Proceed with impeachment we should say that removal from office is highly unlikely given there are only 12 days left in his presidency, however, theres a blockbuster editorial in todays wall street should resign. Sting he the president has been denied free speech perhaps for ever from facebook and at this point its through to say the administration and Republican Party are in disarray. Again, same as yesterday, look at this with stocks moving higher. Dow jones, a small gain, maybe im s p may be at 10, with nasdaq up. A lot of green on the screen again to this morning. Bitcoin extremely volatile, its now over 42000 a coin. Extraordinary. 42000 for bitcoin right now. One more news items that at any other time would be the lead story, Unemployment Rate 6. 7 , unchanged, but the shocker is the economy dropped 140,000 jobs. Its all about lockdowns and in the report the Hospitality Business lost 498,000 jobs, mostly in food service and bars. Participation rate is still down, so not everyone that lost their job has come back to the workforce. What a day. Varney co. Is about to begin. To the demonstrators that infiltrated the capital, have defiled the seat of american democracy. To those who engaged in the acts of violence and a distraction, you do not represent our country and to those that broke the law, you will pay. We have just been through an intense election and emotions are high, but now tempers must be cooled and calm restored. We must get on with the business of america. Of my campaign vigorously pursued every legal avenue to contest the election results. My only goal was to ensure the integrity of the vote and a new administration will be inaugurated january 20, my focus turns to ensuring a smooth orderly and seamless transition of power. Serving as your president has been the honor of my lifetime and to all of my wonderful supporters, i know you are disappointed, but i also want you to know that our incredible journey is only just beginning. Stuart theres the president , returns to twitter with a video announcing his acceptance of the bidens of victory. Lisa boothe is with us this morning. Hello. Stuart do you think this will stem the tide of resignations and defections or is it too late . It might not do that, but its on acceptance of the reality of the situation and its unfortunate. A lot of people wanted President Trump to win, but its not going to happen so now its more incumbents for troubled supporters and republicans to look forward to the future and what it looks like for the Republican Party, what does the future lookalike for future elections particularly for concerns with mail in ballots which i believe are valid concerns. We look at a race like new yorks 22nd Congressional District and its yet to be called because they were inundated with absentee ballots. They were not resourced for it and they have had numerous troubles trying to count, so these are real issues we have in the country particularly when looking at the integrity of data election to have a election with both sides of the aisle trusting particularly after democrats and many in the media for four years of saying russia stole the 2016 election, so we are at a unhealthy place of the country when you have both sides really not to trusting the outcomes of elections, not trusting the integrity of that election so that really needs to be a focus moving forward. Stuart i agree. Hold on because i want to talk about the president who has been banned from facebook and instagram possibly indefinitely speak to the latest the twitter account has been on lock but facebook, Instagram Still blocked until at least his term ends and maybe longer, but you also have snap chat, twitch among companies that have locked or terminated President Trumps account. Look at the difference in daily active users, facebook by far the most influential. President trump has a bigger impact on twitter with 88 million followers accounting for nearly half of twitters daily active users and some say President Trump has a single handedly kept twitter relevant over the past four years and thats what stock dropped over one and a half percent when they blocked the president s account so what happens to the company and stop when the administration ends, thats a big question and also important to note the power of social media, who decides who gets the megaphone and some pointed out that trumped only conceded and talked about the transition after he was locked out. Stuart it may be thou social media ones to get in with the Biden Administration because they face regulation they dont want to face harsh regulation. Susan its a tight balance thing for them because they get from the left and the right and theres no winning in this case. Stuart let me go back to lisa on this. I think its a dangerous precedents and we are becoming a society where only one opinion is allowed and i dont like it and im sure you dont. And big tech is already within the Biden Administration with a lot of big executives donating to the Biden Campaign and we saw people of google, facebook joining the Biden Transition Team so that is already happening and we are living in this dystopia right now where voices of opposition to the left are being shut down and its if they can silence the president of the United States, the rest of us dont have a chance and thats a dangerous place to be in as a society and look what happened this week is unequivocally wrong. The people that committed the acts and violated the law should be held to account for their action, people died, but we should not allow the events and the acts of a few indicts 75 million fellow americans who love the country and want to make it better who dont want to make it worse than a challenge is what we have seen from so many in the media and the left is this dehumanization of Trump Supporters. They have called them racist, sexist, homophobic and the list goes on and when you do that for an extended. Of time it makes it easier to silence them and we have seen calls from the left to put Trump Supporters on the list. It makes it tougher for people that have joined the Trump Administration to find jobs in the future. You can go throughout history where there have been this dangerous points in society so i think we need to rethink where we are and we will certainly never be at a place of unity with half of the country using viewing the other half past last man. Stuart thank you, lisa. Back to the markets. I see plenty of green, up 70 for the dow jones, up 76 for the nasdaq, modest rally and the dow jones is up 31000. Jonathan hoenig is with us now. You have seen the rally and its quite a rally. Do you think this would be the case if this were any other country . Is a tragic really sad difficult week in america with the loss of life that the iuppercaseletter mean you have to have its just amazement and appreciation for this great country in the market hitting alltime highs. I mean, if this were argentina the market would be down 20 or many parts of europe and latin america, turkey, you would see stocks cratering, but thats the most less free parts of the world, political unrest leads to Major Economic unrest because the government controls so much of the economy, so thankfully america is not dominated by the government and its economy is not dominated by state run firms. We have firms like evil big tech creating these wonderful applications that make our life better and is part of the win that in my opinion of the founding fathers, you know life, liberty, property and the pursuit of happiness , that imports of private property and there is risk, i mean, government is borrowing a lot of money pushing Interest Rates up in the dollar down, but this stock resilience is the heroes of the economy. Its not washington dc, they are working on the job in there every dare americans. Stuart democracy works. On, jonathan. I went to get back to you in a second because i want to talk bitcoin, the other big story of the week in the early part of 2021. Look, almost 42000. Susan how do you feel about 40 up in one week . Thats what bitcoin has done doubling in less than a month and now worth more than a 20ounce of gold of bar. You kind of remind me of scrooge mcduck. We are talking about the correlation broken with golden bitcoin overtaking the metal as the alternative hedge of choice. Stimulus, global money, possible inflation, that government policy and also a weak dollar so you have seen bitcoin go like this where gold has gone down. That means is very bullish for bitcoin going forward. Stuart i would rather have a 3ounce gold bar. I can bury it in the backyard. Lets go back to jonathan. Your reaction on bitcoin on my view on gold and gold bars in the backyard. Let me point out that scrooge was the hero, a job creator and a hero. Look, susan is correct, the dollar is weak and thats one of the reasons people are piling into alternative assets and commodities have been a huge run, bitcoin as well. I called bitcoin a bubble on the show and i stick by that because the nature of the bubbles is based suck everyone in an money seems to be easily made. I have seen this story before its the converse story back in 1999 work everyone is getting rich but me and this notion this time its different so end of story. s bitcoin 100,000 or 1000, before its over it may be both work that was the case of a lot of Internet Companies in 1999. Stuart where do you get your energy from . You are amazing. Thank you for being with us. President elect biden claims to be the unifier, got it, but listen to these comments he and Kamala Harris just made about the capitol hill protesters. Roll tape. It had been a group of lot black live matters protesters they wouldve been treated differently. We witness to systems of justice. Stuart i suggest that may be fanning the flames of division, but thats not all. The medias take on the riots shows they are truths colors in my opinion is that i think they are out for revenge. I will talk about that coming at. Checking futures, grin across the board. Back after this. Shingles . Dios mio. So much pain. Maria had to do everything for me. She had these awful blisters on her back. I dont want shingles when im your age. Actually, if youre 50 or older, youre at increased risk thats life, nothing you can do. Uh, shingles can be prevented. Shingles can be whaaaat . Prevented. You can get vaccinated. Where . At your pharmacy, your doctors hold on dont want to go through that 50 years or older . Get vaccinated for shingles. Now. 50 years or older . Staying on top of your game takes a plan. Thats why at aetna, we take a total, connected approach to your health and wellness with Medicare Advantage plans designed to surround you with the care you need every day. Aetna Medicare Advantage plans. Wannits timeight and for aerotrainer. A more effective total body fitness solution. announcer aerotrainers ergodynamic design and four patented air chambers create maximum muscle activation for better results in less time. It allows for over 20 exercises. Do the aerotrainer super crunch, push ups, aero squat. It inflates in 30 seconds. Aerotrainer is tested to support over 500 pounds. Lose weight, look great, and be healthy. Go to aerotrainer. Com. Thats aero trainer. Com. Stuart same story as yesterday. Stock market rally with all that green education secretary betsy devos, the latest beneficial to resign and we have a report about pompeo and stephen newton, senior officials discussing using the 25th amendment to get rid of the present before he leaves office. Would we have on this, ashley . Ashley there are reports that the secretary of state mike pompeo and Steven Mnuchin have those discussions about invoking the 25th amendment, removing donald trump from office, but according to these reports they ultimately decided against it here and it could incite more violence and also felt it would take too long for the president to be put into place and decided it was not the way forward for our country. The list of Trump Administration officials were quitting is growing and as you said that includes education secretary that seem devos and also transportation secretary elaine chao, wife of Senate Majority leader mitch mcconnell. Also on the list the first ladys chief of staff and mick mulvaney, the former budget director of the white house and current envoy to northern all ireland who quit and said i cant say. Stuart will instability within the administration. Thank you. We have seen the shocking images of damage done to the Capital Building, but the obvious question, look at that, who pays for this. Do you have an answer, lauren . Lauren us, reuters says taxpayers are on the hook because the Capital Building is not insured and in fact federal agencies rarely carry insurance, so we are on the hook for the repairs, just how much for the broken furniture and windows, the doors, the cleanup is unknown. The Capital Buildings host or, two years old, stuart. Stuart i have been there and its now ms. Thank you. Want to bring in tax guy, grover norquist. I want to get right at this. You may disagree. I dont think joe biden will vote for massive tax increases on day one i dont think the narrowly divided congress will let him go to the extremes the socialists want, but i do think he could repeal some to the joy of new york, new jersey, illinois and california. Thats my opening statement. Go at it. Its a question of whether you believe what he said during the campaign, repeatedly he said he would repeal the entire republican taxcut meaning taking corporate rates from 21 , which is competitive in the world, of to 35 , which is not competitive and sometime his staff says 28 , still higher than china, higher than germany, britain, canada , higher than most other countries, so he has said he intends to raise the Corporate Income tax. His treasury secretary wants an energy tax to raise the cost of gasoline or home heating fuel by about 20 . There are a series of tax increases he has promised and also promised 11 trillion in additional spending over the next decade, so we have to take that money from someone one way or the other, 11 trillion over 10 years, massively higher spending increase than obama stuart wait a second, i know he said all of this, grover. Are you calling him a liar, hes the president. Stuart dont catch me with that one, im not saying that. And saying he has to adjust to the new clinical reality, 50 50 split in the senate and you think you will get massive tax increases through on day or month one . You think that joe mansion would allow that kind of tax increase . I mean, really . The only have to lose one vote in the senate and you dont have a tax increase. This is true. The challenge is whether its when has mansion ever been the one vote to stop something. I am not aware of that and have asked people if they can find that and no one has been able to find if either of them could do that and when they were in a position, they gave into the left wing mob in the senate. Mind you stuart i want you to address stocks, i mean, if one thing is manna from heaven for the governors of new york, new jersey, illinois and california it is the abolition, the repeal of salt. That would be a huge gift to all those wealthy democratic donors. I am sure hes going to do that. He may do that. Heres the challenge, before georgia and the republicans before trump lost majority election, and we lost control of the senate because we focus on everything except control of the senate and the Georgia Election , biden looked at it and said there will be 52 republicans come i cant get tax increase. Now the doors open and going with reconciliation, which only requires 50 votes, doesnt even require 51. He can do anything he wants. Originally, there was possibly no tax increase at all if the republicans held the senate and now the doors wide open. He has talked about and his advisers said he wants Capital Gains tax into the same amount as ordinary income is taxed, basically 40 plus at the top end and wants to if you inherit a house or business, he wants to tax the capital gain of the last 10, 20, 50 years. And then when you sell the business or the firm, but now these are positions hes taken so whether he imposes them now or later, we could end up with a very bad situation. I would love to have him decide that he was wrong in opposing the tax cuts, which gave stuart look or say hes not going to go forward with the repeal. That would be helpful for the economy in the market seems to think you may be right. Stuart exactly. All right, grover. There is a first time for everything. [laughter] stuart fifteen love, grover. You got me. We will talk again soon. Banks. We are going up for the opening bell. Just like yesterday and like i said political turmoil, all hell breaking loose and the market goes up. Back after this. Stuart stocks are at record highs, but we had three big banks issuing warnings. What are they saying . Lauren they came in the past few days with the latest bank of america. The chief investment strategist continues to raise the red flag saying sell equities, so the vaccine. Hes warning of a bubble in a stocks and other assets and gives these three examples and a few others as well, but i focus on these three, over the past two months looking at bitcoin up 180 . 180 in two months. Regional banks up more than 40 and the words he used in his note were strong, frothy conditions, reproduced positioning and desperate policymakers describing eight toxic brew of conditions that could hit stocks this quarter, so there is that and then you have citigroup that cut the rating on us stocks to neutral, and they are to access offensive with better prices in the uk. Finally, Goldman Sachs ceo told paxinos to be cautious. Stock prices are running away from reality, stuart. Stuart there is a warning for you. We have 15 seconds to go we are still looking for green despite warnings from some bankers we are looking for green at the opening bell. Looking at the dow jones which i believe will be above 31000. We are off and running. 31100 is where we are in the dow jones, up another 90 points as we speak. S p, just hit another alltime high. 3800 on the s p. Show me the nasdaq because that has also just opened at another alltime high, 13100. Stock of the morning not bitcoin, no stock of the morning i think is tesla, surging again. Why are to stock of the year, dont you think. Susan model by, cheaper version , but with a huge rally of tesla it was bigger than face point at one point yesterday, worlds fifthlargest company, incredible. Propelled elon musk as the worlds richest overtaking jeff bezos and we know tesla has dominated the Chinese Market this year. Getting praise from the Chinese Foreign minister last night. In an interview this week elon musk hailing china is more responsible than the us and he said he had a positive experience talking to Chinese Government officials and a said they could be possibly more responsible to their people happiness than the us. Stuart that is a plus for the stock when the Chinese Government says you are just great, elon musk, i mean, thats good for tesla stock. I bet hes worth close to my 200 billion now. Susan yeah, still counting. Stuart tell me about neo, chinese electric car company up at another 6 c23 factors here and the reason is a new battery that competes with tesla and a new sedan model. They only make suvs right now and when you break out of a certain range that means the stock usually carries momentum up lower upward. Stuart how about micron. They are up 6 . Well they had an earlier report i think the yesterday, lauren. Lauren it was better than anyone that with revenue rising 12 , but they guided higher for the next quarter and thats what wall street folks want to hear. Why is it doing so well . They are leading in chips designed for new tech 5g and the cloud, still more demand than supply, so stock is up again today, but yesterday it hit its best levels since the year 2000, so we are pushing towards alltime high. Stuart eightythree this morning on micron. Think you. Talk to me about the vaccine makers. They are moving up again is there some kind of news propelling this, ashley . Ashley on a couple of fronts, first modernas axing got the green light for emergency use by uk regulators, the first shot to beat third shot to be used in the uk and the second uses an approach generating an immune response and meanwhile the vaccine from pfizer appears to be effective against the two very variants seen in the uk in south africa. Researchers carried out lab tests on the variance and say the vaccine was affected in both cases. In fact, pfizer says it has tested 16 different mutations and they said none had any Significant Impact on how the vaccine worked. Stuart we could have good news on the pandemic because a lot of people have had it so they are immune and a lot of people are getting vaccinated. Spring is coming. May be we will get a grip on this thing by the spring. Good news for the market and the vaccine people thank you. The violent riots over the summer lasted four months or do you remember the medias take on that . Watch this. I went to be clear and how i characterize this, mostly a protest. It is not generally speaking unruly. You dont have to like it, but why not focus on remembering the reason for the pain that fuels their purpose. Stuart you got a guy standing in front of a burning building saying its peaceful. Amazing. I think theres a danger in america right now because it looks like we are becoming a one opinion society. More on that at the top of the 10 00 oclock hour and up next sandra smith and fox news joins us. Metastatic Breast Cancer is relentless, but im relentless every day. And having more days is possible with verzenio, proven to help you live significantly longer when taken with fulvestrant. Verzenio fulvestrant is for women with hr , her2 metastatic Breast Cancer that has progressed after hormone therapy. Diarrhea is common, may be severe, or cause dehydration or infection. At the first sign, call your doctor, start an antidiarrheal, and drink fluids. Before taking verzenio, tell your doctor about any fever, chills, or other signs of infection. Verzenio may cause low white blood cell counts, which may cause serious infection that can lead to death. Lifethreatening lung inflammation can occur. Tell your doctor about any new or worsening trouble breathing, cough, or chest pain. 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Dow jones average of 84. Record high for the s p, record for the nasdaq and the russell 2000, record highs across the board. Show me big tent, they had a nice bounce back yesterday. Facebook is down 1 . Microsoft, apple alphabet, all on the upside especially apple with a nice gain 131 on that indicator. You have a lot of green on the stock market this morning despite whats happening within the administration and within congress. Its a friday morning rally. Now, good morning. Stuart good morning, sandra or cow are you doing . Very well. We were talking to our audience about record gains in the stock market with new record the dow jones, s p and nasdaq yesterday, the first record closes other 2021 with the democrats taking control and people wonder if their taxes will go up. Stuart im not going to say if the taxes go up or not, but i will try to explain why we have a stock market rally in the face of the democrat takeover of congress and turmoil within the administration and writes on capitol hill. That answer is simple, the market is going up the toys that economy will be flooded with a gusher of money this year. You will get a Massive Stimulus Program out of congress. They will spend trillions on all sides of things, but they will push out the money bigtime and at the same time the Federal Reserve will continue to print trillions of dollars. You add it all up and its amount of money is coming right down the pike and some of it, in fact quite a lot of it will find its way to wall street and that is the big reason why stock prices are going up to record highs despite turmoil in the background and despite the political change in washington, sandra. Remember doubt 20000 and one to be you feel that wasnt in 25 thousand and now its firmly above 30000 and above 31000, really something to watch. We have new numbers on the economy out seeing the job loss in december , the First Time Since april, as we continue to see virus spike across the country, what do we see in terms of jobs recovery and how hard hit the economy really is still as result of the pandemic . Stuart recovering jobs as a stalled. We dropped 140,000 jobs and more to the point, if you look at the restaurant and bar industry, the food service industry, they lost 498,000 jobs, thats the norms loss of jobs and you can put it down to continuing lockdowns in the big population estates, california, new york, new jersey, illinois with a lot of lockdowns going on there especially in the restaurant and bar business. Thats why you had this surge in job losses in that particular sector of the economy, but again this wall of money thats coming up wall street and up the economy will to some degree take care that and that explains the market rally. Stuart, with the 40 seconds we have left, you have democrats can taking control of the senate, Incoming Democratic administration, we just went through this attack on the capital, all of this uncertainty, why does the market continue to go up like it does . Its a tough question to answer. Stuart i will try. I think the division in congress is so narrow with a 50 50 split the senate that extremes will not go through. The socialists will really make a lot of noise. They want to tax the rich and tax it business green new deal, but you cant go to those extremes within narrowly divided congress appeared the moderates will win. The mansions of this world, they will be much more powerful in the future and i think they will stop any huge tax increases, which would damage the economy. Its a really important point. Stuart, always good to have you on. Thank you. Stuart thanks, sandra. We are back and look at that, thats shocking high up one and half percent. They are joining big tech in censoring the president. They shut down websites associated with the donald trump. I got that right, Ashley Ashley you do. Following the turmoil at the us capitol, shop if i closed to Online Stores tied to President Trump including those run by the Trump Organization in the trump campaign. The company says the sites violated policy prohibiting the support of organizations where people that quote threat nor condone violence to further a cause, users who go to sites like trump store. Com. Or shop donald j trump. Com. Will find a message that says its unavailable but the New York Times pointed out other trump sites are still operating, but those are also expected to be shut down, stu. Stuart that is censorship and i dont like it. Thanks. President trump has a lot to say after wednesdays episode. Watch this. A new administration will be inaugurated january 20. My focus turns to ensuring a smooth, orderly and seamless transition of power. Stuart we hear the president , however look at this. A huge important editorial from the wall street journal quote the best outcome would be for him, the president , to resign to spare the us and other impeachment fight. Strong words and we will discuss them coming up. phone rings hey, kaleb, whats up . How you doing . Hey, im good. Guess what. I just had my 13th surgery. [alec] really . How are you doing . Im doing good. Im encouraged by seeing how people are coming together to help each other during times like these. 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How about 100 pounds . You can. woman its easy, and it will change your life. announcer go to golo. Com. Thats golo. Com. Stuart i think we had time to pack in the news about some bigtime movers. Would you have . Susan roku hitting a record high because they are buying the catalog and some of the content in the short term video. It has been rumored emma but its now official. Uber, lets look at the right hailing, down some 4 with talk about big block trade to sell out of it so thats a bit bearish. Apple up over 1 , we were up over 1 , but theres talk about the electric car and that will not come for another five years. Stuart apple is still at 130. Now, the news this morning from the Labor Department was this, 140,000 jobs lost in the month of december. Peter morici joins us. Hes an economist. Peter, i say that job loss and the 498,000 jobs lost in the restaurant and bar business is entirely or almost entirely the result of the lockdowns. What to say you . I agree, without the lockdowns, it would be about 300,000 jobs and certainly a slowing in the job market indicating a tough winter because of covid, but nothing that is not insurmountable. Profits up 45 in the Second Quarter yearoveryear, thats whats driving the market with the market priced in a spring recovery and looking six months forward. It is a by. Stuart hold on a second, i told viewers on fox news that the primary reason for this big rally in a stock is that a mountain of money, a gusher will be hitting wall street and hitting the economy. Is that out point worth making . Yes. One reason we will have this big recovery in the second and third quarters is that gusher that will support consumer spending, stock buying and so forth, but increase consumer spending, you know a positive situation for manufacturers for the service sector. We will have a very nice recovery Quarters Number two, three and four with the Market Pricing that in. These arent inconsistent statements. Stuart by the spring, there could be more pretty good news and by that time between a quarter and a third of americas population will probably have had covid and therefore immune to it. May be 10, 15, maybe 20 vaccinated and you have the spring and the weather, which should stop any serious expansion of the virus. That could be good news come the spring for the job at market and overall economy. I agree with you. I think we will have a nice recovery. Of the important thing is that about 10 of the economy isnt coming back. Those Airline Pilots that lost their jobs because Business Travel will be 35 down from before the pandemic. The Small Businesses that will permanently close because people will go to manhattan three times a week instead of five, those people need to be retrained and relocated. Unfortunately, in the wake of what happened yesterday, all i can see is our new president trying to fan the flames. One reason yesterday happened is the mayor of the city of washington asked the federal authorities to keep Police Protection light and so they abided her and thats why the place was overrun. Thats why the situation was the way it was. It was another example of democratic mayor not liking the police. Stuart do you think the administration if i say falling to pieces, thats an exaggeration obviously, but that administration with 12 days to go is in deep deep trouble in the Republican Party is divided . Do you see that as a problem for the economy and the markets . No, because its only 13 days to pick the best thing to happen would be for donald trump to heed the wall street journal and resign and disappear. People have been asking me, will donald trump be any longer the leader of the Republican Party. He should not be after what he did to georgia, but how can you not acknowledge him that he could turn around and enter a primary and win in three years after yesterday that may not be possible. The republicans should think about if the house all of a sudden past articles of impeachment today or tomorrow, vote to impeach him may be a good thing, but it might finish them off for good. Donald trump is a force in American Life and he cant really do as much good anymore and its time for new leadership in the Republican Party. The market is doing so well because there are only 13 days to go. Stuart quick point, i think the market will do well in the first months of the Biden Administration because he will not push through gigantic tax increases. What say you . Well, these last four years, the two edges of the two parties have been running things and not much has gone done. Aoc has been getting outside attention for woman whos never published anything other than knock off a democratic incumbent in a primary. Now that attention will be, as you pointed out on mansion and murkowski and collins and tester because that is where the future is in getting something done. I dont see biden is really being true blue leftwing, knowing him over the last 30 years. He has been saying this a step because it will get him ahead and now he is there and he doesnt have to say it anymore. I dont know that he will be for massive tax increases. Thats the key. If he goes after the Capital Gains tax you might as well take a canning and shooting through the hightech sector because its based on startups that sell themselves an ipo and then you repeat your benefits not having Capital Gains heavily taxed and thats how we subsidize r d in america if he raises the Capital Gains tax, hes basically putting a hole in hightech. Stuart yes, he is. Peter, im out of time to thank you for being with us and glad you could spare some time with us as opposed to the bbc. I appreciate that. For one brief shining moment, Stuart Varney will go old school. Would you buy a stock of a tire company . I asked because goodyear is up five and a half percent and ashley will tell us why. Ashley keybank raising goodyear to a price target of 14, but the stock is down 26 over the last 52 weeks. You dont think a good year in 20 but the pandemic has more people home and they are doing less driving so theres been less need for new tires, but that could change soon. Stuart thank you. Oldest school is fun. Still ahead, tammy bruce, steve cortez, Charles Payne, steve helton all coming up for you. When youre through with powering through, its time for theraflu hot liquid medicine. Powerful relief so you can restore and recover. Theraflu hot beats cold. To listen, is to hear more than whats being said. And offer the answers that make someone feel truly heard. I understand, lets get started call a Dell Technologies advisor today. I understand, lets get started robiwithout the Commission Fees and account minimums. So, you can start investing today, wherever you are even on the bus. Download now and get your first stock on us. Robinhood. Straight strutting, yeah, we do it like that. Stuart this is how we do. Katy perry, all right. Rather like it, its kind of upbeat. 10 00 precisely here in new york city. Were just with getting started. Let me tell you what weve got for you, steve cortes, vernon jones, ed renzi, next hour. Charles partnership, sean duffy all coming up. Meanwhile, the market, yes, this friday morning continues, its a record run. The nasdaq, the s p 500, the russell 2000, all of them hitting record highs. The dow is up 34, its at the 31,000 level. Now this. Its been obvious for years that much of the media hates, truly hates donald trump. Now theyre trying to cancel him, ban him, deny him free speech. Facebook, or instagram and twitter have shut him down. Facebook and instagram maybe indefinitely. Okay, twitters reopened, but who knows what theyll do in the future. This is incredible. Social media has silenced the president of the United States because they say he provoked the d. C. Riot. Since when has it been okay for a couple of very wealthy young men to dictate what we may see and what we may hear from our own president . I think theyre doing it because they want to get cozy with the incoming Biden Administration, pandering to the new power, hoping for soft touch regulation. As for the mainstream media, theyve hated trump since the day he ran for office, and now theyre falling all over themselves to outdo each other. Tom friedman at the New York Times wants shareholders of i any company which ghei money to the president gave money to the president to sue. Imagine that. Retroactive political vengeance. Senator josh hawley has had his book contract terminated by simon schuster. Hawley led the debate on whether or not to certify the election results. Oh, you cant do that. No book for you. And talk about hypocrisy, cnn tweeted about the d. C. Riot, a journals job, he says, quoting now, is to bear witness and tell the truth. Trump is attempting a coup and inciting violation. This is the man who stood in front of a burning building and said this summers riots were peaceful. The danger here is that were becoming a one opinion society. Youre only allowed to say what the leftist media and the selfserving social media want you to say. And that is a real threat to democracy. All right. Thats my take. Now listen to how the media covered the riots and protests back in may. Watch this again. That aint a riot, what were seeing right now in minneapolis. What were seeing right there is frustration do not get it twisted and think this is, okay, something that is not, never happened before and this is so terrible. City council, not a mob [inaudible] what they do. [inaudible] thats a myth. Show me where it says that protests are supposed to be polite and peaceful. Theyre not going to let up and they should not. Mostly protests. It is not, it is not, generally speaking, unruly. But fires have been started. [laughter] stuart that is hilarious. Its not really unruly as the burning building is in the background there. That lady on the righthand side of the screen tammy bruce. Have at it, tammy. I think weve become a society where only a single point of view is allowed. What say you . Well, thats what they would like you to think, thats what they hope they can enforce. But we do know that donald trump had 75 million voters, of course, 12 million more, i believe, in 2020 than in 2016. This is also not regardless of who you voted for really not the american sensibility. So youre going after forget about political divisions here, but the sense of what we wake up to every day in our lives. Pandemic, job losses, an economy thousand in the hands of now in the hands of someone who, when Vice President , the administration explained about economy and loss of jobs by saying, well, you know, whos got a magic wand. You know, they dont have magic wands, and now theyre not going to have donald trump. So the difference is that the American People are looking at this in a reasonable fashion. Oh, theres certainly, stu, as youve seen people in the media and otherwise who want to give you the impression that this is all over, and youre going to be punished. But this is an opportunity for us to learn about really when stripped away, the nature of these individuals, the willing areness to move through willingness to move through literally a totalitarian framework and that to threaten businesses, to threaten americans. None of us are in a position now where thats healthy. Certainly its not healthy for business, and i think cooler heads who are not in this madness are going to say were not going to start engaging in that because why would we want to be at war with half of the country . Its nonsense. Stuart yeah, i understand that, but i think the level of hatred and derision is so strong theyll never get it out of their system. They will pursue they wont. I agree. But then that its almost inevitable because of what he ran against and what the point was, proving that in 2016. The American People were right. You cant have that kind of an attitude, be running your lives. Weve seen what its done to california and to new york. Weve seen what its doing to great cities like detroit and chicago. So we cant have that run things. Yes, of course its going to be a fight, but this is when our values and what matters to us matters the most of being able to stand up. Donald trump will remain and this is why theyre scrambling right now to really try to crush him. They know he will remain the most influential person whos not in office in this country, if not the world. What donald trump decides to do is going to i affect this. And he said in his speech last night, you know, were still working on this, right . Our journey is only beginning. And that probably frightens them because the American People like what he accomplished. Business liked what he accomplished. And thats something that, of course, were never going to forget, and he is going to he loves the country. Its why he does what he does. And hes going to continue in some fashion. And thats what theyre frightened of. Stuart got it. Tammy, very interesting opinion, and we appreciate it. Tammy bruce, everyone. Good stuff. Thank you, sir. Stuart the market continues to rally, look at this. Okay, were just up 22 points for the dow, but thats 31,000. Youve got a new record high for the s p and the nasdaq, nasdaq up 116. Market guy David Nicklaus joins us now. I know that youre looking at ways to make money with the blue wave in congress, and i know that you like clean energy, i think solar stocks, electric car makers. Okay, i understand all of that. But isnt it too late . It had a fantastic run already. Yeah, stuart, thats a great pointment but, you know, with a new administration, that almost all but guarantees theres going to be more stimulus. Interest rates are going to be rising, i think that bodes well for financials. But youre right, the big names, i like looking under the surface. Financials should do well, regional banks like truist, broad exposure. But, no, i dont think some of these names are done. If you look at tesla, obviously its had a big run, but we own an electric car maker called nio. I still think theres some upside there. They just came out with a sedan that makes great use of the battery storage. Those are some names that really are have not rallied, acm, i think we could see an infrastructure bill with the new administration. But, stuart, youre right, you called it. You said last year the markets are rallying because of stimulus. I think thats exactly what were seeing. I think the longterm issues with that, but short term i think the market is going to continue to do well with cheap and easy money and the Printing Press ready to go. Stuart ive got to ask you about bitcoin. I dont know whether youre in it, out of it, but it just crossed 41,000 no, it crossed 42,000. Its up close to 3,000 today. Thats 7 . Whats your reaction to that this. I think theres two types of people with bitcoin, those that own it and those who really dont understand it but are thinking about buying it. Theres only 21 million bitcoins, thats it. So i think with continued printing, were seeing more demand for it. Theres a supply shock. Institutions are buying, more individuals are buying, i realize those that own bitcoin, theyre just not selling. They dont want to get rid of their bitcoin, you have more buyers coming in, so jonathan said bitcoin could hit 100,000. That may sound crazy, but as more investors come in and those that own it arent selling it, we could see prices surge this year. Stuart it has. I mean, we could see prices surge this year, good lord, man, its up 42,000 now. Are you in it . Stuart, when i was on a couple of weeks agoing, it was 40 less than here. We have our clients in it, but i personally am not in it myself. Stuart dont you get worried when something goes up 40 in a week . I agree, but look, were printing money, 2 and 3 trillion in stimulus, theres a limited supply, its a classic supply and demand. To me, thats why were going to continue seeing the price supportedded. Stuart thinkish buy it . [laughter] small percentage, i think as long as your risk tolerance is there, youre okay with volatility, it might not be bad to consider. Tour stuart at my age, berriesing averse up like you youngsters, david. [laughter] yeah. Might want to be easy with it. Stuart okay. Were out of time, david, but thanks for being with us. David nicholas, see you again soon. Now then, another of those forecasts from a big company with a big name that were going up on the s p. All right, lauren, whos saying it, and how much are we going to go up . I think david read this report this morning. Its credit suisse, and the s p 500 goes up 10 to 4200 at the end of the year. Why . Vaccines, thats the catalyst that reopens the economy, and the democratic regime means more stimulus that, quote, further fans the flames of pentup demand. Okay, so where does that pentup demand come from . Consumers who are saving money, right . And businesses that will be flush with cash so they can rehire staff. And, by the way, the ppp program reopens on monday. More cash coming in. So, yeah, i gave you three warnings last hour about overbought conditions and being cautious. Others say come on in, still room to move even though valuations are high. Room to go higher. Stuart its rather confusing, isnt it . [laughter] it is. Stuart hard to know where to stand, but youre looking at a market rally this morning except for the dow which is now down a fraction. I think its a consensus up market. Virtually every wall street analyst says were going to make at least 4,000 on the s p. Some are more bullish, Goldman Sachs is predicting 4300. Stuart youre right, its universal. Big names on wall street think were going up. Oneway direction. Stuart tell me about microsoft and invidia. Theyre looking at the cloud, and oppenheimer says microsoft will do even better than amazon web services. Youre going to like that. I know you look at microsoft each and every day. So invidia is also going to benefit from the cloud, because theyre the chipmaker of choice. Also theyre benefiting from the bitcoin boom. They make those chips that you need in order to mine bitcoin. Chipotle is a restaurant outperformer, so heres another stock we can bring up, some chipotle for you. Some of the expensive guac, and bank of america says jetblue is now a buy. Stuart we didnt get it on the screen, but chipotle is approaching 1600. I think you bought it at the e. Coli bottom. Stuart i remember that. More than that, i think. It was way down. That was many years ago. Yeah. Three years ago . Stuart long time for me. [laughter] the effort to recall gavin newsom has hit a milestone. But if it hits the ballot, could we see a republican as the next governor of california . We shall discuss. Joe biden accused of stoking division with his comments of a which group of Protesters Police officers treat worse. Youre going to aeroexactly what he had to say. First though, big tech accused of bias for censoring the president indefinitely. Stay there, the second hour of varney just getting started. Many. All around the watch tower. Pay off my student loan debt. They were able to give me a personal loan so i could pay off all of my credit cards. I got my mortgage through sofi and the whole process was so easy. Express yourself express yourself thats why i get up in the morning i have a secret method for remembering all my hr passwords. My boss doesnt remember approving my time off. Lets just. Find that email. The old way of doing business slows everyone down. With paycom, employees enter and manage their own hr data in one easytouse software. Visit paycom. Com for a free demo. So youre a small bor 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 the rally holds. Dows up 17, nasdaqs up 117. How about that . And the s p up about a half percent. The thats a really. Social media facing more accusations of bias. Go through the story, susan. Okay. So we have facebook down today, by the way, down 1. 5 . Mark zuckerberg said they are extending the block over President Trump to his account indefinitely until at least after his term ends, who knows if well see him back up and running. Twitter has now unlocked President Trumps account, but other Companies Like snapchat, shopify, twitch have all locked or terminated trumps accounts during the last 24 hours or so, so thats a big audience that he lost during that time. Facebook has over a billion visiting each and every day, and he probably though has the most impact when it comes to twitter, accounting for half of its daily active users given his 38 million followers 88 million followers. There are complaints that you dont censor sor lock other belligerent leaders, so youre taking this extra step with President Trump. Is that fair . Is that considered bias . There are those conversations. Also market wise with i read a few reports today saying maybe its time to short twitter because what happens when President Trump leaves office . Are you going to have that sort of following and influence every day . Stuart i dont know, but they are censoring him. Theyre censoring points of view, opinion. I dont think its right. I wonder if steve cortes will agree with me. Hes a member of the trump team, and he joins us now. To me, this is flat out censorship, and i dont care that they are private companies and they can do what they like. I dont care. They run a monopoly, and theyre censoring what i can see and read, and i dont like it, and im sure you dont either. I certainly do not and, look, heres the reality, they may be private companies, but they have effectively become the digital Public Square of the 2020s. So they are not purely private companies in that regard. And heres a situation, we have i think this is a fulcrum moment for our country, for our society because this danger is very present and very real. If the president of the United States can be silenced and suppressed in this manner, then the First Amendment has, unfortunately, been eviscerated, and this is a dangerous time. The answer i would say to the opponents of President Trump, to the oligarchs of big tech, to the democrats out there, if you dont like the ideas of America First, if you dont like the speech of President Trump, the answer is then better ideas, the answer is better speech, more speech, the antidote, the answer is not to silence and suppress the ideas and the speech. That is totally unamerican. And i have to say too, because i think this is important, former First Lady Michelle Obama came out with a statement yesterday, somebody who should know better, by the way. She is a graduate of harvard law school. She came out with a statement yesterday saying that social Media Companies need to permanently deplatform the president of the United States. President trump. That is a shameful and appalling call to arms. It is a call to cent. Sorship from censorship from, again, somebody who should know better. She might have been first lady, but she sure doesnt believe in the First Amendment. This is an attack on our basic foundational statements. Stuart i agree, steve. I agree. Now this. I want to show you im sure you have seen this, opfromed fm the wall street journal. Do you want to take that on . This. Sure. I think theyve completely missed the mark here. Theres a concerted earth in Corporate Media right now to try to sully President Trump on the way out. To try to if i can make up a word, detoxify him on the way out. Its largely because this term has been so successful. Whatever you think of the president and his tactics and at times his volatile personality the, he has been an enormously successful chief executive in the executive branch of the United States government, and his record will stand on its merits for all of history. But unfortunately, the wall street journal has joined with others in the legacy media platforms to try to sully his image on the way out and to try to tarnish him. Its more important than just trump really. I think what theyre really going after, because the wall street journal, lets face it, does the bidding of the globalist elites, and they are trying to tarnish not just trump, but the entire economic nationalist movement, the entire America First agenda. So it wont work, but its reprehensible that theyre even trying. Stuart i think there is, to some degree, success here. I think President Trump has been tarnished, and i think that will continue for years to come. So my question is, if he cannot leave lead the Republican Party, and im not suggesting that he cant, but if he cannot, whos the next gop leader . Well, you know, stuart, i would suggest that President Trump has been tarnished in the eyes of ruling class elites. That is sure. You know, in corporate boardrooms, new york newsrooms, the faculty lounges of universities, yes. Whatever support he had in those institutions has been tarnished. But has his image been tarnished among working class americans . I dont think so. As a matter of fact, i believe the speech he gave on the mall this week in washington, d. C. Was an exhilarating exhortation to patriotic americans. He didnt call for violence. Hes never advocated violence, and he certainly condemned the violence after the fact. So i dont believe that he has lost his support. I dont believe the America First agenda has lost support among working class americans although i will concede it certainly has among ruling class elites. Going forward, to answer your question, i think donald trump is certainly still the indispensable leader of the America First movement, but it preceded him, hed be the first to admit that. Its larger than just donald trump. The one i would identify as, to me, the most promising Young Political executive is ron desantis. I think hes done a magnificent job of managing florida, both the economy, the virus. I think hes certainly a rising star within our movement. Stuart steve cortes, thanks for being with us this morning. The debate goes on. Thank you. Stuart all right. Shopify, its up over 1 . They are closing web sites linked to trump. To me, thats another form of censorship. Lauren, weigh in. If you go to trump store. Com or shop donald j. Trump, they dont come up. They wont populate. And those are the Online Stores of both the Trump Organization and the trump campaign. Shopify shut them down. They say the president s comments wednesday before the capitol siege, they violated their companys policy that prohibits the retailers that sell on their platform from supporting violence. Will those stores where you can buy a maga hat, for instance, come back upsome we do not know. But for now, theyve been taken down. Stuart got it. Lauren, thank you very much, indeed. Now listen to what joe biden said about the Police Response to the capitol riots. Watch this. No one can tell me that if it had been a group of black lives matter protesting yesterday there wouldnt have been they wouldnt have been treated very, very differently. Stuart we will ask vernon jones what he thinks about those comments. See on your screen, the r used to be a d. Yep, he switched parties. He went from democrat to republican. Hes on the show next, and im going to ask him why he did that. Sir, it seems like the Democrat Party has walked away from you. Why dont you change parties . Well, clearly, i didnt leave the party, the party left me. Yeah, yeah, yeah, yeah. Oh, here we go, feel it in my bones. My body is truly powerful. I have the power to lower my a1c. Because my body can still make its own insulin. And trulicity activates my body to release it, lowering my blood sugar from the first dose. Onceweekly trulicity responds when my body needs it, 24 7. Trulicity is for type 2 diabetes. Its not insulin. It isnt for people with type 1 diabetes. Dont take trulicity if youre allergic to it, you or your family have medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2. Stop trulicity and call your doctor right away if you have an allergic reaction, a lump or swelling in your neck, severe stomach pain, changes in vision, or diabetic retinopathy. Serious side effects may include pancreatitis. Taking trulicity with sulfonylurea or insulin raises low blood sugar risk. Side effects include indigestion, fatigue, belly pain, decreased appetite, nausea, diarrhea, and vomiting which can lead to dehydration and may worsen kidney problems. I have it within me to lower my a1c. Ask your doctor about trulicity. Stuart we are told that 600 stimulus debit cards are on the way. So the big question, ashley, is when will people receive them . Do you know . Well, very soon, hows that . Suitably vague . About 8 million prepaid debit cards will be sent out by the treasury department, and that process is already underway. So some of them could be coming towards you right now. The debit cards, theyre issued by metabank, will arrive in a white envelope that prominently displays the u. S. Department of the treasury seal. Apparently many people well, a number of people threw those cards away during the first round of stimulus checks because they were not expecting them. Straight in the bin. Oops. Millions of paper checks, by the way, also being delivered, and the irs still depositing payments via direct deposit. The agency has until january 15th to get all of these payments out, but dont throw them away. Thats the message. Stuart i believe its throwing them in the trash in america as opposed to throwing them in the bin, but hey, lets not quibble about these things, okay . Come on. Everyone knows what a bin is. Stuart they do. Im sure they do. All right, ash, thank you. Now, the last time that vernon jones was on this show, i asked him why he didnt just walk away from his party which then was the democrats. Listen to this. Sir, it seems like the Democrat Party has walked away from you. Why dont you change parties . Look, clearly, i didnt leave the party, the party left me. I just dont want to change who i am based on my principles, my values. I call balls and strikes. I dont believe in this partisan bickering. I believe in working together. Stuart well, vernon jones joins us now, this time as a republican. You officially switched just before the losses in georgia and the chaos on capitol hill. Do you regret the decision . No, i dont want. And ill tell no, i dont, and ill tell you why, the Democratic Party does not believe in the constitution. They pick and choose. The Republican Party supports the constitution in its entirety. And my values and my principles and the things that i believe in are no longer in the Democratic Party. The Democratic Party used to not be that way when i started, but now they are against freedom of speech. Youre hearing about censorship. They support censorship. They support socialism. I cannot embrace and support that. I identify more with the principles and the values of the Republican Party. Not that the Republican Partys perfect, not that i wouldnt have some disagreement, but there are not a singlethought party. In the Democrat Party if youre africanamerican or anybody with conservative leanings or you have your own independent thoughts, they dont want you in the party. I dont see that reflected in the Republican Party. They welcome people with different mindsets, different thoughts and different beliefs, but at the core we all believe on the constitution. Stuart yes, sir, we do. You are now a republican, and i want you to listen again to joe bidens comments on the capitol riots. Roll tape, please. No one can tell me that if it had been a group of black lives matter protesting yesterday there wouldnt have been, they wouldnt have been treated very, very differently than the mob of thugs that stormed the capitol. We all know thats true. Stuart we all know thats true. Black lives matter demonstrators had been on capitol hill, theyd be treated differently. What is your reaction to that. Well, first of all, no violence is tolerated. I am theres zero room for violence, let me be clear about that. It is interesting when people say what couldavaveapdd rsusversidusveid it i hn. N. Ntnd stoto me mhoese those ttame ntat couldld have haveavavappe s. N thi t. Hi it cell tl this, i w beavbe jthat jat bid wld w houe ju asorfuorfualliut tifandfalandfafa liv liv mte whheenener wer b bngurng budibungilbungilrash cg ger gnmn thdic stationtaon poanlid ceanarar a att akittng i policepo oic os. Ic ev heardimrdrdrd c c c t s. Ugs. Evii heardeardimaliml call cl to in this mhine suldul he. Stike ikey freere ecinoohatha tyy do becauec jo bid bidnd bid b t t t demrata m. Y supyportsss tm. In, burni b dnnn binse inudla businesses, its just and people were actually killed, even children, with the violent protests from antifa and black lives matter. Stuart do you support President Trump or donald trump after january the 20th as the leader of the Republican Party . Well, you cannot ignore that President Trump had 74 Million People that voted for him. You cannot deny his record of accomplishments in terms of helping our veterans, supporting law enforcement, fighting socialism, helping historic black colleges, the first step act, what hes done with building the wall, standing up to Foreign Countries and making sure they pay their fair share. You cannot with the tax cut, how it created more jobs for africanamericans going back to slavery. And how he helped Small Businesses across the board, the economy. Prior to the pandemic, this economy was on steroids. You cant deny those things. You cannot deny that people do not support and believe in those things. Stuart got it. Vernon jones, see you again soon. Thank you. Stuart the mayor of portland, ted wheeler, cornered by protesters whilst he was dining out. Weve got the full video, youll see it. In california one in five unemployment lames now comes from the formerly golden state, and that number may actually rise as the lockdowns continue. What a story. Poor old california. Well be back. Robinhood believes now is the time to do money. Without the Commission Fees so you can start investing today, wherever you are even hanging with your dog. So, what are you waiting for . Download now and get your first stock on us. Robinhood. Stuart interest about apple and electr, reportedly theyre in talks with a big automaker. Skyrocketing 19 overnight after first confirming it is in early talks with apple to build their electric selfdriving car. Stuart now theyre up 27 . Even after they walked it back, im sure they got a call from somebody, okay, actually were a group of carmakers that might be talking to somebody like apple. [laughter] you know apples very secretive, and they dont like any admissions and, of course, anything in the press. Reporting that the apple i car may not be available for at least another five years. Its a big undertaking, right . With the Technical Expertise like apple, webbush, you know, the apple analyst and others say there may be a 4550 chance well get an apple car in the next two years, but thats bearish according to morgan stanley. Stuart apples going to be very secretive about it. As they should. Stuart thats right. Elon missing getting a real musk getting a real cozy relationship with china where they might put out the new model y or a new version. Thats a pretty Good Relationship to have. Tesla, elon musk, china. All of it. Also the model y, a cheaper, longer range model y, doesnt that sound great . Thats enticing for a lot of consumers. The stock is up over 700 , we know that, and china is a big reason because teslas now dominating the Chinese Market in less than a years time and getting praise if, by the way, from the Chinese Foreign minister after elon musk first praised beijing himself. He hailed china as a more responsible economy country than the u. S. Stuart its a mutual admiration society. Look on the screen, its up 54, 780 a share. Musk now has to be worth 200 billion. Hes close to it because he overtook jeff bezos yesterday as the worlds richest. At last check this morning he was worth 195 billion stuart but that was before it went up 50. I was just saying youre right. Stuart i just like to do the math. I bet hes worth 200 billion as of now. On your screens now, nio, on another run. Its up another 6 . Whats the big deal there . It surged over a thousand percent the past year. Three bullish factors, first, a new Battery Technology to rival tesla. Second, a new sedan from nio. Right now they only make suvs, so is a smaller roadster would be interesting, and finally a breakout in the stock price the past few days. When you break out of a range, thats actually very bullish. Stuart yes, because its got momentum. Now this, the price of going okay. You think that small cars are cheap . Well, they used to be, but theyre not so cheap anymore. Mike caudill is in the madison, tennessee. Tell me more about this, mike. Well, i gotta tell you, well talk about tesla in a minute, stuart, but cheap cars are no longer cheap. And with hundreds of vehicles for consumers to choose from, there are three cars left in the United States that you can get check this out under 15,000. This is the chevy smart model, it starts just about 13,000, and it gets about 30 miles per gallon. This is a 2021 mitsubishi mirage, they get 44 miles per gallon. Thats better than think other gas vehicle on the market nonhybrid, and it starts under 15,000. Of course, youve got this vehicle right here, we talk about the economics. Why are cheap cars no longer cheap . Because consumers have spoken, they want crossover utility vehicles like the 2021 nissan kick, and then, of course, j. D. Powers with their tell you ride, they have said the average price a consumer will pay for a car is 38,000, it starts at 31, the ex model is at 37,000, and this is a range rover spider, stuart. So three great cars and this suv to close it out. Stuart what have you got on tesla . So tesla, right . Tesla wont fall into any of these categories, but its the hottest car on the market. Everyone loves and hates tesla. Everyone wants to drive one. Theyre starting to come down in price, and i think in the next year youre going to see elon doing some incredible things as he starts to build cars now down in austin. Stuart sounds like a commercial for tesla to me, but thank you very much. We hear you loud and clear. Thank you. And then weve got pepsi. They just released a new ad stagger super bowl halftime performer the weekend. Its a person, a guy. Watch this. Stuart thats it. The guy in the car, that is the weekend. Well, thats the new ad. Get this, however, so far only seven brands are confirmed to be advertisers during the super bowl game. Thats different, isnt it . Were on it. We have an update on the Barstool Fund for Small Businesses. Dave portnoy on the show earlier this week when the fund had 18 million in it. Stay there, please, were going to tell you how much is in it now. Well be back. Theres people that have been coming here for years. That was taken away. It was, it would destroy us, and it would destroy the community. So to you and barstool sports, we cant thank you enough. Before discovering nexium 24hr to treat her frequent heartburn, marie could only imagine enjoying freshly squeezed orange juice. Now no fruit is forbidden. Nexium 24hr stops acid before it starts for allday, allnight protection. 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Com to get yours now. Stuart were just getting this, presidt trump just tweeted to all of those who have asked, i will not be going to the inning august ration on january the 20th. Nothing more said, hes not going to be there. All right. The Barstool Fund for Small Businesses, when dave portnoy was on the show a week ago, earlier this week, he had 18 million in the fund. Ashley, how much has he got now . An incredible 20,237,000 and rising. There it is, its remarkable. Hes helped more than 90 businesses. One of those businesses has been given a lifeline, its called the cabbage grill. Its San Franciscos oldest restaurant, been virtually closed since september. The restaurant, by the way, will be getting 31,000 a month to help it stay afloat and pay its employees. But guess what . The San Francisco chronicle had a headline that, you know, covered this story, and it read historic cabbage grill in sf gets lifeline of new funding from controversial barstool sports. Apparently, controversial was a big part of the story. Didnt want to focus on the fact that, you know, dave portnoy and his Fundraising Efforts are saving yet another restaurant. Hes just labeled as controversial. Stuart ive got to say, ashley, that is flat out pathetic, isnt it . It is. Stuart give them a lifeline, 31,000 a month and, oh, its controversial. Yep, pathetic. Stuart i hate it. Thank you, ashley. I want to bring in ed renzi [laughter] im smiling, and youll be smiling soon too, ed. Look, i know youve done kind of a nonscientific survey of Small Business owners. I know youve spoken to a couple of barbershops and nail salon, fine restaurants, what do you come away with after speaking to all those folks . What do they need most . Well, obviously, they need relief from thish is shoes of the pandemic. But its kind of an interesting thing, as chaotic as washington, d. C. May be and as chaotic as our federal government may be, theres a lot of optimism on the street. People have reset their businesses. Its been amazing to me to listen to them talk about how theyve become more efficient, how theyve worked harder to make sure their employees are getting what they need, theyre working hard to make sure their customers are getting good value. Theyre kind of optimistic in a very negative environment. And theyre looking forward to the vaccine, and they think theyre going to come out of this much, much stronger than when they went into it. They dont like the leadership theyre getting out of washington, d. C. , but here in florida they think desantis is doing a great job because its a good balance between keeping the society open and being careful and allowing them to use common sense. I like whats going on. Im more optimistic today than i was five months ago. When i talk to these Small Business people, theyre talking about growth. Theyre talking about when they come out of this, they think theyll be able to do better than they were when they went into it. So its kind of an interesting dichotomy for me, and im excited about it because it gives me optimism for the future. Stuart thats good news. Some optimism, we like to hear that, we really do. Look, youre talking about florida, and michigan i think youve got experience in both, and i think you can compare and contrast. Michigans locked down, floridas not. Compare and contrast, please. Well, you look at illinois, you look at new york, you look at michigan, you look at california and you look at their numbers for the covid infections and death rate, theyre not much different than anybody else is with the severe lockdown. But the issues surrounding mental health, drug addiction, people are putting off going to hospitals because theyre having heart or diabetic problems. Theres no good coming out of this. Theres no optimism. Just suppression of peoples will. You look at the governor of california, hes so hypocritical. You look at the governor of oregon, so hypocritical. Do what i say not what i do. That doesnt bode well. When you look at the Unemployment Rate in michigan, you look at the Unemployment Rate in florida, theres a big difference, you know . Theres five points. 5 difference in the Unemployment Rate, but theres 10 million more people in florida than there is in michigan. So a half a point in michigan means something entirely different than what it does in florida. I think, i think the lockdown has hurt us more than its helped us. Stuart okay. We hear you, and lets hope those lockdowns end. Shall we say by the bring . Ive got some by the springing . Ive got some optimism for that. Ed renzi have a great new year, stuart. Thank you. Stuart i shall. Thank you much. How about this one, wayfair raising its minimum wage. Lauren, how much will their employees be making . 15 an hour at least, and this is for all 16,700 of them. It has already started. Wayfair is also supporting workers through the pan demmingic. Some people get bonuses, perks like free dipper or Free Childcare free dinner. Stuart have you seen that chart . Thats pretty much a steady, consistent gain. Very nice must have. Up 3. 5 today. Thats wayfair. Lauren, thank you. Charles payne if, steve hilton, sean duffy all on tap. Plus, my take on joe bidens tax plan. Hear he many out. I say if he does it right, he could engineer a very strong economy. Youd like that, wouldnt you . Stay there, please, third hour of Varney Company on tap next. We should not allow the events in the acts of a few in date 75 million of our fellow americans. Why would we want to be at war without country . Its nonsense. What donald trump decides to do is going to affect this. Whatever you think of the president and his volatile personality he has been an enormously successful. The market will continue to do well with cheap and easy money. The market is priced in a spring recovery and looking six months forward and it is those prizes that will survive. The stock resilience is real simple of the heroes of economy and they are not washington dc but working and on the job this morning and they are everyday in america. Stuart the beatles or the song is another good one and not particularly for me but we do like the beatles and we play them whenever we can. 11 00 oclock on the east coast, 11 01 to be precise and it is friday, january 8. Breaking news just coming out at us. President trump tweeting that he will not attend the inauguration on january 20. He will be the fourth president to not attend his successors inauguration. The others john adams, john quincy adams, Andrew Johnson and this has not happened since 1873 but the president will not be there on the 20. To the markets, they are continuing their record run and its a fractional gain for the dow but its holding just above the 1,000 and the nasdaq still strong up 93,000, 13,000100. Now this. At this moment president elect biden is figuring out what hes going to do first. All president s have to lay out their immediate priorities. They odds are strong that for joe biden it could be a tax and spend plan for it before you dismiss this as ruinous socialism because the economy consider this. If he doesnt write he could engineer a very strong economy. The socialists dont want to do it right and they want to punish business, punish wealth, punish fossil fuels and get their revenge on capitalism. But this is a very closely divided congress and extremes cant get the votes. Its the center, the moderates who will dictate policy. Heres what i think will be the main element of the biden plan. First, repeal salt. Sounds obscure but nothing cheers up democratic governors quite like restoring the federal deduction for their own very high state taxes. New york, new jersey, new jersey, they went heavily for biden in november repealing salt would be their reward. What else . A wealth tax, no way. Doubling the Capital Gains tax, massive increase in the Social Security tax for the wealthy, estate taxes, probably not, too extreme. Moderate democrat senators like jon tester and joe manchin will not likely to go that far left. Moderate republicans like Susan Collins and even met romney are not likely to cross the aisle for that either. Far more likely is a bump up in the top tax rate and a Corporate Tax rate that goes back up to 28 and these two measures will not hurt the economy that much, especially if the biden spending plan includes a couple trillion dollars worth of stimulus for the socialist will make a lot of noise but in a narrowly divided congress they dont have the votes the center does. If the center holds things will not fall apart. The economy will keep growing and you will keep your gains that you made in your 401k. I doubt the biden team will pay much attention to me but if they want a roaring economy they should Pay Attention to the moderates who are now the most powerful people in congress. The third hour of burning company is about to begin. Stuart he is there, there he is, look up charles you are on per Charles Payne making money with Charles Payne prayed he is the man. What do you think . A very modest tax increase, huge spending, forget the socialists and i thank you got a rip roaring economy and a strong markets but what say you . I think the market agrees with you at least 42021 and i was saying the same thing for most of last year with respect to the outcome for this year but beyond that, stuart, ive got to say im singling on this kind of stuff. That tax at corporate height is not a little tax hike. I thank you made all the difference in the world. You talk about spreading wealth and when people talk about shared prosperity weve finally got it after more than a decade of not seeing it and in wages paid wages are climbing ahead of inflation from yearoveryear for about 15, 16 months in a row in immediately, immediately after the trump tax cuts went into effect the correlation was clear and obvious. I thank you will start to hurt the income equality will get worse when you raise the Corporate Taxes hire an individual taxes higher as well so i dont think its a small tax hike. I think it will hurt but i do agree 1000 on 2021 with a 3 trilliondollar coming in and the Federal Reserve but after that listen, a lot of promises are made on the campaign trail and you talk about solving one of them but the democrats are still going to have to do a whole lot to assuage, if you will, the far left of the party. Stuart yeah, but if they wrecked the economy they will look bad in 2022. Thats my basic point here. Theyve wrecked the economy 60 years on and off. They wont look bad. I saw prominent, wealthy liberal limousine tv on another Network Today actually say he went down to florida from new york to get the vaccine shot and blamed President Trump because new york is in shambles but will not give Governor Desantis credits because he can go put his name on and a two days later get the vaccine because of his age. The blame game, the goal has never been to get the economy going for them for that is not the point. The goal is social justice. Redistribute wealth. They talk about Different Things and they try to put it in economic terms but they are not worried about the blame game or worried about the wheels coming off in 2022. That is not their goal or what they truly care about. Stuart we will agree to differ. I dont think the left has the votes i think the moderates have the votes we will see how things work out. Youre not supposed to say this, charles but time will tell. Lets move on. Time of talk, dont ever say that. Youre interested in this esg, environmental social governance. What is that all about . Why am i interested . Stuart, i talked about it with you earlier in the week and i started focusing in on my show about a year and a half ago. You just cant deny it. Its the juggernauts. When the Business Roundtable and the chamber of commerce start to say our new goal or our new existence is not just for profits but for stakeholders and for the environment and it is for everything else. Stuart, this is the most powerful force in the stock market today and trillions im talking tens of trillions of dollars are going to be invested based first and foremost on your esg score. What comes under this, anything involving climate. Tesla, plug power and all these solar stocks that have gone stratospheric to the roof, underneath it so i didnt like it and i still dont really like it to be honest with you and i think its corporate virtue in signaling but i cant deny it and as an investor i stopped denying it and thats why i started to load up on the solar place and by the electric vehicle and heres the crazy thing. I made a fortune. [laughter] and telling people stuart, ive always said to folks at some point you got to sort of separate your politics from investing. You can hate nike but its a hell of an investment and you can hate a lot of companies out there but its a hell of an investment. Stuart i find it very difficult to divorce my politics from my Investment Strategy and so do you but you are im an amateur. We will watch you on making money 2 00 oclock this afternoon on foxbusiness and you got at town hall coming up about the future of capitalism. That is next wednesday january 13, 2 00 p. M. Eastern and we will be there, charles but thanks a lot. Now this. Big stuff here wall street Journal Editorial Board calling on President Trump to resign written look at that. The best outcome will be for him to resign tos stopped the u. S. From another impeachment fight for it, and bill mcgurn, you are on the board and maybe make your case. You want him to resign why. I think the argument is this is best for america. In a way its best for donald trump because we believe the democrats are going to try to impeach him on the way out and we believe the two other things that people are proposing the indication of the 25th amendment for impeachment are just going to further royal this country even more. At this point i think donald trump is in a nixon like position and he too was threatened with impeachment and i think for his own purposes as well as for the country he would just be better to resign and go quietly and retain some as we said in the editorial some agency over his future that he did it on his terms rather than let nancy pelosi pass another impeachment. Hes got to go. He should resign and to spare us the pain of impeachment of the 25th, not necessarily just because you think he ought to go and that he must be removed from the office but its to spread the countries pain. Well, thats primarily the reason. We did say look, what happened was terrible and there was a line and there are constitutional issues. Maybe if this were earlier on in his administration we might be different but with just a few days left to go i think this is a sensible solution. I think we also mentioned that if joe biden were really serious about dealing in unity he would ask democrats to stop the impeachment. Hes going to be president in a few days. Do we really need to pursue donald trump to the end of the earth . Stuart if he did resign, it would be another nixon situation in which he has no future in the Republican Party. Are you prepared for that . Yeah, well i think he has less of a future if he is impeached. Or something on the way out. Look, he doesnt want to be at the inaugural and i think it just spares a lot of people a lot of things and i think this country needs to come together and i do believe that there are very angry trump voters. I dont mean angry in the destructive way but just people very disappointed and feelings are raw and i think this would help. As opposed to seeing a lastminute impeachment and i believe one thing we have not seen is biden making a direct appeal to trump voters now. They are not going to like him and they will not support him but i think he is in a position also to reach out and you know say thats why ive asked bigger pelosi to stop the impeachment proceedings or something. Stuart lets see if that happens. I really doubt it but lets see. Bill mcgurn, you made your case and we appreciate you being with us. Thank you, stuart. Stuart the markets please. The dow has turned south but not that much, nasdaq out, s p up, news on allie baba. Susan allie bubba is up in a volume spike right now because there is news that the u. S. Treasury will be excluding ali baba from the list of Chinese Companies considered for a u. S. Investment band. Remember that story circulated early this week and that hurt alibabas share about 5 of reaction to that and this is in conjunction in november with blacklist on chinese firms that work with the Chinese Military but according to the blog the markets are reacting and ali baba has been excluded from the ban. Stuart that is straight up when the news released that ten cents and alibaba excluded from the chinese band. Consent is up for an half . Super bowl commercials, most ads watched on tv but only a few Companies Want to buy them paid we tell you why coming up. Out of washington dc renewing calls for statehood for dc after the capitol hill riots. She claims its a matter of security. Sean duffy here on that. First, more than one lane people are joining the movement to recall california governor newsom. Could we see a republican replace him . Are california guy steve hilton weizen next. Pay off my student loan debt. They were able to give me a personal loan so i could pay off all of my credit cards. I got my mortgage through sofi and the whole process was so easy. Express yourself express yourself those are advanced poses. Thats why at cvs, were making not making excuses a little easier, with the vitamins and supplements you may need. Now get a 10 gift card when you spend 30. 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They need 1. 5 million signatures by midmarch and you think they will get them . Yeah, stuart its more than that because usually in these things quite a few are discounted so the conventional wisdom is needs to be about 2 million but yes, i do think that will be reached because there are such rage in the state at the total accrual and competence of administration because what they are not just at the state level but at the local level to cities like los angeles look at how they made a complete mess of their handling of the virus. These cruel lockdowns that are throwing people out of work shutting on businesses causing unbelievable pain and one in five people out of work in america is in california. We can talk about that in a second but look at what they are doing and on top of that total failure of the state Education System where youve got black children now according to the data for years behind white children because of the failure of the Public Schools dominated by the Public Sector unions who of course fund the democrat politicians that give them what they want. Whatever issue you look at its nonstop story of incompetence and that is why i think this will succeed. Stuart you know what is coming stuart, if it does succeed the governors recall you know whats coming, could a republican take over as the governor of california . Well, it has to be someone who is not a democrat because the basic problem here is that the Democrat Party is now completely captured by the government unions. It is complete corruption and that is the source of so many of the problems to just give you one piece of data which is staggering in the space bar problem. Look at one of those unions and the Prison Officers Union here in california they get from california taxpayers 10 million a year. If you add up the compensation, pensions and luxury healthcare. That is for around 50,000 people guarding 25,000 people so its totally insane but when you multiply that acrosstheboard thats why theres the fiscal crisis and that is why the tax go up and they ask for more money because they are paying off their donors and the government unions. Democrats are captured by the government unions and youve got to get someone in there who is not beholden to them and start making these reforms. Stuart but tough because the government unions dominate the elections in california and have for a long, long time. Lets get back to the other story and you know whats coming again, 20 of all or new jobless claims in america last week came from california so one in five newly Unemployed People is a californian and i think it will get worse because your state is under major restrictions and that number i think will go up. Are you with me . It will. Im worse and behind the number youve got the fact that the very people that are being hurt the most by these cool policies and those who can afford it the least as so many of those job losses are in restaurants and bars and hospitality and all states in the union apart from hawaii, california is one where you will most likely to be able to safely reopen Outdoor Dining and so on because of the climate. I had guests on my show just as you have in despair and these are Restaurant Owners and bar owners who have made taking all precautions with being responsible and put the safety of their customers and their employees first and then here comes Eric Garcetti mayor of la and gavin newsom say no, you got to shut down and its not even doing anything to help with the virus because, as we know from the other data the cases keep going up and its not just but totally counter productive and its making it worse because its any people back indoors where the virus spreads and just so infuriating and that is why we need a big change here and we need a revolution in california as ive been saying for months. Stuart you have and i will make one last point. You are going to get a bailout. Joe bidens new administration will bail out the states, yeah, they will read california, illinois, new york, they will get it. You wont have to make all these changes but the taxpayers of florida and texas will just bail you out. What a disgrace . Im sorry amount of time but we will watch you your so the next revolution 9 00 p. M. Eastern on fox news print thank you, steve, always good. The mayor of portland was confronted by protesters at a restaurant and weve got the video and you got the full sto story. Ashley i do indeed have the video. Democrats portland mayor seated in an portland restaurant in an Outdoor Dining area where they started shouting obscenities and the mayor tried to ignore the hecklers at first but the group eventually pushed past those restaurant employees and confronted the mayor himself. Look at the video. You have done nothing and you will be made to feel like the scum you are. [bleep] you. [bleep] you. Shame on you. Ashley its charming, is it not . That video was posted by conservative journalists who described the hecklers as blm and anti fought extremists. One of the hecklers swatted the mayor and punched him in the butt in the end no arrests were made and mayor wheeler did not press any charges but i always hate these videos because it makes me so mad. Stuart what a joke. He punches him on the shoulder but we will not press charges. It really is upsetting. Its pathetic. Thank you, ashley, second time i use that word on the show. Im feeling feisty. Stuart super bowl commercials usually hot ticket items but not this year. Grady trimble at Soldier Field in chicago will tell us why. Whats going on, grady . [crowd boos] stuart those in the business say advertisers and companies are uncertain and will there be an outbreak that causes super bowl to be postponed entirely and if it does go off without a hitch we will watch it because they cant go to house parties and packed bars like they ordinarily would so because of that advertisers are hesitant for here are some advertisers who did take out ad slots last year facebook had its first ad in the super bowl ever last year and avocados from mexico is one of the longestrunning advertisers and none of those brands that you see on the screen are going to have ads in the super bowl this year and part of the reason for that is these are extremely expensive. Five and a half Million Dollars for 30 seconds but make no mistake those in the industry do say it still the most coveted add time and they do expect this to sell out to listen. This is really the only experience where people are gathered en masse and wanting to watch commercials for the experience. That will not change his year and i dont think that will change anytime soon. Reporter big Companies Like anheuserbusch and eminem and mountain dew they are all still advertising this year but is not completely unusual for the network cbs to be selling ads this close to the super bowl. By the way, stuart, in terms of commercials and the terms expect them to be humorous. Stuart well said. Grady tribble, thank you. See you later. Fallout from the company hill riots is now being felt in disney world . The theme park. Now under pressure to close a popular attraction of course we tell you which one. Overnight President Trump concedes and promises a peaceful transition of power but once he leaves office who will lead the rubbing party . Will he still lead it, i will ask sean duffy. 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Visit listenlively. Com we have just been through an intense election and the motions are high but now tempers must be cooled and calm restored. A new administration will be inaugurated on january 20 and my focus now turns to ensuring a smooth orderly and seamless transition of power. Stuart that was the president officially conceding the election and promising a peaceful transition of power. Got it. Sean duffy is with us. Sean, lets get real here. I personally cannot see donald trump leading the Republican Party into the 2022 and 2024 elections because there is a revolt in his cabinet and hes lost leading supporters in the senate and the party is split. I cant see him leading it, can you . Stuart, you are in the bubble and you are in the dc bubble and theres a new york bubble. Get outside of those places and you talk to americans who supported this president obviously all of us are disgusted with what happened at the capitol and i love the capital and served there for almost ten years but we were mortified by what those thugs did however, donald trump had the heart of American People and remember the vote parade inc. And people love this present because hes fought for them and the idea that he brought forward of American Energy independence and better trade deals focuses on the people that a been forgotten and they love him for that and therefore they will not lead him. If you think that any republican weather john mccain or mitt romney can stick their head up and not have the media and hollywood and corporations attacked them and try to destroy them and i think thats impossible. Donald trump right now is the only one who can and has withstood the assault from the leftists in power. I dont think hes going away and those leaders who arent with him and when they go back home they will find their constituents are like you know what, these are the policies of work and im still with the president. Stuart it freezes the field, doesnt it . If he stays in the leader of the Republican Party goes into 22 to four hes froze in the field is no upandcoming republicans and they wont get a look at and thats not good for the party. Trump will be come a President Trump will be 78 years old four years from now. You need young people, dont you . Younger than joe biden, right . Stuart you do take my point. I do take your point. I think im leadership is supported and thats why in the house of representatives republicans are young and democrats are all old. Have a new blood, and is a good thing and some will rise and some will pick up the mantle and sell the conservative Republican Movement on a set of ideas but as we sit right now donald trump is still leading the conservative movement. Does President Trump come back in four years . I dont know. Will he try to anoint someone . I dont think we do well with anointing successors. I think we would have if President Trump doesnt run again you will have a roughandtumble primary and will debate ideas and we will see who the voters will see who will be the next challenger to joe biden but that time he still the mantle of the movement because i came home stuart and i cant believe the amount of support this president has even though it there is the discuss with what happened at the capital. They are still with him. Stuart i hear you preach on, i wanted to talk about the mayor in washington dc. After the riots she wants dc to become a state. I think thats a losing issue but what you think . Listen, democrats have wanted dc to be a state for years because they are guaranteed to have two senators and maybe one or two members of congress but this will fundamentally change the power structure in washington forever. Donald trump got 5 of the vote, joe biden got 93 of the vote in dc. Of course they want dc to be a state but our founders purposely said we dont want the District Of Columbia to bsa because we wanted to be a neutral zone where all americans from all states can come in and petition their government. See the stuarts. Dc people congregate around the city and march on the capital to petition and let their voices be heard. If this was a democrat state and they may not let republicans or conservatives come in and petition the government because they cant organize outside capital that will be sad for freedom and for petitioning the government. This cant happen and i dont think it will happen but make no mistake democrats are trying to consolidate their power right now one of the ways they do that is by not expanding the people who resonate with their message and its expanding voters. Whether they do it with dc or the Legal Immigration they are about bringing new voters and instead of selling their message to the voters that already exist in america. Stuart sean, i dont know where you are but i want to thank you for coming into the new york bubble and joining me on the program today. [laughter] you are all right. Thanks. Stuart this i find extraordinary. There are growing calls for disney world, the theme park in florida, to close a popular attraction. Ash will tell us which one and why. Ashley yeah, the hall of president s. The anima tronic figures from president ial history, there it is. There is the picture. Robert niles editor at the theme park insider says disney has no choice but to close the hall of president s and the attraction that we say features the audio anima tronic president s, including donald trump. In an editorial addressed to disney ceo and the president niles writes that the u. S. Capital balls to insurgents incited by the defeat of President Donald Trump and goes on to say quote, make no mistake this is an act of sedition, of treason against the United States government. It is a dark day for america and the Walt Disney Company should not celebrate it by continuing to give donald trump a voice in one of its attractions. Close the whole of president s. It certainly not the first time such a call has been made and there have been numerous efforts to have this attraction but so far disney has not taken action or responded. Stuart but they will soon. Or they may respond at least. A response is calling. Ashley, thank you. Long lines and fistfights right at the popeyes debuted their famous Fried Chicken sandwich bread can you imagine a fistfight . Another company is jumping into the chicken wars and of course we will tell you which one. Next, i say lockdowns are killing the job market and i can prove it. Andy will agree with me and he is on the show next. There are many names for enthusiast. But theres only one way to become one. By going all in. The new lexus is. With a lower center of gravity, a more responsive suspension, and an aggressive wider stance. This is what we call going all in on the sport sedan. Lease the 2021 is 300 for 359 a month for 39 months. Experience amazing at your lexus dealer. Its time for aerotrainer, with your weight and health . Lease the 2021 is 300 for 359 a month for 39 months. 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Christina, im sure this is all about the teachers union. Reporter this is about whether taxpayers should be paying for government workers who and instead of not doing the job they were originally hired. Goldwater institute is a watchdog suit and they filed a suit and highlighted to new Jersey Public School teachers that are being paid fulltime to work at the union as opposed to teach. This is the case that is kind of common among firefighters and Police Officers so i came up with a lead counsel who questioned the use of taxpayer dollars. This practice during this time in the federal government, state, and local government and federal government alone spent 150 million a year and its hard to get a specific dollar figure for state and local governments because they dont track it well. Reporter the new jersey or Jersey School will provide, because the litigation is ongoing so i caught up with the workplace attorney about the importance of union. What you are asking these people to do is to not turn around, take your experience, take the knowledge and help negotiate better wages and help negotiate Better Health benefits, health negotiate better retirement security. Reporter the new Jersey Supreme Court is expected to come to a decision in the coming months, stuart. What we do know for the Education System here in newark and jersey city that schools will remain closed until april 21 and that means Remote Learning for teachers and students for the next three months. Back to you. Stuart thats absolutely pathetic and that is the third time ive used that word on the show today. Im in a mood christina, thank you. Reporter thank you. Stuart what a mess they made a Public Education in america. Good god, newark schools close to april . Good god. Thank you, christina. Take a look at this, oped in the wall street journal lockdowns starve mom and pop pain customers are the best stimulus for any Small Business. I could not agree more with that. The man who wrote it im agreeing with him, andy andy puzder who joins us now. Im sure you saw this in the job support this morning but the restaurant and bar business lost 498,000 jobs in december and that obviously the result of lockdowns. Am i right . You are absolutely right. What these even with the Payroll Protection Program which is about 1 trillion at this point, 953 billion to help these Small Businesses we seen tens of thousands close and hundreds of thousands of Small Businesses in trouble and this is a horrific situation. People are losing their jobs. We dont have job openings and look, these lockdowns have got to stop. Stuart yeah, but will they . Here is my scenario . Look, i think one of the first things that the Biden Administration will do they will bail out the california, new york, illinois and new jerseys this world and they will bail them out. They dont mind locking people down and ruining their own economy because they will get a bailout from the taxpayers of florida and texas. I think that will happen paid what say you. I think that could well happen. We are in a very, very dangerous situation. Look, there is an another election in two years and i think the democrats know that and they know they cant take this too far. Youve got these mom and pop businesses closing across the country and people are going to notice that and will notice people who arent working and they will notice wages arent increasing and they will notice their neighbors dont have jobs and they will notice that these businesses that used to love to go to have disappeared and so if we dont turn this around soon we will have a very, very serious economic problem in this country. We are looking towards huge Economic Growth coming out of the pandemic but it will take more than a vaccine to get this economy going but take progrowth policies and the kind we had in 2019 to get us back on track. I dont see those coming anytime soon. Stuart it will be florida and texas that see the best growth. I predict that comfortably. Heres one for you. President elect joe biden just selected boston mayor marty walsh as his labor secretary i believe hes a union guy paid what kind of policies do you think walsh would introduce and lets say for Small Businesses . They will be the policies that encourage easier unionization and i know we supported with over 15dollar minimum wage that only helps people that have jobs and doesnt tell people that dont have jobs so we are losing more and more jobs and you are hurting people with these policies. Look, i want to say one thing and i hope the republicans and the Business Community give mayor walsh a fair shot at being appointed than they gave to me and i think this is President Bidens selection and he has the right to select this individual and i know he was an alcoholic and has been very public about that so im sure there is personal issues but i hope they help him and his family through when President Trump nominated me. You will not come out with policies that are favorable to the Business Committee and the President Biden won the election and this is the direction they choose to go. Stuart we not forgotten your experience, andy. Thank you for joining us, appreciate it spent my pleasure, stuart. Stuart please show me the stock price of llama brand they own kfc and other operations. Lauren, tell me about their new chicken sandwich. Lauren out goes the crispy kernel and in comes the extra Crispy Chicken sandwich, four dollars and you can buy it in nine city for now. Theyve tested eight different types of pickles and six different types of funds to come up with this. Tested it last year in florida and sales doubled their production so now it is on the menu. Next month mcdonalds is competing and they have three new chicken sandwiches coming out and everyone is trying to, you know, beat popeyes and chickfila who seem to be the most popular chicken places out. Stuart but you cant beat jalapeno, what is it, i cant remember. Lauren wendys. Stuart jalapeno cheeseburger. I cant member what is in that but ill have to order one this afternoon. Lauren it is spicy. Stuart yeah, spicy, i cant remember. Lauren i dont know, sorry. Stuart by the end of the commercial break i will remember for it friday feedback is next. [laugh] dad i got a job im moving out. [laugh] dream sequence ending no in three, no two, keep packing one. Hi, im dorothy hamill. If youre turning 65 soon, like me, you might be thinking about medicare. 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 Advantage plans take a total, connected approach to your health. Starting with the benefits you deserve, like 0 monthly plan premiums including Prescription Drug coverage, dental, vision and hearing. And telehealth so you can see a primary care doctor remotely from the comfort and safety of home. Plus a monthly overthecounter allowance. Aetna Medicare Advantage plans will help me keep doing what i love. Because, for me, this never gets old. Call today to learn more or to be connected to a local agent in your community and well send you a 10 visa reward card with no obligation to enroll. Stuart forgive my senior moment, it was the bacon jalapeno cheeseburger that i had forgotten. This is now the friday feedback so come on in, ashley, lauren altogether now. Start with something a serious trade this is a message that came to us from leland kane who writes this remember you are a business channel, stick to business reporting in the politic reporting to other channels. Okay, but we do money and politics on the program because they are uniquely intertwined. There is a very close relationship between Political Developments and stock market developments and that is why we cover both. We enjoy it and i think the audience does too. I will move on paid weve got emails about this moment on the show, what is this . Does not do a damn thing for their income tax. Excuse me, that is that was Ronald Mcdonald calling me. Susan there was a landline, not a mobile phone. Ive not heard a landline in years. Stuart we read just one message about it but there you go. Susan i found it eventually, right . Go ahead. Stuart but you never heard that before. Susan it took me three screens to find it so it wasnt on my preset. Stuart wed ed renzi when we heard that you and never heard that before . Susan its not my ring tone i will tell you that. It was a nostalgic thing but were talking about martini lunches. Stuart a testament to how young you are. Next comes this from aarti who says, have not heard much about your tree farm lately. How is it going . Has been impacted and i hate that word, has it affected please by trade wars and basic species or industrial wind funds . Stuart yes, the northern emerald borah is moving north towards my tree farm and we had to take down all our ash trees because the emerald borah attacks ash trees and you got to take them down to stop the spread. Yes, we have been impacted. Okay. Here is someone or a note from someone who calls himself senator bull worth. Please ask the host to share their favorite photo from the holiday break. All right, ashley, you are a first. Ashley here we go. You will see the family resemblance here as we bring up the picture could this was christmas time in florida. There you go. I want to point out the soldier has the mask on so we were within our rules but as far as social distancing we completely blew it as you can see the m playable tree is right next to the soldier but in a nutshell that is christmas in florida by the pool. Stuart so cute. Susan, you. Susan i did not get to celebrate christmas this year with my family as i usually would but its about some of the Christmas Spirit and the christmas tree. Stuart thats a nice treat, but ill give it to you. Is this from you, lauren . Lauren that is great that sums up 2020. Thats my son on Christmas Eve and that is his face on christmas morning. Stuart there you go. We are out of time. Lauren thats how you wrap up 2020. Stuart i wish we could expand this but we will next time, more varney after this. They were able to give me a personal loan so i could pay off all of my credit cards. 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Call today and well also send this free guide. Humana, a more human way to healthcare. Stuart just got time for this, jay commenting on my christmas performance. He says your singing was great, but my wife thought your christmas sweater was awesome. He included this picture, there you go. You see, or ladies and gentlemen, i really do have taste [laughter] even in crazy christmas sweaters and so, sir, does your wife. Neil, its yours. [laughter] neil i cant beat that. I cannot beat that. Stuart, thank you very, very much. A bit of a selloff here, but again, back to capitol hill, whats happening right now, flags at half staff, this as moves are afoot to get donald trump out of office and soon. The indications are that a number of republicans could be onboard with that but not nearly enough to get that the into fruition. Time will telling as they say, another 12 days to go. Were going to get the read from doris kearns goodwin. You know, the last president who refused to go to his successors inauguration was andrew