Transcripts For FBC Varney Company 20240712

Market, they see the s p going up another 8 by year in based on vaccine optimism, apple is helping the dow and the overall market as well, david big reveal of new products including a new watch, the stock premarket is up three box, better than 2. 5 , we have ray wang back on the show he sees apple going to 150, it is now 118. Im going to show you amazon, the Accounting Firm deloitte expects on explosive 25 35 gain in online sales this holiday season, amazon is up 37. Seven weeks exactly to the election, heres the Campaign Schedule today, joe biden gets out of his house, theres a headline, heads to florida to address the hispanic vote, Top Democrats are worried that hes been playing it too safe, Bernie Sanders wants him to harden up his message and apparently he is listening, on monday called the president a climate arsonist, strong staff, who is writing his teleprompter, is he in control of his campaign . We will ask, big event at the white house. The president witnesses the signing of two mid east deals, it is a sea change in israels relationship with two arab states and maybe more to come, the president will contrast these deals with obama biden mid east record. River great show coming for you, a warning to china, a warning to iran and everything the president said on fox friends this morning, Varney Company is about to begin the Green New Deal is a farce, it would cost 100 trillion, that is more money that we could make in 100 years, that is ridiculous, if you look at biden he is reading notes and teleprompters all the time and he does not read them well, then when his guy gets asked about that, he makes a fool out of himself when he cannot answer the question because he knows its true. Stuart that was the president moments ago on fox friends and he called out for the prompter problems, we will deal with that, my take given by me at the top of the 10 00 oclock hour. The other story of the morning is money, were starting with s p, modest gain at the opening bell, began yesterday, goldman said the selloff is on its way out and by the end of the year that indicated the s p will be up 8 from where it is now thanks to the vaccine makers, on and mike murphy, what do you have to say about vaccines, you think theyre the catalyst for growth of the market . Good morning, the good news is they are a catalyst, not be catalyst, theres so many other things that could push the market up, the one negative icy is election risk but half of that you have vaccines, you have the ruling in pennsylvania where they say shutting down nonessential businesses is against the constitution so people are going to go back to work, theres so many positive out there and i agreed with goldman boat were not new hi. Stuart i have new doubts about the vaccine be in a new catalyst for the market to go up more. We will discuss that later, i want to talk to about jamie dimon, top banker in america says the recovery could be shortlived, the economic recovery short line because the lack of a new stimulus deal, the election and a new infection, he is talking about the wall of worry that the market has to climb to go higher but you still think is going higher from here . I do, i think the point that jamie is trying to make is there is risk out there, if corona spikes across the country and we start chatting on businesses again, that is a negative. But i think where i will disagree with jamie dimon, we were gone down that road, if that were to happen which i dont see any statistics that tell me is going to, but if it were we know its something that we deal with and get over, the market tanked in march and then we rallied right off those lows to new highs within a few months. Even if we get a selloff based on one of the things that jamie dimon talks about, it is going to be a dip worth buying and the market will continue to move higher. Stuart hold on a second mike i want to deal with the other big story of the morning which will be apple, big september event kicks off in a couple of hours, susan, what are they going to reveal today. Susan were expecting a new apple watch, new ipad air, maybe so much more, im so excited, next month in october, you have to wait for the new 5g iphones, it will likely get to new apple watches, one that is cheaper so this is called the watch six series, thats whats anticipated. New Health Features including blood oxygen meters, better sleep tracking, might be more fitness programs for out home during covid, watches her big money makers for apple, they are 140 company on its own doubling in the past year and the watch make it a path of the sales. We are also expecting a new ipad air, the last model came out in march of last year so its time for a refresher apple, lower price, more affordable than the ipad pro and you get a new sleek edge to edge display, i like that maybe 5g capable as well and the ipad still dominates global capitalist sale and apple does making it the third which is almost second or double the closest competitor of samsung in terms of tablet sales, inc. Of this is a taster before the 5g launch next month. Stuart quite a reveal, while i got it. Hey murph, you own apple, everybody got a piece of apple in the stock market, now priced at 118 bucks a share, where you see apple going. I think apple will take out the previous ties very soon, that was up on over 130 a share in the people watching at home running into the split, apple had a run from 115 to almost 140 then it sold off from 140 down to where it was yesterday 115, 118 this morning, if youre sitting at home and have not zoned apple when can i get in, you take a 20 holdback, thats the time are you getting, if your long the stock, stay long because as susan pointed out, this watch is not about a watch on your wrist, this is about health, healthcare, 100 Million People in this country who are suffering from obesity and apple is looking to tackle that problem, its not a big problem and not a big potential for apple its a massive potential for apple, although it is a watch, its really healthcare, watch that closely. Stuart i shall remember that, see you again soon, was get the latest on the hurricane. Off the gulf coast it makes landfall later tonight, we believe Grady Trimble is on the ground in mississippi any evacuations. The stronger winds and rain are picking up, you can see were in a parking lot in the water is already moving in from the gulf into the parking lot here and thats a real concern in the southern mississippi coast and the storm surge combined up to e flooding not only here on the coastline but potentially in the interior area as well and in biloxi in terms of storm prep, there are a lot of boards upon homes and a lot of businesses closed like restaurants down the street and you can see down there, those buildings are the famous casinos in biloxi, one a hard rock, every casino in biloxi in the gulf coast of mississippi has been ordered to close because of the storm inches his way toward this area. Stuart grading is in the middle of it, thank you very much, ash come into this, do we have the usual and expected uptake in the price of oil because of gulf Oil Production shutting down . Ashley maybe a little bit but not as much as you would think, dont forget hurricane laura came through three weeks ago and already we saw a lot of the Gold Production shut down right now about 21 of goal Oil Production at 25 of natural Gas Production has been shut down as Hurricane Sally slowly bears down, that means close to 400,000 barrels of crude or offline in about 25 of the natural gas output, that region produces 17 of the u. S. Crude oil, 5 of the natural gas output but back to your point, oil is up ever so slightly today, all thanks to the oil glut and the lack of demand, we have not seen prices rise despite the disruption from the storms. Stuart by the way the price of gasoline is going down, it was 223 National Average a couple weeks ago now it is 2. 18. I find that interesting, glut of oil. Facebook, facebook is launching a Climate Change information center, lauren are they going to decide what is right and what is wrong and climate coverage customer. Lauren it sounds so fancy, they are going to provide information about Climate Change based on science and they say the reason is to combat myths and misinformation that are often spread on the platform, most recently we saw this with a wildfire in the west, this is going to be similar to the information hub that they set up about the pandemic and covid19 and since then facebook has taken down 7 million post for a pandemic misinformation and they also slapped another 98 million with a label, i would say they are not deciding what is right or wrong, they are just saying will give you the information based on science, so you decide. Stuart all right lauren, i will believe you. Question, are inviting and joe biden voters getting worried hes reading from a prompter, it doesnt seem accusing control of his own campaign, i will have mike take ethicon for the 10 00 oclock hour, to the election President Trump welcomes the idea, he welcomes the idea of a fourth debate moderated by superstar joe rogue, what if joe biden would expose himself to a joe rogan grilling with no prompter. How did a proposal like this get started in the first place, weve got that story for you, walmart is here, the new Subscription Service for the amazon prime but what else does it do for you, what else do they offer, we will tell you, lets get back to futures, you will like this, up again this morning, 200 for the dow, 143 for the nasdaq and well be right back. These days, businesses are adapting to new ways of working. And innovation is at the heart of it. Verizon 5g ultra wideband is the fastest 5g in the world, with speeds up to 25 times todays 4g networks. Its massive capacity and ultralow lag time is already available in parts of select cities around the country. Which means businesses both large and small can innovate like never before. Will i give you my world how can i, when you wont take it from me you can go your own way go your own way your wireless. Your rules. Only with Xfinity Mobile. Stuart we have the latest read on industrial production, ash tell us how are doing. Ashley how about this for a number 0. 4 , that is disappointing the number is expected to be 1 , july it was 3 in june it was 5. 7 which is the biggest month in 61 years, the trend is not great, it is slowing down industrial production, this number 0. 4 a little weaker than expected. Stuart tell me about walmart, they launched amazon prime buster walmart plus, what a way get with walmart plus . Lets run through for you, walmart is going toe to toe with amazon by launching the new Membership Program today, walmart plus will allow subscribers to get unlimited free delivery at a faster same day they more than 160,000 items with instore prices by the way, the big question, how much does it cost, it will cost you 98 bucks a year, about 2 a week or 1295 a month, homer is offering a 15 day trial so you can give it a try before signing. As you go through this, the new Subscription Service will offer members stand and go, tough free way to shop store, you can use the walmart app and scan your items as you shop and pay using the walmart pay app, it also gives discounts at the gas pumps by the way up to 5 cents a gallon at certain stations, walmart and murphy stations, all of this offers amazon prime which is launched amazingly 15 years ago and now has 150 million members who pay mo more, they pay 119 a year or 1299 a month, to faster shipping a discount and amazon holds the supermarket, a question is, does this, how big is it and can walmart make into the space against that we know is amazon, probably can make its way but the question is it is cheaper and with 15 day free trial, its interesting to see how many people will be enticed. Stuart at least they are trying, at least walmart is making trying to go up to amazon, the amazon of delivery and online shopping, at least theyre trying in the back to 138 i see, thank you. By the way susan, is walmart still in the running to get tiktok. Lauren they say they are, the reason is advertising to a young growing demographic, thats a lucrative prospect, ecommerce selling is good online to 100 million users in the u. S. And growing, walmart said it would talk further with bytedance and other interested parties, this is after microsoft announced they did not win the bidding for tiktok, its not clear the oracle is opening the door to walmart that is still question because its outright sale in the recommendation to a white house. Stuart i dont know whether oracle is going to get it, i dont know whether microsoft will get a piece of the action, i dont know whether walmart will get a piece of action, and i dont know how much the treasury will get out of this deal, its up in the air. Susan the talk is a treasury will get the 25000 jobs that tiktok has promised if the oracle deal does go through and headquarters will be based here in the u. S. , we dont have anywhere detailing in terms of pricing or what other cut the u. S. Government will get in the oracle deal. Stuart one more, tell me about chinas version of tiktok, inside china. Is started in china before elsewhere in the world, they have 600 million daily active users, 600 million daily active users, that is 12 times the number of daily active users in the u. S. , theres only 50 million daily active in the u. S. , 100 million monthly and tiktok is known to help its creators, they make money, they help the creators make money by connecting them with sponsors which is the reason why tiktok is so popular and in china 22 million creators making over 6 billion on the social media apps, think of it as a growing moneymaker which is enticing for a lot of the influencers to move to tiktok instead. Stuart none of that china tiktok is coming here. 0 absolutely 0. Susan thats a Growth Potential that tiktok can offer. Stuart by the way everyone google, youtube is a part of google, they are offering and launching their own version of the tiktok app is called shorts, testing begins in india where tiktok is banned in his experience just countries after that. Premarket alphabet, that is the google stock up 15 bucks, that is up 1 . Lets get up to sports betting, ashley is going to tell us why draft kings and caesars are teaming up with espn and why thats important. Ashley i think it is a sign that the industry is going, marriage between sports brokers, steamed casinos and Online Gambling sites. Espn says it will use caesar sports which is provided by william hill, its a sponsor for fantasy products and draft king will act as the daily Fantasy Sports games and a sports book provider. Espn also launched a recent sports gambling studio at the late hotel in las vegas and draft kings announced Michael Jordan will be advising his board, big names, big cities, this is where its going to spite the fact that sports itself is been so severely hampered by the pin to make that so many more states have legalized sports gambling and as a result we are seeing the partnerships come together unless we get sports back online if and when this will be a huge business. Stuart sit in the bar with your ipad or your tablet, watch the game on tv and gamble as you drink. What could go wrong. [laughter] calm down stew. Bulook at where the market is going this morning, look at the nasdaq up 150 points, there is a rally in the dow is up 200 as well. Lets do it again, look at times square. Utterly deserted. We will be back. For any amount you choose instead of buying by the share. All with no commissions. Stocks by the slice from fidelity. Get your slice today. I wanted more from my copd medicine thats why ive got the power of 1, 2, 3 medicines with trelegy. The only fdaapproved oncedaily 3in1 copd treatment. Trelegy the power of 1,2,3 trelegy 1,2,3 trelegy woman with trelegy and the power of 1, 2, 3, im breathing better. Trelegy works three ways to open airways, keep them open and reduce inflammation, for 24 hours of better breathing. Trelegy wont replace a rescue inhaler for sudden breathing problems. Trelegy is not for asthma. Tell your doctor if you have a heart condition or high Blood Pressure before taking it. Do not take trelegy more than prescribed. 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It meant so much to nellie, maybe it could mean as much to you. Call now and get your free infokit stuart lets concentrate on apple because of the september event takes place virtually in just three hours, tech watcher ray wang is back with us, i know that you are looking for 150 per share on apple and is 118 now, are you making a prediction a much higher price on the basis of todays reveals . Not exactly on todays reveals but in general, what theyre doing in this review are talking about the watch, the ipad and the apple one when im focused on apple one scene where the Service Business is, is 22 of revenue and its growing, it could be a third of apples business Going Forward, hardware cells are the leading indicator in the lagging indicator services when they figure out how to get more of each device. Stuart when do we see the new iphone. I think its coming in october, its awkward to be announced today but it will be announced later in october, 5g, its huge, were talking about a refresh cycle, were almost 37 of iphone users have had therefrom for three years, that will be a big number to watch for plus 5g. Stuart explain it to me if i get a new iphone, the 5g iphone, october what is it going to do for me, what will it look like, what will he do. At this moment it will not make that much difference because a lot of the 5g infrastructure is not in the u. S. But what it should do is make things faster, give you the ability to multiplex, you could screen more things to do more things at the same time, make a phone call and try to stock at the same time, its allowing you to create more Services Plus augmented reality and Virtual Reality built into the devices. Stuart is that such a big thing really . [laughter] faster is better, i think thats part of its being able to get to the services, the new services for streaming on the apple one side so you can stream a movie, play arcade and do things a lot easier. Stuart i have an iphone, i think its a ten, i really like it and i use it for very limited number of things. Heres the thing we basically used it primarily as a camera, primary for email surfing the web, i think that is why speeds are important given the way were conserving bandwidth, the 5g will help with accessing the internet and more and makes it easier for people to connect. Stuart they are laughing at me, just hold off because they know im not real good with technology susan is beside herself right now. We have 15 seconds, stay there, 15 seconds to go, ring the bell starting now, we are going to see a real strong rally i believe at the opening bell, three, two, one, 9 30 a. M. Up we go, Tuesday Morning from the getgo i see a lot of green in the first few seconds of business the dow is up 180 200 points and ive got almost all the dow 30 in the green, they all opened higher, the s p 500, we got a prediction from goldman that its going to go up another 8 by the end of the year based on vaccine optimism and its open with a 26point gain about three quarters of 1 , show me the nasdaq up, a big gang, 128 points up 1. 1 , that is the nasdaq and that is Technology Moving up, were gonna show you walmart and amazon prime buster walmart plus launches today 98 bucks a year end amazon prime is 119, free delivery a lot of stuff including sameday delivery and walmart is up about a quarter of 1 , theres still looking to cash in oracle tiktok, that is walmart again trying to put Amazon Online presence and again, walmart 137, check the pulse of big tech, all of them in the green and apple is up to bucks, facebook four, amazon is up 30 bucks and alphabet of 13 per share, how about tesla i think it is in the green this morning, four and half percent, what is goldman saying. Chinese demand is picking up, the app downloads is up 20 from last year and since were in September Goldman knows that deliveries are usually higher in the final month of the quarter and thats where we are in the turn of success is why tesla stock has been so explosive this year, is up nearly 400 and coming back from the single worst state in the stock history last week, it still done roughly 20 from a high from the 500 share pricing and tesla delivering 11000 electric cars in china in july and just to put that into perspective that is more than the next three largest competitors combined so they dominate the Chinese Market and we have battery day and just a weeks time were elon musk has some exciting things to come and that should be a great catalyst for tesla stock. Stuart im sorry i was just checking my iphone. [laughter] ray wang talk to me about tesla, 441 a share, now where it is ago . It goes to 500 and heres why people are not paying attention to the energy part of their business why they have not done well with the solar panel there doing really well with Energy Storage and thats the other component you can generate and store and backup and whats been going on in california where were losing power in everyones try to figure how to get back up and what will happen next in large commercial facilities are also building backup and if youre trying to go green is not an even power source and you need to have the Battery Storage to metrics going on with the solar production. Stuart you said on this program 500 bucks with tesla, we shall see. Apple is not the only one with new products this month, when we got on google. Susan google is releasing some then on september 30, a new net speaker the chromecast which is like a tv system from a smaller screen to a bigger screen and this is the hardware seasonable spring, we have another impact event to show off another handset on september 23 and then the apple event today, iphone and hardware, its not a big moneymaker for google and 2 billion in sales each year, youtube brings in 17 billion in comparison, what harbor does is helps drive traffic to other Google Properties like searching youtube and the like. Stuart i think alphabet at 15 15. 00 a share. Stuart another hit to dues disney, the news crew ship is being delayed, is this because of the virus questioning. Lauren it sure is, it was the fifth crew ship called the wish and it was delayed because the shipyard where they were building face pandemic related setbacks, the wish was set to sail in 2022, we dont know when the voyage will be now but the ship is not the only disney project that has been delayed, the Star Wars Hotel in orlando and the avengers campus in anaheim both pushed back, we get it, this is understandable but Entertainment Companies need new attractions, they need worthy event to help people reluctant to travel to start booking vacations, so you need new attractions right now. Stuart we really need an update on travel bookings, we just past the labor day weekend. Asked you have anything on Holiday Travel, bookings and how its looking . Ashley you mentioned labor day, travel goes down labor day just slightly this year about 5 compared to last year but that could change for the upcoming holiday for sure according to Vacation Property management company, advance reservations for thanksgiving, christmas and new years eve are all down, thanksgiving down by 60 , christmas down by 35 , new years eve down by 33 all compared to last years numbers. A resurgence of the virus in some regions is a big factor in the belief that the Colder Weather could result in more cases, but reservations could get a boost from last minute bookings, the august reservations to be made a week before checking in airlines reporting the same pattern with passengers booking within a days of flying, these numbers may not be as bad as they look now but again certainly not a normal year, lets put it that way. Stuart that is an understatement of the century. Do you know that. [laughter] stuart checked the big board, we have a rally, the dow is up 224 points at the moment, that is about. 8 , well above 28000 as we speak, the yield on the ten year Treasury Holding steady at. 68 , the price of gold holding pretty steady beneath 2000 per ounce, 1971, bitcoin, we have not checked that in a while, 10900 bucks a coin and oil up a little because of the turmoil in the gulf with Hurricane Sally, i do want to add that the price of gasoline is now falling, 2. 18 interNational Average proved a new pool 65 think maintaining law and order is a major problem, what would President Trump do in a second term to restore peace to the cities, sunday night football only game season near 30 ratings crash, is it because of the nfl woke opening we can, we will tell you alive look at capitol hill where they will debate whether or not to pay college athletes, what does that look like, were just Getting Started this Tuesday Morning, keep it here on varney thats what my dad does. Good job, michael ok, lindsey now tell the class what your mommy does. My mom has super powers. Its like she can see the future. What . its like she time travels in a rocket ship. Thats cool and then she comes back saying try this or try that. She helps everyone. She helps them feel less worried. Wow mommy, so what is it that you do . Im a financial advisor. She is aig proudly supports all the professionals taking care of our financial futures. Everything we have, weve earned. The unmistakable lexus is. Get zero percent financing on the 2020 is 300. Experience amazing at your lexus dealer. Stuart where are we now we are up 220 for the doubt and up 160 for the nasdaq and s p, 34 points higher, big tech got to check them every day, where the money is flowing especially today, facebook, alphabet, microsoft, amazon all on the upside, take a look at nvidia, the upandcoming stock thats going to be the most important in the world, susan will contest that but nonetheless. Nvidia is up 8. At 523, what a rally that stock is had in the last few days. We are on ipo watch, the busiest week for Companies Going public since december 20 06, 17 companies in total. Come on and tell me which of the companies. This is a test of the strength and stability, im going to give you software and tech names set to public this week, it gets going tomorrow, thats the big one, snowflake the cloud data company, Warren Buffett is a big investor, is valued right now north of 30 billion, said to be the best ever software ipo in the biggest 2020, unity software, 3d video games, telehealth companies, the list goes on, theyre all tech in some fashion, there also unprofitable, the market continues to value Revenue Growth over profitability, it is amazing but the money in the energy seems to be. Stuart it is interesting you have 17 Companies Going public this week, the busiest ipo since 20 06, very interesting time in the market, yum the virus in the economic recovery in the election in 17 Companies Going public, isnt that something, then we have power and tear, another big tech name going public soon, what is this all about. Susan is acre degrees new capital or cash, valuation is around 9 20 billion, depending on how the stock is sold, 2 billion shares and being diluted and options of a quarter of a billion, why is that important, when you have a direct listenin listing like par usually get the amount that you raise in a private round, how much are people willing to pay when theres no stock, it is not Public Market so this is the reason why people cash out as well and have a cash out to the direct listings theyre not raising cash, they want the early investors get their money back. Stuart what is palantir do, its a Data Analysis company, and now analyst they help find osama bin laden, they go through a lot of data, figure out a strategy and figure out a lot of information from the data that they source on the internet. Stuart i am biased, i approve. Thank you susan. What about uber, this is for you again, what is this i hear the drivers will help people registered to vote. Susan cooper has millions of drivers across the u. S. , he has pledged to help every driver registered to vote, and to give them a stronger voice in our democracy and the 2020 uber is launching partnership in the new app feature will help every driver in delivery person as you know who breeds delivers a lot of meals and a lot of delivery people, you will see this in the inapt message and it will drive them to vote. Stuart what about the passengers, if i take an uber ride as a passenger, will they help me register to vote. Susan i do believe so, theyre helping their drivers, i dont think they want to influence the vote but they want to help their employees get to the polls if they can, they are similar to what facebook is doing. Stuart look at the stock price, 38 a share on uber. Susan a 12 in the last 30 days. Stuart 38 a share, 45 ipo offer and then back to the lev level, a long time. 38 today, check the big board, we are now 15 16 minutes in and up about two thirds of 1 , the dow is out 20170. And we are 49 days to the election, there is already at least 245 election lawsuit in the court, that may be scratching the surface, judge Andrew Napolitano coming up, i will ask what he thinks about the election chaos that im certain is coming, i will ask him, General Motors is sneak preview on the brandnew electric, how does it stack up against tesla and would you buy one, we are on it. Here . Nah. Here . Nope. Here. When the middle of nowhere. Is somewhere. The allnew chevy trailblazer. Always have been. 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Aerotrainers unique design allows for over 20 exercises for a total body workout, all while maintaining safe, correct form. Now its your turn to lose weight, look great, and be healthy. Get off the floor and get on the aerotrainer. Go to aerotrainer. Com, thats aerotrainer. Com. Stuart take a look at General Motors stock struggled to 30 a share, by the way and all electric vehicle, they will unveil it next month, that is General Motors, look who is here, the founder of spin, the electric scooter and bike sharing operation which is owned by ford, you sold it to them for 100 million didnt you, i think you did well, i think you did very well. You are welcome, we have General Motors and nikola teaming up in the electric Vehicle Market, do you think they will be able to go up against tesla. I think its a exciting time in the electric vehicle space and its accounted for 6. 6 of all Global Vehicle sales and theres room to grow to sedans and pickups and every segment and is a great area to Pay Attention to right now driven on three factors that i can think of right off the back. In the Body Technology reaching practical and affordable and certainly on it segment of tesla battery day on the 22nd period we will all be paying attention to that, second as you pointed out all the financing thats available in the markets coming from Funding Companies like nikola and third unprecedented times, were all forced to reexamine our everyday habits including the vehicles that we drive and also situations like the wildfires in california making us reexamine things like sustainability and pain were a attention to that. Stuart you make a good point, the electric Vehicle Market is 2. 6 of the overall Vehicle Market globally, ive heard predictions that it goes to 10 of the world market by 2030, that seems to be not a terribly fast growth rate in ten years to justify all the money that is pouring into electric vehicles. Stuart i think we will see growth on all fronts and in the segment that im familiar with, these are also vehicles, theyre just micro vehicles in the form of electric bikes and scooters, we might just have more growth coming from that segment, we have rise up 60 from last seen longer trips towards the bikes to get around instead of cars, lets pick up in different ways and how people move around and change the habits. Stuart do you have your electric scooters, how many markets are they not . Were in a few dozen markets around the u. S. And we launched in europe as well. Stuart can you significantly grow it . I think so were on the cusp in earlystage and not in cities like new york city yet, the big metro which a benefit greatly and really dense crowded areas. Stuart can you get into new york city . We are working on it, providing a safe affordable and easy Motor Transportation around downtown especially during this time and especially our street are closing to pedestrian traffic, i think we will see significant private in that realm and the next few months. Stuart you are sold on electric vehicles, i dont blame you you sold for 100 million and thats not a bad deal. Thank you for joining us, we appreciate it. Come back soon. Stuart check amazon, why not, they announced a bigname partnership for their Luxury Stores. Ashley. Susan think of high end, theyre releasing their prefall and fall launch of 2020 this year directly on amazon, people think of amazon for the everyday person and probably for the everyday Household Items but now theyre going highend with Luxury Brands and Luxury Stores for Designer Fashion brands, the reason weve seen a lot of the highend Department Stores like macys and lord and taylor in Neiman Marcus and instead of brickandmortar what else can you do, you go online especially with amazon a king of 150 million prime members, this is the new retail that we live in. Stuart is there a day that goes by the amazon does not make an announcement that theyre getting into that or this, thomas a daily basis. Susan and walmart launches today. 3162 amazon stock is up. Next joe biden did not waste any time calling out President Trump hammering of the wildfires burning out west. Listen to this. If you give a climate arsonist four more years in the white house, why would anyone be surprised that we have more america blaze. Stuart climate arsonist, strong words, it sounds like its in line with the Green New Deal, does not ring a bell, still to come on the show Fox News Contributor liz peek acting Border Control supervisor mark morgan, Charles Payne, National Press secretary hogan, all of that still to come. Im susan and im 52 and i live in san francisco, california. I have been a sales and Sales Management professional my whole career. Typical day during a work week is im working but first always going for a run or going to the gym. I love reading. I love cooking healthy. Its super important to me. I was noticing that i was just having some memory loss. It was really bothering me. So i tried prevagen and it started to work for me. I wish i had taken prevagen five or ten years ago. Prevagen. Healthier brain. Better life. Find a stock basedtech. 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. Stuart in two seconds it will be 10 00 eastern time. Now it is 10 00 eastern time. Here is what is happening to your money. You will like this. The nasdaq in terms of points is up more than the dow. Nasdaq is up 176. That tells you that big tech is doing well. The dow is up 132, above 28,000. The s p, nice gain up nearly 32 points. Happening today, a big event at the white house. The president will witness the signing of two mideast peace deals. A sea change in israels relationship with two arab states. Maybe more arab states to come with the relationship with israel. The president will make, compare these deals with the obamabiden mideast record. That should be interesting. Now, who writes joe bidens scripts . He is almost always reading from a teleprompter. So who writes what he reads . This is important because we want a president who is in control of his own campaign and his own policies. Nobody puts words in President Trumps mouth, certainly not. But joe, he seems like a figurehead, controlled from behind the scenes. Case in point. Bidens weekend silence as the president barnstormed through the west, joe stayed home, saying very little. Democrats got worried. Bernie sanders urged him to get out to make a left turn. On monday he did. He called the president a climate arsonist. Strong stuff and right in line with bernies Green New Deal extremism. The suspicion is that bernie and aoc fed the climate arsonist line into his teleprompter and joe dutifully came out of his house and read the script this is something biden voters should worry about. Democrats put forward a smiling moderate face of the party, but behind the scenes lurks bernie, aoc and kamala harris. This is woke crowd. There is a fascinating oped in the Washington Post. I never considered voting foretrump in 2016. I may be forced to vote for him this year. Danielle pleker. She makes the point. Joe biden would be a figurehead president incapable of focus or leadership, who would run a teleprompter presidency with words drafted by the partys hard left idealogues. Exactly. Im surprised trump hating Washington Post printed it. Somebodys head may roll. No wonder bidens campaign keeps him on prompter. It is not just to protect him from gaffs or keep him focused but to control the script. Smiling joe stays out front and far left writes what he will say. What the president said about this. President trump you look at biden reading notes and teleprompters all the time. He doesnt read him well. When his guy gets asked about that, he makes a feel out of himself and he cant answer the question because knows it is true. Stuart liz peak is with us, the fact that joe biden need as prompter for everything, it should be a major concern for democrats, isnt it . Seems like he has got to have the prompter that is his security, but at the same time it is his vulnerability as well . I think there is no question about that stuart. Look, democrats willingly put forward a candidate they know, they have known for months is he is not capable, capable of mixing it it up with reporters. How will be capable of mixing it up with Vladmir Putin and xi xinping . This is is an incredible scam perpetrated on the voters. The reason he needs a teleprompter, he doesnt have serious grounding. Who is behind all this, democrats saying we know joe, hoping that voters after 47 years think they know joe biden but they dont. He has flipped flop on so many issues, stuart, we dont really know who he is or who is running his campaign. I think this is appalling. By the way it is not working. More democrats are coming out saying look, he has to get out of this basement, rumors or accusations relying on a teleprompter, by the way make the media complicit in this scam, i think it is beginning to alarm voters and the polling is going towards donald trump as a result. This cant happen. We cannot elect a man who cannot be interviewed, for example, by the New York Times who has been asking to interview joe biden since april. I mean who would do that . Stuart really . I didnt know that liz. The New York Times wants to interview him but he is not doing it. Imagine. Stuart Chris Wallace wants to bring him on to fox and he is not appeared so far. I didnt realize that he was avoiding everything to quite that extreme. I believe if you tell me. I will believe that. Liz, Warren Buffetts railroad named katherine farmer named first ceo of a major railroad. That follows citi, jane cramer as first ceo of a major bank. All this is just been announced. Liz, you were a trail blazer, werent you . I have to get this right, were you the first female partner at schroeder a big Investment Firm . Yes, i was. I was one of the first females to be a managing director or general partner in a wall street firm. A long time ago, stuart. Progress is being made for sure. Look i think every Major Company in america would like to promote women. There are a lot of reasons why there are so few women who attain ceo status. A lot of it has to do with lifestyle. The fact that women have other things in their lives including families to take care of. A great many people, including myself, get to a very high position, they realize their kids are more important to them then their career. I know that is unfashionable but that is the truth. If youre lucky enough to have a partner as i did who can sustain your lifestyle, support your family, while you take a break, that is a wonderful outcome. Im lucky i had second or third career after parenting. Not everybody has that opportunity. But look, i think it is great to see women in important positions. Well see more of them im quite sure. But there is a reason why it has been such a tortured journey as it has been. Stuart well, thank you for enduring the torture. Thank you very much indeed for being a trailblazer on Varney Company. Dont you ever leave please. Thank you. Stuart see you soon, liz. Thanks a lot. Thanks so much. Stuart were showing you the markets because we like to and because it is a nice rally. The dow is up 150. Nasdaq is up 160. Scott shell lady is with us. Let me talk to you about goldman sachs, the s p 500 rallies another 8 from here by the end of the year because of positives on the vaccine. What do you say to that . Well i think well rally because of the vaccine but i dont think the vaccine will be panacea. Stuart i agree. A lot of people wont take it. It wont be effective as anything else. Theyre not 100 effective. I think right now we benefit from the fact a lot of people take comfort from the fact they see you wearing your immune system on your face. Once we have vaccine, people take off the immune systems from the face i think we slow down a bit. Folks will be worry, does he have the shot, is he taking a vaccine . Is healthy or not healthy . Imagine getting in an elevator with that . Well slow down before we pick up again. As we see with the moves i do agree with them, as we said on the television every single thing i see is depressing makes me sick to my stomach. I wonder where the good news is this world . The good news with ray wang, the guy you had on before me a little while ago. The good news is the greatness and goodness of the American Economy of the capitalism. Theyre voting with their capital. That is what were seeing transpire in front of our faces. On the other hand we have a economy with draconian governors with their thumb on everything, keeping people down and dire. We have a mayor in chicago tried to cancel halloween. You know what . Were starting to feel this uprising, stuart. I tell you right now, wait until they try to limit the number of people that get to sit around your thanksgiving table and then the groves are off. Stuart do you think there is a revolt . A big demonstration by Restaurant Owners and workers tired of restrictions. Talk of people in restaurants abandoning the rules, opening up, taking the consequences. Do you think there is a strong revolt froing growing here. Slowly but surely. Its a little bit too late. I know this, every friday and saturday night have a beer and a cigar i have the same conversation with different people. I know that conversation is taking place in every other garage around america. Theyre sick and tired of it. Faced with the fact i continue to stay closed, who will build in six months being closed on your Balance Sheet . Stay closed loot everything, go out of business, or i fight and goo down trying . That is the america i know. Stuart i leave it right there, scott. Youre getting all, you know, chesty, and i dont blame you [laughter] im actually with you 100 . I really am. Well, good. Stuart this is america. Come on. Stay locked down forever . When are you ever going to be totally safe anywhere for heavens sake . I said my peace. You, do you want a last word there, scott . Yeah. I will have a last word there, thank you. Yeah i believe in the basic decency of the American People just like i did when the brits when they threw out jeremy corbin. Theyre going to reject this idea of no law and order, anybody can do what they want, they can take it if they dont have it. It is up to them. I have to believe, come election day the basic decency of the American People will shine through in a massive way. Stuart youre a politician, and i love it. Thanks very much, scott. Get to jamie dimon. He says work from home has hit worker productivity. That is interesting. What else is he saying, lauren . Lauren he says it is like workers are taking a long weekend every single weekend because theyre less productive on mondays and fridays in the beginning, stuart, we thought the pandemic proved to our bosses we can be trusted to work from home. But jpmorgan is saying not so fast. In fact, ceo dimon is urging the senior staff back to the office september 21st. He wants others to follow suit. His argument is this. The office is the best place for interaction organically, creativity. That is how you teach the younger workers. You might think you performed just as well as the Kitchen Table but your boss is starting to question that. So you know, i want to keep my eye, i have watched work from home stuff today, zoom, slack, theyre under a little bit of pressure. They will certainly be if we start going back to the office fast. Stuart that is very interesting. Thanks, lauren. Lets get up to speed from apple a few hours away from the big event. What will we see . Susan the stock is up 2 . There is high anticipation for the lawn of event today. No no iphone but you will get a new apple watch and ipad air. Maybe a service bundle. People expect that next month for the iphone display. New apple watches, one cheaper. Watch six series well call it. That might come with health meters, blood oxygen, fitness tracking. Work out at home which im sure stu is, leaking forward to. Watches are a big money make. Apple, 140 company doubling in two years time. Making 24 approximately dollars 24 billion in sales each year this is important for apple. Were expecting a new ipad air. Last model came out in march of last year. Maybe time for a refresh. More affordable. Sleek edge to edge display. Maybe 5g capable. Of course well get the iphones next month instead. Stuart that is fascinating about wearables. Bringing all the money in from wearables. Susan ekgs. Stuart i had one last week. 49 days to the election and President Trump wants joe rogan to moderate a fourhour president ial debate. You just heard my take on biden and his scripts. Do you think he would be able to handle a fourhour live event . Good question. Biden also taking a page out of the president s playbook. Going to florida to woo hispanics. First President Trump taking a hardline against china, moving to block products produced using forced labor. Is this bringing manufacturing back to america . Good question. Well ask him. He is also sending a warning to iran after reports of a plan to assassinate a u. S. Ambassador just before this historic middle east peace deal signing at the white house. Kt mcfarland next as the second hour of varney rolls on. Hi, this is margaret your Dell Technologies advisor to listen, is to hear more than whats being said. And offer the answers that make someone feel truly heard. 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Kt mcfarland is with us, former Deputy National security advisor under President Trump and also the book revolution. Kt, the media is almost ignoring this but i think it is a huge deal. Its a sea change in the mideast. Am i going toe far . No. Youre not even going far enough, stuart. Its a complete gamechanger, not just for the middle east but for the United States. Here is what happened, President Trump set out at the very beginning of the administration, talking about israeli, palestinian peace. Every president tried to do it. Nobody managed to do it. What has trump done, called an outside in, strategy. Instead of dealing with the israelis and the palestinians, he is dealing with the bankers of the middle east. The guys who are funding Palestinian Terrorist movements. So he is going outside to the United Arab Emirates and now bahrain. There will be other gulf arab countries that join the Abraham Accords in the months ahead. By making peace with the israel and sunni gulf arab nations not only does help us as far as secure oil supplies, even though we are energy independent, but what it also does it is a vote of no confidence that the sunniarabs have given to the palestinians. Ultimately the only way to get peace in the middle east, the only way to solve the palestinianisraeli problem was never go directly to the palestinians but indirectly to the other nations this is huge. Stu, think we fought two wars in the middle east over oil. We, our economies have been hostage for 50 years to the supply of middle east oil and pricing of middle east oil. We dont have to be there anymore. Plus it has the added advantage of isolating iran. Stuart it stacks up as a huge deal, does it not . Huge. Stuart youre a former National Security advisor. I want to talk to you about urban unrest across the country. For the moment, just listen to what the president said about this earlier this morning on fox. Roll tape. President trump we have to get much tougher. Were getting weak and soft with a lot of the democratrun cities. They have taken respect away from police officers. They have degraded them. They have, they have fired them. You look at new york. They fired a tremendous number of police, and crime is through the roof. Stuart as a former National Security person, does National Security play into this . Oh, sure it does. If were perceived as being dysfunctional at home, either political divisions were seeing unrest in the cities, other countries look at us, you cant even get your act together. So i think it has a huge impact on National Security. Maybe not a direct impact but a indirect impact. America is only strong abroad if it is strong at home and it is a Cardinal Rule of National Security and Foreign Policy the weaker you appear at home the less leverage you have dealing with other countries. So President Trump is absolutely right. We have to stand up to this. We have to stop it. The United States has gone through periods of unrest at home. During the vietnam war, when i was coming of age and other periods but you have to get it under control. Without getting things in order in your own home it is very difficult to deal with strength and position strength abroad. Stuart wellsaid. Kt, great to see you again. Thanks, stu. Stuart sure thing, gotcha. More on the subject of urban unrest in our next hour with heather mcdonald, manhattan institute. Protesters demand cops let themselves be stabbed or shot. Well discuss that later on the show with heather mcdonald. President trump taking a hardline on china, making products using forced labor there. Is this about moving manufacturing back to america. Good question. Well ask it and get an answer. St uartilstsel a ofa en gre 15up152 n ohe oow o o o o 12up0 n o the o t nq. Dadadadadaa u oppp t, p a pal. Ly mostmo butmott goodoooroohe sdaq. Sd sis s china c iss rebounrengre reil sales s talhere risre rgree e fifi timim this tear. Oingng wel wus . . San an n n look hook the t t. N fro f covid. First time chinese consumers spent more than they did last year. It took almost eight months to do that. Follows on from an initial bounce in manufacturing and property. So good sign that domestic demand is finally catching up. Another bright spot for china exports. August saw the fastest pace of export growth since last year this is different from other countries. Export economies like the europe and u. S. Consumption recovers first before industrial production. China is different type model. It is good thing when 1. 6 billion people start spending. Stuart rebounding is. Ly from the virus. That is a fact. Still on china, Homeland Security wants to block import of products produced by forced labor in china. The gentleman on the right happened side of the screen is mark morgan, Border Patrol guy. Mark, seems to me were really rapidly approaching a fullscale trade war with china. What do you say . Stuart that is outside of my purview with respect to any trade war. What i can tell you cpbs purview is, really our statutory responsibility to investigate and identify products and goods being manufactured with forced labor and producing, preventing them from being introduced into our United States supply chain. What we have, stuart, the Chinese Government continues really systemic endeavor to use forced labor, specifically targeting the Uyghur Community and other ethnic minority groups to produce forced labor. It is nothing more than modern day slave labor going on. Stuart senator tom cotton introduced a bill that would revoke chinas mostfavored nation status. Watch this. This is year is the 20th anniversary granting china permanent mostfavored nation status. Something joe biden voted for and still defends to this day. There were pretty fierce debates in the 1990s, chinese backsliding after tianamen square. We need to go back to that approach, to keep pressure on china every year to stop stealing our intellectual property. Stuart mark, really looks like, feels like a fullcourt press on china . Look, stuart, make no mistake, china is a threat. Senator cotton is absolutely right. This extends well beyond forced labor but intellectual property theft. The list goes on and on what china is doing that is negatively impacting this country. But specifically right now, im very proud of the men and women at cpb, specifically our office of trade who this week, were just able to add additional five withhold release orders targeting specific entities in the shinzhen region specifically we have reasonable suspicion that the Chinese Government is using forced labor to produce goods coming into this country. Stuart is this part of the move to have American Companies to change their supply chain away from china, go someplace else . Well it is not necessarily away from china, stuart, but your question is spot on. We are sending a clear message to the companies, any importer of goods in the United States, they have a responsibility here to insure that the goods theyre bringing into this country are not made with forced labor. Not that were targeting china. Were targeting anyone who is using forced labor. Right now china at the top of that list. Stuart mark morgan, thank you for being with us this morning. Always appreciate it, sir. Thank you. You bet. Thank you. Stuart more on china, i want to talk about the chinese version of tiktok. Susan you told us earlier, repeat it, please, they have got more than six chinese version. Susan chinese version which actually preceded the u. S. Version. It has 600 million daily active users. Compare that to the 50 million here in the u. S. That is 12 times more daily using this short video form of social media than here in the u. S. Stuart that is an enormous number of active daily users. Susan yeah. This is no part of ticktok in america. Susan completely separate. Stuart has nothing to do with a deal to sell ticktock to oracle. Susan nothing to do with that. This is the, this is the answer i would say to the u. S. Tiktok version. They gave us some revenue numbers last night. They helped 22 million creators make 6 billion. If they get up to 600 million daily active users in china, with country of 1. 3 billion, extrapolate the growth rate here in the u. S. And how they help u. S. Traders make money in the future. With the oracle deal, were still waiting the treasury and recommendation whether or not they should be approved by the u. S. President and the white house. Indications are if they keep the data secure, that is the whole point of banning tiktok, if they can do that, then maybe they will get the deal through. Stuart my point was that 600 million active daily users is a very successful platform. Susan it is. Stuart we always thought that americans did this particularly well. Susan right, our platforms were the best. This is a good one, isnt it . Susan first time a Chinese Social Media Company has been able to crack the u. S. Market but i would say also in china you have 1. 3 billion. You have 300 million here. Numbers are a little bit bigger in china. Some would say with tiktok in the 100 million monthly active users is probably the most lucrative of any users on the planet, if you want to judge it from a dollar amount. Users are not equal around the world. U. S. Users are worth more because of that spending. Stuart okay. I didnt know anything about chinas tiktok and 600 million daily active users. Never heard of that before. Susan wow. Stuart thank you for the reveal. Susan there you go. That is my job every day. Stuart lots of green. Its a rally, the dow is up, im squinting, dow up 167. Nasdaq up 130. Big tech doing well. Let me show them to you, how well theyre doing. Facebook is up nearly seven bucks. Google is up 36. Microsoft is up two dollars. Just to satisfy Susan Facebook is up 2. 5 . Susan there you go. Stuart alphabet up 2. 4 . Susan that makes sense. Stuart apple. 8 , amazon is up. 74 . I have new eyes but i still have to squint. Susan you have new eyes, shouldnt you see right through the screen and back through the wall. Stuart one new eye. The other comes next week. How about nvidia . That is doing extremely well recently. Up another five bucks now. That is up 1 , nvidia at 519. Susan the gains are paring back a bit. We started off with multipercentage rallies. Now were up 1 10 of 1 . I wonder if euphoria and bounceback might be a little stretched . Stuart theyre still up. Lets leave it at out. A outrage for you, a Staten Island restaurant had its Liquor License pulled right in the middle of a 9 11 fundraiser for alleged indoor drinking violations. Outrage. We got the story. Were also following this. A federal judge rules pennsylvanias pandemic shutdowns are unconstitutional. So what happens now . Well ask the constitutional lawyer himself judge Andrew Napolitano. He is on the show. Stay restless with the icon that does the same. The rx, crafted by lexus. Lease the 2020 rx 350 for 409 a month for 36 months. Experience amazing at your lexus dealer. i need it so bad dont call it a hobby. Its way more than just a job. This is how we live every single day. Can we go and play . roaring of engines i needed to try needed to fall i needed your love im burning away i need never get old now you can trade stocks and etfs for any amount you choose instead of buying by the share. All with no commissions. Stocks by the slice from fidelity. Get your slice today. Stuart Hurricane Sally is crawling towards the gulf states. I use that word advisedly. It is moving so slowly it, could bring serious flooding and storm surges there. Grady trimble is live in pascagoula, mississippi. Grady, not power of the storm but it is the pace, it is moving so slowly. That is a big deal, isnt it . Reporter crawling two miles an hour at last check that will cause problems in this area. Were 15 miles from the mississippialabama border. This is one of the areas that could take a direct hit from this storm. Were waiting on the latest models. Here is the concern. We have high tide in about an hour from now. You can see the water already moving up higher than it normally does. The storm is churning water in the gulf. The storm surge combined with how slowly the storm is moving, the rain coming with it, could cause flooding here not only along the coast but localized into thing as well. I want to point out in the background, this is a chevron refinery. At last check yesterday it was still operational. But several Oil Refineries in the gulf coast have been shut down because of this. One thing i want to leave you, stu, you come this way, you see the pier. Didnt know what they were looking at, they heard a cat meowing underneath the peer. They grabbed shovels and digging, you pull ad little kitten out from under there . Yeah. This man saw her resting on a board under there. He reached his arm in. As far as he could and grabbed her and pulled her out. I washed some saltwater off her, got her in a towel. I have a feeling i will be stuck with her now. Reporter thanks for doing that. The rain and wind hasnt moved in yet. We saw first rescue of the day. Happy ending to report. Stuart brilliant, Grady Trimble. Right place, right time. Well don young man, good stuff. As usual a hurricane in the gulf is shutting down Oil Production platforms. Come on in, ashley, i dont see that big of an impact on the price of oil on this storm. Ashley no. Because we have so much of the darn stuff. Listen, if the storm stays further to the east it will miss of the bulk of refineries in louisiana but that said, about 21 of gulf Oil Production, 25 of natural Gas Production, already shut down. What does that mean . Well it takes about 400,000 barrels of crude off the market, about 25 of the natural gas output. About 22 of the platforms in the gulf have been evacuated which accounts for 17 of all crude Oil Production. All of those numbers aside, we talked about it, stu. There is a glut of oil. Oil demand is down. It could drop even more before the end of the year. But we have plenty in reserve. If you take a look at the gas prices youve been talking about this morning the National Average down to 2. 18 gallon n a normal period, a normal year. Gas prices go up when we get these type of storms moving in. Stuart i Pay Attention to the price of gasoline starting to fall. It is falling at this moment unexpectedly. 2. 18 is the National Average. Thank you, i will switch gears, move on to Holiday Travel bookings. I think the bookings are taking a hit, ash. Tell me more about that. Ashley yeah. It is interesting. Begin with the Labor Day Travel despite concerns over the coronavirus, Labor Day Travel was only down slightly, 5 for 2019. That could change quite a bit for upcoming holidays. According to Vacation Property management company, reservations for thanksgiving, christmas, new years eve all down significantly. Thanksgiving by 16 . Christmas by 35 . New years eve by 35 . All compared to numbers last year. Why . We have seen resurgence of the virus in some areas. That is a big factor. The and the belief that Colder Weather could result in more cases but reservations can still get a boost from last minute bookings. The trend from august, seeing reservation as week before checkin. Airlines reporting the same pattern, saying passengers are not actually booking until days of flying. Sew well have to wait and see. Certainly the trend is, wait until the last minute before deciding. Stuart spur of the moment travel, i do it myself all the time. Thanks, ash. Interesting story from fedex. Theyre aiming to make it easier to track packages but, lauren, i thought they were pretty good attracting packages anyway . What are they doing now . Lauren they will be obsessively good. Theyre slapping a cheap little sensor on packages. Think medical shipments like the covid19 vaccine. So where the item is can be tracked obsessively in real time every two seconds. So these sensors, theyre new. Theyre bluetooth enabled to connect to a smartphone. At first they will use them for biggest customers in health care, aerospace, and retail. Eventually most anybody can use them. They will be used almost hike i said, every package is kind of crazy how we want to know where things are all the time. They do report after the bell, covid has been very good for fedex. Like cyber monday every single day for them. They raised prices, surcharges. Well see what they have to say about how, were ordering all the time, if theyre going to be able to get us to continue items all the time. Stuart we wouldnt be able to do tracking if not for these things. Everybody has a smartphone. You can always track the package wherever it is, i think we like it. Certainty of knowing where it is. Very attractive. All right. Senators will debate whether or not to pay college athletes. Details are coming your way. But first were looking at nfl sunday football. Ratings down. Is that because people dont like politics in sport . Well discuss it but the ratings really took a hit sunday. Back in a moment. I had saved up some money and then found the home of my dreams. But my home of my dreams needed some work sofi was the first lender that even offered a personal loan. I didnt even know that was an option. The personal loan let us renovate our Single Family house into a multiunit home. And i get to live in this Beautiful House with this beautiful kitchen and its all thanks to sofi. And iso youre a smallhis bbor a big one. You were thriving, but then. Oh. Ah. Okay. Plan, pivot. How do you bounce back . You dont, you bounce forward, with serious and reliable internet. Powered by the largest gig Speed Network in america. But is it secure . Sure its secure. And even if the power goes down, your connection doesnt. So how do i do this . You dont do this. We do this, together. Bounce forward, with comcast business. Stuart big Senate Hearing underway right now about the ongoing debate about paying college athletes. Edward lawrence is with us. Is this going anywhere, edward . Reporter is is a big deal debate. The ncaa and congress may be forced into doing something because some of the states acted in this. Were hearing from the chancellor of university of wisconsin, from others, others from ohio state here. Five states so far actually passed laws that would allow student athletes to be paid and have representation. The latest, 24 hours agnew Jersey Governor Phil Murphy signed into law this type of bill, allowing athletes to be paid for their image, likeness and get representation goes into effect in 2024. California, colorado, their laws go into effect in 2023. Ncaa makes 823 million. More from the tv marketing rights. It makes 124 million of ticket sales. None of this goes directly to the student athlete. We might see some states get a leg up, paying athletes, others not. There may be rules that have to be set. Republicans in this hearing are saying that if you pay a student athlete then it should be spread across all the athletes. You cant have a quarterback making 2 million and no one else making any money. Democrats say if students should get paid the Health Insurance should follow the student, get injured for the rest of their life. This is big debate, congress saying if they need to act and rules be set. Stuart going anywhere anytime soon would be my personal opinion on that one. Good story. Reporter three years well see something. At least a couple of states in 2023 will start paying athletes. Stuart three years will do it. Thanks very much, edward. Tell on sports, listen to this, sunday night football, only one game and its ratings dropped i think think i 20 8 . The ratings crashed s that because of the nfls woke Opening Weekend . 28 . It has to be. What other reasons were there. Teams involved in los angeles. The second biggest market in the country, you have americas team, im not a cowboys fan but even i will admit they are americas team. They rate off the charts. They are the most valuable franchise, yet, you are that far below last year. Stuart, i got to tell you. Im a huge football fan. I watched games this weekend, but when i posted about football on social media i could not believe the number of people that said, i am not watching the nfl. To your words, stuart, too woke. Stuart i got to say before we leave you, todd, i thought foxs coverage of the tom brady game was excellent. It was. Stuart i wasnt aware of absence of the crowd, piped in the crowd noise. They shot all the play action really tightly. I enjoyed it as a sports event on television. How about you . I enjoyed it as well. I love the first drive from brady. You have to realize i know youre a sports guy, acclimating to a new team. Mr. Brady had a rough go. The production value, joe buck, troy aikman, that was great. Stuart i watched liverpool beat leads 43. That was a much more interesting game. I willi will not bore you with. Not my expertise. Stuart obviously, pyro. A Staten Island restaurant had the Liquor License pulled for alleged indoor drinking violations, they pulled the license right in the middle of a 9 11 fundraiser. Ashley, take me through it. Ashley shake your head. The heavy hand of government at its very worst. That is saying something. Inspectors citing joyces tavern on Staten Island, last friday, which was 9 11, during a fundraiser for the fun tell to towers foundation. It honors 9 11 victims. Some people at the indoor table appeared to be drinking a beverage. Another woman at a different table was eating, drinking a glass of wine. Oh, no. The restaurant says the woman dripping that wine was a coowner who was on a break. The party of eight that was cited was actually sipping water. Now let me ask you this, stu. Is it a coincidence that joyces tavern is one of two plaintiffs challenging the limits on Indoor Dining set Governor Cuomo and mayor bill de blasio . Hmmm. I dont believe in coincidences. Stuart you dont believe in coincidences and neither do i. One of two plaintiffs against the governor and the mayor, suddenly get the Liquor License yanked, it reminds me of new jersey where they just clobbered a couple of gym owners for opening early. Ashley right. Connell overkill, if you ask me ash, good story. Thanks for handling good stuff. Ashley sure. Stuart market on the screen. We have fastfood, why not. Mcdonalds the a 222. Well take it. Here is the market. Were still olding on nice solid gain. Nasdaq strong gain there, up 125 points. Thats right. We are only 49 days to the election. That is exactly seven weeks. And President Trump says yes, to a fourhour debate moderated by podcast superstar joe rogan. Whoa. You heard my take on biden and his scripts. Do you think he could handle a four hour live event with joe rogan . Im a skeptic on this one. Do you remember brock pierce, 25 years ago he played the role of the president s son as a first kid, he is running for president as a third party candidate. Guess what . He is on the show. My take on jamie dimon. He says the recovery could be stalledded by the election and new stimulus. Third hour of varney just ahead. Here . Nah. Here . Nope. Here. When the middle of nowhere. Is somewhere. The allnew chevy trailblazer. Look, this isnt my first rodeo 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. 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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 in 13 seconds, it will be precisely 11 00 eastern time. In the meantime, the dow is up 1460, the nasdaqs 160, the nasdaqs up 134. Look, technology is again leading this market higher. S p up 30. Lots of green all across the screen. And now this hey, what could go wrong . The economy is recovering very well, and the stock market is close to alltime highs. I repeat, what could go wrong . Well, jamie dimon, who is often called americas top banker, has spelled out three areas of concern. Number one, the election. I think hes on solid ground here because, as things stand, a protracted, disputed election is inevitable. A delay in deciding just who won the presidency and who won the senate would destabilize the market and the economy. Number two, the vaccine. Now, were going to have more on this in a moment, but as of now, we do not know when well get it or how effective it will be or who will take it. That spells out uncertainty, and thats not god. Im not going to argue with that. Number three, dimon suggests that the economic recovery could be derailed if theres no additional stimulus. My opinion on that, look, i share his concerns over the elections and the vaccine, but im not so sure the economy needs new Government Spending now. Personally, i think wed do better if we just opened up the economy and got back to work. What does Charles Payne think . Lets can the man, because hes here with us right now. Charles, you heard me there. Look, i agree with jamie dimon on the virus and on the election, but im not sure we need stimulus. Where are you coming from . You know, we still have too many people unem i ployed, stuart. Unemployed, stuart. Weve made a remarkable recovery but, golly, its 29 million americans are receiving some form of Unemployment Benefits right now. 29 million. Were still getting 855,000 initial jobless claims, prepandemic is record was 60,000. We never thought wed approach that number again 600,000. Weve got certain parts of the economy like this morning, the manufacturing data from the new york fed was, again, fanta tsaic. The housing numbers, fantastic. But weve already seen so many businesses close their doors for good that if we got a vaccine tomorrow, the people that own that buzz, the people that worked there would still be unemployed. Im of the thought that we need one more push. And i look at it this way, i look at those initial tranches as an effort to save the economy . I would think the next tranche is an effort to push it over the hump. And heres the good news, theres a lot of money saved up. Consumer confidence, though, has lagged. The only thing thats been an l shape has been consumer confidence. It is moving sideways. To get that up, to get people spending, one more shot in the arm, i think with the vaccine would be the ultimate onetwo pun of. Stuart okay. The politics that are involved here, do you think Speaker Pelosi and senator schumer would be willing to give the economy one more push right before the election to get it going again . I think theyve rejectedded the trillion dollar republican plan because they really dont want to see the economy improve. Now, thats me being rather cynical about poll tugs. Right. Stuart what do you say . I hate to saw it, but to say it, but [audio difficulty] you know, i really did. I just said theres no way politics will supersede this, and as each day goes on you say to yourself, golly, can they really put poll picks ahead of these people that they profess to love . While youre eating gourmet chocolate and getting a hair blowout, to really, really, really say you love the American People when some are just not going to have the opportunity. Heres the problem, theyre not going to have the opportunity to get back into society. And, by the way, many dont. Look at new york. The compromise for restaurants is 25 . Thats still going to leave thousands of restaurants out of work, going out of business and still going to leave tens of thousands of people out of a job. Its these places and these politicians that are making it most difficult for people to earn on their own that seem to be dragging and stalling the most. Stuart look, this story is four, five days old, but i still cant believe that nancy pelosi says no to an extra 300 a week, no to 105 billion for the schools, no to more money for testing, no to liability protection, no to everything unless you push in 3 or 4 trillion. Its hard to wrap your arms around that kind of rejection of what working america needs. Thats where im coming from. Last word to you, charles. Im with you a thousand percent on that, stuart. Its just, listen, you had the chance to compromise. We couldnt go 3. 1, you didnt want 1 trillion, how about 300 billion . We see whats really going on here, and its not about any concern for the more than public, its politics as usual. The focus on getting trump out of office superseding the welfare of americans. Terrible. Stuart can i see you on television at 2 00 this afternoon on Fox Business Network . [laughter] please . Yes, i can. [laughter] not only can you see many, stuart, have a pen and paper ready, because i have been making people money, and thats what i love doing more than anything else. This market has some great opportunities out there. Stuart i promise to watch, guaranteed. Gotcha. Thank you. Thank you. Stuart all right, apple introducing new products today, actually, in just a couple of hours, and susan knows what were going to see. Were going to get a new apple watch, a new ipad air. Are you excited yet . This is a precursor to the 5g iphones were expecting next month in october. Yes, two new apple watches here, it is called the new watch 6 series. Itll come with new Health Features. Yes, that includes blood oxygen meters, all the fitness programs since we live in this age of covid and maybe going to gyms isnt as popular as it used to be, watches are a big money jr. Maker. Doubling sales in two years, just two years, and the watch making up half of those sales which come in at around 24 billion each year. Thats a lot of money for most companies. Were expecting a new ipad air, so, yeah, its time for a refresh. Lower price, more affordable than the ipad pro that was released just a few months ago, and i like this you dont, but i do, i appreciate style and look of u pads, so its edge to edge ipads. You heard greg wong this morning, some people say maybe well get a bundling of the services. Were going to get that this time around, probably theyre going to save that for the blowoutth in october when they launch those blowout when they launch those 5g phones. Apple dominates the tablet space, they made up 30 of global sales, and the watches, outselling the entire swiss watch industry in the last year. Stuart youre kidding . I know numbers wise, yes. Apple watches cost a few hundred dollars. Stuart just a shifting of the markets, a shifting toward the apple watch. Yeah. Wearables. Stuart whod have thought . Yes. You get the halo now from amazon which detects your emotions, as you know. Stuart hope it doesnt detect mine. [laughter] what are you thug . Stuart lets get serious. Hold on, its on your screen now. Its an opinion from the new york post, headline protesters demand cops let themselves be stabbed or shot. Heather macdonald, shes the author of that oped. Welcome back to the program. Great to see you. Thanks for having me on, stuart. Its great to be back. Stuart youre talking about urban warfare here. That, specifically the horrific shootings in los angeles. Whats the end game here . Where are we going with this . The end game is were going off the cliff. Were headed towards civil war, stuart. When officers are shot at, when people target officers, theyre targeting civilization itself. For the entire summer, cops have been punching bags for rioters. Theyve been pelted with rocks, bottles for merely making lawful arrests. This weekend we is saw in lancaster, pennsylvania, a man charged at a officer who had been called to a Domestic Violence incident with a knife. This is the same suspect who had slashed four people last year. And the officer shot him, it appears absolutely a justified shoot, because this man was using lethal sources against him. And the usual riots, the we sint house trashed, post office trashed, cop cars burned, cops pelted again with rocks and bottles. This is happening across the country on an absolutely almost daily basis, stuart. And unless our politicians above all the democratic class push back against an extraordinarily false narrative that says that police are racist, the police are necessarily and understandably going to start pulling back from proactive policing. They already are. Homicides and shoots are up across the country. We are moving towards a state of anarchy if were not already fully there. Stuart do you think, real fast, heather, do you think that the democrats position or lack of position, in my opinion, does it cost them the election . You know, outside of fox theres not been ad adequate coverage to these riots and the looting, so i dont know. I dont know if enough of the public are actually aware of what is going on in our nations cities. If theyre paying attention, of course theyre going to lose. If theyre not paying attention, its unclear. [audio difficulty] concern about black lives matter is the police. They are saving thousands of black lives as long as they stay fully engaged on the job. Stuart heather, thank you very much for being with us this morning. We appreciate your point of view and well spelled out. Thanks. Stuart all right. Separate stuff, look at the price of oil. Its up, what, 34 cents a barrel. Thats your lot. Thats not much of an increase for saying that the hurricane, Hurricane Sally, is forcing the shutdown of quite a lot of the gulf Oil Production, the gulf of mexico, shut it down. Yeah. Stuart so weve not seen weve got a glut of oil on the world market, so were not seeing much of a price rise this morning. But look at this, were seeing a decline in the price of gasoline. The average price for regular across the country is now 2. 18 per gallon, and thats actually down from the last couple of weeks. We have got a glut of oil, and weve got a lower price for gas. How about that . As we keep going, Hurricane Sally is a dangerous lu slow storm. Lets go back to Grady Trimble in pascagoula, mississippi, with an update. Its supposed to hit close to land today, i think, grady. Reporter yeah. Right near alabama, about 15 miles from where we are. And one of the top concerns, as we keep saying, is that storm surge. You see off in the distance there, thats the gulf. Hook at this road look at this road already flooded, and thats because were seeing a combination of the storm churning the wart up but also water up and also hide tide in about 20 minutes, and this water spilling over into this area. Thats going to be a concern for the people who live right along the water here, especially those mansions. Theyre not boarded up because, certainly, winds could be an issue, but the biggest concern is going to be flooding with this, especially here. Not only from the storm surge, but also from the rain thats going to be coming down for likely several days here. Its moving so slowly, its just going to be dumping up to 2 feet of rain in this area. And i want to leave you with this because you did mention those Oil Refineries. One of them that is still open is just in the distance there. You can see the towers, the cranes and other mechanisms that they have over there. That one at last check is still open, so its not one of the many that has had to be shut down because of sally. Stu . Stuart got it. Grady, thanks very much. Well see you later. Yes, today marks 49 days, exactly seven weeks til the election, and hundreds of lawsuits have already been filed. Seems to me theres no way we get results on election night. How long could it take to clear the legal backlog with this disputed election coming up . Were going to talk about that. And podcast host joe rogan steps into the political arena. Hes invited President Trump to a fourhour debate. Trump says yes, i dont think weve got a response from joe biden yet. Were going to talk about that, for sure. And the markets seeing positive vaccine news as a magic bull. But a vaccine is not a panacea. Thats my opinion. Youll hear more on that after this. When i was in high school, this was the theater i came to quite often. The support weve had over the last few months has been amazing. Its not just a work environment. Everyone here is family. If you are ready to open your heart and your home, check us out. We thought for sure that we were done. And this town said not today. Even as i look toward 65, and thione thing hasnt changed i still love getting on the ice. Which means i need to stay healthy. Now, as im thinking about selecting a medicare plan, i know i want one that has the kind of coverage that takes a total approach to my health. One that connects all the different parts of my health care to keep me aging actively. Aetna medicare. Keep doing what you love. Guys guys safe drivers save 40 safe drivers save 40 safe drivers save 40 thats safe drivers save 40 . It is, thats safe drivers save 40 . Hes right there. Its him safe drivers do save 40 . Click or call for a quote today. Safe drivers save 40 . You can go your own way go your own way your wireless. Your rules. Only Xfinity Mobile lets you choose shared data, unlimited or a mix of each. And switch anytime so you only pay for the data you need. Switch and save 400 a year on your wireless bill. Plus, get 400 off when you buy the new Samsung Galaxy note20 ultra 5g. Stuart i wonder if thisll make any difference to the market, because this is news breaking right now. Fox has confirmed that Speaker Pelosi has told her democrat caucus that she wants the house to stay until a covid e deal is reached. That seems to me it make more stimulus more likely. Not seeing any impact on the market yet, but she has just said that. All right, now a fox business alert. The World Trade Organization claims the u. S. Violated trade rules with tariffs on china. Edward lawrence, whats this all about . Reporter yeah, its saying the u. S. Did not meet us burden to impose those tariffs starting back in july of 2018 that led to the phase one trade deal. There was some 250 billion put under tear riff, anywhere from 25 , 10 , those numbers have since come down since the trade deal was signed. The wto says this is not a legal finding, its also not making recommendations. I just says the u. S. Did not meet the burden to do that. This complaint was brought by china. The wto in the complaint also said that they are glad the two sides are still sitting down to come to a mutually agreed upon solution and continuing to work this out. Back to you. [laughter] stuart meaningless. Reporter exactly. Exactly. Stuart you know what i mean . But thanks for bringing it to our attention, edward lawrence. Thank you, sir. President trump has accepted an invitation from podcast host joe rogan for a four hour debate with joe biden. Wait a minute. Before we do this, President Trump has accepted an up i havation from pod invitation from podcast host row began for a four hour debate. Watch this. These are vicious people, so it gives me the right to take the gloves off and hit joe because joes easy to hit. But, yeah, i would do it. I would do that, you know, with joe rogan. I like joe rogan. I would do it with joe rogan, but i think sleepy joe wont. Stuart okay, now i understand. Its an invitation to do a four hour debate, trump and biden and joe row began. The gentleman on the righthand side of the screen is hogan gidley, trump 2020 National Press secretary. Do you think joe biden will accept the invitation . No withdraw. No way hes going to do that. Look, the president can stand up there for four hours, joe biden cant stand up there for four minutes. Weve got the best caught with the best record and lord knows hes got the best work ethic. We go to more cities, towns and states in a week than joe biden does in a year. We know how important it is for this president to deliver husband patriotic, unifying message without the filter of the mainstream media, because it resonates, it works. Joe biden wont lean in and talk about americas greatest because joe biden and the democrats dont believe america is great. Stuart but if you wanted to give if he wanted to give your campaign a real shock, joe biden would say, okay, ill do it. That would be a shock to you, wouldnt it . It would but he wont. I mean, thats fine. The fact is this president s going to debate anytime, anywhere, any place. We wanted more debates because we felt like without campaigning in the conventional sense, its good for the American People to see these two men on stage s and we know joe biden cant do this without a teleprompter whether on stage or in his basement. He just needs the extra help these days, and the president s going to do a really good job regardless of the venue. But i have to say the media is going to give joe biden a pass. Lets be honest, if he walks to the podium and says, hi, my names joe, theyre going to say youve done such a good job. Hes been doing this for 50 years, so we expect him to bring it hard, but theres no way hes signing up for this joe rogan deal. Stuart sarcasm is a low form of wit, but i still laugh are. Now then, weve got a new finish. That saws more about you, stu, than it does me if youre laughing at the low form. Stuart okay no oh youre insulting the anchor. You ever want to come back on this show . [laughter] come on. Let me move on concern laugh whilst im still alive here. Twothirds of the people say maintaining law and order is a major problem. Mr. Trump is the law and order guy. Right. Stuart can you tell me what would President Trump do in a second term to return to law and order and fix the unrest in our cities . What would he do . This president is the law and order candidate, he is the law and order president. He wants safety and security in these cities and towns. Hes offered federal assets, and where weve been allowed to come in in this federalist system, weve made peace. Thats just the facts of the matter. But you have so many people on the ground, so many mayors puffing out their chests and telling everyone, watch me, im going to prevent the president from coming in and preventing this city from burning to the ground, just brag about it all over television, and you cant have it both ways. You say its fascist, but the next day when you wake up and see everything burnt to the ground, you say its President Trumps fault. Joe biden wont condemn blm, he wont talk about antifa directly, he wont talk about the defund the Police Movement because he knows they are all of his supporters. We have now seen this. Four days of a democrat convention, the democrat cities are controlled by democrats, and they didnt say a single word about any of that violence and unrest. The president sees it, recognizes it, calls it out, and he will prevent it if given the opportunity by these mayors. Stuart despite your humor, youll be back, okay . Good luck. Thanks so much. I appreciate it. Stuart on the lefthand side of your screen, the stock market. Were up 150 on the dow, were up nearly 150 on the nasdaq. You can tell that techs doing well. Show me the airlines, please. Deltas chief says the company has effectively managed its staffing and avoid most future job cuts, but they still want more government help. Stocks up nearly 3 . Different picture for cruise lines. Carnival says in the Third Quarter they lost 3 billion. A huge amount of money. Now, carnival says, okay, their bookings are showing a slight return to what may have been prepandemic levels, but they still lost 3 billion, and their stocks down 7 . Now this. Where theres positive news on a vaccine, the stock market generally tends to go up. Its often seen as a magic bullet, something that gets us over the pandemic. Caution there is no certainty and, certainly, no guarantee that this is the answer to all our prayers. For a start, when will we get a vaccine thats fully tested and widely distributed . Hopefully this year, but it may not be until 2021. Now effective will it be . Come on, its got to be better than a flu shot. Who will take it voluntarily . Some polls suggest only 70 will sign up. That would slow down the spread, but it would not stop the spread of the virus. Who will be forced to take it . But by that, i mean will children have to get the shot to go to school . Will you be able to get on a plane or go to work if you dont take the shot . I can see the lawsuits piling up. Remember, the virus is not the buy bonn you can plague. It doesnt kill everyone who gets it. There are many people who will object to putting anything in their bodies either due to religious grounds or just plain skepticism. A vaccine is not a panacea, its the start of a Titanic Court battle that will go on probably for years. All right. Weve got 49 days til the election. Joe biden just now talking hiss first trupp husband first trip to florida as the democratic nominee. And 25 years ago he played the role of the president s son in the movie first kid. Now the actor, brock pearce, wants to move into the white house for real. Hes running for president. By the way, he can afford it. He is a billionaire. Made a ton of money in bitcoin, and were putting hum on the show after this. Putting him on the show after this. 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. Keeping your oysters busihas you swamped. You need to hire. I need indeed indeed you do. The moment you sponsor a job on indeed you get a shortlist of quality candidates from a resume data base claim your seventyfivedollar credit when you post your first job at indeed. Com promo the most powerful thing in the universe are. Youre just a kid. How bad can it be . So you like snakes. Ah guarding americas first kid unlock the door. Can be the words worst job. Stuart that was good. It was a 1996 movie, first kid, about the life of a teenager living in the white house. The star of the move is i have, brock pierce, actually wants to live there for real, and brock pierce, an independent president ial candidate, joins us now. Brock, welcome to the show. You havent changed a bit. No, you have, you look good. Look, lets get honest here. You are not going to win, are you . So whats your goal in running as a candidate . Well, first of all, im deeply concerned about the state of our nation. Im concerned about our collective future. Im 39 years old, i turn 40 in november, so time is on my side. Right now we are laying the groundwork for today and into the future for what i think this country needs most, and it needs a new major platform that enables political candidates to get into office not from one of the two major parties and not from a third party. This is a platform to enable candidates to represent the people directly so that we can have a government of, for and by the people, doctors, scientists, engineers, entrepreneurs, around testses, farmers, teachers, a diversity in our government. And there is a possibility of being in the white house next year. I dont have to win the election to become president. If we win a single state in this election, well have made history. No independent candidate has ever done that. And if its a close rouse, it could mean nobody gets the majority of the Electoral College vote stuart okay, hold on a second. You made a lot of money, im told youre a billionaire. Im told you made that money in cryptocurrencies, but thats another story. How much of your fortune are you prepared to put into this effort . Well, im prepared to, essentially, give up everything for the benefit of this country. Not in this election, but im a father, and i cant take it with me, and i ultimately want to do whatever is best as a patriot for this country. Im concerned about our future. I believe were doomed if we dont do Something Like Albert Einstein is credited with the statement of the definition of insanity is doing the same thing over and over again and expecting a different result. I do not feel like we are making the changes necessary to leave behind a world for the generation to follow. Stuart okay. Im not exactly sure i understand what we need to get it going in the right direction. Can you be specific isesome. Yeah. I think we need a real vision of where are we aiming. For one, the metric that we use to measure success in this country historically has been growth. I think we need three new metrics, life, liberty and the pursuit of happiness. Lets measure Life Expectancy and hold our government to account, and lets measure happiness like the [inaudible] and with those new metrics by changing the incentivization of this country, it could lead us to a brighter and better future. Stuart thats the first time a president ial candidate has ever mentioned the king of bhutan on any program on american television. Im not joking. I just want to thank you very much for being on the show. Very interesting perspective and come back and see us again. Thank you, sir. Happy to be here. Stuart what was that . Thank you for having me. Stuart okay, im sorry. I thought that was a different greeting. Thank you very much, brock. See you later. [laughter] okay. Getting in trouble, arent i . All right, some celebrities go to washington, others head to the dance floor. All right, lauren, what dancing with the stars, the premiere, whats this all about . Yeah. So the star of tiger king, carol baskin, she debuted on dancing with the stars last night. Are you ready to see it . Youve got to see it. [laughter] okay. It was neither her tiger costume, nor eye of the tiger that stole the show. Its an doesment taken out by her missing exhusbands family. It asked viewers for information about don lewis 1997 disappearance. It was a pretty moving ad, more so than her dance. It began with his three daughters asking the public for help because ever since tiger king became a sensation, the police have gotten more clues into what happened back in the late 90s. By the way, you saw carols performance, it was the low. Ericson of the night. She got 11 out of 30. Stuart okay. That was still quite a shock when i saw that, but good story, lauren. Thats how i felt. I asked if you were ready to see it. [laughter] stuart yeah. I think i said yes. I might take that back. [laughter] isnt that how you look on the dance floor at the Christmas Party usually . Stuart i have oh, come on ive seen those colors on you. Dont play coy. [laughter] stuart im in trouble on this show. I really am. I havent been on the dance floor in half a century. 50 years . Stuart i danced with my daughter, both of them, at their weddings. Thats it it. Thats it . Like that . Stuart no, not like that. Different costume, i might add. Im moving on, is that okay . Move it on. Stuart microsoft is susan, you cant get it on your iphone. No, you cant, but you can get it on our android, its called the x class from microsoft, the netflix of game streaming. It allows you to basically stream any xbox game without having to buy the console. How cool is that . Stuart i cant wait. You cant [laughter] stuart im going to get myself one of those fancy phones. Right. Those xbox games, why dont you. Some of those games, what is it, like halo or what do you play . Kong. I thought so. You cant get them on iphones, do you know why . Because apples i store requires every game to be broken out stuart the producers are killing me here, theyre bursting my eardrums. Live look at the white house. President trumps meeting with israels Prime Minister netanyahu ahead of a ceremony to normalize relations between the uae and bahrain. Any headlines, well bring em to you. Thats important stuff. But first, pennsylvanias pandemic shutdowns are unconstitutional, so what happens now . Well is ask judge Andrew Napolitano. He is next. The lexus es. Every curve, every innovation, every feeling. A product of mastery. Lease the 2020 es 350 for 359 a month for 36 months. Experience amazing at your lexus dealer. Theyre going to be paying for this for a long time. They will, but with accident forgiveness allstate wont raise your rates just because of an accident, even if its your fault. Cut sonny. Was that good . Line the desert never lies. Isnt that what i said . No you were talking about allstate and insurance. I just. When i. Lets try again. Everybody back to one. Accident forgiveness from allstate. Click or call for a quote today. Stuart a federal judge ruling that the pennsylvania governors virus lockdown orders are unconstitutional. Look whos here, the very man to address this subject, judge Andrew Napolitano, fox news senior judicial analyst. All right, lets not go through the Legal Process here, lets go through what happens now because with, if its unconstitutional, can i just go to pennsylvania, break the rules without penalty . Yes. Yes. At the present time the governors orders, stuart and good morning, its always a pleasure to be with you the governors orders have been rescinded. You dont have to wear a mask, you dont have to stay 6 feet apart, all businesses are open, you can go to work whether he characterizes your work as essential or not essential. And, by the way, restaurants dont have to limit themselves to 25 of capacity. Now, the governor with has said hate night hes going to appeal this to the United States court of appeals to the 3rd circuit in invest. He hasnt done so yet. Hes probably going to ask for a stay of this trial judges order. The judge is not going to stay husband own order, so its really up to a panel of three appellate judges in philadelphia. If they dont stay the order, pennsylvania is free, free of all his regulations. Stuart that really is a sensation. I mean, its just so out of the blue, so unexpected. Isnt it great, i mean, i know whose side youre on, judge [laughter] isnt it great to absolute and upheld in america these days. Im sure were on the same page on that one. Yes. This opinion actually characterized the right to earn a living as a fundamental liberty. That has not been the case in the United States of america since 1934. Thats not just academic, that means the government has to jump through great hoops before it can interfere with your right to earn a living. It cant say your work is essential and somebody else says its nonessential. It isnt do that cant do that anymore if this case is upheld. Stuart wonderful stuff. Okay, judge, 49 days to the election, already, what, 245 lawsuits by our count in the courts already. I say theres no way you get a result on election day. Its going to be delayed significantly. Theres going to be enormous legal challenge. Its going to be a mess. I think you agree with that one too. Yes, i do agree with it. Stuart, as you know, both the trump camp and the biden camp have begun hiring lawyers full time. At last count the former Vice President has over 250 lawyers on the campaign payroll, experts in election laws in each state a because we dont know which what states the controversies will arise. They probably will arise over signatures. No more hanging or dimpledded chads, but does the signature on the envelope that contained a mail hundred ballot match the voters suggest in the governments records. Thats what this unless one of them wins by a landslide, thats probably what this is going to come could be to, and well have a month to come down to, and well have a month or two bush v. Gores in a dozen states. Stuart no way around it, right, judge . No way around it. No, there is no way around it. The advent of voting by mail has gone from 40 million voters in 2016 to 80 million. The president is on a jihad against it. The president has demonstrated problems with it in the past. The states are Going Forward with it anyway. Its anybodys guess how this turn thes out. I hope when we wake up on the 4th we know who the president is, but im with you, i dont think we will know that the day after election day. Stuart got it. Judge, thanks very much. We always appreciate it, and we will see you again soon. Thank you, sir. Pleasure, stuart. Stuart Stuart Varney talks sports. Okay. Stuart Alex Rodriguez and fiance jlo have lost their bud e to buy the new york mets. Ashley, who won the bidding . How about billionaire steven cohen . He put down an eyewatering 2. 4 billion to, indeed, own the new york mets. That, by the way, is the highest price ever paid for a north more than sports team. The agreement was finally made with the current owners, its been a lot of back and forth. But it will now be up to the other 29 other Major League Owners to decide whether mr. Cohen will be allowed into their club. He needs 23 yes votes to succeed, and he would become the fourth owner of the mets since the start of the franchise back in 1962. According to the new york post, multiple sources say the deal does not include the Mets Television network. There was speculation that cohen might try to include that in late negotiations but, apparently, that did not happen. And as you say, the consortium put together by Alex Rodriguez and his fiance, jlo, jennifer lopez, had been the strongest competition, but they dropped out after being refused exclusive negotiating rights. Cohens ownership vote is expected to come. Stuart 2. 4 billion, you are right, that is eyewatering, indeed. All right, lets go to caterpillar. Whats this . Machinery sales down, and the stock is down over 2 . Whats the story, lauren . All right. So caterpillar is reporting their fifth straight month lu decline of at least 20 in global sales of their machines being bulldozers, excavators. The biggest hit was in the energy and the transportation sector. So the numbers down 20 in august, but look at that. In north america down 35 . Cat seems to be doing a bit better in asia. Chinas economy is, basically, 90 reopen. But caterpillar is a taking a hit today because this is a sign of demand to build. Stock down 2. 5 . Stuart not good, but well take it. Thanks very much, lauren. Florida reporting just over 1700 new virus cases monday. Thats the lowerrest singleday count in the state since june. Thats big news, but you probably wont hear about it in the mainstream media. We will disit with senator rick scott, florida republican. Hes next. One day well look back and remember the moment that thing, for one strange time in our lives, got very quiet. Some lost work and invented new ways to get by. Others were busier than ever, and found strength they never knew they had. We sheltered with the people who matter most, sometimes finding how far apart wed drifted. We worried over loved ones, over money, over our planet. And over takeout. And we found a voice one the noise out there had kept quiet. When the world starts spinning again, lets remember this time where none of us felt secure, and fight for a future where everyone can. Because when the world seems like its standing still. Thats the perfect time for us to change it. If i could, baby id how can i, when you wont take it from me you can go your own way go your own way your wireless. Your rules. Only with Xfinity Mobile. Stuart seven weeks exactly to the election, and bind is now making his first and joe biden is now making his first visit to florida. Hes going to appeal to husband panic voters hispanic voters. Florida senator rick scott joining me now. I can see how President Trump would do well in south florida with the hispanics who are largely cuban around miami, but im not so sure about oh parts of the state, like orlando, dominated by puerto ricans. New e comment . Sure. First off, i think its too late for biden. Trumps going to win florida, and heres the reason whew hispanics want jobs. Their just like theyre just like our families, they want jobs and they want to be safe. Joe bidens been around for a lock time. Whats he ever done . The Democratic Party is a socialist party. Hispanics are antisocialism, and joe biden was part of the obama appeasement of castro and maduro, you know, did nothing to hold dictators accountable. That resonates with all the hispanics, and so its too late. I dont care how much Michael Bloomberg tries to sell, its a bad ad. Whats he going to all he can do is lie about joe biden because hes soft on crime, doesnt care about jobs, soft on dictators. It count work in florida. Stuart we just reported that yesterday, monday, there were 1,736 new cases of the virus in florida, and that thats the lowest since june. I would have thought that more people would be talking about this, and i also would have thought that this is helpful to President Trump. If you have come through the virus and are really beating it down, i would have thought that works well for President Trump. Well, first off, unit hear about that unit hear about that on cnn stuart mr. Senator, star cam is a sarcasm is a low form of wit, and you know it. [laughter] they dont like any good news about whats going on. Of course, look, i think the president ought to talk about what, you know, what hes doing. I think our governors, our mayors should talk about what theyre doing. Clearly, people in florida have listened, theyre wearing their masks, theyre social distancing, and our economys getting back to work which is really good. Its another reason why the president s going to win, trump cares about the economy, joe biden cares about growing government. And by the way, hell have the biggest tax increase in this country. How many people are going to say, oh, yeah, i want more taxes from joe biden . I dont think so. Stuart you seem very sure that the president will win. Tell me though, whats the status of the polls right now, biden, trump in florida . Well, even the public polls are saying that its a tossup. Well, a tossup in a public poll in florida means youre going to one by 47 points. In my three races, there were never any polls that said i was going to win. I told trump back in 2016 if youre within 3 points, youre going to win. If any public poll saws youre within 3 points, youre going to win. Stuart many senator, as always, thank you for joining us. We always appreciate it. See you, stuart. Stuart more varney after this. Arket. Its smarter Trading Technology for smarter trading decisions. Fidelity. Stuart it is tuesday. Were looking ahead to friday. So, please, ladies and gentlemen, send in those emails and videos like to stress that, and videos. Go on twitter and facebook pages. Made be featured on. Varney viewers fox business. Com. Keep it sharp to the point. You can be nasty if you like. , neil, it is yours. Continue to follow. Waiting for the big announcements that the white house today. A peace deal, when you come down to think about it. Recognizing everyones right to do business with each other. It is one thing, one country involved. It is another two countries involved. Both recognizing and wanting to continue to do business with israel. Talking about the United Arab Emirates. Bahrain. There could be others president hinted on fox friends this is morning. Well get into that just a bit. Event were following. A lot of this will be