Transcripts For FBC Varney Company 20240711

Trillions from washington, more printing by the fed, that is a shot in the arm for stocks. Look at this, the dow industrial is going up maybe 300 points plus at the opening bill. The s p up 33, nasdaq up close to 100 points. Investors are really shrugging off the new round of stay at home and lockdown orders. And restrictions, were new ones in new jersey, ohio and california. And, yes, another case of lawmaker hypocrisy. L. A. County supervisor sheila are cool voted to ban Outdoor Dining at restaurants and then promptly went out for an outdoor meal at her favorite restaurant in santa monica. Youd think theyd learn, wouldnt you . Weve got a big show for you. Were going to introuse you to monetary introduce you to monetary theory. You dont pay for anything. Youll meet the man who declared an autonomous zone around his bar. Now, that is defiance. And youll meet the california guy who is flipping burgers on the sidewalk because they shut his restaurant down. And today, yes, we have got a Tuesday Morning rally. Varney company is about to begin. Anything can happen, anything can happen. Stuart anything can happen. Yes, anything can happen. Isnt that right, susan . [laughter] anything can happen. Anything. So optimistic. I like that on a tuesday. Stuart big smiles this morning. You like the tie . I like the tie. Stuart lets go. [laughter] weve got a rally. Fantastic. Stuart West Virginia got a rally going on weve got a rally going on. Were going to be up about 300 at the opening bell, and were coming off an historic november for the stock market. What does that mean for december . Might mean december gains are more muted. The best november ever for the s p 500 and the russell 2000, best november for the dow since the 1920s. All three of the benchmark recording explosive doubledigit gains in the month. Outperforming sectors were the ones that have been lagging, energy, financials, industrials, materials like plastics, paper and metals. So what does that mean for december which is typically, by the way, one of the strongest months of the year with the socalled santa claus rally, extra money left over after budgeting all year long. The broader s p 500 usually goes up over 70 of the time with an average gain of 1. 5 in december. But heres the but, after stronger novembers of 10 plus, there arent that many [laughter] stuart true. December usually goes up less than half the time and less than 1 gains when that does happen. But, look, the way were starting off the month, that might not hold true. Stuart look at that on the screen, that is bright green, ill call it that. Look who is here, mike murphy. Mr. Murphy, looks to me like the rally today is all about the stimulus package. Have i got it right . Good morning, guys. Well, i think, stuart, thats part of the rallied today. But remember, we had a selloff yesterday, we shook it off and rallied into the close of the market. But i think the market would welcome shortterm stimulus because its just pricing money, free money coming into the market thats going to find its way into stocks and, ultimately, push prices higher. However, i think the one thing that you have to remember, stuart, is with rates extremely low like they have been and will continue to be, that acts as its own stimulus. So this may push us up a couple of hundred points here or there, but the reason ive been so bullish on this market, one of the primary reasons, is that we have stimulus out there. The low rates act as a stimulus. So theres a lot of great opportunities in this market still even at 30,000. Stuart dud i hear you with did i hear you talk about dow 40,000 in a couple of years . I did. You know, i missed the balloons when we crossed 30,000 with you last week. [laughter] look, heres where we are, we have the companies that are driving the s p 500 right now, the big tech names, a lot of the high growth sectors in the country that make up the s p 500. Theyre still growing. Theyre still growing their top line. Theyre still growing their bottom line. Is so if we continue to see that, we can see 10, 15, 20 type moves in the market on an annualized basis for the next few years. That gets us to 40,000 in press than three years time. Stuart were going to leave it right there, mike. When youre iowa held of the game ahead of the game, you leave it right there. Well take that. Mike, great to see you. See you again soon, thank you. Floridas governor, ron desantis, slamming people who want schools closed, calling them todays platte earthers because flat earthers because theres no Science Behind it. Do you remember this from Speaker Pelosi . This was back in july. Roll tape, please. Are you confident that students and teachers will go back safely to school in the fall . No. I i think what we heard from the secretary was malfeasance and dereliction of duty. This is appalling. Theyre messing, the president and his administration, are messing with the health of our children. Going back to school presents the biggest risk for the spread of the coronavirus. Stuart well, well, well, the biggest risk is going back to school. The gentleman on the righthand side of the screen is dr. Marc siegel. Hes the author of the book, the politics of fear and the power of science. Doctor, i say flat out open up the schools and open em up now. Are you with me . Completely. Look at the Public Health costs of keeping the schools closed, stuart. Young children cant socialize. Theres no Mental Health screenings, theres no dental screenings, theres no eye screenings. Immunizations are down 22 in the United States for diseases other than covid. Its an enormous mistake not to consider that. And the rate of spread, according to a Brown University study, is very low among Young Children and from young churn to teachers. Children to teachers. Of course the schools have to be open. Look at california where almost the entire state is in a purple tier. Its almost impossible for the schools to stay open under these conditions, let alone the businessesment. Stuart ive got to say though i have some feeling for california. Governor newsom, he is threatening more serious lockdowns across the state, and as you say, much of the state is purple, meaning a severe lockdown. But what is he supposed to do . The hospitals are almost full and are filling up rapidly. What is the governor supposed to do in that situation, doctor . I think he needs to be consistent, stuart. By the way, you know, you said theyre almost locked down. You cant go out after 10 00 at night til 5 00 in the morning, almost every business is closed. But its government buildings that have twice as much spread in them than restaurants do. And how about this hypocrisy, stuart . A liquor store is considered an essential business in california. Hollywood liquors i dont mean to point you out youre open 24 hours a day. People can buy gin and vodka, but they cant go to school. Stuart point taken, doctor, definitely. One more for you, an l. A. County supervisor facing backlash of after eating at a restaurant just hours after voting to ban outdoor eating. Ill get back to more on this in a second but, doctor, thank you very much for joining us. Ive got to move on. Thats also hypocrisy. You cant believe the leaders, thats the problem. Stuart im sorry to do this to you, doctor, but youre absolutely right. Lauren, give me the story on the l. A. County supervisor, please. Yeah. You cant believe the leaders, and wheres the evidence . So supervisor of l. A. County sheila cool, she ate at santa months il forno last week, so why did she eat at that restaurant is . This is what her team says, quote she loves the restaurant, has been saddened to see it, like so many restaurants, suffer from a decline in revenue. Well, stuart, her vote is causing even more financial pain, and it comes without appropriate evidence to back up how eating outdoors actually spreads the virus. But, you know, as you were just saying with dr. Siegel, in a way this is all moot because with the infection rate and hospitalizations spiking in california and Governor Newsom threatening drastic lockdown measures if necessary, you know, everythings going to shut down anyway. [laughter] stuart what a situation. Let me get back to dr. Siegel. Your reaction to this. I mean, do as i say, not as i do. Ridiculous. I mean, stuart, i love that shes so caring about this restaurant. She feels sod sad. But with you know what . What about mcdonalds and burger king and Dominos Pizza that are also closed . A lot of poor people have nowhere to go with for food. Id like to see her at a mcdonalds before i believe what shes saying. I think she just misses whatever shes ordering there. Stuart sarcasm is very effective on occasion, doctor, and you use it well. Sew you again soon, thank you. Now, the media, lets get to them. They just cant help but fawn over joe bidens allfemale Communications Team. Watch this. The first time in history either party has ever put forward this allfemale leadership team. This is a first, history making. These roles, which are typically held by men a lot of the time, its just nothing is going to be traditional in this white house. Stuart well, did they forget that President Trumps own Communications Team has been led by women . Were all over this one, believe me. Ford ordering a dozen ultracold freezers so they can safely store pfizers vaccine for their employees. I want to know more about this. Will the vaccine be mandatory for ford employees . We will certainly ask that question. First, though, another look at futures, please, because its looking good. Green all over the place. The dows going to be up 300. More varney after this. You must whip it. No one gets their way until they whip it. I say whup it, whip it good 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. My husband would have been on the sidelines. But not anymore an alternative to pills voltaren is the first full prescription strength nonsteroidal antiinflammatory gel to target pain directly at the source for powerful arthritis pain relief. Voltaren. The joy of movement. Voltaren. In a on the most reliable, pnetwork 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. Stuart were going to show you this again because we think youll like it. Dow futures show a gain of 300 points. Nasdaq futures show a gain of nearly 900. S p up 100. S p up nearly 1 . That is a rally. And we have some what i would call eyepopping numbers from the chinese carmaker ni e o. Tell me more, lauren. This is incredible. It is a jump of 111 from last year. So now theyre working to increase production because the orders are flowing in. Nio is, and i had to read this several times, theyre the fourth largest i automaker in the world behind tesla, toyota and volkswagen. 6 billion more in market cap than general motors. Shares up more than 2,000 in the past 52 weeks. Goldman sachs is rewarding them and upgrading them to neutral. Is so nu e o, the chinese electric car company, once doomed the tesla killer, is really rallying recently. Stuart its the Fourth Largest Car Company in the world, and i cant remember seeing a nio car. Fascinating. Lauren, thank you. There arent many of them. Only sold in china. Thats why. Stuart i havent seen a picture of one. You havent . Stuart i should, i could look it up. Yes, exactly. Stuart lets talk tesla. Its up 4. 8 . Theyre going to be heres the story. Theyre going to be added, tesla, all at once to the s p. What does all at once mean . It means the stock rallying this morning. All at once means that index bonds that mirror the makeup of the s p 500 now have to buy tesla stock in just one go instead of two different times, and there was talk that it would be phased in over two different dates instead of just one. This is because tesla is just so big, the Largest Company ever added to the broad orer index, up over 500 this year, and when it joins the s p, itll already be one of the Ten Largest Companies on the broader index. Goldman sachs says and they predict that 8 billion worth of tesla stock will be bought right off the bat by these large cap mutual funds. Theres a lot of money out there currently, 11 trillion worth in assets that are benchmarked for the s p. Do you understand thats a lot of money to buy and include tesla which is stock positive for the price . Stuart the numbers are incredible. Nio, Fourth Largest Car Company in the world, tesla is up another 5 almost but, you know, tesla delivers more cars per month than the next three chinese lek track Car Companies combined electric Car Companies combined. Stuart i missed it all. Where were you, susan . Hard to convince a guy like you, you know . [laughter] stuart all right. Ford motor company, theyve ordered 12 ultracold freezers that can safely store pfizers vaccine. The man in charge of this project is with us now. Jim, welcome to the program, good to see you. This vaccine, youre going to organize delivery to ford workers. Is it just for ford workers . No, our employees are our most important asset. From the very beginning of this crisis, we wanted to do everything to keep them safe and get them back to work. So the purchase of these freezers are just making sure we have the ability to make the vaccine available to them. They have the best possible means of staying safe and keeping our plants running. Stuart thats all good, jim. You tell me, do the employees have a choice . Is it mandatory that they take the vaccine that youre providing . Yeah. Look, stuart, we want to make sure we have everything available to our employees. We certainly have some protocols that are mandatory, and theyve worked very well for us throughout the pandemic. From the very beginning, the mission was to do everything we can for our employees and supporting frontline workers and Health Care Workers, but since that time [inaudible conversations] stuart ive got it, ive got it, jim, but this is a very important question. Youre providing the vaccine for your employees. Do they have a choice . This is going to be the on a voluntary basis is. We have to make sure we have the vaccine available to them once its available to us and we have the ability to distribute and support them as quickly as possible. Stuart will you allow someone to go to work at a ford plant if they have not taken the vaccine . You know, were still working through the overall protocols, stuart. Again, the focus for us is to make sure that every possible safety precautions is available to our people, because theyre the most important thing to us. Stuart jim, what youre doing is laudable, no question about it. We just want to know if this is going to set a pattern for other companies around the country who get the vaccine, what are they going to do with it. Are they going to force their employees or not. Is it a passport to go to work or not. Thats what we want to know. Last one, jim. Who pays for this vaccine . Yeah. So, look, stuart, were working through exactly how to do that. We always invest in the best things for our employees, and thats why were focusing on getting them availability of that vaccine once were able to get to it. So cost has really not been an issue as we focus on doing whats right and making sure not only to we take care of our own, but were doing our best with ppe, masks and donating masks to people that are in need to help the greater good. Stuart yes, you are. Ive got a long list of all the ppe youre distributing, its a long list, indeed. Jim, good stuff. Ing thanks very much for joining us. We really appreciate it, sir, thank you. Thanks so much for having me. Stuart were going to turn to the airlines because theyre preparing to transport this vaccine, and they are facing logistical challenges. Whats the big problem, lauren . Well, they have to keep it cold, they have to keep it stable, and they have to secure it against theft or tampering. So we already know that united has moved pfizers vaccine from europe to chicago. They got clearance to carry five times the legal limit of dry ice to do that. American airlines is testing trial flights from miami to south america where theyre using thermal packaging. And when this is done on a large scale and in a hurry, you have to remember the state of the airline industry. They still have more than a quarter of their fleets grounded. So they have to get it up and running really fast and also outfit the cargo area of passenger planes in order to do this as well. Its not easy. Stuart indeed. Lauren, thank you. Again, lets look at the futures because youre going to like what you see. A gain of 300 for the dow, and the market opens in six minutes. Were going to take you after this. I got a love that keeps me im a lonely boy, im a loan hi boy this is decision tech. Find a stock based on your interests or whats trending. Get realtime insights in your customized view of the market. Its smarter Trading Technology for smarter trading decisions. Fidelity. 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And then we have airbnb, yes, indeed, they are ready to go public. The ipo this month. Mark mahaneys back with us, market guy. Mark, you are comparing airbnb to a couple travel companies, bookings. Com and expedia. How do they stack up . Thats the comparison that all investors are going to make in this asset. Weve tracked airbnb over these assets, theres no doubt theyre the Fastest Growing player in online travel. Based on our survey, theyre now the number one site in the u. S. For booking and planning vacation travel. And unfortunately, during the covid crisis, you had this dramatic shift away from hotels to alternative places. Thats been very beneficial to airbnb less of a decline than the other two assets, expedia and book. Stuart so it stacks up well and, therefore, you expect the ipo to go well. I realize theres a limit to what you can say about this, but it stacks up well, and the ipo is looking good, is that what youre telling us . No [laughter] i have no investment theme on that, just comparing the numbers. But the one big question mark is going to be about the profitability. The you look at it, booking and expedia have been highly profitable for years, our airbnb has never matched their profitability. We love the growth, but why arent you as profitable as those two assets . Stuart okay. It stacks up well. Mark, thankers for joining us thanks for joining us. Futures again, please. I love that green. Any comment, susan li . I think were forgetting the fact that china is recovering much faster from the coronavirus than anticipated. We had factory pmi, manufacturing indices, hitting a decade high in the worlds second largest economy, and if that happens there, that money and that positive growth goes elsewhere around the world. Stuart so china today is a positive influence on our stock market. I think so. I think thats positive sentiment in the fact that, of course, you came off the9 best, by the way, november since the 920s for the dow 1920s, and were talking about stimulus again whether its 500 billion, less than a trillion, thats still put good. Stuart we do forget how good november was. November the dow went up 10 or 11 . Same with the nasdaq and s p. Ive never seen that before. Doubledigit percentage gains in one month for those key indicators. Yeah. And decembers going to be great too. Stuart were starting as of right now in 3, 2, 1. This market is open this Tuesday Morning, and i expect to see quite a lot of green, and there it is. Were up 300 right from the get go, thats lets do percentage terms, thats what susan does, over 1 from the dow right from the start, and im seeing 27 of the dow 30 are in the green. They are up, up 319 at this moment. How about the s p 500 . The percentage gain there is about the same as the dow, just over 1 up. The nasdaq composite, lets look at the percentage gain, up almost 1 p. Is so the s p and the nasdaq are now at alltime intraday highs. Thats where we are on those two indicators. December has gotten off to a very good start. Now, look at the vaccine makers. Theyre all up very significantly, especially moderna. Lauren, can you give me an update on when we will actually get the vaccines . I think we can go with december 11th because the fda has their advisory meeting to approve the vaccines december 10th for pfizer and the 17th for moderna. Look at this, moderna gaining about 15 , up bigtime for the second day. In europe this is where they stand, they want to make their final approval calls december 29th for pfizer, january 12th for moderna. And then theres novavax, and the stock is being rewarded today. Their phase three trial in the u. K. Is fully enrolled, and they expect the u. S. Trials to start soon. There was a manufacturing delay because of an issue at a North Carolina plant. And then theres the astrazeneca vaccine, and they do plan to file for emergency use early in the new year. So lets just think about this. If the quantity is there and the distribution is nailed down, we might have some sort of Consumer Choice in which vaccine we get. Thats not going to be the case right away because certain groups are going to get it first. But fast forward six months to a year, we might be shopping around for a vaccine which is a strange thing to think about. Like, i just go to the doctor and get a flu shot. I dont ask which one. We might be asking, well, maybe ill get the one with shot Johnson Johnson vaccine instead of the super cold pfizer one. Stuart i understand that, but the fact that were almost, right on the cusp of actually getting these vaccines yeah. Stuart that, i think, is a plus for the overall market and especially those vaccine makers. All of them up except for biontech. Lauren, thanks very much. Lets move to zoom. Look at them, down 11 . What . I thought they turned in stellar results. I would call it more of profit taking since, youre right, until lahr results from zoom stellar results from zoom. 300 growth in the final three months of the year not good enough, and thats because people have priced the stock to perfection. Its rallied 600 this year and despite forecasting three straight quarters, nine months of 300 growth in sales, i mean, where else are you going to find that, investors were focused on higher costs, margins coming down. Zoom had higher mix for users, that includes students, teachers logged in as school resume but remotely, and that made zoom made less money off its users. Putting live Virtual Events online, they have to pay piece, but im looking through the analysts today, you saw that price hike of targets, right . From a lot of them, rbc downgraded, but we still have 30 million daily 300 million daily meeting participants, thats exponentially grown from last year. Stuart some investors may think when the pandemic is past, we wont be using zoom as much as we are now. Might be true. Its profit taking because 300 growth, for any other company that would be astounding. For zoom its just not good enough. Stuart the queen of profit taking which is true. Stuart apples rallying again, how much . Yes, they are, up 1 . Their joining forces with amazon . Two trillion dollar giants, App Developers can use the am amazon cloud version of Mac Computers instead of having to buy the expensive machines, and thats a test for App Developers that, you know, use and make apps for the iphone and the ipad, and thatll make it a lot faster as well. Apple itself is on, i would say, a twoday rally. Yesterday gained about 3. 5 . You have two influential analysts saying its a buy and Morgan Stanley with a lot of people listening, she says if everything goes right for apple, its worth 191. Thats 60 from current levels. Both of these Analysts Expect and anticipate better iphone 12 shipments that might surprise. Stuart okay. Id like to see an apple 12 myself. Well, you could just buy one. Stuart i could. Hold on. Bitcoin alert. I think it has hit a new hue. Down 400 right now, but it dud hit a new alltime high 19,857, i think, is when they breached that bland new record brand new record. They say this time is different from three years ago according to the experts because theres more adoption, theres more mainstream play that includes paypal, square and robin hood, fidelity, even jpmorgan chase, and some say this is the early innings of bitcoin and not rat poison squared as you heard from warren buffett. Stuart i changed my mind when you explained how it can now be used as an actual current su. Easily, i would say. Look, you have to stomach the volatility. Does it get higher from here . People are discussing whether its a better hedge or gold. I think thats been answered, stratospheric levels. Stuart now lets get to the pot stocks. Theyve been rallying recently. Lauren, theyre not today, but recently they have been rallying, so whats behind the rally . Two votes tomorrow on decriminalization. One is at the u. S. House of representatives to decriminalize cannabis at the federal level although even if they do that, its unlikely to pass in the senate when it comes to a vote there. The other vote tomorrow is at the United Nations to decide whether to remove cannabis from the list of illegal narcotics. Okay, is so theyre mostly down today, but i pulled some of the numbers. Sun dial growers up more than 300 in the past 30 days. Aurora cannabis up about 160 . So all of this started right after the election when you had four states voting to legalize Recreational Use and, of course, with a democrat voted into the white house, with president elect joe biden, he might be more favorable to the Marijuana Industry especially when it comes to banking and decriminalization. Stuart not today, however. Auroras down 3 . But theyve always been volatile. Thats the way it is. The media im moving away from the market now. The media, oh, they were never shy about their dislike for President Trump, now, were they . Heres a little reminder of that. Roll tape. That was a monarch. It was, it was very much like what castro used to do. Trump is acting like a third world dictator. This is somebody in deep psychological distress right now. Do you want to see President Trump in prison . [laughter] stuart okay. Have no fear, a New York Times editor claims they will cover joe biden, quote, just as thoroughly as trump. Joe concha takes that on. And then theres this, cnn says bidens foot injury after playing with his dog is an example of transparency from the Incoming Administration. Oh, boy. The love fest with the biden camp is just beginning, isnt it . Well be back with it. Come on, fatso, and just bust a move at tmobile, we believe you should get more. Thats why weve merged with sprint. Now its about to get even better. And as we work to integrate sprints network, our nationwide 5g keeps getting stronger. With the capacity and coverage to reach more people and places across the country. Who says you cant have it all. Now is the time for 5g. Now is the time to join tmobile. Stuart weve got to check the markets because youll like what you see. The dow is up 324, over 1 . The nasdaqs up over 100 points, and weve got the s p up 1. 8 . That is a rally. And theres this, the nasdaq is proposing a Board Diversity rule for all its listed company. Tell me what this is about. So the nasdaq will require companies to add at least one female board member plus one from an underrepresented minority, could be racebased or lesbian, gay, bisexual or transgender. The nasdaq has determined over the past six months more than threequarters of the listed companies on the exchange have fallen short of these proposed requirements. Interesting that the Smaller Companies could actually meet this requirement with two female directors according to the nasdaq. They are going to petition the sec, has to be approved by the securities and exchange commission, and then well see if that happens. But im curious as to how you feel about this. Stuart well, i find it very interesting that an exchange would insist on the composition of a private company s board of directors as a prereck but sis for listing on that exchange. I think they think they can promote more diversity especially with large companies. Stuart i hear you. Thank you, susan. Take a look at this quote, and ill read it for you. We are off in a place never seen before in the history of mankind. That was written by the gentleman on the righthand side of your screen. His name is mark grant. All right hi, stuart. Stuart good morning, sir. A place never seen before in the history of mankind. Ive read this piece. I know what youre saying. Youre saying that Central Banks are just printing money so that governments can spend it. Thats your point, isnt it . Off in a land never seen before. Well, stuart, for thousands of years when you borrowed money, you paid to borrow money. Now with what the Central Banks are doing, you can borrow money in the United States for a little butt above zero little bit of bo zero, and the governments of europe are borrowing money at minus Interest Rates. 17. A 5 trillion, and its in a place where weve never seen before where people can borrow money or even they have to pay in europe and japan. They have to pay the governments to buy their bonds because theyre at negative Interest Rates. Stuart when will this end . Its not going to end anytime soon, stuart, because how good is it for the government . What theyve done is created a borrowers paradise for the government, but its a fixed income investors hell because typical portfolios, for instance, of seniors, retires, University Endowments Pension Funds and insurance companies, let me throw that in there, they cant go into the bond markets and get any sort of return. And my fear here is that theyre going to scramble, especially the seniors and retirees, into places they shouldnt go and get themselves in trouble to try to make up for the loss in yieldment. Stuart i was always told that if you print money like crazy and you drive Interest Rates down, eventually youll get inflation. Is that the end point here . I dont think so, stuart, not in this kind of environment, you know . The printing of money is just part of it, but also the Central Banks are controlling the southwest the Interest Rates. Consequently, were in a very low inflationary environment, and i dont expect that to change east. Too stuart thats fascinating. Before you go, i understand that you have become truly famous even though you wear a mask, you get recognized in public. [laughter] tell me what happened. I went to buy an iphone 12 and the store told me they were out of them. He asked me e to pull my mask down, he looked at me and said, well, arent you on fox and Stuart Varney . I said, yes. [laughter] he said one moment, please, he went in the back room, and he he showed up with the new iphone 12. Thank you stuart youre welcome. For helping me to get it. Stuart we made you famous, lad. Thank you, sir. Stuart mark grant, everyone. Hes a good man, and we will see you again soon. Thank you. Stuart cruise lines, lets get to that. Some are preparing to set sail again fairly soon, possibly. Ashley webster is in Port Canaveral with our report. What have you got, ashley . Well, you know, soon, we hope, i guess is the way you could put that. No guarantees. Im at cruise terminal three, brand new, just completed this summer at the cost of 155 million, and its all dressed up and nowhere to go. Normally this would be home to the Carnival Cruise lines mardi gras ship. It was supposed to begin operations here just last month, but were sitting around and were waiting. Cruising is a huge business in the United States. Check out some of these numbers. It generated 55. 5 billion in Economic Activity in the u. S. Last year. Supported more than 436,000 jobs and close to 14 Million People got on cruise ships from u. S. Ports in 2019. Now, 4. 6 million of those came through Port Canaveral, but this year, of course, its a very different story. Let me bring in captain john murray, port director and ceo here. Good morning. Reporter in the freezing cold, i might add. Obviously, its been a sr. Tough year for you. 7580 of your revenue comes from the cruise industry. Exactly how hard has it been . A very tough year on the port itself. As you said, 7580 of our revenue stream does come from the cruising, landlord, tenants and cargo operations, but its been more devastating to the local community. This is a tourist business, and the guests that get on and off the ships, 100,000 a week, are spending money in the local economy. Very quickly, what are the cruise lines telling you . Next couple of months maybe . Were all hopeful next couple of months. The cdc changed the return to sail order in november is bringing things back. So were all working together. Captain, thank you very much. The ship behind me is a casino boat that leaves in about an hour. Maybe i should buy a ticket. [laughter] back to you. Take a chance. Why not . Yeah, why not . Stuart thank you very much, indeed. Theres a bar in new york city thats declared itself business, you should say an autonomous. However, they just lost their Liquor License, and theyre facing a 1,000 a day fine every day they say stay open. That bar owner will join me in our next hour. And who could forget this photo of california Governor Newsom dining indoors after rolling out restrictions against doing just that . One l. A. Restaurant owner is fed up and taking action. Well bring you that story in the next couple of hours, promise. Just live your life tudent. chime choosing sofi was literally one of the best decisions i could have ever made because it gave me peace of mind. Unlike ordinary memory want supplementster . 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. 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. The teams been working around the clock. Wire, weve had to rethink our whole approach. Were going to give togetherness. Logistically, its been a nightmare. Im not sure its going to work. Itll work. I didnt know you were listening. Stuart the Online Gaming company, its planning to go public. Mario is with us, and mario is one of the first users of roblox. And i think you could describe this game and how to play it and what its all about in great detail. I understand its for players to express themselves in a virtual universe. Can you make our viewers understand what this things all about . Yeah, sure. And thanks for having me on, stuart. Its really this collection of these 3d virtual levels that people can play on wherever they want, wherever they like, and its this collection of platforms that just bring gamers together up to 700 at a time in these individual usercreated servers. This is really the first type of company that does this, and its a really exciting and innovative idea for the space. Theres really no other company before that has this portfolio of usercreated level at any time across any genre e that people can think to create. Stuart ive got to tell you, you totally lost me because im older than you are, as you understand. But im told that its very, very popular and that parents and and even grandparents play it with their kids because their kids can actually appear in the game as themselves and play with other kids that they know in the game. Is that accurate . Yeah, thats totally accurate. And people can kind of customize their avatar however they want. Theres a ton of different cosmetic options to make your virtual character look as close to yourself as you wallet. Stuart and you buy if you get it customized, youve got to pay money for this. Yeah. Thats the big monetization model for the company. The premium currency is used for everything from buying hats, shirts, different cosmetic items, and its kind of propelled roblox into the stratosphere. Stuart time goes fast in television. Would you buy the stock when it emerges . Would you . Yeah, i think so. Stuart mario, thank you very much for being with us. You opened up a whole new world to me and my entire generation. Well see you soon, thank you very much, indeed. Still to come, on your screen, joe concha, brian kilmeade, steve forbes, steve cortes. But first, in my opinion, schools must reopen. Thats my take, after this. Thunder, thunder, feel the thunder. Lightning then the thunder. We made usaa insurance for members like martin. 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Im proud to be part of aag, i trust em, i think you can too. Trust aag for the best reverse mortgage solutions. Call now so you can. Retire better stuart 10 00 on the button right here in new york city. Weve got a rally on our hands. Look at this. The s p and nasdaq both hit all time intraday highs earlier. At this moment the dow is up 335 points. Real close to 30,000 again. Happening as we speak fed chair powell testifying before the Senate Banking committee on covid relief. Edward lawrence is there. Edward, what is jay powell going to say . Reporter powell and the treasury secretary. This is the quarterly update about the cares act. Well hear about another covid package. The news comes from treasury secretary Steve Mnuchin. He is going to say targeting Fiscal Relief is needed. He points to the Economic Data coming in, slowing jobs market, growth of jobs. Mnuchin will say quote i strongly use congress to use 455 billion of unused funds in the cares act to pass an additional bill with bipartisan support. Democratic house members speaking with a louder voice that the house spending is. Moderate democrat joining moderate republican senators talking about a relief package on capitol hill. For his part fed chairman jay powell says the job market moderated. He is pointing to the cares act with expanded Unemployment Benefits the reason Household Spending did rebound this year. A lot of voices, stu, saying we need a lot more help, a lot looking to the House Speaker to get something done. Stuart thank you so much be edward. That report, what were hearing about, powell and mnuchin, that has lifted the market as little bit more. It extended the rally. Look at this, the dow industrials up 340 points, 1. 15 . The s p up 1. 16 and nasdaq up 127 points. A nice bounce after release of that news what jay powell is going to say. Bottom line, folks, financial help for the economy looks a hot more likely now than it did a day or two ago. And now this. Surely weve learned enough by now to know that the schools must reopen. If grocery checkout workers can get facetoface with hundreds of people teachers can get facetoface with 20 or 30 masked students. If Catholic Schools can stay open Public Schools too. The opposition of Teachers Union is frankly a disgrace. In the Biggest School district that union consistently supported shutdowns and virtual learn something dismal failure and a large number of students from minority backgrounds. The Teachers Union abandoned the children. Werent we told by the democrats that we must follow science . The safe ends shows schools do not spread virus. Students dont catch it in the classroom. More likely to catch it in their own households. If they come down with it, the survival rate is close to 100 . Theyre not 85yearolds who really do need special treatment. Heres a thought, maybe we should look to your roop for school guidance. You wont hear that from me very often. In france, for example, 11 of the people taking a covid test were positive but the schools there are still open. 3 Positivity Rate shut the schools in new york city. Despite a second wave schools in germany, britain and spain have remained opened. On this issue we can learn something from them. The Teachers Union should stop acting like an Industrial Union from the 1950s. They have an overriding responsibility to educate our children. Enough with these closures. Get on with the job and get back to work. Now listen to this. Children have virtually zero risk of getting a serious complication, virtually zero risk of dying. You dont lock down the children because you are personally afraid. The president and his administration are messing with the health of our children. Going back to school presents the biggest risk for the spread of the coronavirus. Stuart that is extraordinary stuff. Democrats say listen to the science but dont follow the science when it comes out. Scott shellady is with us . Scott what do you say . Im saying flatout the schools must reopen. They should never have shut down well, stuart, weve known that for eight or nine months now and doctors have known that and the democrats have known that and the teachers have known that but guess what . They were shut down for really one big reason only. Because donald trump came out and said they should be open. That is the only reason why. The science was there to back up everybody. What nancy pelosi just said there, that should be criminal. Do you know how many students have died under the age of 18 from covid this year, in new jersey, stuart . Stuart none. Zero. Two in california. 123 across the country. That is absolutely ridiculous. To lock these children down. 60 million kids are basically missing a year of school. I know, all the anecdotal evidence says theyre not getting out of bed to go to classes. Not doing what they should do. A lot of kids failing what they never used to before. Not to mention Mental Illness and thoughts of suicide. These people have taken control of your children this not your kids anymore. They decided what they will do with them, when they will go to school. They will use your money to do it. That is the travesty of the situation. Stuart it is is outrageous scott. President obama is calling out people who like cheap gas. Here is what he said in his memoir, at the end of the day we americans loved our cheap gas and big cars more than we cared about the environment. End quote. Have at it, scott. First of all i would like to invite him for a barbecue let him watch me start it with gas, number one. Number two, he has been that way he knows better what that do with your money and your environment than you do. Ever since weve let companies and people make the decisions. Our air and our water has gotten cleaner and cleanest in the world. So when we put those decisions back into the, into the laps of the people, look what happens . Even Better Things happen than his paris climate accord. That is the problem. He thinks he knows what to do with everything in your life, including your children like we just said, rather than you do. That is the biggest problem with the democrats versus the republicans. Stuart no wonder youre one of the more popular guests on this program, scott and we do hope to keep on seeing you in the future. I dont know about that. Stuart i do. I send you emails. Scott shellady, good man. Moments ago we received the latest reading on the manufacturing sector. Called the ism Manufacturing Index i think it is. What have we got, susan . Susan expanding for a sixth straight month in the month of november but a slightly lower pace than forecast. Looking at a read of 67. 5 in the month of november. Economists look at read of 57. 8. Slightly lower, anything above 50 demarch cake line. That is positive. Stuart gave extra lift to the dow. Were up 400 points. Susan actually discussions that treasury secretary Steve Mnuchin will speak with nancy pelosi later on today about covid relief. So more hope we might get some sort of stimulus package. Stuart there you go. 30,030 on the dow. We have numbers on construction spending. What do we have, lauren . Yeah. The housing boom just continues. This is for october, much better than expected. An increase of 1. 3 from the month before. Total value, 1. 43 trillion. But it was led by private residential construction. So people wanting to move. Builders struggling to keep up with demand and the price of homes going up as a result. Stuart lauren, got you. Thank you very much indeed. Stay on real estate for a moment. If youre planning on refinancing your home, you may be hit by a brand new fee that starts today. Did you know it was coming . Mitch roschelle, macro trends Founding Partner is with us right now. Mitch, give because the nude, what is the fee, how much is it and how come i didnt know anything about it . Maybe because you didnt have me on a few months ago i would have told you about it, stu but it is half a percent, known as 50 basis points. It is for all loans over 125,000. Most loans insured by fha. Hones from fannie mae and freddie mac, those loans, basically whatth trying it do is call the adverse market fee. Theyre trying to recoup some losses, potentially 6 billion worth of losses they incurred as a result of missed payments. Theyre pushing loss recoveries on to folks who are refinancing existing mortgages. Stuart no way around it . You got to pay it, you want to refi as of today, you pay the fee, right . Right. You can pay it up front. A lot of lenders are sort of baking it into payments over the life of the loan so it is not as painful there is good news if your lender is not through freddy and fannie. There wont be the fee. Meaning loans are not insured by fha. Jumbo mortgages, those are not fannie and freddie. For the average 300,000 loan, 15 you potentially pay up front in the fee. Mitch, i wish we had you on a few months ago. You have warned us. Probably my fault we didnt have you on. Glad you did. We know what to expect in the refi market. Mitch, we love it, see you soon. Thanks, stu. Stuart i really want to see the market again. That is a rally 1 2, isnt it. Were up 378. Do what susan likes here. Dow up 1. 25 . S p up 1 and 1 3 . Nasdaq composite up better than 1 . Are you happy . Susan yes. I think americans should be happy were talking about stimulus once again and that is what is helping extend the rally were seeing given that pelosi and mnuchin will discuss relief. Well hear from Federal Reserve chairman powell in a few minutes. Stuart not much how much in terms of relief but we get anything. Susan we were so disappointed before the election. Stuart thats right. 370 up for the dow industrials. Facebooks Mark Zuckerberg wants to help joe biden with his virus response. What is that about . Founder Mark Zuckerberg Live Streaming in an interview with dr. Anthony fauci yesterday. Facebook was in touch with biden how it might help with coronavirus virus and relief. Facebook will push out what they call authoritative information when it comes to vaccines with no specific details. Ft reported that facebook will put a banner at the top of its site to get users vaccinated there are polls, saying less than 50 of americans will take the vaccines when it is available, when they are available. People see this as an olive branch to start cooperating with the biden side. Biden like President Trump said he wants to repeal and review section 230 which shielded Companies Like facebook which makes them liable for what users post. Stuart they have lost their credibility. Susan speaking of credibility, take note of facebook we should take note of. The cryptocurrency is being changed to diem. Carpe diem, this is the their dollar. Change of image but maybe see a limited release at the start of next year. Stuart stock is up 3 , 285 on facebook. Susan, thank you for that. Big show coming up, the cake boss, buddy velastro, what does he keep governor keeping a lockdown on the table. I will ask him. Media fawning over the biden camp socalled transparency. Watch this. When biden hurt his foot, i appreciated it. Why . Because im a sadist. No, because we just got the straight truth about it. No lie. No deny. Just, he was out playing with his dog. Stuart fascinating, isnt it. Media guy joe concha takes that on later this hour. The cdc is voting later today who gets the vaccine first. That is important. Well have details for you too. Research shows people remember commercials with nostalgia. 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Stuart 10 17 eastern time and the dow industrials are up 400 points and 30,039 and the nasdaq is up 139. I think i can safely say this is a rally. Show you pfizer around biontech. No. Susan biontech. Stuart biontech. I will get it right. Biontech. They have applied for approval of their vaccine in europe. If thorpe rised could be in use later this month. Quick check of moderna. They requested authorization for their vaccine here and in europe. That stock is up another 11 . Moderna is 170 a share. Now this. You would think they would be more careful. You vote to shut down outdoor restaurant dining and immediately go out and dine outdoors at your favorite restaurant. Lawmaker hypocrisy writ large again in california. L. A. County supervisor, sheila kuehl, voted for the ban and ate out at an Italian Restaurant herer in house in santa monica. Newsom at the French Laundry, pelosi at the hair salon, lightfoot at the hair salon, kuehl at the, quit the hypocrisy and quit ruining our country. Later this hour, by the way i will talk to a california restaurateur who is now flipping burgers on the sidewalk because california banned both indoor and Outdoor Dining in his restaurant. He is in the street cooking burgers. He is on the show. Now this. The cdc meeting today to determine who gets the vaccine first. Susan what do we know what is on the list so far. Susan experts proposed giving the vaccine to Health Care Workers first. High priority. Given to workers in essential industries, people with certain medical conditions and people over the age of 65. Now Panel Experts will recommend who to vaccinate and when. This is the advice, the government usually almost always follows. Hhs says 40 million vaccines by end of this month. That is enough to inoculate around 20 Million People. We have two vaccines, moderna and pfizer. Biontech. They require two shots here. In a before the Case Scenario the fda will move quickly to authorize vaccines during the distribution probably in the middle of december if not just a few days later. Stuart two weeks away. Two weeks. Who do you think the gets the vaccine first. This news of a vaccine this, effective, this really quickly and amazing christmas gift. We deliver the package from the factory door to the front line workers. And i agree with the centers for disease control. Get it to doctors, nurses, actually taking care of patients elderly, people with medical conditions. I will tell you looks like there will be delivery by december 11th. Talking about 20 Million People able vaccinate this year, 25 million a month, every month after that. This is really a good news story. We need to get it done. Stuart who decides which states get it first . You know i chaired a conference of all the senators with those that were in charge of operation warp speed and getting it out the door. And theyre going to bep distributing it to the states in proportion to the populations of each of those states with each group that goes out. Every state will get some immediately, relative to their population. Then the question is, how does the state distribute it and every state has been asked to come up with its own plan but to make sure the states are ready, weve already prepositioned in the states needles, syringes, gloves, alcohol pads, masks, all the things that we need. So the second the vaccine gets to the states they will be able to administer the shots. Stuart that is a remarkable achievement. Look, i dont think the president gets credit for this. I think he should. Not only have you developed these vaccines at warp speed, unbelievely quickly, but youre telling us that you got all the equipment in place all over the country so that when the vaccine arrives you can use it almost immediately. Now that is an achievement which i wish the president could get some credit for this . The president deserves incredible credit for this, stuart. Then youve seen the governor of new york who called this bad news because he said it happened two months too soon before another administration might take over. I mean this is the worst you can get. Stuart, this vaccine has been politicized. President trump has led the way. I would encourage all people, if you can get the vaccine, get it. Im going to get it when it becomes available to me. Im like you, im not at the front of that line but i will tell i think it is going to be the thing that writes the final chapter against coronavirus. Stuart real fast, mr. Senator, do you think we get an virus aid package through the congress before the end of this year . It sounds like we will. Will it be a trillion dollars or two trillion. What do you think . Im not sure the exact dollar figure. I would like to see this done, but it has to be focused on helping people who are struggling, workers, Small Businesses, paycheck protection, kids back to school, getting the vaccine out. It cant be for some liberal wishlist which is what nancy pelosi has been demanding all the way through but you know even her own party is now abandoning her on these goals. They lost about a dozen seats in the house as a result of her kind of dug in position. We have a Bipartisan Group working on getting it done. I hope we get it done before the end of the year, stuart. Stuart john barrasso, republican from wyoming. We appreciate it. Thank you, stuart. Stuart the drop in foot traffic at Retail Locations is not only hurting the stores it is hurting charities as well. Grady trimble has that story. He is at a Salvation Army red kettle in chicago. What do you have, grady . Reporter statute i think you can see the problem here. This is a macys in chicago. We have a bell ringer out front. There are not very many people walking by here. The Salvation Army collects 40 to 70 of their donation this is time of year during the holidays, depending on the city. Major Clara Braddock with the Salvation Army as we see a bell ringer in the background. Your donations are way down where they should be. This time last year our donations are 50 more than we received for this year. Reporter you have fewer kettles out, there are fewer large gatherings. We know people spend on cyber monday. What is the message to those who are watching this. The acceleration army we have kettle locations in various locations but we also have tex kettle, then 91999. Rescue christmas. Org and go online and if youre in need. Reporter best of luck. People spend money online. Time to to donate online. Stuart i like that grady trimble. Very much indeed. Headline, divider obama demeans hispanics and christians, united trump delivers. Steve cortez wrote that. He is in our next hour on this program today. 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A licensed humana sales agent will walk you through your options, answer any questions you have and, if youre eligible, help you enroll over the phone. Call today and well also send this free guide. Humana, a more human way to healthcare. Stuart all right. Check that market, please, why not . Youre up 408 points for the dow industrials. Up a whopping 130 for the nasdaq composite. That is a rally. Now, show me tesla. You got rally there up as well. Up another 2 1 2 . They will join the s p 500 all at once. That propels a lot of Fund Managers to buy the thing and theyre doing it. It is up 581, that is tesla right now. Nio, chinese tech company, that they delivered 120,000 vehicles in 2020. Up 111 from a year ago. Nio is Fourth Largest Car Company in the world. How about that . Stock down 6 today. Amazon, says the shopping period is the biggest ever. Do we have any numbers . Susan no specific numbers. Independent sellers sold 4. 8 billion which is up 60 from last year but they did tell us what really sold well on the website. Popular purchases include the new echo dot. Former president Barack Obamas book, the promised land. Revlon onestep hair dryer, volumizer brush. Stuart must have, baby, must have. Volumizer. Susan selfcare, nesting at home, comfort most popular trends during the period. Amazon is widely expected to be one of the biggest winners. One wall streeter says amazon will capture 40 cents of every dollar spent during the busy shopping period. Almost 50 cents on every buck spent spending online as we know on black friday climbed by a quarter. Record numbers, nine billion. Cyber monday expected to be a record at 12 billion according to adobe analytics. Stuart amazon stock is couple hundred bucks from the record high. Susan volumizer brush . Stuart volume idesser brush, you really lost me, susan. Beauty retailer safora could come to kohlsability, when will that happen, lauren . Lauren first 200 which come this fall. 850 by 2023. Because what this deal does, it was in jcpenney it upends that deal. The reason why sephora owner picked kohls, they are not in shopping malls. Technically shouldnt have reduced traffic. Same for target, why sephora rival, ulta beauty is opening beauty shops inside of target. Sephora almost ditching jcpenney to go to kohls. Stuart kohls stock up 15 , as the brush volumizer. Susan rally 1 2, right . Stuart lauren, susan, thank you very much indeed. Serious, hypocrisy on the left, lots of it. A New York Times editor claims the paper will cover joe biden, quote as thoroughly as they did with President Trump. Who wrote that comedy line . Joe concha, Fox News Contributor is with us. Joe, does anybody believe that . Look at New York Times hasnt endorsed the republican president ial candidate for the last 16 elections. Go back to 1956. We were not remotely close to being alive. Look at three quick examples. Paul krugman wrote last night joe biden will be the quote, the first modern u. S. President governing in the a face of opposition refuses to accept his legitimacy as if Hillary Clinton and democratic lawmakers didnt call President Trump illegitimate during his term. And look, before President Trump took office in january 2017, this is what paul krugman had to say. Is it okay morally, politically, declare the man about to move into the white house illegitimate . Yes it is. It is an act of patriotism. Does paul krugman read paul krugman . Tom friedman goes on cnn recently. Implores people to pick up everything and move to georgia to vote in the senate runoff. That is okay, except that is a felony. New york times literally going from journalism to activism or not reading their own stuff. Well believe that . That they will cover trump as heavily as biden or vice versa . That dog dont hunt, stu. Stuart it is funny to think about that but look, the Mainstream Media is using joe bidens foot injury to fawn over how transparent they think the Biden Administration will be. Hold on a second, joe. Just watch this, please. Roll it. All right. When biden hurt his foot i appreciated it. Why . Because im a sadist. No because we just got the straight truth about it. No lie. There was no bs. There was no blocking us from the reason that trump was rushed to a hospital. No fugasi doctors with absurd lauding statements about being superhuman, the strongest pinky toe in history. Just the truth. Stuart joe, this is a real stretch. Hard to even watch this stuff. Speaking of bs, stu, by the way, if joe biden hurt his foot, broke his foot on saturday, why did then his press team decide not to let everybody else know until sunday . That is anything but transparent. Let me read you a couple headlines real quick. Slate said, biden breaks foot engaging in tried and true expression of president ial vigor. Meanwhile the New York Times, speaking of, last year wrote a column literally with in headline, why President Trump hates your dog. You want to see a contrast between trump and biden, that is great little microcosm i will put at top of syllabus teaching this stuff. Stuart on target again, joe concha. Great to see you again. Dont be a stranger. All right,. Stu, buying revlon one step hair dryer. Im inspired. This hoed need the a lot of work. Stuart volume idesser brush, get it right joe, volumizer brush. I will get on it. Stuart joking here. A bar in Staten Island declared itself an autonomous zone. Now the state has taken away its Liquor License. That bar owner is on the show in our next hour. First im talking to an l. A. Restaurant owner now flipping burgers on the sidewalk after california banned both indoor and Outdoor Dining in his restaurant. 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System, if keytruda can be part centrum helps your immune defenses every day, with vitamin c, d and zinc. Season, after season. Ace your immune support, with centrum. Stuart its a rally sports fans. Were up 360 on the dow at 30,000 almost on the button. Up 82 on the nasdaq. The 10year treasury yield, interesting point here, it has just crossed north of the. 9 level. First time weve seen that in a couple of weeks. Lets check bitcoin again. Where are we . Were down 170 bucks at 19,560. That is the important point. 19,590 per coin. It had a terrific november. Now look at this, flipping burgers on l. A. s sidewalks. One Restaurant Owner decided to take matters into his own hands during l. A. Counties inperson dining ban. That man joins us now. He is the owner of minot in Downtown Los Angeles and a bees troh in hollywood. Have you been told to stop what youre doing . No, not yet. We havent been told to stop what were doing. But you know, with Outdoor Dining restrictions, we had to pivot our business once again. At minon, we had to cook outside burgers. Beforehand we had five tables outside. That was even, maybe, what, were making 50, 60 of revenue then. Now were, were hoping to kind of make it through the month, but it is not looking very good. Stuart it is almost a protest, isnt it . Youre protesting this ban on indoor and Outdoor Dining you want to do something about it . Yeah. Look, listen, i mean, we started doing Outdoor Dining in june and july. And since then, the cases have gone down. Theyre putting new parameters, okay, is it really Outdoor Dining . Its not. The most, way virus spreads from indoor gatherings so we had it downward trend, theyre using us as kind of a scapegoat. Overnight, wednesday, wednesday night, 700,000 jobs government lost. So what are they going to do about it . You know what . I dont know and it is kind of looking a little bit bleak. Stuart santos i dont know whether you heard this an l. A. Official was caught dining outside just hours after she voted to ban Outdoor Dining. You may have heard about this, but how do you feel about it . Well, good for them. They dont take the rules seriously and if it was serious we would take it seriously. A lot of people dont. And look at gavin newsom, like you showed on your, you know, earlier today. Dining at the French Laundry. Were serious we would take it seriously. Shutting down my restaurant, or my friends restaurant, went by the way from 150 employees to 10 employees overnight, shutting down our restaurants and our live hood will not save your grandma, you know what i mean . Show me the proof. Show me the proof, maybe well listen to it. Were all really pissed off. Stuart i think the revolt is growing. Santos, thanks very much for joining us this morning. Youre very welcome. Thanks for having me on. Stuart sure thing. Staying in california, another Restaurant Owner taking aim at the restrictions but in this case he is mocking the governor. Who are we talking about . Susan especially governor gavin newsom was eating at three star michelin restaurant French Laundry without masks or six feet apart. This restaurant near l. A. , in redondo beach, eat joes restaurant. He is hanging a French Laundry banner in front of his restaurant. Why . If it is okay to come to French Laundry he can eat right here, right . Stuart that is funny. Susan newsom moved 48 out of 51 county into the purpose tell tier, you cant eat out at restaurants. These Small Businesses familyowned restaurants are suffering with millions unemployed. I was sifting through the French Laundry menu by the way. How do you feel about ilician crab today . Thomas farm squab. Stuart 56 buck as plate. Susan 56 set menu, my treat if we ever go. Likely havent. With people hurting during the covid lockdowns Los Angeles County is using a federal relief funds to recruit celebrity influencers . Tell me what that is all about, lauren. Lauren amazing. Okay so the county is 2. 9 million of taxpayer money from the cares act to hire two pr firms to handle covid19 outreach but the county has its own press team. They have their own media team but still theyre paying Frazier Communications and Mercury Public Affairs to reach out to the community, monitor Public Perception of the virus and yeah, hire celebrity influencers. All this got me thinking, i know you will remember this, 1956, stuart, remember Elvis Presley got the polio vaccination on national television. What did that do . That increased immunizations. We might need celebrity influence like that right now but do we need to use almost 3 million of taxpayer money to hire pr firms to set that up . Stuart that is how things work i believe, lauren. Lauren in hollywood. Stuart yes, thank you. That is a good clarifier right there, in hollywood it works like that. Lauren, thank you very much indeed. The San Francisco 49ers Football Team basically homeless after Santa Clara County put in new restrictions. This cannot be good for the team. I dont think it is good for the game either. Tiki barber will talk about that our next hour. Here comes kilmeade. Were talking lockdowns and schools. More varney after this. announcer if youve struggled to lose weight, you might think you were born with a slow metabolism. 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 were just waiting for kilmeade he is along in seven seconds. I will use the time to tell you that the dow dropped slightly below 30,000. But it is still a rally. 10 51 on the dot, there he is, kilmeade himself. My timing is always pretty good, brian. It is brilliant, actually. I want to start with the reopening of schools. I have a bee in my bonnet about this. I think it is absolutely outrageous theyre closed right now. I want them opened now. How about you . How about this . Anthony fauci instead of doing governor earning and advice by interview give a press conference. Well have podium his size, microphone right size, give him gloves, he will make announcement that data shows, children, especially k6, almost no chance of getting this virus. Most states have zero fatalities or even, carriers, the chances are low. Then tell us the chances from six to 12. You phase it back in. So you get out of these geniuses like mayor de blasios hands. Instead of stefan currys podcast or Kim Kardashian celebrity zoom call. We find news from that, why doesnt he come out to say things definitely . That is what the president said over the summer, ignored. They said it was irresponsible. That is what dr. Atlas has been saying from the spring. Said it was irresponsible. Was out of his depth. We find out that the risk for kids, a third grader sitting on a laptop or an ipad, not working. Stun ir. They need to be in school. It is so ridiculous that it is not. Stuart, to back up our belief were right, why is it when you have a tuition check, these teachers and these administrators find a way to get you in school successfully . That is called private education. Stuart yeah. How come private schools are open . How come Catholic Schools, talking about new york city right now are open . How come Incoming Administration wants to shut down the highly successful Charter Schools in this city and elsewhere . How come the Teachers Union which has betrayed the children theyre supposed to teach, also wants to kill off Charter Schools . What the devil is going on here . Show some courage. If it is joe biden becomes president , show some courage. What are you worried about . Not getting reelected . Not having Teachers Union backing . Where will they go. Stand up, listen, for the good of kids, my next generation, my grandkids they have to be in school. Not only that you pick up the pie charts, bar graph, there is no reason for them not to be in school. Teachers susceptible dont want to do it go in anyway. Nfl Football Players had scabs walk in when the nfl players walked out, they played with bar league players. You cant go in teachers, you got two hours, two days to get into the classroom or well use somebody else. Stuart well, look, if im a Grocery Store checkout worker, im in my mask, im behind the register, and a constant stream, two or 300 people a day are coming past me. Im a Grocery Store checkout worker. I go to work. What is wrong with a teacher . Why cant a teacher go to school, stay in front of the classroom and deal with 20 or 30 children . We know people go through cancer surgery, underlying conditions i want to provide them with education, with a paycheck to go home, help us out with people that have to do remote learning. Maybe there is coaching they can do for rookie teachers. I get that. If youre susceptible dont go into the classroom. But if youre not go. Get here we have to take the sun way, take the train, im in a car, i never been with a car. Dont know who is in before me. Were not heroic. We have to go to work. You have to go to work. You explain to kids, for those students or for those districts dont have a lot of money, we do bake sales to get a soccer team to go to canada. Can we do different sales and fundraisers to allow testing for schools so they get the same, maybe, in some innercity schools dont have the funding . Maybe we help them out . Maybe some of that money that we have in washington goes to getting these schools and getting some testing, so maybe teachers have peace of mind . Stuart i think a revolt is brewing. I think you can already see that in new york city where parents are so up in arms about elementary schools. I think a revolt is brewing. I dont think the School Closures will last much longer. 20 seconds to you. Business owner, Restaurant Owner colorado, went through 98 different Business Owners refused to close. 98 owners. Get businesses together to do things responsibly, stay open you can stare down these politicians who have no experience. Stuart im with you, brian. Thanks very much for being on the show again. Well see you soon. Thanks, stuart. Stuart big show still ahead, steve forbes, steve cortez, cake boss, buddy valastro, my take. The far left pushing to print more and more money. Well tell you why that doesnt work next. We have stimulus out there. The low rates act as a stimulus. Theres a lot of great opportunities in this market. Of course schools have to be open. Look at california where almost the entire state is in a purple tier, a purple tier. Its almost impossible for the schools to stay open. That is absolutely ridiculous, to lock these children down. 60 million kids are basically missing a year of school. These people have taken kohl of your children control of your children. The second the vaccine e gets to the states, theyll be able to administer the shots. President trump has led the way, and i would encourage all people to get the vaccine. Get it. You make it feel like Christmas Stuart well, secular or christmas music, but thats a lovely shot of the tree lit up very nicely right outside our studios in new york city. Its 11 00 here in new york, and we have a rally on our hands bigtime. There is the hope of stimulus to come, so here we have the dow up 355. The nasdaq is up 111, and the s p is up 3. 25 . 1. 25 . Thats up 44 points. The markets are rallying maybe because were likely to get some stimulus. So, edward lawrence, what stimulus are we looking at in. Reporter stu, this is the anger of lawmakers on display. A Bipartisan Group of senators and representatives have now are leased a framework for a new bill, 908 billion worth of covid relief stimulus here. Were talking about 160 billion for state and local governments, 288 billion in extra support for Small Businesses through the Payroll Protection Program and other programs in that language. It would also see the first round of ppp money would not be taxed to businesses as income. 45 billion for airlines, buses and transportation. To appease the democrats and get them onboard, theres also other things that are in this bill, 5 billion for opioid treatment, 10 is billion for broadband and 10 is billion for the postal service. This was led by joe man thin, susan collins, bill cassidy, jeanne shaheen, democrat from new hampshire, lisa murkowski, angus king, mitt romney and maggie hassan. The Problem Solvers Caucus is also onboard. They did the maths, they counted the numbers, they said they have the votes for this package to pass. Well have to see what happens. Theres a lot of pressure on House Speaker nancy pelosi to do something now, and this raises that ante, 908 billion. Back to you. Stuart sure does. Looks like we might get something, and the markets responding. Edward lawrence, thank you very much, indeed. Good stuff. Now this. Ah, watch out, world. Here comes modern military theory. Never heard of it . This is how the far left will pay for everything. Bear we me here, please, just bear we me. This is not technical, its not complicated. Modern monetary theory says printing money has no consequences. Just print what you need so you get what you want. Easy. Alexandria ocasiocortez is a follower of this theory. To cover the astronomical costs of the green new deal, she would just turn on the printing presses. After all, she says if we can bail out the banks, why cant we bail out the planet . Bernie sanders knows that taxing the rich will never bring in enough money to pay for all of his socialist dreams, so just open the money spigot. 2,000 a month for all working class families, 600 a week for everybody whos unemployed, end homelessness, give everybody a job. You can afford anything if you just print enough money. Stephanie kelton is professor of economics at Stony Brook University and advised both aoc and bernie sanders. She says, quote to save the planet and fix historical inequities, we must give up our obsession with trying the pay for everything. Just print it and, he says, you can have it all she says, you can have it all. These ideas are firmly installed within the democratic part. Its the holy grail theyve been waiting for because they think they can get anything they want and never have to really pay for it. Ill leave it to others to debunk this theory. I just want everyone to be aware of whats coming. The utter debasement of the u. S. Dollar. Hardly a brave new world, more like a disastrous leap in the dark. The third hour of Varney Company if, wait for it, is about to begin. Stuart susan just said to me, what was the point of that, and i dont understand . [laughter] im appalled. Steve forbes, you know what im talking about. What do you think to this modern monetary theory . Youre the guy who mentioned it on the show a couple of weeks ago. Youre the guy who turned me on to it. Well, its a disaster. Its just modern or garb for the idea that you can debase money, create it out of thin air and no consequences. And weve seen in the last century the consequences. You had the german hyperinflation where they pointed money that the modernists would love that destroyed german society, paved the way, created the conditions for the rise of adolf hitler. We know what that almost did to civilization. What theyve done, stuart, is 12 years ago when the fed printed all that money after the 20082009 recession, they didnt get a big inflation because the regulators wouldnt let the banks lend the money. So these people like stephanie k everything lton think, aha, there are no consequences. As this money starts to seep out into the economy, there will be consequences, and they wont be prepared for it, and well have a disaster on our hands. Thank you for sounding the warning on it because this is the train wreck that we can see coming. Stuart glad were in agreement on that. Well talk to susan a little bit later about this. Steve forbes, all good. Now, the markets clearly rallying very strongly today. I think its on reports that were going to get some kind of stimulus, the latest report is maybe 908 billion. Maybe. But you dont like any kind of stimulus at this point, do you . You dont think its necessary. Well, you can make a case, im so glad that were in an environment where 908 billion sounds like chump change after the 2, 3, 4 trillion the packages theyve been bandying about. So theyre going to do something. So, hopefully, they will not put in bailouts for local and state governments mismanagement. Thats where theyre going to try to use the Federal Reserve to get around those kinds of ricks. So try to limit the harm. What they should do, yes, something for small business, remove those ridiculous restrictions they put on the payroll Protection Plan which hurt a lot of Small Businesses because they didnt realize they also have to pay rent and things like that. Get rid of those restrictions, and do one more round of individual checks. I know that sounds strange coming from a conservative, but that is just a onetime thing, doesnt disturb the labor markets, and then we can be done with it and move on, let this economy which has shown great strength after a devastating hit from covid19 let it recover. Unfortunately, the democrats wont let it happen with regulations and the like so, sadly, were going to have plenty to report on as they find ways to gum up an economy that is showing amazing strength under adverse circumstances. Stuart well said. Steve forbes, dont be a stranger. Come back and see us soon, and well get more on modern monetary author true. Thank you. Stuart unbelievable, actually. Steve, thanks very much, indeed. Now, i want you to take a look at this. Its a new oped, and the title is divider obama demeans hispanics and christians, uter trump delivers. Uniter trump delivers. Steve cortes wrote that. All right, lets take the it one at a time. You say that it demeans hispanics, that obama is demeaning hispanics. Tell us all about that. He is, stuart. Hes demeaning hispanics and christians at the same time. As a matter of fact, his statements last week, it was almost staggering how much condescension and how many lies he was able to pack in just a couple of sentences. He effectively blamed the deeplyheld faith of hispanic americans for why theyre turning away from the democratic party. Now, he is right about one thing, hispanics are far more prolife than are other americans and quite proudly sho, but he also got quite a lot wrong. He said they turned to President Trump because they oppose gay marriage. Theres one massive problem with that calculus, and that was that President Trump was the First American president elected to office initially as a proponent of gay marriage and, in fact, barack obama the very person making these remarks he was adamantly opposing g ark y marriage. I think even more importantly is the idea and this is really just duh marijuanaing of the diminishing of the agency of hispanics, that barack obama believes we are such simpletons that we can only base our decision on one issue. The driving force behind the hispanic surge for President Trump has been the economy. And its not just my opinion, but the way, polling shows that. I cite in the article of hispanicamericans who cited the economy as their number one issue, 87 of them voted for President Trump because this president has been magnificent for small business, for the economic strivers, for working class people, many, many hispanics fit into those categories. And for those reasons primarily, we hispanics have been rallying to the America First agenda and to President Trump. Stuart all right, steve. New york times editor, cliff levy, he claims the New York Times will cover joe biden, quote, just as thoroughly as trump. Try to keep a straight that face, steve, and tell us what you think about that. Im not going to hold my breath for that. Look, if you look at the actual record of the New York Times the New York Times, by the way, admitted, we can use their own words against them, that they chased the russia hoax for so many years that once that hoax was completely debunked by the mueller report, they didnt know what to do with themselves as a newsroom. They immediately pivoted to racism because that is the lazy default of the legacy media, the corporate media, unfortunately, in this country. They launched the misbegotten 1619 project. But my point is the record is dreadful. They are driven by narrative rather than storytell telling and journalism. And an agency, a platform like the New York Times and it has a lot of company, unfortunately, in this regard that was willing to ignore the biggest story of the campaign, the biden family and the biden cartel, those platforms cannot be trusted Going Forward to have any degree of honesty the or apply any real scrutiny to joe biden. Stuart steve cortes, thanks for coming back to us, and im sure well see you again soon, steve. Of appreciate it. Thanks, stuart. Stuart that rally still holds. Were up bigtime and so is big ec tech. Susan. Modern monetary theory can be thanked for that. [laughter] look, stimulus hopes are propelling the s p and nasdaq to records this morning, markets moving higher, this report that treasury secretary mnuchin will be speaking with nancy pelosi possibly on covid relief and maybe getting some agreement. Is it going to be 900 billion . Well see. But look at the move in the big tech names, apple, facebook, netflix, google, paypal, i would say these are underperformers over the past month as we know that wall Street Investors have really rotated the in the laggard plays like energy. Banks all of a sudden are hot, materials, industrials. One stock i want to highlight is tesla, taking a look at the value hi once again, adding to its 500 on the year. Teslas going to be added to the s p in just one go, not the two phases that some had initially floated, right . Stuart [inaudible] near the s. Can buy all at once, and Goldman Goldman says l unleash 8 billion worth of tesla stock right off the bat, large cap mutual funds. And dont forget theres 11 trillion pegged to the s p 500. Stuart is this day . No, december 21st. Itll be before december 21st, probably a day before, a few days before, thats when youll start seeing the tesla stock on the s p. Stuart thank you, susan. President trump has raised 170 million since election day. Does that mean well see mr. Trump on the ticket in 2024 . Good question. Meanwhile, joe biden announcing husband Economic Team. We have the details on how the new administration could hit your wallet and, yes, your taxes. First, though, a new york city bar declares itself an autonomous zone. The is state is not backing down, theyve taken away the Liquor License. The owner is on the show. And take a look at that market. Its a good day to check your 403k, people. The third hour of varney just rolling on. Come onover, come on in. You can unwind, take a load off your mind. Make a wish, make a move, make up your mind, you can choose yeah . I switched to geico and got more more savings on Car Insurance . They helped with homeowners, too ok plus motorcycle, boat and rv insurance geicos got you covered like a blanket houston . You seeing this . Geico. Expect great savings and a whole lot more. In a on the most reliable, pnetwork with xfinity mobile. Geico. 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I fought the law and the law won i fought the law and the law won stuart i know that song. Actually right now were talking about macs public house, its on Staten Island. They declaredded themselves an autonomous zone after of the su city tried to close them down. Theyve been hit with fines of 1,000 a day, a shutdown order x theyve had their Liquor License suspended. Daniel is with us, the coowner of macs public house. Look, i want to put it to you like this, daniel, the state has essentially ruined you. I dont know how you survive. Can you survive . At this point were not sure, and that was kind of why we had to take the stand, was because we were crippled down to almost nothing already. And at that point i said and it wasnt just us. A lot of voices out there saying i dont know what to do, and that was the whole reason why we did this, was to kind of gain attention to what needs to happen and what this industry and all Small Businesses, we need help. We need help, and i cant sit back numb and just kick the can down the line and point fingers at other, you know, the federal government or whoever. You have to help, you have to help us. Stuart i can hear children in the background, i guess maybe youve got to feed em, right . Yeah. Three little ones running around. Stuart oh, bow. Were with you, believe me. We really are, daniel. Take me through this. The state said, no, you cant open up, you have got to limit capacity, close you down, etc. , etc. So what dud you then do . You then said were an autonomous zone, and you gave away food and drink, is that what happened . Were adapting to the situation. It really is daytoday. Again, we didnt go completely rogue and say rules are out the window. We are still abiding by every single safety precautions that we took before, Contact Tracing logs, cleaning procedures, temperature scans, everything. And what i find really amazing is that i have a stop business order and cease and desist orders from the city and state health departments, and Neither Agency has ever been there. The sheriffs are issuing these on behalf of the health department, and nobody has even tried to come in to even say, hey, whats going on here. So im getting cease and desist letters from all these agencies, and no one has even said anything like youre doing wrong. The only thing that were major, that were fighting right now is the Indoor Dining ban because its just a mandate. All other laws, regulations and rules were abiding by. Were being safe. And what were asking for is that our local governments help us. And agencies, if youre going to slap us with cease and desist orders and all this, you might as well be the ones to come down to check it out when youre going to issue them. Stuart daniel, i just want to tell you were all very much with you, and i think theres a revolt brewing both here and elsewhere in america. When buzzes like yours are businesses like yours are shut down and people like you are ruined. Thanks very much for being on the showment we wish you the best of luck. Come back and see us and tell us how things are going. Thanks for having me. Stuart yes, sir. Thank you. Were going to show you some airlines, theyre trending higher. Weve got positive news on the stimulus. This package, this 908 billion package that is talked about, that would include money for the airlines so, obviously, the airlines benefiting there. And the arrival of vaccines very soon. That, too, helps the airlines. Then theres the cruise industry. Obviously, decimated by the pandemic. Ashley websters reporting on this for us. Are you on that ship right now . Looks like you are. It looks like it, does it not . No, in fact, this is tellingly so, there are no ships here at Port Canaveral as the industry remains shut down. Where im at really also tells the story, stu. This is the new cruise terminal three. It is i enormous, 185,000 square feet. It was built by Carnival Cruise lines for its cruise shut up mar duh gras. It was ship mardi gras. This was supposed to be packed with people. Theyre expecting some 5 million cruise passengers to come through Port Canaveral this year and, of course, it never happened. In fact, if ever there was a picture that depicted the year 2020 for the cruise lines, this is it. Its beautiful, really is. Youve got security down here, the vip area over here. So the question becomes when do they expect passengers to start coming back, and that is the critical question. I was talking to the port director, and he says, you know, you have to give the cdc30 days notice before you can do one of these test runs, and then you have assuming that you pass that, then theres a 60day period before you can actually start taking on passengers. Those things combined is three months. And i also found out its not just one ship from each cruise line that will be tested. Every individual ship in each fleet has to be tested. So to get back to normal, its going to take a lot longer than some, perhaps, will believe. And will people come back in the same kinds of numbers as we saw last year in well, the cruise lines hope they can provide that confidence with all the testing theyre doing. Changing procedures, someone said to me today he news the days of the freeforall buffet where youre throwing ankle bow e to get that lobster tail, those days are gone. People will serve you individually which is probably more dignified and safer as well. But this does tell the picture, stu. Stuart i hate to see that sitting there empty, or going to waste. Yep. Stuart thats what it is. Ashley, thanks very much, sur. See you again soon. A Los Angeles County supervisor facing backlash of after eating at a restaurant just hours after voting to ban Outdoor Dining. Lauren, come into this, please. Whats with these politicians . Do what i say, not what i do. We are seeing that repeatedly. So l. A. County supervisor sheila kuehl, she dined in santa monica last week, but it was just hours after. She voted to ban Outdoor Dining in the county because it was deemed too dangerous. So why did she go . This is what her team says, quote she loves il forno, has been saddened to see it, like so many restaurants, suffer from a decline in revenue, but her vote is causing even more financial pain, and it comes without appropriate science to back up how eating outdoors actually spreads the virus. If you think thats bad, ive got one more for you. A movie shoot was planned at Union Station in los angeles for today. It was the remake of shes all that from the late 90s. And because it was happening at Union Station, they had to close a popular covid19 testing site there and upend 504 angelenos who were getting their tests done there today. Huge uproar by the local community. The people won, the movie shoot canceled or, i should say, postponed x that testing site is up and running. Its just, its huh huh pockily city hypocrisy, and you can add a couple more adjectives in there, stuart. Stuart you can, indeed, lauren. Well said. The are e volt is growing. Thanks, lauren. The San Francisco 49ers, basically they are homeless. California officials halted all sports. The teams not happy about it. Lets see what former nfl star tiki barber mixes of it too. Makes of it it too. Stuart President Trump has made 170 million since the election, is this a sign hes running in 2024 . Paris dennard joins us next. Im burning the candle at both ends were carvana, the company who invented car vending machines and buying a car 100 online. Now weve created a brandnew way for you to sell your car. Whether its a year old or a few years old. We wanna buy your car. So go to carvana and enter your license plate answer a few questions. And our techno wizardry calculates your cars value and gives you a real offer in seconds. When youre ready, well come to you, pay you on the spot and pick up your car, thats it. So ditch the old way of selling your car, and say hello to the new way at carvana. Stuart joe biden unveiled his Economic Team this week, and his pucks could hurt your picks could hurt your wallet. Hillary vaughn live for us in delaware. Are our taxes about to go up . Reporter well, if theres any indication from his picks putting former fed chair janet yellen in charge of treasury, shes someone who has historically favored high taxes and actually has spoken out against tax cuts. In 2018 she spoke out against President Trumps tax cuts and jobs act saying, quote, the economy did not need a boost. So bidens pick signals that yellen is someone who will carry out husband higher tax tax agenda on high income earners, but it could trickle down to average americans. Biden wants to double the top Capital Gains rate to 40 . Thats the highest since president jimmy cart or. That would apply to investments and other holdings when youre ready to cash out on retirement and also assets you may leave to your family, making it more expensive to retire and also more expensive for your kids if you leave property to them. Yellen is also in favor of a carbon tax that would hit all americans at the pump. It would make it more expensive to heat your home, and the gas tax is one way to raise tax revenue consistently without congress. Stuart . Stuart hillary, thank you very much, indeed. We have been warned about taxes. Got that. Now, look at this, a quarter of a billion dollars has already been spent on ads for the Georgia Senate runoffs. Amazing. A quarter billion. 280 million, actually. Come on in, paris dennard, rnc senior adviser. All right, paris, which i way is the black vote going to go in these two elections in georgia . Well, i tell you that georgias senatorial election is probably the most important thing thats going on right now that we have politically speaking because so much is on the line. You have two democrats that are supporting defunding the police, the green new deal, raising taxes and a government takeover of health care. Those respect things that georgianss in the black community are going to support. And while we know the black vote is critically important in all elections, in georgia its going to be very important. So we implore every threethinking black american thats in georgia that freethinking black american that doesnt want a government takeover of the Health Care System and defunding of police to reject the farleft policies of the democrats running in the Senate Campaign and support people that have a track record of actually supporting and performing and empowering the back community. And that is our Republican Senatorial candidates on the right. Stuart if the two republicans in the georgia runoff, the two republican candidates, if they get the same percentage of the black vote as mr. Trump got in the general election, they both win. Is that accurate . That is accurate. And lets just be very clear, only because of georgias rules and regulations regarding elections makes it so that these two republican senators, Kelly Leffler and senator david perdue, are not sitting senators right now. The only reason why they did not get certified as the winner is because they e didnt get 50 plus percent of the vote. But they still won in terms of getting more percentage than their opponents. So when you look at what Kelly Loeffler was able to do in the past, if you add doug collins support on to hers and if senator for due performs well again and increases even more, theyre going to win. And theyre going to win because georgians are going to turn out to vote for these republicans because they know that they have the agenda that is going to make georgians lives better and not take us in the wrong direction. Stuart all right, paris, ive got to talk to you about this one. The president s raised 170 million since election day. Is he running in 2024 . Youre smiling. Now, do you know anything about this . Have you heard anything, that hes running yes or no . I havent heard that the president is running for new election other than the one that hes running in right now. We believe that this election is not over. Thats why youve seen so many grassroots supporters across the country donate their funds, their treasure, their money in this season to the Republican Party to support President Trump preponderance because they because they want him to keep fighting for the integrity of our elections. So were focused on the 2020 election, and i dont believe that the president needs to do anything stuart okay. But stay focused on this one. [laughter] stuart you, sir, are a diplomat. You should work at the state department. That was a brilliant stood thing. [laughter] paris, we always appreciate when youre on the show. Thank you, stuart. Stuart got it. Remember when alexandria ocasiocortez tweeted this picture showing her staring down senator joe manchin . Well, now hes firing back at her. Lauren, what is he saying . Senator manchin told the New York Times, and i quote i never met her, aoc. Im understanding shes not that active with her bills or in committee. Shes more active on twitter than anything else. That is a slam. And it sort of echoes what we heard from Speaker Pelosi originally when she trued to dismiss tried to dismiss aoc and the squad although you can make the argument that ongoing feud really beefed up the clout of the progressive arm. But now senator manchin is the most conservative democrat in the senate, and there was no blue wave. So everyones got to work with him now. Hes going to carry e a lot more power. Stuart he is, indeed. Fascinating, isnt it . Lauren, thank you very much, indeed. We all know him as the cake boss. Buddy valastro. Hes a new jersey guy. Where, by the way, a full state lockdown is on the table. What does he think about that . Also straight ahead, several members of the u. S. Womens soccer team took a knee for our National Anthem while on foreign soil. What does tiki barber think about that . Ill ask him because hes on the show. Lets get loud, lets get loud. Aint nobody gonna tell ya what you gotta do 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. But what if there was a Hidden Treasure . A prolific area,evada. Untouched for decades waiting to be rediscovered . What if one gold explorer is set to unearth the potential and transform the area into the next big nevada gold district . Corvus gold, gold rediscovered. Stuart the rally holds, ladies and gentlemen, on hopes of stimulus soon. The dows up 300, the nasdaqs up 140, and the s p is up 47. That, ladies and gentlemen, is a rally. And then theres this, the San Francisco 49ers basically homeless. New restrictions on Contact Sports in Santa Clara County, thats their home county, means that the 49ers are on the road for the res of the season. Look whos here, tiki barber, who im told was a former new york giants running back. Hes here with us today with that good smile. Tiki, the 49ers are going to have to play away from home the rest of the season. Surely that affects their playoff chances, doesnt it . Of course it does because it affect their routine. Not that this year has been anything like the routines they have to be used to. Youre a lot of social distance, meetings through zoom, but maybe its emblematic of the larger problem thats facing the nfl as the spread in the coronavirus starts to puck up in these winter months. The Denver Broncos had all four of their quarterbacks unavailable because of covid or Contact Tracing, and so they had to start a free agent, you know, practice squad wide receiver at quarterback, and they got obliterated by the new orleans saints. So the challenges of playing a sport in a Global Pandemic are starting to really hit the nfl hard. The Pittsburgh Steelers were supposed to play on thursday, last thursday, thanksgiving. They might play on wednesday, or they might not play at all this week. It gets really difficult with everything thats going on around the country with sports teams as well as us as individuals. Stuart im interested in getting back to normal, getting back to live sporting events with a crowd. I know youve got a media and events company. Yeah, thats right. Stuart it puts on Virtual Events. You just bought something called robin. Obviously, youre doing extremely well. Right. Stuart to me, tiki, the question is when do you think you might get back to doing live i vents . Give me a time frame. Yeah, thats a good question, stuart, and one of the reasons that robin was such an important strategic acquisition, we are a live event company. Because of the pandemic, we were forced into the virtual side of it. Because were able to do so many more event, it became a profitable endeavor, a profitable pivot for us. So robin allows us to anticipate return of live events. Theyre one of the leading live event procurement ticket companies in the world, theyre based out of canada, and we believe that come middle of Second Quarter or the Third Quarter of 2021, live events will be back. We hope that the vaccine allows that to happen before that point, but, i mean, were excited to grow. The technology that robin possesses in marketing and acquisition but also data and procurement, it allows us to grow and take advantage of a negative situation that weve turned into an opportunity. Stuart thuzio, i sal shall remember that. I shall remember that. [laughter] steady, lets not get carried away here, tiki. Aye got Something Real serious here. Im sure youve seen this, but members of the u. S. Womens soccer team, they wore black lives matter jackets, they knelt for our National Anthem before a game that was played in the netherlands. Whats your reaction to that . You know, at first blush its a little eyeopening, but when you hear the message that theyre trying to say, and i think thats the most important thing, is its not the action, its not how we see or what we interpret it, its what they say or what theyre trying to say, and the message is were standing or kneeling in this case for injustice not just domestically in the United States, but around the world. And if its going to create some negative headlines, then so be it. Were creating awareness. So you have to stand with their position and understand what the message is, not necessarily what the optics is. I think thats something thats gotten lost often in the conversation. What are they actually saying, not what theyre doing. Stuart and has that been in the nfl, if that was a problem, if it was, are you over that problem . Is it a new era in the nfl now . Well, i think in the nfl the messaging shifted after the george murder. The National George floyd murder. The National Football league saw exactly what the players starting with col runs cap orer nick were trying to espouse, and ultimately, they changed their tune. We have gotten over it in the National Football league. Its not that big a story as it used to be. Stuart got it. Tomorrow ive got on this program in the 11 00 hour, i have tim tebow. Can you recommend an opening question . The best question for tim tebow is what is steve cohen, the new owner of the new york mets, going to do with his minor league contract. [laughter] is he still going to be playing baseball, thats the question. Stuart thank you. You know, im lost on these sports things, but you really make it happen for me. Tiki barber, you, sir, are all right. As are you too. I look forward to seeing you again. Stuart you got it, man, thanks. The famous carlos bake shop, 16 locations across north america. The original still in hoboken, new jersey. That state facing another round of lockdowns, the whole state. Can the bakery survive . Buddy the cake boss joins me next. Oh, honey, ah, sugar, sugar verizon 5g is next level. Unlimited plans fit everyone in your family starting at just 35, with 5g included at no extra cost. Plus, youll get the entertainment and gaming the whole family will love. 100 obsessed with the mandalorian. man i watch a lot of sports. woman it has all my favorite shows. Switch now and save 700 on galaxy s20 plus. Its like a gift on top of another gift. Gifts keep coming at you. Everywhere. This is 5g from americas most reliable network. We made usaa insurance for veterans like martin. When a hailstorm hit, he needed his insurance to get it done right, right away. Usaa. What youre made of, were made for. Usaa usaa. What youre made of, were made for. 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. People really love our christmas cakes, but this time of year its all about the cook keys. We make about 15,000 cookies. Theres cooks, like, everywhere its crazy, the amount of ingredients we use christmas week. Stuart well, how about that . You know him from the popular show the cake boss. Buddy valastro joins us now. Youre a great guy. I know youre a jersey guy. I think you were born in hoboken, and youve got a store right there on washington street. I happen to know it very, very well. And, look, youre facing a very serious pandemic situation here. What advice do you have for other Business Owners . What is it . Well, first off, stuart, i just want to let you know what a big fan i am. I always watch you, and i love your show. I think what you say makes a lot of sense, so [laughter] stuart youve got a great store as well. Ill give you a plug, washington street in hoboken, new jersey. Whats your advice, come on. My add views is really youve got to learn to pivot, man. Everywhere, whether its my bakeries or my restaurants that i have, everything is doing 40, 50 . And, you know, at 40, 50 , even with rent reductions you really cant survive. So its about are you going to be able to pivot, are you going to go with the food service. Actually, we just did a deal with tgi fridays where we have our rainbow cake thats being served across america. And its partnerships like that, that are going to fill in the gaps, but a because you just dont know how long this pandemic is going to last. And the people who dont pivot are really going to, you know, how long can you withstand just getting beat on month after month after month. Stuart sure. I mean, las vegas, ill give you a perfect example, i have a restaurant in the venetian. Two days before thanksgiving we, they said 25 occupancy, they dropped the occupancy rate. We had 600 reservations for thanksgiving. We had to cancel, like, twothursday of them. How do twothirds of them. How do you survive . Did you already why the food buy the food . And i dont blame the government officials, i understand whats going on, its a nowin situation, but how do you come back . Stuart but your pivot was to go to tgi fridays and have a cake thats sold nationally. That was your pivot. Well, is that enough to i know youve got 13 stores around the country. Is that pivot, is that enough to keep you guys going . Well, we also really did a tremendous amount of ecommerce. Last week we shipped out about on monday 14,000 online orders. So, you know, just that alone, you wind up being up week after week when you look at what you did last year with the stores and then you put in what you did, say, what you sold on fridays and what you sold online, youre actually up for the year. And taking it a step further, what i like to do is this has always been again, we all get bogged down in business. You know, youre in the grind, youre in the grind, youre in the grind, and we dont always see these other avenues. We know theyre there, i always knew it was big, but we have a factory in jersey city, we make the cakes, we ship em, whatever, its a lot less work than having to make cakes, ship em to chicago, then from chicago to get shipped out to california, then to las vegas. Theres a lot of logistics and back and forth and things that are not very easy. Stuart buddy, i just want to make time for this because i know you were in a terrible accident. Yeah. Stuart as i understand it, your hand was impaled on a bowling pin or Something Like that. A, how are you feeling now and, b, can you bake again . Well, to be honest with you, im feeling better, you know . Its definitely going to be a long road to recovery. But im in the grind of it now. Im at the bakery now. One hand, left hand, no hand, whatever i gotta do to do what i got that do, i do it. Because, again, its not only me, its my employees that i have to do this for, its my family, you know . I have a lot of people on few shoulders on my shoulders, so, you know, they need me to pivot and think and be able to move and shake so that we can keep everybody employed. Stuart buddy, im going to drop by your bakery on washington street in hoboken, and im going to buy a piece of cake from you. Its great to have you on the show. Always a pleasure, stuart. Have a happy holidays, you and your family. Stuart thank you very much, indeed. All right, weve got a couple of minutes left in the show. Im going to tell you now, the rally holds, but were shy of 30,000. Well be back. Im just gonna shake, shake, shake, shake it off. And let me tell you something, i wouldnt be here if i thought reverse mortgages took advantage of any american senior, or worse, that it was some way to take your home. Its just a loan designed for older homeowners, and, its helped over a million americans. A reverse Mortgage Loan isnt some kind of trick to take your home. Its a loan, like any other. Big difference is how you pay it back. Find out how reverse mortgages really work with aags free, noobligation reverse mortgage guide. Eliminate monthly mortgage payments, pay bills, medical costs, and more. Call now and get your free info kit. 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Retire better stuart look at that, that is zoom down 13 , despite a terrific earnings report. This is an argument on this set between susan and i. I say that zoom is down today because investors are not absolutely sure that their progress will continue in the pandemic ends. Susan thinks it is just a case of profittaking. Susan profittaking. 300 sales growth this quarter, last quarter and quarter before that. I that is pretty impressive from a man missed 600 rally in the stock mind you. Stuart that you have three seconds. Time is up. We shall continue, shall we . Yes. Stuart neil, it yours. Neil stuart, thank you very, very much. Were watching a couple of developments. Not least of which is runup at corner of wall and broad with the dow industrials up 240 points. Were picking up where we left off the month of november, even with questioneds selloff. Were recouping a lot of ground there. Following developments for the s p and nasdaq. They were in and out of alltime highs. So well keep an eye on that, what is motivating a lot of investors. Also looking at california this hour. There is a backlash right now going on in the state over these covid restrictions and it is picking up considerable steam. Also in georgia where theyre probing a l