why? well, look, there are a lot of positives there today. another virus drug goes into final clinical trials, and the fda gives fast track authority to vaccines. any good vaccine news, market likes it. the stock splits of apple and tesla producing more gains for those two key stocks. more on that in a moment. and the administration appears to want a $1.3 trillion virus aid package. that's helping. and maybe this too helping stocks, what's that? the democrats getting nervous about joe biden's chances. the polls are tightening in some key states. joe has been reluck about thely pushed out of his house to campaign. democrats are very worried about his performance on the road. and two prominent leftists -- michael moore and bill maher -- both acknowledge their anxiety. monday morning, last day of august and, yes, there is a chill in the air. "varney & company" is about to begin. ♪ ♪ [background sounds] >> out of the homes and into the streets! stuart: chaos in d.c. rioters hit the streets overnight, disturbing residents as much as they could see. they were screaming get in the streets and shining lights into people's homes. police have had had to clear out so-called black lives matter plaza as the scene intensified. we'll be covering this and other chaotic scenes throughout our show. this is now a political issue. let's get to the markets though, first and foremost. big news on apple and tesla. their stock splits take effected today. you can see the results on the air right now. susan, it's helping. let's start with apple, it's really helping the price. >> yeah, good morning to you, stu. welcome to stock split monday. apple trading around $125 and change after a closing above $500 on friday, so to splitting those stocks four for one. six years after the seven for one split, it really doesn't change much though except for apple's influence on the dow which goes from the most influential to middle of the pack at 17. but as a result, we have apple's stock split. we're looking at only the third dow shake-up this millenium and the second in this decade. out goes exxon, salesforce, honeywell and touch more on tesla also splitting five for one, trading at 450 instead of 2,000 at the end of friday. stock splits are rare in this modern age, in 2020, and fractional shares available, so there's a lot of motivation to split their stock. but this might be a good thing for the stocks themselves since we have tesla up some 60% since the announcement and apple's up 30%. stuart: that is an extraordinary move for tesla just since they announced -- >> august 11th. stuart: 54, 55 -- 60%? >> yeah. stuart: i'll take that. keith fitzgerald, that is extraordinary. what a result. let's start with tesla are. up nearly 60% since they say we're going to split. i mean, is the split responsible for that gigantic increase? >> well, you know, to susan's point, is the split responsible, that's hard to say, but it certainly is a major, major factor because people are suffering from this fear of missing out. wall street, for the most part, has missed this, stu. they have simply not gotten onboard, they've never believed a new high until it's bit 'em in the you know what, and here we go. i love it. i'm going after both stocks this week personally. stuart: say that again, you're going after -- that means you're going to buy more apple? i know you own it already. you're buying more apple? >> believe it or not. >> stuart: you're going to -- >> and tesla, you bet. stuart: okay. whatever you say. [laughter] i would have thought it would take a strong stomach to buy into a stock that has gone from very lower to very, very high, but that's your business, it's your money. tell me about the big changes that are happening in the dow, salesforce, amgen, honeywell in, exxon, pfizer out. is the dow now a different indicator to you? >> well, the tough part, right? i don't fully understand the rationale behind it. it's a cap-weighted index, and you're taking three grand-added companies ostensibly to reflect the more modern economy. i don't necessarily buy that logic or argument. technical stuff, but history suggests the companies that you booted actually do better than the companies that stay in. now why that is, i don't have any idea, so is i'm not letting go of my pfizer or raytheon, for example. but it's not going to cause me to buy into the dow any more than i already have, let's put it that way. stuart: your bottom line is this is a modern economy, this is a technology-driven economy, fully so, and you don't think that the dow quite reflects that at this point, right? >> i think the dow is beginning to reflect it. the psychology used to review the dow is still grounded in manufacturing. stuart: all right, we'll leave it at that. keith fifths is buying apple, buying tech this week. how about that? let's get to tiktok, we've got soars news there. china is putting a roadblock in the purchase of tiktok by wal-mart and microsoft. big story. >> yeah. look at the stock reaction this morning, both microsoft and wal-mart are down on this complication because china announced new rules on friday evening, and now it requires chinese companies to get approval from the chinese government before transferring over any technology and, yes, that does include technology that tiktok uses. this doesn't really derail the talks, but it does slow them down, and tiktok had intended the -- to sit down in exclusive final talks. but it really is a signal from the chinese government that they want greater say over this forced tiktok sale too. president trump has said he wants a cut of i any deal with proceeds going to u.s. treasury, but price that year for geographies could see somewhere between 20-40 billion. microsoft said we'll get a deal by september 15th, we know the executive ban goes into effect somewhere in the middle of september. stuart: china just threw a monkey wrench right in the middle of it. >> it does, obviously, make things a little more difficult. stuart: okay. now what have we got next? fda commissioner stephen hahn, he says, yeah, he's willing to grant emergency authorization for a vaccine before phase three trials end. doc siegel's with us this morning. doctor, will the public trust a vaccine that's not been fully and conventionally tested? >> actually, stuart, i don't really believe that an emergency use authorization will occur before the vaccine phase three trials have occurred. i don't think that's going to happen, but i'll tell you what i think will happen, i spoke to robert redfield on friday, and he said the vaccines look more likely every day, quote. very excited about this. we have six in the united states in the final stages of trials, nine around the world. we're looking at being done with phase three trials sometime in late fall, and we're already showing safety. so the question is how effective are the vaccines. and really he might issue an emergency use authorization when the vaccine trials are done before the red tape. so we might cut through the red tape. but in the united states, we're not going to do this, i do not believe, until the trials are done. but in late fall i think you're going to see vaccines. stuart: well, here's the key question: by november the 3rd, election day, will someone, anyone in the united states of america, have been vaccinated against the virus? >> very close, stuart. i can't say november 3rd, but i think november's very reasonable. i don't know about election day, but right around that time. stuart: okay. now deal with this one -- >> it'll be emerging. stuart: okay, i got it. look, doctors in nevada say they found evidence of the first person reinfected by the virus. there are reports that a 25-year-old man appears to have contracted two different types of the virus five months apart. doc siegel, i thought you could not get it twice. >> well, stuart, it's -- the virus is migrating a little bit, or slight changes. but i want everyone out there to know with 25 million people having had this around the world and 6 million in the united states, this is an extremely rare event, stuart. if you get this virus and you recover from it, you're almost definitely like 99.99% no chance you're going to get it again. there's one prevailing strain we haven't seen a major mutation. this is a huge outlier. i do not want people afraid of this, it is not common by any stretch of the imagination. very, very, very unlikely. stuart: doctor, stay there for a second. come in, christina kristina par, joining us this morning, we appreciate you being here. talk to me about the fda expanding the use of remdesivir. >> reporter: yes, exactly. so you have american biopharmaceutical firm gilead sciences got the green light from the food and drug administration to expand the emergency use of its antiviral covid-19 treatment, that would be remdesivir that you mentioned. previously, patients needed to have severe covid-19 and be hospitalized. now hospitals can use this treatment on everyone that is hospitalized regardless if they have severe or less severe symptoms. they have a 5 and 10-day trial. patients did recover faster than the placeboment we take a look at the share price, we saw it relatively flat at the moment. there was excitement about this antiviral covid-19 treatment, however, the stock did drop once the fda rejected the blockbuster arthritis drug. but regarding this one, i'll just end with this because i know dr. seeing ising can weigh in, gilead admits the benefits of this drug is still uncertain, but the fda believes that the risks outweigh any type -- sorry, the benefits outweigh the risks, so so they're moving forward. as of now, everyone can use it. stuart: back to you, doc siegel. the benefits outweigh the risks. what say you? >> that's right. and, you know, people out there need to understand that an emergency use authorization is not fully licensing a drug. it's saying, hey, we've got a problem, this drug helps, let's get it into the hospitals, thousands and thousands of doses because, stuart, we're seeing a shortage of remdesivir. and the study in the new england journal of medicine showed that for anyone that required oxygen or had lung issues with covid-19, this had a big impact in terms of getting better and getting out of the hospital. i'm all for this. i think it's very smart science, and it should happen. stuart: got it. doc siegel, thanks very much for joining us. fox business alert, governor phil murphy from new jersey giving indoor dining the green light. they can open at 25% capacity, mandatory social distancing between tables and all of this happens come friday this week. check futures, we're going to be down for the dow. looks like down, slightly down for the s&p, modest gape. tiny gain, actually, for the nasdaq. elon musk at it again with his latest technology. new kind of implantable chip for your brain. he says it's like a fitbit for your skull. [laughter] we'll try and explain how that one works. joe biden getting out of the basement, he's heading to pennsylvania today to ask voters, quote, are you safe in donald trump's america? he's finally addressing urban violence. top white house officials file the first direct israel to uae commercial flight. morgan ortegas on the new mideast peace after this. ♪ i had shingles. horrible. a young thing like me? [camera man] actually anyone 50 or over is at increased risk for shingles. the pain, the burning! my husband had to do everything for weeks. and the thing is, there's nothing you can do about it! [camera man] well, shingles can be prevented. shingles can be whaaat? [camera man] prevented. you can get vaccinated. frank! they have shingles vaccines! -whaaat? -that's what i said. we're taking you to the doctor. not going through that again. [camera man] you can also get it from your pharmacist! talk to your doctor or pharmacist about getting vaccinated. talk to your doctor or pharmacist lookentertainmentour experience: xfinity x1. it's the easiest way to watch live tv and all your favorite streaming apps. plus, x1 also includes peacock premium at no extra cost. this baby is the total package. it streams exclusive originals, the full peacock movie library, complete collections of iconic tv shows, and more. yup, the best really did get better. magnificent. xfinity x1 just got even better, with peacock premium included at no additional cost. no strings attached. stuart: jared kushner, senior adviser te president, national security adviser robert o'brien landing in abu dhabi, traveling from israel. that makes it an historic flight. the first commercial israeli flight to an arab gulf country. here's what kushner had to say about it. roll tape. >> we are about to board an historic flight, the first commercial flight in history between us israel to a gulf arab country. while this is a historic flight, or we hope that this will start an even more historic journey for the middle east and beyond. stuart: well, an historic flight, for sure. let's bring in morgan ortegas, spokesperson for the state department. one thing that surprises me, mayor dance you're getting virtually no publicity for this. i can see how it's a breakthrough, no publicity. why not? >> i guess probably because it's election system, we should, you're right, stuart. that is el al flight 971 that went from israel to abu dhabi. also notably flew over saudi arabia as well. i believe that's the first time an el al flight has flown over saudi arabia. it was actually just last week that mike pompeo, secretary of state, and i were in the middle east as well, and we were able to fly on the first official nonstop flight from israel to khartoum. we had the first recognition of israel between an arab state in 25 years between uae and israel. so this just shows that ronald reagan was right, peace through strength is what works. stuart: where do you want to take it? how do you build on this deal between israel and the u or ae? where more can you get beyond it? >> well, i think it's incredibly important. one of the most beautiful things that i saw of all the pictures last night on social media were some young emirati children that were holding, they had a flag behind them, and they were holding an israeli flag, and i believe there was a united states flag too. it's fundamentally important to know that the israeli and emirati children are going to grow up in a world where they're allowed to inter9 act with each other, go to each other's countries, so that's incredibly positive. we also hope, of course, that more states in the middle east will follow, and we think this is a direct result not only of president trump's vision for peace, but of the fact that we have empowered our gulf arab allies against a nefarious regime in tehran which is the world's largest state sponsor of terror. the previous administration, the obama administration, chose to give our enemies billions of dollars. this administration has chosen to strangle them financially, has chosen to take out the head of their terror network, qassem soleimani, and we have chosen to embolden the gulf arab states and israel and we're seeing peace through strength and not by abdi abdicating to our enemies. stuart: morgan to morgan ortugai wish we could get more must puby to this breakthrough. >> well, thank you. stuart: come back and see us. delta, the first airline to put hand sanitizing stations on their planes. i get they're saying it's safe depending on the size of the plane, there might be up to five sanitizers onboard. they're also installing more hands-free fee etures, touchless faucets, garbage lids, etc., etc. i think want you back. now, the big news in the airlines comes to us from united. they're making significant changes to penalties you pay for changing planes or changing flights. what have we got, kristina? >> yeah. this is, i guess, a win for a lot of us that are so annoyed about that $200 fee that united charges people when they change flights. they're saying, hey, we're getting rid of the change fee. you no longer have to pay $200. but, of course, stu, there's a catch, and what's that catch? it on the applies, ands this is the important part, to standard tickets, standard economy as well as premium ticketholders. if you buy the cheapest ones which is the basic economy tickets, those are not included. and so you will still have to pay the difference in the actual original price and the old price. so if it's $20, you still have to pay that. stuart: i did not know about that caveat, and that is, as you say, that's important, kristina. by the way, they took in $625 million in these change fees, so they're giving up quite a lot. >> exactly, yes. stuart: tell me about american airlines cutting flights, more flights this fall. >> yeah, it's unfortunate, but they've announced that they're going to be cutting capacity by 55% in october, and this continues as the pandemic gets the best of the travel industry. you also have the fact that vacations are starting to slow, so it's relatively a slow period for all of the airlines. but they did say that they're going to be slowing down services to 16 cities across the united states. and this comes too as the tsa and the latest numbers, the tsa travel, what we're seeing travel screenings down 72% compared to last years at this time. so that's a drastic number. and the good news though, the airlines more specifically are adding about 20 seasonal routes for customers to warmer destinations, but that's only really on saturdays. stuart: but otherwise it's a very slow comeback for the airlines, that's what it looks like. and, by the way, kristina, thanks for joining us this morning. thanks very much. >> thank you. stuart: ash and lauren out, kristina is in. take a look at the futures, please. it's kind of a go nowhere market early anyway. fractional gain for the nasdaq. check out times square. there is a chill in the air, but that's not what's making the place look like a desert. new york is still not back in business. we'll be back. ♪ ♪ hi, this is margaret your dell technologies advisor there's an art to listening. it's the ability to hear more than what's being said. to understand the meaning in every pause. and to be able to offer the answers that make someone feel truly heard. i understand, let's get started. that's what you get when you talk to a dell technologies advisor. find a stock basedtech. on your interests that's what you get or what's trending. get real-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions. fidelity. ♪ ♪ stuart: well, look at tesla's stock price having undergone the five for one stock split, it's now 440 per share, down ever so slightly this morning. now, let's bring in the managing partner of new street research. pierre, you have downgraded tesla. i read your notes. you expect it to go to -- your target price is $1500 a share post-split, that's $300 a share. you're expecting this thing to go down. explain why. >> thanks for having me. so starting in late july with a neutral rating, so what does that price target mean? it means i recommend investors to look at add adding to their position to tesla below $1500. why is that? i'm stilling looking, you know, at the company five years out, 2025. i think the stock is worth $2,500. so if you buy the stock today at $1500,, that gives you less than 15%. so it's not an active investment. that doesn't mean i expect the stock to fall, i'm just telling investors when the stocks do that -- for now it's -- [inaudible] stuart: okay. but whatever price an investor chooses to get in, you're saying that long term, over a few years, it is a very solid, good investment, that's what you're saying, right? >> absolutely. five years from now this stock is going to be at least $2,500 because this is really valuing the business of tesla. you know tesla is looking at insurance policy f