leave during the pandemic but a huge number of new residents moving in. Stuart a lot of weve got the map up on the screen. A lot of these towns or cities, they are fairly small. Tallahassee, wilmington, greenville, raleigh, they are relatively small scale places. But they are still doing extremely well. Thats right. So one of the major drivers for the new migration patterns we are seeing is that residents in americas largest cities are fleeing to smaller cities and to the suburbs. They are looking for more space but they also want to live in locations where the restrictions to manage the pandemic may be less burdensome on their daily lives. Thats really attractive to americans right now. Another major factor driving the relocation trend is the widespread acceptance of remote work. So for many americans, this is an unprecedented opportunity to live wherever they want. I took advantage of that, many of the updater employees are taking advantage of that. I think that trend is going to continue for years to come. Also, Mortgage Rates are very low. So for americans who can afford to buy a home, nows a great time to buy. Stuart its a perfect storm. Actually, its not a storm at all. Its a very good thing for you guys. David, im sorry its so short but thanks for coming to us. Very interesting information. Come on back with some more, please, at some point. Thank you, david. Now, it says on my prompter orlando landing a flying taxis deal. Im not sure what to make of that. Ashley knows. What have you got . Ashley well, i do, because just to the right of you on the screen is a flying taxi. It comes from a German Company. Kind of a strangelooking wings. Thats 36 individual engines. They are actually more like sophisticated leaf blowers. Im sure they would be delighted im describing it like that. The city of orlando has gone into a deal with this German Company to provide this service. They will build a vertaport where you have two landing and taking off pads and they will start with flights from orlando to tampa. They can get there on one charge, about 200 miles. How much will it cost you . About the same as a Business Class ticket but they say it will eventually, eventually come down to the price of a train ride. Th they take off and land vertically, very cool. When is this going to happen . Well, they still have to be certified by European Aviation agency as well as the faa. Whats interesting, there are Many Companies doing these flying taxis, trying to develop them. Uber, boeing, toyota even. Whats interesting about this, this is more geared towards florida and linking rural with suburban areas as opposed to a big city. Fascinating to watch. Stuart you got it. The video is terrific. I can see take really happening. How about that. All right. Thanks, ash. Bill maher scolds democrats after they failed to get their blue wave. Watch this. Democrats are the party of every hypersensitive social Justice Warrior woke [ bleep ] story in the news. Stuart we cant resist a story like that. We will cover it in depth with joe concha after this. Businesses today are looking to tomorrow. Adapting. Innovating. Setting the course. But new ways of working demand a new type of network. One thats more than just fast. You need flexibility to work from anywhere. And manage from everywhere. Advanced technology. With serious security. And reliable coverage, nationwide. Forwardthinking enterprises, deserve forwardthinking solutions. And thats what we deliver. So bounce forward, with comcast business. Stuart Trump Supporters under attack very clearly at the million maga march in d. C. Counterprotesters throwing punches, they chucked fireworks at trump people. Look at this. On your screens now. The Mainstream Media ignored it almost completely. Well, it will be on your screen shortly. Joe concha, fox news contributor, is with me now. This is disgraceful. That was real violence in our nations capital. Trump the president s supporters beaten up, had fireworks thrown at them and the media does nothing. Thats a disgrace, joe. Sorry. Its a disgrace. Yeah. Thats not a bad part of washington were looking at there. Thats about a block from where the hills newsroom is and about obviously a couple blocks from the white house. Yet you see the stats there in terms of violence. We are talking about 21 people arrested, we are talking about two officers badly injured. Were also talking about as you said, fireworks being launched at people who were sitting in a restaurant. You dont know their political affiliation. They are just out trying to have a meal before it gets too cold where you cant have a meal outside anymore, and fireworks can kill people. So all of that is news. Its a big news story and if the shoe were on the other foot and you had Trump Supporters say attacking biden supporters that were celebrating joe bidens win when they called the race for him last saturday, this would be preempting regular broadcast schedules with special reports. Thats what you would see. Instead its the bias of omission, stu. Thats the most insidious bias we have. Stuart the media will never get its reputation back, whatever that reputation was. Its shot, in my opinion. Then weve got this. In an interview with cbs, president obama says President Trump should put the Country First and concede. Listen to this, joe. When your time is up, then it is your job to put the Country First and think beyond your own ego. My advice to President Trump is if you want at this late stage in the game to be remembered as somebody who put Country First, its time for you to do the same thing. When you look at the numbers objectively, joe biden will have won handily. Stuart whats your response to that, joe . I think joe biden won by three states, it was georgia, it was arizona and it was pennsylvania. All those states with less than 1 percentage point. The president has every right to press forward from a legal perspective. Let the process play out in this situation. By the way, did scott pelley at the same thing as president obama to lesley stahl last month . I have a feeling that wasnt the case. That was like when i played wiffle ball with my 5yearold, are you ready, here it comes. Thats a shame. Its 60 minutes. Its been around 50 years. I used to love it. Even thats been biased. Stuart i agree. I used to love it. Even theyve got their bias now. Before we go, i want you to get back to that comment from bill maher about being woke. Listen to this again. Politics in this country is binary. You have to wear everything anyone on your side does. Republicans are the party of, dont wear masks, kids in cages, lock her up, and democrats are the party of every hypersensitive social Justice Warrior woke [ bleep ] story in the news. Stuart you know, that was quite a critique of the democrats, wasnt it. Yeah. I disagree with the republican part, certainly, but the democratic part. Bill maher is one of the few authentic people on the left thats on television. You may agree or disagree with what he has to say but hes pretty consistent and tells it like it is. Hes right, though. How often did we hear from democrats, particularly joe biden and Kamala Harris, as far as these key issues, the kind of issues you talk about on this program, stuart, as far as trade and the usmca as compared to nafta which joe biden supported, how about foreign policy, how about gun policy . I heard beto orourke will be in charge of that. He only once said hell, yes, im going to take back your ak47. How about automation which i think is a huge deal, stuart. As far as ai, robots taking low wage income jobs as a result of minimum wage going up, as a result you have businesses starting to turn to automation instead and then people arent trained for any other kinds of jobs. That would have been a very interesting conversation to have between the businessman trump and joe biden, the 47 year career politician. Instead the woke party just completely focused on social issues and nothing else but hey, they still apparently have won the white house so there you go. Stuart its time to get serious. Joe concha, always a pleasure. Come back soon. See you later. Thank you. Im not sure i understand this one. Chipotle teaming up with uber eats and a dating app called hinge to help out people during the winter. Lauren, whats this, the coughing season . What on earth is this all about . Lauren well, think youre handcuffed, tied down during the cold winter months. Thats why they call now cuffing season. You get a quick relationship to get you through the winter. Now that we have established what cuffing season is, chipotle is celebrating it by teaming up with hinge, you know that, the dating people, and uber eats for this special emenu. You have the day date or the day night. You get two entrees with those so you and your special temporary someone, then you get the hinge date thats one entree and one drink. Winkwink. You share. Get it . So uber eats will be delivering them and why are we doing this story . Because chipotles Digital Business has grown more than 200 this year. Its crazy. Delivery is where its at. They are partnering with uber eats to help them do it. This probably will be popular. Stuart fortunately we are short of time. I have to leave it right there. All right. We are still waiting to use our very expensive dow 30,000 graphic. We dont have long left to make use of it but well try. Back after this. It was 1961 when nellie young lost her devoted husband. 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Of course, you can use it to pay some bills, cover medical costs, update or repair your home. But best of all, it eliminates those monthly mortgage payments so you get more cash in your pocket, every month. Learn how you can use a reverse Mortgage Loan to cover your expenses, pay for healthcare, preserve Retirement Savings, and so much more. A lots changed since 1961. Since then over a million Older Americans have used a reverse Mortgage Loan to finance their retirements. It meant so much to nellie, maybe it could mean as much to you. Call now and get your free infokit stuart what a shame. You know, i was hoping we would make use of this fancy graphic, dow 30,000, but with we only got too 29,940 odd. Just missed 30,000. Neil, maybe you will get 30,000 on the dow . Neil i didnt even know we had a graphic. I guess it is smart planning. Stuart it is my graphic. My graphic. Neil oh, it is yours. Put like a Stuart Varney on the side, the Stuart Varney bull market. Thank you, my friend, very, very much. Were looking at the corner of wall and broad. All the major averages excluding nasdaq, anyway in record territory, some today. All the major markets advancing on moderna news. This makes two big biotech players with a vaccine in hand, emergency approval to hot little hands across the globe. The que