Transcripts For FBC Cavuto Coast To Coast 20240711

Now, i cant get over it. Welcome, everybody. Hope you had a wonderful thanksgiving. Im neil cavuto. This is coast to coast. Were concentrating on the last day of trading for the month of november. Ion with the shellacking the Dow Jones Industrials is getting right now it is still looking at one of the better months weve seen in quite a few years. As a matter of fact, at the rate were going unless we really tumble out much bed here the strongest month since january 1987. Ignore what happened hater in that particular year. But for now were putting a capper on what is incredible comeback month included a surprising, legally infighting president ial election, pandemic spiking cases all over the the world. Yet with a comeback to put agrees on grease on the skids. Were getting growing indications this will be impressive run. Usually when you have a strong november you have a strong december. You put a capper on the year as a whole. A lot notwithstanding on optimism were competing for vaccines. At least granted emergency approval. Moderna is getting a great deal of attention. That antibody treatment is getting a good deal more attention than it got say last week at this time. That is set against what is happening with astrazeneca well get into details with Jackie Deangelis joins us with the very latest on the vaccine rush. Where are we standing on this, jackie . Reporter good afternoon, to you, neil. The vaccine rush is fueling markets and gain. Were on the track for the best month weve seen since 1987. With todays selling were closing out the books for the month the markets performed really strongly here. The latest you mentioned moderna all eyes are on that. New data out from the company says the covid19 vaccine the company has is 94 effective and efficacy against severe covid19 cases is 100 . That is pretty amazing. The company is applying for fda emergency use authorization today. The ceo was on mornings with maria saying this, listen. The fda indicated to us likely the Advisory Committee should happen on december 17. Hopefully things go well in next couple weeks. You could expect i between two to three days after the approval of vaccine a short approval. Meaning were able to ship the product. Reporter the light at the end of the tunnel, neil, keeps getting brighter. That is great news for us and the market as well. Across the pond british Prime Minister Boris Johnson wrote in the mail said vaccine could be available in days. Doctors could receive Biontech Pfizer vaccine by next monday. This could make the uk the First Western naics to get approval and administer the vaccine t secured another two million doses of the moderna for a it to of seven million doses. When you look what were doing, what is happening globally, seems like everybody is on track and thats why the markets have been so optimistic, that one day we will get back to normal, neil. Neil all right. Fingers crossed. Well see how that sorts out. Jackie deangelis, thank you very, very much. Then why you might ask why are we selling off so might dilly today . There are complications. For example, oxford and World Health Organization say we need more data on the astrazeneca drug to see how the vaccine trials have actually gone. That planted some seeds that not all the problem missing vaccines, a, could be out as soon as some expected or have sort of like an eventless ride. Very few vaccines do by the way. The history on them is normally more bumps in the beginning before everything settles down and they realize what works and for whom. Normally upwards of half a dozen that, well for various ways treat various people and various throes of the virus itself as preventative measure. Were keeping some gains in check right now, particularly for the dow and economically sensitive issues that are hurt by reimposition of restrictions i should say, lockdowns, various measures from states to california, to new york, new jersey, connecticut. That is weighing a little bit on this. Letslets go to Jonathan Hoenig following all of this as well as carol roth. Carol, it is the latter part that youre worried eight bought, right . These restrictions and and Everything Else are potential already abating Economic Growth, right . The vaccines are promising. What we have to deal with in the meantime not so much, right . I think it depends whether youre talking about the broader economy or the stock market. I mean the reality is that these stock market had decoupled from reality many years ago and continued down that trajectory and so i think from the markets standpoint when you look at the optimism for the vaccine not something this i think is great, the market thinks is great, fed intervention, fiscal stimulus, a spending administration, these are the kind of things that todays market likes. So i think from a market standpoint that bodes well. From a main street economy standpoint i think that is where you get the concern that were selling main street out to wall street. Retirees are hurting, Small Businesses are hurting. There will be this continued divide between the haves and havenots, between the people of main street and those who are invested in the stock market. Neil you know, today, jonathan, joe biden is announcing Economic Team and Everything Else. Obviously i think it is safe to say theyre a tad leftofcenter but the market does like the fact it looks like more stimulus will be coming. And now everyone seems to be really big on stimulus no matter whether theyre pro or antigovernment, everyone is progovernment dough and they think that government dough led by janet yellen at treasury and some of these other key players will be opening up the spigot a lot. What do you think . Sure. We had a big stimulus under trump. Well certainly have a big estimate us under biden. Neil, that we know retarded Economic Growth over time. But the market look, you have to give it up to november. I was awed, neil, this was the best postelection Market Performance since Ronald Reagan came to office, and the best month for global stocks ever. I respect what carol is saying there is a lot of fed intervention but a lot has happened, neil, and it hasnt happened in washington, it has happened in laboratories. Weve come up finally with vaccines to solve the global pandemic. That is one of the reince weve seen the stocks perform so strong. There is encouraging signs. For example, the market has broadened. For months were talking about big cap tech, big cap tech. Well the small cap stocks hit and all time high this month, neil. A lot of value stocks, average energy stock is up 43 this month. You have to give it up for American Ingenuity and American Enterprise which bounced back very strongly despite a lot of setbacks from washington and the pandemic in november of 2020. Neil you know, carol, what are your thoughts on the ongoing election fight . It does appear the president is running out of Legal Options here to challenge this whole thing but he is not going down without a fight. Well see how the count goes and all but if it turns out that he never, you know, concedes to joe biden whatever your political views, i dont care about that, my own included, how would the markets digest that . You know, it is one of those i havent spent a lot of time thinking about because i dont think it is going to happen. I think President Trump is a fighter. He is going to put up a fight. He is going to exhaust every option but the a the end of the day eventually thrill was vote by the Electoral College that will get approved by congress and i think that President Trump will then direct his energy to continuing to manage his base and continue to make them excited but outside of the realm of the white house. So i think that he is going to push this probably until the 11th hour, maybe 11 59 but i cant imagine a scenario where he ultimately doesnt concede. Perhaps im wrong but i think it is, if that is the way it play out he has not won it, i think he will do the right thing. Neil yeah. Should have been more specific. He might leave the white house in that event. Im not saying crazy glue his hands to the oval office doorknob, the fact he might not, might not attend, jonathan, you know, joe bidens inauguration, and the fact that he goes down saying all right, this election was rigged, it is fraudulent, you know im going to honor this Electoral College decision but i dont like it. He saves the day to fight for 2024, again, im just curious how markets would react to that . I mean theyre already preparing for a president biden. I can see that. Theyre already preparing for more stimulus. I can see that too. So will it matter whether the president , this president is there for that inauguration or not . Well not President Trump will continue to be a major influence on the american political process, neil, even as joe biden takes the office. In fact he could be a positive political influence. Keep in mind during the Obama Administration the republicans were tremendous at limiting obamas spending. They got sequester in place. A lot of similar effects. So President Trump could become the worlds greatest and republicans, worlds greatest seven sit hawks to try to limit joe biden and democrat impact. Neil wait, wait, wait. Jonathan, i love you dearly but you think the republicans are going to play the role of deficit hawks . I mean, like unleashing me at a ponderosa buffet. Stop. They are no more fiscal discipline than i have at that buffet. Come on, man you talked about it a lot but the republicans are a great opposition party. In fact the market, economy has done the best historically at least when democrats are under the presidency and republicans are in the opposition party. Neil do you really think they reined in Barack Obamas spending . We built up huge deficits. If that is reining it in, i dont know what piling it on is . Well, the sequester neil was a great impact in terms of limiting impact what obama could spend. We could hope that perhaps republicans can return, it hasnt been great under trump but return to some fiscal sanity, limit spending, limit impact of a Biden Administration and return to a more stable form of fiscal responsibility when it comes to federal government. Im going with the buffet option. I think there is absolutely no way they see an opening. They have got people who are hurting, theyre going to use it unfortunately. Theyre not going to use it in the right way. The money will never get to the people who are most vulnerable and need it the most. This will be a cash grab, handout for every crony around there. So be prepared to buckle up to that buffet if you know someone in washington. Neil all right. We will see, guys, what happens here. It is fair to say to both of your points, know matter who is spending money, wall street if you look at prism of money guys, they like money that goes to work because it is stimulus. That is the arguement. It is stimulus. Doesnt do much for deficits or do much for debt, man, oh, man is doesnt do much for debt. Dr. Marti mccarry, please you will not Start Talking about deficits and debts. The price you pay, bestselling author, much, much more. Looking at virus and vaccines out there. First on the virus and spikes in cases, doctor, dr. Fauci warning among other things what i told you to do at thanksgiving, limit family gatherings im telling you to do at christmas, hanukkah, holidays coming up. One more time to be cautious in crowds. Do you agree with that . Well, neil, it is a shame that people are getting the virus in the last three months of the pandemic. We have worked so hard to make sacrifices, change our routines. We took a hit to the economy for nine, 10 months. Now people are getting it in the final stretch. So people need to be cautious. Were also seeing a general slowing now because unfortunately many people have gotten the virus. 15 to 20 of americans now have natural immunity. That is not the way we intended for them to become immune n south dakota, it is 30 to 35 of people now have the infection or have been exposed. This is not going as planned. I think were starting to see a slow but people try not to get the virus in the last three months of the pandemic. Neil you know, doctor, im curious. Looking at the death rate, not to be macabre, i look at Older Americans whether they get the thing, die from the thing, for that subset of the population, i guess presumably the most vulnerable, it has improved. In other words, getting this thing is not the severe, or even mortal issue it was back in march or april. A, is that true . Absolutely. Neil we just found better ways of dealing with it . Were 80 to 90 better at preserving life and when those antibody therapies become more widespread. We might see mortality go down to seasonal flu levels but i remind people who want to take it lightly almost 100,000 people today in america are having trouble breathing in a hospital and my phone personally has been blowing up with all of this transmission in the last week or two, new cases, new admissions to the hospital. Loved ones of friends having trouble breathing all of sudden getting religion on this thing. That is not how somebody should get educated on the virus. Neil wellput. Doctor, you didnt have to talk about the deficit for the debt. Dr. Marty ma cary, thank you very much. I always enjoy you. Astrazeneca, problems for companies that seemed ready for the vaccine, the issue isnt too disturbing and these are bumps along the way but how are markets digesting issues that could come up, knot huge ones but worrisome ones . Trelegy for copd. Birds flyin high, you know how i feel. Breeze drifting on by you know how i feel. Its a new dawn. 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Resso to help you remembermber commthat Liberty Mutualgia. Customizes your Home Insurance, heres one thatll really take you back. Wow whatd you get, ryan . Its customized Home Insurance from Liberty Mutual what does it do bud . It customizes our Home Insurance so we only pay for what we need and what did you get, mike . I got a bike. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Neil all right. Were monitoring live phil murphy, the governor of new jersey whose cracking down on what would have been an unusual spike in cases in the garden state saying indoor sports, i should say are now being put on a full, complete pause. The only exception the governor says are collegiate and professional teams. Outdoor gatherings will still be limited to 25 individuals, Outdoor Dining unaffected by all of this. This is to address what he says is a stubborn spike in cases that apparently is not reversing itself. Indoor sports namely like hockey, basketball, at least at the under college level, high school, middle school, that sort of thing will cease but at the collegiate and professional level it will continue. But obviously on limited crowds, expected to see them. So this continues, other states, governors are issuing similar proclamations to sort of address what has been a noticeable spike they cannot seem to get control on right now. In the meantime following team biden, the transition process continues with a full intelligence briefing. It is the first intelligence briefing the president elect is receiving and receiving with Kamala Harris today, the lere pntsiectele dewarewa witwa mwaeor oorn tt. Ha per. Te terertreer nerl,erhe tastim ctuallyai e o esi pdereelentententeas wft da las stmpg out ofrt opedi opes gtinftononft a a a awo aourhouh t. Ulns wasea hngng fm tt thatiche inet aetlaceetlalao tett scan, than found houadad haiinai tuacacachatha t itialnininini xys mseddnheiddleid off hishiss fst,sssss ler lalalalndm s. The an tion tea t did tt t tl ybodyb abo tbobouryn satusaay whe it i hpenedpe aying his hog a d passed. The press travel with him, they speculated he was on the way to church since they hadnt been yet. Instead he popped up at the doctor. Our cameras didnt show him on crutches or a cane or in a walking boot. The president elect will stay home for the rest of the day. Officials tell us not to expect to see him today, but tomorrow he is going to host an inperson event in wilmington to announce the intent to nominate janet yellen for treasury secretary and nira tan den for office of management an and budget. They announced a all female Communications Staff led by Kate Beddingfield who worked for the campaign and jen psaki who did not work for the campaign. She says she is brain storming ways to make the Bidenharris Administration more accessible for they will try to resume in person daily briefings from the white house. That is not something were getting during the transition. Were getting once a week briefings via zoom with one or two officials at a time. Today the briefing on the agenda from biden, first of the transition, classified president ial daily briefing. It was held up for a little while before the gsa ascertained that he actually won and had access to resources like classified material but that is happening today somewhere on the biden property here in wilmington. Neil . Neil what impressed me most about your report, just now, is that youre perfect pronounciation of those bones in the foot, that i have no idea existed. Touche to you. Reporter i looked up a Youtube Video how to pronounce it about an hour ago. So thank you, youtube. Neil i watched a Youtube Video how to carve a turkey. It shows the difference between your curiosity and mine. Thank you very much, my friend. Peter doocy on all of that. Really . I had no idea about those bones in the foot. Tom bevin probably does, the real clear politics cofounder, real smart at this pants when it comes to all things politics. Wonderful to see you. Hope you had a wonderful thanksgiving. Wonder if this team being assembled on the economics side, communications side it is diverse. The immediate read i heard on the Economic Team they said it is a center left Economic Team. I dont know how you decide such things. We dont know exactly what their policies are. That they would be big on stimulus even more stimulus. Do you agree with that . I do. That is what i think joe biden, his policy will be these folks will carry out his policy. Certainly eneera tan den, john cornyn Communications Director never will get confirmed in the senate because of all the disparaging things. She ran center for american progress. She is a progressive. She is left. Although she is catching fire from the left because she is not, you know, wasnt super supportive of Bernie Sanders. So look, but i think centerleft is an accurate description of the team he is putting together. They are going to be in favor of massive stimulus. Neil you know, looking at the team that he is has assembled thus far with the cabinet secretaries to date, undersecretaries, early staff members, others with key advisory roles. He has to balance it out to keep progressives happy but not too happy, not too pleased and without inciting concern among more moderates. I mean how looking at the whole panoply here, how is he doing . I think so far he is doing fine. I mean he has, there will be no cabinet appointment for Elizabeth Warren or Bernie Sanders as far as we know. That seems to have gone away. And he hasnt really appointed anyone that has been really progressive darling or favorite yet. There has been talk people wanted to see Rashida Tlaib in the cabinet, aoc, these other folks. That hasnt happened, will probably not happen. So i think neil sorry about that we have just lost our connection with him. Tom bevan, real clear politics cove founder. Walking the tightrope, and president elect and team surrounding him. Keeping an eye on that. Keeping an eye on corner of wall and broad with the selloff, and concern about vaccines that might or might not be coming down the pike a worry not about good number coming but they might have spotty results even with emergency using called for. That is not bad thing, not unprecedented thing, in fact that is quite a common thing but the market after such an incredible month of november is due for a selloff on a final day of the month that will still produce for the dow perhaps its best monthly performance since january of 1987. After this keeping your oysters business growing has you swamped. You need to hire. I need indeed indeed you do. The moment you sponsor a job on indeed you get a shortlist of quality candidates from a resume data base claim your seventyfivedollar credit when you post your first job at indeed. Com promo. Neil covid relief plan for businesses in oregon but only some need apply. Whats going on here . Dan springer in seattle with more. It just seems a little odd, dan, but whats happening here . Reporter neil, there is no doubt this fund discriminates based on race. The question is it justified and therefore could it possibly be legal . Using federal cares act money, oregon created a Covid Relief Fund which only blacks can access. It is 62 milliondollar oregon cares fund. It is facing not one but two lawsuits. Oregon Officials Say it is legal because it is tailored to help the people and businesses most at risk during the pandemic and economists at uc santa cruz has been charting businesses by race and how they have been impacted. Robert fairly, found by the end of april 41 of blackowned businesses were out of business. More than all other races and more than double the percentage of whiteowned businesses. Joy mack received an oregon cares grant. It wiped out 30,000 of her debt. When you go for, you know, other types of loans there is a little extra scrutiny. Ive experienced it more than once myself. So we have a little more difficult time accessing resources. Reporter but maria garcia, a mexican immigrant who owns a coffee shop in portland said her business also has been hurt by the pandemic lockdowns and she has no better access to capital than anyone else. She wrote on facebook, quote, this lawsuit is not antiblack or prolatino but a lesson for our elected officials that the state has to be inclusive in all of its decisions and offer equal opportunities to access funds. Edward bloom says the fund clearly violates the equal protection clause. Reporter about half of the grant money has been dispersed already with most of the rest approved. So it is likely the money will be gone before a Court Decides if it is really legal to have racebased relief funds. Neil . Neil all right. Thank you very much, my friend. I dont know what that Governor Cuomo announcement thing was there but if it is important they will pass it along. In the meantime i want to go to sane tankel, apple metro ceo, runs a number of applebees. But it is happening at a time where Staten Island bar owners declared his own ton autonomous zone. Doing what he is doing. First shutdowns in march we did everything to make it worse. Say to those critics, why is everybody allowed to cram themselves into a target or a best buy or into the mall or any other large company, Big Corporation companies and theyre there running shoulder to shoulder with each other and everything like that but my establishment all of sudden somehow seems to be the only place that somebody is able to contact corona . Neil you know, zane, they do raise a good point, dont they . Well, yes and no, neil. I think everybody has a responsibility, deal with it. Weve got 23 restaurants open. I heard you talking earlier segment about needs and finances we have it as much as everybody. We have the needs as much as anybody, but neil, the only way we go forward is we beat this sucker. The only way we beat this sucker as long as everybody has it, anybody can have it and im all about opening our restaurants for business and doing as much business as we can. I have 1000 people to employ. However, however, i dont want to keep opening and shutting, opening and shutting. I have food to throw away. I have got people i have to fur loaf and hire back. The only way you do it, just do it like nike said. Im not sure. Yes, i empathize. Im a restaurateur, whatever problems any single restaurant has i have it times 23. People think because we have more restaurants we have less problems. Wrong. More restaurants, more problems. Were by far the largest Restaurant Operator in the new york metropolitan area by far, probably by 20. So that just enhances increases our problems and, i, if somebody eats in this gentlemans establishment and then comes into our and infects our staff and infects our people, who won . Neil you know, when i look at the incidents of, behind these spikes, theyre not occurring apparently in restaurants. Where crowds are thicker and wider, more, extensive, for example in stores and the like. Wouldnt that be a more tempting target here . I understand obviously cut down, you know, human interactivity if you can, socially distance, when the restaurants are doing all of that, the spikes are not coming from the restaurants. Agree 100 neil is it a simple solution, too simple, all right, restaurants seem like a good idea, gyms seem like a good idea yet no problem with people who rally outside in the streets shoulder to shoulder all of that . I dont see any method to the madness here. Neil, youre 150 correct as always, by the way. Its a conundrum. I dont believe shutting down is the answer. Dont misunderstand me. I think enforcement is the answer. We have people that will come into one of our restaurants because our name is applebees, two or three times in a given day, make sure we have our gloves, make sure we have our masks, make sure were doing hand sanitizing, walk past five other restaurants because they leave us because their folks go out where they watch next. Enforcement is the answer. Of the masking up apparently works. Yes, washing hands. There is some really simple things that can make it work but theyre not enforcing it. If they enforce yeah, sure we should stay open. Absolutely. This gentleman is 100 right, if he follows the protocals. I dont think, i, dont misunderstand me. Im not suggesting shutting down is the answer. What i am suggesting is enforcement of the protocals and necessities is the answer, for everybody, not just the highprofiles, not just brand names if you will but everybody. And well beat it. Neil yeah. You do raise a good point about opening and shutting, opening and shutting, like a revolving door issue here. Zane tankel, thank you very much. I hope all of this settles down. Thank you. Neil corner of wall and broad. The dow down 341 points. Kind of no matter what happens today, unless we go into real free fall here were looking at one of the better months in market history, for the dow, the best since january 1987, even with todays losses. Also want to leave you on this note this, was a huge year. It is not done yet for official public offerings. 140 billion bucks raised in no fewer than 383 of them. Easily breaking the dotcom boom of 1999. I left out the fact that the referring to the dow, we know what happened after january 1987 later that year and of course with the dotcom boom and the big ipo whirlwind activity in nut knit, we know what in 1999, i am pointing out what happened with those levels we reached them again. Will history completely repeat itself . Who knows. Neil all right, back with a bit of a selloff going on here. You have to wonder with all the vaccine news and Everything Else all promising stocks at least with the dow are having a rough go of it today. Charlie gasparino joins us right now, fresh im sure a happy thanksgiving, i hope a safe thanksgiving. What are we looking at here, buddy . Were looking at a new year, neil, the pandemic, if youre talking to wall street guys. Remember wall street always deals with the future. Stock prices price in future Earnings Growth and right now what is going on is a conversation about the future because the future will entail the end of the pandemic, at least thats what they believe on wall street. Every major firm is dealing with this, every Major Hedge Fund is trying to figure this out and thats the conversation going on now. By the spring the bet is the pandemic will likely be over. We should point out if you know anything about marathon running like 26 miles, the end of the marathon, 20 miles becomes the most difficult even though it is the end. That doesnt mean everything will be rosy tomorrow and people have to stop social distancing. Just that the street in doing stock trades is essentially betting that this thing is over by spring. So what happens when that, when it is over . A couple of simple trades and one trade that is not so simple that is interesting, that, i would be check out after reading Andy Kesslers brilliant column in the wall street journal today. Obviously people are starting to bet on airline and leisure stocks. People will go on vacation. People with money, that have been working, do have money to spend. That is probably how they spend it, going to vegas, taking trips. Those stocks should do very well. Here is what andy brought up, i bounced it around a bunch of traders and confirmed it as well, tech stocks could get hurt ironically. One of the reasons why we have dow close to 30,000 despite todays selloff because the indices are essentially dominated by the big tech stocks, apple, amazon, you name it. Netflix, not quite a tech stock but it benefited from the shutdowns because people were bingewatching television shows, shows of all types. Apple and amazon obviously benefited from the lockdowns in various ways. People resorted to zoom as opposed to going to work. When that cultural shift changes back to a more normal way of going back to work and living, when people will go on vacation, will go back to work those shares, you will have to start pricing in decline in revenue in those shares which have been trading up dramatically. So those shares could tyke a hit and these are conversations going on right now on wall street behind the scenes. I dont tell people how to invest, neil. I just throw out there with what i hear from fairly significant investors and this is what theyre talking about. There will be an end to the pandemic in the spring. It is just that you will have to figure out for yourself what are the winners and losers in terms of stocks and there will be winners and losers. Back to you. Neil i wonder we talk about the end of all of this, i think people will be Wearing Masks for years. I think you ever get a feeling, i think that is going to be built in for a lot of people, you know . Im thinking about that myself. Do i really want to take a chance, even if i get the vaccine . Neil right. I will tell you this though, if i can sit by a pool in vegas with a mask on i would do it, i dont care. I miss that part of my life. Neil the problem for you only wear the mask, then they have to kick you out of there. That is its a worry, its a worry. Thank you my friend. Im thankful for Charlie Gasparino best in the business. We have a lot more coming up, including, i stimulus. Theyre talking about lame duck stimulus. Heard that quack before, havent you . Quacking. In a land not so far away, people are saving hundreds on the most Reliable Network with xfinity mobile. They can choose from the latest phones or bring their own. And because they get nationwide 5g at no extra cost, they live happily ever after. Again, again. Your wireless. Your rules. Your way to stay closer together this holiday season. Switch and save up to 400 a year on your wireless bill. And get 300 off when you buy the Samsung Galaxy note20 ultra 5g. Learn more at xfinitymobile. Com. Neil could we see some stimulus . Yeah, it is back on again. Chad pergram in our Nations Capital here with what theyre talking about here. Hey, there, chad. Reporter neil, what is pretty doubtful as Congress Returns this week there are only three big items theyre looking at now. They have to fund the government by end of december. They have to pass the policy bill and frankly get a coronavirus deal. That is frankly pretty unlikely. The dispute remains how big of a stimulus bill should be. Listen. I dont think history will penalize us for overshooting here. Lets not argue on the margins. Lets make a big statement right now. Reporter but republicans still want a narrow, targeting bill after Congress Approved massive bills earlier this year. 3 trillion is a lot of money. We finished this year with about a 4 trilliondollar budget deficit. That is unsustainable. But we do need to help businesses in need. Reporter now as for appropriations lawmakers agreed to a 207 line spending number. The details still need to be worked out to not have government shut down. President trump threatens to veto the defense policy bill, changing names of confederate statues. The house passed with veto proof margins. He vetoed eight bills. You could see a veto override attempt on that piece of legislation. The other piece of good news, chuck grassley, republican senator from iowa returns. He has been in quarantine. He tested positive for coronavirus before thanksgiving. He says that he never experienced any symptoms. Neil . Neil that is very good to hear. Chad, thank you very much, chad pergram. Big question for you, should Illegal Immigrants be included in our census, the national census. The president says no way. The Supreme Court weighing that issue. David spunt with that. Hey, david. Reporter this is significant. This is the first time such a case came before the Supreme Court. Can the president eliminate illegal aliens from the census counting f it does that it would give the United States better idea how many legal citizens lived in the United States but the concern from many groups, neil, with significantly reduce the funding allocation for congressional districts, less people, less money from the federal government. Texas, california, new jersey could lose seats in congress if Illegal Immigrants are not counted. President trumps team argue he is the president , he can make the rules. He is in charge of the census. He will release final numbers by december 31st. The white house will submit the numbers and then the financial apportionment phase begins. Because of covid, the trump team said in court it could be delayed before the high court. The numbers may not be counted until the biden team takes over at the white house. They could totally kill the Supreme Court case and keep immigrants in the count. The hearing is the first big test for Supreme Court Justice Amy Coney barrett when it comes to executive power. She will decide on the case that deals directly with the amount of power the man who appointed her to the Supreme Court has. Here she is today. A lot of historical evidence and longstanding practice really cuts against her position. Reporter that is her questioning the administration talking about past president s. In the past no case ever made it to the Supreme Court in the past. All the Appellate Courts said Illegal Immigrants can be counted in the census. Neil . Neil david spunt, fine reporting. I appreciate it. David spunt following all of that at the Supreme Court. Well see where that is going. In the meantime trying to get an idea not only about stimulus but vaccines. If its a one two punch we see stimulus and see more vaccines and off to the races for better November December than the november we want to remember . After this. Some things are good to know. Like where to find the cheapest gas in town and which supermarket gives you the most bang for your buck. Something else thats good to know. If you have medicare you may be able to get more benefits without paying more through a Medicare Advantage plan. Call now to request this free guide. Learn about plans that could give you more benefits from humana. A company with nearly 60 years of experience in the healthcare industry. Humana offers a wide range of all in one Medicare Advantage plans that include medical and Prescription Drug coverage. Plus valuable extras that may include the Silver Sneakers Fitness Program and mail order prescription coverage. 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A licensed humana sales agent will walk you through your options, answer any questions you have and help you enroll over the phone. Plans with a zero dollar monthly plan premium are available in many areas. Call now and well also send this free guide. Humana, a more human way to healthcare. Neil all right. At the top of the hour, the east coast of the United States right now, focusing on a vaccine that looks promising. It could be out for emergency use like now. Moderna getting a good deal of attention and it follows others that are sort of lining up like planes at new Yorks Laguardia airport because there are going to be a good number of them. The rollout is something that the president hinted at would happen this year. A lot of people dismissed that. He was hinting again that we could see the rollout as early as next week. Blake burman joins us right now. Blake, first off, my thanks for your great job in my absence. Wish i had known that, i would have come in. But having said that, thank you, my friend. Whats the latest on this . Reporter is that why i had to scale the fence at the white house today . The secret service wouldnt let me in. I thought i might have been fired there for a second. Cavuto told them im out. Neil as if they would listen to me. Go ahead. Reporter clearly, as we start this week, hope you had a good thanksgiving, on this monday morning, the big news coming out of moderna which we have be talking about. The vaccine, 94 effective, their candidate, at least. Also, what is being highlighted by that companys ceo is that the severe cases were treated at 100 effectiveness. All the severe cases happened among the placebo group. Its part of the reason why moderna is submitting its eua, the emergency use authorization, to the fda. The ceo of that company suggested that the fda could take that up on december 17th, which would be one week after the Pfizer Vaccine gets taken up by the fda. Listen. The fda has indicated to us that likely the advisory committ committee, the meeting should happen on december 17th. Hopefully everything goes well in the next couple weeks, you could expect between a day to three days after the meeting for approval meaning we are able to ship the product. Reporter this was part of the reaction from President Trump earlier this morning. He took to twitter and wrote the following, saying quote, moderna now applying for emergency vaccine approval. Fda must act quickly. One thing that continues to occur is the latest spike in covid cases that we have seen all over the country. For example, the head of operation warp speed, the top scientist, dr. Slaoui, giving this warning earlier this morning. Clearly, the spike and the surge is happening and as has been said, we probably have experienced another surge on top of the current surge. Unfortunately, there will be a lot of disease, a lot of deaths. Reporter the hope, though, of course, is these vaccines which could potentially be coming online in the upcoming months. The doctor sort of laid out a runway going forward, saying he thinks the next four candidates could be in january, february, april and may. That is certainly the hope going forward. Neil . Neil all right. Blake, thank you very very much. Blake burman at the white house on all of that. In the meantime, want to go to the Freedom Works center for economic director, real clear market center, much much more. Obviously all the vaccine news is promising and all because the sooner we can get away from these lockdowns and disruptions, the better. They are doing a doozy on the economy, to say nothing of our Mental Health and more, huh . Yeah. You think about this, politicians in their infinite wisdom chose to fight a virus with mass economic desperation. This is unprecedented in global history. So anything that allows us to get back to what we were doing, lets not forget the economy was growing just fine before the imposition of these lockdowns so once you end it and if the vaccine enables an end to what never made sense, the economy will grow and grow rapidly. Neil so we saw other states reimposing restrictions and the like. You might have just heard in new jersey, indoor sports, things like basketball and hockey at the collegiate professional level, that all stops. These restrictions could keep going on and on. Yeah, they keep going on and its strange that people dont see the obvious correlation. In taiwan, just as an example, there are seven tests per 100,000 people. Thats the number. In the u. S. , we have had, what, 175 million coronavirus tests. When you do that, you are going to have a lot of cases but what we keep hearing about, of course, is senator grassley is another example we heard on your show, many people who have it dont have symptoms but if you are testing a lot, people say the virus is raging but the reality is if, in fact, it was raging and killing lots of people and making lots of people sick, wouldnt all these rules and lockdowns be superflous . Do we need to be told to avoid sickness, to avoid doing what causes us harm, i think not. Neil the thing about senator grassley, to your point, i was raising this with a top doctor, people of that age group, i think hes 87 years young and you get that type of, you know, virus, you test positive for it, it can be a problem. But increasingly we are hearing a subset of the population, you know, particularly the most vulnerable, that surviving this in far better numbers and with far Better Outcomes than ever before. Its remarkable. Yeah, thankfully, people who are healthy tend to have a good reaction or tend to be able to survive this. It just goes back to the basic truth that when anything comes up, if it really is lethal, any sort of force from government trying to moderate our behavior is excessive because we are going to take precautions on our own. Lets not forget politicians were once not politicians. The idea we need them to guide us seems a bit obnoxious to presume on their part, but look at what its meant for the typical business. Look at what all the alarmism has meant for people around the country, the job loss in the u. S. , the millions of businesses bankrupted, and lets think around the world, 285 Million People headed towards starvation all based on forced Economic Contraction by politicians. Neil you make us think. Thats what we appreciate about you. Thank you very much, my friend. Stay well. Stay safe. Stay healthy. John tamny. To johns point, not everyone is trying to go full throttle here, even in new york city they are trying to ease back on the restrictions that, you know, stop all inperson schooling in the Greater New York city metropolitan area. Not across the board and not for everyone. To Jackie Deangelis right now on whos affected and how soon this will start. Hey, jackie. Jackie hey, neil. Mayor deblasio in new york city doing what im calling a 180 here on his stance about reopening schools. He shut them down again but now hes saying because of the outrage from parents, that they are going to start a moderated phasedin reopening starting december 7th, next monday. Its not just here. Across the country, there are a lot of municipalities debating whether or not they should go back to Remote Learning as we head into the winter and we see this spike in cases that you were just talking about. Longterm we know that Remote Learning is reducing the students engagement, their performance, their development as well, and according to the Washington Post in virginia, for example, Fairfax County Public Schools, they operated mostly online. They published this internal analysis that showed that in middle school and high school students, you had those who were flunking at least two classes, 6 last year, it jumped to 11 . Thats an 83 increase year over year. Now, parents of the kids in Public Schools in new york city are telling me they are hiring very expensive private tutors, taking their kids to pods where they can engage with a tutor and with other children as well, just to kind of replicate the School Experience on a smaller level, and its hard because they are at home, they are trying to work themselves and then they are trying to do school on top of school for the kids. Listen to how impactful this can be, the Remote Learning for the Young Children. We know that Young Children and people who have variability in learning are most at risk because there is more of a range in how they manage information. Because of that, we particularly need a very systematic approach and its hard to provide that when its twodimensional with a distance of remote instruction. Reporter so Remote Learning saved the day in the beginning of the pandemic, but now we are in month eight, month nine of this. We may not be in the clear until next year and thats where you are starting to see the impact on students and i will say that Academic Development aside, theres a social component to this as well. The kids being isolated are really internalizing that and i know many parents who are telling me they see it in their children. They are worried it could have a devastating impact if they dont get back to school. Neil Jackie Deangelis, thank you very very much for that. This is not just an issue for Public Schools. The Kentucky Attorney general is essentially suing the governor over a demand that religious schools close as well. Take a look at this. When you tell folks who send their kids to religious affiliated schools, which is an act of worship within itself, that they cannot go to school, it infringes upon the First Amendment rights. Neil to Jonathan Morris on all of this, noted theologian, allaround nice guy. Jonathan, what do you think of that . You had the attorney general saying hold the line here, these are private schools, they are being very careful about what they do, who are you to with a broad brush shut down all of them, private, public, the whole caboodle . Its interesting. The mantra from a lot of governors including governor of new york and the mayor of new york city, especially, who are on tv so often, are saying you have to follow thens science, follow the science. Yet schools have proven time and time again in many different states that following the science would actually encourage us to open the schools, not to shutter them. The fact that now the governor of kentucky is saying religious schools must shut down, too, and maybe this is me being a little too skeptical, you tell me, but they have recognized the competition is now for the first time in a long time, religious schools because people are fleeing from shutdown Public Schools and going into catholic and other religiousbased schools. I would say we have to be very careful, what are the intentions of our politicians. Neil so you wonder whether this is not so much about kids and their safety, but this exodus from Public Schools, i dont know whats going on in kentucky but i do know that its been happening in the new york metropolitan area where a lot of Public School children have been flocking to Catholic Schools here, and other private entities, so you think something bigger could be plate . Whats happening in new york city and around the country, quite honestly, where the schools are being shut down, Public Schools are being shut down, is that the politicians are listening to the unions. Not to the teachers, not to the students, not to the families but to the union and its ridiculous. Now politicians and even the unions are recognizing oh, my goodness, unless we shut down religious schools, we are going to be in trouble. Especially when they go back and forth. They open, then they shut them down, they open them again because they are following dictates of Union Leaders and religious schools are saying hey, listen, the kids are safe. The kids are not getting sick. Its actually more dangerous for the kids to be sending them home for many reasons. Especially in those communities that are most in need socially, economically, financially. Neil you know, dr. Fauci has been saying what you did at thanksgiving, limiting how many people come to your home, i would like to see you do it one more time around christmas and hanukkah holidays, we think that will be the last time, he didnt say that, but he seemed to intimate one more time, we restrict crowds at home, that should do the trick, obviously its a very special holiday, special time of year, but how do you feel about that . Well, i think we are smart enough now to make our own decisions. I think its fine and helpful that dr. Fauci and others give us recommendations, but government should not be telling us whether or not we can have meals with two people, six people, 10 people or 12 people. My family had the conversation, should we have thanksgiving with my parents. They are older, they are in a bracket of people who would be susceptible to the virus. But we can make that decision now. And we can make that decision also about whether we go to church. Some of these places like new jersey now, they are saying ten people are allowed to be in a church building. Only ten people. Thats not following the science. Nor is it following the science to be closing down these schools. We know enough about the virus now and a lot more than we did before. Neil you know, its an unusual christmas this year but its going to be very different for you. You are now a married man. Congratulations. Yes. You know, i was a Catholic Priest for many years and during that time as a Catholic Priest, im grateful to pope francis for giving me this special dispensation as i requested, the possibility of pursuing the possibility of family life and marriage and god blessed me with this beautiful wife and this will be our first christmas together as a married couple. Neil im very happy to hear that. How was the wedding . Did you have to limit how many you could invite in the middle of covid and all that . Yeah. Yeah, we followed the regulations set by the city and by the state of new york. We were married in st. Patricks cathedral. Theres a capacity of 2500 people there. We had much, much less than what was the 25 recommendation by the church. The state actually allows 50 , but the Catholic Church has said only 25 in our churches. Thats just another example, i think people know how to protect ourselves from this virus. We were blessed to be able to do this very carefully but to have our family and friends there. Neil now that youre a married man, not that you would ever get into an argument, but do you resort to i used to work for god . Well, that might work with you, but as you know, neil, it does not work with your wife. Im finding that out very quickly. Neil well, congratulations. Many, many years of happiness. You richly deserve it. You are a good and decent human being, a shining example of people just to treat each other decently. More after this. Two medical societies have strongly recommended to doctors to treat acute, nonlow back muscle and joint pain with topical nsaids first. A formulation they recommend can be found in salonpas. A formulation they recommend can be found in salonpas. Salonpas. Its good medicine. Hisamitsu. Its moving day. And are doing the heavy lifting, jess is busy moving her xfinity internet and tv services. It only takes about a minute. Wait, a minute . But what have you been doing for the last two hours . Delegating . Oh, good one. Move your Xfinity Services without breaking a sweat. Now thats simple, easy, awesome. Xfinity makes moving easy. Go online to transfer your services in about a minute. Get started today. Neil all right. Never mind that the arizona secretary of state has just certified the Election Results in that state that went to joe biden, i might point out. To matt finn in phoenix, arizona where the Trump Legal Team aint done. What are they up to now . Whats going on . Reporter well, today they are holding an informal hearing at this Downtown Phoenix hotel and as you can see, theres been lots of President Trumps supporters here at this stop the steal rally, outside of the hotel. Now, todays hearing is hosted by several Arizona State senators and representatives and President Trumps attorneys, Rudy Giuliani and jenna ellis. But this is not an official bipartisan hearing at Arizona State capitol where witnesses are being sworn. Instead, this is described as a factfinding hearing. So far, giuliani has done a lot of the questioning with one of the witnesses talking at length about dominion voting. Todays hearing is happening as the state of arizona is set to certify its vote with president elect biden as the winner. The president s attorneys and republican lawmakers at todays hearing are trying to collect any evidence that would justify or trigger arizonas entire legislature to hold a special session with the trumps team insisting they could potentially change how arizonas electors would vote in the Electoral College on december 14th even though the law says the voters have already spoken and chosen arizonas electors and here in the state of arizona, the republican governor has also acknowledged that joe biden won this states 11 electoral votes. Neil . Neil all right. Thank you very much for that, matt finn following all of that. The president , of course, as you know, has been very critical of the entire process and said it was suspect right from the beginning. Heres the president commenting on just that. Its massively powerful, its massively corrupt. The media and big tech. Section 230 should be taken out. Thats the protection that was given artificially to them. But its a massive form of corruption and silence and suppression. Neil all right. It would have to be very very massive and it would have to be very very significant to have changed the results or potentially to reverse the results from the election. Right now, kellyjane torrance, New York Post Editorial Board member with us. They havent provided any evidence to that. I understand where the president is coming from to say that he cant believe these results and that he got, you know, 74 million votes, only guy who got more was the guy who beat him but the guy didnt beat him. Where is all of this going . Its a great question, neil. Yeah, i can understand the president s frustration. The media including social media were really in the tank for biden and its true, as you know. The New York Post reporting for example on some of Hunter Bidens overseas dealings. Facebook exec went on twitter bragging about suppressing it. Twitter locked our account. I understand his frustration, but yeah, joe biden won the election. I think that theres a few reasons why President Trump continues to fight, and one of them, he actually mentioned on his twitter account just this weekend, which is that hes fighting for those millions of people that voted for him. I talked to a number of trump voters and they actually do feel that they want trump to fight, to go and use every legal challenge he can get until the very end because they feel they voted for this candidate, they see some irregularities in places and they are concerned about them. And there were irregularities. I dont think there were enough of these things, of course, to change the election result. There was not widespread fraud. But there was some in certain places and there are some things that look a little suspicious. President trump did win at first in pennsylvania, challenging the fact that in philadelphia, their observer, the republican observer, was not allowed to watch as closely as they wanted to. So you know, i think President Trump is fighting for those people that voted for him. He also wants to go down fighting. Hes not the kind of guy that wants to concede easily. He wants to look like hes done all he can and hes fighting all he can. You know, i will say that in terms of the future, he actually i think cares somewhat about the Republican Party and its future without him. Hes going to be campaigning in georgia, in fact, for those run justify candidates. I think he knows hes lost, hes going to be leaving the white house, so he doesnt have to do that. But in some ways while he looks [ speaking simultaneously ] neil i dont know if hes helping his cause, bashing republican governors, secretary of state in georgia. You say hes trying to help the Republican Party and life down the road. But he has a funny way of showing it. Is it just i know for a lot of Trump Supporters this is very hard to digest, maybe for the president , the hardest of all to say i lost, i came close but i lost, and end of story. Does this help his cause if he still refuses to acknowledge something that might be undeniable and maybe go so far as to say all right, the Electoral College has ruled, i lost this election, i didnt lose fairly, it was rigged, it was fraudulent, is that any way to act . Is that president ial . Or is that just a sore, bitter loser . Well, lets face it, donald trump often asks unpresident ial. Thats one of the things i think his supporters like about him. Yeah, i think it would be much better for President Trump to spend his last days in office pointing to his legacy and figuring out how to keep that legacy going despite a Biden Administration. We are seeing a little bit of that behind the scenes, you know. They have been working on trying to strengthen sanctions against iran and i suspect that the United States knew about what was going to happen to the head of the Iranian Nuclear program, who was just assassinated. Theres a lot of things President Trump could do to really strengthen his legacy, talk about his legacy and have people remember him as, for example, before the pandemic, the president who had record low unemployment numbers, including for minorities. These are great things that he should be reminding people of, trying to get the economy back on track despite the pandemic thats still lingering neil do you think he is setting the stage then for 2024 run . There had been talk on the day of the inauguration itself for joe biden, hes going to do Something Like that. A, have you heard the same thing and b, if he does that, the impact even for a future run . What would it be . I have heard that as well. You know, im kind of of two minds. I wonder, would he really want to risk losing once more . But at the same time, i do think a republican would have a very good chance in 2024. I suspect he will not my feeling is that hes not actually going to announce. Hes going to leave it up in the air. He likes to keep people guessing. Hes going to want to know what the Political Climate is going into 2024. Thats four years from now. I think he will want to wait a couple years to see if it looks good for a republican to win. Hes certainly not going to go in at this point, this next time, if he thinks he has not a good chance of winning. Neil all right. We will see what happens. Always enjoy having you on. Kellyjane torrance taking a look at that. Meantime, taking a look at the plan by the incoming Biden Administration to forgive upwards of 1. 5 trillion in Student Loan Debt. One little minor detail. Who pays for that . After this. I felt like. I was just fighting an uphill battle in my career. So when i heard about the applied Digital Skills courses, im thinking i can become more marketable. You dont need to be a computer expert to be great at this. These are skills lots of people can learn. I feel hopeful about the future now. Neil all right. Right outside fox news headquarters in midtown manhattan, on the avenue of the americas, thats our fox business second, maybe third year weve had that tree. Beautiful tree. Theres not a spare inch where theres no bulb or decoration. Its a heck of a lot prettier than the one theyre putting up at Rockefeller Center. I dont know where they got this Charlie Brown Christmas Tree they are putting up there. The scaffolding actually looks better than the tree itself. I dont mean to disparage the choice. I just think they cut down the wrong tree. Its so bad, we showed it in black. They make it more insulting in the greater midtown manhattan area. You need tickets to see that thing. They are trying to cut down on crowds. You have to get tickets to go to the Rockefeller Center Christmas Tree which is quite the event. Broadway shut down, radio city shut down and Everything Else, its not quite the same feeling and i can understand crowd control and all of that, but as if. Tickets to see that thing . I dont think so. Walk by ours and youll say wow, those fox guys, they know a thing or two about Christmas Trees. Welcome back, everybody. Very glad to have you. We are following another number of developments as we get ready for a new president who takes over on january 20th of next year. Gerri willis following up on progressives who are following up on the president elect to spend a lot of money, about 1. 6 trillion to forgive a lot of student loans. That is just for starters. Gerri willis with more on that. Hey, gerri. Gerri hey, neil. Thats right. So you know, should the federal government forgive 1. 6 trillion in Student Loan Debt . Well, if you listen to the progressives, it might sound like a pretty good idea. But if you look into it, underneath the covers, the benefits are highly debatable. Lets start with the idea that Debt Forgiveness would be progressive, benefiting low income americans, right . Thats the idea. Left of center think tanks, though, brookings, says this isnt true. An analysis conducted by brookings senior fellow, forgiveness of 50,000 in student debt would benefit the top two highest earning quintiles of americans. In other words, rich people do better than poor people. The bottom 60 of households would receive only 34 of the benefit. Now, thats because nearly half of Student Loan Debt underwrites grad school. That is to say, largely education for doctors and lawyers, right . Not exactly a recipe for progressive reform. President elect joe bidens proposal, of course, to forgive student debt isnt as forgiving as Elizabeth Warrens. Its only 10,000. Thats the cap. Biden argues forgiveness would act as a stimulus and spur spending with scholars disagreeing, saying stimulus is about the here and now and loan forgiveness is about money owed five, ten, 20 years down the road. Look, when you look at this in depth, the other thing thats obvious is that colleges wont be incented to cut costs because if uncle sam is giving his money to pay these bills, so netnet, im not really sure who the beneficiaries are going to be other than the next generation of doctors and lawyers. Back to you. Neil thank you very very much. Gerri willis. To dan geltrude. Dan has a pretty good idea who will foot the cost of all of this. I have a feeling its everybody else, right . Yes, it is. Look, this may sound like a great idea, but its not. Its a terrible idea. Really, if they want to fix this problem in terms of how much education costs we should go to what the problem is, and thats that the cost of college has not moved at the same pace as inflation. Now, lets just take princeton as an example. So when you applied there, neil, in 1992, the cost per semester was 8300. Now it is 26,000. But if it had just moved with the rate of inflation, then the cost per semester would be 14,000. So we can see that the cost for universities is outpacing inflation. Not to mention how easy it is to get a loan. They just basically throw money at these kids and their parents, and they say okay, well, well take that because little johnny or little cindy wants to go to princeton or whatever, so well just pay for it with loans and well deal with it later. Neil i do wonder, too, once you open the spigot for these type of things, you open it for a variety of other things. Republicans are hardly in a position to point their fingers and lecture anyone at going into deficits and debt, but this could really compound things. In a year where were accumulating a deficit that used to be our entire debt, and we keep piling on to it, we have to remind people, we have to pay that back. I dont think the people in washington are too concerned about paying things back, neil. Because theyre not doing it. So if the politicians there look at 1. 5 trillion to just add on to what will be 30 trillion and counting in a very short period of time, does it really matter that much. I think they are looking and saying how many boats does this buy. If we get a whole bunch of these young people who we just forgave their Student Loan Debt, they are going to be voting for us for a long time. To me, thats really the play. Its not about fixing the problem. Thats really unfortunate. Neil all right. We will see what happens. You are quite right. Once you start something, its very hard to undo it and unwind it. Dan geltrude on all of that. To dans other point, as we leave you for a quick break, think of all the people who have been paying off their college loans, who have been meeting their obligations and they discover someone else gets them all forgiven. How do you explain to that person or his or her parents that they got a pass . I have an idea for a trade. Oh yeah, you going to place it . Not until im sure. Why dont you call Td Ameritrade for a strategy gut check . Whats that . You run it by an expert, you talk about the risk and potential profit and loss. Couldve used that before i hired my interior decorator. Voila maybe a couple throw pillows would help. Get a strategy gut check from our trade desk. Do you have a Life Insurance policy you no longer need . Now you can sell your policy, even a term policy, for an immediate cash payment. Call Coventry Direct to learn more. We thought we had planned carefully for our retirement. But we quickly realized that we needed a way to supplement our income. Our friends sold their policy to help pay for their medical bills and that got me thinking. Maybe selling our policy could help with our retirement. Im skeptical, so i did some research and called Coventry Direct. They explained Life Insurance is a valuable asset that can be sold. We learned that we can sell all of our policy or keep part of it with no future payments, who knew . We sold our policy. Now we can relax and enjoy our retirement as we had planned. If you have one hundred thousand dollars or more of Life Insurance you may qualify to sell your policy. Dont cancel or let your policy lapse without finding out what its worth. Visit conventrydirect. Com to find out if you policy qualifies. Or call the number on your screen. Coventry direct, redefining insurance. Neil all right. The president is going to use the trump effect, that is his soeven own self, if you will, to influence the vote for the two Republican Senatorial candidates, the incumbents, in the fight of their lives on that Runoff Election on january 5th. It all goes down this weekend. What we can learn from that from Steve Harrigan in atlanta right now. Reporter a bitter fight on the airwaves going on between the four candidates for senate in georgia. Runoff race set for january 5th. Two republicans, two democrats. But a wholly other fight going on and this time its between republicans over the voting procedures in the president ial ballot here in georgia. We just heard a short time ago from a judge last night has issued an order that three counties in georgia should not wipe or erase voting machines, not wipe or reset those voting machines. The secretary of state for georgia, the person in charge of the elections here, has said that the claims of voter fraud in georgia are false and he said basically President Trump is being deceived by dishonest actors. This is a republican, georgia secretary of state saying the president is deceived. The president himself was critical of the governor and the secretary of state, all republicans, on sunday and again today, tweeting about the governor of georgia why wont governor brian kemp, the hapless governor of georgia, use his Emergency Powers which can easily be done to overrule his obstinant secretary of state and do a match of signatures on envelopes. It will be a gold mine of fraud and we will easily win the state. Those votes, almost five million for president , are being counted now for the third time. Biden had a lead of about 12,000 votes. Those votes have been certified. We will wait to see that recount due december 2nd. President trump comes here on saturday, ostensibly to campaign for the Republican Senate candidates but we expect to hear a lot more about his vote as well. Neil . Neil is there any indication the president could be right about any of this . They are alleging we are on a third count right now, surely we would have seen some of this fraud come to light if it were the case. Reporter the Election Officials in georgia have said repeatedly that there have been minor incidents of problems with elections, there are a number of investigations ongoing with elections, but they say it does not rise to the number of plus 12,000 votes from the president. So they say those charges are unfounded. Neil . Neil all right. Steve harrigan, thank you very very much. A lot more coming up, including the fact this is cybermonday. I know you are very busy doing your work, watching this show you would probably not want to go away to order something online unless you are like millions of americans doing just that, ordering something online. Wonder if they can multitask through this show. [ sigh ] not gonna happen. Thats it. Im calling kohler about their walkin bath. My name is ken. How may i help you . Hi, im calling about kohlers walkin bath. Excellent happy to help. Huh . Hold one moment please. [ finger snaps ] hmm. The kohler walkin bath features an extrawide opening and a low stepin at three inches, which is 25 to 60 lower than some leading competitors. The bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. Kohler is an expert in bathing, so you can count on a deep soaking experience. Are you seeing this . The kohler walkin bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassage. Everything is installed in as little as a day by a kohlercertified installer. And its made by kohler americas leading plumbing brand. We need this bath. Yes. Yes you do. A kohler walkin bath provides independence with peace of mind. Call to receive 1,000 off your kohler walkin bath. And right now were offering no payments for 18 months. Neil all right. For traditional retailers and going to physical stores, it was kind of a bust on black friday. But for online sales, a record 9 billion worth and its expected to be eclipsed today, cyber monday, with likely 4 billion dor 5 billion more tha that. Grady trimble in chicago on how thats all sorting out. Hey, grady. Reporter black friday in person was sort of a bust by design. Retailers were really pushing people to shop online, and they did, in large numbers. It was the second biggest day for Online Shopping ever, behind only cyber monday from last year. This year, on cyber monday, expected to top that. Americans are expected to spend between 10. 8 billion and 12. 7 billion today. Thats up between 15 and 35 compared to last year. Foot traffic, of course, has been way down at retail locations, including this walmart, down about 52 compared to black friday last year. But like i said, that was by design. The retailers started the sales early and they really encouraged people to go shop the online doorbusters this time around. Target, as an example, in the month running up to black friday, and this week, this past weekend, their sales were up 305 , according to edison trends, but amazon, as you might expect, still had the market share of about 55 for online sales over this past weekend on thanksgiving and black friday. But people are convinced that the best deals are on cyber monday. Here are some of targets deals on cyber monday. Apple watch, you can get a deep discount on that. The Roku Streaming stick, instant pot duo, that is on sale and so are dyson vacuums. They are a popular item. They are on sale in person and online. There are plenty of other sales going on. Im sure you know that, if your inbox is like mine. I have been flooded with emails today from anybody i have ever bought anything from in the history of time. Neil yeah. I dont know where all these Hickory Farms ones are coming from that im getting but youre quite right. Thank you, grady. Be warm out there. Grady trimble in the middle of all that in chicago. By the way, for gym owners and all, its a problematic time despite what you hear about businesses coming back to life here and a lot of them getting rolled back or locked down again. The crunch fitness franchise ceo joins us again to take a look at how gyms are dealing with all of this, because sometimes youre open, sometimes youre not, sometimes they limit your traffic or shut you down all together. Where are things now . Well, right now, across the country, for our network, we are at about 85 open. We are just recently experiencing some pullbacks, as you mentioned, whether california or pennsylvania or different areas of new york. But the franchisees and the Networks Holding up very very well. Theyre adapting, doing all the things we can to keep members comfortable and safe. Overall, we are doing well. Certainly challenged but looking forward to coming out on the other side. Neil yeah. I was wondering because youre everywhere, im wondering the rules are different in california than they might be in new york than they might be in another locale but you have to be on top of all of those rules and regulations, crowd size issues and all of that. How do you deal with that . Your Standard Practice . I noticed some of the things where you talk about contactless checkin and workers who have to wear masks and gloves, deep cleaning multiple times, all that. You are doing that no matter where your gyms are, right . Yeah. We have an extensive list of measures we take to make sure consumers can come in, members can come in and be, you know, happy and healthy and worryfree. One of the challenges of the industry today is that we really feel like we have been categorized incorrectly. Health clubs in our view are really part of the health care continuum. All the doctors are saying you need to have a strong immune system and make yourself less susceptible to the virus, eat well and exercise. What our industry does, we are here to help people maintain and improve their health, whether its diabetes or high Blood Pressure or heart disease, which is the number one killer in the United States right now. Cholesterol, anxiety and stress. What our position is, if you are taking that resource away from 60 million members in the country right now, which is what the Health Club Membership is at, thats really not the best time to pull that resource back when you can go into the clubs and do it in a safe way. Neil im wondering, too, as far as i know, you are probably more up on this than i will ever be, but i havent seen virus spreads from gyms. For that matter, even restaurants, also dealing with the same thing you are. Youre open, youre closed, your hours are limited, not limited. But they are coming from different venues, more crowded, packed public venues. Certainly, you are restricted in your own gym. So where is this coming from . Well, thats been one of the largest frustrations for the industry is we are packaged in as being a spreader which were not. The industry then asks for the data. Then we are not able to receive the data. So actually, some industry providers have actually made requests to see that data because we havent seen it. What we are seeing actually is more Third Party Data to support that we are not spreaders. A couple of points i would like to show you. The county of san diego, which is one of the largest, most populous counties in the country, one of the most crowded health club markets, say health clubs are only responsible for. 05 infections. The only category less than health clubs were Outdoor Activities. Similarly, the state of louisiana, this is statewide data, ranked health clubs 14th out of 18 categories. Again, with only Outdoor Activities being less of a risk. We feel pretty good about that. Recently, the Chicago Medical Society which represents 17,000 doctors, sent a letter to mayor lightfoot asking them to keep clubs open and keep them open longer so we can avoid any hour restrictions so their doctors could exercise to keep themselves healthy so they could do a better job keeping everyone else healthy. Neil i wish you well, ben. Crunch fitness franchise ceo. A lot of this, to bens point, is just common sense. Obviously take care of your health. That includes when you are exercising, just as it does when you are in a restaurant and trying to have a good time. Spread out, do everything right, do everything the way you should, common sense. It certainly beats the anvil of government law. More 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. Want to brain better . Unlike ordinary memory supplements neuriva has clinically proven ingredients that fuel 5 indicators of brain performance. Memory, focus, accuracy, learning, and concentration. Try our new gummies for 30 days and see the difference. Neil taking one last peek at the selloff at the corner of wall and broad. The dow down 360 points. It is not as bad as it was. Down 425 points earlier. Keep in mind even with the losses were still looking at a record month, certainly the best month weve seen for the dow since january 1987. I should also point out that this comes despite news pending home sales a sign of future activity, in october fell a little more than 1 , down 1. 1 . Most were looking for a gain of 1 for the month. Were also keeping an eye certainly on the friday granddaddy economic number of them all. That is the employment report. Were expecting to see anywhere from 400,000 to 500,000 jobs added to the economy. It would be down from the 600,000 plus from the month before. Were looking to see the Unemployment Rate to dip down below 6. 7 to 6. 9 . To put that into a perspective, there was a time we were touching north of 15 unemployment at the time of the pandemic. We have more than halved it since the height of pandemic. It is remarkable testament to american resilliance and these online Sales Numbers as well. To charles payne. I have had is david asman. David it is david asman. Neil thanks for your help during my absence. Thank you. The investors reacting to moderna asking for emergency use of its cove dove vaccine. There are now six of them. Well have the very latest. What it all means for your portfolio. Joe biden announcing his picks for Economic Team and he is getting bombarded from both the right and the left so what does a biden