global markets trade higher as you see j&j a book to an a to present and dow industrial up 122 points, david dagen and steve take to be with you. >> great to be with you, have a great day, markets are higher across-the-board, we will see you back here same time, same place. ashley webster and first do this morning. actually take it away. ashley: i will indeed, good morning, everybody i'm ashley webster and for stuart, boy do we have a big show ahead, we have the everyday but it's huge today, maria said turning mostly positive on the dow up 164, the nasdaq slightly lower but nike doing a lot to push the dow higher, we will get into that in a minute. positive news on johnson & johnson final phase of the one-shot vaccine, that's bringing confidence back to the market, nike surging on sales in

china the stock set to add 100 points to the dow in today's session. there is a countdown to election day 41 days to go, former vice president joe biden heading to north carolina today, meanwhile president trump also getting ready to announce his pick for justice ginsburg supreme court seat, democrats threatening for pack the court if it is filled before election day. justice ginsburg will lie in her pose at the supreme court building and then on friday she will become the first women in history to lie in state at the u.s. capitol building, also happening on capitol hill, dr. fauci will testify before the senate at 10:00 a.m. eastern and jerome powell will testify before the house select subcommittee on the pandemic. and the president expected to speak to veterans and their love and a coward. it is a live action show today

and "varney & company" starts right now. ♪ >> with your help, your devotion and your drive, we will keep on working, we are going to keep on fighting and we are going to keep on winning, winning, winning. we will make america wealthy again. we will make america safe again. [cheering] and we will make america great again. ashley: lots of energy at the rally, president trump rallying in pennsylvania say he wants to make america rich again but jamie dimon ceo of j.p. morgan chase says he is okay with higher taxes on the rich but so is a wealth tax is almost impossible. joining me now john, chief

market economist for moody's analytics. good morning to you, my first question is what would higher taxes on the rich due to our economy? >> it first depends how you define rich, is it families making more than 200,000, 400,000 a year or families making more than $1 million per year, right now many people calling for additional stimulus, but any type of tax hike represents a contractionary type of physical policy, fiscal policy that hurts the economy, i think with unemployment above 8% is far too early to take the possibility of any type of tax hike seriously. ashley: that is interesting because that's what joe biden wants to do, trillions of dollars in new taxes, that cannot be good for the economy.

>> it cannot be good at all, goes against the strong case prevent enter presented by many democratic leaning economist dee fiscal policy, it makes absolutely no sense, it's like hiking interest rates in the middle of a recession. maybe when the unemployment rate drops under 4% again, then we can take seriously the idea of hiking taxes. ashley: i think that's the quote of the morning, it makes absolutely no sense. stay there we have more for you, let's take a look at the markets, mostly higher except for the nasdaq which is flat, let's bring in market watcher shar,with s&p and they get downo the correction territory is that a signal to buy. >> good morning, it is a signal

to start buying certainly not to go all, i think we have a little bit to go on the downside, a lot of the stocks are down and correction territory certainly the big mega tech into start taking small bites, i'm taking 20% of capital allocation, the big majors and i'm putting in right now, i believe were gonna get opportunity to add lower, given the market straight we could turn around very quickly and head back higher, i don't think that's the case going into election i think we will see higher volatility and have an opportunity to buy a little lower. ashley: it is interesting a lot of people talk about the fear of missing out but there is so much cash on the sidelines, when we do see the dips it's like people who have been hedging their best can finally get in they can finally get in. >> that the reason were starting to nibble already as opposed to maybe waiting, if you wait you

may not get that chance you may have to wait a day or two late and then you missed the move, choose a ten, 50% sometimes 20% with some of the stocks, you might say that's going to happen this time around but starting to get in now where the stocks are looking attractive in terms of valuation is a good starting point to enter and add a little bit lower. ashley: we look ahead just a little bit, medium-term will have the end of election certainty and will have a vaccine in the stimulus bill and we have a continued goober or accommodative federal reserve, looking ahead it looks very bullish doesn't not. >> exactly those are positive for the market and hopefully the economy to come i think we have to lean into look at the economy first and foremost the market gets a little bit ahead of itself whether or not will see the v recovery in the economic growth remains to be seen by get a w market will do a little bit of backtracking themselves. ashley: a little more cautious,

thank you so much for joining us this morning, we appreciate it. let's look at the vaccine front if we can, johnson & johnson starting phase three of the coronavirus vaccine trial, this is the final step in testing the vaccine president trump just moments ago responding to the development tweeting this, big news coming numerous great companies are seeing fantastic results, fda must move quickly! let's take a look at the other companies working on a vaccine in the premarket, a mixed bag but pfizer, johnson & johnson and gilead up but moderna is slightly down as well as novavax, let's have the look at the latest read, let's get a read on the latest mortgage applications numbers that just came out, the spring and lauren simonetti. susan.lauren: up 6.3% staying ho

fall despite high home prices and rates that are slowly kicking up, refi's lead the way up 86% last year and here's the point to thirds of overall mortgage activity. people are looking to lower their monthly bills. ashley: i'm amazed there still people left to refinance. but they are still out there, thank you lauren simonetti i appreciate that. lauren: i've been meaning to do it. ashley: i don't think you're the only one. let's bring back john lonski, despite the recent market selloff on behalf of the stalemate over the stimulus bill you believe the economy is improving, right? >> yes, i do. the atlanta fed came out with an estimate for third-quarter growth at 32% annualized, better yet we keep getting this good

news on housing, we have the highest level of home traffic viewing from prospective homebuyers ever talk in this begin to generate 1985. we've been getting good news on manufacturing, despite federal reserve district banks that each month take a survey of regional manufacturers, we have the numbers and for the new york fed, the philadelphia fed in the richmond fed, that basically covers all the states, what we find is unweighted average, the level of manufacturing activity according to the index is back where it was in december 2018, the components related to employment, new orders as well as plans capital spending all have moved higher. ashley: i already feel more

optimistic, that's an impressive list, there's lots of positive signs, thank you so much for joining us this morning. let's move to tesla, elon musk says the car deliveries are said to increase this year, let's bring in susan li, we found out the new batteries will take a few more years. susan: three years showing off the new battery design that not only last longer but also cheaper, not exactly 1 million miles but it will take a few more years to ramp up production so that was a bit disappointing for investors, elon musk is known for his bold promises, a lot of hype, he predicted tesla would make a $25000. driving card three years with 20 million vehicles each and every year, tesla stock rallied for just a bit after months of deliveries, this year is 30 - 40% and that implies deliveries at 500,000 pledged that he made at the start of

this year and tesla is running behind that mark so far in 2020 despite analyst predicting record deliveries for this quarter but elon musk did impress goldman sachs because this morning they raised their price target on the stock to $400 up from 295. ashley: that is a nice price target. thank you very much, let's take a look at the futures, about 19 minutes for we open, we are positive across the board, the nasdaq essentially flat but the major averages finished up yesterday session and the positives, we will see if we can keep it going when we open up wall street. we do have a big show planned on the busy newsday, trump former nationally international news advisor katie mcfarlane, martha maccallum, florida senator rick scott will be here and former white house press secretary and fox news contributor sarah

sanders. hours after launching a cheaper pellet town like bike, amazon pump the brakes and stop selling the new exercise bike, echelon claimed they were in a partnership with amazon so what the heck is going on, guess what we have echelon ceo later this hour to explain, u.s. household wealth hitting a record despite the coronavirus pandemic but do we still have a long way to go. i'm going to ask the economist peter when he joins me next. ♪ ♪

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ashley: here's an interesting story, china's online shopping growth is apparently stalling, come in susan should we read anything into this. susan: consumer spending after covid will be up and down after employment, income still in overhang on chinese consumer sentiment which might also be the case in the u.s., china's online sales, growth for consumer good and services flowing in the month of august, if you look at retail sales in china.8.5% from generate to august this year with the chinese job market which is the worst since the 1960s according to the economist intelligence unit, the sales listed, alibaba in the jb.com, also the sales that might be hurt and nike, apple, mcdonald's and starbucks, they get a lot of the sales from the chinese middle class and it was less money to spend, that hurts

marriott, hilton and less need to buy boeing, there's a lot of ramifications right here to the u.s. stock market. ashley: a lot of ripple effects. thank you. europe is seen a spike in corundum cases, we've been documenting that with the uk seen a possible second wave to see a big jump in the daily new cases, it obviously peaked in april and may and now hitting up again, let's bring in peter maripetermarie c, could this bet for the u.s.? >> i think it depends on how well we decide to manage the virus, the suffering lockdown fatigue, facemask fatigue in europe and they're getting careless pray that's one of the reasons boris is closing the bars earlier in britain. we have to avoid that, if we are careful, we can avoid that. ashley: i find it interesting,

very quickly closing at 10:00 p.m. instead of 11:00 p. 11:00 p.m., i cannot see what the hour makes, people are still inside of the restaurant, anyway, whatever, i want to move on and talk about u.s. household wealth that hit a record number during the second quarter despite the pandemic. i would imagine this is good news but do we still have a long way to go before we fully recover. >> to different issues, wealth has not gone down simply because the housing market unlike during the financial crisis did not take a hit, they value the homes are little same or little bit higher, in terms do we have a lot more to go, yeah, we have several million people who are permanently unemployed according to the bls and is probably a lot larger because the businesses that are permanently closed, we really do need another stimulus package and we need the uncertainty of the election behind us, once we have that, i

think we will be able to continue to grow and recover but is going to take some time. most economists don't see the economy fully recover until 202e more likely to get that frankly if mr. trump is reelected that mr. biden reelected. ashley: the longer the stalemate goes on over the stimulus bill, how much damages are doing or is it doing damage, how badly needed is it, if you needed traffic, the data that we have on people going to stores and whatever, things have leveled off, we see the recovery has the accelerated, my feeling is were missing a quarter of growth because of this. if we get a stimulus bill after the election we will have missed out on basically three months of growth and at this point in time it's very unfortunate, were going to get a big second-quarter number when it comes out, third-quarter number when it comes but what it's not

going to continue. ashley: i think you are right, it is getting stuck in congress, peter morici, thank you for joining us, i want to take a look at nike, we mentioned this at the top of the show, thank you peter, it's up in premarket 12%, lauren, nike reporting blockbuster surgeon online sal sales. lauren: up 82% and online is one third of nike's overall revenue, shares should hit an all-time high at this level when they open and add 100 points to the dowd jones industrial he said these are times when the strong can get stronger and nike is, quarterly revenue, this is important $10.6 billion, that is almost what their revenue was this time last year, they are close to be back to normal, their net income almost several

expectations, the sports cancellations early on in the quarter that help them because they save money because they spent less on marketing but now they have basketball back, their new products, yoga maternity for women, nike is doing well on all fronts, women apparel sales are going faster than men's, i thought that was interesting. ashley: very interesting indeed. we covered a number of ipos recently we have another big one today, come in susan. susan: good rx the online drug coupon company pricing higher than anticipated at $33 a piece, their returning a price range of 24 - 28 value of good rx, close to $13 billion and that's much higher than the $3 billion and was valued at two years ago, they say their huge investor in the fast growing companies in ipo mania that we see the past

few weeks is a big debut like snowflake and unity software, snowflake as remember last week doubling in day one, good rx reported sales that jumped 50% from last year and that's the growth that investors are willig to pay up especially in 2020, two other high-profile ipos later this month and then were guessing when airbnb will take place this year if it takes place. ashley: forget about a pandemic going to the market. thank you very much, the market opening in minutes and were hoping for a positive start, barely hanging onto the nasdaq, slightly lower. we'll be right back with the market opening. ♪ ♪

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statuary hall where she will lie in state, the first woman ever to do that, that's what's happening right now outside the supreme court building in washington. moving onto the market, echelon announcing what they call a new prime bite they claim to be in partnership with amazon but now amazon is telling echelon to stop selling the bike and say it's not an amazon product or even related to amazon prime, what the heck is going on there, echelon ceo coming up in just a few minutes but let's bring in investor greg smith, this is not good news i would imagine for echelon. >> no it's not, good morning and happy at 80th birthday to my father he's tuned in this morning. peloton enthusiasts around the world woke up to a 1 billion-dollar fairytale that amazon and echelon were coming to the market, ultimately i think this would be good news if that didn't happen because i would broaden the market, create more consumer awareness and i

continue to believe the pellets on has an incredible on tap market opportunity, this was a billion-dollar fairytale that i say because we woke up and saw peloton give out almost a billion a half dollars of market capital to recover. ashley: you bought peloton when the bike was originally released, right? >> i've been a longtime buyer on peloton and i had in my position yesterday on the dip, i thought even again with amazon entering the market i continue to have a price target of pellets on for myself of 150 and with only 1 million connected subscribers, again they have more than 95 million households that they can go after for their product, with or without covid, peloton will be a winner and they will benefit and i continue to call it the new old stock and i continue to expect great things from peloton. i think peloton should be a great acquisition target for someone like amazon or netflix

because they have an incredible network and they really mastered the business model and content, community and commerce. i think they will continue to win. ashley: you are a fan, let's put it that way, thank you very much we should say later this hour we will speak to echelon ceo. as you can see the bell is ringing and guess what this wednesday session of all is now officially underway and right out of the gate the dow up 129, 130 points, a lot more green on the dow 30, nicely leading the way, we talked about the surge and online sales, johnson & johnson with vaccine news, home depot, mcdonald's all leading the way, the doubt up 125 points or there about. let's look at the s&p, showed modest gains in the premarket s&p, same story up about five points at 3320.

up about a tenth%, let's look at the nasdaq covering around the flat line hovering around 10959 for the nasdaq, going very flat at the opening. guess what tesla might have competition, we will find out that bill gates is back in electric car company called quantum scape that will go public soon, the question being they are starting from scratch, can they compete against tesla. susan: with bill gates monday they were pretty good chance, 4.310 billion-year-old startup called quantum scape, if this is on track to reduce the electric battery, it has pure metallic lithium, that would be a huge gains changer and they are more traditional than gaspard ones, if you make it more affordable, you know more people will own electric vehicles, that is what you unmask is trained to do with batter day, the battery can also

charge agains in 15 minutes andl 9% further than the current electric cars, that's a big selling point, quantum scape back on the new york stock exchange by the facts trends word emerges with a blank check company and it takes his place trading on the stock market, you know gate entry gates and masks have been simmering in dow's overcurrent electric cars, technology and that does include tesla and elon musk says gates has no clue, back and forth and see who wins. ashley: mr. gates putting his money where his mouth is. let's find out. a lot indeed. next case the happiest place on earth, disneyland but not very happy right now, still closed but lauren, this man putting pressure on california lawmakers to reopen the park. lauren: is the darkest place on earth right now, disney telling officials in california it is

time to reopen it's been shot for six months and the economic numbers into devastation that's been significant especially in the area were 80000 jobs were. disney executives made their pitch to california officials to use their success stories from the reopen parks in florida, china as well as paris to show we can safely do and customer seem to like it, by the way hong kong reopens on friday. ashley: interesting, another one disney announcing changes to their annual marathon. lauren: they have the popular races, disney world marathon in the half marathon, it will be virtual this year, they are usually held in january or february when it's a little bit cooler when they were canceled they attract a lot of people were in the middle the pandemic and if you register to run you can get your money back. ashley: i think i would be a good virtual runner, i sit here

and pretend. lauren: i was wondering how you doing actually prove that you do it. ashley: i don't know but i feel like i could get on board with that. thank you. agree new survey reveals 75% of hotels say they could be forced to lay off staff if they don't get some sort of government he help. susan: the hotel industry is looking for $150 billion in government aid, some hotels received money for the ppe, the small business relief program but major concerns at the hotel industry might get worse from here with $90 billion worth of default, permanent closures and permanent job losses at a hotel industry group survey in 1000 hotels across the country and 70% of them are fewer than half of their staff currently working full-time, what is worse the same number said they would only be able to stay open for another six months at the current

occupancy levels, 2020 is forecast to be the worst year on record for hotels and even worse than the great depression in the hotels industry group, 1.6 million hotel employees are currently out of work and less than two half-million excuse me to have billion dollars in wages per week because of covid. they are really suffering at this point. ashley: it's absolutely brutal, it's not just the hotels that need help, we know the airlines we've been saying this for months, they say they need financial help. susan: a last bid to persuade congress to give them $25 billion, there'd got $25 billion earlier this year end airlines say they need more cash in order for tens of thousands of employees for load that starts next month on october the first and we know there's tens of thousands of layoffs and voluntary retirement but we know travel has been decimated this year. ashley: the clock is ticking on that money running out. thank you. lauren another one for you

talking about shopify reporting and data breach, we have not talked about data breach recently. lauren: 200, no more than that, using the shopify platform to sell their items, what happened was to members of shopify and their support team were found guilty of stealing the merchant data in the customers data of the merchant that used shopify, they got the contact information in order details but they did not get financial or credit card information, is 200 a big deal, shopify has a million merchants so it's a small number so still 2020 when everybody is doing everything online we have not spoken a lot about data breach which is pretty interesting. ashley: that is, that's a big deal if it's your information that is being stolen. thank you very much. let's take a look at the big board, the market is moving

generally higher, it's up 165-point, let's take a look at the ten year yield, let's see where that is going, it is going up, two basis points .678%, pretty darn low, gold no money going into gold, 1891 done about 1%, let's take a look at bitcoin, we don't do it that often but interesting to see where it stands, $50, interesting gauge to follow, 10545 up half 8%, let's take a look at oil, inventories coming up a little later on, oil around $40 a barrel up 19 cents, interesting to see what we have in storage. brewing in the democratic party, let's listen to joe biden take a swipe at bernie sanders. roll tape. >> he will address our cameras directly talk to the voters that are worried about socialism in

you raising taxes. >> i beat the socialist that how i got elected in the nomination, do i look like a socialist. ashley: that cannot sit well with the far left base, we will debate it in speaking of debate we know the topics for the first presidential debate hosted by fox news chris wallace, the story anchor martha maccallum will be here to talk about that and other things and have you ever heard of an amazon room, latest amenity for high am home buyers. we will explain next. ♪

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ashley: guess what, we may now

have a date for amazon prime day, susan li when is it. susan: it seems to be october 13, you may want to pencil that in on your calendar, amazon has declined to confirm the date but if you asked alexa maybe one day she will tell you, amazon's biggest shop strive again the surpassing black friday and cyber monday, last year $7 billion in sales over two days, 48 hours, usually takes place in july but this year is not been a typical year and there's concerns when you push the date back to october, it is too close to say black friday and the rest of the holiday which might take away sales and cannibalize sales from the shopping days or might mean a lot of pent-up demand and spending by consumers. we will see. ashley: i would not be surprised to see pretty big numbers, amazon story for you, we mention

this going into the break, amazon rooms are reportedly becoming a hot ticket item for homebuyers. what the heck. susan.lauren: an entire room fol the amazon boxes and deliveries and let them decontaminate before opening the box, at least that the trend in the upscale l.a. housing market where they are having a recovery this quarter compared to a disastrous second quarter were the newes lt number of sales that they've seen in 11 years, they want the tennis courts and outdoor space and double home offices and apparently an amazon room so sales may have dropped the home values in l.a. are up especially for luxury space in beverly hills, they are up 14% this year in christie and john legend are selling their beverly hills mentor for $24 million, i think that is in your range.

ashley: i will consider it if it has an amazon room, let's put it that way. thank you very much, interesting stuff, nike surging after a stellar earnings report up 9.5%, good time to bring in our friend gerald, our retail guru, gerald you avoid said nike was a winner, we get that but who else do you like in this field? >> nike is in a special class, these are verticals, controlled and intellectual property with an amazing brand, a year ago nike told amazon to take a hike, they stopped selling on amazon there's very few people but lululemon is one, they control their own cells and athletic apparel, also other verticals like the french fashion house if you want to play with that, by the french market like ridgemo

ridgemont, these are great companies that are controlled by their distribution, that is not most of the retail, most retail is totally different, you're either with amazon or one of the big value players who can stand alone like walmart, target, costco, dollar general and of course you see the strong sales on the home side with home depot and lowe's. ashley: you like those stores, don't you, the big retail winners, walmart and target and you mention costco, dollar general, why the star together? >> they sell essentials and provide tremendous value, this is nothing new but we are seeing all the trends that existed before the pandemic that accelerated rapidly and these companies are doing fantastic the large value players in e-commerce has accelerated as well, they do it in a separate setting, you don't have to go to the mall or go inside, you can go in or out but while you're there you are going to buy everything, costco, dollar general, walmart, target they

are going to win. ashley: based on that, do you think the expression, the weaker hands get flushed out, it's a survival of the fittest, the pandemic goes on, concerns of a second wave, it's going to be the strongest in this retail industry that they are going to come through, there can be a lot of other casualties. >> there will be massive numbers, still ahead not just this year but even next year, they are going to have a big hangover, you started with nike, do you realize nike is dropping many department stores like dillards they are not selling anywhere, they do not need them, think about the future department stores major brands are saying we do not need you anymore. ashley: it's very disturbing for the department stores, amazon prime day susan li and i were talking about that, probably going to be a big event. >> its way to be massive, i know susan gave two options whether

suck out sales for the holidays or massive is my opinion, we are already through what used to be amazon prime day and they have that with huge sales gains, when this comes in october it's going to be the kickoff for the holiday season, the reason they will not come from the date is because every other retailer is waiting around because they want to pile on and make sure they have their big online sales in the same day. they're trying to keep it a secret as long as they can but it will started off with a bang in october instead of november but by the time we get to black friday we will have done so many sales it will not matter and black friday cannot be what used to be they're not open on thursday and thanksgiving day and a lot will be online, i call it mask friday, not black friday, people will be waiting online are you kidding me it's not going to happen that way, it's going to be massive. ashley: you are terrific, thank you so much for your insight today, we appreciate it. there are now calls to

investigate michael bloomberg who is reportedly paying off fines for 42000 felons in florida so they can vote, congress and not gates says that's potential bribery, florida senator rick scott is here and we ask him what he thinks about that. also amazon says it has nothing to do with echelon prime bike, you cannot buy it on their website but this only hours after went on sale, what the heck is going on, echelon fitness ceo is here next, we will ask him, don't go away. ♪ ♪

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head to aerotrainer.com now. aerotrainer's unique design allows for over 20 exercises for a total body workout, all while maintaining safe, correct form. now it's your turn to lose weight, look great, and be healthy. get off the floor and get on the aerotrainer. go to aerotrainer.com, that's a-e-r-o-trainer.com. ashley: amazon telling echelon fitness to stop promoting an exercise bike which the company claimed was developed in collaboration with amazon, the exp prime smart connect bike which was intended to be a less expensive alternative to peloton is now listed as unavailable on amazon, let's bring in lou, the ceo echelon and speaking

exclusively to fox business, the first question is what the heck is going on. >> take you forgiven us time today, echelon started working with amazon in early january and during the development of the program, amazon asked us to sell our entire line of echelon connected fitness products plus we were asked to develop a bike that would fit a 500-dollar retail price point, echelon in the buying decided to call the bike prime, even though all the correspondence and purchase orders called the bike the exp prime bike, yesterday we learned the internal amazon team was not in alignment, was a complete surprise to west. we are planning on rebranding the bike and echelon is excited about the strong relationship with amazon and we will continue to provide them the exclusive bike, the bike sold out within hours, that is wise not available, it sold out, the real

news, we believe echelon we make a full line of indoor cycling bike said you know, we make rowers, fitness smears, treadmills and they're all at affordable price but is not just available on amazon, when sporting a, costco, walmart, best buy and amazon, we are changing lives over 2000 live classes a month is 6000 on-demand in nine countries, were making fitness affordable to the world. ashley: what do you do with amazon, clearly you believe your collaborating, you named the bike prime and everything was ready to go, what recourse is there for you because you're in this embarrassing situation today. >> amazon nsr working together, they're a great company, it was a miscommunication with their internal team that they had, were already working on a new name for the bike, this is an exclusive bike for them, were

already working on that with them and were excited about it, we will have a call this morning with them and coming up with a new name and launching it with a new name. simple as that, misunderstanding in their internal team. ashley: got it. thank you so much for coming on, lou lynn tenney ceo of echelon clearing that up for us, we wish you the very best. thank you for coming on. >> thank you appreciate it. ashley: alright let's move on joe biden seems to be distancing himself from democrat socialist bernie sanders, doesn't he need help from the far left base if he wants to beat president trump, we are on the story, next to come fox news contributor liz peek, former national security advisor katie mcfarland in the story anchor martha maccallum, don't go away we'll be right back. ♪

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ashley: welcome back, everybody, i'm ashley webster in for stuart today. look at the market. the dow hanging in there we lost a lot of early gains at the session opening. the dow up 54 points. the s&p now down .2 of a percent.

the nasdaq losing more ground down half of a percent. however, nike has been leading the dow, at one point adding 100 points to it. the effect is fading as they say. nike up 9% thanks to surging on-line sales. the stock up 10 bucks. as always action-packed show. the president is expected to speak at an event for veterans next hour. we're monitoring that for you. we're showing you the supreme court, the use supreme court where justice ginsburg will lie in repose. she will be the first woman in history to lie in state at the u.s. capitol on friday. she will lie in repose today and perform at the supreme court. also happening in washington, dr. fauci will testify on the virus response. any fireworks we'll keep an eye on them.

there is lamar alexander on the left. chairman powell before the senate subcommittee, if his remarks. the market is down, the dow is up 65 points but we are losing some momentum a good time to bring in market watcher mark tepper. mark, welcome. i spoke to shah ghailani, another market watcher this morning. i said it is once the s&p got down to that correction level, down 10% from its recent high there was all sorts of cash coming in from the sideline which tells me that even if the bears take over for a while there is plenty of money out there itching to get into the market, which should give us some pause for comfort, right? >> absolutely. good morning, ashley. so, look, 10% pullbacks are totally normal after a major rally. you go through, go back through history. 10% seems to be the magic

number. the thing about this pullback, it was more profit-taking and repositions into other stocks than overall fundamental view change on whether the market will go up or down. along the way what we've been doing is trimming winners on the way up, names like nvidia, names in our portfolio that were up over 100% year-to-date. we are repositioning in names where we see more opportunity right now. ashley: which are? >> so let me give you -- we're actually seeing more opportunity in smaller cap stocks right now. i will give you a small cap stock here. glu mobile, just over one billion dollar market cap. they are a top tier mobile game developer and publisher, from call of duty mobile, to disney, wwe, kardashian game if you're into that. the stock is trading at precovid levels. it is down 30% from its highs and they shouldn't be. they have a really strong 2021

slate next year, led by deer hunter world which happens to be their biggest franchise. it is trading at huge discount to the industry. the industry is trading 2.8 times 12 month books. glu is 1.5. i think there is opportunity there. ashley: right. i want to mention on on the bigger picture, we've seen money in big tech coming out of that going into other areas. do you expect that to continue? >> i do. if you look what is happening underneath the surface of the market cyclical plays are working f the market were going to continue to spiral downward you woe see money coming out of tech and see it flowing into defensives like consumer staples but that's what's happening. consumer discretionary are is outperforming staples. high beta is outperforming low beta. i think tech has come a long way. i think some of the other sectors will continue to play

catchup. by no means should you take that to mean you should go completely defensive. ashley: as always, great stuff. mark tepper. thank you very much. >> thanks, ashley. ashley: and your wise words. let's stay on video gaming as mark talked about, gaming company corsair going public today. bring in lauren simonetti. what do we need to know? about these buys? lauren: it will start trading soon but unlike the ipo mania we've seen this month that involves mostly startups, corsair has been in business since 1994, when i was in grade school. they sell hardware but also software for videos games. shares priced at $17. that was the midpoint of the range. they're one of 15 ipos this week. two of them layered super food, thing trendy, plant-based drinks. bentley systems, also trendy. they sell software for construction projects. they will hit the market as well.

both priced at $22, both above the expected ranges, ashley. the ipo market is still hot. ashley: it is indeed. lauren, thank you. when cores say does go public we'll have the ceo and cofounder right here hopefully within the time frame of the varney show. lauren, thank you. turning to politics, joe biden trying to assure voters, no i'm not a socialist. watch this? >> address our camera directly, talk to voters that are worried about socialism and you raising taxes? >> i beat the socialist. that is how i got elected. that is how i got the nomination. do i look like a socialist? look at my career, my whole career. i am not a socialist. ashley: i am not a socialist. bring in liz peek, fox news contributor. great to see you, liz. this can't make the bernie sanders and far left very happy. i was thinking probably aoc did the whole coffee -- said what? they can't be happy.

>> they're not happy. this really is what happens when joe biden goes off script. his scripts have said i'm going to be the most progressive president since fdr. and other things that are supposed to win over progressives. ashley he is not winning over progressives this was a major goof. after the convention polling shows that progressives were really angry that the dnc basically reached out to disaffected republicans, remember all those republicans that showed up at the convention, colin powell, people like that, and john kasich, instead of appealing to progressive voters. what they say is absolutely true. unless those progressives show up on november 3rd and vote for joe biden he is not going to win. so this was a goof because this has been played all over social media and, by the way, aoc is a person who said, in a normal place i wouldn't be in the same party as joe biden. so this is a real divide in the

democrat party. they need turnout. they're not going to get it if joe biden continues this line. ashley: yeah. that divide is growing wider as we speak. next one for you, liz, joe biden refusing to talk about who he would nominate to fill the ginsburg's seat. he was asked about it by a local news reporter in wisconsin. here is how he responded. this is the full quote. it says, he says it is a legitimate question but let me tell you why i'm not going to answer that question, because, it will shift all the focus. that is what he wants. he never wants to talk about the issue at hand. he always tries to change the subject. he is the greatest non-candidate out there. i mean this cannot be a good strategy, isn't it the issue at hand, liz? >> it certainly is. i think the democrat voters are very revved up putting someone on the supreme court. the fact their nominee refuses to be specific about this is sort of squandering an

opportunity, an opportunity to contrast their candidates with the candidates that we know are being considered by donald trump. honestly, ashley, this opportunity, this fight over supreme court justice is the best thing that's happened to joe biden's campaign which was completely without energy or enthusiasm up until this happened. and now if he squanders it basically not taking a position, kind of what he is doing, i think it is unbelievable political malpractice. ashley: political malpractice. i'm going to remember that term. liz peek, thank you so much for joining us, liz. great stuff as always. >> pleasure. ashley: thank you. let's go move on now, take a look at the stock, foot locker. lauren, they're getting into the election? lauren: okay, so they're teaming up with rock the vote to allow foot locker customers to register to vote in their stores using a digital hub. okay? it is kind of crazy. they're also going to allow

their workers to rearrange their schedule so they can leave work if they need to go vote. look this company has a young customer. they say their mission is to quote inspire and empower youth culture. and it might be working. i don't know about you, voters seem very engaged this year. if you look at the numbers, there are 15 million young americans who turned 18 since the last presidentdential election four years ago. so they're at home. this is a once in a lifetime experience for them. for gen-z. they are voting in a pandemic in a recession amid a racial reckoning. you might see a lot of engagement, a lot of turnout at the polls. foot locker is helping to do that. ashley: we're going to find out, what, 41 days. all right, lauren, thank you very much. lauren: that's right, 41. ashley: 41 to go. still seems like years away. i don't know why. on to amazon. amazon reportedly restricting rivals from advertising on

amazon. susan is this a problem? susan: this might be a conflict of interest for amazon's case as the online marketplace while also making their own products to sell. so according to an investigative piece by "the wall street journal" amazon has been limiting searches on competing smart speakers, video doorbells and other devices. rival, amazon's own fire tvs, ring doorbells and echoes. one striking example in this report, the journal found even when you type in roku in the amazon search bar, it doesn't even take you to roku's own products that are sold on the site. in fact roku has been blocked from buying sponsored ads on amazon for years now according to sources in this article. facebook is another one barred from buying ad space. amazon now an advertising giant. you don't really think of amazon as an advertising giant but they're third behind google and facebook when it comes to online ads. amazon raked in $14 billion last

year. that is a sizable amount. in the big tech grilling last summer, jeff bezos was grilled on antitrust. biggest online marketplace, with close to 40% of on line purchases using that size to unfairly compete making your own products, limiting competitors from advertising on the site itself. ashley: yeah. it is a familiar battle. all right, susan. thank you very much. interesting though. we're going to head to break now. president trump and joe biden to face questions on the pandemic, the supreme court, and the economy at the first debate which is now just six days away. i can't wait. martha maccallum will join us later this hour to take us through all of it. president trump calling on the u.n. to crack down on china over the virus pandemic. how is that going to play out? i will ask kt mcfarland coming up. first congressman ken buck he has been pushing a.g. barr who is bankrolling the violent

riots in our major cities. do we know who? i will ask him that question after this. ♪.

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bounce forward, with comcast business. ♪. ashley: all right. let's take a look at these markets for you. we've been underway, for what, just about nearly an hour. the markets as you can see kind of flat. the dow was up 160 points. now as i say it is flat at 27,288. s&p down a third of a percent. nasdaq down nearly 1%, down 92 points on the nasdaq.

show me johnson & johnson, please. the company announcing it started phase three of its virus vaccine trials. this is by the way the final phase in testing. that stock, j&j, up more than 1% at 145.90. take a quick look at nike. the company reported online sales were up 82% year-over-year. pretty impressive the stock adding 70 points to the dow. so we would be negative if it wasn't for nike. that stock up nearly 9% at 127.33. all right. let's move on to this story, now. the seattle city council is overriding the mayor's veto to defund the police. bring in william la jeunesse. what the heck is going on out there? reporter: the bottom line, ashley, the seattle city council sided with black lives matter to defund the police department of roughly 100 officers. the council by a huge margin, under in their words ferocious

pressure from black lives matter overrode the veto by mayor jenny durkan. what does it mean? eliminating police unit to clears homeless camps. wage cut for commanders, reduction of 100 officers. to underscore the anti-police member, one councilmember read names of people killed by seattle police. 3 million-dollar cut for cuts and 14 million-dollar infusion into services targeted towards community of colors. it is not much. but the council is committed to defunding the department 50% beginning next year. supporting the cuts, democratic socialists of america. in opposition, downtown businesses. seattle is one of three cities identified by the department of justice for allowing violence and looting. the others, new york city, portland. where last night one man was shot. three were arrested while fighting with police in front after law enforcement building. the portland protests have been the hiatus for a few days because of poor air quality

associated with the wildfires but now, they have resumed. 75 showed up last night to protest racial injustice. three were booked for trespassing interfering with cops. ashley, a little irony here, in a separate incident, portland residents are complaining it took police 90 minutes to respond last night to several 911 calls regarding a man with a knife in an apartment. back to you. ashley: yeah. they want it both ways. complete insanity. william, thank you very much. appreciate that report. good time to bring in congressman ken buck. he is a republican from colorado. congressman, you actually wrote a letter to the doj earlier this month asking attorney general barr to investigate funding for these riots. i guess my first question is, have you found anything out? >> well the congress hasn't found anything out. i'm sure there is a federal grand jury looking into this. their proceedings are secret. i don't have access to bank records to show who is funding antifa and other anarchist

groups but it is career from the information that we have that these young people are traveling across the country, going from city to city. they are staying in hotels. they're is a funding source out there. we all have suspicions as to the left-wing donors that may be funding this but i don't have any specific information about that. ashley: what would you want the department of justice to do? to expose who is responsible and then what? >> well i think they have to prosecute. anytime that somebody is funding violent behavior, especially interstate violent behavior it's a federal crime. there are money laundering statutes and many other statutes that apply this situation and individuals and, if there are corporations involved or other entities they should be prosecuted. ashley: what is the aim, do you think, of whoever is organizing this? what is their endgame? >> i think the socialists understand they can't get to where they want in this country

with a constitution. they can't get to the socialist utopia under the rules of the game as they're set up right now. america is too free a country and america is too prosperous a country under our capitalist republic system of government and unless they change the system of government, fundamentally, by canceling our culture and trying to rewrite the rules, they can't get to the socialism that they seek. ashley: very quickly, congressman, you know, look, how much do you blame the local lawmakers for not clamping down and being tougher on all of this lawlessness? >> i believe the president is absolutely right. portland, new york city, seattle are primarily responsible for this, they should pay the price for this. the president is trying to protect federal assets. he has an obligation to do that. ashley: all right. we'll have to leave it there. congressman ken buck. congressman, thank you so much. we'll be very interested to find out what the investigation under covers. congressman, thank you very much.

>> thank you. ashley: move on if we can. look at walmart. we understand they're going to be hiring 20,000 seasonal workers for the online shopping fulfillment centers ahead of the holiday. walmart up half a percent in today's session. look at shopify, the company announcing two employees stole customer data. the stock down 1.75%. that breach compromised information such as emails, names and addresses as well as order details but no financial or credit card information was reportedly stolen but that stock moving lower today. let's move on. let's check check a record cannabis. lauren, they're losing a lot of money, right? lauren: wow. look at the stock down 25%. i don't know, ashley. we thought coronavirus was good for pot smokers but aurora cannabis lost 2 1/2 billion dollars in the fiscal year just ended. it forecast as softer sales

period for this coming fiscal year as well. why? well they focused on expensive, premium cannabis. that was misplaced. when you look at their canadian market and their american market many people are out of work. they suffered store closures, millions of dollars in write-downs and impairment as a result. their shares are near 52-week low. rival tilray down in sympathy. both stocks coming into today's losses down 70% this year, ashley. stuart: up in smoke as they say. lauren, thank you. next one, dating app hinge. let's talk about hinge. they're on track to make a lot of money, is that right, susan? susan: money in love. dating is a lot of cash. tinder owner match group also owns tinge. hinge is different from tippedder. more serious relationships leveraging user contacts to

suggest connections instead of random suggestions. allows see users who like them for free. you have to pay for that on tinder. paid feature on hinge, have user profiles to show more daters. virtual roses and light functions. hinge currently has six million monthly active users. 400,000 pay. compare that to hinge, tinder. that is six million. there is a big growth opportunity. ashley: yes, there is indeed. interesting though, doing okay. susan, thank you very much. okay, the media, already criticizing president trump ales supreme court front-runner amy coney barrett. sarah huckabee sanders has something to say about all this backlash and she is on our show in the next hour. but first the president urging the u.n. to hold china accountable for the coronavirus pandemic and you'll hear it after this. ♪.

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stocks by the slice from fidelity. get your slice today. - hello, i'm michael youssef. lately, we are hearing so many conflicting voices and i don't blame you if you are anxious and worried and troubled. but if i told you that there's only one voice that you can absolutely trust.

after all, he wants nothing from you and wants to give you everything. i'm talking about the lord jesus christ, who said, " come unto me, all who are carrying heavy burdens and worry and anxiety. and i will give you rest. " he's the only one who can give you true rest and peace. will you come to him? - [female voice] are you waiting to find a trustworthy voice in the midst of the chaos of this world? visit findingtruepeace.com to find a voice that will never let you down. again, that's findingtruepeace.com. ♪. ashley: welcome back, everybody, we certainly lost all momentum on the markets.

the dow kind of going up and down. we're up close to 200 points at the very beginning of the session. came down to basically flat line. now up 55 points. but as you can see the s&p has slipped into the negative down about a quarter of a percent. the nasdaq also down more than half a percent now at 10,895. a slew of issues out there right now. of course the supreme court, the election 41 days away. we have a lot of uncertainty there, a stalemate on the stimulus bill. potential rise again of coronavirus. put all that together there is quite a lot of angst out there even though when we see these dips it is seen as a buying opportunity. anyway, enough said. weekly oil inventories breaking right now. it is stu's favorite story of the week. susan you have numbers. susan, ashley. drawdown on the week. looking usage of 1.639 million barrels. we were looking for a decline a drop of 3.25.

we are using less oil than anticipated. still you have oil prices holding 40 bucks in change. less than 45-dollar per barrel pricing that we saw earlier on. ashley: there is renewed turbulence in the oil market, is there not, susan? susan: this year obviously hard to forecast where oil prices are going, especially with covid. if you look at the monthly forecast for the next quarter and beyond, you have a difference of 1.3 million barrels per day on average. that is the widest gap and estimate since last year. this year we've seen a collapse in oil prices during the depths of march and april. first time in history oil prices went negative. these wild price swings that we've seen so far only seen twice since 1990. there are some wild cards out there at play for the oil markets. that includes china. how much are they buying. covid cases, judge people are driving or flying once again. if eight is reference point t

took gasoline demand to recover t might be a while. ashley: that puts it in perspective. susan, thank you very much. next case, president trump addressing the united nations urging them to hold china accountable for the global pandemic. take a listen. president trump: the united nations must hold china accountable for their actions. in the earliest days of the virus china locked down travel domestically, while allowing flights to leave china and infect the world. the chinese government and the world health organization which is virtually controlled by china, falsely declared there was no evidence of human-to-human transmission. ashley: that is interesting, isn't it? that speech to the u.n., which in my opinion is a pretty toothless organization but let's bring in kt mcfarland, former white house deputy national security advisor. kt, look, the president's message certainly in stark difference to joe biden's who

calls china a competitor and russia, just a mere opponent. does the president stance on china have any impact on what china does? >> oh, yeah, hugely. look, president trump, one of the reasons i supported him from the very beginning he took china seriously and he realized even in 2016 that chinese were exploiting us. but then after the pandemic, look at what's happened. they used this as a biological weapon. isn't an irony the united nations now cannot meet. why? because the whole world is locked down because after pandemic which they knew about, which they allowed to spread throughout the world and which they have now exploited. and president trump is right to call them out. that is in contrast to joe biden t would have been a lot easier if the united states had stood up to china 10 years ago, 15 years ago, 20 years ago. where was joe biden? he never stood up to china when

it is easy. so he is not going to stand up to them now, particularly when his family has financial interests in china. so i think this is the dividing and stark contrast in their foreign policy issues. joe biden, nice guy, but he will never stand up to china and donald trump has stood up to china from the very beginning and the pandemic has proven him right. ashley: yeah. safe to say that china is really hoping beyond hope that donald trump does not get another four years, right? >> absolutely. i mean i was in beijing right before thanksgiving, right as the chinese initially knew they had a problem but they weren't telling the world. when i talked to a number of senior chinese leaders they assumed joe biden was going to be president. they didn't have anything to worry about. they would go back to the good ol' days when the americans were doing the china niece bidding. when i said, no, donald trump has a chance of winning, i don't think he will be removed from office in impeachment. they were shocked.

they were horrified. they invested a lot in joe biden. they will have a real reckoning, china and trump in term two, he will be tougher than he has so far. ashley: very quickly, kt, president trump will speak at an event for veterans in the next hour. what do you, what kind of message would you like to hear from him? >> well, i think important thing is these are cuban-american veterans from the bay of pigs conflict and the cuban-americans have been strongly for supportive of trump throughout in 2016. today and guess what, they have a swing vote in the swing state of florida. so i think he will do what he has done before, praise the veterans and particularly appeal to the cuban-americans and the cuban-american veterans. why? because it is all about florida. ashley: it is all about florida. you are absolutely right. kt mcfarland, i wish we could speak longer. we're having to move on. thank you so much for taking the time out this morning. >> thank you, ashley.

ashley: all right. always great. kt mcfarland. good rx, going public today. we talked about this earlier. the online drug company pricing its ipo at $33 a piece. when it debuts we'll show it to you. see where it goes from there. show me teledock if you can. they are a pandemic winner for sure, basically flat today. lauren, they're merging with another company, who? lauren: lozango, they analyze data with companies with diabetes and other conditions. they are a technology company and merged with teledoc, provide patients with remote, it is all remote visits with the doctor. teledoc is at 2150. got a boost with upgrade from davidson. the reason they said more people are using virtual health

solutions. teledoc is expanding. they are merging with livongo. they merged with a company called in touch health. ashley: very having, lauren. thank you. if you live on the east coast, it is likely you heard the name yuengling. they are america's oldest craft brewers. they are teaming up with moulson coors to take their beers to the west coast. we say cheers to that. by the way they're both on the show next hour. that should be fun. first the cyberguy, kurt knudsson will tell you how to make extra cash from your driveway? i like the sound of that. more "varney" after this. that's what my dad does.

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ashley: let's check the markets for you. s&p and nasdaq continue to be lower, but dow holding on to gains essentially flat. 27,302 on the dow. global pandemic people want new ways to make money. we know that. let's bring in kurt knudsson, we call him the cyberguy. you have details how you can pick up extra cash from the come forth of our own homes. i like the sound of that. >> ash, it is true, good morning to you, we're talking literally surrounding me is unrealized revenue that could be right in your own driveway or home. we start with something that has been a huge success in the pandemic. right behind me this rv, out dorsey the world's largest rental platform is up 350% year-over-year from last

september. 90 percent of bookings from september are first-time rv users. my buddy rented one with his family about four months ago. he loved it so much, he bought one. and i said, are you going to put it in the rental thing? it is already in there and booked through the end of the fall. just listen to how he is getting $445 a night. >> when i get to take great road trips. when i'm not using it, i can rent it out, another family can take a great road trip and i can get some passive income. >> $1.3 million was earned in a period of six months ending september 15th, from the highest revenue earner on outdorsey. it is a compelling argument for those who own an rv or who may never have thought owning an rv. my buddy whose business sort of tanked, said this is the new way to feed my family.

this is incredible. sitting out there could be a car that you own. turo.com allows you to rent the car not using it. people having second or third cars are putting them in this program. the highest merger ironically a jeep wrangler at 2 1/2 times what you're monthly payment would be. and there is a thing called the carkulator, to find out what your car might rent for to earn extra cash. people behind me here, is website for renting boats around the company. in fact it's a global company. i don't expect you will get profitable with your boat unless it is like a water sport toy but it will offset the overhead to be very helpful n terms of your own garage, home, driveway, extra space around your house, neighbor.com has turned out to be a moneymaker for people where unused space for parking, storage is matched with people

nearby looking to places to put for example, the rv. just a bunch of junk instead of using the storage space to saving money. average earner annually on a garage space, not even all the garage is $1300 for that. if you're going to rent your stuff out, these tips, check for the insurance coverage you have already got. you want to make sure, ash, it is not, not exempted from that. use one of the rental platforms that actually has coverage. and then be very something like that tiff about the renters. all of these platforms let you have control of that. i will list on my blog, at cyber guy.com, sign up for a free newsletter, how to sign up the stuff, make it easy for you, a little later on today, ash. i will post it. ashley: cast nating, stuff, kurt, i'm so glad your friend was able to turn it into a money making venture. kurt, thank you so much. we'll move on. notre dame postponing the game

against wake forester after reporting new virus cases. so what now? we'll ask martha maccallum, her son by the way, tall lentorred linebacker on the team. we'll ask martha about the first debate only six days away. we'll have more 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 retire early and spend more time with his pal, peyton. and their new band. exactly! yeah. don't forget the band. i haven't.

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♪. ashley: welcome back, everybody. take a quick look at the markets for you. we lost some of our i'm. s&p down a quarter of a percent. nasdaq down half of a percent. lacking direction is what we like to call this. all right, we're just six days away from the very first presidential debate which will be hosted by fox's very own chris wallace. can't wait for this. and now we know what the top picks will be. the candidates will face questions about the supreme court, their records in office, the coronavirus pandemic, the economy, the issue of race and violence in america, and election integrity. lots, lots and lots of issues to

go at. martha maccallum, anchor, executive editor of "the story" on fox news. martha, great to see you. >> great to see you. ashley: yeah, look some on the left they are annoyed that climate change is not among the debate topics. what is your response to that? >> well i would imagine it comes up in the records area or in some of the other parts of the debate but i think that if you know, any of us looked at sort of the topics that need to be discussed, if you look at the selection in hindsight, covid-19 will clearly rank as one of the most topics. we passed 200,000 deaths in this country. we're now in the process of hearing from dr. fauci and dr. redfield on capitol hill what they expect over the course of this winter. they have some encouraging things to say, also some warning people need to keep in mind as we move forward. i'm not surprised by the topics. they are what i would choose as well. i think we'll hear a very broad

spectrum. i'm sure climate change will come into the discussion as well. ashley: we tried a number of trump campaign officials on this show that consistently told us that they expect joe biden to perform well. i don't know whether they're sandbagging. they are saying he is pretty good in these situations. however, i asked you, martha, without a prompter and aggression of donald trump, how do you think it is going to play out? >> i think it will be fascinating. why everybody will be watching this, ashley. these are two, you know, president trump has not been on the scene that long. we all know he is a very strong debater. he doesn't hold punches and, he will come at joe biden in a very forceful way. i also think given all of the discussion that we've seen about expectations for joe biden, the game now is to lower the expectations in a way in terms of, you know, the bar as i should say is very low, right? if joe biden goes out there and has a decent night, hold as

conversation that is cogent and people understand what he is saying, there is no big trip-ups, he doesn't ask for the prompter to be moved up a line, anything along those lines, we don't expect there will be one for him, there will be people who look at the whole thing say, well, he won. i do expect you're going to hear after one of these debates the president had a bad night and joe biden will have a good night. it is interesting also to note that we're seeing in some of the polling that a lot of voters do not think that these debates will be the deciding factor. now something, something really big happens, if there are moments that made people pause, to think about whether or not they made the right choice, i think there is room for movement. the undecided voter is in the 8, 9, 10% range in this country. obviously those are the people that these candidates will be speaking to most directly. it will be absolutely must, must, must-see tv when chris wallace talks to both of them on tuesday night. bret baier and i will be there

in the venue. we'll be watching it first-hand. we'll have analysis before and after as well. ashley: terrific. i look forward to it. i can't wait. i got to tell you. i have to mention this, martha, highly anticipated match between notre dame and wake forest has been delayed after, well, what, the fighting irish confirmed seven of their players tested positive for coronavirus. what's your reaction to this? >> well i do have an update. breaking news update on this. the game has been rescheduled for december 12th. it will be played then. i have to say that you know, father jenkins, the president of notre dame, has been really out in the forefront of handling this on college campuses. he was, i believe the first president to say we're going to go back to school on august 10th, which they did. they have paused when they needed to pause. there have been pauses in practice when that needed to happen and so they are acting out of an abundance of caution. they have had an enormous, you know, the vast majority of students who have contracted

covid have already recovered from it on campus. they do a dashboard every single day which shows you the numbers. this is a wise move. i think they women take a pause. they will look everybody down a little bit. they will get back to football what they do, stellar academics. it's a huge week for notre dame as they hopefully anticipate the choice of amy coney barrett who is a notre dame law school graduate and is someone who is widely anticipated to be the lead front-runner for the supreme court justice pick as well. good week for the irish overall. ashley: we should mention very quickly, very quickly, martha, 10 seconds, your son is a star linebacker on the fighting irish. what does he say? is ready to play? >> he is a walk-on. i wouldn't say star linebacker. he is a star in my book every day, of course. but he is a very, he is a very enthusiastic member of the team. i'm proud to wear that gold helmet. they're exciting to get back on the field but they also understand that safety is the

utmost precaution. they have been incredibly disciplined how they have handled all of this. i think everybody is very proud of them. they will be back on the field soon. ashley: we wish him the very best. >> thank you, ashley. ashley: thanks so much for joining us. we do appreciate it. thank you very much. martha maccallum. big show of course for you still ahead. florida senator rick scott, what does he make of mike bloomberg spending $16 million in his state to allow felons to vote. we're also following the supreme court battle with huckabee sarae sanders. james comer will tell us about the dem's effort to delay the 2020 election. we'll find out if joe biden is as pro middle class as he claims to be. so much to get at. we'll be back. ♪

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>> yes. we we will make america well thil again, we will make america safe again. >> markets sometimes get a little ahead of ourselves. whether or not we're going to see the v recovery means to be seen. if we get a w, markets could backtrack on themselves. >> if we get a stimulus bill after the election, we will have missed out on, basically, three months. >> we're seeing all the trends that existed before the pandemic accelerate dramatically. >> echelon and the buying department is the side of the

call that fights crime. yesterday we learned that they were not in full alignment. it was a complete surprise toes us. >> if the market were going to continue to spiral downward, you'd see money flowing into defenses like consumer staples, but that's not what's happening. ♪ ♪ ashley: all right. welcome to the third hour of "varney & company." i'm ashley webster in for stuart varney. it's been a big morning so far. but we're only just gotting started. the markets right now have been drifting, let's put it that way. we've seen the dow start off close up to nearly 200 points, but since it's fallen back as have the nasdaq and the s&p, relatively small down pretty much from the open but nothing too dramatic. there's a live look, by the way, at the white house where president trump is about to deliver a speech honoring the bay of pigs veterans. of course, we'll bring you any

highlights that comes from that event. let's get right to the race for the white house. congressman matt gaetz calling for a bribery probe into failed presidential candidate mike bloomberg. this after the billionaire reportedly is raising $16 million to help convicted felons regain their voting rights. good time to bring in senator rick scott. i never thought i'd ask this question, but, senator, could felons make a big difference in the swing state of florida? >> well, first off, every vote's important in florida. i mean, i've had three statewide elections, and they're very close. so you have to work very hard to get all the votes. the problem that bloomberg has is that money's not going to buy this election. if money bought elections, then michael bloomberg would be the democrat nominee. so if you look at floridians do not want joe biden, so bloomberg's trying to sell a bad candidate. think of how many people have come to florida because they're sick and tired of taxes in other

states, so joe biden's big tax increase is not going to go over well. he apiewzs communist -- appeases communist dictators. we want to hold, we want to do hold xi, hold the castro regime and maduro accountable. on top of that, the democrat party has become the anti-police party, and in florida we're at a 49-year low in our crime rate, and we love our police, our sheriffs and police departments. the denial contract ares last week -- democrats last week blocked a revolution, so the -- resolution, so the problem bloomberg has is money is not going to fix joe bind's problems. ash a ash but what he's doing, it's not illegal, is it? he can do it if he wants to. >> well, the courts will end up deciding. this issue's been going on in the courts for a while, so i assume they'll continue to decide. every vote's important in florida. you have to go out and work hard to win these elections. donald trump has done a good

job, he's done a lot of work in florida, stopping offshore drilling, fixing -- putting up the money to get the dike at lake okeechobee fixed, holding the castro regime accountable, those are big issues in florida. ashley: you know, we just showed earlier as you were speaking, senator, a new poll that shows president trump leading joe biden but about 4 points among likely voters. still very tight, to your point. does florida worry you? >> well, if you look at my race and president trump's race in 2016, the polls always stated we were going to lose. the polls are always skewed to the left, so generally the polls have been off, i don't know, a few points. so i think trump's going to have a big win. i think it's going to mart, you know, the poll that matters is on november 3rd. but i think he's going to have a big win because he's on the right side of the issues, and biden's a bad candidate for the democrats. the democrat party does not fit into what florida voters are interested in. they're not interested in

socialism, radical left. ashley: right. i wanted to get to this issue before we have to let you go. of course, you were the former governor of florida. the current governor, ron desantis, in florida proposing a new bill aimed at cracking down against violent protesters, rioters. in the proposal he's also calling r calling for any municipality that moves to defund the police will lose their state funding. what's your take on that? >> well, i think it's important to stand behind our law enforcement. that's why i did the resolution on the senate floor. i'm cosponsoring a bill with thom tillis to make it more federal penalties if you attack law enforcement. so i think anybody that's going to stand up and defend our law enforcement, i'm going to agree with them. i mean, i love the sheriffs in my state, the police chiefs and everybody in law enforcement for what they do to keep us safe. and they put their lives on the line every day. we lost 51 members of law enforcement in my eight years as governor, and these are people that, you know, it's a tough

job. ashley: it is a very tough job, they're never paid enough, in my opinion, senator. we thank you for your time today though. thank you very much. senator rick scott, we appreciate it. >> bye-bye. ashley: as always, thank you. thank you very much. let's take a look at this now, a brand new op-ed in the "wall street journal" titled "who's protesting now," "the new york times" discovers antifa in the suburbs. let's bring in the author, our good friend james freeman. james, let's begin with, or well, what does this mean for more violence? >> well, i think it's disturbing. it's a report -- good to see the times covering it. it's obviously been covered elsewhere as well. the continuation of violent protests expanding into different areas, mentioned portland and also other cities where we've seen these kind of campaigns of intimidation by left-wing radicals. and i think the interesting

thing is for next week's debate. this is going to be one of the topics, the issue of violence and race in cities and the protests that have come from that. it'll be interesting to see for joe biden who has basically been -- most of the time that sort of violent protest is the result of right-wingers or white supremacists. he's going to have to, i think, reckon with the amount of violence being promoted by. [laughter] -wing radicals. -- left-wing calls. ashley: we had senator, actually, we had a congressman from colorado earlier, james, a republican, who said he's contacted the department of justice. he wants them to investigate who is behind the coordination of these violent protests. he's convinced that there's money involved with groups of young protesters, they're on the move, they stay at hotels. someone has to be orchestrating

this. do you think that's true? >> well, i think that's certainly a good area of inquiry when we're talking about, again, not peaceful protesters, but groups that are not only committing acts of violence and advocating violence. "the new york times" report talks about there was one sort of antifa-led event in portland recently where along with the protesting and the threats of violence there was a collection of books on sale basically about how to destroy property, attack people, talking about violence against police officers. this is, this is really -- i'm glad it's finally getting the attention it deserves, and i don't think it's addressed by both candidates next week, it's a problem. ashley: but it has to, to your

point, james, play in favor of president trump who has made law and order a big part of his campaign. >> well, i think it, we have seen very clearly from a lot of polls over the last several weeks is people want injustices addressed, they -- if there are bad cops, they do want justice to be done, but they generally, as you would expect, like police. they like law and order, they like safe streets. and i think that will be one of the themes next week. mr. biden has kind of tried to generally avoid the topic. he has on occasion certainly said that the violence is not the answer, but i think he is probably going to have to reckon with the amount of violence that is still being perpetrated by people on the left and it's not just the actual violence, it's

threats and intimidation. "the new york times" notes the situation of people demanding that an american flag be removed from a home in portland or they would burn it down. this cannot be tolerated by elected officials and certainly not someone who intends to be president. ashley: absolutely. complete insanity, that's what it is. >> yeah. ashley: james freeman, thank you so much as always, james. thanks for joining us. >> thanks, ash, appreciate it. ashley: thank you. another ipo launching today. corsair gaming. the company founded in 1994, will start publicly trading for the first time today. they're offering 14 million shares with a starting price around 16-18 per share. stay tuned, because the ceo will join us right here on varney as soon as they go public, so we're looking forward to that. all right. september has been a big month

for ipo, no doubt about it. susan, how are some of these companies doing? has it been a good decision? >> coming back down to reality with the worst september we've seen in almost a decade. snow flake seems to be the poster child for ipo mania. last week's debut more than doubling on day one, of course, after pricing its ipo around $120 a share. now, one analyst calls it a sell, the most overrated stock in tech according to some. $100 is a bit more reasonable. unity software, shares at $52, and it was up nearly 6% on day one. or a look at who's actually buying, it's not institutional. it's not the fidel fewses or even the investment banks or the big hedge fund managers, it's more retail traders, mom and pop

bidding up these stocks and as i mentioned before, there are very little shares available for the broader public to buy. so much demand, very little supply, that's when you see this astronomical pricing in debuts. we're still waiting for good rx, still hasn't opened yet in day one today. ashley: lots to look out for. susan, thank you very much. a new survey shows just 13% of people willing to get a krone coronavirus vaccine immediately after its release. that is down from just last month. what is causing the drop in confidence? we'll discuss that. also, a brand new report claims democrats trying to delay the election. congressman james -- will explain how. that story coming up. and potential supreme court nominee amy coney barrett attacked by the left for being a christian and a working mom. former white house press secretary sarah sanders calls this hypocrisy. she joins us next. ♪

♪

>> devout cath lynn luck faith beca point of contention during her confirmation hearing for the 7th circuit appeals court. >> whoever president trump nominates would move the court firmly to the right, making it solidly conservative. one of the leading contenders cleary opposes -- clearly opposes abortion rights. >> she would energize anti-abortion activists and the religious right. >> the 48-year-old barrett is a favorite of religious conservatives for her anti-abortion views. ashley: well, the mainstream

media, as you can see, wasting no time launching attacks on potential supreme court nominee amy coney barrett over her christian faith. and also take a look at this "newsweek" headline. it reads: how charismatic catholic groups like amy coney barrett's people of praise inspired the hand maid's tale. that's from "newsweek." come in sarah huckabee sanders. why are attacks like this becoming so acceptable? >> i find it absolutely disgraceful. and it's such hypocrisy. these are the people that constantly are lecturing the rest of us about empowering women and tolerance, yet the only thing they want to empower is their radical left agenda. it is absolutely outrageous, and we have to continue to call them out, and we are saying enough is enough. we will not be bullied by the liberal mob, and we have to stand up for not just amy coney

barrett, but for all women. and they should be championing the fact that there are qualified women to put on the court. they should be excited about that. but instead they look for everything they can to try to bring her down, and it is absolutely shameful and disgraceful and hypocrisy at its very worst. ashley: a couldn't agree more. sarah, i want to take a look at this new fox news poll showing the voters think joe biden will do a better job with the supreme court nomination. finish so i guess, sarah, biden is not answering questions about the supreme court, or he certainly won't release his picks. i guess my question to you is, is it a strategy that's working? >> i certainly think so. i think the president has a constitutional obligation to nominate somebody. i think the people that he has put out on his list will absolutely energize the republican base. but also at the end of the day, this is the president's job.

he should fulfill it. i think that joe biden, any poll suggesting he's going to do better, how could they possibly know? we don't know what joe biden is going to do other than put somebody that's probably from the very far radical left that does not identify with the majority of americans which is why they're not telling us who they would put on the court. the fact that he is so unwilling to let the american people know the type of person or any of the actual people that he would nominate, i think, is problematic and such a huge contrast to president trump who has put out a list of very qualified individuals. you know exactly what you will get in donald trump. we have no idea who joe biden is going to put, but if it's anything like the rest of his campaign and his rhetoric and the people he has surrounded himself like aoc, then we can only imagine it's somebody from the radical left, and that's i why they're so ashamed to put them out in the public. ashley: i want to quickly, before we have to let you go,

talk about the first debate now just six days away. i can't wait. we know there's going to be six topics including the supreme court, also the economy and race and violence in cities. what do you think voters are most interested in to hear about? >> i certainly think the supreme court is top of mind for a lot of people right now. but at the end of the day, the two biggest drivers that i think particularly for undecided voters are going to be the economy. it always comes back, it's the economy, stupid, it always comes back to that. it's hard to argue that anyone is better off under a joe biden presidency than they have been under donald trump's booming economy that we have seen skyrocket under his administration. deregulation, tax cuts, everyone has done better under this president. i think you can certainly expect that to continue. he's got a proven record after we come out of the coronavirus pandemic. the other thing i think that is

also on a lot of people's minds, they want to know that they can actually be safe in their communities. they want a president who's fighting and standing up for law and order. donald trump has been talking about that since day one. he has credibility on both the economy and law and order. i think those are going to play very well for the president at the polls in november. ashley: i think the ratings are going to be very i high. sarah sanders -- [laughter] thank you so much for joining us. we appreciate it. >> you bet. thanks for having me. ashley: all right, thank you. let's bring in lauren. lauren, what's this about winning money during the presidential debate? >> this story is just for you, ashley. so there is a presidential debate game, and we can all play on tuesday if you have the app called fox bets super six. normally you would use this for sports, but to get americans more engaged in politics, fox is letting them bet on what could happen next week on the debate stage in cleveland. $25,000 is up for grabs.

will president trump and vice president biden shake hands? if. [laughter] or fist bump or elbow bump? who will wear a face mask? what nicknames will be used? so it's questions like that, like i said, you can win $25,000. ashley: like who's going to win the coin toss. lauren, very interesting, thank you. we're going to stay on the election and take a closer look at joe biden. now, he says he is pro-middle class when it comes to taxes, but is he really? let's bring in hillary vaughn live from washington. hillary, does joe biden's voting record match what he says? >> reporter: well, ashley, what's interesting is when you take a look at biden's long record in the senate, at almost every opportunity he voted against tax cuts from taxes that would benefit the very top to some that would trickle down to middle class families and small business owners. so so taking a deeper look into his record, in 2003 he voted against tax cuts on capital gains and has consistently voted

against e any decision to lower capital gains taxes. and, in fact, voted to raise capital gains taxes as well. he voted against $350 billion in tax cuts over 11 years in 2003, much of which would benefit a large strum of tax pay -- spectrum of taxpayers from small business owners to those in the upper and middle class. he also seated against repeal of the -- voted against repeal of the death tax which some create sicks say actually -- critics say actually impacts small business owners, farmers as well when they want to pass down their farms to their children. he also voted against the repeal of the alternative minimum tax in 2007. that's a tax that at one time was considered to mostly impact large families, people who were married or those who live in high tax states. he also voted for raising the tax rate on people earning more than $1 million in 2008. but a lot of this to focus on

what his tax plan would do now, ashley, with a lot of analysis or different analysis of his tax plan now would say it would raise taxes on tupper middle class, and it would -- upper middle class and would impact businesses. ashley? ashley: all right. lots to digest there. hillary, thank you very much. i want to take a look at shopify, if i can, two of their own employees implicated in a data breach, the company saying it affected fewer than 200 merchants. the stock down about $10. also take a look at wal-mart. they're going to to be hiring 20,000 seasonal workers at their e-commerce fulfillment centers ahead of what's expected, of course, to be a big holiday rush. that stock at $138. amazon, by the way, is looking to fill 100,000 new positions to keep up with a surge in demand. coming up, we're going to take you behind the scenes of a brand new fulfillment center where new workers could get big bonuses.

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it's smarter trading technology for smarter trading decisions. fidelity. ashley: let's have a quick look at the markets for you. all of them moving modestly lower. the nasdaq though down nearly 1%, nearly down 100 points. president trumps also speaking right now in honor of the bay of pigs veterans. he's also just announced new sanctions on cuba. the president saying that the treasury will prohibit travelers from staying at properties owned by the cuban government. the u.s. will also ban imports of cuban cigars and liquor. america's old brewer, craft brewer, is akonic -- iconic on the east coast. now they are teaming up with molson coors to take their bierce out west. joining me now is wendy ewing, a sixth generation family member

and the ceo of molson coors, i bush i had some samples -- i wish i had some samples with me right now, but met me start with this, if we can. i want to begin with wendy. why does this partnership make sense? what's behind it? >> good morning. thank you for having me. this is something that's been important to our family. a 190-year-old family company, fifth and sixth generation family business, but we're primarily sold along the east coast, is so we're very excited to expand west for the first time in our company history and do it with molson coors who are world class brewers and operators. it'll give us a chance to bring our beer to consumers that have been asking us for it for many years. ashley: very good. gavin, why does this make sense for coors? >> well, when we launched our revitalization plan -- and thank

you for having me on -- we're looking to grow our top line, and this provides a huge growth opportunity for both ourselves and for the yuengling company. our base, when we go there, is zero, so huge growth opportunity for us and right in line with the plan we launched last year. ashley: interesting. next one's for you, wendy. maybe the changing taste the, in the last year you've launched a low carb beer, also a chocolate porter -- which sounds lovely, by the way. are consumers' tastes changing? >> yeah, i think so. i mean, we're a company that's built our core brand, so we're known for our lager, black and tan and golden pistoller in, and back in march of this year we launched a low carb beer called slight which has had tremendous success for us. and last year around this time we prosubstance abused our more -- introduced our more --

we've got some news to share on that in the coming days which we're very excited about. ashley: fantastic. gavin, want to ask you quickly about talking about changing tastes, the younger generations haven't been so much beer drinkers. they've gone towards these hard seltzers. have you seen that trend, and how do you respond? >> we've certainly seen that trend, started a few years ago and has accelerated as it's gone into the pandemic. we responded with two new brands, we launched at the gunning of the year which has a clear point of differentiation and coors seltzer which we launched just a few weeks ago. with its rocky mountain water refreshment is placed perfectly into the hard seltzer space, so we're particularly excited about both of those brands. busy is a top brand on nielsen

and coors seltzer has got off to a tremendous start. it's only been in the market two week, so we're particularly excited about both of our new launches. ashley: very good. wendy, just a quick question for you. how has the pandemic impacted your sales? some, as we know, some companies have benefited from a lockdown. are people staying at home and ordering your beer to drink? >> you definitely see more at-home consumption,s but for us it's really hurt with the on-premise, the closure of bars and restaurants who are great partners to us. our brands do really well in draft. but i think you're also seeing consumers returning to tried and true brands that they know are staple companies like yuengling, so we see improvements, but we're hoping the bars and restaurants can open up again soon. ashley: you and many others. wendy and gavin, thank you both for joining us. we wish you the very best of

luck with your new venture. thank you for being on fox business. >> thanks for having us. >> thank you very much. ashley: all right. next case, restaurants in chicago fretting how to survive of the brutally cold wasn't with restricted indoor dining. it's a question that many in the north are asking. let's bring in grady trimble live from chicago. grade duh, what plans are in place to get patrons dining out in the cold, so to speak? >> reporter: well, they're trying to drum up ideas, but it's going to be tough, ashley. we're at an iconic restaurant here in chicago, and they've been around since 1941. frank sinatra has eaten here, lucille ball, but now they're worried as winter approaches, they might not hang on for much longer t. city has started a design competition. i want to show you some, people came up with ideas like or storage containers or, little igloos in places where people can fit with their own private

party where they're protected from the elements outside. but the problem is, as michelle the owner here will tell you, you just don't have the money to spend on things like that right now. >> that's right. i appreciate the creativity. of course, we all do as the restaurant community here in chicago, but the reality is, you know, with some of the permitting requirements and the space requirements, it's just not financially feasible. >> reporter: and so what you really need is indoor dining to expand capacity. you have about fewer than 40 chairs out here. if you could expand to 50% inside, you could get up to 140 seats. >> that's correct. every we have about 36 seats outside right now and 67 inside, so that 50% increase gives us that fighting chance to at least have some volume to make numbers that will help us sustain through the winter. >> reporter: and, ashley, that's what it's all about, that fighting chance. a lot of people really aren't comfortable eating inside e yet, but at least if you expand capacity, they have that option. of course, restaurants also would appreciate any help they could get from the federal government as well. ash? ashley: yeah, i'm sure they

will. all right, interesting stuff. grady trimble, thank you. a brand new report claims that the democrats are trying to make last minute changes to voting to help boost their chances of winning the election. the congressman behind that report will join us live coming up. but first, today is amazon career day. they are looking to add 100,000 employees. jeff flock is live at a new amazon facility in illinois. he'll join us, he'll join us next. ♪ ♪ you're clearly someone who takes care of yourself. so when it comes to screening for colon cancer, don't wait.

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♪ ♪ ashley: quick check on the markets for you. major averages, as you can see, down on weakness in big tech in particular. nasdaq down around 1%. now let's take a look at twitter, if we can. that stock is moving higher, up

8% after pivotal research group upgraded them to buy. that stock, as you can see, up 46.23, up $3.50. take a look at nike, they hit a record high after posting huge numbers last quarter. online sales led the way, up more than 80% in the quarter year-over-year. that stock up, as you can see, 9.5%, nike at $128. let's bring in lauren simonetti. what's the latest on this conflict between amazon and echelon? >> what a story. okay, so echelon fitness launched a $500 exercise bike called the prime bike developed, they said, in collaboration with amazon. amazon said, uh, no, that's not our product, and they told echelon are stop selling it. well, on this program earlier echelon's ceo clarified. >> echelon and the buying department decided to call the

bike prime even though all the correspondents and our purchase orders call the bike the es prime bike, yesterday we learned that the internal amazon team were not in full alignment. it was a complete surprise to us. you know, we are planning on rebranding the bike, and echelon is excited about the strong relationship with amazon. >> so the bottom line here, ashley, is that customers apparently want to work out from home at a much cheaper price than peloton offers. echelon's prices is about a third of peloton's. and news that amazon is not involved in virtual fitness is sending peloton shares to a record high. just moments ago. [laughter] ashley: -- >> ashley? ashley: all right, lauren, thank you very much. i thought we were going to get another sound bite, i have no idea why. but what a fascinating story. talk about getting your lines

crossed, somewhat embarrassing, but there you go. take a look at amazon, if we can, they are adding 100,000 employees. guess what? jeff flock in the middle of it life at a new -- live at a new amazon facility in illinois. all right, jeff, give us a tour. >> reporter: i guess pretty much fitness bikes is the only thing amazon isn't in, apparently. you are getting, ashley, a first live look inside the latest, newest amazon fulfillment center. this one just outside chicago. there's more than a hundred new buildings including fulfillment centers that amazon is opening this year, and here's the headline, they need people. look at all these racks, empty right now because this place has just opened, they're just getting it up to speed, but they need 100,000 people to do all the work. it's pretty crazy. and, in fact, at this location they're even offering $1,000 signing bonuses to, you know, come in and populate this place because they need hundreds of folks. and here's all your stuff. this is where they store the

stuff waiting for somebody to buy it. i don't know if you spin around -- here, i have a question for you. what do you think the biggest selling item in this fulfillment center is? take a guess. a. ashley: i have no idea. i have no idea. you're going to have to tell me. >> reporter: it's not squatty potties, they've got a lot of those here -- [laughter] but if you know what that is, baby diapers. baby diapers, biggest seller. there you go. ashley: wow. well, there's so much we could say to that, jeff flock, but we won't. always fascinating to get inside these amazon facilities, especially when they're the up and running and humming along. they are fascinating. jeff flock, thank you so much. appreciate it. a brand new report claims that the democrats' push for mail-in voting raises some serious questions about election integrity. one of the authors of that report, house oversight committee member james cuomo,

he'll join us next to explain. ♪ ♪ (♪ ) keeping your oysters growing while keeping your business growing has you swamped. (♪ ) you need to hire

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ashley: l. let's take a look at the tes, hitting session lows, down nearly 9%. susan, what's the news here? >> the latest news is that there ises a global outage on tesla's internal systems according to electric, owners can't connect to their cars through the mobile app internally. tesla is unable to process deliveries and orders. however, electric says there is some connectivity in two out of three car owners seeing some response. on the system itself. now also some other breaking news, this is coming fast this morning on tesla, looks like they're i suing to block the trump tariffs, this pertains more to the computer screens and the display screens that are used in the model 3 electric cars that are made in china. it has nothing to do with the cars themselves.

now starting off this morning with disappointment over battery day and the announcements yesterday. elon musk, yes, touting a new battery, but it won't be produced in size at least for another three years. however, he says we might get a $25,000 self-driving car in three years and producing 20 million vehicles each and every year. as you know,, ash, elon musk, he hypes up a lot are, delivering is still a bit, i would say, spotty. ashley: yeah. yes, i would call battery day underwhelming. all right, susan, interesting. the stock taking a hit today. let's move on. two top republicans releasing a report this morning, how democrats are attempting to sow uncertainty, inaccuracy and delay in the 2020 election are. let's bring in congressman james como, ranking member of the house oversight committee. and, by the way, one of the authors of that report. congressman, good morning to you. what the heck is going on? >> well, jim jordan and i are trying to bring attention to the

fact that many blue states are trying to change the election rules in the middle of the game. they're sending out new guidance to all the election officials in their states, making it much more, much more -- they're making the rules more liberal, making it much easier for election fraud, and we wanted to bring that to attention because the momentum has clearly shifted in this race, clearly on the side of donald trump and the republicans now, and i think the chem -- democrats are trying to overreact by changing election rules. ashley: you know, there are a growing number of people, and stuart varney on this show has talked about it often, he believes that come november the 4th we are not going to know who won the election. it could be days, even weeks, and god forbid more before we actually get a final tally. do you agree with that? >> i agree completely, and that's very sad. one of the worst rules that's out there now is the fact that several states say you don't have to have the ballots in by

election day. in fact, many states it's unclear how many days after the election the ballots can come in. nevada just recently changed their rules and said the ballots received after the election do not even have to be postmarked. this is the sort of thing that jim jordan and i are trying to highlight, and this is a concern that every american should have right now. ashley: well, your report is highlighting this, congressman. but what ultimately is going to come of it. i mean, what's going to stop these states from moving forward with these changes? >> well, i think that a real scenario here is that donald trump ones the popular vote on election -- wins the popular vote on election day. republicans are going to vote in person, they know the safest and most secure way to vote this election will be in person. dr. fauci has said it's okay to vote in person but nevertheless, there'll be a significant number of absentee ballots both by republicans and democrats, many more by democrats. and i think that if people see

election night that donald trump's a clear winner, but over the course of days and weeks, more and more of these absentee ballots mysteriously start appearing in these blue states that have changed their election laws, then i think americans should be concerned. that's why we need to fill the vacancy on the supreme court. this election could very easily come down to the supreme court just like gore v. bush did. and i think that it's very important that the american people see exactly what the democrats are trying to do. the momentum has shifted, and they're trying to change the rules in the middle of the game, and i don't want to see that happen. ashley: all right. we'll is have to leave it there. congressman comber, thanks for joining us. it'll be interesting to see what kind of reaction we get from that report. thank you, congressman. >> thank you for having me. ashley: i just wanted to check gold quickly. susan, a new report saying that gold, while it isn't a top asset anymore -- >> no. currency,. [inaudible] it's not just one, it's not just bitcoin. that index is up 66% so far this

year, surpassing the 20% returns that you've seen for gold. investors typically run to digital currencies as a store of value when central banks are printing as much money as they're doing right now, and that means currencies weaken as a result. another i emerging use of cryptocurrency, typical lending and borrowing. this allows you to earn interest and savings like bank accounts, and you completely sidestep the traditional lend arers. and what do you think, ashley, i'm going to convince stu of cryptocurrency and bitcoin? one day? ashley: not in a month of sundays. he's never going to touch it with a 20-foot pole, let alone a 10-foot pole. you can keep trying, susan. thank you very much. you can keep trying. markets moving lower, we'll have more "varney" after this. now is the time for a new bath from bath fitter.

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♪. ashley: all right. let's take a quick check of the markets. if anything taking another leg down. the dow off 100 points now. the nasdaq down 1 1/3%. s&p down close to 1%. let's get a quick check of johnson & johnson are beginning phase three trials of a one shot vaccine. that stock on a down day up 1%. johnson & johnson at 145. a new poll shows only 13% of people would take a coronavirus vaccine immediately. 23% say they won't take a vaccine at all.

that could mean that the vaccine will not be the silver bullet the economy is hoping for. we shall see. "friday feedback." email us, go to our twitter, facebook pages. we want your questions, comments, yes, even your videos. you may be featured on our "friday feedback" segment. we're out much time. david asman in for neil cavuto. david: can i put in a video? ashley: yes. david: i'm david asman, and this is "coast to coast. i'm in for neil cavuto today. despite struggles from the pandemic, restaurants are still making deals. fat brands ceo joins me to talk about his acquisition of johnny rockets and a lot more. big news from tesla