>> thank you, good to see you, have a great day. have a great day everybody i hope you can seize the day, "varney & company" begins right now. stuart: good morning to you, good morning, everyone, the biden campaign has every reason to be worried about his performance, he went to florida tuesday, he did not do well, he played the song d'esposito on his phone when addressing histrionics, he tried a djokovic fell flat and he mentioned the harris biden administration, it did not go down well, you will see it all, meanwhile the president was celebrating a mideast diplomatic rate there since 1994 israel reached an agreement with arab states and

the printed term president with this idea, let's talk of more states joining morocco, even saudi arabia, it was a trumped triumph so the media largely ignored, that is politics in the election, like money, the dow industrial this morning will open with a gain of 100 points, small change to the s&p and a small gain for that nasdaq, the fed is likely to announce today that interest rates will stay low for years plus encouraging vaccine and virus treatment news from eli lilly, i got that, sally madeley and paul but the point about the storm, it is moving very slowly, that means drenching rain that goes on and on and maybe two to 3 feet of rainfall in some places, it is a big storm reaching from mobile to northern florida up into georgia and even the carolinas, it is wednesday september the 16th, i believe it is 47 days

to the election, "varney & company" is about to begin. ♪. stuart[applause] >> i just have one thing to say ♪ >> i'll tell you what if i had the talent of any one of these people, i'd be elected. stuart: that was part of joe biden's attempt in florida to call the hispanic vote, we will

have more later in the show. you do not want to miss any of this. take a look at apple, they are rolling out a new product line this winter, a subscription service, the stock is down this morning. susan has been covering this, is it down because there was nothing about a 5g phone. susan: were still at a $2 trillion market cap, it did not fall that much, two new watches, two new ipads, the subscription bundle and fitness program, pretty cool new features which might entice you. stuart: start with that, what is new in the new watch. susan: a blood oxygen monitoring which detects oxygen going to your blood and could detect covid because if you're short of breath or not feeling well, oxygen is lower usually in your bloodstream, also better quick tracking and we know that there are rolling out the fitness program because were working out more at home these days.

stuart: that is the watch, i got that, i guess you could use that when you during your fitness thing, what about the fitness bundle, that was a bit of a surprise, the subscription bundle, apple one is what is called, i was expecting that next month when they were left the 5g iphone, that includes everything for one monthly fee, you get the services, tv, music, apple news altogether for a family package is only 30 bucks a month with 2 terabytes of cloud, that's a lot of storage for you. >> it is not blowing investors away, and all out presentation by any means. stuart: i would say you had a lot of goods, either way we know iphones have stagnated and they hit peak iphones, what is making up, the wearables which does include the watch, sales double for wearables in two years and a fortune for the company on its own and they outsell the entire swiss watch industry. stuart: i have all of that, the

stock is down this morning. susan: a 2 trillion-dollar company and as i mentioned to you, this was anticipated, nothing that was a surprise, it's a taster for next month. stuart: don't you want a surprise, isn't that what apple is good at, a surprise. susan: i would probably not want to surprise on the downside. stuart: down 40 cents, i will give you that, 115 on apple as we speak. moving on we have the latest read on mortgage applications, the state of the real estate market, where are we. ashley: state of the estate, mortgage applications, folly 1% for the week, but still 6% higher than a year ago, that is the smallest comparison, the 6% this may, as for refi, i think you could say basically so many borrowers have already refinanced so demand fell 4% for the week but the actual is still

up 30% compared to last year end we should note that purchases have outpaced a year ago levels for 17 straight weeks but based on these numbers as well there are signs of the activity that is starting to slow down and by the way we will get another snapshot of the housing industry 10:00 a.m. eastern with the latest housebuilding survey and the 11:00 o'clock hour the head of the national association homebuilders jerry howard himself will be on the show to give us the very latest. stuart: let's see if it still bought market for homebuilding, let's see what the numbers show us, it may be, we shall see, check the markets, we are in the green across the board, not a huge gain expected this morning, our next guest says the fed could throw a wrench into the mix if they say they will raise rates some point in the future. market watcher is here, why would the feds say anything like that at this point. >> the only reason would be

political which is in itself so frightening is hurt to comprehend even a put it on the table however, in the divided times anything is on the table, i don't see that happening, if it does the whole country is off-track in every which way, the feds should maintain the lower for longer policy, that is what everyone expects, that's what the markets expect and that's what they will do, anything negative could upset them equity market and that would be a huge problem. stuart: you're not expecting that, you're expecting low rates near 0 as far as i can see, everybody else is expecting, you too i guess. >> the markets are expected not to. stuart: a warning for investors from blackstone, giant company, they say the market is facing a lost decade, and other words you will not get much in the stock market for the next ten years or the current 2020 decade, what do you say to that. >> i don't agree with that at all, i think there is some bubble at play and maybe air let

out of the bubbles in the next couple of weeks going into election and i think we will see a more volatile market the long-term the market is higher in a lot higher over time, there is nowhere else for the money to go, i think this is predicated on what happened to japan in the 80s, the united states is facing high deficit and low interest rates and is facing a lot of things that japan's face and i don't think the united states is facing trajectory by longshot. stuart: got it, we will see you again soon. i want to move onto pallets on, apple has a new fitness app, a fitness bundle i guess you can call it, what is peloton saying about it. lauren: there's a welcome, come on in, friendly competition is in our dna, welcome to the digital fitness apple and they say look, we only compete with your content, apple does not

sell bikes or treadmills, at least not yet, then ice all a note from the research and they nearly doubled their price target to $100 and they say peloton has a leverage because it has mover status, it's going to cost you 40 bucks a month to take peloton streaming classes, that is four times the price of the unbundled apple fitness classes is something to disparity but apple makes you bribe the pricey watch if you want to stream the new fitness classes. stuart: peloton has gone back to $83 a share, i got that. stuart: then there is flywheel, that is also cycle big competitor for filing for bankruptcy, it hit him so hard to get close all their studios permanently and there the second major fitness company to file for bank of see this week, town, sports and the national, they filed on monday, people are getting used to working out at home, that's a message here, back to tiktok, here we go again

president trump says he is nearing a decision for oracle takeover bid, rotate. >> were going to make a decision pretty soon, i have a high respect for larry, he is somebody i know and he's been a terrific guy for a long time, were going to take a look, i heard the really close to a deal and we will look with tiktok with every allison and oracle, susan it is not a done deal yet but you have a hard deadline of september 20 and you have to win over the china hawks and charlie gasparino is reporting what everybody else is saying that it's not a done deal because you have to win over peter navarro in the secretary of state, mike pompeo, is not an outright sal e but it does protect user data that's a question and oracle says yes, they will be exclusive cloud partner and they will oversee data and you get 25000 new jobs with headquarters in the u.s., that is to the treachery of the u.s. president.

stuart: that is it, not necessarily cash you cover 25000 new jobs in the united states. susan: treachery through taxes. stuart: that is the payoff, that's a story. thank you so much. what do we got now, we got facebook i do declare, we got facebook coming up, the dow down five bucks, they are being pressured by hope high profile celebrities, they are down five bucks, 2%, big drop. what is the story. >> here we go again, kim kardashian that has the most number of followers on facebook, and instagram and other celebrities, what they're doing today all day is freezing their account, they want to push facebook to stop violence, spreading racism and contributed to election disinformation, the group behind this is paper profit and also behind the summer add boycott of facebook and that has no meaningful impact of facebook bottom line

in the facebook i asked for 24 hour celebrity blackout is going to be meaningful, it is if you consider all the resource devotion that facebook is a partnership with celebrities, but like you say no because you cannot change in one day, i don't know, by the way in the second quarter we took down over 22 million pieces. ashley: facebook may be facing a department justice antitrust investigation, that is not giving them any either. we knew that but is coming on strong today. joe biden running for president, it looks like there may be a little confusion on who is really in charge. watch this. >> harris biden administration is going to relaunch that and keep pushing forward. >> here's a administration would joe biden as the president of the united states.

stuart: harris biden, really who is in charge, more on that coming up. we have the accounting firm forecasted at 25 - 35 increase on online shopping this holiday season, that is extraordinary forecast. before we go check the markets again, plenty of green, up 100 for the dow but a small gain for the s&p and the nasdaq. we will be back. ♪ ♪ limu emu & doug you know limu, after all these years it's the ones that got away that haunt me the most. [ squawks ] 'cause you're not like everybody else. that's why liberty mutual customizes your car insurance, so you only pay for what you need.

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will begin play the weekend of october 24, no details on what that would look like, we would obviously follow the story, that's a big deal. a couple of companies to check up on, they are cutting 50% of their workforce, they say that was a 55 million bucks, the stock is down a fraction. simon property group, they are closing for the thanksgiving holiday this year to allow their workers to spend more time at home for their families, 71 bucks a share, august retail sales out this morning, up 0.6%, a lot of people call that disappointing, look who is here, gerald, the retail guy, what do you think of that number, disappointing. >> i think people who say that are living on a different planet or something, there's highly engineered numbers, easily adjusted to purdue this month the last month in the middle of all the craziness going on, i look at something similar which

is sales in august this year versus sales in august last year prior to the pandemic, they were up 2.6%, higher than they were in july which is 2.5%, regardless the consumer is spending more this year than they did last year when there was no pandemic. stuart: thank you for straightening that out, disappointing, disappointed, good stuff. >> is also concentrated in a few categories, apparel is doing terrible but there was no back-to-school at apparel was done over 20%, department stores download 20%, restaurants down 15%, we know that. stuart: spell it out, very good, the accounting firm deloitte, an amazing forecast from those gu guys, they say online sales will jump 25 - 35% november through january, the holiday. , that is an astronomical forecast isn't it. >> i think it's inevitable, look

at where we are now, just last month online cells were up 23% and they tend to perform higher online sales in the fourth quarter and the holiday season, keep in mind that amazon shifted prime day into october which will count as a holiday quarter this year, there is no way you will be higher than his running and inserting up 23%, i think they are right in the ballpark, deloitte was up 1 - what and how% i think they're not giving the consumer enough credit, i think it will be double that and the reason i think that, the election will be over and there will be a vaccine announced, maybe not people's arms it'll be a forced move and they will shop and enjoy christmas. stuart: online shopping is taking over. what do you make of the proposed online shopping holiday, tenth of october, 1010, what do you make of it. >> i think everyone knows that

amazon will have prime date in october and once amazon starts to do anything every retail knows that they better so online everyone tries to compete with prime day and do their own thing during the same. you get a share, the really worth it even though it's in july and i'm sure it'll work well in october. stuart: what will we do with the brick-and-mortar retail operations if everybody is going online. >> that is a great question, i think some will be redeveloped, the population of countries still growing in good real estate is always good real estate, the well located malls or retail location have a purpose whether it's residential or a little more healthcare uses which is bound to grow, other purposes, the space will be used for something different, to poorly located locations that will have to close and basically become a real estate office or insurance, i don't know, they will be closed.

stuart: the rental income is going to go plummeting and there's no way around that, tapping already in new york, retail rental charges are just going down and down. >> we have 2 - 3 times the amount of brick-and-mortar retail real estate that we need. stuart: you said before the lockdown in the virus accelerated trends that were already apparent before the virus hit, you are absolutely right, the trying to online shopping looks unstoppable at the moment, the last word to y you. >> absolutely, i personally almost never go shopping anymore except for the research, i order everything online and you get everything online including groceries which consumers were most reluctant to do but now that is surgery many see walmart with the walmart+ program trying to make sure that they keep control over the course, everything is shifting online. stuart: do you remember the days not that long ago when everybody was not buying clothing online, you would never buy a pair shoes

online, why the earth would you do that, now everybody does including me on occasion. >> you saw amazon announcing luxury goods because finally they cracked, they would've dreaded the idea selling on amazon but you have to go the customers and over the half of the searches online for e-commerce starting and on e-commerce so you better be there or your invisible. stuart: thank you very much, we will see you again soon, we have the stock price of fedex, up 7%, lauren i guess they had a pretty good earnings report. lauren: that would be so, that would be a record for the stock as well. was it the holiday quarter and fedex reported sales in the quarter of $19.3 billion, they delivered 31% were ground packages every single day, mostly to our homes, fedex expects his unprecedented demand to continue in their predicting that every shipper will handle a total of 1 million packages every day by the year 2023, what

that does is it pushes forward the future by three years because the pandemic has done that and brought the future now, seven and half% gain and the stock will open at a record high. stuart: 100 million packages shipped every day by every major shipper by 2023. amazing, check the market again, were about to open in five minutes time, we will be up, pretty much across-the-board, not a huge rally by any means but i am seeing green, back in a moment. ♪ i had saved up some money and then found the home of my dreams. but my home of my dreams needed some work sofi was the first lender that even offered a personal loan.

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stuart: this is breaking, the government plans to begin distribution of a vaccine within one day of getting regulatory authorization, and other words they will jump on it real fast once it got it, that's according to health and human services, the vaccine makers on your screen right now. how about nuance, and yo this ia technology company that helps doctors become more efficient, mark thapar is with us and this

is the start that he really likes, mark i know you don't own it so you're not pumping at your own book, what is so good about nuance. >> nuance is not a company that i own, it's on our watch list, we would buy on a pullback in the rolling out the new a.i. program that follows doctors around the office documenting all of their patient appointments, that will free up around 25% of their time and at the time that they likely within their profession and all that means they could see more patients. the estimate, you will see a revenue up list of somewhere between 10,500,000 per doctor puryear and nuance already has 600,000 docs using the old program dragon and that's a low hanging fruit, every 1500 that equates to 1% growth year over year, i think it's the opportunity is tremendous. stuart: has a brilliant chart. we got on the screen and is gone straight up, not bad at all,

stay there will get back to you shortly, were about to open this market, literally as they always say at seven or eight seconds you will hear the bell ringing, that means the market is about to open, remember please, we have a fed decision on interest rates coming up this afternoon, what is expected is ongoing rate near 0 for years to come, if there's any change in that market will be affected but right now we opened and we open a little bit higher, 70 points up for they're down and half the dow 30 are in the green, this is not a huge rally by any means were up by 80 points as of right now, the s&p 500, where is that, it's up one third of 1%, at least it is off, the nasdaq composite, that is up about one third of 1%, no fireworks is morning, just modest gains across-the-board, have a look at apple, the rolling out the new product lines and a subscription service coming up this winter at the moment we've got it down

nine sent, dad flat on apple despite all the news, peloton apples threat and exercise business hurting them, they are down 1%, retailers, august retail sales came out, they were up pretty good, up 2.6% year on year, not disappointing at all, retailers mostly higher, big tech, you gotta check, the only loser there is facebook which is facing a possible antitrust investigation, that's where they're down three box, all the others. today winning streak starting right now, if the market balances, does it continue, where is it going overall. >> i think it does continue, when you look at the market right now despite the recent pullback, it looks very healthy, stocks were way overextended,

they needed a breather, particularly tech stocks, those are really frothy, a lot of 30, 50, 100% but when you look under the surface of the market internal, if the latest pullback was a correction to be worried about uac tech selling off and offensive consumer staples rallying but you are not seeing that, you're actually seeing sick locals rally, that to us indicates that the pullback was really profit taking on unbelievable runs in the tech sector but the underlying fundamentals of the market are good so it continues to go higher. stuart: i would imagine a lot of clients come and say we have the election, why do when i lightened up there and lighten up there and get out of the market for a while, i bet a lot of people say that. >> there is certainly a lot of people who are concerned about the election, what we have been telling our clients when you go back in history 80% of the time

the performance of the s&p 500 and the 90 days leading up to the election has accurately predicted the next president, if the market is up, the incumbent party stays in office and if the roomarket is done you have a ree change, sit tight let's see how things look, may become the end of october that's when we have to start analyzing where the market is not in who the next president might be. stuart: regime change, this is the united states of america, let me remind you, i want to deal with nicolette the electric car company, what is this about the justice department investigation. susan: this is after shortselling report claiming fraud in nikola misleading comments and the founder trevor milton who has been on the program and the demonstration of the truck who did not work, the justice department looking into the company misrepresenting how advanced is technology really is, niclas said this is market manipulation by the short seller hindu big researcher came out with this because are trying to profit from the fact it is

fallen 20% since they released these finding and they call it a hit job, general motors signed a $2.5 billion and that shot up 50% once a session last week and and they are going to bring the badger to 2022 but they really have to get past this and will see how this all plays out, niclas is a will vigorously defend themselves. stuart: one easy operator under the moment, the rest are doing pretty well. boeing investigators have reviewed the 737 max jet crash crashes, i don't think there's a nice things, what you got on this. ashley: it's not pretty, the investigation by house transportation found that federal regulators certified the 737 max safe to fly even though they say boeing and the faa did not fully understand how it was

designed, the chief project engineer said he approved a critical design change to the software even though he was unaware of tv sales and exactly how it worked, all for the test pilot that is warned the system malfunction they would be catastrophic and unfortunately that pilot was right in octobe october 2018 and the mcas software on the max jet forced their nose down in the way the pilots could not overcome, the house investigators concluded the two crashes were combination with a series of faulty technical assumptions by boeing engineers, lack of transparency on the boeing management and grossly they say insufficient oversight by the faa, the report also says that boeing employees were pressured to get the new planes to their customers and even had countdown clocks on the wall of a conference room, the max remains grounded but is it is expected to be cleared to fly

again in the coming months at a complete overhaul of the mcas software. stuart: what a story of a great american company, boeing has lost 1000 orders for the max jet since his crisis began, 1000 orders canceled, gone. at&t considering putting ads in phone plans, why are they doing that, any idea? lauren: to save customers money, at&t ceo that they want to save you $120 a year if you agree to get advertisements on your cell phone i don't know what this would look like or be an ad on the lock screen or browsing the web or god for bid during a phone call and this is expected to come out a year or two and would save customers as much as $10 a month off their monthly plan, at&t is not considering

this for phones, also considering a cheaper advertisement supported version of hbo max as well, i don't want ads on my phones, you can have your $120 a year. >> i got that, thank you very much. lauren: i know you like to save money. stuart: i will deal with that shortly, kodak altered awaiting news, it was up 71% before the halt, we want to hear that news, i want to bring you this as well, were waiting for the snowflake of ipo today because suppose prices is $120 a share, that would raise $33 billion, that is a lot of money. lauren: that is the evaluation. stuart: i'm sorry you are right, the cloud data company, one of the most biggest sought after ipos so far this year, snowflake will give you the first when it happens, i'm going to update a breaking story for you earlier, we can confirm that the big ten

will begin its season the weekend of october 24, each team will have an eight game schedule, big ten is coming back, hurricane sally making landfall on the gulf coast, category 2, the power of the storm is now over focusing into massive flooding and storm surges, we have a live report from the ground coming up, wildfire in the west coast, my next guest is the president and ceo which makes the special thermal cameras that can identify a hotspot and save residents, will show you how it works. nfl hall of fame coach has had enough of the league's protest, listen to this. >> go to another country and play football there, you don't have to come out if you go to another country, the game is played in this country and if

you can't respect this country, get the hell out of it. stuart: that is strong stuff but take a look at the devastating numbers from the ratings for monday night's game, that is a tough pill to swallow for the nfl, a downside move in the ratings. more "varney" after this. ♪ diane retired and opened that pottery studio. how did you come up with all these backstories? i got help from a pro. my financial professional explained to me all the ways nationwide can help protect financial futures in peytonville. nationwide can help the greens get lifetime income because their son kyle is moving back home and could help set up a financial plan for mrs. garcia. and he explained how nationwide can help mr. paisley

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maybe it could mean as much to you... call now and get your free infokit stuart: hurricane sally made landfall in alabama this morning a category 2 storm, grady trimble is in mobile, this is more than flooding in rainfall isn't it. >> i cannot hear your question, were getting a break from the rain and mobile for the time being but the wind has been relentless for hours, let me tell you what were seen, this is the mobile river which floods

upstream and we've been talking about the storm surge for several days, what we are seeing is the opposite of that, the wind is blowing because of how the storm made landfall, the water in the bay is being pushed away from the land but just about 30 or 40 miles away from here in gulf shores alabama pensacola florida, that is not the case, there is the third record highest storm surge and pensacola, there is also a massive storm surge and alabama shores, the goal shores as well, there are issues there with the street flooding and then on top of that the storm has brought 2 feet of rain in some areas so you will see river flooding, you will see flash flooding in streets and neighborhoods because of that, make no mistake in mobile, the winds have been strong and high like this for several hours, there als several downstream powerlines, half a million people in the south without power, 130,000 of those are right here in mobile, it certainly has packed a punch

here but there are many areas that are much worse. stuart: you need some support, i don't think you can hear me but you really do need some support hang onto that piece of iron. grady trimble. from the gulf coast to the west coast, the fire still raging in california, oregon and washington, they have clear systems that make the cameras that are being used by first responders in california, with these cameras you can see through the smoke, you can identify hotspots and find survivors, the president and ceo is james cannon and he joins us now, let me get this right, you produce these cameras, thermal imaging cameras, what do you see with them, can you see through the smoke? >> absolutely, let me first say our company was founded in oregon the largest operation with hundreds of employees and this is very personal, if the

technology can see through darkness and smoke and fog and see in the spectrum, you can identify individuals trapped behind smoke behind a burning building or find hotspots that could be potential threats to direct resources. stuart: you can actually see individuals, what is thermal energy based on, the heat coming off individuals, is how it works? >> that is right we see things beyond visible light in the upper red spectrum. anything that radiates heat we can see, these could be handheld devices used by firefighters when they make entry into a building to find individuals that could be trapped or they can be mounted to aircraft and drones to map the fire lines moving through forest through the smoke to help direct firefighters to where they can make the most impact. stuart: are your flir cameras in

use on the west coast? >> they absolutely are, we are using our test aircraft to help the organ for street apartment and county officials where operations are, to map it identify places to deploy resources. stuart: apart from use in fires in this emergency situation, can ordinary individuals by a flir camera and use it for other purposes? >> you absolutely can, if you used a home inspector, most likely they have used a flir product to find moisture in your home or leaks or losses of efficiency for your hvac and if you done something as basic as test efficiency of windows all the way to military operations, there's a wide range of applications for use. stuart: last question what your

cheapest camera. >> about $500 you can get a handheld camera indeed that some firefighters are using these pocket-size cameras to see through smoke to see lives and livelihood every day. stuart: thank you for being on the show, that was really interesting. next case, snowflake going public today, this is a cloud start up held as a new unicorn, what is this all about lauren. lauren: their unprofitable but they will be the biggest software issue of the year end in a year that has most ipos since 2000, this is the latest on snowflake as we await the first trade, price 28 million shares at $120 million each, that gives a market cap of $33 billion, that's not bad for an 8-year-old company and they got major investments by warren buffett as well as salesforce and you have investors that are

so hungry for growth in a low rate environment and also their enthusiastic about tech in general and the new economy. snowflake will begin trading in s now is the ticker on the new york stock exchange and you couldn't expect a tremendous first day pop for many ipos this year but the critics say if it's at 120, the pricing if you do not get in early and it's up 200% on day one, like we've seen many times this year and might be out of reach for a lot of people. stuart: let me turn to susan for the second it'd occurs this is an ideal for robin hood crowd, day traders want to get in fast. lauren: also warren buffett got it out have a billion dollars worth and he is the one to sign on the dotted line saying i want to buy into the technology play but it's a good judge about how the it airbnb will perform later on this year. stuart: a lot of small investors jumping into that.

pennsylvania judge throwing the book at suspected rioters set their bail at $1 million a piece comes after the police shooting of a knife will demand in lancaster pennsylvania. elsewhere groundbreaking the media seems to have a different opinion. >> of course there was no conflict or war between these countries, it's a big agreement, cannot avert the fact there was not major headline of a coronavirus lockdown with record-breaking numbers. >> it seems so transactional as if pulling out of the iran deal got the gulf states on board. stuart: how do you take this really, the media cannot hold back their disdain for the president, can they. more on that coming up next hour. ♪

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stuart: our next guest says big tech stocks are still overvalued, hillary cramer is back the president of cramer research, still overvalued despite the selloff leasing.

>> those stocks have been the center focus for everyone who has not been worried about the coronavirus of the pandemic, but as we evolve and emerge this stock or oil changes, general mills, those stocks will start to rise because they are willing to take a chance, we've heard mentality to alphabet and amazon, facebook, apple especially in when you talk about apple i have to say i know there's a whole spiel of new products coming out and this may anticipate sales but that's not enough to satisfy the evaluation and the big tech companies. stuart: hillary we invited you on the show to tell us about not getting into big tech and you

did what you said you're going to do. we appreciate that. come back soon, we will give you more time. we are just 48 days to the election and were a major historic middle east peace deal is signed in the media almost completely ignores it, how do you explain that, i will try to, still ahead on varney, the story, martha maccallum, trump 2020 senior advisor steve cortes, bret baier, all coming up. ♪ 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 now your co-pilot..

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♪. stuart: it is precisely 10:00 eastern. look at the markets. we're up across the board. not much but we're up. a lot of people waiting we're all waiting for the fed decision on interest rates this afternoon. i will repeat this news, the government plans to begin distribution of a vaccine within one day of getting regulatory authorization. that is according to health and human services that means when we get it, you will get it pronto, so they say. update a breaking story we brought you earlier. we can confirm that the big 10 will begin its season the weekend of october 24th. each team will have an eight-game schedule. that's it. super agent leigh steinberg will be on this show at 11 this

morning. we have the read on homebuilders sentiment. ash, the number please. ashley: this is more like it, build the confidence in the market for newly-built single family homes went up five points. it hit all-time high of 83 this month. previous high reading was 78. that is a 35-year high. that is how long the index has been around just set last month. demand is certainly there but there are concerns about rising costs and delays for building materials, especially lumber. if only we owned a tree farm. anyway, builders say more domestic lumber is needed. or some kind of tariff relief to avoid the slowdown in the coming months. overall, good numbers, stu. stuart: ashley, every time i go to my tree farm i do have in upstate new york, you see truck, after truck, after truck with major league logs they just cut. logging business is full steam

ahead. thanks, ash. by the way i want to bring in economist john lonski. that seems to be very good news for the housing market a huge reading on homebuilder confidence. how do you read it? >> wow. is that reading of 83 is a record high. i mean that confirms that housing is growing at a very rapid pace. i mean, my goodness we had homebuyer mortgage applications over the past seven weeks rising by 25% annually on average. new home sales up 35% from a year ago. this isn't just good news for housing. it is good news for the many industries that benefit from a jump in home sales. as a result, it is very good news for the u.s. economy. stuart: let me just tell our audience we've got jerry howard from the homebuilders association on this show coming up in the 11:00 hour. he will respond to that number.

john, stay with us please. i want to talk to you about retail sales, up .6% in august compared to july but up 2.6% compared to august of last year. how do you read those retail sales numbers? >> what i like about retail sales is that retail sales continue to set new record highs. unlike many other economic indicators, retail sales have already formed and fully recovered from the covid-19 recession. that's good news. and i believe that retail sales will continue to grow at a relatively brisk pace. .6 per month is 6 or 7% annualized that is a good number. we're getting reads on wage and growth salary income. when we looked at the august employment report, wage and

sally income is growing by 1.5% for the month. that is on the high side. that is higher personal savings rate, 15, 20%. stuart, americans are not big-time savers. they're big-time spenders. eventually that saving rate will come down to underlying average of 7%. when that happens, consumer spending recedes, additional lift. stuart: looks like economy on the soundtrack of recovery. john lonski, thanks for joining us. see you soon. >> thank you. stuart: the dow is up 110 points. now this. we covered it. the rest of media hardly touched it. gee, i wonder why. i'm talking about the break-through peace deals signed at the white house tuesday called the abraham accords. we watched the leaders of united arab emirates, bahrain and israel sign on the dotted line, witnessed by president trump.

say no more. if trump is looking good the media will ignore it. so they did. the "nbc nightly news" gave it one minute and 15 seconds. the others weren't much better. i call that pathetic. what the president pulled off is a break-through. the first aagreement israel made with a arab state since 1994. it is not done. future agreements are likely with morocco, oman, even saudi arabia. there is was benjamin netanyahu, abdullah bin sallied and president trump sitting together. their national flags flying together. a diplomatic triumph. no wonder the media ignored it. the "abraham accords" are direct opposite of obama-biden failed deal with iran. the accords clearly break the boycott of israel. peace has been advanced, without

blood in the sand. trump the peacemaker. you can't put that on the front page if you're desperate for biden to win it. never ends. they just mate i am. 48 days to the election. when a mid-east peace dale is downplayed you know the left is worried. that is my take, ladies and gentlemen. boris epstein is with us. trump 2020 strategic advisor. welcome back to the show. by the way. >> thank you, stuart. great to be with you, my friend. stuart: i can't believe that the media totally, they didn't totally ignore it, downplayed it. they barely mentioned it. i know why. they want biden to win and trump the peacemaker makes biden look bad. go ahead, i'm telling your story for you. >> no doubt about it. stuart, grape to be back with you. you are absolutely right. if you look what the media is doing, not only are they ignoring the historic accomplishments of president trump, jared kushner, you have a

very berkowitz, our ambassador to israel, david friedman, achieving the "abraham accords." between 1994 peace teal between israel and jordan and peace deal between israel and u.a.e. was 26 years. between israel and bahrain, 29 days. not only media ignoring historic achievements, they're ignoring antisemitic tendencies of today's left. joe biden met with jacob blake senior in wisconsin. jacob blake, sr. is open clear, anti-semite. linda sarsour speaking at the democratic convention. hear anything about that in the dem media? absolutely not. communications on for joe biden but nevertheless american people see through that. even among jewish-americans, something i'm focused on as you know, president trump is doing

better today than 2016. joe biden is trailing where hillary clinton was. biden only got 67% in recent vote of jewish americans. that is still too high. i think it is about 50/50. your campaign unveiled this new jewish voices for trump. it is a coalition. >> that's right. stuart: who is part of the coalition? >> well i'm actually honored to be a co-chair of the advisory board for the coalition. dr. sheldon adelson is co-chair. julie straus levine is a co-chair. wayne pearlman, other leaders in the jewish community, speaking up, making it absolutely clear, president trump is the champion of the jewish people and the best friend to the state of israel we ever had as president of the united states. yes, i absolutely mean that. if you look everything this president has done from moving the u.s. embassy to jerusalem. recognizing the jerusalem as the capital of israel. ripping up those horrible, horrible, that horrible iran deal, this president has stood

with israel, with the jewish people, fighting anti-semitism around the world. stuart: what do you think of michael bloomberg putting 100 million bucks to help biden win in florida. what do you say about that. >> who, michael bloomberg. how did the billion dollars work out in the primaries. bloomberg is a joke. he should just go away. he got absolutely annihilated in the primaries. you could barely see him above the lecturn he is so pathetic. president trump will wayne florida, ohio, pennsylvania, michigan, wisconsin, arizona, north carolina, so much more. we'll win on november third because he is who america needs to lead us the next four years, not sleepy, sad, joe biden. stuart: i think you got your points, boris, forcefully stated. see you soon. >> thanks, stuart. stuart: let's talk about snowflake which is a data

company. they are going public today. i don't think we got a first trade yet, have we lauren? lauren: lauren: no, i haven't seen one but this is a big deal because it is the biggest software ipo ever. this has been a big year for ipos. that raises questions, is that enthusiasm or also raising a red flag for the market? as we discussed earlier snowflake is cloud data processing company. it is eight years old. it has major investments are warren buffett. warren buffett usually shuns these kind of things. it has big investors, big back being but it doesn't make any money. it is a uncorn. we see companies like this have revenue, despite profits do well in 2020. they're new economy time stocks. that is why this one is getting all the buzz. stuart: i'm dying to see the first price. where it ends the day. lauren: lauren: i can tell you, i can tell you this, if you look at some of the ipos this year,

first day pops, a company called encino, think online banking, it rose 195% on its first day of trading. then you look at another company called big commerce. they help e-commerce companies maintain their websites. it rose 201% on its first day of trading. i can list about five other names that have similar gains. so we are going to see it really rise. the initial, they wanted to price shares originally 75, 85. stuart, they priced them at $120. say that doubles, even triples, becomes expensive. retail traders will love it. stuart: let's way and see, folks, let's wait and see. we haven't got a first trade yet or a last trade of the day. thanks, lauren. nfl hall of fame coach mike ditka laid it on thick about the nfl players who protest. listen to this. >> i would tell the players, go to another country and play

football there. if you can't respect this country, get the hell out of it. stuart: that message comes right after the league reports much, much lower ratings, tv ratings compared to last year. politics on the field? is that to blame? i will certainly ask leigh steinberg. he is on the show next hour. joe biden called his campaign, harpries-biden ticket. did it again. is he forgetting he is the running mate for the president? who is the, i'm getting mixed up myself. who is really calling the shots? second hour of "varney & company" is just getting started. ♪

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♪. stuart: yeah, that's correct. on your screens, 48 days to the election, that is all it is and the president is focusing on his foreign policy wins as we head to november. landmark peace accord signed tuesday between israel, bahrain and the united arab emirates and under a lot of people's radar, remember he fostered a new peace highway project between serbia and kosovo. that is not all. here are some of the president's other major foreign policy wins. on your screens right now. there is lots of them. kiron skinner, back with us, fox news contributor. good to see you back. >> thank you. stuart: now all those trump foreign policy -- i call them successes, i haven't heard a word about foreign policy from joe biden. have you? >> i haven't heard very much and in fact when he has said something he actually endorsed what the president has done and in terms of the middle east, in terms of kosovo and serbia.

these are huge successes for the president but more importantly they're huge wins for the world. they bring to an end conflicts that were intractable according to foreign policy elites and transnational actors just a few months ago. kosovo, serbia is getting almost no attention but to have an economic deal that will lead to a peace agreement in a year or so is something we thought would never happen given the bloodshed and acrimony between the two sides. my colleague at carnegie mellon university, ambassador ric grenell, has been essential making it happen. no one is talking about it. at the same time i'm reading responses to yesterday's big, historic win of having two gulf states recognize israel and many are saying it was going to

happen anyway. there has been covert activities between these countries and israel for years but no president figured out how to broker a deal. president trump did. stuart: i want to remind everybody, because i distinctly remember, the mainstream media absolutely trashing president trump over his decision to move the embassy in israel to jerusalem. i remember them saying, peace isn't possible after moving the embassy. just watch this for a second. roll it. >> policy, unilateral decision will basically wreck the middle east. >> what he has done thrown a diplomatic bomb into the middle east peace process. >> despite warnings this could kill hopes for middle east peace. >> next time u.s. wants cooperation from middle east governments this won't help. >> this is ill timed, peace process was dead, comatose long before mr. trump decided toe way

in on the jerusalem matter, this will make "mission: impossible" seems to me all that more impossible. stuart: gee, how wrong can you be? you were at the watch house, you watched the peace deal signed. what was it like. >> it was extremely moving and it was actually hard to believe. i had to pinch myself i would be at the white house watching israel come to terms with two of its gulf neighbors, knowing that many others are enroute and knowing that the middle east has been reordered around peace and prosperity and security. also, iran has been encircled by those who don't want terrorism in iranian proxies in their countries or in the region. i was also struck as i sat there by the fact that those countries that iran supports in the region, for example, yemen, lebanon, syria, are in stark

contrast to the countries that are coming to terms with rail as a permanent actor in the region. the alternatives are very clear. many countries will decide on peace, security, growing their economy versus continual terrorism foe meanted by the iranian regime. stuart: right again, thank you, kiron skinner. >> thank you. stuart: we're up 134 points for the dow industrials, this is as the banner says there, ahead of the fed decision on interest rates that come this afternoon. i will show you uber and lyft. both announced plans to give a discount on all rides going to polling station on election day. 50% off for lyft. we don't know how much uber will cut the price by, but they say a discount is coming. they will let us know. both stocks up. look at uber moving nicely these

days. susan: 12% over the last three sessions. inching close to the ipo price of $45. stuart: 38 bucks for uber. susan, tiktok under investigation by the government, et cetera, et cetera oracle, oracle will still get it, right? susan: reports say approval is imminent. maybe the end of this week, ahead of the september 20th deadline. don't forget politics plays into this. you keep saying 48 days to the election, do you think the administration wants to block a deal of this size, 48 days before the vote, especially on popular social media platform like tiktok which has a large conservative user base as well. i think there are politics plays into this. also within the administration. stuart: so the deal would keep tiktok operating in the united states. susan: right. stuart: under american authority. susan: correct. stuart: with 25,000 jobs moving

to america? susan: that's right. the headquarters will be based here. that is maybe the cut mt. was looking for. we want a part of this deal, make it possible. 25,000 jobs, money flows to the coffers of treasury and government with taxes of course. you also have more spending in the economy, what we call multiplier effect. we talk about politics within the administration itself, you have china hard-liners like navarros of this world and pompeos. do you think steve mnuchin and the rest can win over this argument? if some one can do it will be oracle with larry ellison with their ties and donations to the trump administration. stuart: politically looks more likely larry ellison gets it. susan: yes. stuart: politically looks more like it. susan: ticktock would win, for sure. let's move to amazon. lauren, this is a great story. they will create smaller delivery warehouses in the suburbs?

tell me more? lauren: in some cities too. it is all about i want it now. so bloomberg is reporting that amazon will open at least 1000 -- small delivery hubs if you will. they will do so across the country. the goal is eventually customers can buy online from amazon and receive their order in the same amount of time it takes to physically run to the store. it is pretty unbelievable. so this, i'm calling this an investment in proximity. it helps them compete with walmart specifically. walmart has the new membership program. they have a large physical store presence. i was thinking about what jerry store much said in the past hour. we have two two to three times e real estate we need. if amazon has the delivery hubs, i feel terrible for the stores. are you going to go? stuart: look at that banner, 1000 small delivery hubs. they will build them, staff them, operate them. i think amazon is close to having a million employees

worldwide. susan: first virtual job fair where they're looking to hire 33,000 out of 100,000 new jobs. stuart: the stock is down a little. 3100. big 10 football conference well start its football season in late october. that is over a month later than the other teams. super giant leigh steinberg, super agent i should say is on the show next hour. biden ventures out once again. another gaffe. what does martha maccallum make of his teleprompter performance? i will certainly ask her. she is on the show. ♪. introducing stocks by the slice from fidelity.

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the damage here. people in this community are as well. you can see this park just strewn with debris as parts of these oak trees fallen into the middle of the road. the businesses downtown here have been hit pretty bad. this facade of this restaurant here, you can see the glass smashed all over the place. obviously there is debris flying all over this area as the storm made landfall late last night and into the morning. and perhaps the worst that we've seen so far, downtown is this. these gates, clearly where they're not meant to be. this awning came down from this building here. this is a court reporting business here in downtown mobile. eddie is one much the owners. man, you're cleaning up big mess this morning. >> it surprised us a little bit. we didn't expect it would be quite as strong as it was when it came in. it ripped our awnings off, broke our windows. reporter: fortunately the inside is largely unaffected.

we wish you the best as you keen up there. stuart, if you can believe it the damage is much worse in other communities like gulf shore, alabama, and pensacola, they dealt with flooding on top of winds and the rain. stu? stuart: thank you very much, grady, indeed. quick note to you, snowflake indicated to open 155 to 160. remember their offering price is 120. they're looking pretty good when they open. don't have a firm price y yet. we have the numbers on oil in storage or used. what have we got, ashley? ashley: very interesting stu, i'm checking numbers when they're off this much you kind of wonder. we had drawdown of 4.3, almost 4.4 million barrels. we were expecting a build of 1.27 million barrels. it's a big miss. it is interesting, it is very hard to gauge the economic recovery when you look at oil. we know we have a lot of it.

now apparently we have in this past week a lot more use of it. does that speak to the bigger economy? maybe. certainly a surprise but a draw-down, less, 4.3, 4.4 million barrels. stuart: we need an oil expert other than ashley webster but thank you very much, ashley. oil at 39 bucks a barrel. ashley: you're welcome. stuart: up 33 cents as we speak. look who is here, the oil expert himself, daniel year begin, author of the new book, "the new map, energy, climate and clark of nations." daniel is with me now. always good to see you, sir. >> thank you. stuart: you're saying america's energy dominance, are you saying, this is what i'm saying, america's energy dominance has really changed the whole world energy map. we have leverage and the saudis and russians don't so much. >> the game has changed. it made me decide to call the

book the new map, i started to look at how map of trade flows is changing. the u.s. is the orlando's largest oil producer. it had a lot of impact, the oil markets now, with russians, saudis but the united states and stuart, you know, that segment you were just doing about the peace treaty between israel and the u.a.e. and bahrain, that is an example of the new map. it is partly happened because of the change in the u.s. position and as you're saying it is a much more historic event than people recognize. you know, because i was writing about how the new map of the middle east was changing. here is an example of a new map in front of our eyes. stuart: but is oil, globally, being phased out for any reason? is it being phased out? >> no. people are talking about it but the world, you know, we're going back. we were over 100 million barrels a day. we'll probably be about 92 million barrels a day of consumption later this year. we'll go back to it.

the world still runs own oil, oil will be a major part of the energy mix quite a long time. stuart: seems to me only a few years ago we were talking about peak oil. there wasn't much left. the price is over $100 a barrel and it was peak oil. that is completely changed. >> yes. stuart: it seems to me we have a whopping great big glut. >> i wouldn't say we have oversupply now because of this incredible covid crisis and the shutdown of the economy but if you look at the amount of money that is being cut from investment, you have to ask what will happen in couple years. the big change goes back what you were talking about, the disruptive technology came out of the united states, that i tell the story of how it actually happened. it is so big people don't recognize it, that is the shale revolution. stuart: is the shale -- we're talking fracking here, her son tall drilling. >> fracking, exactly. stuart: what happens if we ban it? >> if we ban it, it is very simple.

if you ban fracking it is an import more oil policy. i think, if they were able to ban it, our oil imports would go up very quickly. there are 280 million cars in the united states. most of them run on gasoline. that gasoline has to come from somewhere. comes from the united states, dollars stay in this country t comes somewhere else the dollars go somewhere else. ban fracking, import more oil. stuart: fascinating. daniel yergin, good luck with the new book. thanks for coming on today. we'll see you again soon. >> thank you. stuart: sure thing. we have a report on contactless payments. apparently this is becoming very popular, very important. susan, here we go again, contactless payments are you talking about you take your phone, you roll it over the cross of the reader, that is what you got. that is contactless payments? susan: you can imagine,

especially covid times. 40% up this year. people don't want to touch anything. 40%. they don't want to be near anybody. mastercard said 79% of users are using some form of contactless payment. yes, it does include your phone. you can use it with your credit card as well and apps. 82% view contactless cleaner way to pay. makes sense. 74% say they will continue to use contactless after the pandemic. this helps fintech companies. think ahead, where is the investing trend? mastercards of the world, visas, sofies, squares and paypals. this accelerated mobile banking trends, fintech. includes getting stu varney on board, not going up to the bank to line up for hours instead. stuart: i would go for the bank if i could, if they open the branches. susan: you have not changed? stuart: i will go back to the bank branch. like it. susan: i think it is easier to transfer money, do everything else on the phone. stuart: until the phone doesn't work and you make a mistake,

you're locked out. susan: forget the password. stuart: exactly. thank you very much. moving on. damage from the rioting over the death of george floyd now the most expensive in history. we'll tell how you much it all cost. a pennsylvania judge setting bail for a group of protesters. it is a very big number. we'll tell you that number in a moment. is it enough to deter future rioters? all right. there is a chill in the air this morning. it has been around for a couple weeks actually. that is times square, deserted on a chilly wednesday morning. was that your grandfather,

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♪. stuart: modest gains pretty much across the board except for the nasdaq which has now turned south. show me fedex. watch it go. revenues sales, deliveries all

up thanks to the online shopping boom. the stock up 6%. big gain for the stock. "fox business alert" t comes from the office of the mayor of new york city, bill de blasio. he announced he and his 495 staff members will be furloughed for one week, no pay. it starts october the 1st. the mayor will be part of that furlough. this move should yield roughly $860,000 worth of savings for new york city. got it. group of protesters accused of rioting in lancaster, pennsylvania over the police shooting of a mentally ill man, they each had their bail set at whopping, great big high number. ashley, how much was the bail? ashley: how about one million dollars each. district judge bruce roth setting that bail for nine of the defendants at a million bucks each. a total of 12 adults and one juvenile were charged for

allegedly rioting in lancaster, pennsylvania. the violence came as result of shooting death of carlos munoz, a mentally ill man charging a police officer wielding a knife. a mob afterward desended on the local police station, throwing bricks, rocks, glass bottles. police responded with tear gas a local justice group called that high bail amount absurd and politically motivated. they are calling on the mayor of lancaster and the governor of pennsylvania to step in. stu? stuart: we'll see how that works out. ashley, thank you. the rioting from the death of george floyd is expected to be the most expensive damage bill in history. edward lawrence is here to tell us how much is that damage? reporter: yeah, that damage, the estimates are putting it somewhere between 500 million and $900 million in minneapolis. we're talking about the insured losses this is what is covered by insurance. but those estimates are expected to go up as there is more that is coming through the pipeline for the insurance industry.

now the insurance institute, information institute is the one that compiled this data here. they say it could be the costliest. as you know the riots happened not just in minneapolis but across the country. if you look at the history here, in los angeles, in 1992 the riots cost $1.4 billion. that is in today's money. detroit, michigan, in today's money, in 1967, 322 million. in baltimore, maryland, 2015, this is today's money, 26 million. this institute estimating between 500 and 900 million this is just insured losses, not the total damage. that number is expected to be much higher. back to you. stuart: edward, what gets me is that the left will not call it a riot. so how do you get a billion dollars worth of damage from a peaceful protest? i never worked that one out. but i don't -- can you answer that? reporter: that is a good

question to house speaker nancy pelosi. stuart: good one. thank you very much, edward. coming up we have a market watcher who says there will be an upside to the market after the election no matter who wins. we'll hear his case. first though, what's up with joe biden referring to his own campaign as harris biden? it was another gaffe. kamala harris had one as well. same gaffe. you will hear it after this. hi, this is margaret your dell technologies advisor to listen, is to hear more than what's being said...

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♪. stuart: we got an indication on the opening price of snowflake around 181.85. remember the offering price is 120. we haven't got a first trade yet. haven't got a firm price yet. got indication. susan: a range, 180, to 185. stuart: i misread that. 180 to 15. still way above 120 offering price. okay, let's deal with joe biden and kamala harris. they both made the gaffe. watch this. >> harris-biden administration will relaunch that effort.

>> a harris administration together with joe biden as the president of the united states. stuart: she caught herself. martha -- martha maccallum. host of "the story" on fox news. i would imagine the biden campaign is worried about the basement strategy, permanent use of teleprompter and c, endless gaffs. they are worried, aren't they? >> they should be, stuart. look ahead to the eventual outcome of this election. i think if president tom were to lose it will be traysed back to covid, people's understanding how it was handled. if joe biden loses it will be traced back to the three things you mentioned, lack of campaigning, lack of interaction. we're living in a world where they announced big 10 football is coming back. people are going out and coming back to school.

the other big thing kamala harris is treating campaign differently. we see images of her getting off a plane, going different places, traveling around the country t raises the question why done safely with the mask, with social distancing why can't joe biden get out and about this country? you know the job of the presidency is a very demanding job. it requires a lot of travel. it requires a lot of meeting with people. so you know, the fact he is not demonstrating that, is what leads to this gaffe of people saying maybe it will be a harris-biden administration? even they themselves saying it. stuart: can you explain why joe biden doesn't get out more? i know he is venturing to wilmington, delaware today. >> if you look at his schedule, wilmington, delaware. wilmington, delaware. that is where he has been for the most part. he was in florida yesterday. a couple strange things about that. he was supposed to come out at 6:30. we understand things run late. 8:00 on my program ending, when

my program ending he still had not come out. we knew he was in the building around 6:30. that was the report, they were wheels down, they were there. it raises a lot of questions all the time. and i asked that question, you know if kamala harris, i understand that it is one of the strong tenets of their campaign they want to abide by all the rules which obviously is the opposite what we're seeing in the trump campaign, the rallies, all of that, but if that is what you want to do, why are there two separate sets of rules for joe biden and kamala harris? what is the answer to that question? and i think we, you know, i think we can guess at some of the answers. is covid sort of helping him from having to have too much exposure with lots of interviews and lots of talking, potential for the gaffs that raises, just historically looking at his reputation as a candidate, as a politician. a lot of those things were laughed off over the years. joe being joe. if that is what it is that is fine. people are not getting a chance to see him out there to judge

for themselves. they feel like they haven't really seen him. stuart: joe rogan, the podcast guy, he invited the president and joe biden to a four-hour debate. the president says, yeah, i'm all for it. >> he did. said it right away. stuart: immediately. i understand why. he is probably going to be very good at it. do you ever think that joe biden woe -- would do it? >> a lot of people would love to see that. we're all highly anticipating these debates. joe rogan, has still the number one podcast out there. it is freewheeling discussion. known for podcast interviews that go on for hours, don't shy away from any subject. i think it would be fascinating. i think the biden administration needs to answer why they're in, why they're out on that. stuart: all this use of the teleprompter and no going out. no answering questions, i mean that first debate is september the 29th which is less than two weeks away.

>> yeah. >> joe biden is not getting any practice when it comes to the politics of a debate. that is a negative for him actually. >> i also think, stuart, the bar is so low because of the lack of exposure voters had to joe biden, when he came out on the last night of the democratic national convention, we were there in the parking lot watching him speak because he made it through the whole thing and, you know, it was clean as we say in tv. there weren't any big problems, technical problems, anything, it was seen as a really successful speech. so the bar is low because of the lack of exposure. and he will, mark my words, at least one of these debates he will come out a winner. people will say, all the coverage will be that he, did well. that he acquitted himself well. he answered the questions. there was nothing major. that is where the bar is. voters have to look at that,

decide whether they think that shows the stamina and energy that it takes to be president of the united states. maybe he has it. maybe we're going to see that in those debates. it remains to be seen. stuart: real question, between november the third and christmas day, where do you expect to be? >> i expect to be here. i expect to be here. and i'm, you know, even christmas and, you know, the rest of january is a little bit, we're not nailing down a vacation plans anytime soon. stuart: don't say it. please don't say it. >> i know. stuart: i will be watching every single night. >> you will be watching from vacation. stuart: thanks, martha. >> thank you, stuart. good to see you. stuart: by the way bret baier is coming up later on the program. i'm going to ask him, who really does call the shots in the biden campaign? he is on the show about 11:40 this morning. the other big news of the day, big 10 football returns late in october. super agent leigh steinberg talks about that shortly.

we'll ask him about nfl tv viewership, much lower than last year. is this politics in sport? viewers don't like it? you will get my take on that coming up. 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 still going for my best. even though i live with a higher risk of stroke due to afib... ...not caused by a heart valve problem. so if there's a better treatment than warfarin,

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11:00 o'clock the dow is in the green and the s&p of the great and the nasdaq down 22, now this, we have an indication on snowflake, it's an ipo today, the indication price is 190 - 185, remember the offering price was 120. it is doing very well, this is not a firm price yet, we don't have a first trade yet, when we do you will get a really fast, check the vaccine maker, the governor plans to distribute or begin distribution of a vaccine within one day of regulatory authorization, they are moving fast or trying to, that's according to health and human services, now this. the tv ratings for the nfl season opener were down 12% from last year, the ratings for sunday night game were down 28%, monday night's game down 21%, the president waiting in this morning tweeting cratered, with

plenty of politics to go around without disrespecting a great american flag or anthem, i thought the nfl learned their lesson two years ago, the people will not put up with this again, just not worth it, hard to watch. so why the big drop in viewers, it may be that football has a lot of tv competition but it does phase under baseball, soccer, hockey, over your screen on the weekend, it may be that the habits have changed with sports shutdown months on end, we stop doing what we used to do, our entertainment taste has shifted. competition and changing habits, that may explain the readings drop, but surely we also have to consider your opinions at the social justice messages presented on tv during enough coverage, you cannot ignore the impact of politics and sports, you cannot ignore it, there's a lot of people who do not like it, they turn on the tv and they want to see their team play, not

team members demonstrating, not everybody feels like that. and not everybody objects the players exercising their free speech rights, but some apparently do. so now what, the network went to great links to focus entirely on the game. activism was not apparent once the football started, will the players be satisfied with that, will the nfl make any changes because viewers mean dollars and fewer viewers mean fewer dollars, politics and sports now inextricably linked, and the sports seems to be hurting. top agent leigh steinberg in the middle of this, he will join us 15 minutes from now. next case, new polls show joe biden beating president trump in several key states, on your screen now, florida where biden is up by five points. next when he is up by three points, biden over trump by

three points, that is north carolina and this one too, this shows biden with a ten-point lead in wisconsin, steve cortes is here, senior advisor for strategy for trump 2020 campaign. steve are all those polls dead wrong? >> i think they are, i'll tell you why, first of all and regards to polls i think it's more important to pay attention to trend rather than the outright number, for instance you mention florida you look at an average of polls, real clear politics does a good job at pulling average, their average was six weeks ago joe biden had a point lead, it's not a one point lead but in favor of joe biden but tighten dramatically, i think the trend in the momentum is moving our way. let me tell you this, i think it's a reasonable thesis, there's a lot of reluctance to tell complete strangers are voting for donald trump, it's very pervasive in our society and on many quarters social spheres workplaces, is unfortunately very unpopular and

perhaps even costly to say you are trump supported. let me give you data the backstop from your own organization pull from the fox news poll released on sunday, fox has been asking americans for many months who they thought would win the election and i think this is a really stealthy way of asking them who they are going to vote for because generally we think our team is going to win. earlier in the year before the china virus proved the fox news polling, big majority said that donald trump was going to win, 56 - 34% back in february with 10% undecided, during the summer and narrowed all the way into a tie 45% each thought biden and trump would win, and the pull the fox news just released its wide and back out to a nine percentage point lead for the president, 51% of americans say he will win and only 42% say joe biden will win, we cannot be certain but i think it's reasonable to surmise that that pull probably better represents reluctant trump voters and were actually doing better than the

polls in the public polls would indicate. stuart: that is fascinating, steve as a hispanic man, i want your reaction to what i call an extremely awkward moment at joe biden's florida rally, let me show you and the viewers. >> i just have one thing to say. hang on here. ♪ >> all tell you what if i had the talent of any one of these people i'd be elected for acclamation. stuart: steve, have at it. >> stuart, i say this with a hispanic. [speaking in foreign language] pandering, this is a level of pandering that was so cringe

worthy it was hard to watch, it reminded me a lot in terms of the substance of hillary clinton who tried this with her hot sauce in my purse, in terms of optics, remind me if i could go further back in political history and dukakis in a tank, i don't think it was kind of a moment, it was that cringe inducing, but look he knows he's in trouble, he and his campaign team know they're in trouble with hispanics, the same fox team news poll shows us on national level pulling 41% among hispanics, i think we're doing better than that but even 40% number makes the electoral map prohibitively difficult for joe biden, their team has woken up to that and that's why he decided to come above ground about his basement and flir engaged but when he does and we see this, this is why his team wants to hide him, when he goes in public he pulls out pandering stunts like this that are frankly pretty embarrassing and

it's gone quite viral, it's only going to reinforce our case, our outreach to hispanic voters that we treat them with respect and we want to earn their vote and policy. stuart: i think you look tired and distracted frankly. but that's my opinion. steve cortes come back soon. see you again later. can you show me boeing, put the stock on the screen, it is up a congressional inquiry found failures at boeing and the faa played instrumental roles into other 737 max jet crashes, the stock open lower and now it's moved up, blockbuster, they just announced their cutting 15000 commercial aerospace jobs, the stock is still up and that is cross cutting the stock goes up, facebook celebrities like kim kardashian and othe leonardo dio freezing the instagram accounts to pretest facebook failure to put a stop to hateful content in election misinformation.

facebook stock is down three dollars and they are facing a justice department investigation antitrust, that does not help them either. how about the markets overall, we still got again for the dow up 170, the s&p is up 12, the nasdaq indicated the tech stocks on the downside, david joins us, equity strategist at ubs. welcome back, i read your stuff, you know that. and you are saying there's going to be an upside move to the market after the election, no matter who wins, make that case. >> sure, hi stewart, i think going into the election, we're expecting markets to be up, the fact that washington into fiscal stimulus is the fact that election uncertainty is out there ahead of the vote in the fact that there really has been excessive speculation in the growth stocks, we think that's all going to lead to choppiness into the election but once we know the results of the

election, i think investors want certainty and once we have the result of the election we will get that certainty and there are differences between the political party obviously but whoever is in the white house in january will be focused on getting the economy back on its feet and defeated the pandemic. stuart: david, i am terribly sorry -- i don't see how you can say that the democrats will be focused on getting the economy back on track with gigantic tax uses in a renewed deal which will not do much good for the economy, i put it to you, excited when the democrats win back control of the senate and keep control of the house, there is no way on god's green earth that the stock market goes up, what am i missing? >> i think to the extent that biden team has put out plans in terms of infrastructure spending, focusing on healthcare expansion, things like that but i also think what were going to

see is more of the same in terms of aid to unemployed workers, aid to businesses, those kinds of things, aid to the state, the democrats want to do a lot of the things that the republicans want to do, they are just debating a lot about the size and the precise priorities. i think we should think more about targeted stimulus after the election rather than the grand plans that some of the folks in the campaign have been putting out. stuart: you made your point, argued your case, we look forward to seeing if you are right or not, david, thank you so much for joining us. we will see you again soon show me fedex. reporting record sales in the stock is up $13, 5.7%. give me the numbers lauren. lauren: is a record, revenue was a record for the quarter, $19.3 billion, that was the summer, that is not their busy season, the holidays are, they call this holiday season, they

expect that to be unprecedented, what we see during the pandemic is more customers order online, fedex delivering those packages, there is 1% more each and every day then at the same time last year, you know they benefit from lower gas prices. they successfully raise prices, the added surcharges, they are doing well, i am nervous about the holiday season, especially for procrastinators because i know that ups and fedex are working hard on this but will they be able to handle all of our gifts and ship everything in time and for ordering so late. stuart: they might get a black guy if not all packages arrive on time, but the point is there will be awful lot of packages shipped in pain fedex to ship them, that is why it is up so much. lauren: every day. stuart: snowflake an indication of the price, 200, $205 a share,

isn't that right, that's a indication that the opening price. susan: is a $3.5 billion ipo into matchup that bid with the buys and sells, it's very hard to do on day one. stuart: it implies very strong demand for those shares. susan: that the most 100% up. stuart: is 120 for the offering with indication now the cloud, just say those two words. homebuilder confidence sores, he reached an all-time high, singling that housing is leading the economic recovery, how long cannot last, we will get into it with the head of the homebuilders association coming up next. and joe biden makes his first trip to florida, the democrat nominee, i say his problems were on full display, you will hear about that and another might take, i got three in the three hours, special report bret baier with us shortly, the hall of fame coach mike dicker slams nfl

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stuart: breaking this morning the big ten will begin the season, october 24, each team will have in a game schedule, look who's here super agent lee steinberg, welcome back to the program, october 24, isn't that a bit late. >> it is very late but it is great news for football fans that the big ten will be back,

now we have to see what the pack 12 does, i would tell you that i think the football players are much safer on a college campus under 70 like nick being tested having regulations on them than millennial's who were hanging out at bars. stuart: they better get back on the field, they are losing a ton of money if they don't play, i think maybe finances are pushing this maybe? >> many college programs, the entire th sports program are supported by football. first of all there is a hunger for it and second of all revenue and gate as we start to reintegrate fans into the picture complete the economics. stuart: you know what is coming, i want to talk about politics and sports and i have a brief

soundbite from coach mark ditka was protesting, watches for a moment, roll it. >> i would tell those players go to another country and play football there and you don't have to come out. you don't have to come out if you go to another country, you can't because they played in this country and if you can't respect this country get the hell out of it. >> that is mike ditka and that comes as nfl tv ratings are absolutely plunging compared to last year, i put it to you lee, viewers don't like politics in sports, they are not watching what do you say. >> first of all the ratings were not down that much when you consider the way the people watch television today, the streaming numbers have another million people to it and many people get their sports fix watching that way. second of all, normally you

would have a situation where football would only be competing against the end of baseball, instead in southern california the laker game in the nba playoffs was on directly against thursday night football, we are two baseball teams, we had two hockey teams, we had the u.s. open, there has never been that much sports competitive with the games and lastly i think the players are well aware of the fact that there can be a dissonant reaction to what they did and they tried to be much more subtle about and disconnect the concept of the flag and patriotism from their protest. stuart: what do you tell your client to where football playe players, on the one hand you want to support their right to free speech, we all understand that, this is america but at the same time, i think you have to

admit the politics does hurt the sport to some degree, how would you advise your clients? >> there is no question that several years ago when colin kaepernick kneeling took place and they asked football fans why they were watching less games and they watch them and asked them why they were attending less games in the top reason was the flag protest, that is why this time the demonstration is much more subtle and much more woven into the game in a way that tried to break and sever that connection, these players are not protesting against the flag in the united states or serviceman, they are trying to make a point about racial justice and again, i think if you really looked at it, this was very, very subdued, although i tell the players that they have the right to express

themselves, i think it's always been a slippery slope when uses stadium to protest because next you might have a protest against abortion or some other issue and pretty soon fans from all the backgrounds get together for sports, it can menace it but you have a volunteer. stuart: leigh steinberg, thanks for always coming on the show, we appreciate it. i am still on sports, a major-league baseball story, they will hold postseason games and bubbles like the mba, the players will be allowed to leave their hotels unless in traveling to the ballparks and they're trying to prevent any outbreaks, it's a bubble coming to baseball, nba player jason tatum reuniting with his son after spending two months with his son in the basketball bubble. watch it.

stuart: that is going viral as they say, the world of sports, actually it could be coming to shopping malls, how about that, christina parts and all o live,l about sports. >> all around the globe that could be because of e sports, they are driving so much in the virtual world that he sports teams, amateur teams as well as videogame companies are looking for retail venues to create the bible where people can meet and compete in person and it's a next generation of industry and we know now according to status, in sports world, 2020 there was half a billion viewers into the united states have roughly 12 million just there and if you're wondering e sports compete video gaming either

online or in person, as we see retail shops in department stores start to close and go bankrupt or because of the online strategy, e sports could fill that void, allied e sports and entertainment has a eastport tub in las vegas and the ceo told fox business are looking to expand in the real world. >> it's a surge coming and especially in the idea of the mall properties, transferring from traditional retail locations to the combination of retail and destination, we bring the gaming experience to these properties. >> that company is losin lookino extend to three other locations. you also have other eastport companies that want to create the gaming center so people can compete in person on really high-tech computers, better internet connectivity and they can avoid cheating, there is one

company called simplicity e sports that has 40 locations across the country, even sports betting apps draft king said e sport help them out throughout the pandemic because people were betting on the app in the ceo excesexpects the market to conte to grow, no surprise that e sport can fill up stadiums, has millions of viewers across the world, we're talking millions and this is showing to be quite the market opportunity, investors are taking notice. >> that is a real good story i'm in the wrong demographics. there you go, christina thank you very much. >> no you're not. stuart: yes i am. thank you christina, hurricane sally on your screen made landfall this morning, category category2 storm, potential masse flooding because of extraordinary slow-moving storm of the white area dumping a ton of rain, we have reports on the ground coming up, homebuilder confidence soared for all time

high, maybe people are flocking to the suburbs and rural areas, where are they building, to meet this demand, jerry howard coming up shortly. ♪ so you're a small business,

or a big one. you were thriving, but then... oh.

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stuart: as you look at the market the indication on snowflake is 225 - 230, that is not the firm opening price that's an indication and if it's close to being accurate it's a must double the offering price of 120, 225 - 230, snowflake, homebuilder confidence, the headline of the morning, is soared to an all-time high, that reading, 83 is actually meaningful, it's an all-time high, jerry howard is with us is ceo of the national association of homebuilders, what does that mean, homebuilder confidence source to an all-time high, translate that to reality? >> it means the builders all around the country in every region of the country are seeing increased traffic, mortgage rates are low, everything is looking good, the only potential cloud in the horizon is lumber prices, things are going really well and demand is incredibly

high levels. stuart: i saw lumber prices are up, 170% since mid april, is that a real big problem for you, i imagine that's a big problem for you guys. >> it will be, right now the exuberance is there, were still able to put houses on the ground, and for going to continue to leave the economy back to full-blown production, we need to get lumber prices down and we encourage our friends in the timber industry to increase their production so we can keep ours going. >> i'm doing my best but i produced hardwood timber which i don't think makes much difference in homebuilding. >> we are softwood. stuart: do what you like with soft wood but don't mess around my hardwood stuff. [laughter] okay, thank you. one quick question, where are you building, we hear a lot

about the expert is from the cities, are you building more in rural areas of the outer suburbs these days? >> yes, no question about that people are moving to the suburbs, the quality of life in fear and quarantines and if you backyard and more space speaks for itself and the quality of life in everyday living when you have a suburban atmosphere, it is safe, a family environment, people are flocking to the suburbs, what is really interesting, builders are telling me that they're getting calls from customers in other parts of the country. the people from new york city say they are calling to northern new england and calling out into western pennsylvania, people are realizing that you can work from a distance and you can live wherever it is that makes you happy and that's a really, really good story for the homebuilding industry. stuart: apart from lumber prices going up so much what is the big problem that you face, what big negative do you see on the horizon if any.

>> lumber prices is 900-pound gorilla in the room, but were also potentially going to have labor problems again, that could be a silverlining, a lot of people who have been put out of work in restaurants that may or may not come back realized the construction industry is a very consistent career, you can get into the construction trades and have a job all the time so labor could be an issue but were really helpful we will not only help the country get back to work but help individual americans get back to work. stuart: thanks as always for joining us, spectacular news and we will take it. thank you, sir, appreciate it. next pellets on, apparently worried about apple stepping on its territory, what is going on with these two company's? lauren: pellets on his seen competition from the big one apple but also it started up,

let's handle apple first, they are launching the 10-dollar a month fitness app so you can work out at home with your apple watch, that is direct aim at public funds bread-and-butter, not only bikes and treadmills but a 40-dollar month subscription plan as well, not to the story, the california startup, they are writing this at home workout boom and they just landed 450 million in funding from kkr, giving them a $1 billion valuation but making things a little bit differently and i think people might like it, their bikes and classes that are 3d in a way and stimulate the outdoors, they offer personal trainers and they allow you to compete with other people riding in their living rooms, i think this gives it appeal to gamers, pros, recreational riders because it's more immersive but either way out home workouts pellets on has a lot of competition. stuart: that is fascinating the

video from swift, he actually right against other people who are writing in their living rooms. stuart: we always talk about tech but the workouts are technology too, it is not just hardware which is the bike where the treadmill, it's what you can do with it using technology, every company is a tech company. stuart: fascinating stuff, it's not just a bike any longer it's a tech vehicle. thank you lauren, amazon is preparing for surgeon shopping, then on a hiring spree, how many people do they need. susan: 100,000 jobs are up for grabs, that's a virtual job fair being held today the looking to hire 33000 positions, $150,000 starting salary saying the stock benefit, doesn't that sound good, 700 of these jobs will be in newark in 600 amazon headquarters and they can work anywhere virtual jobs, isn't that interesting, amazon looking for engineers, marketing, human resources and finance and with

operations for the fulfillment supply chain jobs and emma amazon record prophet march - june means they need a lot of people, they added 170,000 from march to april to fill the jobs in order to fulfill the online orders in their adding another 10000 in washington state and the 33000 in addition to the 100,000. stuart: it's all virtual, you apply virtually, in the old da days, they were gonna hire 100,000 people, you would have around the block and down the hill and over the valley and away you go. susan: they had that virtually, thousands of applications you can imagine. stuart: i wonder how they go through them if it's all virtually. susan: online, yes you interview them. stuart: a great new world i should get into it. how about mcdonald's a partnership causing the fast food chain to run out of

burgers, that's the story, due to how popular the travis scott meal has been. good for the stock, up a couple bucks up to 24. joe biden running for president, yes he is, but he's really in charge of his campaign, watch this. >> harris biden administration is going to relaunch that and keep pushing forward. >> harris administration with joe biden as a president of the united states. stuart: a harris biden ticket, a lot of confusion, fox news anchor bret baier weighs in next. ♪ all

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stuart: as you look at the market, listen to this, snowflake indicated an indication to 35 - 240, if

that's the case it's a doubling of the offering price of 120, will keep you up to speed when the first trait takes place, the rest of the market on the upside, all green, i have a fox business alert for you and a good one, we just heard from cdc director robert redfield, he is testifying on capitol hill virtually, he's giving us an updated timeline for the vaccine, you better listen to this, roll it. >> doctor said i think there will be a vaccine that initially will be available sometime between november and december but very limited supply and will have to be prioritized, if you're asking me when will it be available to the american public so we can begin to take advantage of vaccines to get back to our regular life, i think we are probably looking at late second quarter, third quarter 2021. stuart: ouch, it is generally

available to the general population and you're looking at the second quarter or the third quarter of next year, that would be a year from now, how about that, the vaccine makers on your screen right now, also on the upside, now this. the biden campaign has its troubles, the candidate is gap prone, stays homebound, relies excessively on a teleprompter and often seems unfocused, even confused, tuesday he got out of his house and flew to florida, he addressed hispanics, his problems were on full display, start with this, he walks onto the stage and starts to play a song on his phone. watch. >> i just have one thing to say, hang on here. ♪ there you go, dancer little

bit. >> i'll tell you what if i the talent of any one of these people, i would be elected for acclamation. stuart: i don't think you look like a dynamic candidate, the song was d'esposito which in spanish means slowly, that's an on choice incident. he went on to crack a joke about being a poor relative who shows up and eat all the food and stays longer than he should, i'm like the poor one, it was a joke but it fell flat, then there was the repeated gap about the harris biden campaign. >> the harris biden administration is going to relaunch for make it easier for motor spouses of veterans and u.s. troops died in iran and afghanistan, it makes me very upset the way he gets in front of a camera and crows how much he has done for veterans in the turns around and insult our

service members and fallen heroes and when the cameras are often called them suckers and losers. stuart: he is criticizing trump about veterans, he must've forgot the veterans affairs scandals that the obama biden, that was biden's first trip to florida, i do not think it went well, that was my take. let's bring in bret baier, for special report anchor on fox news. brett, you're smiling, i'm not being sarcastic here but i gotta believe the democrats are worried, about the basement strategy, and the constant use of a prompter and see, all the gaffes in his lack of focus and his tiredness, am i going to far here? >> no, he is not a great candidate by far, i think d'esposito playing the music was cringe worthy and he's speaking to a latino crowd, it did not

work. listen the biggest test for joe biden is going to come septembes wallace as a moderator in a debate against president trump, will be the most-watched moment, i think it'll be super bowl numbers as far as who are interested in the boat to see how the human deal with tough questions and follow-up questions in a way that perhaps joe biden has not yet, he's going to do a townhall, we will see how he does but you are right, he's been pretty scripted and pretty isolated in the wilmington home. stuart: it seems like kamala harris is the lead candidate, she is the one who is out and about and she is the one who is answering questions, it just seems, you keep hearing harris biden, i know you're smiling again. >> i heard all the talk about him and how this is an effort

like a dog whistle for democrats to say don't worry, if joe screws up, it is really going to be, the takes over and runs this whole show, maybe that is true that she says it on the weekend and he says that the next day in a screwup, but the bumper stickers are set, he is the one that's going to be on these to be stages and he is the one that people have to vote for, but who knows maybe the democrats are doing a little remember kamala harris is hereto to take over if he cannot. stuart: i asked martha maccall maccallum, your colleague a few moments ago and i said what will you be doing between november the third and christmas. she suggested maybe she'd be sticking around for a long time. i guess you would give the same answer. >> definitely, we don't know how this is all going to come down, i am hoping that we will know from the secretary of state from

all the states, how many ballots are out, how many ballots they have in the differential and couldn't make a difference in each one of the states, if we don't have the data on that night, we are looking at several nights even a week before we know the answer to the election. stuart: don't book a vacation until spring 2021, it's just a joke, i will be watching you at 6:00 o'clock tonight on special report, you will be there. thank you. now i'm going to show you fairhope alabama where hurricane sally is bearing down, dangerous flooding, storm surge, we got a live report coming up on the spot, there it is, a huge storm dumping a ton of rain. we will be back. and geico loves helping riders get to where they're going,

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stuart: fox business alert, the department of justice charging five chinese nationals for hacking more than 100 companies in the u.s. and overseas, that's according to the latest reports that we are getting, the hackers are linked to the chinese government, i got that, hurricane sally, bearing down on

a wide stretch of the southern united states bringing a ton of rain with it, ashley strohmeyer joins us, she is from alabama, tell me the situation there, i see a big tree in the backgrou background. >> this is pretty much what you can expect given on any given roadway, we came from mobile this morning and were driving to pensacola, but were about ten or 15 minutes away from goal shores, this is what you can pretty much see, trees down, power lines dangling, there were a few lights, it looks like you snapped it like a toothpick, clean break, trees over highways, debris, but what we are seeing right now is not good to be nearly as bad as what we can see with the flooding, just on my phone ten minutes ago i got a flash flood warning for this area until 11:45 p.m. local time, another hour or so, as we

were driving here there is mud covering roadways, water covering roadways, the bridge, we could not even go over the bridge that goes from goal shores to pensacola because it is shut down, it is at capacity because it's a water filling up so quickly that we drove by a couple of roads and we had to come back and turn back around, it is visibly noticeable that the water had risen since we were there from maybe 25 minutes, this is what you can see the debris and if we take a shot down there, we can see what were talking about, the sides of the roads o and looks like that driving on highways, this is just two lanes but the trees are toppled over into highways making people stop, making people take it slower, it's very dangerous but as i said the flooding is what is going to be the most dangerous with the flash flood warnings in effect,

i'm going to send it back to you in the studio. stuart: when rainfall is measured in feet you can expect flooding, that is a fact. look at the markets in the green, even indication on the snowflake, this is a few minutes ago, snowflake indicated to open 235 - 240 and again, i'll tell you, the offering price is 120, if you get the first trade anywhere near 235 - 240, that the doubling of the offering price, that's a big deal, more "varney" after this. good job, m! ok, lindsey now tell the class what your mommy does... my mom has super powers. it's like she can see the future. what?! it's like she time travels in a rocket ship. that's cool! and then she comes back saying "try this" or "try that." she helps everyone. she helps them feel less worried. wow! mommy, so what is it that you do? i'm a financial advisor. she is! aig proudly supports all the professionals

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stuart: may we remind you send in your "friday feedback" videos and texts and emails. before the end of the week, please. email us, go to us on our twitter or facebook pages. we want your questions, your comments. we do. we want videos as well. you might be featured in our "friday feedback" segment. varney viewers, foxbusiness.com. send it along. be nice and short to the point. before we close i have snowflake at 235 to 240 the indicated price. susan. what did i had do? susan: cloud warehouse company. warren buffett, mark benioff invested. for a cloud company you didn't hear of a week ago is now worth $50 billion. stuart: good point. i loaf to see all the advanced industries, cloud companies,

e-commerce, coming to the market. we have the opportunity to invest in new industries. i love it. are you in? susan: i'm in. stuart: i have 10 seconds to waffle about the markets. the dow is up 200. the s&p is up 14. the nasdaq slightly lower. my waffling time is up. here is neil cavuto. neil: well, i hope you use my video on friday, stuart. i put a lot of into it. let me know how that goes. thank you, my friend. we have a lot we're following up at the corner of wall and broad. the dow is up more than 200 points but the big story of the hour a hurricane that arrived at the gulf coast. it is not as dangerous as it was earlier. it is leaving a lot of rain, a lot of water, a lot of flooding, a lot of surges, in some places like pensacola, florida. north five feet of such surges. we have the vice president accuweather joins us right now. john, where are we on this thing and what is its trajectory right now? >> neil,