S p, but the nasdaq only down fractionally. We have news on a biting tax proposal that would tax you are again in the stock market every year. That may be one of the negatives hitting the market this morning and so is this, very long lines to get vaccinated. Confusion about who can get the shot and when. The vaccination miss would stretch our recovery from the virus. That is money, turning to politics, washington dc is tense with five days till the inauguration. All streets leading to the capital are now blocked National Guard troops. President elect biden train ride has been canceled and the sundays rehearsal for the inauguration has been postponed until monday. Security concerns. Then there is this, in a court filing on jacob chamblee, the man in the horned helmet, the filing argues he intended to quote capture and assassinate elected officials including Vice President pens. Tense indeed. On the show today we will look at petco and poshmark as they went public thursday in the stock price went up and today is todays premarket prices. Yesterday, when they went public, it was the Hedge Fund Managers and made a real killing. The left wants revenge for the trumpet years even going after the degrees that Kayleigh Mcenany and of senator cruise. We will try for relief with friday feedback at the end of the show. Varney co. Is about to begin. Stuart a rather gloomy new york city as of this morning and joe says feeling all right. President elect to joe biden unveiling his 1. 9 trillion American Rescue plan last night. Roll of tape. A rescue plan includes immediate relief to americans hardest hit in most in need. We will finish the job of getting a total of 2000 in cash relief to people who needed the most. Of the 600 already appropriated is not enough. I know what i just described is not come cheaply, but failure to do so will cost us dearly. Stuart on your screen, some of the items in this plan including 1400 in additional stimulus checks, 350 billion in a state local government assistance and a 15dollar minimum wage at the federal level. We will get into this with more details are at the show. Looking out whats happening on the market this morning in light of this revelation last night, we are down especially the dow industrials with 200point loss as of now, for the dow jones, lost for the nasdaq and s p as well. Jonathan hoenig with us. Jonathan, you say all this spending plus the inauguration, tax on big tech, they are bringing they are going to bring on a correction. I have to tell you, you are one of the few people on wall street that is telling me too watch out. I think now is the time and of course Everyone Needs to make their own decision based on their own context, but i believe its coming. For one thing, the market is overwrought, 88 of stocks above their 200 day losing average along with citigroup panic euphoria model. They have been looking back at 1987 during periods of euphoria and right now, we are at a whole time alltime high in the spending is the biggest of all. Joe biden is talking about spending, look i remember the markets fell 40 after the 2008 stimulus was passed, fell for another four months, so this idea is all we need to do is throw money at the economy, didnt work in 2008 neither did the higher taxes or higher regulation and put it all together and add on top of that that attacks on big tech, this was the fuel of the bull market but over the last three months facebook, amazon, netflix is all down, lagging behind. Its one of the number of reasons why i think the time is for caution in the markets. Stuart caution in the markets, you are looking for a correction of some point it when do you think we will get that correction . Is there a trigger that you can point to that would produce heavy heavy selling all of a sudden . I think you need to keep your eye on the big dogs, i mean, if it wont be facebook, amazon, netflix leading it higher, what will it be . Strongest stocks lately has been a lot of the weak dollar plays, commodity plays, foreign stock and speculated stock, the russell 2000 is the smallest dog and its at an alltime high and thats what we tend to see at the tail end of the bull market, bitcoin is leading the way and now is a great time to diversify. I dont think you dump your portfolio, but be selective about avoiding names in governments crosshairs, specifically big tech. Stuart jonathan, we consider ourselves a warrant. Thank you. See you soon. We have a new study and its giving us more insight into the virus and into immunity. Dr. Marc siegel is with us. Hes the author of the book covid, the author of fear and power of science. Doctor, this a study says you are only immune for five months after you have had the virus. That doesnt sound good. Sounds like its the flu is actually better than that, stuart. Its called the cyber in the study out of england and over 6500 volunteers had antibodies showing they had covid, but they study them for five months and out of the 6600 only 42 got sick. I think those 42 may not have even been really have had the virus, so i would say its way more than five months. Other studies have shown its more than a year and i think what the study shows is a high level of immunity to covid19 once you have had its. Its actually good news. Stuart okay. Im sorry, i got it wrong. We will take your interpretation. After you have had the virus, can you still carry it . Yeah, you can carry it after you have had it, but they are again, the ability you had to transmitted after you have had or after youve been vaccinated based on studies out of israel, its looks like if you have had it or had the vaccine, the chances of you transmitting it are very very low. Stuart, thats how we will get out of this pandemic. That how we will get out of this mess, for people getting over covid and once we vaccinate the vast majority, we will slow spread to the point where the economy completely reopens. Thats my production for the late summer and fall stuart this is better interpretation on the study than i was expecting. Thank you, doctor. Hold on, im sure you have seen this, long long lines of people waiting to get vaccinated. The vaccination process isnt going well. We have it on the screen now. This is from california. Was the problem here . Messaging from our politicians because now new york and california, the governor say if you are over 65 you can get the vaccine. I get hundreds of calls a day saying im over 65 and i say we dont actually have the doses and thats the problem. Might want all we have are the doses left for those for their second shot, so its fine to promise people over 65, but if we get everyone over the age of 65 vaccinated it will cut the death rate down anonymously in the hospitalization rate down, but politicians and the governors of these blue states had better watch it with all these promises. You need the vaccines to back it up. Distribution still is that what we needed to be. Stuart and its not a very efficient process at this point of actually putting the vaccines into peoples arms. Its not efficient prosit process just yet, is it . No. We need the pharmacies more involved. Down in florida publix is getting involved and thats good, walgreens, cosco, that will help enormously. When we rely on medical centers and clinics its not efficient enough. May be one third to to one how the vaccines that have been delivered to new york have been administered. We need way more than that percentagewise. Stuart got it. Dr. Marc siegel, thank you for joining us. Newly leaked video reveals twitters chief, jack dorsey, admitting President Trump said they are is just the beginning of a quote much bigger movement. Watch lists. We are focused right now, but this will be much bigger than just one account and it will go on much longer than just this date for this week, the next few weeks and beyond the inauguration. Stuart good lord. Florida congressmen greg steube has plan to fight back and he will join us in a moment. Checking the futures one more time. We are down this friday morning. Released by 1. 9 trillion rescue plan in the market goes down. More varney co. After this the youre clearly someone who takes care of yourself. So why wait to screen for colon cancer . Because when caught in early stages, its more treatable. Im cologuard. Im noninvasive and detect altered dna in your stool to find 92 of colon cancers even in early stages. Tell me more. Its for people 45 plus at average risk for colon cancer, not high risk. False positive and negative results may occur. Ask your prescriber or an online prescriber if cologuard is right for you. Ill do it. Good plan. New projects means new project managers. Ill do it. You need to hire. I need indeed. Indeed you do. The moment you sponsor a job on indeed you get a short list of quality candidates from our resume database. Claim your seventy five dollar credit, when you post your first job at indeed. Com home. So youre a Small Business, or 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 a couple of Economic Indicators released this morning moments ago. We heard Industrial Production in the month of december was up 1. 6 . Earlier this morning we looked at retail sales, up 2. 9 in december compared to december 2019. Not bad. A judge will make a decision soon on parler versus amazon. Remember amazon dropped parler social network, drop them and put them out of business. They are going to court. How soon could we hear . Lauren the quote from the judge, stuart is as quickly as possible and she will decide on whether amazon to hook should put parler back online but its a more measured approach than parler hoped for as its 12 million pot followers have been in the dark since the week in. Parler sued amazon monday asking for an Emergency Water to force amazon to restore their platform. They said they were blindsided by amazons decision and their argument is remaining offline would kill their business at the time it was set to skyrocket. That means parler that President Trump would sign up for parler after he was booted from twitter, but that didnt happen and the ceo of the parler is a saying thats the whole point, amazon made sure President Trump didnt have a platform anywhere else. Stuart yeah, and really put them out of business. We hope we will hear sam. Thank you. More on censorship. Twitter whistleblower leaked a tape of Ceo Jack Dorsey telling staff there is more to come, i guess more censorship. Roll tape. We are focused on one account, but this will be much bigger than just one account. Its going to go on for much longer than this day, this week, the next few weeks, it will go beyond by on inauguration. Our platform is trying every single measure and our role is to protect the conversation. Stuart sounds like dynamite to me. Lets bring in congressman greg steube from florida, republican. Congressman, he just said its bigger than just one account and will go on beyond the inauguration. Sounds like an ongoing plan to censor conservative opinions. What are you going to do about this . Well, i have a bill by file that would not allow twitter and facebook and amazon and google to do the things they have been doing and censoring conservative speech. It creates a market dominance test. Is the social platform and if they are market dominant in the marketplace, then they would qualify and if they are censoring speech or violating your First Amendment rights, you would then have the ability it would remove section 230 Liability Protection and you would have the private right of cause of action to violate lawsuit against facebook or twitter so when the New York Post story story was censored on hunter biden the New York Post could have filed a lawsuit against twitter at that moment and either gotten damages or had them rectify the situation of the censorship. Stuart congressman, hold on. I want to repeat what twitter, they have a Statement Issued to foxnews and heres what they said, the remarks showed in the video were delivered to around more than 5400 employees and are nearly the same words jack shared in a recent tweet thread offering context around and reflections on our work to protect the conversation in recent weeks. At me move on from there. If we made social media like a newspaper where you could be sued for what you print, is that what you are talking about, is that the nature of your bill and what it actually stop the censorship of conservatives . Thats absolutely what the point is. The reason why twitter and facebook gets away with this is because of section 230 Liability Protection they havent federal law protecting them. And they can do whatever they want because they know nothing can happen to them but newspapers like the New York Post or foxnews or other needed media platforms can do that because they dont have Liability Protection, so the reason why twitter and facebook act this way is because theres no legal repercussions for censoring conservatives, so by taking away in reforming that section 230 Liability Protection , big market dominant social media platform i think you would see a curve in the behavior because the New York Post, the president and others went twitter fans or sensors them, they would have a private right of cause of action to file a lawsuit and you can to do that right now. Stuart do you think the censorship is a real threat to our democracy . Seems to me we are just clamping down on free speech and forcing us into a narrow band of opinion which we may or may not share. I think its serious business. Absolutely is a series of because facebook and twitter and google and amazon are so dominant in the marketplace just like what you see with the president and what you see whats happening with parler, so amazon takes them off and suddenly their businesses out of business, for these specific companies to have that much control, the conversation of those americans in our country is absolutely appalling and it violates our First Amendment rights of because they are so big and because they have gotten so big because the federal government has given them Liability Protection through section 230. Absolutely needs to be reformed at my bill will do it and protect First Amendment rights in america. Stuart congressman, greg steube thank you for joining us great to see you. Stuart we have google banning political ads ahead of the president elect biden inauguration. Tell me more. Ashley good morning. s the suspending political ads in any reference to quote impeachment, inauguration or protest that the us capitol. Google says it routinely pulls ads over unpredictable sensitive events and when asked it says it can be used to split the event or amplified misleading information. The company said they will be extremely vigilant about enforcing its policy on any ad that it believes crosses the line. Advertisers wont be able to run ads referencing candidates, the election, the outcome, the biden inauguration, president ial impeachment process, violets at the us capitol or any future planned protests regarding those topics. Stu. Stuart that is a blanket, stop dont say anything about all of that. Thats a blanket censure i dont think weve ever seen anything like this before. Ashley no, i dont think so. Certainly, that basically covers everything that could be deemed associated with these events and is a silencing the massive, is it not . Stuart yes, it is. Ashley, thank you. We are looking at the market now heading to the downside this friday morning when the opening bell rings. Dow jones up about half of a percentage point. Back in a moment the sofi made it so easy to 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 im greg, im 68 years old. I do motivational speaking in addition to the substitute teaching. I honestly feel that thats my calling to give back to younger people. I think most adults will start realizing that they dont recall things as quickly as they used to or they dont remember things as vividly as they once did. Ive been taking prevagen for about three years now. People say to me periodically, man, youve got a memory like an elephant. Its really, really helped me tremendously. Prevagen. Healthier brain. Better life. Stuart the worst on prices at this friday when we open the markets in a couple minutes, down almost 200 for the dow jones industrials. I want to show you poshmark and petco and these are todays premarket prices. Yesterday when they debuted both went to the moon with poshmark up 141 yesterday and petco up 63 . Gary kaltbaum joins us. Is this the froth and speculation you have been warning about, gary its worrisome and some of these companies coming public are very Good Companies, but the valuations are outrageous and they air will be repercussions. All i can tell you is i see companies that have 80, 90 billiondollar market limits with 500 million in sales and lose money and that just cant stand. The good news is they are public and the bad news i think they will have to work off the froth of speculation and i have to say i watched Jonathan Hoenig earlier and that was a massive on explaining how extreme sentiments to the upside can hurt the market in the short run, great job by him. Stuart good step. Heres a question for you, gary. Do you think its okay, do you think its right for Hedge Fund Managers to make so much money on the petcos and the poshmarks of this world when the people who created the company get less when he goes public . I mean, Hedge Fund Managers made a killing yesterday. Welcome to markets and welcome to wall street. Of this is how it works. You never know whos going to make out more, whos going to make out less. Of they do contracts at every level. They do investing at every tranche, as they say, and some adds up very big winners and some less so and its just the nature of the beast. Is the way it goes and its been going on for ages, stuart. Stuart left hand side of the screen, big bank stocks, big financials i should stay say, they all reported and they are all down with stock prices are down premarket this morning. Whats that telling you . They had a big run. Theres nothing wrong. I looked at the numbers and they look good. You have to realize that Interest Rates have been backing up on the long and and when you have shortterm rates at zero and Interest Rates going up on the long and it increases margins and helps the stock prices over the last couple of months its just a pullback. I would not sweat it. Its as normal as normal can be and i think Goldman Sachs is like up 40 over the last of a months. J. P. Morgan from 100 to 135, 140 so its normal at this juncture. Stuart gary, we will watch for the correction. Gary kaltbaum, thank you for joining us. They are ringing the bell and that means we open very very soon. We are looking for maybe 200point loss for the dow industrials when trading begins. Its begun. Down 183, down above a half of a percentage point loss. Thats the dow industrials. Down 190 as we speak. S p 500, losses fractional. Getting between a third and a half of percentage point. Nasdaq composite is only down a fraction. That means maybe the big techs are coming back a little from yesterdays selloff. Lets look at the big banks. They have open for business and yes they are down to the biggest loss is wells fargo which is down 4 and his city is down 4 as well. Zoom, you know that stock has almost become a verb as its been named the 2021 top stock pick by leading Investor Firm on wall street. Lauren, guess they expect more zoom at meetings this year . Lauren maybe once or you dont have to look at yourself in the camera and say i need botox. What am i talking about . Bernstein is bullish on the part of the zoom meeting called the zoom phone, the phone call. They say those calls have passed the 1 million mark. This is a cloud calling option for zoom users that want to set up calls the dont necessarily have that video. It launched two years ago but its really popular now and we already have the stock up today. This was by far a 2020 pandemic superstar, but its been down 5 this month and Morgan Stanley says wald wall street got to bearish and now bernstein with this call the stock is up 4 . Stuart and is going up as we speak, nona now four and a quarter precent. Looking at General Motors, they have had a really strong rally since their electric vehicle rollout. They are down a fraction today, but still above 50 a share. Ashley, did they just get an upgrade . Ashley they certainly did. Upgraded the stock from hold to by setting a target price of 56. The strong Balance Sheet and improving Profit Margins as well as finance unit and operations in china, 19 note 20 analysts rate gm shares as a by the stock has been on fire up more than 60 over the last three months, nearly 20 this week with those slightly down today and theres growing belief in gms electric vehicle plans, which involves as we know billions of dollars of investment and dozens of new ev the oh calls. Looking at others, certainly tesla which is out on its own when it comes to performance of electric vehicle companies, but gm getting a lot of the buzz, down slightly today but its been a nice run, up 45 in the last 52 weeks. Stuart i remember reporting that under 30 a share a couple of months ago and now its 51. City says disney is a better stock than netflix took this has to be about the streaming morals. Lauren its all about streaming. City says because disneys late entrance to the streaming market, it will be easier for them to grow their number of subscribers and even that disney has more subscribers than netflix ended two years by 2023. Looks like they can do it. How do they get their . City says they have less content, but its better in the sense if you look at the review scores like they also say disney has flexible plans to bond with other Services Like espn so they like that and the price target they are giving, netflix is 580 and disney is 205. Stuart 580 and its now 500. 205 and its up 172. Interesting. Thank you. Carnival cruise lines has its bookmark oozes for 2022 than they did in 2019. That has to be pent up demand,. Ashley it certainly is. Carnival says demand has been robust even before Covid Vaccines were developed, but looking its really picked up. More cruises had been booked for the first half of 2022 as you say then in 2019 which was very profitable by the way, 2019 for the cruise industry. Travel weekly says carnival laws 1. 9 billion during the Fourth Quarter but the cruise line says it has the funds to keep going. I was going to say a flow, but we have already had that joke, enough money to keep going until the fleet can fail again which will hopefully by the b by the end of the year, stu. Stuart puns around airlines, cars and chris cruises, irresistible. On your screen right now growing list of platforms banning or restricting President Trump. However, the left wants to take censorship a step further. Watch out. Listen to this scenic start at the top like any counterterrorism effort. There are millions of americans who somehow need to be deprogrammed. We are going to have to figure out how we reign in their immediate environment. Stuart they want to deprogram us . They want just one acceptable opinion . Outrageous. More on that coming up for you. 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. Lease the 2021 is 300 for 359 a month for 39 months. I made a business out of my passion. I mean, who doesnt love obsessing over Network Security . All our techs are pros. They know exactly which parking lots have the strongest signal. I just dont have the bandwidth for more business. Seriously, i dont have the bandwidth. Glitchy video calls with regional offices . Yeah, thats my thing. With at t business, you do the things you love. Our people and network will help do the things you dont. Lets take care of business. At t. Stuart taking a look at the markets. We have 1. 9 trillion stimulus plan. At the market is a down. Steamer, good morning. Thank you for joining us. Stu, this is a massive price tag. Had we pay for this . Stuart i dont think anyone is concerned at this moment as certainly the democrats arent concerned at this moment about paying for it. Remember, this is the response to the virus, in response to a clear emergency and they dont care about how much they have to borrow and spend. They just want to get out of this thing. I might add we have not yet gotten the tax side of the Stimulus Program and that is to come. The tax aside of it will be raising taxes here and there and just about everywhere. Of that will be paying for this program, but the bottom line right now is that the government is going to borrow much of this money. 1. 9 trillion now, more stimulus to come, they will borrow most of it because they wont get much from raising taxes. As we go through more details he laid out in the plan, stir, 1400dollar stimulus checks, 15dollar an hour minimum wage, calling 400 billion to fight covid, 350 billion to city, state and territorial governments, you lay that out there and what stands out is 50. Dot 15dollar minimum wage. A lot of this was the central points to Bernie Sanders president ial campaign. Stuart yes. I think that the 15dollar an hour minimum wage at the federal level is probably one of the easier things to get past. They have a narrowly divided senate. Is politically popular trick if you go to your constituents of a i got you a raise, i got everyone a raise of to 15 15 an hour. Thats politically attractive and i is suspect 15 an hour will be one of the easier part of the Stimulus Program to get past. As were the 350, almost 400 billion going to the states for aid to them, that might be more difficult republicans dont want to see democrat run states like new york, new jersey, illinois, california, they dont want to see states like florida and texas bailout the badly run democrat states which i mentioned, so that might be more difficult to get through, but he will get something, at least a large chunk of this 1. 9 trillion program will go ahead. Fair enough. We are about 12 minutes into trading with the dow jones of the hundred 65 points, fervently above the 30000 mark. Always good to talk with you. Thank you. Stuart thank you, sandra. We will be watching your new show by the way with John Roberts America reports, that starts monday one3 00 p. M. Eastern. Delegate this, poshmark and petco went public yesterday ended their ipo and debuted. They zoomed when they went public yesterday. There is a lot of buzz for another company that is about to go public. What you have, lauren . Lauren its called zero to lee as an oat milk, a Vegan Company backed by oprah. Its looking to raise a billion dollars in an ipo this year, and that milk is very popular. You see at many places, so that you are now, but boat lee is set to join these other Companies Set to make their public debut soon, is to car, the payment processor stripe and then a Company Called next door , a social site to control the neighborhood if you will and the dating app bumble. What are they having common . Social companies that offer clients and customers immediately, i want it now and we will get it to you. Stuart buzz about it all and its a hot ipo market. Thank you. What is this i seek . Good news for thin mint lovers as the girl scouts is partnering with grub hub to make sure your cookies get delivered. Ashley, what are the details . Ashley well, we can all breathe a sigh of relief is all i can say, back to you no, thin mints will be delivered. Girl scouts usa is offering contactless delivery and pickup through grub hub. Is the first time the girl scouts which normally have a cookie stands has collaborated with the National Delivery service, but these are the times and the girl scouts says grub hub agreed to waive all fees deliver and track and manage inventory. The cookie selling season runs from now through april. There you go. Stuart good. I used it to have those delivered. Kind of dropped that ball recently. Thank you. Going through the usual list of the markets. How about the 10 year treasury yield, 1. 10 this morning. Price of gold not doing much today, 1841. Bitcoin has been on a roll. This morning its down 6 at 37000. Oriel, 52 a barrel, down 1 today. Disneyland in california , you know it has been closed for months so what happens to the people that bought and paid for annual passes, lauren . Lauren they get their money back because the passes are good anymore this is for disneyland in anaheim. Disney has no idea when they can reopen that park so they are canceling and refunding passes for their most loyal customers. And a lot of these people signed up for these passes for decades this implies either california wont allow disney to open anaheim for a long time. Some people that they made it into Vaccination Center and it was a turning point, a good sign, maybe not. Other people say its a brilliant idea for disney because when they do reopen disneyland, they had to obviously limit capacity so you cant have all these passholders flooding in. You have to manage attendance. Stuart i mean, im fascinated by disney stock on the which has gone up nicely, up 172 right now compared to 80 a share in april. Their cruise line doesnt work, not operating, their theme parks largely run down, their movie business has left town, they have streaming and i guess that is why the stock has gone up so much, i guess. What do you think . Lauren they had pivoted fast to streaming and its been a home run took we just did this story and city says they will have more subscribers than netflix in two years time, so that his house disney is hanging on plus its been around a long time, but you are correct. When you look at their business, so many units just decimated. Stuart not exactly hanging on at 171 a share. I remember it much lower than that. Remember those new jersey gym owners who defied a lockdown owners , have been locked in a legal battle with officials four months, get this the owner of the gym now says the state has a seized 170,000 from their bank accounts. If that is true, it should worry us all. The owner, e and the smith, joins me in the 11 00 oclock hour this morning. Next, socialist Bernie Sanders said to chair this budget committee, a move that could dramatically change our country suspending. We will take you through it next. So youre a Small Business, or 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. announcer do you want to reduce stress . Shed pounds . Do you want to flatten your stomach . Do all that and more in just 10 minutes a day with aerotrainer, the total body fitness solution that uses its revolutionary ergonomic design to help you to maintain comfortable, correct form. That means better results in less time. You can do an uncomfortable, oldfashioned crunch or an aerotrainer super crunch. Turn regular planks into turbo planks without getting down on the floor. And there are over 20 exercises to choose from. Incredible for improving flexibility and perfect for enhancing yoga and pilates. And safe for all fitness levels. Get gym results at home in just 10 minutes a day. No expensive machines, no expensive memberships. Get off the floor with aerotrainer. Go to aerotrainer. Com to get yours now. Stuart senator Bernie Sanders is set to become the chair of the Senate Budget committee and Edward Lawrence a joins us from washington. What kind of proposals could he try to push their . Reporter of the senator would push for medicare for all, Free Childcare and forgiving all student debt. He is one of those applauding the stimulus package saying its a good first installment and he will work to provide bold relief in his words. Centers on the budget committee, the head of the committee embracing Big Government and in a tweet senator sanders said he will use the budget reconciliation process to boldly addressed the needs of the working family. That process can bypass the need for 60 senators on a budget item that could be done with a simple majority, so right now it seems a senator sanders is in lockstep with president elect joe biden. Here is biden last night on the need to push through the 1. 9 trillion massive spending plan. The return on these investments in the jobs, Racial Equity will prevent longterm economic damage and the benefits will surpass far surpassed the cost. Reporter you will need to sanders for that cost going forward. The zero and this biden will unveil a Recovery Plan in february with another huge price tag and a sanders with enormous power at the helm of the Purse Strings to navigate democrats to that tax and spending plan. He says its a good first installment. You know that could be code for more spending. One note on the stimulus package, sanders will handle for the president elect, no offsets in the stimulus meaning its pure spending on top of the current deficit. Stuart a lot more spending to come, guaranteed. Thank you. We have another im going to call this a long lockdown reversal chicagos lightfoot says she wants to open restaurants and bars as quickly as possible. What changed . Ashley makes you wonder. The mayor says the ban on Indoor Dining and service has resulted in people engaging in risky behavior in private holding underground parties at hotels, businesses and elsewhere without wearing a mask or say distancing. Mayor lightfoot said reopening bars and restaurants would give people somewhere to go to unwind where Business Owners can enforce the proper precautions. Apparently they couldnt prior to this and chicagos restaurants and bars were forced to halt Indoor Service in late october and as we know many Business Owners say they cannot survive if the rules arent changed soon. Hundreds of others have already gone out of business. Stuart mummy as this, first of all to you, lauren, do you think this kind of reopening move has anything to do with the fact that we are expecting or we are awaiting President Biden, not a continuation of President Trump . Has a change of power had the something to do with this . Lauren in the sense i think many people would assume that a President Biden would be for a lockdown and you can see whether its promo here in new york or lightfoot in illinois saying lockdowns yeah they work because you tell people to do nothing, but they dont work for the economy. People are fed up. If you could rely on on the school or company to do something safely, open it up. We were talking about disney, money moves, money talks and disney is so fed up with the state of california that they might move us some of their operations from their, so if you are really strict businesses and people will not obey it. Stuart you have to open up sometime, do it now. Thank you. Still ahead on this friday show, tammy bruce, florida senator rick scott, Charles Payne will be with us and also steve helton. Look at this, almost a year into the pandemic, that is six avenue in new york city at 10 00 a. M. Deserted. My goodness me. Never thought i would have seen that. More varney co. After this. 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. Serious liver problems can happen. Symptoms include fatigue, appetite loss, stomach pain, and bleeding or bruising. Blood clots that can lead to death have occurred. Tell your doctor if you have pain or swelling in your arms or legs, shortness of breath, chest pain and rapid breathing or heart rate, or if you are pregnant or nursing. Every day matters. And i want more of them. Ask your doctor about everyday verzenio. Aint seen nothing yet what does that refer to . The stock market or joe biden . It is a good song for monday morning and it is 10 00 on the east coast. The big show still ahead. Tammy bruce, senator from florida, gordon chang, cofounder of my space, josh berman in this hour. 11 00 Charles Payne joins us, steve hilton, tiki barber and a lot more. Check those markets, seeing a very modest selloff. The dow is down, nasdaq is down 15. That is not a huge selloff, not huge by any standards. The latest read on Consumer Sentiment, this is a forwardlooking indicator. 79. 2 for january. A little later than expectations were handed down from december when you had the holidays, 80. 7, university of michigan, Consumer Sentiment coming in at a slightly less 79. 2 in january. Still pretty strong, helped the market a little bit. We opened down 200 a half hour ago and now we are down 93, 94 on the dow. Now this. At harvard, a petition is circulating to withdraw the degrees earned by Kayleigh Mcenany and ted cruz because they were prominent supporters of donald trump and his challenge to the electoral college. Aoc wants permission to investigate the media. That is all about shaming journalists who supported the president. Some corporations are withdrawing Financial Support from republicans who supported the president and social media is actively blocking Trump Supporters and conservative opinion. It is an attack on all fronts. This is revenge plane and simple. They are looking back at the last four years at anyone who had anything to do with donald trump and they are canceled and for what . Supporting policies that gave us prosperity, jobs, hiring across the board, Holding China accountable, confronting iran, revenge because of successful policies . No, they dont care about any of this. This is shaming, seeking revenge, guilt by association for anyone associated with the hated donald trump. They want to erase Donald Trumps presidency from our political memory. Above all the consolidation of power in the hands of the left. Shame the opponent, ban their ideas from the public square, ban them from public life. This is happening now. If president elect biden wants to bring the country together he has to end this atmosphere of revenge. The ball is in his court. The second hour of a furious sky the 500year history of americas hurricanes is about to begin. A little bit more on this idea of revenge, retroactive revenge. Listen to what Alexandria Ocasio Cortez said about the president and his supporters. A lot of people drank the poison of White Supremacy and that is what donald trump represents. At this point if you havent recognized that and dont see it maybe you have a lot of work to do too. Stuart i guess we have to be reeducated. Lets bring in tammy bruce, the premise of my opinion piece is that the left wants revenge and they are all set to get it. What say you . I agree with you absolutely but this is also historically familiar, has nothing to do with trump. That is fascism what you just heard from that young woman. She may not know it but this is the nature of what we have seen unfolding countries around the world in the last hundred years and i have to tell you the Silver Lining is it was inevitable in america but what is happening, what trump has made possible is it is out sooner and out at a point where we can respond and do something about it. Anyone who dissents, conservatives, in that video, talking to her own group of people and warning their own base, if you dont agree, you are in trouble as well. This is classic. It is up seen. It is not just an american but antiamerican. It is not a belief held by any majority, even a majority of democrats. This is shocking but they are moving so quickly because they feel they have to. Every day new information comes out about the capital riot and the absurdity of accusing donald trump, part of his family is jewish, grandchildren a jewish, maybe someday the first jewish president will be a trump and they dont like that. Policies, really the first president to elevate every one, close the wage gap, employment for everyone across the board but what shocked the democrats is the democrats under the leadership of trump reached out to the communities that thought they had control of, people of color, black americans, gays and lesbians. This is where if they dont know how to keep those people because their policies are a disaster which unfortunately we will see in the last four years but so all they can do is say we will destroy you if you dare to challenge what we are doing. Americans have a chance to say cooler heads have a chance to prevail. Stuart aoc has a problem with mister bidens stimulus plan, checks need to be 2,000, not 1400, have at it. I wonder why she is being so cheap. Why not 10,000 . Why not 15,000 . Why not 50, 000 . She thinks we want her crumbs more than the Mitch Mcconnell crumbs . This is where the road goes. This is about government controlling your life, just a statement about it might as well be more just like the minimum wage. Why stop at 15. Who are you that you are creating feeling, the perpetuation is. Let me tell you this is a joke, this is what their goal is and it is a disaster. Stuart i need some of your energy and hope to get it someday. Thank you for joining us. Always appreciate it. The markets on the downside, we slept a lot further to the downside just in the last few minutes. The market didnt like the less than stellar Consumer Confidence outlook, we are down 250 on the dow, 80 on the nasdaq, 30 on the s p. Brian belsky is our market guy at the 10 00 hour. Lets start with the financials, most of them are down this morning but you like them. Your picks for 2021. Make your case. Happy new year, we think institutional investors, the Money Center Banks, in 2023, cinematically driven for financial or scale. Those Financial Instruments with the most scalar the Money Center Banks but we like individual business like brokers and asset managers. The result was pretty good this morning and we do think people remain unexposed like bank of america, jpmorgan, goldman stanley, our favorite sitting into 2021. Stuart the bank dip, how about the big techs . Will you be the first person on this show in recent memory to say so big tech . Will you . Know. I would say maintain big tech which is a different call. Given that we do believe we will have potential shutdown in the first quarter, stayathome trade will help the apple machine and another spike in those companies and if you are trader and Portfolio Manager you want to take some profit on the big spike but maintain longer term, the growth attributes to our economy and we want to maintain those positions in the next 3 to 5 years but dont let them get too big. You have to be careful about owning too much. Stuart thanks for joining us, see you again soon. Check the markets one more time. We have slips further to the downside. We are down 300 points. That is the best part of a one drop for the dow industrials. Exxon mobil taking a hit, 5. 7 down, the wall street journal reports the sec is investigating the company for overstating the value of an asset, the key asset is Energy Reserves in texas. Now the stock is down 5. 5 . General motors on track to close at a strong level, just dropped below 50 a share but what has been so good about General Motors in the last couple months . Ashley the darling of wall street analysts because of its Huge Investment in electric vehicles, 19 of 20 analysts rate gm shares as a by, the stock has been on fire up 60 over the past three months, 20 this week although weve seen profittaking for sure. Argus research upgraded stock to set a target price of 56 but it is billions of dollars worth of investment in electric vehicles and scores of vehicles on the drawing plans, argus sites gms strong Balance Sheet, improving Profit Margins and finance unit and operations in china. Overall wall street likes General Motors and what it is doing and where it is heading, it is off a little bit today, taking money off the table heading into the weekend. Lower the price targets well into the mid50s. Stuart take a look at signet jewelers, selling jewelry online, stock is down now but i am guessing going to an online selling, that was a good move. We saw the pop yesterday in the stock. These are preliminary holiday results from online sales up 60 because we bought online, picked up in stores, samestore sales rose 5. 6 so what they are doing, they started to do this before the pandemic, so many locations are in malls, they are closing those so they can be in the right places and beefing up their presence on the internet. If i buy a precious stone or piece of jewelry i want to see it. If you dont want to go to the store to see it they are making the visualization capabilities on the internet pretty good. Maybe you can get the perfect diamond if you buy it online. Stuart that is a classic sign of the times story, move out of malls, go online, let people see visually what they are going to buy. Lets move on to censorship. Dac dorsey says twitters Enforcement Actions will go in the future far beyond just banning donald trump. Listen to this. This is going to be much bigger. It is going to go on much longer than this week, beyond the operation. Stuart the fallout, we will tell you about it coming up. Joe biden planning to rescue america with the 2 trillion stimulus plan. Can the Senate Douglas to was the land impeachment. I will ask florida senator rick scott just ahead. The World Health Organization to investigate in china, i am asking gordon chang after this. Stuart im searching for info on options trading, and look, it feels like im just wasting time. Thats why Td Ameritrade designed a firstofitskind, personalized education center. Oh. Their awardwinning content is tailored to fit your investing goals and interests. And it learns with you, so as you become smarter, so do its recommendations. So its like my streaming service. Well except now youre binge learning. See how you can become a smarter investor with a personalized education from Td Ameritrade. Visit tdameritrade. Com learn so youre a Small Business, visit tdameritrade. Com learn or 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 china putting in new lockdown restrictions as covid surges there. How strict . What are we talking about . These are lockdown for 22 million. Why is that important . That is double the number first put under lockdown a year ago when this started in the provinces. This is the worst flareups and the summer and they want to be sure they can kill it without killing their economy in the process. They also know the Lunar New Year is february 12th and the chinese spend money out and about. This is a wartime effort. Thats how it is being described it is is a much harsher response than last year when they were trying to cover it up. Some are saying this is an overreaction but china thinks it is necessary now. Stuart got that. China is allowing the organization to investigate the origins of the covid 19 in wuhan. They banned two members of the scene before they got there. Will this be a fair investigation . Clearly not. The terms of entry were heavily negotiated. They will only be there a month. Two of that, two weeks in quarantine and china has cleaned up everything of interest. They hosed down the wet market and sent their top bio weapons expert to the institute of virology and i am sure she disinfected the place. They are not going to learn very much. Stuart what do you see in terms of the Us China Relationship in the first 6 months of the Biden Administration . It will be a difficult time. China right now is extremely arrogant. They think they can determine outcomes at the top of the american political system. They are chortling in public. I think they will try to test the Biden Administration. This means very contentious, very choppy, perhaps dangerous. They didnt test donald trump in his early months because they were afraid of him. They are not afraid of biden. Stuart they are laughing at us . Yes they are. November 2, 08, professor chong in widely publicized comments throughout china was talking how china could do whatever it wanted but through wall street, was able to get the white house to do what it wanted in the Obama Administration and earlier periods, so you couldnt do that in the trump. Go because that link was broken but look forward to having the link reestablished on january 20th at noon. Stuart do you think the Biden Administration will cave to china . At least not for very long and a political price to pay but china will be so arrogant that the biden team will have its back against the wall and we have to defend ourselves but this is going to be a time when relations are going to be worse during the Trump Administration because there will be so much fighting between washington and beijing. Stuart north korea showcased what it calls the worlds most powerful weapon. Is that saber rattling . Is it at the instigation of china . They are talking a sub launched missile which is not nearly the worlds most destructive weapon. I think china been helping because north koreas sub launched missiles are derived from chinas jl one sub launched missile. Their similarities are so striking someone has to ask did china turn over the blueprints . No American Administration has gone after china for basically building north koreas nukes for them. Stuart thanks for joining us, very important stuff, appreciate it. Let me break in real fast. We have gone further to the south, i hate to use that expression but we are heading down for the market, down 360 as we speak, that is over one , the dow is back to 30,600. We have some promising Covid Vaccine data coming out of israel. Ashley this is good news. The israeli data suggests covid 19 infection rates began to decrease among a group of vaccine recipients two weeks after they received the first shot of the pfizer vaccine. Is real with a population of 9 Million People is the size of new york city but provided important insights, the country has vaccinated nearly a fourth of its population in just under a month. The data has shown a 33 fall in infection rates among those who had been vaccinated compared with those who had not. The Study Suggests the first dose could reduce infections among those vaccinated as early as two weeks after the injection is given. Stuart good news too. There are more companies saying they would pay their employees to get the Covid Vaccine. Any idea how much companies are willing to pay . I was disappointed. You get a few hours in each case, insta card, 25 stipends, Dollar General will give you four hours of whatever you make if you go and get the shot. Trader joes two hours of pay per dose, that is four hours if you are getting the pfizer or moderna one. They are hesitant to mandate that their workers get the vaccine because they dont want legal trouble but 25 is financial incentive and time off of work to get it, i was disappointed by that. Stuart you wanted more. I hear you. It is a headache to set this up, the appointment and everything else. The company could organize and orchestrate it for you. If you want you can go here and get it just like that. Stuart through but they are doing something at considerable cost to the company to get the thing moving and i would applaud that anyway you slice it. Prosecutors revealing capitol hill rioters or at least one of them plan to, quote, capture and assassinate elected officials. We have disturbing details just ahead. Joe biden unveils his 2 trillion rescue plan. Senator rick scott, republican florida, takes that on 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. Keeping your oysters business growing 50 years or older . Has you swamped. You need to hire. I need indeed indeed you do. The moment you sponsor a job on indeed you get a shortlist of quality candidates from a resume data base claim your seventyfivedollar credit when you post your first job at indeed. Com promo announcer do you want to reduce stress . Shed pounds . Do you want to flatten your stomach . Do all that and more in just 10 minutes a day with aerotrainer, the total body fitness solution that uses its revolutionary ergonomic design to help you to maintain comfortable, correct form. That means better results in less time. You can do an uncomfortable, oldfashioned crunch or an aerotrainer super crunch. Turn regular planks into turbo planks without getting down on the floor. And there are over 20 exercises to choose from. Incredible for improving flexibility and perfect for enhancing yoga and pilates. And safe for all fitness levels. Get gym results at home in just 10 minutes a day. No expensive machines, no expensive memberships. Get off the floor with aerotrainer. Go to aerotrainer. Com to get yours now. Stuart check the markets. We looking at the downside move, 328 points on the dow. In opposition we are often called to come up with the reason of the day, i will tell you this. At the top of the show we have two wellknown market analysts warning us about the possibility of a correction, a selloff in the nearterm. That has upset investors. I will show you some of the losers, Goldman Sachs is down 3 , chevron down 3 , energy and the banks taking it on the chin. S p loses. What are they . Wells fargo is way down and that is down 7 . Those are the losers. How about some winners . Home depot, visa, mcdonalds, there are dow stocks, all of them on the upside, not huge gains but they are waiting in the s p winners headed by kroger. Two items in focus, the trump impeachment and bidens agenda. Senator rick scott, republican from florida joins us now. Welcome back to the show. Can the senate handle impeachment and the biden Stimulus Program at the same time . First off on the impeachment, just a political vendetta. Why dont we focus on what people need . We need to take care of our families, Small Businesses, and what the next four years will be like with what biden put out, 2 trillion on a program we spent, people lost their jobs or Small Businesses, it is a political payback. People left new york, you came to florida, biden wants border taxpayers to get the excesses of cuomo and newsom in california, joe biden is not bringing unity. He says he is that he is not and the first packages, 2 trillion when we dont have the money, not targeting people who need it. I want to help people who need help. I think he will have a frustrating start. Stuart i want to talk censorship, one of the major issues of the day. Big tech is actively blocking and suppressing mister trump and conservative opinion. What are you doing about this . Twitter is the platform for dictators and thugs. The ayatollah can talk about eliminating all the jews and getting rid of israel. Maduro can talk about the genocide of venezuelans, and they are all fine on twitter but conservative cant be on their. If you take that position, be a publisher, i dont know how you keep your 230 exemption. It is clearly an issue, twitter is making a big mistake, and by the way, why do they take our personal information and use it to sell it to somebody else. Why are they allowed to do that . Censorship takes no sense, taking my personal data, i will do what i can to stop it. Stuart how is florida doing . Local news in florida shows pictures of long lines of cars and people waiting to get their shots, there is a degree of frustration. What do you think . We have given florida just under 2 million doses. Everyone is working hard. My wife took a friend of hers who is 94 to get a vaccine yesterday. People are frustrated. It is not going to be great until everybody gets there vaccine but the other side of it people are excited they got the vaccine, businesses are open. People are flocking to florida. I travel on the east coast of florida the last four days. It is busy, the hotels were busy, restaurants were busy, people were coming down here because we are open for business in contrast to new york. Cuomo wants us to give him money but doesnt want open up his economy, makes no sense. I will do what i can to make sure the vaccine gets out to everybody we can. I know people are trying to do that but weve got to get this economy going again and help people who are unemployed and Small Businesses, that is what is important to me. Stuart senator rick scott, thanks for joining us, see you again soon. Federal prosecutors have filed a shocking new assessment of the capitol hill riots. What are they saying . At least one of the defendants intended to capture and assassinated elected officials. They point to a q and on supporter who said justice is coming for you, a message to mike pence. Another defendant plans to take hostages. In all the fbi has identified 200 suspects, bringing criminal charges to at least 80 of them who acted violently on january 6th and once again looking at pictures of that dreadful day. Stuart and looking at them for a long time to come. California democrats want to raise taxes on businesses and use the proceeds to tackle the homeless crisis. California guy steve hilton calls that move corruption at its worst and will explain that. Andrew yang launching his bid to be the mayor of new york city and based it on a universal basic income program. We have a live report on that. Your daily dashboard from fidelity a visual snapshot of your investments, key portfolio events, all in one place. Because when its decision time, you need decision tech. Only from fidelity. These days, its okay to do some things halfway. But taking prescriptions shouldnt be one of them. So cvs has a proprietary search tool that looks for savings. Plus free delivery. Get a free prescription savings review at cvs. Plus free delivery. I have the power to lower my blood sugar and a1c. Because i can still make my own insulin. And trulicity activates my body to release it like its supposed to. Trulicity is for type 2 diabetes. Its not insulin. And i only need to take it once a week. Plus, it lowers the risk of cardiovascular events. Trulicity isnt for people with type 1 diabetes or diabetic ketoacidosis. 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 nausea, diarrhea, vomiting, belly pain, and decreased appetite, which lead to dehydration and may worsen kidney problems. I have it within me to lower my a1c. Ask your doctor about trulicity. Stuart still on the downside, we are down 300 points, down 30, plenty of red ink. Andrew yang said if he is elected mayor of new york city, and he is planning to run, he will launch a universal basic income program, 2,000 a month. Christina, new york is already heavily in debt. How will they pay for this . Reporter that is the question. I havent received an answer yet. What andrew yang wants to do is provide a scaledback version of universal basic income for those most in need, almost half 1 Million People, receiving roughly 2,000 5,000 a year. The program is expected to cost at least 1 billion. It is expensive not just for new york across the country, metropolitan cities are reeling from budget shortfalls, high income earners leaving to lower taxed states. The budget shortfalls are expected to be 5. 3 billion according to mayor diblasio which is why you have some opponents of universal basic income, a handout. This is a collapse of the economy. How we bring that economy back to new york city, may not necessarily need it. Reporter he has some support, the Federal Reserve bank, basic income is a conversation we need to half. President biden released a stimulus package including an increase in checks for americans. The question is how to pay for it. I asked to this to yangs camp. The details of how they plan to pay for it. Stuart any day now. Thanks for joining us. A new analysis says businesses could save billions of dollars if workers partially tell a communicate, partially work from home. How much would businesses actually save . Ashley 500 billion according to Global Workplace analytics. When we implement a hybrid work model where employees alternate the home and office after the pandemic ends, slaving per worker of 11, 000. 1 million fulltime employees with remote work capability, on an average of 2 and a half dollars a week. Increased productivity, says the report, reduced real estate, absenteeism and turnover cuts, save an average of 3,000 on commuting costs. Stuart now this, every 16 unemployed workers there are just ten job openings. Tell me more about this. Job shortage and contribution is fierce. Right now Industries Like leisure and Hospitality Services slammed. To those jobs come back . Hopefully but if you are unemployed and looking for a job it will be tough to find one and be able to get it. Stuart do all those jobs come back . My answer is no, they dont all come back. Some yes. A lot of Companies Pay 50 minimum wage. Stuart well said. You jack up the cost of labor and youve got a problem right there. Lets take a look at petco, stocks are down today but they skyrocketed yesterday when their ipos appeared. Give me more on this. Ashley petco shares open at 26, 44 higher than the companys ipo price of 18, as it cashed in with the pandemic surge, the money use to cut the companys debt in half and allow it to focus on expansion. For used goods on the market, and surging 140 , the offering price is 42 but stock opened at 97. 50, more than the offering price but today some money coming out of it down 12 more than the upper price at 89. Stuart dave for toys Barstool Fund opening another business to keep the doors open. How are you . How are you . Feeling okay. The yankees, dont know if anything has happened. See if they keep it. Stuart that was a pleasant surprise. Jack dorsey says twitters Enforcement Actions far beyond banning donald trump. We have a leaked video and reaction from myspace cofounder josh berman. 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. Turning 65 . Leaseat aetna, is 300 for 35we take a total, months. Connected approach to your health and wellness to help you age actively. With Medicare Advantage plans designed for the whole you, we offer monthly plan premiums starting at 0. Hospital, medical and Prescription Drug coverage, in one simple plan. Plus dental, vision and hearing. Aetna Medicare Advantage plans. 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. So youre a Small Business, or 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 now this. Leaked video shows twitters jack dorsey telling workers how far he will go with censorship . Twitter Ceo Jack Dorsey suggesting policy Enforcement Actions go beyond banning donald trump. It is more that recording. Take a listen. It will go on much longer than the next few weeks beyond the inauguration, longer term and how these dynamics play up. Ashley it is disturbing because you wonder what is going to happen next. Dorsey says the us is extremely divided and the twitter platform shows that every day and says, quote, our role is to protect the integrity of our conversation and do what we can to make sure no one is being harmed based off of that and that is our focus. The secretly recorded clip was provided to project their at this by one claiming to be a whistleblower inside twitter. Twitter responded to fox news today saying remarks showed the video is delivered to 5400 employees and nearly the same words jack shared in a recent tweet thread offering context to protect the conversation in recent weeks. A garbled explanation but disturbing when you think what further censorship could be coming down the line. Stuart free speech is on the line. Facebook and twitter were big names and social media. There was myspace and the cofounder of myspace joins us now, josh berman. Lets get at it. What is your take on twitters decision to ban the president and maybe more conservative opinion . First and foremost, we started myspace 20 years ago, it is about freedom of expression, ability to express yourself how you want and what facebook, twitter and the other social media sites are all about. That said, there are rules. Tolerate hate crimes, none of us tolerate people breaking laws or inciting crowds. Stuart i am not prepared to accept jack dorsey or Mark Zuckerbergs definition of hate. Why cant i decide for myself . Exactly right. It is not up to the ceos or the board of these companies. What has to happen is they have to have an independent thirdparty board that looks at all these activities that is reasonable and the public knows who is on these boards, swiftly act when there are opportunities to entice violence, hate crimes or clearly breaking laws and it is gray and will get better and better. It falls on the hands of jack or mark. It has to be a board everyone is comfortable with, over time they have to act swiftly. You cant have government doing it or the ceo or board of directors. I think it will come and has to happen fast when things like this pop up on this site. Stuart i will leave that subject and move on to you as a market guy. You are involved in some of the ipos we are seeing recently. Obvious question. Is it a bubble . Sure seems like it. And ipo bubble. Great question and two great examples, firms doing great things. What you are looking at, companies were forming engine six months going public and jumping 100 percentage points. These are seasoned companies which you look at air b b, companies that have been around for a long time, they have proven business model, they are market leaders and they are incredible companies to watch. 20 years ago we had apple was very small, google with very small market caps but what happens is the market is overvalued and it will come down, there is Amazing Technology leaders. Im looking at the private world and Companies Like space x and Archer Aviation that will transform, flying ubers. These companies will get public and shine over the next several years. Stuart it is up to us to pick up the tools and we have got to pick up the jewels and avoid the fraud and that is up to us. Thanks for joining us. Big thumbs up, appreciate it. Another big hour of varney and Company Still to come. Dont miss friday feedback coming up and how democrats propose to take the money you made in the stock market. Outrageous. That is the theme of my take which is next. Voya doesnt just help me get to retirement. Theyre with me all the way through it. Voya. Be confident to and through retirement. 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. Can you imagine 24 hours without heartburn . Youre going to have to figure out how we rain and on our media environment. Not just unamerican its antiamerican. All they can do is say we will destroy you if you dare to challenge what we are doing. The reason why twitter and facebook continue to act this way, theres no legal repercussion for censoring conservatives from halting First Amendment rights and halting speech. Some of the companies coming public are very Good Companies but the valuations are outrageous and there will be repercussions down the road. The good news adding public, the bad news they will have to work off the speculation. I believe a correction is coming. The market is overbought, now is the time for caution in the market. We do believe we will have a potential shutdown for mr. Biden in the first quarter, we believe the stayathome trade will have one more big spike and that will help the apple machine, the google, netflix. Stuart we used to say this on most every day, look at times square, its empty, we say net for the most part of the year, time square is still empty, this is new york city on friday january the 15th, look at the white house. There is a report that President Trump will leave d. C. On the morning of Inauguration Day and hold a farewell event at joint base andrews. Meanwhile 20000 National Guard troops are expected to patrol d. C. For the inauguration. That is about four times more than the number of u. S. Troops currently serving in you iraq and afghanistan. Streets and metro stations are already close. Lets have a look at your money a few days before the inauguration and the day after the 1. 9 trillion covid stimulus plan, we are down about. 8 on the dow, 247point, down on the nasdaq and down on the s p as well. Now this. Have you made money in the stock market . Probably, the dow is at 18000 when trump was elected, it is above 30000 now. A lot of people have done very well by letting their money ride, stained with her investments year after year, the way things are now, you pay no tax on your gains until you sell, watch out because the Incoming Democratic administration wants to take some of the money that you made in stocks every year, not just when you sell. Ron wyden is a likely chair of the Senate Finance committee, and a briefing with reporters on january the 13th which receive very little publicity, he outlined the plan to change radically that taxation of investment income. You would pay Capital Gains tax every year, you would not be able to defer the tax. Suppose that you invested in tesla, you probably made serious money, well done, you may want to keep your investment let it ride, let it grow over the years. But wydens plan would change that, whatever you gain you made on tesla in any given year would be taxed every year. The democrats are determined to take a lot of the money that you have made in the stock market, it amounts to complete 180 in the way that we taxed investment income. It amounts to the legal seizure of wealth. It would surely have a profound impact on the way we all invest for the future. It is not a done deal by any means. It would be hard to get the radical idea to a narrowly divided 50 50 senate. But is a very good indication of what tax policy is going. They want your money. No matter how you made it. The third hour of Varney Company is about to begin. Stuart charles come on in, Charles Payne that is, you heard what i had to say, has a profound impact on the way that we invest for the future if they do this, what say you . I agree with that 100 but i think its much deeper than them just taking the money. There is something here that is fighting against an native american spirit of doityourself wisdom, pulling yourself up by the bootstraps, being able to achieve independent success without the government. This is their way of beating down aspirations, this is their way of keeping everyone in line, think about 2020, a couple of real interesting phenomenons happened last year. 70 put under a doityourself umbrella we want a greater independent control we moved out of apartment and went in our own homes, there was a shortage of mason george, people preserve their own food. People said i do not want to take uber i will buy my own truck. There was an independence where you saw tens of millions of people say i want to be part of the market but i wanted to them myself. All of these things go against a Big Government that thinks they know better than you, the independence of thought is what is scaring the more than anything else and what helps fuel that, somebody can go buy a tesla to your point and buy it to 100 then it goes to 700, and if you take into account a split, they feel independence of a freedom that the government, some people in this government do not want to see, they fear that more than anything else. How do you curb that every single year that you punish someone for having the audacity to do this alone. This one covering mutual funds, i would discover the individual investors who want to go up and do it themselves and enjoy some prosperity. That price parity would spark a scene of independence that would go against anything else they are preaching. Stuart you want to do well, if you do well that take some of it often b. I dont get it that is unamerican in my opinion as a newly citizen. Those move on to joe bidens 1. 9 trillion stimulus plan, do you think the economy needs at mattel . Its a good crisis, why let it go to waste. Im kind of shocked i thought we would see 2. 5 trillion, i am kind of surprised. I pressed for more funding, i thought President Trump was right on when he said 2000 for people who need it, obviously it had to be tested, all the Economic Data in the last two weeks confirmed that the vshaped recovery has run out of steam and people are hurting, 500,000 people in the Leisure Hospitality industry lost their jobs last month. We sell retail sales fall off a cliff. We had a big spark, we were able to get back to what we were with them an unfair momentum that we had february last year when the Federal Reserve and the federal government acted quickly i thought it shouldve been 2600, some of this other stuff we will not reward states for the economic malfeasance and letting them and allowing them to use the painandsuffering of covid and their own joe crowley all lockdowns as a disguise for what is the payoff for mismanagement. I dont think anybody think thats fair. A little bit more to have for the probably goes through, the biggest part of it the 1400 additional dollars will go through. Stuart yes it will, definitely, thank you for joining us we will watch you at 2 00 oclock this afternoon. Making money with Charles Payne on fox business. Now this, congresswoman aoc, alexandria conseil cortez wants to set up a commission to combat when she calls media disinformation. Watch this. Were going to have to figure out how we rein in our media environment so you cannot dispute disinformation and misinformation. Stuart how we rein in the media, how we stop this information according to who, steve hilton i forgot to introduce you, that is steve hilton on the show, what do you say . What she is literally calling for his statement media, what is really chilling this is the latest example of the democrats drift towards authoritarianism, the fact that youve got people in the media on cnn, msnbc, cheering this on, supporting it agreeing, though the useful idiots in the scenario because theyre fine with media that they do not agree with be ingrained into user language. You and i talk about our backgrounds as immigrants from uk to the america, why we love america so much. My parents originally immigrated to the uk from hungry, communist hungry, that is where you had this thing in operation. Not just in communist hungry, one of the favorite targets of the left these days is the current leader of hungry who was also stop the free media from operating. He is also raining and the media just as aoc wants, she is turning into the victor over him of america. Stuart amazing, how do we let this happen, how do we arrive at this point where you have members of congress saying we just have to rein in the media. It is absolutely frightening, here is something else. Your are california guy so this is being thrown at you, democrats in california want to tax hikes the business is in use the proceeds to pay for homeless programs. I think you call that corruption in the extreme you want to make a case customer. The amount of money that is looking to raise with this particular tax is the latest in the long line, 2. 4 billion, another number we can look at 4. 9 billion, twice as much, a little bit more than what they want for homelessness. The 4. 9 billion is just the amount that calculates their pay just for luxury healthcare. Healthcare on top of what everyone else gets to cover california. 4. 9 billion. If they got rid of that they would not need to raise taxes part. They will not get rid of that, those unions give money to the campaign. It is all totally corrupt. If you multiply that with all the government unions in california and all the extra perks and benefits that they get, you would not need all the tax increases. You could massively reduce taxes which is what we need to see to get californias economy going again. Stuart the same old story week after week, california is falling apart. Thank you for joining us, im going to watch you sunday night 9 00 p. M. Eastern on the next revolution. That will be on fox news. Thank you very much. Now take a look at this, a Baseball Card 1952 became the highest selling sports card ever. We tell you how much it went for, you will be amazed. Fastfood world walking off the job, at least some of them demanding more from a 15 an hour federal men melt under minimum wage into unionize. First you remember the new jersey jim that was fined 15000 a day for not requiring masks, the owner of the gym says the state has taken more than 170,000 from his bank account. They just took it out of the account. More on that coming up. Dream on, dream on dream until your dreams come true so youre a Small Business, or 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. announcer do you want to reduce stress . Shed pounds . Do you want to flatten your stomach . Do all that in just 10 minutes a day with aerotrainer, the total body fitness solution that uses its revolutionary ergonomic design to help you maintain comfortable, correct form. That means better results in less time. And there are over 20 exercises to choose from. Get gym results at home. No expensive machines, no expensive memberships. Go to aerotrainer. Com to get yours now. Stuart president elect biden plans to prioritize Climate Change that could spell trouble for farmers, Hillary Vaughn joins us from virginia, what do the farmers have to say about all of this hillary . They are bracing for a return from the obama era epa regulations and fearing that much more under president elect biden will be in store, under obama many faced experienced massive federal overreach under the clean water act that essentially tried to make sure that pollution did not make its way into waterways. But under president obama that effort was on steroids, many farmers say and put puddles on the epa watchlist for pollution. When an administration comes in and says were going to clean up the water, we will put these regulations in and now we will regulate the puddle as opposed to actually putting good buffers and incentivizing folks to do good practices, it is a scary thought. I talked to another dairy farmer this morning who tells me hes not opposed to regulation to protect Drinking Water and limit pollution but he needs the government to pay for it. The government cover 75 to install fencing, cut cows from drinking freshwater and instead build water wells that farmers build to let the cows get water but if the government stops doing that, they tell me its going to hit the industry very hard because the Profit Margins are very slim. Stuart got it, Hillary Vaughn, thank you very much indeed. The gym in new jersey has been locked in a bitter fight with officials over the owners defiance of lockdown orders. Now another turn, another twist in the story. Owner ian smith says the government has frozen over 173,000 in the gyms bank account. He is with us now. They have frozen your assets, now what . Are you going to fight this to the bitter and even if it means going to prison or permanent bankruptcy . We are prepared to fight this until the very end. The fight that we took up was not only for jim but for our constitutional rights, they shut down especially in new jersey but all around the country, none of these governors ever provided any clear and concise data that show Small Businesses are any more of a threat to the public than walmart. We will continue to fight this all the way through, we have an active lawsuit against governor murphy and kelli demanding more from evidence. We will continue to fight by any means necessary and we will continue to fund raise and keep going at them no matter what. Stuart they have frozen your bank account, i think theyve seized your bank account, im not sure whether they frozen or taken the money, wasnt that money supposed to be for your Legal Defense . Now you do not have money for the lawyers. Have they overstepped their authority . In my opinion, absolutely. We do not charge members, we have not charge members a single dime since april 1 of last year when we were ordered to shut down we run entirely off of donations in the gym through gofundme through teacher and apparel sales, that money was earmarked as defense money, it is a clear violation of our constitutional rights, interfering with our right to counsel and were actively in the appeal process for those. It is in my opinion that the absolutely overstepped their boundaries. Not to mention the fines as stated by the law are meant to be a skiing, punitive sting. These fines are not punitive. 15000 a day to a gym that was open for a month before covid and has not been open for two years and has that charges members in ten months. That is not a punitive measure. Governor murphy and the judge are actively trying to destroy the businesses. Stuart there making an example of you, there making it real bad for you so anybody who does anything like that is going to suffer the same consequences so they do not do it. Absolutely but there overstepping their bounds and was going to happen, once we get out of the new jersey state courts and out of judge roberts who is completely out of control with these fines once we get in front of a judge to respect the constitution and understand the ordinance appropriately these fines will all come back and they will pay for their overstepping. Stuart you want to find that they blubbered in the money that they have taken, you think eventually you will get it all back, any damages, will you get anymore back . We will pursue that when we get there, right now theres ongoing litigation in the case of the fines in the 80 municipal and criminal summons and the unconstitutional revocation of her business license without due process. In the nature of the shutdown we will be suing for damages. Stuart i think you will be washed all over the country, thank you for joining us we appreciate it always. The best of luck to you. Check some individual stocks, we have zoom, the videoconferencing dies, zoom is the word, they just been named the 2021 top stock picked by big Investment Firm that will be bernstein, the stock is at. 75 . Delta, the ceo says they place more than a hundred people on the nofly list for refusing to wear facemasks. Theyre taking steps to boost security over the next couple of weeks as we head toward inauguration. That would include banning handguns and checked luggage on flights to washington, d. C. Jeff bezos now has a date for when he hopes to fly passengers into space on his blue origins rocket. I thought this was way out there in the future, years ahead. Is it, what is the date . Ashley according to one report early to mid april, can you believe . Its a little unclear, blue origin the Space Company owned by jeff bezos completed the 14th test flight of its new rocket booster and captured this week according to another Financial Network blue origin hopes to launch the second test flight within six weeks or by late february and then the first crude flight, six weeks after that which means by early april for what is unclear is whether the april target is just for the crew for whether it includes space tourist conceivably it could the rock is designed to carry people to the edge of space, an altitude of 340,000 feet after several minutes in 0 gravity floating around the capsule returns to earth. Im not sure how much the ticket is but this seems to be on a real fast track, fascinating. Stuart april, thank you very much indeed. Tesla, lets bring them up, tesla losing ground in the european car market. That is new, what is the story. Lauren is a big deal because for most of 2020 europe sold more evs in china did, sure you have respectable analyst wedbush calling the heart and lungs of tesla, that is true there so bullish they think tesla could go to 1250 but europe is equally a big deal and this is a warning that comes from saxo bank, they say tesla is not among the test selling vehicles in europe when you look at ev they are losing to rivals, volkswagen, hyundai and countries from germany to france start to ban gas powered cars its important to know what evs, european consumers are going to buy and tesla is not among those popular in this big market. Stuart is the first time we heard that in a long time, tesla not in the lead. Former baseball star, he claims his Health Insurance policy was canceled because of his pro trump social media post, details on that coming up. The super bowl iii weeks away, former giant star tiki barber tells me who he thinks will win it all. He is next. We will rock you 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. Serious liver problems can happen. Symptoms include fatigue, appetite loss, stomach pain, and bleeding or bruising. Blood clots that can lead to death have occurred. Tell your doctor if you have pain or swelling in your arms or legs, shortness of breath, chest pain and rapid breathing or heart rate, or if you are pregnant or nursing. Every day matters. And i want more of them. Ask your doctor about everyday verzenio. Research shows people remember commercials with nostalgia. So to help you remember that Liberty Mutual customizes your Home Insurance, heres one thatll really take you back. Wow whatd you get, ryan . Its customized Home Insurance from Liberty Mutual what does it do bud . It customizes our Home Insurance so we only pay for what we need and what did you get, mike . I got a bike. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Hey frank, our workers comp insurance is expiring, should we just renew it . Yeah, sure. Hey there, Small Business owner. Pie insurance here with some sweet advice to stop you from overpaying on workers comp. Try pie instead and save up to 30 . Thirty percent . Really . Get a quote in 3 minutes at easyaspie. Com. Wow, that is easy. So, need another reminder . No, no no, im good. Uh, yes please. Oh. Ho ho ho, yeah need workers comp insurance . Get a quote in 3 minutes at easyaspie. Com. Stuart happening now the moment the new york mayor bill de blasio warning the city will run out of vaccines next week. Hes in the middle of a press conference as of now, we are monitoring and will bring you headlines, we dont know who if anybody is blaming for the running out of vaccines but this is part of the vaccine mass that is felt all across the country. Now this were getting ready for a huge weekend in football, the divisional playoffs kickoff tomorrow, the perfect guest tiki barber, great to see you. Lets start with the weekend games, i want to know whos going to win lets start with saturdays games, first of all rams versus the packers. What you dont know is that i am a packers supporter. I like the way the team is owned. Apart from that, whos gonna win. I see the ownership by the city so to speak and by green bay there the number one seat, i like the Green Bay Packers because they are at home but there also going up the number one defense in football with the rams and aaron donald who won multiple mvps, defensive mvps on that side of the ball. This is going to be a fun one, aaron rogers, the packers quarterback is likely going to win the league mvp, so top offense versus defense all go with offensive leading these days. Stuart ravens and bills, the bills in the playoffs for the first time in 20 odd years or Something Like that, who is going to win. Bills mafia is going crazy up there in buffalo. But theyre taking on a team with the former mvp, last years mvp, Lamar Jackson two weeks ago rushed for 400 yards. The ravens are the visiting team and had to get by tennessee last weekend. I like the ravens on the road, the bills are good they won the division with the patriots falling by the wayside without tom brady for the first time in a really long time but they have a play good football lately. I like the Baltimore Ravens going into buffalo in winning that game, the five seats i think they will be the bills. Stuart lets go on to sundays matchup grounds versus chiefs, i noise Kansas City Chiefs over the life of me i cant remember where the browns play these days. Which city are they. Cleveland, cleveland was worse than the buffalo bills. Its been 26 years since theyve had a playoff victory. Here they are they beat the steelers last week, this is a tough climb with the browns. The kids a city chiefs are the defending super bowl champions, they wanted the best in the highest paid player in the nfl and Patrick Mccombs who won the super bowl last year then vp league two years before that, i think there will be too much firepower. Its a great story for the browns who finally got it right in cleveland but i think the chiefs are going to be too good for them. Stuart Tampa Bay Buccaneers versus the saints. I made a mistake, did you catch that. You said it right, Tampa Bay Buccaneers. Stuart who wins. This is an odd game because this is the third time that they will be playing, these two teams are in the same division and when the teams played three times in the nfl season its hard to game plan against because you seen everything twice, the saints have dominated the early they 172 26 collectively over the first two games. Theory would be the saints have the advantage but tom brady is tom brady and what to get in the postseason even though we found a new team, i think the buccaneers will find a way to beat the new orleans saints. This is the third time, the third time is always a charm. The hes in a new place for the first time in 19 seasons i want to see him get it done in tampa actually will be in new orleans but i want to see the buccaneers get it done. Stuart just remember that under this a packers will take it all. I want to talk baseball, the Baseball Card sold for fivepoint to Million Dollars 15 years ago i think was about 200,000 per what do you make of that, that inflation . Its an exploding market and Baseball Cards and football cards these days, your scene and tickets, a lot of interest in this space when there is rarity. Its why tickets have become a big deal, theres only however, many tickets to a game, 60000 70000 saints nfc championship game for whatever year, theres only 70000 so theres scarcity. When you have scarcity like a nikki mantel card that goes for 5 million its because theres a lot of people that are desiring in order will continue to accelerate. I think its asinine to pay that much money for a Baseball Card or a football card but people are doing what they want to do with their money. I cannot complain. Stuart dont forget, liverpool, sunday morning at 1130 eastern, out of time. Tiki barber thank you for joining us. Thank you, see you soon. Stuart former world series champ coach says his insurance was canceled because the social media post. Give me the story. Ashley i see tiki did not pick liverpool, you would not go on a limb on that one. He is an outspoken conservative for a big supporter donald trump, he is accusing insurance giant aic of canceling his policy because of his social media profile. Schilling went on to say it is not a oneoff saying this in his words is a coming storm, this is the future he says of the nation if democrats are allowed the power they fraudulently came into, its unclear what may have led aig to cancel schillings insurance, he never made a claim in 17 years but reports it may have been one of schillings twitter post on the day of the u. S. Capital riots when he said the protesters were fighting for rights, democracy and the end of government corruption. His twitter handler is president elect coach schilling. Stuart thank you very much, lets move on to mark cuban, he is a billionaire, getting into the pharmaceutical game, what is he doing. Lauren hes making drugs, small number to start, 100 different generic at the end of the year. He will do it at the lowest cost possible in one example is a drug called albin does all it treats outbreaks, heres the point, the list price is 225 per tablet, he is selling it, cost plus drugs. Com for 20 and says if you have insurance it is 1 dollar, 225 to 1 dollar. Plans to build a factory next year. The price of drugs is starting to come down. Stuart thank you very much lauren, moving on. Peter mcmanus cafe operated for the same family for 24 years. Covid threatened to close it forever that is until the fund stepped in and saved him, the companys owner joined me next. Heres a look at the empty times square almost one year into the pandemic. Its been like that for 11 months. Amazing. 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. Dave how are you. Good how is it going how are you. How are you doing. The yankees is something on the red sox fan i dont know whats happening. Keep it. Thank you. Youre welcome it was an easy story to root for and get behind. We are glad we can help. Stuart isnt that cool that was barstools leading the cafe in new york city letting him know that they made it into getting money from the Barstool Fund. The coup is here just the mcmanus owner of the cafe. First of all, congratulations and did you find out when he called you on that video . Is that how you found out . Yes that is wrong and true. Im glad i picked up a random facetime from a boston number i did not have in my phone but it was all pretty quick, and change the application process on the Barstool Fund but it was really we applied and put it in late sunday night, maybe one or two in the morning and i got the call 5 00 p. M. That same day. It was really, really fast and incredible. Stuart how much are you going to get from the fund and is it enough to save your cafe . That i dont know for sure yet, i know that they said were here for you and we have you covered and knock on wood im hoping that is the case, i think a lot of great things about this fund compared to a traditional grant instead of it being a onetime lumpsum they said they want to be there with you each month in moving forward until this pandemic is over or until we are seeing numbers like we were before so im not needing extra help. Stuart you have a great story to tell. I did a Little Research into the mcmanus cafe, wasnt founded by your greatgrandfather who won two purple hearts in world war ii . Did i get that right . My great grandfather is Peter Mcmanus and he did start our family business. It was my grandfather james senior that was in world war ii and got the two purple hearts. Stuart a great family history. You are in business for the foreseeable future no matter what happens youre staying in business in new york city, correct . Correct, the mcmanus, we boys been fighters, our family crest is honesty and bravery cannot be conquered, weve always had that we will fight to the end and besides for the family legacy and me thinking about what my family has gone through before me we had to say before our employees in the community. Stuart you have a very, very compelling story and were really glad to hear a friend of this program helped you out. That is good stuff. Justin, congratulations and i hope you stay in business forever. Good stuff. Some fast food workers nationwide walking out today, they want 15 in our federal minimum wage, jeff flock is in chicago, come on jeff wanted that hurt the Restaurant Business during the pandemic, 15 an hour . I suspect that it would and that would take effect immediately and although i heard you say earlier you think has a good chance of passing, probably the way the laws get enacted it takes a while and so it would not take effect right away perhaps during the pandemic noting multiple states are increasing their minimum wage, your to have a 15dollar minimum wage in new york city which tends to make sense and a high dollar place like new york city but the state increased its minimum wage, multiple other states doing so as well but youre right small Business Owners tend to be opposed to this, the Job Creators Network put out a statement saying its the worst part of president elect Biden Economic proposal, the worst time possible to burden job creators with this job killing mandate. Also some people think ed mcdonald go to more robots we talked with mcdonalds worker in kansas city who said he is not worried about that. Going to automation or robots would save money or anything of that nature where they can make more profit, they wouldve done it already, we know the value of the human workforce, our ability to get the job done. 7. 25 has not increased over a decade. Stuart you say it so pointedly, mr. Varney, were on opposite sides of the fence on many things in this one included. Jeff flock you are all right, enjoy chicago over the weekend. Everybody light relief coming up, friday feedback after this. So youre a Small Business, or 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. [ sigh ] not gonna happen. Thats it. Im calling kohler about their walkin bath. My name is ken. How may i help you . Hi, im calling about kohlers walkin bath. Excellent happy to help. Huh . Hold one moment please. [ finger snaps ] hmm. The kohler walkin bath features an extrawide opening and a low stepin at three inches, which is 25 to 60 lower than some leading competitors. The bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. Kohler is an expert in bathing, so you can count on a deep soaking experience. Are you seeing this . The kohler walkin bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassage. Everything is installed in as little as a day by a kohlercertified installer. And its made by kohler americas leading plumbing brand. We need this bath. Yes. Yes you do. A kohler walkin bath provides independence with peace of mind. Call for 1,500 off your kohler walkin bath. Visit kohlerwalkinbath. Com for more info. Research shows people remember commercials with nostalgia. So to help you remember that Liberty Mutual customizes your Home Insurance, heres one thatll really take you back. Wow whatd you get, ryan . Its customized Home Insurance from Liberty Mutual what does it do bud . It customizes our Home Insurance so we only pay for what we need and what did you get, mike . I got a bike. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Stuart some people look forward to this im not sure ashley, lauren or susan or myself to because the awkward questions. Im sorry to say susan is not with us today but ashley and lauren lined up. The first one comes from gym harrington on facebook, he says i wonder why you folks are so interested in tesla. I do not think you folks even drive. Is it only money . Actually, that is yours. Ashley tesla is a remarkable story and so is elon musk, whether you like him or hate him, you cannot deny his impact on the electric vehicle industry and entrepreneurship itself, look at the stocks skyrocketing. The intention is warranted and i do drive i dont drive a tesla however. Stuart do you drive warring . Lauren i thought ashley was saying he drove a tesla and i was so impressed. I do dry but i dont drive a tesla, i drive quite a bit actually. Stuart im very interested in tesla, i dismissed them at first but the worlds richest person and that is worthy of him being followed. Next comes from twitter, you are like watching good friends discussing important issues. Are you all good friends off camera . Like most shows, relationships stop once you leave work. I got an answer to that, in the age of the pandemic and keeping social distance i really regret to say i have it pop dies on facetoface with ashley or lauren in at least ten months, i am sorry about that. Would you like to get together with me lauren first of all would you . Lauren i would love to actually. But ashley and i do correspond quite frequently in fact, sometimes we talk about you in our Text Messages to one another during the show stuart and sometimes we dont. Stuart i know you do, should we move on before you bury yourself. [laughter] stuart leo deluca says this a few months ago you said you did not like led zeppelin. I was wondering if you liked the kings is that what thats playing, so tired, so tired of waiting for you, i bet you there are three quarters of her audience that ive never heard of the kinks. You like them ashley . Ashley how about lola, Everybody Loves lola, they formed the band and went on to influence a lot of other bands. Stuart lauren has never heard of them right lauren . Lauren but i know why led zeppelin is called led zeppelin, do you . Stuart no, tell me why. Lauren in the early days someone was watching them and said this band is going to fall like a led zeppelin, and prove them wrong. [laughter] stuart that is good. Lets go quickly tony, weve all had those important noble memorable moments when all goes wrong in front of god and everyone else, would you and your onair staff like to share some funny ones . No but lauren, you are first. Lauren when things go wrong onair, is not the question . Stuart yeah. Lauren heres a good example, that just went wrong. My kids always walk in, they knock on the door, there was one point i was just sitting here and we lost power i was sitting in the dark, strange things happen all the time, youre the best stuart, you make it funny, said you actually. Stuart actually give your funny on camera moment. Ashley after 34 years around the country of the u. S. I get the giggles, have to do a story in montana on rocky mount bieber fever believe it or not i never made it to the end of the script and they had to face the blockade go to the commercial break very embarrassing. Stuart i had a sneezing fit. Well done, had a sneezing fit on Live Television and that is not easy to get out of and by the way there is no tape. Thank you for those who responded, more varney after this. Stuart Speaker Pelosi just wrapped a weekly press conference. She ignored a question. She was asked if she would send the trump impeachment articles to the United States senate. She did not answer the question. They are trying to work out when and what to do with impeachment. Time is up for me, neil, it is yours. Neil i love your mail segment. There was a time years ago, 3 minutes there was no sound coming out and my ratings were the highest they had ever been. [laughter] stuart well done. Neil it is true. We are going to try it now. All right. Thank you, have a good weekend. It really did happen. Everyone said we cant hear him