have less opportunity to attend a game more people are going to watch on tv, and you look for excitement elsewhere, so, my take big winners sports betting industry this is where the money i is senate. maria: and you say eric? >> well, as you guys know, we were the first sports media company to go all-in, on sports wagering we have prospect, that you guys place a bet for this weekend as well as pennsylvania and colorado and more states to come but sports wagering is not only great business but also a way to keep fans more engaged. so when you have ten bucks, 20 bucks on the -- maria: i know it's very interactive and we've got lots of guests on wall street. eric, great to see you, congrats.

e we will -- we will be watchins weekend. that will do it for us, have a great day, everybody, varney & company begins right now. stu, on your one day back, i'm giving you -- tossing it over so late. i'm so sorry, stu. stuart: maria, for fox sports you can do anything you like, it's as simple as that. good morning, maria. good morning, everyone. president trump held 18 conversations with journalists, bob woodward, included discussions of the virus threat and how the president handled it. the recordings are now public and they are at the center of latest political storm. the allegation is that he publicly down played the severity of the virus while privately acknowledging its danger. joe biden went into attack mode instant i will saying it was a life and death betrayal of the american people. speaking with sean hannity last night, the president said he

didn't want to scare people and he didn't want to panic, he wanted calm. yet again the media thinks they've got the president on the run. it's worth pointing out that back then early this year speaker pelosi, president obama and new york governor cuomo and others all came out appealing for calm. with 54 days till the election, i guess that's politics. all right, money. let's get on with it. huge gain wednesday especially for tech stocks n. -- in the green this morning. we have the dow and s&p starting up higher. nasdaq, nice gain, tech stocks are doing well, 90 odd points in opening bell. they'll be a senate vote on virus package today not like in the past and for the second week in a row less than 1 million new jobless claims. that's considered the positive and helped the market this morning. look at two stocks that we are following closely, apple, up,

what 4% yesterday, up a little more this morning. tesla up 10% yesterday and then again back up a little bit more today. all right, look at this. peloton, may be sending a message to traditional gyms. stocks to 90's now. there's a market for homeworkouts. how about gym subscriptions. on the calendar the president heads to michigan. joe biden went there yesterday, made another gaffe, answered no questions and attracted a very small crowd. it should be different when the president arrives there today. varney & company is about to begin. ♪ ♪ >> well, i think, bob, really to be honest with you -- >> i want you to be. >> i wanted to always play it down. i still like playing it down

because i don't want to create a panic. stuart: look, that is the story that everybody is talking about this morning. president trump speaking about the virus during interviewing with bob woodward this year. joe biden seized the moment saying that his actions are almost criminal. roll tape, please. >> it's disgusting. we learn this that 190,000 american dead and he knew this and that he could say that, in fact, anything that happened had nothing to do with him. he waved the white flag and didn't do a damn thing. think about what he did not do and it's almost criminal. stuart: right there i guess you could say. president trump defending his comments in an interview with sean hannity last night saying he said those things for the country. watch this. >> what i wanted to show is i want to show calmness, i'm the

leader of the country and i can't be jumping up and down and scaring people. i want people not to panic and that's exactly what i did. stuart: as you can tell, a lot to go at this morning, diving into it all morning. i'm going to ask him if his latest political storm will affect the election. art is coming up 9:15. next, look at the futures. i think they are still all in the green. yes, they are. now, susan -- become, good to see me again? susan: it is. [laughter] stuart: tell me about the big techs because that's where the action is. susan: always. futures indicating a higher open today this wednesday or from wednesday recovering from the fastest correction we have seen in nasdaq history when it fell 10 percent in 3 sessions. this means investors are buying the dip. $1 trillion in just 3 sessions.

10% 3-they selloff to get to frost as we call it especially with day traders and options bets during covid. i think wall street is bracing for choppy trade for the rest of this month and september historically a weak month for stock markets, worst performing month going back to 1950 according to analysis. you have losses and do we have a second stimulus package that hasn't been agreed to and especially as we head to election and threats that your taxes could go up? stuart: i've been away for 3 days. stuart: i haven't noticed. i didn't know that. susan: you weren't playing the markets in the 3 days? stuart: no, no. that's another story entirely. thank you, susan. david, as you know i read your stuff and you think there's a big nasdaq selloff coming, is

that correct? david: it's correct as long as we don't put a timeline around it which doesn't make it a particularly bold prediction but i don't have any doubt that valuations mean revert and that there are tech stocks that are just perversely overvalued. so, yes, i think that correction is coming but i wouldn't venture to guess as to exactly when it would. this is the part, stuart, that won't change and that's human nature. human nature has a certain greed element in it and has component that doesn't learn from history, so when things get grossly overvalued and we hear that this is where all the action is and when we hear that these things can't correct, that's when i would be afraid. stuart: okay, supposing, take your word for it that a correction in big tech is coming. i sell some big tech, where do i put the money? which stocks should i get into now? david: it all depends on the objective of the investor and if somebody wants to replace what

is yesterday's fast-moving stocks with new form of innovation, i think there's far more exciting and innovative and disruptive technologies to pursue but most investors right now are saying, hey, i want high growth. they want the fang growth because they are familiar with it. what most investors want is income and interest rates at 0% and they will stay for a long time. most investors want some reasonable level of defense, stability, so i think those dividend growers that are really the only area in the market you can get both relative defensiveness and a superior cash flow, you look at some of the financial names, jp morgan, bb&t, merged with suntrust, they are undervalued. you look at chevron, huge 6 and a half percent dividend yield that's still growing. these are really good opportunities in this environment for income and defense. stuart: i'm not trying to boost the stock but you suggested i

buy at&t because it pays $29 a share, pays 7% dividend. i think that's pretty good and that's what i've got. thank you for the tip there, david, i do appreciate it. it's working for me. david, we will see you again real soon. thank you. i want to show you peloton. lauren, come into this. they report after the bell today, they are at $93 a share right now. they really seized the virus moment, haven't they? lauren: and they are not done. they want to be your at-home gym when the virus passes. here is how, they call it the 3c's, content, community and convenience. launched range of cheaper and most expensive products at the same time and the new bike, premium bike has a screen that if you rotate it you can use it to take yoga class, weight class, that's content. peloton has it. community engagement at record highs and they're expected to say this afternoon that they added 1.1 million subscribers over the summer and, of course, you have convenience, so if you

look at the stock, yeah, it's up more than 200% this year but the fact that they have the different price points, that's a catalyst. the stock can continue to go because of this. i took a look at the numbers. if you have the subscription plan and you have a payment plan to finance the bike, it comes to about $85 a month to have a peloton, that's the same as gym more or less, right? stuart: yeah, yeah, i see your point. i just wonder if we will go back to traditional gyms and the subscriptions there the way we used to. i think habits are changing in all kinds of things and home exercise is one of them. are you with me on this, lauren? lauren: i am with you on that but underneath that i think there's a desire to actually see and connect with people in real life and i think we are going to see revenge fitness classes as a result when this is over. stuart: that's one of the things i miss face to face contact and face to face -- >> susan: i'm right here, you

know. stuart: 6 feet face to face, i got it. nice to be with you, by the way. next case nfl season kicks off tonight, you know that? kansas city chiefs with houston texans with maximum of 22% capacity for seating. ashley, i missed you. [laughter] stuart: i missed the fans at these games. it's not the same for me. ashley: i'm totally in step with you, stu, the nfl tonight, by the way begins on saturday if anyone cares, we do. the nfl kansas city chiefs tonight at home to houston texans, the reining super bowl champs. it's 22%. it's the fans that generate the excitement. a lot of the players would agree with that. 5-month season, super bowl schedule for february of next year in tampa bay. of the 32 teams, stu, 26 will have no fans at all, just 16

teams will allow unlimited number of fans into the stadiums, those teams are jacksonville, miami, kansas city as we just mentioned, indiana, cleveland and dallas. so 6 out of 32 will have a limited number of fans. i don't know whether they are going pipe in the crowd noise like they did in other sports but it's just, yeah, it's not the same. stuart: no it's not the same. thanks for the hard work while i was away. thank you very much. ashley: my pleasure. stuart: here i was in new york. thanks, ashley. futures are we still all green? yes, we are, up 100 for the nasdaq, tech is coming up nicely. the dow is up about 60. new york democrat congressman running for reelection calling out new york city mayor de blasio with this unique ad. watch this. >> bill de blasio is the worst mayor in the history of new york

city. that's it, guys. [laughter] stuart: that was interesting, wasn't it? short and to the point, i guess. speaking of new york city, indoor dining finally has a return date but there are massive restrictions, strict new rules that in my opinion will ruin the new york city restaurant business. that's my opinion. dr. fauci defending president trump saying he didn't get any sense that the president was distorting anything about the virus. the democrats have always fawn dr. fauci, i wonder what they think of him now. varney & company is just getting started. ♪ ♪

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stuart: fox business alert worthy of note executive shake-up at citigroup, current chief executive michael to retire in february. he's been ceo for 8 years, taking his place james -- jane frazier, making her to become first ceo woman on wall street. welcome in lauren, they have a deal with pilots union to avoid layoffs? lauren: let's use the word pause, to pause layoffs, a deal was struck with pilot union to pause 2800 furloughs that would have happened next month. it's not known for how long the jobs would be saved but at least for now. stuart: that's it? okay, a pause. we will take a pause, i guess. the stock is at 36. all of the airlines are up, actually. one more for you, lauren.

what's this about we are getting ready to end these airport covid screenings for international travelers, tell me? lauren: okay, for some of them, reuters is reporting and officials say that enhanced screening of certain travelers coming from certain countries to certain airports here in the u.s. that continuing to do that is just not sustainable because the travel numbers are going up. the government reportedly to end extra screenings and drop requirements that certain international travelers arrive at 15 u.s. airports ending requirements as soon as monday. let me give you the data. 675,000 people screened under those rules, only 15, not even pested -- tested positive for covid-19. they think it's a waste of time, stuart. [laughter] stuart: still on the virus. president trump under fire for downplaying the seriousness of the virus.

watch this, please. >> well, i think, bob, really to be honest with you i wanted to -- i wanted to always play it down. i still like playing it down. >> yes. >> because i don't want to create a panic. stuart: didn't want to create a panic. look who is here art laffer, former regan economists. do you think the political storm would have any effect on the election? >> art: no not at all. it makes perfect sense what the president said, should he have done that or the other way around, i have no idea. i think not panicking the country is good way to go in. stuart: we are told it's simply not going to happen, not going pass. do you think we need more help for the economy at this stage?

>> art: this isn't help. it's harm and add to go deficit and national debt and will cause problems. i'm personally rooting for it not to make. we've had enough stimulus and i don't think we need more and i don't think we need more debt and i don't think it helps the economy to be straight on that. stuart: what do you think the economy needs most now? >> art: i think it just needs time. it takes time to bring back the economy to full employment. i think it needs all of the states that have all of the restriction that is you talk about nonstop. one those restrictions are lifted, all of a sudden you get these states an start coming back and when you're talking about states like california, new york, illinois, new jersey, these are big, big states and once they get progrowth, once they get the restrictions removed because the disease incidents left you will get the economy continue to go boom. i think we are perfectly poised

for a very rapid, rapid continued recovery in the economy. i'm optimistic about the country and the economy. stuart: but you're surely not looking for like new york state or certainly new york city or parts of california, you're not looking for them to open up quickly because they are not going to do that? >> art: wait a seconds a few minutes ago you said tsa stopped because it wasn't worth it. i've never seen the government stop something because it wasn't worth it. now you're telling me that new york won't open, oh, my goodness. i think new york will open and when it does open that will be the very final throws of the great this recession down there and on full path to full recovery. stuart: i'm not trying get you to say anything but i'm intrigued that the major population states in the united states of america like california and new york and those two states are dragging their feet when it comes to

opening up. >> they are. stuart: i want them to open up. i want to see the economy restored to its glory and i -- i think that the democrats states are holding things up and i think frankly, art, i think it's deliberate. >> i don't think it's deliberate. i really don't but they are holding us up and they have a different view of the world, stuart, than we do. they think the governor is the correct ruler of the people. you know, you and i believe that power flows from people to governor and not the other way around and you look at big states like texas, like florida, georgia, some of the other states that have opened up pickly are doing really, really well and we just have to wait for newsom and cuomo to get on the band wagon. i think that's cynical, i don't think they are. i think they will open up and when they do the economy will be back to going. new york has not had many deaths at all in the last month. why they are waiting and waiting

is beyond me. that's cuomo for you and that's the new york -- that's the new york way. murphy is no better and so is newsom. stuart: muah a cynic, how could you say such a thing? [laughter] stuart: see you later, thanks, art. green all over the place. i'm a cynic. up 70% -- 70 for the dow. we shall return. ♪ 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.

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to finance their retirements. it meant so much to nellie, maybe it could mean as much to you... call now and get your free infokit stuart: tiktok and the government are talking about ways to avoid a sale. susan, make me care. susan: if you're a microsoft shareholder you should care which i believe you are, still, again actually. tiktok is still operates in the u.s. with technology partner like microsoft or oracle that takes minority stake, according to wall street journal china's new role, they have to approve any technology transfer which includes expensive algorithms up-ended the deal but show casing that it has a large base of conservative users on tiktok. they make a large portion so we

know deadline of september 20th is fast approaching. you saw that pairing back as microsoft, wal-mart, oracle gains after the news crossed. i want to show you this. you've been in singapore, right? stuart: yes i have. susan: check first apple store in singapore. look at how beautiful that is. can you imagine if we had something like this in hudson river in new york? that would be wonderful. stuart: singapore is impressive city anyway. susan: floating around there. stuart: tesla, elon musk getting into a fight. susan: not the first time. calling musk a robber baron because he cuts the pay of tesla workers by 10% and to that musk says you're a modern-day moron.

there you go. tit for tad models. [laughter] stuart: he certainly does. the opening bell is about to ring this thursday morning. we are expecting to see upside move across the board following from yesterday's gains. not as big as yesterday but certainly up after the belling bell. we have started trading and dow up to immediate gain and and the vast majority of the dow 30 are in the that is. they are up. and for s&p, it is up, it's up about the same amount, half percentage point, same as the dow and the nasdaq, this is what i want to show. i'm sure it's a solid gain, yes, it is. 89, 90 points higher. 11,200 on the nasdaq. i will show you tesla. a modest gain this morning and it was up 10% yesterday and up

4%, that's a sizable return after downside move earlier in the week. 382 on tesla. rest of big-tech stocks, i'm pretty sure we have all green. yes, we do. apple, microsoft, alphabet, facebook in the green, all of them up. peloton reports earnings after the close of trading today and they are up another 3.8%, 94 bucks a share on peloton. what a story. how about vaccine makers? a look at all of them today. mixed bag. no major moves for any of the vaccine people. the airlines, what are they doing this morning? they've been up recently. up 8 -- not bad actually, 1% some of them. airlines up today. restoration hardware, they reported a blowout quarter and up 396. tell me more about this, lauren. lauren: record high. let me tell you what the ceo

said. accelerated of families moving to larger suburban homes and uptick in home building should drive increased spending and so you have stock at record high, stuart. stuart: thank you very much, indeed. 121 points for the dow jones industrial average. who is with me? sandra: sandra, good morning, stu. your show is on fbn and we are on fox news channel, stu, another data point for the u.s. economy, while we still struggle to come out of the pandemic and recover. what does this tell us? stuart: you're talking 884,000 jobless claims report about an hour ago this morning, less than 1 million new jobless claims. i guess you could say that we have a recovery in progress. this points towards a recovery and not particular vigorous at

this particular moment but we are recovering. i would push a lot more emphasis on what the federal reserve is doing. i don't want to bore everybody suffice it to say. sandra: so unlike you. go ahead. stuart: i'm afraid. history is being made. sandra: where is my buzzard. stuart: take notice, please, because a lot of that money ends up obviously going into the economy and onto wall street and that's part of what you see. dow right now up 155 points. sandra: that's right, we were just talking to rachel duffy and we were looking at a dow that was continually climbing to record highs and she suggested that perhaps we couldn't weather the storm in the way we are had the economy not been as strong as it was and you have the white

house predicting 20% growth in the last two quarters of the year, stuart, so what does this look like? i mean, the dow is recovering and is up above 28,000 and you have millions of americans out of work. stuart: yes, that's absolutely true. there are millions of people still out of work, that's accurate. a great deal of money out there. people's bank accounts, $2 trillion as i recall and, yes, we are recovering. i want to refer to the job situation. i don't think those -- all of those old jobs are going to come back. there's going to be real changes in the travel industry, for example, hotels, airlines, the real changes coming there. there are real changes coming to america's big cities because they've emptied out and i don't think all of us are going to go back to those offices, changes in the way we work, changes in the way we travel, changes in what we call entertainment, certainly changes in sports,

changes in entertainment across the board, so you've gotten rid of a lot of old jobs now make way for new jobs and what is emerging as a new technology-driven economy at the end of this year and well into next year. that i think is what's happening. that's the key factor to remember especially when we show you what's happening with these big technology stocks that are still, still going towards trillion dollar valuations, still going up, that's extraordinary thing. sandra: and our viewers in fox news channel can't see that, we have big financial names that are up, big technology names, they are thriving, you've got the stock market thriving, stuart, but you pointed to massive amount of stimulus, final thoughts, stuart, on what you're hearing on the ability for the stock market rally to last? stuart: i'm always asked the question and i never give a real answer because i'm not in the business of predicting the stock market's future. i say this, i have a real

warning about the election and i can see chaos coming on election day and election month and i've got a big problem if joe biden wins and especially if he wins and there's democrat senate. if that happens, i think the stock market has a real problem and sandra, i will leave it at that. sandra: all right, you left us hanging. stuart varney, fascinating stuff. we will keep on watching that market and we will keep on watching us, thanks for joining, stu. stuart: let me show you where we are. we are going strong, we are up 170 points for the dow, 28,100, there we are. what's the yield on the 10-year treasury, please? when i went away, that was last week it was .71%, look at it .70%. not much changed. the price of gold when i went away it was under 2,000 bucks an ounce, and it's still under

2,000 bucks an ounce. bitcoin 10,024 and now that i'm back -- ground hog day. oil, here is the big difference, oil was 41.42 and now 37.96. how about that? look at eerie images, the wild fires raging across the west coast. we will update the fire situation which is dreadful in california. the nfl returning tonight, many teams will be playing without fans in the stands and we will tell you how that's affecting businesses, live report from soldier field in chicago. president trump facing harsh criticism over comments about the virus earlier this year. remember, though, when democrats down played it and during that same time period, we will remind

you. roll tape. >> no reason to panic. >> come to china, careful, safe, come join us. >> it's not a time to panic. >> life is going on pretty normally right now and we want to encourage that. stuart: that's what they were saying back then just as president trump was, indeed, calling for calm. isn't that what leadership in your country is all about in the pandemic? i'm sure pete hegseth has something to say on that. he's on the show next hour.

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stuart: as you look at the performance of big tech today, they are doing very, very well, let's bring in ray wang, he's a tech guy, ray wang has been on the show for the last 3 or 4

years and throughout that time he's been consistently bullish on stock names. i think he's always said buy every dip that comes along but i think, ray wang, you're starting to change your tune, i think you're looking toward a correction for big tech, is that correct? >> a little bit but not a lot. we saw shifts that occurred. if you think about what happened in terms of market cap, we were up 60%, five biggest stocks with 8 trillion in terms of stock and that's not a big shift. just caucasian in -- just a little caution in there. stuart: no need to sell stocks on which we've made money, right? >> definitely not, definitely not. stuart: really? don't sell any?

i've owned microsoft in monkey years and that means a lot. should i sell any of it? >> i think you would hold off for a bit because they will be a winner when we get to antitrust when it occurs a year or two years from now. amazon and, of course, facebook around the world because microsoft has been through that before and they are actually well positioned so microsoft would not be a good example but facebook on one end and google as antitrust concerns come to the market. amazon is positioned really well because they figured how to get in indian market, investment and reliance detail and in position to access 2 billion users and netflix is doing a good job. avoid china, this is a bad market. we will never be able to compete there fairly. let's go after 800 million and 2 billion mobile home users, 57%

market share in the u.s. but they only have 10% market share around the world. now really well placed. it depends on which big-tech stocks. stuart: so you're still bullish on the bike tech. i want to make sure where we are coming from. >> i'm still bullish. stuart: be careful of facebook and google for antitrust concerns maybe next year but at this moment, none of the stocks on the screen, microsoft, apple, alphabet, facebook, none would ray wang sell? >> yeah, you can say that. with apple you can say that, announcement september 15th, preview date as they normally do and the service's business is on fire. stuart: okay, at least you are consistent ray wang and good to be consistently right too because you've made a lot of money for a lot of people. ray, thanks for joining us. listen to this one, $531,000, that's the average price tag for los angeles housing for the

homeless. get this, that cost more than luxury buildings in la. another example of why people are leaving that state, we will discuss that one for you. governor cuomo of new york finally reopening indoor dining in new york city limited to 25% capacity but just wait until you hear all other restrictions, i don't think they want restaurants to stay in business. we will be right back. now is the time for a new bath from bath fitter.

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stuart: new york city finally giving a date to reopen indoor dining. but the new rules governing that. ashley, how strict? ashley: oh, boy, the governor, stu, outlining a laundry list of rules and regulations and sent by the way a team of 400 enforcement personnel would be used to make sure restaurants don't break them. let's get to the main points, why don't we? 25% occupancy limit starting september 30th, mandatory temperature checks tat door, one member of each party will be required to provide a contact information for tracing if

needed. there will be no bar service. also face masks must be worn when the customers are not seated, must also ensure enhanced air filtration, ventilation, purification standards to state-issued guidance and to top it off no service after midnight. other than that, have a lot of fun, folks, restaurant owners have been warning with layoffs with colder weather approaching, no more outdoor dining. raising capacity to 50% will be made november 1st. the majority of new york state is at 50% and mayor de blasio says if the city hits 2% covid positivity rate he will immediately reassess all of this. just a few rules to abide by. [laughter] stuart: that's right. they are really putting out the welcome mat, come on in. [laughter] stuart: let's bring in ed rensi,

former mcdonalds ceo, ed, i have to shake my head. i can't understand why they are doing this, because with these restrictions, restaurants in new york city cannot survive, what say you? ed: well, they are draconian measures, 25% inside of new york is bankruptcy city. they are well below capacity. the outside seat asking going to go away because we are coming into the rainy season of october and november and december, i don't think they can survive. right now it's projected up to 45% to have restaurants in new york city are either going to go out of business or declare bankruptcy. i don't know how you can survive. the landlords aren't getting the rent they deserve. restaurateurs are trying to pay what they can. you are putting restrictions in that carry heavy fines. you have to have somebody that gives contact i was to track

people. what are we dealing with here? communist china? stuart: i know you can't get inside of the head of governor and mayor, speculate, if you will, why are they doing this ed: i can tell you that, they have no idea how business operates and they are bureaucrats and they think regulations solve all kinds of problems with man and animal and it doesn't work that way. here is what the science says, here is what we should behave and call upon all business owners to come together and set the standards and allow common sense to take place. i look at governor in florida he has done a marvelous job. cuomo and de blasio think we are incapable of being intelligent in doing the right thing so they are going to put the bureaucracy on top of us and i want to remind you, they run the subway system, they run the bus system,

they are destroying the police department, why would we trust them to run a restaurant? stuart: well, we don't. look, on the other side of the coin, you've got the fast-food outlets and they have seemed to responded very well to the pandemic going heavily into drive-thru and pickup and delivery. they seem to be doing well. ed: sure. stuart: i don't see how upscale restaurants in new york or any other place can keep up with that because you don't go to an upscale restaurant for drive-thru do you? >> no, you do not. i go to delmanco to get steak, you don't go to fat brands to get steak, grow to get quick service and convenience and drive-thrus and delivery and carryout are in their wheel house and i will tell you something that's interesting to me, a lot of the quick-service restaurants and casual restaurants are finding out it's a lot more profitable to do

delivery drive through and takeout than it is to have indoor seating. for one retail theft is down dramatically because straws and sugars and ketchup packets have been reduced to nothing. they are doing very well in this pandemic and i think they are finding a whole new business model for the future. stuart: well said. wendy's, all of them high. ed rensi, see you soon. >> thank you, stu. stuart: can you believe it's 54 days until the election? things are heating up in the campaign trail, yes, they are. joe biden is out of the basement but he met yet another gaffe, we will tell you what his team had to correct this time. coming up, pete hegseth he's here to react to that. senator rick scott on the race which is tightening in florida and fox nation host tommy lauren who is fired up at what is happening in her old town los

angeles and what is happening at her new hometown nashville. dow industrials as we speak up nearly 200 points, 28,100 for the dow jones average. yeah, we will be back. ♪ ♪ instead of buying by the share. all with no commissions. . .

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stuart: folks, coming up on 10:00 eastern time, 7:00 in california. it is green across the board. dow up 100. nasdaq up over 100 points. positive news on the jobless front earlier this morning, jobless claims. for two straight weeks the number of new unemployment claims has been less than one million. we're down to 884 this past week. big tech, all in the green still, i believe. yes, we are. apple, amazon, facebook, microsoft, you know the story. all on the up site as they rebound from the recent selloff. now mortgage rates. ashley doesn't have the number today. it is lauren. there will be a fight about this what is the number, lauren? lauren: make we can share it. it's a record low. 2.86%. what is that doing? fueling home purchases. fannie mae says they're up 25% since last year.

you cannot sustain momentum into the fall until you build more homes. record low mortgage rates, 2.86%. ashley? stuart: ashley would you like to have any comment whatsoever? ashley: 16% in 1982. stuart: that's right. we've been saying this for years. and i paid 12 1/2% in california, late 1970s. ashley: ouch. stuart: no response on the market. lauren: i paid 3 1/2%. stuart: thank you so much, lauren. susan: i'm looking to pay zero. stuart: susan, thinking of a buying a home? susan: maybe with this type of mortgage rates. they say they will go to zero. the banks will take the risk offer you money for free in the future if it keeps boeing like this. stuart: that i would like to see. dream on. dow up 170. now this. they are really trying hard

to protect joe biden. it is not working. his handlers let him out of his house yesterday. he went to merck fan. they tried to shield him. he failed. during the speech although he used a teleprompter he made another gaffe. watch this. >> military covid infected. 118984. military covid deaths, 6114. stuart: the correct number of military deaths is seven. military infections stand just over 40,000. the man was con fused. he had mixed up the numbers from michigan with those from the military. he stood in front of a few cars and trucks addressing a small, unenthusiastic car. he coughed a lot. when he was done he walked away. no questions. that was not a dynamic campaign appearance. we learned very little about the man or really especially his policies. his main contribution questioned

was when he said the president's no panic approach to the virus was a life and death betrayal of the american people. that seems to be the essence of the biden campaign. trump is terrible. repeat, trump is terrible. not good enough. where are the questions about massive tax increases and their likely impact on the economy and your 401(k)? or the nonsensical green new deal? when biden did answer questions earlier this week it was a pathetic display of unprofessional media behavior. patsy questions, one after another. the media is in league with the biden campaign. they're complicit in a coverup of joe's inability to campaign and answer questions. that regrettably is the state of play. but let's see what happens at the first debate. no teleprompter. he has got to answer questions. it last as fuel 90 minutes. that debate is just 19 days away.

that is my take on the matter. look who is here this thursday morning. "fox and friends weekend" co-host pete hegseth. the man himself. >> good morning, sir. stuart: another gaffe. i don't believe that was a dynamic campaign performance. i don't think a dynamic performance is in the man? >> no. maybe for seven-term state senator or something, not to disparage state senators, this guy is not at any level -- no, really, it is such a b league level looking campaign. then he is talking half the time with a mask on. at least he acknowledged in this speech, i can take it off, governor, governor lockedown, while i talk socially distance. the best biden does for the trump campaign, is to campaign. when he does people see how incapable he really is. the whole thing a sham, standing in front of cars in michigan if he is made in america candidate,

when his cars the last 4years shifted them off to china. all the establishment thinking that donald trump and his voters rejected, we can't live in a world controlled bit communist chinese. oh, by the way, the virus he says he handled better, i called president trump xenophobic from blacking travel from china to begin with. you ended on the key point, stu, there is a lot of speculation about these debates and there is a lot of -- we heard democrats say he shouldn't debate. look for the next bombshell, which will be coming, multiple times between now and the first debate. whether or not joe biden tries to use it as an excuse, i won't dignify this debate stage being -- 90 minutes, unscripted, standing up late at night, to focus, will be almost impossible for him. the challenge is, i'm also warning against setting expectations too low because if he does manage to work his way through it, everyone will say

joe biden's the man. stuart: good point. when i woke up this morning and i was looking at the papers and the headlines on tv the first thing i see is, the president didn't want to panic the nation when the virus broke early this year. i thought that was just fine and dandy. you're trying to run the country. you're offering leadership. you don't want to panic everybody. i thought he did the right thing. what say you? >> of course. the last thing i want to see in the eyes, in the voice, or the actions of my military commander in combat is panic. panic means i don't know what is going on and you should panic too. it creates panic for everybody else. what you need is a commander with a full understanding of the threat which he also clearly had but also the willingness to articulate it in a way that moves people in the right direction to take the right actions at the right time but doesn't panic people.

i think the woodward thing, 24, 36 hour hysteria, but it doesn't actually change the perception of people who appreciate eight -- there is very stark choice here. president open up the country with donald trump or you got president mask mandate who will keep things closed, what do you want in the future. that only reinforces that. stuart: hegseth, sometimes you're cruel, you really are but not really. pete, i think you're all right. want to see you on the show real soon. thank you, pete. >> you got it. stuart: if you're just joining us the news from the market we got green all across the board. dow up more than a half a percent. nasdaq up 141 points. that is a rally pretty much across the board. not quite as strong as yesterday but still pretty good. however, goldman sachs says the fear gauge is flashing a warning that it hasn't been, it hasn't been seen since the year 2000.

market watcher gary kaltbaum is with us. gary, what is this fear gauge we haven't seen since 2000. >> i have no clue what they're even talking about. there are 3,000 different gauges out there. you can always pick one or two that says one thing but the other two will say the other thing. they're probably looking at vix or how many bulls are out. all little surveys how many people are bullish versus bearish. if there is too many bulls there is a worry about the market just for me i watch price. price is what pays you or takes away your money. we finally have a little trashing of technology. it was, way, way over due. tesla went up 50% because of a stock split announcement. we're in a little bit what i call the comeuppance. we probably more time and price putzing a little bit. stuart: should i sell owl or part of my microsoft?

>> own microsoft. i got out a little bit ago but i do want to get back in. right now i think technology is under pressure. i'm you, you for a long time except for a couple months, you stick with it. stuart: okay. one last one, to me the big threat to the market is confusion and chaos in the election. what say you? >> i live in florida. two words, hanging chads. stuart: exactly. >> yeah. anything is possible. and i think the biggest bull market the night of the election is going to be lawyers. it will be a little rough going for a couple weeks. markets typically don't like uncertainty like that. stuart: i think you're right. gary, thanks for being with us this morning. sorry it is so short. big news day. you know how it goes. next case, ireland cracking down on facebook? what's happening? susan: facebook has to stop sending personal data about the e.u. users to the u.s.

if they don't facebook could be fined close to $3 billion or roughly 4% of its annual sales. this is after ireland because the first of the year july ruling restricts tech companies like facebook sending personal information about europeans to the u.s. the europeans have no effective way to challenge american government surveillance especially after edward snowden and the nsa. facebook will have to likely, probably to reengineer its services to exclude the data it collects from europe or stop serving europe temporarily. that would be a big hit to business. this is preliminary order but facebook is taking this very seriously inside the company cord to the journal. the order could be revised before it is finalized, a process that could take several months this is a shot across the bow because if you do it for one, you have to do it for others. we're not just talking about ireland but the entire block

which is a huge business opportunity. stuart: they won't get rid, facebook won't say, nope, not doing business there. they will come to a negotiated agreement they stop some of the information coming to america. susan: there are cost implications to reengineer your services that will make manpower and ensphering time. stuart: yeah, but they got a lot of money. >> they do. stuart: the stock is up 3 bucks, 276. susan: up 1%. stuart: 1%. 1.1%. let's be precise. instagram making changes to promote shopping and what is the reels feature? susan: facebook owns instagram. in the future you have direct tabs for reels and shopping. reels is facebook's answer to tiktok. a survey found that 87% of tiktok user say reels is basically the same, short form videos with music, but you know reports suggest it was mark zuckerberg who encouraged trump and the administration to ban

tiktok pause of concerns over its data use and transfer to the chinese government. if you think about it, if tiktok doesn't have to be sold in the u.s., you know the loser will be? stuart: tell me. susan: social meet yaw companies like facebook. if tiktok is not sold entirely, that means they're a real big competitor to facebook and the like. stuart: you remember an hour ago, tiktok, why should i care? i got a text to one of my grandchildren. we care. susan: you should care. stuart: i stand corrected. joe biden pushing for higher taxes on u.s. companies with offshore profits. watch this, please. >> we're going to impose a tax penalty on companies that avoid paying u.s. taxes by offshoring jobs and manufacturing. only to sell those goods back to the american consumer. i'm not looking to punish american business but there is a better way. stuart: forbes chairman, that would be steve for example, he

knows business. he says a biden presidency would be an unmitigated disaster. he is on the show later. here is a number for you, 531,000 bucks. that is the cost of a single homeless housing unit in los angeles. that is how much it costs to build just one. california escapee, tomi lahren, she is fired up about that one. she is on the show too. first the nfl making its return tonight. it will look very different. no fans in the stands. will the fans return at some point? we'll discuss this. we'll be back. i had shingles. horrible. a young thing like me?

[camera man] actually anyone 50 or over is at increased risk for shingles. the pain, the burning! my husband had to do everything for weeks. and the thing is, there's nothing you can do about it! [camera man] well, shingles can be prevented. shingles can be whaaat? [camera man] prevented. you can get vaccinated. frank! they have shingles vaccines! -whaaat? -that's what i said. we're taking you to the doctor. not going through that again. [camera man] you can also get it from your pharmacist! talk to your doctor or pharmacist about getting vaccinated.

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♪ ♪ the big events are back. xfinity is your home for the return of live sports.

stuart: yeah. the nfl is back tonight. the kansas city chiefs have the home opener. their stadium will have limited capacity, 22% of seating that means obviously a lot of empty seats. jeff flock is at soldier field, home of the bears of course. how are the stadiums going to make up for what is obviously a lot of lost revenue? reporter: in addition to the stadiums, stuart, you have the businesses around the stadiums taking a huge hit on this it is most of the stadiums. chicago shut down to fans indefinitely. there is only a handful that will have fans in the stands. take a look where those are. as you report about 16,000 or so will attend in kansas city to the chiefs home opener tonight. jacksonville will also have fans at its home opener. miami, cleveland, indianapolis, dallas. those tickets will be hard to come by. look at these numbers. this is the limited number of fans at those stadiums, between 16 and 17,000 in jacksonville

and kansas city. miami, less of that. cleveland, half of that. indianapolis, lucas oil stayed july will have only 2500 fans. fewer fans, fewer people to patronize the local businesses n places likes green bay, for example, everybody comes from wisconsin, far and wide to green bay to watch a game on game day. one of the local businesses telling fox business, well, i put it in her words now. it sucks. hotel in green bay, wisconsin, the inn says no better way to put it. we take in 12,000-dollar in hotel revenue on game weekends. lately, anything over two grand is a big weekend. stuart, i show you a statue of a man you probably knew. papa bear, george hall last. he survived the 1918 spanish flu, pandemic. you have did as well as a young boy.

halas two years after the pandemic in 1918, founded the nfl and chicago bears. stuart: flock, that is ageism. thank you, jeff. i want to bring in chris spielman, fox analyst and former nfl pro bowler. tell you something, before we get going, the it is not the same. when is the crowd is not in the stands, it is just not the same. are you willing to admit that? >> for a fan probably not the same, for myself as former player, stuart, i was so locked in on the task at hand i really didn't notice the fan as lot when you're playing. i think these players so profession, they have the ability to focus, concentrate what is in front of them. it could be a little bit of a

distraction but i think there will be noise pumped into the stadium with nfl simulated some noise from thousands of previous games to try to make it as normal as possible. stuart: okay. colin kaepernick, he has made his way back, at least in video games. the newest madden game added kaepernick to the roster. my question, do fans want politics and sports mixed up like this? >> i don't think so but on one hand i believe this, i'm a big constitutionalist. i believe in the first amendment. that doesn't mean i always agree with what the first amendment, what somebody may say or not say but i certainly agree and support their right to say it. now whether fans choose to abide by that i don't know. that is their freedom of choice to make. but our goal at nfl on fox and my goal is to talk about the game and the game itself because the nfl can be galvanizing for

this country. that might seem a little optimistic but i certainly believe it can be. it is my job to hopefully provide some analysts and expertise on the football games we're broadcasting. stuart: chris, you're going to abroad caster. tell me how you will handle this. you say you have crowd noise kind of piped in. >> right. stuart: so the tv audience at home they will hear crowd noise of sorts. what about the players? are we going to hear anything they have got to say? >> well i hope so, because that is interesting. some of the conversations that go on at the bottom of a pile is really entertaining and interesting. it should come with an adult warning label on it because some conversations might not be suited for all ages t makes the game more real. hopefully we'll be able to get in on some of those conversations because it's honest, it's real and it's pure and it's reality tv at its

finest. stuart: do you think we'll get a full season in? >> i do. i think the nfl has gone above and beyond the rapid testing. it will make a difference, even at fox, we're actually having two covid nurses i believe travel with our crew to make sure that we are clear. i believe in this. i love the fact that they're making a go at it. they have, god blessed them enough to have resources to let them have a go at it. you see what baseball, major league soccer, the nba, hockey, if they're going to play, i guarranty you the nfl will try to find a way to get through this whole season. stuart: i would not pour cold water over this at all. i think the nfl is making a huge effort to get something going here in a very difficult situation. tell me last one, chris, when is your first game on fox that you're going to be broadcasting? >> so i am going to do the san francisco 49ers who were super bowl runner-ups last year

against an up-and-coming team in the arizona cardinals in santa clara. i'm looking forward to it. i am getting on a plane tomorrow, probably first time in seven or eight months traveling to san francisco. i'm ready to go. i'm excited for football. i think our country needs it. it is not the most important thing. people watch football, i don't think they watch football for politics. i think they watch footballs that an escape. that is something we hopefully can provide for the folks. stuart: you got it. chris, thanks for watching always appreciate it. >> i'm a big fan of yours, stuart. i make sure all the nfl guys turn to "varney & company" for financial advice. stuart: if you told me that earlier, you could get another five or ten minutes. you could coanchor the show. >> i want to be a guest again. this is a big honor for me. stuart: thank you. i appreciate that. good stuff. susan: that's nice. stuart: still on sports, major league baseball finalizing its plans for a post-season bubble.

whoa, ashley, how is that going to work? ashley: well, bubbles. reports say the teams in the post-season will compete in five ballparks in california and texas including dodger stadium in l.a. and petco park in san diego. now the season will end with the world series being played at the texas rangers new stadium in arlington texas. negotiations still underway between the league and the players union as to some of the protocals. there will be 16 teams in the post-season. that is six more than normal. and those first round games could still be played in the home parks of the top seeds. but, after that opening round, teams would then move on to bubble locations. as you say, stu, but unlike the nba and nhl the players will not be secluded in that bubble. protocols i say still being worked out. the regular season scheduled to end september the 27th. we could have a world series

winner before the election on november the 3rd. it's a shortened season. 60 games as opposed to the 3042. stuart: short season. very drawn long out election. that is just a guess on my part. check that market. a sea of green, ladies and gentlemen, all across the green. senate majority leader mitch mcconnell accusing the democrats sabotaging the next virus relief bill. the vote is set for today but widely expected to fail, fall out fail. does senator john barosso care? we'll ask him. a new poll says trump and biden tied in florida. how about that? florida senator rick scott on the show as well. ♪ it's not "pretty good or nothing."

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look, reverse mortgages aren't for everyone but i think i've been 'round long enough to know what's what. i'm proud to be part of aag, i trust 'em, i think you can too. trust aag for the best reverse mortgage solutions. call now so you can... retire better stuart: still a sea of green. the dow is up 90. s&p is up 50. that nasdaq up 215 points. nasdaq is doing okay. astrazeneca halted their vaccine trial after one participant had a adverse reaction. the company says the vaccine could be ready to go before the end of the year.

quest diagnostics reporting pretty good news. it's a lab operator. it raised volume. quest diagnostic is up over 4% right now. where are we right now? 54 days to the election and a new poll shows president trump and joe biden tied. that i believe is in florida. that is a florida poll. they are tied there. 48-48. that is indeed a tie. senator rick scott, florida republican joins us now. do you believe that tie? we had a lot of -- hold on, senator. a lot of republicans come on the show say, come on, the polls don't really show the full true picture. what say you? >> my experience, my three elections and trump's election in 2016 the polls generally say republicans are going to lose, we keep winning in florida. here is why trump is going to win florida. first off, think how many people moving to florida because of taxes. joe biden is proposing the biggest tax increase in the

history of the country at the worst time. that is going to go well. think about the hispanic vote. joe biden appeased with obama the castro regime. that will not go over well. we all care about jobs. joe biden clearly not known for creating jobs. trump will have a big win. he is doing really well. there is a lot of energy in florida. if you go around florida, there are trump signs everywhere. there are no biden signs anywhere. stuart: what would you say if the democrats force a reversal of the salt deduction so that people could get a full deduction for the state and local taxes, what would florida say to that? >> that is unfair. why would florida taxpayers pay for part of the local budget for new york? it is no different than, i've been making sure we don't bail out these democrat state has can't pay for pensions and don't balance their budgets, want to pay for it in the coronavirus bill. why would tax payers in pay for

some other state's excesses. it is unfair and wrong and i hope it never happens again. stuart: i do hear there is a massive exodus to florida. i don't have any numbers. do you? >> right now 1000 people a day are moving to florida. i remember when i came in as governor in 2011, people were still leaving the state. we cut taxes. reduced regulation. we added 1.7 million jobs. by the time i finished, 4 or 500,000 people moved to the state. they went there like our weather. like our taxes. like the less regulation. you know, thank goodness for cuomo and pritzker because they do the opposite. raise taxes, you know, they don't cut regulation. they make it difficult to do business. people are cog to florida. stuart: you're having to too much fun, senator. that is a fact. the president signed an executive order to stop the exexpansion of offshore drilling in your state and other coastal states up and down the eastern seaboard. you say that is a huge win for

florida. how come? >> absolutely. first off we all remember the deepwater horizon oil spill. we don't want that to happen to our state again. i have been talking to president trump since he was running in 2016 about the importance not having offshore drilling. first off the environmental issues. number two, it is the biggest area where the air force around navy have the opportunity to test and train their pilots. and so those, those two reasons are the reasons why it is important what the president did. the department of interior stopped looking at florida for offshore drilling back while i was governor. i worked with secretary zinke on that. president did right thing. stuart: i take it you were getting heavy pressure from business owners up and down the seaboard there? >> well, we're a tourism state. we have want to keep our beaches pristine. we also have 20 military bases and three unified commands. there is a lot of training done in the western gulf.

it is important for the military. so i worked hard with the president and with the secretary of interiors, both of them to make sure this, we don't have offshore drilling. i'm glad the president did this he is doing a lot of good things for florida. funding the dike at lake okeechobee. fix that to stop the algae. he has done a lot of good things. stuart: we'll leave it there with senator rick scott, safing a big win for trump coming up in 54 days. always a pleasure. >> bye-bye, stuart. stuart: the lack of travel, there is not much travel going on, that does cost the economy and i think we got a dollar number to put on it, is that right, lauren? lauren: it is depressing, stuart. two billion dollars a day lost because people simply are not traveling like they used to. so the u.s. travel association says that has added up to $360 billion lost since march and over 8 million jobs. so what they're doing is, they're calling on congress to

pass another relief bill which would provide ppp through the end of the year as well as create incentives, tax credits to get people to travel and businesses so they cannot only you know, get an expense for the ppe, the protective gear they buy for their employees, but also maybe ways they can hold the big meetings and conventions again in a safe way. look at hotels. they're up. airlines are up. i got news for you, jetblue, they're adding 24 new routes this winter, think vacation hot spots, caribbean, florida. they do see leisure demand going up but business travel has not returned and that is a big part of the market. stuart: i'm not surprised, lauren, if you can do a zoom meeting, it is much easier than climbing on a plane across the country. that is the way it is these days. lawyer rep, thank you. ashley, you have new numbers on the number of jets needed to help distribute a vaccine once

it gets approved? what is this all about? ashley: if you want to get a vial of that vaccine to every person around the world the international air transport association estimates it would be 8,000, 747 jumbo jet cargo planes to reach every corner of the world. because of that it is incumbent upon governors around the world to start preparing for that now. the world population hit 7.8 billion in march of this year. therefore, you know, the large-scale effort to get that vial out across the world will take some massive planning. they're calling it the largest single transport challenge ever. now you can use land delivery in developed economies. also have local manufacturing to help but once, once the vaccine is found in order to distribute it around the world 8,747 jumbo jets, carrying vials of the

vaccine. stuart: what a story. 8,000, 747s, thank you, ash. new york city democrats are turning on mayor de blasio. one unleashing on him in a new campaign ad. we'll show you that ad. it is really quite different. speaker pelosi now infamous hair appointment cost the salon owner her san francisco business. what the owner is saying about it coming up. ♪. hey, can i... hold on one second... sure. okay... okay!

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the volatility. the ambiguity.

the moment calls for more. and northern trust delivers more. with specialized expertise. proven strategies rooted in data and analytics... and insights borne from over 130 years of successfully navigating economic turbulence. giving you clarity. inspiring confidence. and helping you uncover new paths forward. northern trust. wealth management. ♪. stuart: all right. still plenty of green. the market still nice and strong especially the nasdaq. tech stocks doing very well indeed. capri holdings, now that is the parent company of the luxury shoemaker jimmy choo.

susan corrected me on the correct pronunciation. susan: i flow jimmy choos. stuart: i know you do. they're having a new ceo. tiffany suing louis vuitton for backing out of that 16 billion-dollar acquisition. louis vuitton blames the virus and the threat of u.s. tariffs. they're both down. that is another company. here is the story on the screen. jcpenney rescued by mall owner simon properties in brookfield. the malls agreed to buy this bankrupt department store for $800 million. the only one going up is brookfield. they're up 16 cents. >> >> now this the san francisco hair sal son where nancy pelosi got her hair done has been run out of town. oh dear. lauren. lauren: she is not only closing her business, stuart, she is moving out of san francisco. here is eric kious telling

tucker last night she is scared. >> just a lot of negativity towards my business. >> what does that mean for the business? >> that means that i am actually done in san francisco and closing my doors. unfortunately. i'm actually afraid to go back just because of the messages and emails i've been getting. lauren: she lives in san francisco for 15 years. she is afraid to physically go back there. she was hit by a deluge of hate mail when that surveillance video we showed you. nancy pelosi getting a wash and blowout without a mask on. this is partisan politics. in pelosi's district. it has pushed not only erica out of business but also out of san francisco, stuart. stuart: what a terrible story. thanks, lauren. lauren: i know. stuart: that is a table thing this day and age to be run out

of your hometown and business. on your screens, new york may bill de blasio another democrat in the city released an ad that slams the mayor big time. tell us all about it, ashley? ashley: it's a simple message. lawmaker matt rose, democrat from long island calls mayor de blasio the worst mayor in new york city history. he feels strongly put out a 15 second ad that is pretty pointed. take a listen. >> bill de blasio is the worst mayor in the history of new york city. that's it, guys. ashley: that's it, guys. that is all he have wants to say. a spokesman for mayor de blasio firing back at rose whether he would prefer fernando wood a former income city mayor from the 1850s, who wanted new york to secede in the civil war. rose attacked de blasio before,

accusing him of trying to kill the city's restaurant industry. stu. stuart: i can understand that. by the way, new york city, indoor dining, can resume with a very limited capacity. they will resume at the end of this month. just wait until you hear all the other restrictions that are piling on. restaurant owners in the city are just tearing out their hair. the next virus stimulus bill expected to be dead on arrival. there will be a vote today but apparently dead. does senator john barosso care? does he want more stimulus? i will ask him, because he is next. ♪.

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stuart: the gop covid bill, dead on arrival. a vote expected later today but it is widely expected to fail completely. look who is here? republican senator from the great state of wyoming, none other than than senator john barrasso. excuse me, sir, i get the distinct impression that you don't care. your heart was never in more virus stimulus. it was never in it. you don't care, do you? >> i care a lot about the

suffering of people around the country. i just gotten back from wyoming, what i continue to hear, republicans hear, will vote on today, stuart, helping people get back to work, helping our kids get back to school safely and putting the disease behind us and today the democrats, playing politics are once again going to say no to all the needs of the american people because they are so obsessed with beating president trump, that i believe they will not support any or all aid between now and election day. after the election day, then they will miraculously want a deal. but right now the democrats are standing between aid and the american people. stuart: at this moment then, if this vote is, is a fail, right from the get-go, and i suspect it is, that is what we're hearing, there will be no liability protection for employers who open up? there will be no $100 billion to help the schools get back on track. those are two big items which

we, the people are not going to get. >> you're going to have a majority of the united states senate, all republicans, voting for this but you're going to have the democrats standing in the way, blocking it. chuck schumer says he will block it. nancy pelosi said she is going to block it because they have all these extraneous things unrelated to the health of the country and unrelated to the coronavirus that they want as a blank check as part of their piece of legislation. and, stuart, people know that is absolutely wrong. we are in the middle of a great american comeback. you've seen the economic numbers. you've seen the 10 million new jobs added in just the last four months. there are still people that need help. we have small businesses in wyoming who need the paycheck protection to keep people on the payroll. the democrats will say no to all of these americans. stuart: would you be prepared to chuck in a couple hundred billion dollars as a bailout for

some of the high-taxed democrat states who got a problem with their government retirement system? would you chuck in a couple hundred billion dollars so we do get aid for the schools, and we do get liability protection? would you make a deal? >> the democrats are not interested in a deal no matter what we say, stuart. they do not want a deal. they think, they have made a political calculation, they're, this is all about politics to them, it is not about the suffering of the american people and the decision that they have made is, nothing will get done or passed until after the election day in two months. i think that's a disgrace on their part and really a travesty for the american people. stuart: senator john barosso, thanks for jumping on board the last minute. we do appreciate it. we'll leave it at that. >> thank you, stuart. stuart: sure thing. look at the markets, we're coming back. there is not so much green out there. the nasdaq is still up 70. the dow is still up 30. but it had been far higher than

that a few minutes ago. credit suisse upgrading spotify from neutral to outperform. there is a stock that has done extremely well and credit suisse thinks they are going to 315-dollar per share, up today, another 3%. gamestop reported a huge 27% drop in sales. they're planning to close hundreds of stores. 8% down on gamestop. microsoft announcing you can now pay for their new xbox consoles in installments. prices start at 24.99 a month for 24 months. they have two consoles coming out, set for launch on november the 10th. microsoft struggling to hold on to even a small gain today. nikola back in the headlines, responding to some pretty damaging claims. tell me all about it, lauren? lauren: sending the stock down 7 1/2%. the short seller, hindenburg research, accusing nikola of making electric trucks of

intricate law lies by founder trevor milton. he is responding on part, tell me on twitter, give me a few hours to put together responses to their lies. this is all you got. stay tuned here. but what a reversal t was just two days ago when general motors helped validate nikola with this major partnership to produce hydrogen fuel sense pickup the badger to better compete with tesla. now the accusations they might have been misled and other investors as well. stuart: there is an interesting follow-up to that, lauren. susan has got it. general motors is partnering with uber to get drivers into electric cars. >> gm will offer a 20% discount to the electric chevy bolt and home charging equipment. the bolt, 37,500, including the delivery charger.

uber drivers will save 2,000, $2500 per car. uber wants to get the fleet to zero emissions by the year 2040. they're spending money to get electric cars for their drivers. gm is spending the future on electric. they're spending $20 billion on ev vehicles by the year 2025. stuart: something going on with uber, constantly creeping higher susan: still way below $45. stuart: way below. l.a.'s homeless housing costs more than some luxury condos to construct. one unit costs 531,000 bucks. "fox nation" host tomi lahren fired up about this. no wonder she fled california for tennessee. she is coming up on the show shortly. insights in your customized view of the market. it's smarter trading technology for smarter trading decisions. fidelity.

stuart: we appear to have lost the rally, lost it entirely. i mean, not too long ago we were up 100 points on the nasdaq. now we're down 7 on the nasdaq. down 11 on the s&p. look at the dow, now we're down 107 points. i'm trying to figure out what's happened here. i think there's been a reversal, that particular for the big tech stocks. microsoft is a dow stock. it's now moved lower. apple is a dow stock. it's moved lower. maybe that's having quite an influence on the dow industrials and on the nasdaq as well. but we've got a market reversal in progress. now we're down 130 points just

like that. there was some positive news first thing this morning. for two straight weeks we've had under 1 million new jobless claims, 884,000 reported this morning. pretty good number. encouraging. but not encouraging the market right now. now this. the democrats are moving heaven and earth to help the rich. you heard right. the democrats are running to the assistance of the top 1%. this tells you a lot about political change. if you thought the democrats were all about working people, think again. maybe the socialist wing wants to seize your wealth, but the establishment is desperate to bail out their wealthy supporters specifically they want to bring back the deduction for state taxes. yes, that's the issue. it's the big sticking point in the fight over new virus package. back in the good old days, shall we call them that, before trump,

wealthy people could claim a deduction for the state taxes they paid. you fork out -- you're really rich, you fork out say 100,000 bucks to new jersey, new york, illinois, california, and that $100,000 used to come off your federal tax return. it was a major league's deducti deduction. it was a big tax saving. that's the old days. now, no deduction. and the wealthy, especially in high tax democrat states are complaining bitterly. they're paying more federal tax, not less. there is desperation. new york senator chuck schumer is demanding a repeal, so is speaker pelosi, who is from california. so is candidate joe biden. the establishment is desperate to avoid even higher taxes in already high tax democrat states, which would make things even worse. but if it were to be repealed, the establishment helps its rich donors.

it would be a democrat gift to the wealthy. and beneficiaries would be 1 percenters. forget ideology. political self-interest rules. that's what rules democrats. look who's here, steve forbes, a republican i do declare. he's the chairman, editor-in-chief of forbes. all right, steve, have you ever seen anything like this before? the democrats going out of their way to help and encourage and give more money to the rich. >> well, the hypocrisy just knows no end. you wish for that old english writer, 300 years ago, jonathan swift could do maybe justice to this kind of behavior, but otherwise it is beyond parity. the fact the mainstream media doesn't hit them on this goes to show what's happened in the last few years. stuart: i think it does show a switch in politics. i mean, years ago, the

republicans were the country club party and the democrats were the party of working people, working families. that seems to have changed rather subtly and changed in a very comprehensive way. you with me on this? >> yes, in terms of their narrow well being, but they better be careful of what they wish for because if they actually read what aoc and others have done, left wings have done to that democrat party platform, hey, 40% capital gains tax, last time we had that, stuart, was in the 70s, we saw what that did to the economy. joe biden effectively wants to raise taxes for higher income people that would take people even with the salt deduction to a marginal rate, high rate of 55, 58 percent. you smash businesses with higher taxes, you will have a weak economy. these people, yeah, they may have high incomes now, but they may be facing what they faced in the 70s, stagnation with inflation. because you know what's going to happen with a stagnant economy when these guys get in, if they get in and control the senate?

the federal reserve will print money. we will have two words we haven't heard in a long time -- one word, stagflation, stagnation and inflation. the other thing that i think is beginning to get in the consciousness of the market, the democrats have quietly made clear they want to pack the supreme court. they want to add new justices. they bandied about it in the primaries. now they are kind of muting it. it is out there. if they get control of the senate, they do away with the filibuster. they will add appellate judges, now seats to the supreme court. the whole thing they see is once in a lifetime chance to go full left wing socialist. that's what i think the market is just beginning to digest that nightmare. stuart: we have been warned, steve. now, as you know, joe biden got out of the house yesterday, went to michigan, and he gave a short speech. i want you to listen to part of biden's new jobs plan. roll that tape, please >> we're going to impose a tax penalty on companies that avoid paying u.s. taxes by offshoring

jobs and manufacturing. only to sell those goods back to the american consumer. i'm not looking to punish american business. but there's a better way. stuart: i don't get it. i would have thought that his tax plan would encourage companies to leave the united states and take their money with them. where am i going wrong? >> you aren't. we saw this before trump cut the tax from 35 to 21 percent, made us worst in the world, to little above average, and he wants to do more in the second term so we get more investment coming in from overseas. that kind of uncertainty is going to weigh -- is going to hurt investment. without investment, you have a bad economy. they just don't get it. the one thing these democrats don't realize is very simple fact, government does not create resources. people and free markets create resources. all government can do is seize resources and then allocate them what they think are politically

desirable ways. but government does not create jobs. government does not create resources. we the people, the american people create those resources. stuart: i'm unwilling to change course, steve, but i'm going to because i love to see you pounding the table about freedom and liberty and markets. i love it. but i ask you a question about the market, do you think these big tech stocks are overpriced? >> they probably got ahead of themselves. apple used to be 13, 14, 15 times earnings. then it went over 30. but long-term, high-tech is where it is. and what i think you are going to see in the next few years is you are going to start to see the emergence especially if we cut the capital gains tax, which trump wants to go, you will start to see emergence of new large tech companies. these incumbents they have been around for a while, but new ones always emerge in america. in terms of the stock market, don't be a timer. just hope we get a good result in november. then things will be all right, but this is why this election is so important, stuart. it is not about personality. it is about basic principle, basic direction where this

country goes. i hope voters realize that when they start getting their mail ballots which is whole other issue. anyway, i hope the american people see it right. stuart: we shall see. steve, as i said, keep pounding that table, please. we need you. steve forbes, thank you, sir. all-time high for restoration hardware. they had a blowout quarter. look at them go. that's a current quote, up 22%. give me the full story. lauren. >> yeah, that's a record high. so we're buying second homes. we're buying bigger homes. we're decorating them with furniture. an analyst said the stock could go up another 50 percent. listen to what he told you a few weeks ago. >> the company is profitable. they are unique. they don't have much competition. they are about to go international. for those reasons, i think restoration hardware could easily go up 50% from here. >> can you imagine?

i mean, the stock hit 410 earlier stuart. their margins look good. this has been a winner this year. it continues to be a winner as long as the housing market does okay, and people with more money keeping their jobs, not spending that money on discretionary in terms of vacations and entertainment, but putting it into their homes. stuart: yes, another stock that i did not see coming. you know, there's a lot of them; right? thanks, lauren. put the stock up please. a new chief executive officer was announced. history change. >> first woman to run a major bank. a big deal on wall street which has a long history of being male dominated. before silicon valley took over. frasier has been at citigroup for 16 years. she will take over from current citi ceo who has been ceo now for eight years since 2012 and 37 years in total at the bank. he's retiring in february of next year. and that's two years ahead of

schedule. this announcement is a bit of a surprise this morning. he was seen as mr. fix it, credited for returning the bank to health after a near collapse in 2008, during the financial crisis, but shareholders were growing impatient in recent years with slowing growth at citi. citi stock is down some 36% this year. but up over 38% during corbat's tenure. he's seen as a steady hand, when he took over, when the earlier ceo job stepped down. stuart: now he's out. >> first female ceo of a major bank. that's big. stuart: thanks, susan. stop what you are doing and take a look at this. ouch. the sky turned bright orange as wildfires exploded along the west coast of california. at least seven people dead and thousands evacuated from their homes. we've got a live report from california coming up for you. that's frightening quite

frankly. i have relatives who live in san francisco who have sent me pictures. it is just ugly. 54 days -- does that say 53 or 54? 53 days till the election. still no clear answer on how mail-in voting will work. i don't think it will work at all. "wall street journal"'s dan henninger says we're in for a political crisis. he joins us next. ♪ what do you look for when you trade? i want free access to research. yep, td ameritrade's got that. free access to every platform. mhm, yeah, that too. i don't want any trade minimums. yeah, i totally agree, they don't have any of those. i want to know what i'm paying upfront. yes, absolutely. do you just say yes to everything? hm. well i say no to kale. mm. yeah, they say if you blanch it it's better, but that seems like a lot of work. now offering zero commissions on online trades. we charge you less so you have more to invest.

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♪ you can go your own way ♪ ♪ go your own way your wireless. your rules. only with xfinity mobile. stuart: joe biden took his campaign to michigan yesterday. today it's the president's turn. he's going to michigan, and jobs are on the agenda. blake burman with us from

washington. do you have a preview for us, blake? >> michigan is where president trump is going later this afternoon, the saginaw area, about 100 miles directly north of ann arbor. to give you a view as to why michigan is so important, 16 electoral college votes up for grabs in that state. a state the president barely won by the tiniest of margins .2% in 2016. it is a state he flipped as well. democrats had won that going back to 1992 in the previous six elections. president trump turned it red. when you look at the polling though right now the real clear politics average has joe biden up by about 3 percentage points. we heard from biden there yesterday. he was talking about the auto industry, says that the current administration has fallen short in his view of the gains of the past administration, when it comes to that very important industry in michigan. probably stuart hear the president talk about the auto industry. also as we sit here on september

10th, no big 10 football. that is one of the biggest issues in that area. the president has sort of inserted him into that issue. i suspect, maybe, this michigan grad suspects that maybe we will hear the president talk a little big 10 football today. stuart: that's it. you had me worried when you said this is september 10th. i thought you were going to remind me it is one of my son's birthdays today. >> happy birthday little varney. stuart: he's 36 by the way. >> that's my age. [laughter] stuart: really? >> yes, it is. it is indeed. stuart: my son has a very broad new zealand accent. and you don't. [laughter] >> i don't, know -- i don't, no. stuart: and you will never have one either. blake, thank you. [laughter] stuart: it is thursday. we have the "wall street journal"'s dan henninger with us today. his new piece is on the inevitable mail-in voting fiasco. come on in, dan. look, i've been saying for

sometime chaos is absolutely inevitable the way things are organized now with this mail-in voting. there's no way around it, is there? >> there isn't, stuart. the question is why isn't anybody in the political world listening to you or to me? we are like a boat of 120 million voters of heading to the top of niagara falls and i think we're heading on our way over. postal experts have said for a long time there should be no mail in ballots within seven days of the election. no one is listening to them. states are allowing people to mail in the week of the election. lawsuits are being filed to challenge when they are counted, excuse me, after the election. the verification process in many places is going to consist of poll workers sort of holding envelopes up in the air looking at the signature, seeing if it matches the one that's on record. look, here's the primary metric,

stuart. the "wall street journal" polling shows that 66% of trump voters are going to vote in person, while nearly 75% of biden voters say they will mail in their ballots. in effect, we're going to conduct two parallel elections; right? and you can belt that when it's over -- you can bet when it's over, both joe biden and donald trump are going to claim they won their election, whether it was mail in or voting in person. so i agree with you. we are heading towards an extraordinary political crisis that the country simply is not preparing itself for. stuart: the last time we saw anything like this was the year 2000, bush, gore, in the five weeks of the indetermined election, the s&p 500 dropped 11%. i think if we got the kind of kchaos that you and i are talkig

about this time around, i think there will be a much more significant stock market correction. you with me on this? >> yeah, i agree with you on that, stuart, because i think chaos is the word. i think there's going to be disturbances in the street. the day after donald trump won the election in 2016, there were protest marches in the streets all over in america. we recall how in new york they stopped traffic during rush hour just lying down in the middle of the street. we know what kind of protests we've been experiencing for the past 100 days, and i think that's just going to be a day in the park compared to what happens after this election. yeah, i think the stock market is in trouble. i think the political health of the united states is going to be in trouble and that some of these politicians, both from the democratic and republican party ought to start talking directly about when these mail-in procedures should be established and finalized. stuart: yes, get it straightened out. still have a little time left.

dan henninger, good stuff today. thank you for joining us. see you again soon. thank you. by the way the market has come back. we were down over 100 for the dow. now we're down 19. there's a little volatility going on at the moment, up and down, in a fairly narrow range. >> don't you think the volatility is pricing in the fact that we will not get a decisive outcome on november 3rd? i mean that's why we have fallen from the record levels; right? stuart: i think it is one of the major factors behind the stock market at this moment, increasing anxiety about what is apparently the up coming chaos in the election. >> pricing in two months ahead of the election, do you think we will get a big reaction on the evening of november 3rd? stuart: it depends what happens on november 3rd. i don't think we will get a result. the s&p is up a fraction. the dow is only down 8. it is called volatility. that's what we've got. president trump unveiling his short list for supreme court nominees. this is important. give me the standouts, lauren.

>> the standouts are the three u.s. senators that are making the list including tom cotton and ted cruz. they say they are honored to receive a potential nomination. but josh holly although potentially nominated he has declined. wanted to tell you about the kentucky attorney general who spoke at the rnc, handling the breonna taylor case, daniel cameron, he's making the list. all in, 20 names, but mind you, where's joe biden's list? just days before americans go to the polls and you heard steve forbes say earlier it could be a nightmare, far left socialists are likely on that list when we do see it, stuart. stuart: i would like to see it. no guarantee he would release it. you don't have to, i guess. lauren, a couple of stocks, united airlines have reached a deal with their pilots to avoid furloughing 3,000 of their 13,000 pilots. the stock is up 1% on that. boeing in the midst of an

independent ethics probe of how they handled the bidding process for the nasa luna rover contract, boeing at 1.60 per share. amazon just named their first head of space policy. susan? >> peter marquez, former director of the white house space policy under two presidents george w. and obama, he was even an advisor for netflix's, why is this important? amazon is spending big to get into space. this is the next frontier, 10 billion dollars worth to send thousands of internet satellites into space to provide internet to rural areas in the future. i think this as a competition to space-x's star link. this summer the fcc approved amazon's plan to launch more than 3200 satellites over the next nine years, a venture that could be a big money maker for the company in the future. by the way, also the former nsa director keith alexander is

joining amazon's board. he's a retired four star army general. alexander might help in amazon's ongoing battle to win more of these lucrative government contracts in cloud, especially fresh off amazon's loss of the 10 billion dollars contract to microsoft instead. amazon objected to this saying it's politics and president trump's dislike of jeff bezos and in the washington post, but then the defense department last week reaffirmed their choice because of it provides better value. stuart: amazon is continually criticized because they attract an enormous amount of money and they have a lot of money. i think that's a good thing, because the money comes in, they funnel it out to new industry. >> right. stuart: which they update, redesign and make competitive. >> that's right. they are ahead of schedule, six years ahead of cloud than anybody else. when they get into something new, obviously they have very good forecast. jeff bezos has a very good forward thinking mind.

when they get into new businesses, you have to look at it and think maybe this is something new. think of subscription what they did with amazon prime. they had netflix and wal-mart trying to play catch up. when amazon does something, people pay attention. stuart: i was trying to remember that expression from star trek. >> oh, gosh. the hand signal? stuart: that one? live long and prosper. thank you. live long and prosper. >> there you go. stuart: moving on, despite shutdowns and soaring unemployment, credit card debt is dropping. that was in the second quarter at least. first time we've seen that in 30 years. how come we're spending less on credit cards? we will try to tell you about that. housing for the homeless, it costs more than some luxury condos in los angeles. how can that be? someone who left california precisely because of this kind

of thing is on the show next. this is decision tech. find a stock based on your interests or what's trending. get real-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions. fidelity.

and then found the home of my dreams. but my home of my dreams needed some work sofi was the first lender that even offered a personal loan. i didn't even know that was an option. the personal loan let us renovate our single family house into a multi-unit home. and i get to live in this beautiful house with this beautiful kitchen and it's all thanks to sofi. stuart: update on the wildfires raging in the western states, especially washington and california. look at that. bright orange skies up and down the line. fox news jeff paul is on the ground in california. jeff, my question is, is there

any sign of relief there? >> unfortunately not. i mean, the one good thing working in their favor right now is that those santa ana winds aren't as nearly as strong as they predicted but it could change at any moment. we have got about four more months to go in this fire season. behind me, this gives you a little bit of an idea, imagine living in this community of monrovia and waking up and seeing this, essentially in your backyard. this fire has doubled in size, and it's just one of more than 20 large fires burning here in california. as you move up and down the west coast, and get into the pacific northwest, it's the same devastating story. dozens of fires impacting both oregon and washington. at least three people were killed in oregon in the fast-moving and massive fires that have now stretched 500 square miles in total, roughly the size of phoenix, arizona. officials say that fires have

destroyed five small towns as those flames continue to spread. governor kate brown says the state has never seen anything quite like this. >> i want to be up front in saying that we expect to see a great deal of loss, both in structures and in human lives. this could be the greatest loss of human lives and property due to wildfire in our state's history. >> in northern california, authorities have confirmed at least three deaths, but as many as 12 people in the area are missing. hundreds have already been rescued, via helicopter, and even a group of firefighters had to be rescued as well, as they were trying to protect their fire station. even though those fires are burning a few hundred miles away from the bay area, the winds have pushed ash and smoke into cities, like san francisco. this was the scene yesterday. it's creating a kind of eerie

sight causing bright orange and red skies. almost like something you would see on the planet mars. >> i was wondering what time it was. then i looked outside and it looked like doomsday. >> it feels like the end of the world. it's pretty scary. >> now, in total here on the west coast, throughout 13 states, there are 90 major wildfires. that's a lot of land burning right now. stuart? stuart: yes, it is. those orange skies really do tell the story. thank you very much indeed, jeff, good stuff. thank you. i'm going to stay on california. i want to talk to you about the cost of building a house for a homeless person in los angeles or a unit, a livable unit for homeless person in los angeles. 531,000 bucks, that's absolutely extraordinary. our guest is with us now. as i understand it, a referendum back in 2016 okayed the 10,000 units for homeless people.

they've only managed to build 228, and the average cost was 531,000 bucks. what on earth is going on here, tommie? >> well, if you've lived in los angeles, california, this wouldn't shock you at all. this is really business as usual. as you brought up, nearly four years after voters approved prop hhh, only three projects have opened. construction hasn't even started on three fourths of those projects. as you mentioned, the average cost is $531,000 a unit. some of the units even more than that, so you have to ask yourself, and you know what, voters in california and los angeles have to ask themselves, what is going on here? who is getting kickbacks? why does it cost so much? who are these contractors? and what politicians do they know because that's the question that i would be asking if i still lived there. stuart: but you left, didn't you? i think you left because of some of the problems that we have been talking about today and on other occasions. but when you left, off you went

to nashville, tennessee. but as i understand it, nashville's got its problems too; right? >> well, that's what happens when you put a democratic mayor in charge, you get a whole host of issues and problems and you bankrupt an entire city. you and i have talked about this over the last several months, and unfortunately, it hasn't gotten much better. our democratic mayor john cooper is on a power trip to punish bar and business owners, particularly on broadway, which really is the life blood of this city, and he has a curfew at 10:30. he's got a 25 person inside, 25 person outside rules, and this city is being absolutely crushed from within, and all he would have to do would loosen those restrictions, let people get back to work. we can do it safely and responsibly, but he won't because he's got a vendetta. stuart: it's exactly the same story in new york city. they are going to allow it to be opened, indoor dining and restaurants in new york city, a nice camera move for you, okay,

you didn't see it, but that's on a monitor on mine. a close up of my face. they want to see my new eyes. [laughter] stuart: i do however have a question for you, tomi. have you ever heard of jay tutler? >> i have heard of him, yes, sir, in the last week i heard a lot. stuart: i understand he's a former quarterback for the chicago bears, is that accurate? >> that is accurate. you know, and he happens to live here in nashville, tennessee. the thing i wish people would care more about than me being seen with him is reopening nashville, tennessee, so if people could care just a little bit as much as they do about that and those rumors, if they could care about nashville and reopening our bars and businesses, i would be a happy girl. stuart: you are a diplomat. you should work for the state department. that was very good. moving around the subject. brilliantly i thought actually brilliantly. tomi lahren, her show, no

interruption, on fox nation, it is great. i won't harass you again in the future. okay? i will leave you in peace. [laughter] stuart: she's still smiling. thank you tomi, all right. we've got a pop star in nashville, i think, hoping to bring music -- i'm sorry, hoping to bring baseball to nashville. who is this? ash? ashley: nashville already has plenty of music. actor and singer justin timberlake joining a group of tennessee-based investors to do what? to try and bring a major league baseball franchise to music city. timberlake is from memphis, tennessee. already holds a minority ownership stake in the nba's memphis grizzlies. now the entertainer has made an investment we understand in a group called music city baseball. how much he's invested hasn't been disclosed yet. the group wants to start a major league team called the nashville stars. guess what?

it is not going to be easy. key details such as financing and a pathway to a home stadium which can always be contentious have yet to be revealed. also major league baseball commissioner robert manfred has said there is no timetable for an addition of expansion franchises, but it does have some heavy hitter names to help the effort, in addition to justin timberlake, former oakland a's all star dave stewart, major league baseball manager tony lararussa -- larus also on board, alberto gonzales and also former red sox manager. i was in nashville, lived there for ten years. i was there for when the titans came to town from houston, when the nashville -- became an nhl team back in 98. why not have a major league baseball team in nashville, it would be great. stuart: ashley, we hear you. don't go back to nashville. you have to stay with us.

okay? ashley: okay, promise. stuart: tomorrow marks 19 years since the 9/11 terror attacks. new york city firefighter steven stiller was killed trying to save people's lives. his brother frank has been working to honor his brother and other first responders who gave the ultimate sacrifice. he joins us next. ♪ some companies still have hr stuck between employees and their data.

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ashley: down one minute, up the next, right now we're up 30 on the dow, up 7 6 on the nasdaq and up 7 on the s&p, up or down all day long. days into september, but holiday spending is already taking off. can you answer the question, why are people shopping so early,

kristina? >> i can answer the question and that's because summer is officially over in two weeks roughly. you've got thanksgiving that is 77 days away. and christmas 106 days away. to answer your question, the reason why you have so many people getting into the holiday season is because they are at home and they have time to think about it and purchase these goods. what we are seeing is an up tick in sales for christmas decorations as well as halloween decorations, even one texas company called christmas decor said they had such early requests from people to install christmas lights on their front lawn, and they told fox business they can't believe how early these requests have come in. listen. >> since about mid july, we've seen unprecedented interest in our service. people have been cooped up in their houses for a long time. so perhaps they didn't take a vacation this summer, and theyre just looking for something to do. they are looking for some, you

know, joy in their lives >> and it's not just about christmas supplies. you've got halloween supplies that have up ticked of course. one major halloween decor company party supplier oriental trading company owned by berkshire hathaway saying they are seeing an up tick. just yesterday, stu, i know you will love this story, just yesterday l.a. county's public health officials tried to ban trick-or-treating, but reversed course after backlash from law enforcement and parents. now they are seeing trick-or-treating is not recommended and really advise against door-to-door. halloween is not dead. stuart: i'm very glad to hear that. thank you very much kristina, great stuff, appreciate it.

>> thank you. stuart: another side to this story, and that is about credit cards. the credit card debt, the outstanding credit card debt in the second quarter of this year actually fell. first time we have seen that in 30 years. lauren, can you explain this one? >> it comes from wallet hub. they say we hold collectively 1 trillion dollars in credit card debt, but if you look at how much we paid off in the first half of the year, it's a record. about 120 billion dollars. so if you look at the average household, they hold about $8,000 in credit card debt, that is 8% less than this time last year, so saving money, paying down debt, good for your personal pocketbook, stuart, bad for the economy. it means we're not spending. stuart: yeah, that was in the second quarter of the year, though. that's important. that's january, february, march. that's april, may, june, that period there which we've already gone past. that's in the past. i'm sure we're spending now. >> it was for the first and

second quarters, 60 billion and 58 billion. stuart: that's right, earlier in the year. tomorrow marks the 19 tth anniversary of 9/11. up next a man who has dedicated his life to make sure that all the men and women first responders who made that sacrifice will always be remembered. frank siller is joining me next. ♪ we love our new home. there's so much space. we have a guestroom now. but, we have aunts. you're slouching again, ted. expired, expired... expired. thanks, aunt bonnie. it's a lot of house. i hope you can keep it clean. at least geico makes bundling our home and car insurance easy. which helps us save a lot of money oh, teddy. did you get my friend request? uh, i'll have to check. (doorbell ringing) aunt joni's here! for bundling made easy, go to geico.com.

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stuart: tomorrow is a solemn day in american history. it is the 19th anniversary of the 9/11 terror attacks. frank siller is with us. he's the tunnel to towers ceo. frank, it's a great pleasure to have you and an honor to have you on this program today. >> thanks. stuart: i know you are hosting the 9/11 ceremony tomorrow. vice president pence will be speaking. can you give us a preview of what we're going to see? >> well, we're proud to have 1309/11 family members -- 130 9/11 family members who will be reading the names of those who perished 19 years ago. vice president pence reached out and said he wanted to participate in our ceremony because the 9/11 memorial and

the museum decided not to read the names out loud so we took on that responsibility. he's coming to join us to make sure that we honor all those who perished. he will be doing something very spiritual that day, along with his wife karen pence will be there also. they will be reading something that's once again very spiritual. you know, our foundation, we do many things. we build smart homes for our catastrophically injured servicemembers, pay off mortgages for first responders who die in the line of duty and especially police officers with what's happened to them these past few years, for sure, and we take care of gold star families, but our first responsibility always will be to honor the sacrifice that was made 19 years ago, and we're going to make sure we do that tomorrow. stuart: you lost your brother on 9/11. i want you to share his story with us, please. >> his story is very incredible. it's inspiring. you know, he had just finished

his -- [inaudible]. he was a firefighter. he was on his way home to play golf with us. he heard on his radio scanner that the towers were hit. he went back to his firehouse, got his gear, drove to the mouth of the brooklyn battery tunnel, strapped 60 pounds of gear on his back and ran through that tunnel. that tunnel is almost 2 miles long so he ran with 60 pounds of gear during that tunnel. he ran up to what we believe to the south tower because we never recovered him. he gave up his life saving others. he's the youngest of seven. he inspired his older siblings to do good. that's why we started our foundation. we're doing the work that we do. stuart: that's an inspiring story. frankly i find this inspiring as well. your foundation has raised and spent over 250 million dollars. frank, that is an extraordinary amount of money. >> it is because, you know what? america is the greatest country;

right, in the world, that ever existed; right? we always say we the tunnel towers foundation we say the goodness of america, the generosity of america has to take care of the greatness of america and the greatness of america is those who are willing to die, varney, for you and for me and for your viewers. every single day they're willing to die for us, whether it be our first responders or our men and women in uniform. as a country, we've got to let these families know that if something happens to their loved ones, while they are protecting us, that we're going to take care of them. we will take care of the families that are left behind. that's what we do with the tunnel to towers foundation and we're blessed we have had so many people join us on this mission and on this journey. it is far from over. there's so many of those who have to be helped and taken care of, and that is our goal. but once again, we're so proud of what we're doing tomorrow. you know, the 9/11 memorial decided not to do the tribute -- stuart: i wanted to get into that, frank, because they didn't want to do the twin beams of

light, and they didn't want to read out the names of the dead. you managed to get that reversed. give me 30 seconds on how you got that reversed. >> we got it reversed because we were going to do it and shame on them and there was tremendous pushback from 9/11 families. we're still going to read the names because they are not. we have lights. we just did one last night in the pentagon. i was down in washington, and we're doing it in shanksville tonight. we will have those lights shining in two places that were never there before. so out of that bad decision came some good. that's what our foundation is always about, turn evil, turn bad into good and let the brothers and sisters, while we have time, let us do good and the work we do is good and thank you for having me on today. stuart: we're not done. >> oh, good. stuart: we're not done. i need another 30 seconds for you to tell me where you got the 250 million dollars. i suspect it's from ordinary americans who want to cherish

the memory of 9/11 and the victims. did it come from ordinary people? >> we are a grassroots foundation. we're blessed that we have home depot and general motors that donate millions of dollars to us every year, and thank god for that, but we count on people donating $11 a month, and actually we're blessed we had a family that just made a huge donation today, and it is going to take 50 people off our waiting list. stuart: that's wonderful. >> it's incredible. but $11 a month, most americans could do is that, $11 a month, we could take care of every cop, every firefighter, every servicemember that give their life firefigor our country ever if people donate $11 a month. stuart: i think you might bring in some money. i hope you do. you are a good man, frank. thank you very much for joining us. we will see you tomorrow. that's a promise. thank you, sir. >> okay, thank you, god bless.

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stuart: some ups and downs in the market today. susan as statement from nancy pelosi. susan: house speaker pelosi hopes for coronavirus aid bill before the november election. stuart: even though the bill be a fail today. she is hanging out politically.

we want the package. it is republicans rebecause to help the people of america. susan: everybody needs help. stuart: are we done? we're done. time is completely up. great to be back after a few days away, here is my colleague neil. neil: i want to thank my colleague david filling in when i was away. he was doing, double, triple, quadruple duty. he didn't h doesn't get extra for doing that. the wildfires burning across the entire west coast. getting a handle on it, one you get under control and another one pops up. the skinny bill is multilayer process. it is not an