Debates backtoschool, voters are not allowed to see or hear him say those words. Almost immune. We have a lot more on this, believe me. Lets get straight to your money. An economic indicator, here it is, 1. 19 million new jobless claims. That is the lowest number since the economy tanked. It is very good news for the recovery. The trend in new claims is flat out down. The dow industrials taking a little heart from that. We were lower, now were going to be up maybe 30 odd points. Not much of a gain. Theres a lot of green on the lefthand side of the screen. The market story is the march to new highs. The techheavy nasdaq already hit several records this week. The dow is at the 27,000 level. Thats up 8,000 points in four months. Theres a lot of very positive news in the background. Positive vaccine news. That helped. Dr. Fauci says well have tens of millions of doses of the vaccine available early next year. Heres another plus. If congress doesnt come up with a virus relief package, the president will act himself. Investors want the money. The stimulus plan we are told will be a plus. You will see the president today. He goes to ohio to check out the whirlpool factory that brought some manufacturing jobs back here from mexico. All right. Heres what is called a tease. Just wait until you see joe biden responding to a softball question on china trade. We will play it for you. Varney company is about to begin. Stuart it is the story everyone is talking about. That is facebook and twitter, censorship and the president ial campaign. Susan li, lay it out. Susan the Trump Campaign posted a replay of the president s interview on fox friends where he said children are almost immune from the coronavirus. Both Companies Say that that claim violated platform rules. Facebook removing President Trumps post from his own page, first Time Facebook has done that to any trump post for breaking its covid rules, while twitter temporarily restricted the Trump Campaign from tweeting until the video was removed from their account. But it is a sign that social Media Companies and platforms like twitter and facebook are willing to step up the policing of the Trump Campaigns posts and the president s posts. Facebook has removed posts and ads from the Trump Campaign in the month of june they say showed alleged [ inaudible ] back to the Nazi Movement and removing the posts that contained the video of the black and white babies hugging in the street. They are also slapping warning labels on President Trumps minneapolis post as well, and twitter has factchecked, we know that, shielded some of President Trumps tweets while children, i want to get the facts out here because children are less susceptible to contracting covid but there have been cases of Young Children dying from the illness. He did say almost immune, right . Stuart he said almost immune. Thats the expression that was removed. Thats what got the post taken down. Im calling it political censorship. Seems to me facebook is basically saying you cant say that. Its becoming an arbiter of truth. Thats the very thing zuckerberg said it would not become. Howard yue is with us, professor at imd business school. From a business standpoint, big tech is a bastion of tenanhe antitrumpers. What do you make of that as a business professor . I think whats really interesting, you are looking at a shift by mark zuckerberg. As you said earlier, he has declared himself as not the arbiter of truth. I think what happened must be over the last week, the congressional hearing. He must have observed all this aggressiveness by law makers demanding shifts inside facebook, never mind internal backlash and unrest inside facebook employees. So when he looked at all the tech ceos they are all taking a position much more lenient to what the lawmaker. Maybe thats why facebook took a new stand. Heres the implication. Stuart would you stay there for a second. I will get back to you in a moment. The other issue, the tech business issue is tiktok. Its 100 million users in america are up for grabs. Susan, any new developments . Susan microsoft still the lead suitor, looking to outside investors to finance any deal possibly with tiktok. Thats despite holding over 130 billion in cash themselves. Tiktok could be worth anywhere from 10 billion to 30 billion according to reports, with the Trump Administration also weighing tiktoks fate, last year, according to fox business reporting. Meantime, to deflect from its chinese roots and ownership, tiktok announcing overnight its spending half a billion dollars on its first server in ireland in the european union. It will be operational in two years, they say. Tiktok says its meant to protect user data and the Trump Administration has accused tiktok of sending the data of its hundred million users right here in the u. S. Back to beijing. Tiktok has said its servers for u. S. Customers are in the United States and backups are in singapore. Stuart i got that. The issue is President Trump wants to take a piece of the tiktok sale price. Professor yu, come back in again, please. Seems to me, again, this is my opinion but it seems to me President Trump is now the negotiator in chief for american business. What do you say . It is very unusual because normally, the president or administration would take a back stand to allow businesses to negotiate the deals. I think what were seeing here is they are setting up a new norm where government would directly intervene in the companys operation and its not just the United States, right. We see india have already banned chinas tiktok and wechat and baidu. Apple is facing a patent fight over siri in china that could potentially block iphone sales. Going forward, i think around the world, government is going to use the reason around privacy issue, national security, local job, local economy, to really have a heavy hand to shape the tech giant Going Forward. Stuart its fascinating. I think you put your finger right on it. Theres a new normal coming and here it is. Professor, thank you, sir. Appreciate you being with us. Thank you. All right. Lets get straight to your money. The markets, kind of a mixed picture. Dow up, s p down, nasdaq up but none of them moving that much. Marc tepper bringing his usual Morning Energy to television. Good morning to you. Good morning. Are we going to see a series of new highs from here on out . You have been looking for that in the past. Were close. The market has been unbelievably resilient. Jobs numbers today were a heck of a lot better than expected so things are getting better. You actually saw the futures start to turn around on that news. Here we are, sitting within 1 to 2 of all time highs on the s p 500. Stuart you saw it coming. I dont know. I dont know if it was easy or tough to project that. What were seeing under the surface, in the past, the entire index was rising. What were seeing right now is the correlations among stocks, they are coming down. Youre seeing more winners but you are also seeing more losers. Right now is where active management makes the most sense. In my opinion, i think theres a much better opportunity to be selectively buying stocks right now versus plunging headfirst into the index. Stuart okay. We are always looking for pandemic winners on this program. We think we found a category that will be Animal Health. Pet care. I dont know how you pronounce it. Zooetis reported this morning, great quarter, optimistic for the future, for the rest of the year. The stock up 3. 5 . I believe you own some of that. We do. Stuart tell us what you see for this Animal Health pandemic winner section. You think about it, throughout this lockdown, people were sitting in their homes for two, three, four months and all of a sudden, there was a surge in demand for buying Companion Animals, dogs and cats. Theres a waiting list to get dogs right now at a lot of places, animal shelters are running low on animals. So zoetis is all about Animal Health. It offers the best risk reward in that space. It had another beat and raise this morning. Whether we are talking about dogs or cattle, they have the medicine to keep those animals healthy. A lot of people are spending more money on health care for their pets than on themselves right now. Thats where we saw the big beat with zoetis, on the Companion Animal side of the business. The livestock side has been a little weaker but it makes sense because the issues with livestock are Meat Processing facilities were running slow and restaurants were shut down. We think thats a shortterm issue. Stuart mark, im out of fitime. We are looking for pandemic winners and you found one early. I trust you have done well with it. See you again soon. Thank you, sir. Lets check more stocks related to the virus. How about moderna. They announced their price range for their virus vaccine. All right, lauren, how much . Lauren the most of all the drug makers, between 32 and 37 a dose. You need two doses. The price is a tiered system so it depends on how many doses are ordered. I want to show you this. This is what the other drug makers will charge for their vaccines. You are seeing moderna well ahead of the bunch. Also more than the regular flu shot which tops out at about 25. Remember, moderna received almost 1 billion from the government to produce the vaccine. Dr. Fauci telling reuters he is thankful the government gave money to many vaccine makers, they didnt put all their eggs in one basket. As a result, dr. Fauci expects tens of millions of doses to be ready by early next year. But that is conservative, the white house is looking for hundreds of millions of doses early next year. Stuart i just remember yesterday, the codiagnostics chief told us it would be 100 to 120 for the spit test. Not a vaccine, but the spit test. Thats quite up there. All right. Lauren if youre doing that frequently, that adds up. Thats a big expense. Stuart it certainly does. Thanks, lauren. Look at the market overall. No clear direction this morning. Not that Much Movement in any of the indicators thus far. However, look at this. New york city, mayor deblasio putting a virus checkpoint at various places of getting into the city. That is a restriction of internal travel inside the United States. Meanwhile, the governor of new york, cuomo, hes begging wealthy residents to return to the city. We will deal with that. Look at this. New poll shows a majority of people in support of mailin voting. You know where i stand on that. I think its going to create absolute chaos. We will debate it. Plus, President Trump is heading to ohio today to tour whirlpools washing machine factory. Congressman jim jordan from ohio will be with him. I want to know what he thinks about all this political censorship, facebook and twitter. I will ask him about that. Come on in, were open. All we do is hand you the bag. Simple. Done. We adapt and we change. You know, you just figure it out. Weve just been finding a way to keep on pushing. Robinwithout the commission a wayfees. So, you can start investing today wherever you are even hanging with your dog. So, what are you waiting for . Download now and get your first stock on us. Robinhood. Where you can find games, news and highlights. All in one place, right on your tv. The xfinity sports zone. Use your voice to search every stat and score. Follow the teams you love. And, even get notifications with breaking news alerts and more. With the xfinity sports zone everybody wins. Now thats simple, easy, awesome. Say xfinity sports zone into your voice remote today. Stuart in our endless search for pandemic winners, weve got another one. Zinga up nearly 4 today. They had a big quarter, right, ash . Ashley they certainly did. Turns out homebound americans are bingeing on mobile games and Companies Like zynga have really benefited. In their last report they said revenue up 47 year over year, to 452 million. Not bad. Also, you know, people like puzzle games, according to the company. Their most popular titles, empire puzzles, merge dragons, merge magic. Never heard of any of them. Again, im not their target audience. But all of that said, stu, the Company Reported a Second Quarter net loss of 150 million or 16 cents a share. But these numbers are impressive, point to a more interesting future. But the problem is, what happens when the lockdown really does start to ease and how do Companies Like this fare when that happens. Stuart i got my dollar says they will keep playing those games on their phones just like they do right now. Ashley i think so. Stuart i think so. Look at sonos, the speaker company. Susan, you were following them. The stock is down 10 . Whats the problem . Susan yeah. Consumers actually spent during covid to make their homes more comfortable and they actually did buy more sonos speakers. Sales came in higher despite the fact Retail Stores were closed and shut during that period but losses widened so they had to spend more. The ceo says the stimulus checks didnt mean people were spending on speakers but spending more time at home did. They also noted their buyers are less impacted by layoffs and more fortunate to still be employed so they can still spend on sonos speakers. Sonos introducing three new products during the quarter, cutting 12 of their staff. Andrew left says sonos on its own may not be interesting but it could be a takeover target for someone like apple in the future. Stuart its cheaper now, isnt it. Got that. How about whirlpool . The president goes to ohio today looking at the whirlpool factory. Lauren, youre looking at the stock. Tell me more. Lauren well, looking at it because whirlpool is a poster child for the administrations trade and tariff policies, right . Remember the president slapped a 50 tariff on cheap washing machines coming from asia. Thats protected whirlpool jobs. Thats the first issue. The second is now americans are stuck at home. Guess what . They are upgrading appliances. Whirlpools stock barely moving now but its up almost 20 this year. Ohio is the swing state and it has picked the president ial winner in every election since 1964. Imperative that President Trump goes there. Stuart well, hes going there. Hes going there today. As we said, hes going to visit the whirlpool factory. Joining us is congressman jim jordan. Hes from ohio. He will be with the president. First of all, why whirlpool . This president has been manufacturings best friend. Whirlpool is a company with thousands of employees across our great state and all around the country. As you mentioned, the trade policies that the president has enacted has benefited not just whirlpool but all of Ohio Manufacturing and frankly, manufacturing across the country. This is a great place to visit right now. The northern part, northcentral part of our great state and in our district. Were happy the president is going to be here. I think hes going to get a tremendous reception. Remember, he won ohio by eight and a half points in 16. I think hes going to do the same in 2020. And hes going to be reelected as president of the United States. Stuart thats interesting, because at this moment in the latest poll, biden leads mr. Trump by only one point in ohio. I noticed that today, joe biden is going on a virtual tour of ohio but the president will actually be there in person. Yeah. Yeah. The president s going to be here. Hes going to head to cleveland, talk to some folks there. Its going to be a great day for our state. As i said, joe biden can hang out in his basement, he can do his Virtual Tours and keep making all the mistakes he makes every time he speaks. This president is going to get out and about and talk with the American People and remind them of the great economy we had. Remember, before this virus, taxes cut, regulations reduced, economy growing at unbelievable clip, lowest unemployment in 50 years, wages up. Everything was going great. Guess what . The virus hit but the Great American comeback has started. The numbers you had at the top of your program, the jobs numbers, the market numbers, its all moving in the right direction. If we can get democrat governors to actually let their citizens, let americans go back to work, you would see us right back to where we were in march. It would happen but for these democrat governors who dont want to let americans go back to work. Stuart i have to get this in. You are the perfect person to talk to about censorship. Facebook and twitter taking down that post from President Trump where he said children were almost immune from the virus. I call it flatout censorship. I guess you do, too . No, it is. Why is it always conservatives . You never hear about anyone on the left getting censored. Its always conservatives. Heres what twitter did just a couple weeks ago. They let the leader of iran, the largest state sponsor of terrorism, put a tweet out that said he will strike a blow against american citizens. That was fine. But they censor the president of the United States. So look, over the next 80 some days before this election, we got to call it out every time it happens, then when President Trump wins reelection and republicans take back the house, we have to look at the consequences for big tech targeting conservatives. Theres no other way to say it. Its not a hunch, not a suspicion. Big tech is out to get conservatives and they will continue to do it. There has to be implications and