dagen: thank you all so much. that does it for us. varney, take it away. stuart: okay, dagen, i can do that. dagen: it's past 9:00, stuart. come on. stuart: i'm here. i'm here. good morning to you. good morning, everyone. you know, i remember saying last week that there was no way congress would leave town friday without a deal on virus relief. how could they resist spending money right before an election? well, i was wrong. there was no deal from congress, but president trump stepped in and the money will flow. he signed executive orders to help the unemployed, students, renters and small business.

speaker pelosi says it's absolutely absurdly unconstitutional. what will they do? go to court to stop people getting the money? right before an election? good luck with that. the president's playing political hardball. 84 days to the election and again, the money will flow. investors like it, by the way. looking at the futures, the dow industrials will open this morning with a gain of about 100 points. the s&p's going to be up about four. the nasdaq, up about 13 as we speak. the president's playing political hardball with china as well and beijing is responding. jimmy li, a leader of hong kong's democracy movement, has been arrested under the new security law and china has imposed sanctions on u.s. senators, including marco rubio and ted cruz. now, that is escalation. dramatic change may be coming to a mall near you. amazon's in talks with america's largest mall operator, simon properties -- simon group properties, to use some

department stores as fulfillment centers. amazon gets cheap space, the simon group gets someone to take that space. both stocks are up. and look what we have for you this monday. sports super agent lee steinberg. the college football season looks shaky. the nfl is getting very nervous. he's on it. sean hannity will join us. yeah, he's got a book and lots of opinion. i want to talk to him about the coming election chaos. and we are still on the joe biden veep watch. any day now. "varney & company" is about to begin. stuart: let's start with amazon. changes coming to the mall. reportedly in talks with the biggest mall operator to turn empty storefronts into fulfillment centers. ashley webster is here. looks like a win/win for both companies, ash. ashley: yeah. it does, except for the

retailers that are still in the mall because the dreaded enemy is literally moving in next door. but yes, simon property group is in talks reportedly with amazon to convert maybe some jc penney and sears stores into amazon fulfillment centers, distribution hubs that are already out in the residential areas and can speed up that vital last mile of delivery. simon itself, the mall owner, has 63jc penney stores and 11 sears stores. typically they are around the size of 100,000 square feet, often on two levels, perfect for amazon, and again, there are also other talks which i find this very interesting, that maybe amazon may be negotiating to put some of its up and coming grocery store chains inside old jc penney stores. of course, jc penney and sears among many who filed for bankruptcy but you know, the

irony is the other tenants in malls, if they are still there, are very unhappy. they say the old anchor stores at least did bring in foot traffic. a distribution center isn't going to do that and by the way, that distribution center is putting us out of business. stuart: by the way, there will be lots of space in the parking lot for those amazon vans which i now see everywhere. no shortage of parking at the mall. see you later. thanks very much. this sounds ominous to me. disney cutting hours at disney world in florida? lauren, what's the story? lauren: yeah. they sure are. okay. so the story is starting september 8th, disney is scaling back their hours of operation at all of their orlando theme parks by one or two hours depending on that individual park. the reason is, more visitors have canceled their trips because coronavirus cases are surging in florida and in other states, also long distance traveling is declining. if you look at the closure

entirely at the thyme pareme pa now the limited attendance and limited hours and you look at disney, they had to report their first quarterly loss since 2001 last week. nonetheless, shares rose 11% last week and they are only down slightly this morning in the premarket because investors are focused on disney plus and their streaming ambitions. stuart: big picture, it's not good news for returning to normal. if these places are open and people are not going to them in any great numbers, that's not a great sign for the economic recovery. that's my reading of it, at least. lauren: fewer bookings, more cancellations. you are correct. not good for the theme park business. stuart: let's move on to tiktok. twitter now in talks to buy them. susan, the story? susan: preliminary talks with twitter according to the "wall street journal." president trump and tiktok owner bytedance have both said there were other suitors and other options but twitter is seen as a long shot bidder. it's much smaller first of all than microsoft, only worth around $30 billion, any twitter

bid would need outside venture capital or private money support as well. microsoft still the front-runner. price tag expected in the tens of billions. microsoft has the money. they have $130 billion in cash. but the money includes some of the early bytedance investors from silicon valley as part of what they call a collaborative bid and that might include sequoia. another option tiktok might be pursuing a lawsuit against the trump ban according to npr, arguing this ban is unconstitutional in their words. stuart: does everything go away if president trump loses in november? susan: well, it might be a posturing stance headed into the vote in november. you have to see how the new administration does if there is a new one in january. stuart: got it. tell me about jimmy li, outspanniou outspoken critic in hong kong arrested. susan: this is a big deal. it's the most significant arrest under china's new national security law. he's the outspoken publisher of the pro-democracy newspaper called the apple daily and beijing accuses him of what they

call foreign collusion that's supporting the hong kong protests and police also arresting his two sons and four employees from his publishing company. his pro-democracy newspaper called the apple daily, its newsroom being raided by police as well and this arrest is troubling because it really questions the future of press freedom in hong kong and free speech. mr. li traveled to d.c. last year meeting with vice president mike pence, also advocating to u.s. politicians to help hong kong by passing some sort of legislation that resulted in the hong kong human rights act. stuart: we both have a connection to hong kong. this news is troubling indeed. good-bye, freedom in hong kong, in my opinion. moving on. let's get to the president signing those four new executive orders over the weekend, all for virus relief. market watcher keith fitz-gerald with us this morning. investors should be happy with this, right, because the money is going to flow. >> well, you would think that would be the case but the traders i have talked to around the world overnight are not

certain because everybody was betting on congress doing its job. so the concern now is does this set up a fight, can it be overturned, are there lawsuits, is the money actually going to flow. stuart: well, what do you think? do you think congress will get back to negotiations again? look, we've got 84 days to the election. that's a pretty big incentive for the democrats to get out there and show they have done something. >> i tell you what, i can't imagine how they are going to walk away from this but on the same token, there are some companies here that are very attractive if a fight ensues. for example, jpmorgan or visa, because you've got to keep the money moving. that to me strikes bells if we get a little buying opportunity. apple and microsoft, if we get past the china situation. a fight between congress and executive branch sets those two companies up for a further run. stuart: by the way, i see apple up another seven bucks this morning. okay. we were down friday. it's up seven bucks today. i would have thought apple has the most exposure to a china versus america clash over technology. >> well, you are absolutely

correct, it does, stuart. however, it is also the single most liquid, most widely traded security in the world which means every institution, bank, pension fund and many individual investors own it, hedge it or trade it. even though there's china, everybody else is already looking at the split, already doing what they are supposed to be doing and looking at those businesses five, ten years down the line. stuart: you think it's going to $2 trillion value? >> oh, no question in my mind. stuart: when? when? >> hard to say. i'm still working on those calculations. but this run to 450 is about 50 bucks past where i thought it would be at the end of the year. so hard to say. but sooner than a lot of people expect probably including myself. stuart: still expect new highs for the market across the board? >> you know, i'm kind of getting concerned about this one because since 1992, the s&p 500 has only been about 41%, 42% if you buy it 90 days prior to the election and sell afterwards. so this one's a little mixed to me. i'm a little disturbed by china, a little disturbed by this

executive branch move even though i like it, traders were caught flat-footed. that gives me a little bit of pause. overall, i'm still in it to win, stuart. stuart: well, i still think there's going to be election day, week, month, chaos. i will talk to sean hannity about that later. thanks for joining us. good way to start the day. thanks for being here. appreciate it. >> you bet. thanks, stuart. stuart: more than 60 nfl players say they are opting out this season. that's not a good sign for the league. kickoff is a month from today. super agent, sports super agent lee steinberg will be here later. new report shows background checks for gun purchases in new york spiked 121% in june alone. clearly the result of calls to defund the police and violence in the cities. listen to this. chaos erupted in chicago overnight. widespread looting and violent police clashes after a police-involved shooting. the magnificent mile, the store

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stuart: some big names reporting earnings this morning. i will run through them. first of all, duke energy. they swung to an $800 million loss last quarter. they turned a profit in the same quarter last year. nevertheless, the stock is up 1.6%. marriott hotel people. we knew it was going to be rough. room revenue was indeed down about 85% from last year.

the ceo says they are seeing demand grow slowly. maybe that's why the stock is up just 40 cents. royal caribbean, same story there. massive loss, over $1.6 billion for the quarter. their revenue was just $175 million. down goes that cruise line one more time. sea world, amusement park guys, absolute disaster. down 96% from last year. that's revenue, by the way. of course, that place was closed. they only brought in $18 million worth of revenue. obviously the virus to blame. the stock is down another 3%. we've got news on mcdonald's. they are suing who, ash? ashley: they are suing their former ceo, steven easterbrook. if you remember, last november he was terminated for having a relationship with an employee. at that time he was let go but he did sign a severance package and now the company says under further investigation following

a report from another employee, they believe that easterbrook lied to the company, lied to the board, destroyed evidence of prior relationships he had with three other employees prior to the last one that cost him his job. they are suing. apparently i was just reading here, to recover the compensation and severance benefits that were agreed upon when he left the company in november. so pretty interesting developments in this case. stephen easterbrook being sued by mcdonald's to get their money back, essentially. stuart: claw back. or attempted claw-back, that's what it is. what's this? breaking news from the federal reserve. okay. what have we got? susan: more stringent requirements for big lenders across the u.s. this is following the stress tests that took place earlier this year and this is just in case for the coronavirus pandemic that if it continues, the spread here in the u.s., the fed announcing large bank capital requirements and that means a minimum capital

requirement of 4.5% and buffers of 2.5% in these stress tests. global systemically important banks pay at least 1% of capital charges so think of jpmorgan, bank of america, really large ones across the u.s., and also the federal reserve reaffirming the stress test results for the five firms that requested reconsideration. that means the citi banks of the world. don't forget, we already heard from these banks, they are sitting on a large amount of money, capital, just in case because they don't see this pandemic ending any time soon and they are very concerned about defaults and companies going under. stuart: got it. susan, thanks very much indeed. back to school story. what a mess. troubling numbers now which show nearly 100,000 children tested positive for the virus, that was between july 16th and july 30th. that is a huge 40% increase. let's bring in dr. marc siegel. look, that's not good news for people wanting to get -- to

reopen the schools, is it? >> no, it's not, stuart. but it really depends on where we're talking about. mayor deblasio of all people has said he's going to reopen new york city's schools. i'm actually hats off to that because there's very little virus here in new york right now. in georgia, they are having a big problem because schools reopened but kids are congregating together and spreading virus right outside of atlanta. i was down there over the weekend and really, there isn't anybody obeying physical distancing. most people are not. it depends where you are. let's not forget if the schools are not reopened, there's going to be enormous damage done, public health damage, because of kids not learning properly, special needs, nutrition, mental health problems. you can't just across the board say don't open the schools. we have to start with the default of opening schools if we can, protecting children and teachers if we can and doing testing in the schools. stuart: all right. we've got this report from minneapolis federal reserve

official. he wants a six-week total shutdown of the economy again because he says there's a second wave of the virus coming which will hit us hard. what do you make of -- i hear this all over the place, doctor, a second wave is coming. what do you say? >> first of all, i think neal kashkari in minneapolis, federal reserve bank, is ridiculous. i didn't go to the london school of economics like you did, stuart, but he wrote in the "new york times" that we are doing great because we are staying home from restaurants and saving money. are you kidding me? what happened to the restaurants? are you kidding? the economy is doing great because we're all at home and we're cooking for ourselves? a six-week lockdown across the board, even minnesota is doing pretty well, by the way. there's 300 hospitalizations in the entire state which i'm not happy about -- stuart: wait a minute. >> it's not an emerging hot spot right now. stuart: do you see a second wave coming? >> no. i see this smoldering along the way it's been doing.

not a second wave coming. it can be controlled by careful public health measures. we have to focus on the hot spots like we have been doing in texas and florida and arizona and california and we are seeing improvements now in all four of those states that we have been talking about for weeks. we've got to zero in on the hot spots and keep it from spreading. stuart, lockdowns don't work unless you completely shut off travel. he's not even talking about shutting off travel. i think it's pie in the sky. it will have a huge economic cost, a physical and mental cost to it. it's a bad idea to be talking about reinstituting lockdowns right now. laser lockdowns, where you keep businesses closed where the viruses are spreading -- where the virus is spreading like in bars. stuart: doc siegel, thanks for joining us this monday morning. see you again real soon. thank you, sir. i want to update everyone on kodak, as in eastman kodak. look at the stock, down 40%. they've got a problem with that pharmaceutical deal with the government, lauren?

lauren: yep. it's been put on hold. it was a $765 million loan to make generic drug ingredients for the u.s. as the s.e.c. investigates potential insider trading with the way the deal was disclose tod to the public. that may have been one of the reasons shares went from $2 to $60 in just a few days. now they are back down about 40% to $9. the government says it will only move forward with the deal if the allegations are cleared. this is a headache for investors because two weeks ago, they had to evaluate how a film company could make pharmaceuticals so what's the valid share price for something like that, and now investors have to say okay, what's the share price if this loan does not go through. you're seeing a selloff today, back down to $8 or $9. stuart: i think a lot of new day traders may have got caught, jumped on the band wagon, didn't get out and now it's down to $8 a share. i remember it being well above

50 or even 60 a couple weeks ago. lauren, thank you. lauren: it went to 60. yep. stuart: it did. that's right. saw it on this show. got it. look, let's get back to there's a health tech deal, teledoc, buying livongo. more deals like -- what are you laughing at? susan: you pronounced it correctly. i was impressed. yeah. okay, this is taking place and it should be taking place by the way during covid because this is the biggest deal in digital health we have seen. $18.5 billion merger, took place last week. might have opened the flood gates to similar tie-ups in the future and also suggests that maybe we are on a permanent path now towards digital first health care. not only is it convenient but it also brings down cost for members and users. investors didn't initially react positively to this news. teledoc paying a 10% premium in an all stock deal to acquire livongo and people in the markets may have been concerned that teledoc was capping its own growth as it was doing so well during coronavirus and the lockdown time but if you think

about it, it extends the trend we have seen, the pill pack, amazon, fitbit, google and now this. stuart: got it. thanks, susan. we will be opening that market in what is it, six and a half minutes' time. i see some green across the board, up 90 for the dow industrials. big week ahead. we are looking at all the big names reporting. on your screen this week, they are all reporting. we will have it all for you. back after this. ♪ introducing stocks by the slice from fidelity. now you can trade stocks and etfs for any amount you choose instead of buying by the share. all with no commissions. stocks by the slice from fidelity. get your slice today.

stuart: presidential tweet. here it is. so now schumer and pelosi want to meet to make a deal. amazing how it all works, isn't it. where have they been for the last four weeks when they were hard-liners and only wanted bailout money for democrat-run states and cities that are failing badly. they know my phone number. all right. back to your money. david kelley is with us, global asset management guy from jpmorgan. it's monday morning. give me a status report on america's economic recovery. how's it going? >> well, we are in a recovery. it started out as a v-shaped recovery. i think it is slowing down now. it's sort of a v interrupted but we are still making progress.

i believe that by the end of next year, we will be back to a healthy position but it's going to take all that time unless we can control the pandemic. i think we are still, you know, we started out on the highway of recovery. we are kind of now on the back roads of recovery. it's being slowed down by this pandemic. really controlling the pandemic should be job number one. stuart: does that mean we slow down the stock market rally? if we're not going to get back to quote unquote normal until the end of next year, does that slow the market rally? >> i think there is a risk of that, yes, because i think people -- a lot of people are assuming, still assuming a fast recovery but also, you have to look beyond next year also, because stocks are priced for the long run. if you look at the long run situation, we are going to have higher interest rates, higher taxes, and we may have a lower dollar in the long run. all these things suggest that maybe the kinds of stocks people are buying are perhaps the wrong ones. i think people need to think about having value stocks as well as growth stocks, international as well as

domestic, because it's going to be a very different world when we are done with this pandemic. stuart: that's a very -- you're right there, david, a very different world indeed. david kelly, thanks for joining us. see you again real soon. thank you, sir. we are about to open this market, literally two or three seconds to go. it's monday morning. it's august 10th already. here we go. we are off and running. right from the get-go, i see green right there. i see the dow up about 100 points right from the start. up about .33% for the dow industrials. most of the dow 30 are indeed in the green. the s&p 500, show me that, please. it is also on the upside. not by much. a fractional gain there. i will get it to you real fast. the nasdaq has also opened on the upside. okay. can you show me amazon, please? i'm pretty sure it's up this morning. the "wall street journal" says they are in talks with a large mall operator group to use some of those fading -- excuse me, i am being talked in my ear -- they might be using some of

those fading department stores to use as amazon fulfillment centers. we have simon property group on the upside there, because that's the group that amazon is talking to. disney cutting operating hours at their disney world park in florida. most of the parks will see a decrease of around one to two hours of visiting time. the stock is only down a tiny fraction. as for microsoft, still in talks to buy out tiktok. they have a few weeks left dlto close the deal. twitter looks like it's throwing its hat into the tiktok ring, holding talks with the parent company, beijing's bytedance. on the left-hand side of the screen, it's pretty much a sea of green. we've got 26 of the dow 30 in the green, on the upside. the dow is up 115 points. berkshire hathaway, buffett buy back billions of his own stock. i think this is a record amount. how much? susan: $5.1 billion in the month of may and june.

the largest ever share buy-back by the oracle of omaha in one single period and that's double the amount buffett bought back in the final quarter, final three months of last year. so profits rebounding at berkshire hathaway coming off that $50 billion loss in the year's first three months. at least he's making money once again from march to june. apple's stock rally helping. apple now a fifth of berkshire hathaway's portfolio and buffett's stake is worth $100 billion. by the way, his cash pile also rose up to $146 billion up from the first quarter so he can't find places to spend it which is concerning for the markets but it's not all roses for their different businesses. for instance, his railway burlington northern reported a drop in sales and that's owing to covid. also, their manufacturing and retail business taking a hit as well. it took a $10 billion charge write-down from other assets like its metal components maker, energy and also geico saw mixed results as well. he has $146 billion, doesn't

know where to spend it, people have concerns. stuart: i didn't know that. i didn't know berkshire hathaway has $146 billion in cash. when you look around, microsoft's got cash, amazon, apple's got a ton of it. i think google's got a lot of it. there's ae non enormous amount cash if big corporations just sitting there. i don't think they know what to do with it. susan: cash is king in this environment. look how they have been rewarded with their stock moves. today, i think berkshire hathaway is a good example of that. stuart: what surprises me is they haven't bought very much. susan: no. they have been buying back shares. it's been more financial engineering, also with buffett buying back $5.1 billion of his own stock because he's trying to boost his stock price. if you are a shareholder you get rewarded for that which is compelling. stuart: thank you, susan. going to take a quick look at some of the big companies which are coming out with their earnings reports this week. on the screens, a whole bunch of them. i will go to ashley for canopy,

the cannabis company. what's expected there? ashley: well, they just reported this morning and you know what, they got a boost from the pandemic lockdown. i will leave it at that. but they reported a loss of $81.1 million u.s. but that was much better than expected. on the revenue side, they came in at $88.97 million. that also better than expected. you can see the stock doing nicely, up 10.33%. they have cut costs, they have eliminated 18% of the work force since the beginning of the year, they shut down the cash burn considerably, and they also have the number one market share in cannabis-infused beverages. overall, even though the stock has been down 21% up to this point, up today 9% to $18.22. stuart: i think i can call a cannabis company a pandemic winner. i'm on solid ground with that one. okay. left-hand side of the screen, dow is up 150 points. i believe the market really

likes president trump's executive orders putting the money out there as virus relief. draftkings on your screen right now. what about them, ashley? ashley: i'm all on the sin stocks today, smoking weed and gambling, apparently. draftkings won't report until friday. but this stock is up 218% year to date. it's flat today. it's been absolutely killed by the lack of sports, just wrapped up a quarter in which there was hardly any sports played at all. now we have nba, major league baseball, nhl, all back but concerns about being more delays and more proeostponements, mayb stopping again as we see the increasing spread of the virus among some teams, especially in baseball. that leaves their revenue stream very exposed. we will see what they say on friday. stuart: understood. susan, on lyft watch. what are you expecting? susan: judging by uber's earnings last week with a wider

loss than anticipated, it won't bode well for lyft earnings. uber said ride hailing was down 75% from last year but lyft doesn't have food delivery to make up for the rider drop. lyft is seen as more of a pure play on ridership and ride hailing and it might be a more difficult quarter for lyft. we will see if they will stick to their forecast of profitability. if you strip out expenses last year, ebita, as we call it. stuart: we used to have a buzzer whenever anybody used those expressions, ebita or whatever it's called. susan: it's important for investors. that's the fastest way to say it when i'm time-crunched. stuart: not going to argue. i will move to lauren who is watching vroom. what do they do? cars, isn't it? lauren: they sell cars online. they sell cars online. they have benefited from the pandemic and people skipping the showroom. in fact, if you look at the prices of used cars, they are

skyrocketing. vroom shares have also skyrocketed. look at this, up 3% now but they have tripled since their ipo which was in june. you just saw carvana report a loss. the online market for cars, it's getting crowded. investors might be saying all right, where's the profit going to come from. shares are so expensive, especially as you have your traditional carmakers, they are starting to ramp up new car production. that's more to compete with when you look at the car sfpace, use versus new. stuart: got it. the dow up 150 points helped by apple, a dow stock. apple is up, what, about eight bucks as we speak. speaker pelosi admitting china would prefer a joe biden win in november. whoa. watch this. >> i take no pleasure in saying this but china, what they said is china would prefer joe biden. that's their conclusion, they would prefer joe biden.

stuart: i'm not sure that joe biden will be real tough on china but we will report the story as it comes along. i have been saying this. i believe that mail-in voting will cause absolute election day chaos. sean hannity has something to say about that. he's going to join us in our 11:00 hour. some travel stocks taking a huge hit during the pandemic. we all know that. my next guest says there is life at the end of the tunnel for the industry. that's interesting. meanwhile, look at sixth avenue. still deserted. we'll be right back. ♪ some companies still have hr stuck between employees and their data.

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stuart: saudi arabia cutting their supply of crude oil coming to america, maybe trying to regain some sort of traction when it comes to supply and demand. oil's at $42 a barrel as we

speak. saudi aramco, the huge giant new company, their profits slashed in half in the first half of the year because of the virus shattered demand. we know that. their chief executive, though, says the $75 billion per year dividend payout will be maintained. that's interesting. $75 billion a year dividends. the price of gasoline always interesting. right now, $2.17 per gallon. that is the national average. it's been static at that -- i have been paying $2 a gallon for about the last six weeks. before that, it was $1.80. all right. let's turn to the travel industry and bring in one of our top travel guys, jeff hoffman is with us this morning. now, do you see any pickup in travel any time soon? >> not really. not any time soon. if you look at the numbers that the online travel agents are reporting, booking.com, the revenue was down 91% in the

second quarter. they are letting 25% of their staff go between now and the year end. expedia is down 82% for the quarter. airbnb already let 25% of their staff go. based on their numbers, also really interesting thing, stu, because this is pretty rare. i was talking to the folks at saver, the people that process all the reservations for airline and hotel companies, and cancellations last month were bigger than bookings. people are booking and then canceling because they are afraid to go. most of the news right now is not good. stuart: we saw that report this morning from disney, cutting the hours at which their theme park in florida is open. that's another bad sign in terms of getting back to normal. >> it is. if you look at the same thing, disney earlier on the program, i heard that we were all getting high on gambling but we aren't gambling in vegas, that's for sure. if you look at what's happening in vegas, wynn just reported their second quarter revenues

were down 95%. last month, their revenues were $85 million and they are normally $1.6 billion. so places that we go like disney and like vegas are -- we're just not going there. those places are not doing well. stuart: i got a report just the other day from lufthansa, the german airline. they don't think international travel will get back to normal until 2024. they are going out three full years to get back to normal. would you do the same thing? >> you know, for international travel, it's going to take awhile. virgin atlantic just declared bankruptcy because all of their business is international. the airlines need, in the u.s., the four biggest airlines combined for a $10.3 billion loss last quarter. it's bad. they need business travel which isn't happening right now, and they need international travel which is going to take a long time to come back. i don't know if it's 2024, but it's two or three years before

we really see that travel come back and it won't come back to pre-covid numbers now that we have learned how to use technology to cut a lot of travel costs and do meetings we used to fly to. stuart: we changed our habits. all of us are looking at each one of us and thinking how have i changed during this epidemic, this era of the virus, and i think we have all changed in very subtle ways including not traveling as much. last word to you. >> yeah. i absolutely agree. one of the things we have learned is that -- well, two things. the technology has taught us we can connect as human beings, not the way we want to, but in a way that somewhere in between spending a lot of money to fly somewhere, especially internationally and talking on the phone. this technology you and i are using right now, not so bad for business and the other thing that's changed is everybody in the world is trying to build better tools for you and i to do business online. so it's actually going to get better in the tech space which

is a bad sign for travel. stuart: exactly. jeff, good stuff. thank you very much for joining us. see you again soon. got you. >> thanks, stu. stuart: dow is up 200. check those restaurants. we've got the chains, most of them are up this morning. mcdonald's down a tiny fraction. lauren, can you tell me which have been the most popular restaurant chains during the pandemic? lauren: the ones that give unlimited bread. olive garden and texas roadhouse. it's true. they rank as america's favorites during the pandemic. you asked how we changed. we are eating more, i'm eating more bread, i don't know about you. but these are two bright spots in the casual dining space which has been rocked by the virus. top agency research shows casual dining traffic plunged 58% since the pandemic. when you look at fast food dining, that's bad but it's only down 30%. fast food has done better than casual dining. the winners in the casual space, olive garden and texas roadhouse.

stuart: amazing. amazing. i never thought of that. more bread. free bread. thanks, lauren. by the way, you are watching lemonade. before we get carried away, that is an insurance company, isn't it? lauren: yes. insurance technology company. their first-ever earnings report comes wednesday morning. this is going to be a big one because the company ipo'ed about a month ago. shares have more than doubled. their target market is millenials. here's the thing. if you can retain that base and grow that base, lemonade can benefit from the assets the younger generation accumulates over their lifetime. makes sense. they sell renters and homeowners insurance. they just moved into the pet insurance market. we will see how fast they can grow that base but up 2% ahead of earnings on wednesday. stuart: lauren, thank you very much indeed. president trump takes dramatic action without the democrats. he signed executive orders to help those hurt by the pandemic and still need help. the left was not able to bully

the president. who could. and you will hear my take on that in the 11:00 hour. microsoft leading the charge to maybe buy tiktok. my next guest explains why he thinks the big tech giant is taking advantage of a unique situation. we'll be right back. ♪ liberty mutual customizes your car insurance, so you only pay for what you need. i wish i could shake your hand. granted. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪

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stuart: trading in eastman kodak stock has been halted. they received or they were promised a $765 million loan from the government. that's been put on hold until eastman kodak clears up insider trading allegations. it's been held and it's down 30%. that's where the hold was placed. now, i ask the following question. tiktok. who is best positioned to buy them? who would they do most good for? is it twitter or is it microsoft? both of them we understand are in the bidding for tiktok. let's bring in alex zukin, rbc software research guy who covers this. okay, where's the best fit, alex? is it twitter or is it microsoft? >> it's a great question.

we think microsoft would make a really good acquirer for tiktok because we think that it's going to leave it alone and we think it's going to harvest a lot of the things that make it great as a service and can really learn from it and better understand it. you know, we don't cover twitter and so we don't know, you know, what the plans would be there. you know, historically they've had some experimentation with a service like tiktok when they did buy but we think microsoft would be a really interesting partner here. stuart: is there any guarantee if it did buy tiktok, they would run it successfully? because at the moment, tiktok is a runaway success. >> yeah. i think the fact that tiktok is a runaway success is one of the reasons or the primary reason that they are interested in the asset. i don't think we can make any guarantees but i would point to the recent acquisitions in the last few years of linkedin as an example of an asset that wttt alescale tt tmiha t b

d ke lina uncatiy.catica stuartst: how: w saltrlee sttr feelre pmp t t g righg tri ighntoghckck dem dem ddiemng dhatha ok beok b and a then demandinnd tinndin he get g -- americama gets a piecethe action how does wall street feel about that role the president is playing? >> well, we are definitely in interesting times. i think a lot of people, clients i speak with, are kind of waiting with baited breath to see how the story unfolds but at the end of the day, if microsoft has a chance to take a leading asset like this and make it part of their portfolio, you know, investors in microsoft feel very good about that. stuart: now, one last one. if president trump loses, is the whole thing off with tiktok? there's no guarantee that biden would force them out. >> i think this deal is likely to be consummated a lot sooner

than that, perhaps in the next few days or weeks. i think they set a timetable in the middle of september for these types of bans to essentially take effect. my guess is it's going to precede the election by a significant amount. stuart: alex, good stuff. you covered the whole thing in a couple of minutes. that's really kind of good, actually. you can come back. alex zukin, thanks very much. it may be monday but we are kicking off the week with a big show. elizabeth macdonald on who she thinks joe biden will choose as his running mate. arizona congresswoman debbie lesko, people are trying to flip her state from red to blue. we will talk about that. and sean is fired up about everything going on in our country. he's on the show. first, though, i say for the first time in a generation, america is pushing back hard on china. that's the subject of my take, which is next.

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after an investigation revealed he had a relationship with an employee. breaking news update. kodak shares now resumed trading. they're still down 30%. 10 bucks a share right there. we have latest read on job openings, break now. it is the jolts number, ash. what is it? ashley: we love it, don't we? that is 5.89 million job openings. that is up better than expected. this is the number from june. this is certainly backward looking. that number coming in close to 5.9 million job openings. stuart: that's a lot. ashley: it is. stuart: real lot. to the race for the white house. big week for joe biden. he is supposed to announce his pick for vice president. the short list of candidates is on your screens right now. look who's here? she's back. elizabeth macdonald. you look all right.

host of "the evening edit" on this network. all right, liz, who have you got your money on for joe biden's veep? >> kamala harris. that is what the pundits and media analysts and d.c. mead you i can't beltway echo chamber say from here to new york city. why? susan rice would be the second contender. susan rice has a lot of baggage. she has said statements prove demonstrably wrong. she told the u.s. congress, that james comey did not debrief her about the trump-russia probe. when james comey did according to government documents, within the weeks of the probe launching. kamala harris has a prosecutor's background. this is the time of the year when voters take up notice. they see biden is in cleanup,

doing damage control. making mistakes time and again. what they see with kamala harris, she has the tough on crime background maybe the base doesn't like. number one thing, people want to know in the voting booth they want safety. there is a lot of problems with kamala harris. she looks like she would be the safe churches. the other choice would be val demings, former, ran a police precinct, the police department in orlando. she is a prosecutor. she is very powerful individual. not sure why val demings wouldn't be the number one choice but looks like kamala harris is the in the running to be number one. stuart: i was surprised last week we saw some classic biden gaffs. that is the way i would define them. the rest of the media really didn't pick up own them. it was troubling with a lot of people. bear with me, liz. i will run the couple of gaffs if you want to call them, that for everybody to see again. roll tape. >> unlike african-american

community with notable exceptions the latino community is an incredibly diverse community and incredibly different attitudes about different things. come on, man. that is like saying you know, before you got on this program you take a taste where you're taking cocaine or not what do you think? are you a junkie? stuart: this is your first chance to react to that on this program, liz. have at it. >> yeah. so you know we have individual individuals like cnn brian stelter, who are you going to believe, me or your lying ice when it comes to the sound on tape. brian stelter says this is right-wing media dialogue. people can see, stuart, since 2018 there has been issues with joe biden. he deserves compassion and respect with these issues. there appears to be decline. it is right there on tape. cnn run stories,

"washington post," "new york times," saying biden should not debate president trump. the real question for the biden campaign, why are you now dealing with this issue at this point in the election cycle? why didn't you put it to rest earlier? why was biden kept off the campaign trail just as he was in 2012 when the obama campaign kept biden off the campaign trail for months on end. he hasn't asked reporters questions. he has not held unscripted public events. at this point in the cycle michael dukakis was leading in 1988. all of sudden stories came out he suffered from depression and mental health issues. he started to go down. george h.w. bush took the lead. hillary clinton at this point was leading. the campaign flat-out, going door-to-door, knocking on doors in the battleground states. i tell you one thing, with those mistakes, final word, stuart, the black voter is the swing voter. they have correctly called

presidential races more than half the time since the '90s. "zogby poll" shows trump is gaining with black voters in michigan, pennsylvania, wisconsin, stuart. this is issue is being fleshed out now. stuart: 84 days to the election. fascinating stuff. liz, we'll see you again soon. check the market please, we're back to a 200 point gain for the dow industrials. apple, up seven or eight bucks a share giving a lot of help to the dow along with nike. take a look at amazon and the simon property group. that is the largest mall operator company. amazon down, simon group up. according to "the wall street journal" they're in talks to fill some of the empty mall stores like sears, jcpenney to, turn them into amazon fulfillment centers. amazon down, simon property group up 3 1/2%. whoa. look at foot locker. yes, still soaring 8.7%.

lauren. why? lauren: they expect to turn a surprise profit when they report on august 21st. same-store sales grew 18% in the quarter. shoppers came up. pent-up demand was there along with stimulus checks. look at the gains, helping nike which is a dow component. nike shares hit record $106.20 moments ago. that is adding 20 points to the dow which is up 220, stuart. stuart: that's a rally, lauren, thank you very much. uber, what is the ceo talking about, benefit funds? what's that? susan: giving workers cash for benefits they can use for health care and vacation. if passed, the workers could take money out of the benefits fund for every hour they put in, from the uber director, his op-ed piece in "the new york times" this morning saying drivers want

flexibility and benefits. he says this model will allow gig workers to put money toward the benefit of their choosing. this is surprising. health care is not at the top of the list. dara khosrowshahi says there would be only small fraction of jobs available operating in small cities. this ahead of california ballot, uber, lyft, others are sponsoring if passed their new ballot law would except them from the current one forcing them to reclassify drivers as employees instead of interest contractors. stuart: one more for you, susan. what is this about another chinese electric car company going to file an ipo on the new york stock exchange? susan: you should care because electric car stocks are hot. a lot of them have tripled this year. filing for 100 million-dollar ipo on the nyse.

alibaba is one of the biggest ininvestors. they have two cars, a suv sedan that compete with tesla on the electric car market. stuart: ashley, wait a second. one more, one more. nikola. they make electric trucks. what is the update on them? susan: garbage trucks, think about that. they signed a teal with waste management republic services for 2500 electric garbage trucks. dollar amount has not been disclosed. the deal could go up to 5000 garbage trucks, full delivery, maybe three years time. road testing to start at end of next year, early 2022. this deal adds to the big backlog of deposits on nikola trucks, sitting at 14,000. valued at $10 billion. that is pretty much what the stock is trading on since nikola has not made a single delivery. stuart: all expectation what is is to come.

big order from waste management. that is huge. susan: yeah. stuart: how much was it for again, how much money? susan: no dollar amount. 2500 trucks. could go up to 5000. but the end of the black smoke garbage trucks on your streets. stuart: good lord. susan, thank you very much indeed. all right, everyone, now this. for the first time in a generation america is pushing back on china own all fronts. president trump has called a halt to china's aggressive expansion. he blamed china for the virus. he condemned the crackdown in hong kong. he sent two aircraft carriers to the pacific. most important of all, the president has pushed back hard on china's technology companies. actually, he hasn't just pushed back. he has blocked them, forced them to retreat. on technology he is playing serious hard ball. huawei is the biggest chinese tech company. its name actually means chinese

achievement. the president blocked them from the most valuable markets in the world including america and that is a slam. tiktok is china's very successful social media platform. the president has beaten them up, sell your american operations he says because in a couple of months are banned. that's hard ball. this is very different, very new than we've seen from any previous president. mr. trump is acting as commander-in-chief of american business. not only is he telling a foreign company get out, he is demanding a piece of the sale price action. it is no surprise that technology is the battlefield. at this moment america reigns supreme. the president wants to keep it that way. it is not classic capitalism. it is not free trade. not open markets. it is president trump putting america first. that is his policy in 2016. it is clearly his policy from the election three months from now. president trump, commander-in-chief of american

business. we have never seen anything like it before but we are seeing it now. we'll have more on president trump's hard-line on china with former state department official christian whiton later this hour. whoa, chaos on the streets of chicago. looters smashed their way into stores in the city's downtown area, the magnificent mile. gunfire was heard. how about that on the magnificent mile? plus 350 cars stopped at checkpoints into new york city this weekend. it is to enforce quarantine rules. what i want to know is, does this really slow the spread of the virus? what does it do to new york city? we'll deal with that next. more sixth avenue deserted. we love our new home. there's so much space. we have a guestroom now. ♪. can

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stuart: nice rally for the dow industrials. now we're up 254 points. look at that level, 27,600. what is that, 1500, 1600 points from the all-time high? getting close. nasdaq though down 40. where is the price of gold? we ask the question because it is going up. it is up 30 bucks. 2058 per ounce. bitcoin. dow industrials, not sure what that means. get that off the screen, please. i want to know about the price of oil. there you go, $42 per barrel. the saudis are cutting back supply of oil to these here united states. oil is up 2%, $42 per barrel. now this. new york, hundreds, i think 350 cars stopped at random

checkpoints along city lines. this was to enforce quarantine rules over the weekend. stop checks, trying to get into new york city, 350 cars. new york state assemblyman mike la pietri joins us now. first of all, mike, do you think the checkpoints really stop or slow the spread of the virus? >> well, absolutely not. this is utter nonsense. 20,000 deaths from covid in new york city alone over these past few months but de blasio is making it look like he is flexing political muscle. but in reality this man is spineless. the city is burning. police defunded. tourism vanished. broadway shuttered. residents leave in droves. but bill de blasio creates checkpoints to inform tourists coming in. this sutter nonsense. stuart: i'm sure you've seen it. the homeless people, really wreaking havoc in parts of the city. residents on the upper west side, drugs and harrassment

running rampant on a daily basis. a what can you do about it? b, i don't think you can do anything about it. c, this is the demise after once great city, go at it all, please? >> absolutely. what you can do is first start off by electing better public officials. you're choosing people that want to instead focus on allowing people to live wherever they want, instead of caring about private property. instead of caring about maintaining public health and safety. instead of maintaining actual freedoms. we have people in the city that want to micromanage. new york is in a financial crisis. governor cuomo is literally begging people to come to new york city, stay and live in new york city, nobody wants to because of the homelessness, because of the crime, because of the shootings. what you forget, many people forget, the city is the main economic driver of new york state. it is looking right now at a $9.6 billion shortfall that will have catastrophic effects on new york state as a whole. if we don't change something soon, we're going to be in dire

straits. stuart: i don't think new york city returns to anything like normal for years and years. i'm not going to put a number about years on it but it is way out there in the future before we get back to anything resembling normal. what do you say? >> stuart, what you're see something history repeating itself, which is unfortunate. if you recall back in the 70s, '80s, new york city was the slums. until you saw mayor giuliani come actually lift the city up, clean it up, make sure we care about private property, make sure we care about flourishing business, and drive tourism to new york city. that is what it become as it once was. now mayor de blasio has taken over it is in shambles. as the radical left take over new york city, high shake the democratic party, the democratic party of jfk is gone. radical left replacing it with all the socialist mentalities and theories that in effect

don't actually come to fruition when put in practice. you're seeing those effects take place today. stuart: tell you, mike, every day on this program we show our viewers a live shot of times square other sixth avenue, the beating heart of new york city and every day we show those two places virtually deserted. that is sixth avenue on the screen right now. earlier it was times square. deserted. that's not the way it is supposed to be. mike, thanks for being with us this morning on a very important subject for those of us who live in and around new york. thanks, mike. >> appreciate it. stuart: gun stocks, look at them, on the upside, i have a cross the board. lauren, background checks for gun purchases, i think they spiked in new york state. tell me how much. lauren: so the fbi processed over 52,000 background checks in june alone for new yorkers, looking to legally buy guns. that is 121% spike from last

year. it comes from "the new york post." it was sparked at first bit coronavirus. then you saw the riots and shootings. new york alone, 205 shoot national june, the most for june in a quarter century. what is different this time around about the gun rush, it is driven by i need to protect myself, personal safety. opposed to threats to limit your gun access. that is usually what we see. when an administration comes down, threatening to take your rights away, you go out to buy a gun. now it is personal safety. stuart: yes it is. got it, thanks, lauren. chicago, you might say it is on edge. looters took aim at the magnificent mile overnight. by the way of mayor of chicago calls it an assault on our city. that is the mayor of chicago. grady trimble is there. tell me about the damage, grady. reporter: stuart on edge is an understatement this came from seemingly out of nowhere. this is a macy's on the magnificent mile. that iconic stretch of retail

here in chicago. they targeted handbags and other items. particularly they targeted cash registers. this is one of many locations. in some senses it feels like deja vu. a lot of same types of stores were hit. retail locations on the mag mile and liquor stores. in many cases the same exact businesses hit last time were hit this time. the police superintendent here in chicago, over 100 people were arrested. 13 police officers were injured as what he described as a very organized process. listen. >> this was not an organized protest. rather this was an incident of pure criminality. this was an act of violence against our police officers and against our city. reporter: there are many police officers here on the mag mile and the loop, the business district of the city. they plan to stay here throughout the day to make sure

this area remains safe. they also say they're moving into the neighborhoods now to make sure those areas stay safe, stuart. but like i said, in many ways, this is deja vu. almost exactly like what we saw a couple months ago. only this time around there were no large gatherings or protests preceded this. this is rioting started overnight when many people were asleep. this damage is what they woke up to. stuart: how can you expect to bring our great cities back with stuff like that going on? i just cannot imagine. grady, thank you very much, sir, appreciate it. did you look over grady's shoulder, see another deserted downtown? that was chicago. president trump's executive order on the payroll tax pause criticized by democrats. however, economist stephen moore calls it a game-changer. he is on the show in our next hour. speaker pelosi insisting china prefers joe biden over president trump. watch this.

>> i have no, take no -- for saying this, what the nine niece say, what they said china would prefer joe biden. whether they do, that is their conclusion, that they would prefer joe biden. stuart: isn't that because joe biden will be soft on china, not hold them accountable? certainly we'll debate that story for you. ♪. looks like they picked the wrong getaway driver. they're going to be paying for this for a long time. they will, but with accident forgiveness allstate won't raise your rates

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now you can trade stocks and etfs for any amount you choose instead of buying by the share. all with no commissions. stocks by the slice from fidelity. get your slice today. stuart: my take, top of the hour, remember it? i spoke about president trump playing hardball with china. well he is playing hardball with china and they have retaliated. two items. they have arrested jimmy li, who is a hong kong democracy proponent and a leading figure there and they sanctioned american senators ted cruz, marco rubio and others. christian whiton with us now, former state department official. christian, for the first time ever an american president is pushing back real hard on china. i like it.

do you? >> certainly, yeah, it is a big contrast from the previous administration too. it is things like this,. stuart: this too, focusing on hong kong and delisting chinese stocks which pose systemic to u.s. markets. they don't play by the same rules as u.s. companies do. reorienting our military in the way the obama-biden administration said they were going to do and didn't do. very tough steps against the chinese. stuart: i get the feeling that beijing thought they got this president on the run. he is down in the polls. they thought they could wait him out until after the election. he could go away and they will deal with biden. think i think they got a shock when president trump responded very strongly with tiktok, huawei and other moves. i think china is surprised at our president's strength. what do you say? >> i think so. originally the chinese really

thought they were, they got lucky. they got the mar-a-lago very early in the presidency. they thought they could go around the national security council, get to the president directly. he would be very similar to other presidents who talked tough but basically gave them everything they wanted. that is just fundamentally not true. the trade relationship has changed dramatically. it will continue to change. you know we used to talk about where we delink or not. that is sort of happening on its own thanks to chinese malfeasance. a completely different ballgame. a complete reversal of the trend when china got into the world trade center in 2000, thanks in large part to joe biden, where it got away with really two decades of whatever it wanted to today where they are being pushed hard on trade and security. it is not just the united states. we put together a coalition of the willing. no one wants to call it that but even european countries coming around, united kingdom finally agreeing with the united states they would remove huawei from

its sensitive telecom systems. stuart: national security advisor robert o'brien, that china is using cyberattacks against our election infrastructure. you know anything more about that? >> no i think there have been some background discussions about it. yes the chinese are extremely aggressive in the digital realm. it always gotten sort of a chuckle about the minimum effort or impact the russians had on the 2016 election there was foreign interference in election before that. it was the 1996 election when the chinese went out of their way to help bill clinton and funneled significant funds to him. the russians get the headlines. the chinese have been at it for a while themselves. they have more additional savvy than the russians. thankfully at least some of our senior officials are looking at. stuart: president trump is clearly playing hardball with china. is he winning? >> i think so. it takes time. if you look at the 1984 election, people would say this ronald reagan guy, he has been

so tough on the soviets, what has it gotten us? gotten us a lot of acrimony. allies are upset with us. angered the world and spent money on the military and hasn't yielded anything. two years later took ronald reagan to get reelected to make the soviets realize they have to deal with man. we got the inf treaty in 1986. a few years after that the soviet union collapsed after that preceded bit union bloc. we're calling xi xinping's bluff. his answer is to be hard-line on everything. i think the chinese communist party, the people who keep them in power seeing a consequence. xi's hard-line on hong kong advanced democracy and independence there. hard-line on hong kong. he hasn't distinguished the hong kong dissent movement. he can change the rules of the game but he can't end the game. i think eventually the hard line will pay dividends. we're taking good defensives steps but there is more to come.

stuart: thanks very much, christian. see you again soon. >> thank you, stuart. stuart: tiktok's problems with america, we know all about that. that seems to be giving a boost to a competitor. that would be trilla what more do we know about this, suzanne? susan: another apto explain in the future. trilla number one downloaded iphone app, that start august 1st, when you heard about president trump's tiktok ban. the app has been downloaded 250 million times worldwide. five-fold surge from the 13 million monthly active users they saw in october. five-year-old trillioner got boost, dickal tiktok biggest stars would make trille. weekend, snoop dogg, are investors in trille. you have deals with warner

music, sony un, universal. trille has a lot going on for it. instagram reels launched last week propelling facebook's stock last week. that is the reason why it rallied. a lot of buzz on social media. it might not be the end of tiktok, stu. they might be suing against the trump ban according to npr. twitter as a possible suitor but microsoft is the possibly winner. stuart: does people reduce moving away from tiktok, does that reduce its price? susan: i was arguing with that is 30 billion too high, 50 billion too high? we have the lot of competition. people are migrating to other apps instead. that brings down the value, if you're looking for whole global business instead of what microsoft floated u.s., canada, australia, new zealand that is a

whole different geography and price tag that comes with it. stuart: probably, susan, thank you. this is not sure i'm understand. record labels and performers confronting jeff bezos over music royalties from amazon owned twitch. sort it out please, lauren. lauren: okay, the artists rights alliance writing a letter to amazon ceo because amazon owns twitch that they must be paid royalties when their songs are streamed in the background own games or mixed recordings on the twitch platform. they don't want others to have access to their material that amazon has not licensed from them. so bottom line, this becomes another headache for bezos. he is answering to demands from users, regulators, vendors and now the rights holders. it raises the question, who has legal responsibility in the booming digital age? everybody is going on twitch now. who should pay for that? in the past with youtube, for

instance, you could almost say that regulators turned a blind eye. if there were a lot of requests that you take songs down and you did, it was excused. but now there is an overwhelming number of artists writing to twitch saying you're not paying us. take this down. it might become overwhelming for the site. stuart: fascinating. i do understand it. thank you, lauren. it is hard to understand these things. but that was good, that was very, very good. amazon's stock is indeed down. meanwhile, look at this, very solid rally for the dow industrials. this is the high of the day up almost 270, 280 points, 27,700. that's where we are. look at disney rolling back operating hours at did disney wd in florida. most of the parks will see visiting hours cut by one to two hours. that will start in september. not a good sign getting back to normal. disney holding at $130 a share.

84 days to the presidential election. i think chaos is coming because of, mail-in voting. sean hannity will be our guest in the next hour. he has a new book. he will talk to us about election chaos as well. he is on the show. president trump trailing joe biden in arizona. the state used to be a republican strong hold. what's going on? i'm asking arizona republican congresswoman debbie lesko. she is on the show. the photo on your screen of a crowded high school hallway made its way around the internet t was taken by a student in georgia. there has been since a virus outbreak at that school. details for you coming up. more "varney" after this. ♪.

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♪. stuart: i'm concentrating on the dow industrials because there is a very nice rally going up there we're up 250 at this moment. apple, nike, both dow stocks. doing very well. look at this, royal caribbean, some good news coming from their chief executive. he says they might be able to resume cruising in china and australia come october and they see a rise in bookings. the stock has been up 9%. again it has been horribly depressed. joe biden leading president trump in arizona by four points, 49-45. arizona republican congresswoman debbie lesko with us right now. your state used to be a republican strong hold. what changed? >> maybe all those liberals moving in from california, i'm not sure. sometimes they forget the reason they left california i think. but you know what? i just don't believe those polls. i'm sorry. i went walking door-to-door, knocking on saturday along with

a bunch of volunteers. and we were hitting swing voters, people we weren't sure about. we asked them three questions, basically. are you voting for donald trump, are you voting for martha mcsally. since it was in my congressional, are you voting for debbie lesko. i can tell us these people were passionate about supporting president trump. in fact they gave me this whole story about how they were democrats and how they have, the democrat party has gone crazy, especially with defunding police and, they're voting for trump. so i don't see it. i think maybe what's happening is that people are not answering the polls accurately, for instance. my husband was called on one of these surveys and he went after them, because he doesn't know who the survey is coming from. he doesn't know if somehow he will get targeted. stuart: sure.

>> a lot of that is going on. stuart: tell me about reopening the schools. i believe you want to return to in-classroom education but i put it to you, it's not going to happen and you face a fight from the teachers union. what do you say? >> oh, man, do i want an option for in-person school learning. i think a majority of parents do too. that is the polling i have gotten, a majority of parents want the option to send their children into school. unfortunately the arizona department of health services has worked with the democrat education superintendent here and they have come up with this analysis of how you can open schools. well it is so difficult to reach. so right now schools that were going to open on august 17th, now have delayed it because of these health guidelines basically say you have to have less than 10%

positivity rate. right now we're at 12 1/2% of the tests come back positive. you have to have less than 10% hospitalization visits for two solid consecutive weeks. we're right now at 9%. so if next week we go to stay at 9% or less, that's good. we also have to have case decline for two weeks. my question is, what happens if we do this for two weeks, then it goes back up? do they open the schools and close the schools? stuart: sure. >> this is total insanity. we need to open up the schools and give parents an option. the interesting thing is that governor ducey has ordered the schools to have some kind of an open place for students to go to do virtual learning. they're thinking of partnering with boys and girls clubs. are you saying the employees of boys and girls club, their lives are not as valuable as teachers?

this is just pure insanity. i want the schools open. stuart: i take your point entirely. i think at some point we got to bite the bullet. you got to do this thing. you can't stay remote learning forever. it is bad for the kids, bad for the parents. bad for everybody i think. debly debbie lesko, thank for joining us. we'll talk to you at some point in the future. >> thank you. stuart: do you remember that photo the left-hand side of the screen? a packed georgia high school. turns now cases of the virus reported after that picture was taken. what's the situation, lauren? lauren: this is a blueprint what you don't want to happen this fall. this georgia high school is closing two days for a deep cleaning after photos like this went viral, students packed tight in the hallways not wearing masks. exactly what you're not supposed to do. six students tested positive for

the virus. three staff members tested positive for the virus. now that school is closed today or tomorrow. anyone with a positive test or in contact with someone with a positive test, must self-quarantine for two weeks, by the looks of these pictures, this is lot of people might not show up for school if and when school does reopen wednesday. stuart: getting back to school, classroom learning very tough in this environment. thank you, lauren very much indeed. historic spacex splashdown last week, already elon musk is working on a new space adventure. he signed a contract with the air force which we'll tell you about. virgin galactic have plans for supersonic jet. it is the concorde reimagined. we have details. ♪. i like liberty mutual. they get that no two people are alike and customize your car

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stuart: this is a "fox business alert." what you're looking at is the aftermath of an explosion in the baltimore area. this is the scene, massive explosion. it involved three homes. by the looks of it utterly demolished. at least one person killed, two others transported to the hospital in serious condition.

that just happened earlier this morning in baltimore. got it. check the market, we come back a little bit. the dow was up 250 moments ago. it is up 178. wig drop for the nasdaq. nasdaq turned negative. that has taken steam out of the dow industrials. spacex, they have a long term contract from the government. i think it is with the mail military, isn't it susan? susan: right. for one billion dollars. elon musk and spacex has been finally been able to break the boeing and lockheed martin when it comes to satellite launches. spacex will split three dozen launches with lockheed and boeing's joint venture, launch alliance. spacex getting 40% of the missions and 40% of the

contract. this ranges too $4 billion to $6 billion. musk beat out amazon's blue origin and northrop grumman for pentagon trusted contract this is a big deal. first mission to the iss safely returned to earth. looks like spacex, elon musk do very well there. stuart: nobody mentions sir richard brand sown's space operation. susan: that is tourism though, right? more for tourism. it is to the edge of space. they will train astronauts that go to the iss. stuart: true. hold on a second, susan. we have more here on virgin galactic. they have a new supersonic jet. is the revisit of the concorde? ashley: exactly what it is, stu. this concept plane they hope will in fact fly, capable of flying at mach 3, greater than the sound barrier at an altitude

of 60,000 feet. you remember back in the day, concorde was retired back in 2003, it could carry anywhere from 92, to 128 passengers. stu, you were one of those at one point. this new plan can only carry between nine and 19 passengers depending on the configuration of the cabin very much reminiscent of the old british-french concorde. they're trying to come up with the technology that reduces the sonic boom. if you remember that, i used to live in the uk, concorde went through the sonic boom pretty close to our house. we would hear this huge thunderclap. what the heck was that? we were figuring out that concorde was going mach 3. they're working with rolls royce, who else, for the engine. stuart: concorde, you look out the window, 58,000 feet, you're so high you can see the curvature of the earth.

that was really something. it was like a spaceship. it really was. ashley: yeah. stuart: ashley i will move on to something completely different. is that okay with you? ashley: you go ahead. stuart: monty python. stuart: speaker pelosi slamming president trump's executive orders. watch this. >> he says he is going to do the payroll tax, what he is doing, is undermining social security and medicare. so these are illusions. stuart: well, speaker pelosi was referring to there, was the payroll tax pause. economist stephen moore who is on the show shortly calls actually a game-changer. again he is on the show. ahead, sean hannity a lot to go at with him including mail-in voting and biden's veepstakes h stakes. don't miss that. sean has an opinion on everything. mid-american conference cancels the entire football season.

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just really turned around. most of the big tech stocks are now down sharply. however, we do have some gains in boeing and caterpillar. that's two dow stocks. that's supporting the dow. the same with nike, which earlier hit an all-time high. dow stocks helping the dow retain right now a triple digit gain. look at this. earlier, kodak was halted. their $765 million government loan put on hold. regulators looking into allegations of insider trading. trading has resumed but it's still down 30%. breaking this morning, china sanctions six u.s. lawmakers including senators ted cruz and marco rubio. don't know exactly what the sanctions are but they are sanctioned. it comes in response to the u.s. sanctioning 11 hong kong and chinese officials accused of restricting political freedoms. now this. president trump takes dramatic

action. congress can't agree so he signs executive orders to extend virus relief to the unemployed, to renters, to students and to small businesses. the money is going to flow. speaker pelosi and senator schumer are out in the cold, bitterly complaining. "the washington post" headline, democrats assail trump actions on payroll tax and jobless aid as unworkable. really? the unemployed used to get $600 a week. what's unworkable about the new arrangement, $400 a week? unworkable? another "post" headline, trump's directives spark confusion for state officials, businesses. confusion? nah. they're just looking for any old negative. look at this headline. trump's routine after talks fail with congress, signing legally dubious executive actions. oh, dear. even if the unemployed, renters, students and small businesses get help, the "times" will

always find something wrong. speaker pelosi calls it absurdly unconstitutional. senator schumer says it won't do the job. the president has pulled off a political coup. there was wide agreement that more help is needed but for the speaker and the senator, it was our way or the highway. the president called their bluff. so now the democrats are in a difficult position. are they going to court to deny the unemployed the extra $400 a week, stop the payroll tax pause that helps all small businesses, they going to do that, go to court to stop you getting your money. joe biden still in his bunker, still dit hering over a veep choice, what's his response to mr. trump's virus aid? he put out an e-mail calling it an assault on social security. they made a political miscalculation. they wanted a $3 trillion giveaway that they thought would propel them to election victory. they thought they could bully

president trump. good luck with that. i want to get some reaction from stephen moore. he's on the president's economic recovery task force. stephen, the democrats hate this but i think you really like the payroll tax pause. spell it out, please. >> do you remember exactly one week ago to this day, to this hour, i was on your show, you said the payroll tax dead and i said no, donald trump is going to come and do this and i had this piece in the "wall street journal" explaining how the president do this and he's really carried it off masterfully. i agreed with everything that you just said in your commentary there. this really has flipped the tables on pelosi in a very effective way. he was cornered, pelosi basically said to steve mnuchin and mark meadows unless you guys roll over three times and wave the white flag of surrender on every issue, it was more like a

surrender rather than a negotiation and now trump has put those on the table, he has done three or four things. by the way, the payroll tax cut is absolutely constitutional, it's legal, he has the authority to do this. i'm not sure about the other three. i'm not a constitutional scholar. but i do know he has the authority to do the payroll tax cut. but this has put joe biden and nancy pelosi in a very difficult position and for example, you just noted that i forget whether it's pelosi or maybe both of them said this is going to blow up social security. wait a minute, ten years ago when barack obama cut the payroll tax, pelosi and biden said this is the best thing that's ever happened for the middle class, this is wonderful, no, this isn't going to, you know, hurt the social security trust fund. but now that trump does it they are saying just the opposite. they look foolish. stuart: i think not only is it an economic win because the money will be getting out there and it's helping evictions, it's

helping students and it's helping emergency unemployment but more than that, i think it's a political win. i know you are an economist and you talk about business but this is a political show to some degree and i think trump just pulled off a big political victory. what do you say? >> i think it was a master stroke. i agree with you entirely. i am involved in politics although i'm an economist but i got to tell you, for the last month or two, conservatives have been in a funk. they have been very demoralized. it looked like trump was going to totally cave into nancy pelosi, we were going to get a terrible deal that was going to divide the republican party and instead, he's unified the republican party behind these ideas and i got to tell you, i got literally dozens and dozens of calls from conservative leaders around the country saying we're pumped up, we're behind this all the way. i think you put it very well. this is a game changer in terms of the election. i think this went from a race

over the weekend, from a race where joe biden was the clear favorite, now you've got basically a real game on toss-up race. stuart: i just like to see joe biden get out and about and see what he's got to say about all the issues of the day instead of sending his wife out there to do the actual campaigning. but that's the way i am. stephen moore, thank you very much for being with us. guarantee to see you again soon. >> i told you we were going to get this payroll tax -- stuart: you did. i said no, no, no, not a prayer. i'm sorry, i was wrong again. see you soon. good luck. now, look at big tech because there's a real turn going on there. all the big tech names are down. susan, any explanation? susan: i think we have some profit taking. the big stock, look, are very expensive right now, big tech is, the price you're paying for them compared to what they are expected to earn is at the

highest level since 2004, 36 times on the nasdaq the average over the past decade has only been 22 times. it's been an incredible run for these tech stocks, especially during a global pandemic with the nasdaq 100 adding 2.9 trillion this year. there's a pretty high bar for these tech giants and what these astron astronomic prices tell us is investors think they will dominate from this pandemic, people will shop more on amazon, use more cloud, socialize more on facebook and use their apple iphones more. tech makes up more than a third of the s&p 500, more than health care and consumer discretionary combined. when did you last see that? i think it's been profit taking that's taking place. stuart: as you well know, i go way back and no, i have never seen anything like this before. that's a fact. susan: guess what's the biggest tech company back in march 2000? they report earnings this week. it's probably a historical -- great historical example of what happens. stuart: biggest tech company.

susan: march 2000. overtook microsoft. it's called cisco. remember that? stuart: good lord. susan: exactly. stuart: that's a shock. that really is. by the way, one of the stocks that's missing off that list is netflix which is down 3%. that's down 15 bucks. there's some selling across the board. i notice apple has just bounced back, up 15 cents right now. thanks, susan. quick check of disney, rolling back operating hours at disney world in florida. they are cutting visiting hours one to two hours per day. that starts in september. not a good sign for getting back to normal. the stock is only down 50 cents, though. sea world, disastrous quarter. revenue down 96%. they brought in only $18 million. we knew it would be bad so when you actually get the news, the stock actually goes up 30 cents. royal caribbean, the ceo says they could resume cruises in china and australia by october. the market likes that. it's up 8%.

hyatt hotels will now require face coverings for guests at all hotels. if you don't have one, they will give you one. the stock is up 5.7%. marriott, the hotel chain, another dismal quarter. is there some good news from the ceo, lauren? lauren: $234 million loss, revenue down 72%. here's the good news. the worst is behind them. they expect new bookings in north america to continue through labor day and maybe into the fall, if the kids are home from school. families have more freedom to take vacations, right? i want to show you the wider industry that marriott is playing in. hotel occupancy. it has risen in 15 of the past 16 weeks, standing at 49%. rooms are averaging about $100 a night. $25 less than last year. but improving. the hotel industry is clawing its way back to 2019 levels.

stuart: thank you, lauren. we keep talking about returning to normal. one of the things we would like to see return to normal is air travel. we just got the latest read on the number of people who went through airport security over the weekend. what's the news, ash? ashley: it's getting better. let's put it that way. we are starting to get higher numbers, which is indicative slowly but surely. these numbers go from last thursday to yesterday, sunday. if you look at them, 743,000 on thursday. the big day was yesterday, 831,789. the same period last year, tough comparison regardless, 2.647 million. but we are starting to see the rise. interesting, i was speaking to someone this weekend and they had a relative come in and they were complaining that the plane was absolutely packed, forget, you know, an empty middle seat. it was absolutely chock-a-block.

people don't want to fly under those circumstances but the problem is airlines have cut back capacity so much, those planes that are flying are absolutely crowded. stuart: yeah. i can see it. they cut back the number of flights so much, there is a demand out there and it's being filled. thanks, ash. look, violent protests take over some liberal cities, fox news host sean hannity says the u.s. quote, is at a tipping point. that unrest inspired him to write his first book in ten years. he joins us later this hour with a preview of it. tiktok reportedly plans to sue the white house as early as tomorrow. how could that affect a possible sale? we will discuss. first, the mid-american conference can sells entire football season. now the big ten is reportedly following suit. will there be college football this season? we will deal with it next. ♪ you doing okay?

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stuart: college football news. the big ten reportedly, reportedly voted to cancel its season. this is one day after the mid-american conference canceled all its games this fall. some top college athletics directors from across the country say it is inevitable that all college football will be canceled. super agent leigh steinberg with us this morning. that sounds extremely negative. what's your outlook for college football, first of all? >> good morning, stuart. i think that they can still go ahead and play college football. the other major sports, the nfl,

is just getting started, baseball is being played, basketball is being played, hockey's being played, and there's a psychological impact of one conference canceling that sets off the fear and anxiety factor, but i don't see any reason why with the right safety precautions, that they cannot play and the economic ramifications and impact of not playing is large. stuart: it's huge. i got that. but look, i mean, football, you know more about it than i do, but it's a contact sport. you get real close to people. they're not going to play these games, the teams are not in some kind of bubble like the nba. you really think you can get a full college football season this year, really? >> i do. i think that if you test players every day the way that's happening in other sports, i mean, safety clearly is the number one concern for these student athletes but if you test

them every day and if you use all the safety techniques that we have, i believe that it can be played safely. now, in the nfl, we had 69 players opt out and if college players want to opt out, i think that's fine, but the majority are playing and no one really knows, this is brave new world, so it's an unprecedented situation and if they go forward with it and it doesn't work, they can just cancel the season. stuart: yeah, what happens to the nfl if indeed worse case, they cancel the season? what happens to the players? do they get paid? >> well, the players who are opting out get $150,000 salary advanced for next season. but if it was canceled and you

now have no television revenue, the players are on a 47/53 in the favor of owners split in revenue so it depends what the revenue is. for example, if they don't have fans in the stands, a team like the dallas cowboys made about $920 million last year and $620 million of it had to do with the stadium. so just not having fans would be a huge hit. but the ramifications are huge for television, they're huge for a whole series of workers. we're going to play the nfl season. stuart: what are you telling the players that you manage, the football players whose careers you manage? are you leaving it up to them saying it's your call? are you saying that? >> absolutely. because when it comes to health and safety concerns, they are

the top priority. and players have to make those decisions for themselves. they have three categories. one is if you have a pre-existing condition, then the nfl will allow an opt-out, then they give a $350,000 stipend for this year which doesn't have to be repaid. if there's no pre-existing medical condition, they give $150,000. and that is a salary advance and if a player were to ma-- were n to make the team the next year, we have to pay it back. otherwise it's totally a function of how many fans we have in the stands. i think if you take fans' temperature, if you have them masked, you could design a seating chart that has people socially distanced so we might not have total fans and total gate revenue but we would have some portion of it.

stuart: you think we will actually see fans in the stands? at the moment, it looks less and less likely. i think you would admit that. >> we love football and miss it. once again, if there's social distancing, it's outside, the wind is blowing, it's a much safer circumstance than would be true in an indoor arena. but again, safety's the number one concern but yes, i think they will end up having fans. two teams have said they won't have any in-game attendance and those are the las vegas raiders and baltimore ravens but the rest of them have not made a definitive decision. stuart: leigh, you are putting a rosy spin on this. >> it's my business. stuart: exactly. you are good at it, too.

leigh steinberg, thanks for being with us. it's a very difficult position for any player, any coach, any athlete, any manager. very very difficult position to be in. i hope we can get back to somewhere like normal as soon as possible. leigh, thanks for joining us this morning. appreciate it. >> you're welcome. stuart: let's get to golf. come in, lauren. tell me about this miracle shot at the pga championship. lauren: let's cue it up and show it to you. everybody is talking about this. 16th hole which curves to the right, the wind was coming from the left. so 23-year-old phenom grabs his driver and took a chance. he set up for a left to right shot and nailed it. he won the pga tournament and near $2 million in prize money that came with it. i'm waiting to see that long drive. when you didn't think he could fumble, he did. he pucks up the wanamaker trophy in celebration and the lid falls off and fell loudly to the

floor. look at that face. pri priceless. stuart: we didn't get it cued up. it was on 16th hole, a long drive. did he drive the green? did he get it? lauren: he got it. i think it took two shots but it was so unexpected and he grabbed the lead and kept it after that. stuart: that was it. that was it. i saw it. thanks very much. see you again later. quick stock check. bp, they have been crunching the numbers. how much is it going to cost them to become a greener energy company? turns out it will cost them tens of billions of dollars over the next ten years. nonetheless, the stock is up. it's being severely depressed recently but is up 30 cents this morning. ford introducing a new feature on their new electric mustang. it pumps the engine noise into the interior of the car. i guess they want an electric car to sound a bit more muscular. the stock has made it to $7 a share. come back in, susan.

china's xpeng motors, electric car company, going to appear on the new york stock exchange? susan: yeah. electric car stocks are hot. a lot of them have tripled so far this year. yes, you should care. they are also favorites of the robinhood day trading brigade and there has been a lot of money flowing into these names. xpeng is the china tesla competitor filing for a $100 million ipo. this will be on the nyse. right now they only make an suv and a sedan that competes with tesla's model 3. china's electric car sales have surged after covid and i just want to say congratulations to collin morikawa. 23 years old, right? stuart: i wish we could have shown you that shot because it really was a game changer and championship changer, actually. you know, i was watching a bit of the golf yesterday but i faded. it's not like it used to be with the crowds and the roar of the crowds and each different shot. how about you? you still watching sport?

susan: in pro golf i think there's only four 23-year-olds and younger that have won the pga, rory, tiger, jack nicklaus. great company to be in. stuart: i should have watched it to the end. how about this. so-called influencers could make seven figures for making dance videos on tiktok. but what happens to their paychecks if the app is banned or sold? we will deal with that next. ♪ apps are used everywhere...

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stuart: all right. we are holding on to a gain of 2ed had poin2 00 points for the dow but turned negative for the s&p and nasdaq. big tech is down today. let's move on to tiktok. question. what happens to those influencers, content creators, if the app gets bought out or maybe banned? here is ariana jacob, founder and ceo of influencers, a talent management company for tiktok stars. you know a great deal more about this than i do, i being old enough to be your grandfather, but tell me more about what your clients, the people you manage,

the stars of tiktok, what will they do if tiktok is either banned or bought by microsoft? >> thank you for having me on. so my clients, you know, this is their primary source of income and they are going from sometimes 10, 20 million followers and you know, advertisers may not see the same return on investment if they leave and go to another platform with a much smaller audience. so sometimes it's bigger than network television so rebuilding that from scratch can be a daunting task. stuart: are they going to leave tiktok? >> you know, it's kind of like social media is probably the biggest popularity contest in the world so you can imagine if you are the most popular kid in school, and your parents say you have to leave and move across the country, how are you going to feel about that, starting

over. of course, sometimes your parents leave for a good reason and you kind of just have to make the move but doesn't make it any easier. stuart: could your business be truly disrupted? >> i think our business is constantly changing so you really have to be resilient and we're used to change over here. i saw when tiktok really exploded in august of last year, and so we're kind of ready for it and it's just constantly changing. so you know, it wasn't too long ago that people -- stuart: what exactly do you do? how do you manage tiktok stars? what do you tell them to do? >> i think that, you know, they really need to learn how to be -- do long form content so youtube is a great platform. i think that hopefully, tiktok will get bought by microsoft and hopefully microsoft doesn't kill it off. that's sort of what the creators

are a little bit worried about. they are excited about it staying, they just -- hopefully they want it to stay the same and the tiktok algorithm is really unique in that it amplifies your post so you could be a grandmother in arizona and you know, you could learn how to do a dance and the next day wake up to 500,000 followers or a million followers. it's not exactly like other platforms where you have to be the most beautiful belle at the ball. you could be somebody really creative and talented so that's really the spirit of tiktok. i think that as long as they can keep their community which they have built on tiktok, then they will be fine. stuart: i guess. i don't know tiktok very well. i don't know it at all, to be perfectly lone ehonest with you i'm sure you run into people like me all the time. do your stars put out a tiktok video every day, or more than

once a day? is that -- you are nodding. they do that? >> yeah, they -- the algorithm on tiktok actually wants you -- the more you post, the more views you can get and yeah, sometimes they post three to four times a day and the best way to describe it, you have a huge audience here and imagine if you had to go to a new network that was relatively -- that wasn't going to have the same amount of reach as you have right now, it would be a little bit -- how would you feel? stuart: i wouldn't be happy. that's the truth. i really would not be happy. how many stars do you manage? >> we manage about 45 content creators. stuart: 45. and forgive me for asking a typical stuart varney question, but do you take a piece of their action? so for 45 stars, they are all

earning money. do you take, say, 10% of what they make? >> well, not all of them are earning money right away, right. so we have creators that i found when they had 10,000 followers. there's a cute little boy and his dad that dance and i found them when they had about 10,000 followers and now i think they have 6.5 million on tiktok. in just a matter of a few months. stuart: do you take a piece of their income? they have 6.5 million followers. you have a piece of that? >> yeah, we have a percentage of what we can -- what they make basically. stuart: so you look, you are trying to discover people. that's what you are trying to do. right? >> yeah. we're the best at it. stuart: what do you look at? what do you look for? somebody who's got a smart dance routine or something? >> no, i think it's more about somebody that has a specific niche that they do that's different than anybody else. so we want to --

stuart: hold on. hold on. you think there's a niche for me on tiktok? doing financial news? not dancing, no smart moves, just put to music my statements about the financial market? would you like to manage me? >> i think you would be pretty good. i think we could do a rapping finance news show on tiktok. you could be real creative on it. stuart: probably not going to happen. my own personal representative is going crazy at this point because of my threat to leave. ariana, i found that really interesting. i do understand your business a little bit better now. come back and see us again soon, okay? >> thank you so much for having me. stuart: sure thing. >> have a good one. stuart: good stuff. check some individual stocks. first of all, foot locker up 7%. huge quarter from them. footwear sales went straight up. it's only going [ inaudible ].

again, the stock is up 7%. nike, well, another footwear company. they were helped by foot locker's news. that helped them get to a brand new all-time high, $106 a share. they are a dow stock. they are helping the dow. amazon, simon property group, the "wall street journal" says they are in talks to turn some of those empty mall stores, sears, jc penney, turn them into amazon fulfillment centers. simon property group up 8% but amazon down nearly 40 bucks today. let's talk marijuana. lauren, tell me about canopy growth, which is up 10%. lauren: all right. good formula. they lost less money and they sold more product. investors are celebrating. they now have the number one market share in cannabis-infused beverage market in canada and they are optimistic they can continue to cut costs, that saves them money, because they are struggling with an industry-wide supply glut,

believe it or not. consumers that want, well, everyone is trying to save money, cheaper marijuana. tilray shares are also surging ahead of their earnings which are after the bell. investors also want to know is tilray burning through less cash. in the recent past they invested so much trying to differentiate themselves from their competitors, and that costs money. their stock, while it's up 6% now ahead of earnings, is down 56% this year, believe it or not. stuart: i guess you could say marijuana is a pandemic winner. well, some marijuana companies are a pandemic winner. not all, by any means. consolidation. now we've got to take a look back at big tech. this is one of the main movers of the day. all of them except apple now down. susan, what's happening? susan: look, we know big tech is expensive and the price you are paying for them is pretty high compared to what they will earn. we are calling this a valuation, highest level for these stocks since 2004. 36 times earnings, that's what we are looking at on the nasdaq,

whereas the average over the past decade has been around 22 times earnings but look, wouldn't you say we have seen an incredible run during this global pandemic, record earnings as well than we have seen in the recent quarter. there's been a high bar set for tech giants and there is some profit taking we're seeing. stuart: they have had such an extraordinary run-up, you can understand taking money off the table. susan: we haven't brought up the fact apple got a street high price target from wedbush, $515. that's why the stock is up. stuart: $515 a share for apple from dan ives. yeah. the wedbush guy. okay. the dow is up 200. apple has turned around. now it's up another $2 a share. more "varney" after this. tara, did you know geico is now offering an extra 15% credit on car and motorcycle policies?

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stuart: dow is up 200. the nasdaq is down 90. that's the state of play. look at mcdonald's. they are now suing their former ceo, steve easterbrook.

he allegedly lied to the board about a past relationship with an employee. the stock not noticing that, not much movement there, down 60 cents. $203 a share. listen to this. the champagne industry are going to take a $2 billion hit this year. after all, weddings, celebrations, canceled all round the world. jeff flock is in chicago. jeff, what's going to happen to all those unsold bottles? reporter: there's a lot of them, stuart. no question. i come to you, by the way, from the famed gold coast room here at the drake hotel in chicago, which has probably popped the cork on more bottles of champagne than any other venue in the last hundred years or so. amy mccardle, the general manager, what are you opening there? >> we have a non-vintage rose. reporter: the difference between vintage and non-vintage. vintage champagne, you can keep longer. stuart is asking what's going to happen to all the unsold bottles? you can actually retain them? >> great question. so the vintage champagne will hold for an additional five

years. vintage champagne will age up to ten years. non-vintage will age between three and five. reporter: then i got to throw it out or drink it? go ahead, put the numbers up. stuart, you mentioned $2 billion in lost sales this year for the industry. we think maybe 100 million unsold by the end of this year. you keep them in your cellar? >> we do. we have an extensive cellar. reporter: tell me this. this venue, stuart, if you ever want to get married again, i have been tempted a few times, you could rent this place out. everybody is moving their wedding to next year. what have you done? >> yes. we have actually moved 65 weddings. between march and the end of this year, we have successfully moved 65 weddings all into next year. so 2021 is going to be an absolutely banner year for the wedding industry and the champagne industry. reporter: people want to have their wedding the way they want it. if you want to have another one -- stuart: i knew -- all i want to

hear is a discount, a discounted dom perignon. perish the thought. that's what i was expecting he was going to say. i will move on swiftly. drink your wine, lad. get on with it. all right. let's get serious. attorney general bill barr says democrats are grossly irresponsible for pushing mail-in voting. watch this. >> i think the people who want to experiment with different ways of voting right now which are predictably, you know, can predictably create problems are playing with fire. stuart: i think mail-in voting creates chaos this election day. what does sean hannity think? i will certainly ask him. hannity is next. ♪ we made usaa insurance for veterans like liz and mike. an army family who is always at the ready. so when they got a little surprise... two!? ...they didn't panic. they got a bigger car

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stuart: very interesting market situation going on today. got a full-scale rally for the dow industrials, up 240 points. we have reached 27,676 to be precise. nike is up, that's a dow stock. hit an all-time high earlier. we have boeing up $7. that is a dow stock. we've got apple, though, that's turned around a little bit. apple is now up, i'm looking on

my thing here, apple is up just two bucks. but that's enough to keep the dow with a 200 point gain. the other story of the day is the nasdaq composite. as you can see, we've got the big tech stocks, all of them down except for apple. that's the big change on the market at this moment. just got to get sean hannity ready. we will take a short break. after this. my husband and i have never eaten healthier. shingles doesn't care. i logged 10,000 steps today. shingles doesn't care. i get as much fresh air as possible. good for you, but shingles doesn't care. because 1 in 3 people will get shingles, you need protection. but no matter how healthy you feel,

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stuart: and now, as promised with 84 days to the election as promised we have with us sean hannity. let me see him. make sure we've got him. long time, no see, no talk. okay. >> i was earlier listening to you talk about champagne wishes, caviar dreams, there is the next host host of life-styles of the rich and famous. stuart: you have the great book, live free other die. i want to get to that in a moment. serious stuff, sean. i think we're headed toward election day because of mail-in voting. a delay and contested election seems inevitable at this point. i think that is a disaster for all of us. >> we got to remember one thing, when we would normally go to a democratic convention, stuart varney, you know, everybody in the media knows, you must have a

press i.d. with your picture on it to even get in the perimeter. let's start there. second thing is, tell me what government does right so far? last time i checked, stuart, i'm a viewer of your show, social security, medicare, they're headed towards bankruptcy. the simple, number one of task of government, law, order, safety, security, all of these big liberal cities that have been run by liberal democrats for decades, they're failing. how did those obamacare promises work out? how are we doing educating our kids in big cities in america? because there has been nothing but a spectacular fail but somehow we're going to believe in the final few months heading into the homestretch, the 2020 election, with 85 days until election day, we're going to figure out perfectly mail-in voting? i don't trust the people that are calling for it, demanding it. it lends itself to corruption. we've seen so many instances in the past of such things.

so i'm not against absentee voting or early voting if we have confirmation, photo i.d., a way to know there is no nefarious -- stuart: we're not going to get that. >> i don't believe we will either. stuart: the rules are all over the place. i want to talk to you about joe biden. i never seen a campaign at this stage in the election. he still is in the bunker. he still hasn't made a choice of vice president. he is sending his wife jill out to campaign for him. have you ever seen a campaign in disarray since 1972 with the fight against richard nixon? >> terry mcauliffe said it best, he didn't think he would be made public. i'm fine with joe in the bunker. he only sees two guys a day, the two body man. he is so weak as a candidate, now that he popped his head out of the bunker a few times. he never praises the brave men

an women who protect and serve. he says police have become the enemy. worse than that he now has adopted bernie sanders bolshevik bernie socialist utopian economic plan. that is doubling down hardcore socialist. he is pledging trillions for aoc's new green deal which we cannot afford which would eliminate the lifebloods of the world economy, oil and gas. then he is partnering with beto o'rourke who said hell yeah, i'm coming foreyour guns. i'm not sure america will like that gun policy. his base is so weak he had to shore it up. he bought in bolshevik bernie, beto, bozo i call him, pelosi and schumer this is the most radical candidate after major political party in history f these stated plans are implementeds the economy you like to talk about i can tell you with pinpoint accuracy and

certainty will be a disaster. stuart: i agree, 100% lyme with you. let's talk about the book, the title, "live free or die." why did you write a book with that title? >> swore i would never write another book 10 years ago, stuart. i feel this is the moment. i think this is the biggest choice election but also a tipping point election. i have a whole chapter on the democrats 2020 agenda. followed by a chapter of socialism a history of failure. i put them back-to-back on purpose. because all of the promises democrats are making today in one machine festtation or form have been made in all sorts of governmental systems and the one thing they all have in common they always fail. promises are never fulfilled. we also end up with more poverty, more misery. america has been a shining city on a hill. risk and reward, freedom and enterprise. we have raised the standard of living the entire world by doing so. stuart: we have.

>> if they win, they implement those plans, that will destroy the foundation of what has made this country great all these many years. stuart: as usual, sean, i agree 100%. thank you very much for being on the show. "live free or die." i will read it. thanks. time's up. 12 noon. that means it is neil's turn. neil, it is yours. neil: thank you, stuart, very, very much. we have the dow moving nicely. the s&p within a percent after record. the dow with its gains, not too far, five or 6%. nasdaq is having a tough day because technology is having a tough day. we'll crisscross the country what is happening, particularly in florida schools are beginning to reopen. it is not a smooth process. we'll leave it at that. seattle looking at police cuts and maybe substantial funding efforts gaining ahead of steam. police union members are not keen about it. chicago's not so magnificent