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tv   Varney Company  FOX Business  September 29, 2020 9:00am-12:00pm EDT

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will. >> thank you dagen mcdowell and steve forbes, "varney & company" begins right now. stu did you happen to see the strike i threw over the plate. stuart: i thought it was a lobby over the catcher's head and he dropped perfectly in the strike zone, that's pretty good. >> thank you so much. stuart: good morning maria and good morning, everybody. tonight the first direct face-off in the first plot between the candidates in the 2020 election. no avoiding the question and no help from a teleprompter, 90 minutes of political theater.
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they will go through the issues and this is television where tone, style, emotion are very important. my opinion, biden's job to survive 90 minutes, holding his focus to making sure there are no serious gaffes. the president will no doubt attack his style but not come across as a bully he doesn't want to stir up the sympathy vote. here's another opinion, and absolute catastrophe the media will declare biden the winner. let's get to the market, pretty much on hold maybe waiting for the debate the dow is down 11 points, the nasdaq 1026, 25, s&p down near two. not much movement, speaker pelosi has proposed a 2.2 trillion dollars stimulus plan and the house may vote on it, a key point in sticking point contains $436 billion for state and local government, the republicans do not want that, and $25 billion for the
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airlines, 30000 airline furloughs on thursday if they do not get the money. today is the day when amy coney barrett goes to capitol hill and between nine republican senato senators, that is today, preparation for next month syrians. six democrat senators including chuck schumer refused to meet with her advice presidential candidate kamala harris says she has no plan one way or the other to meet her before the hearings. how about that. a big show, will tell you how the democrats have turned virus aid into tax money redistribution, corey lewandowski and senator arsenal blackbird on the supreme court coming ordeal. "varney & company" is about to begin. ♪.
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stuart: pump it up all right. all eyes on cleveland, ohio tonight, and a matter of hours trumped in biden finally face off at the first presidential debate, a record 84 million people watched hillary and donald trump in the first debate 2016, i am pretty sure that record will be shattered tonight, you might see 100 million viewers, fox news anchor and moderator chris walsh included the virus, the economy, race relations and more, fox business will have special coverage starting eight eastern in the main event starts at nine, that is president trump in joe biden for 90 minutes with no commercial breaks. no commercial breaks, to the market, what happens to stock prices right after presidential debates, since 1960 there has
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been a trend in stock prices. let's get on with it, susan what is the trend. susan: the day after on average, five days after, ten days after even a month later, we did not have television presidential debates until the 60 with kennedy versus nixon instituted this practice. you remember that very well. remember the hot lights and no make up for the day after the s&p 500 is slightly down .3% the day after the first debate but taken out 30 days in a broader benchmark is down around 2%, 2008 and the financial crisis skewed the average and remember there were any debates during the lyndon johnson years up until 1972, wall street investors have largely viewed trump as more of his entered business friendly and biden were high corporate taxes and some argue might way in the short r run, the economy is considered the most under most important
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topic then biden he will punch harder on coronavirus according to the abc news poll, what do you think is over under on 100 million viewers across all platforms. stuart: slightly on the under. ashley: i will go over then. stuart: will meet again tomorrow morning if we get the numbers by then we probably will because people jump on the numbers. market watcher mike murphy is with us. there is a poll and it shows only 3% of voters will decide who to vote for on the basis of tonight's debate. let's you and i talk about investors, they will pay very close attention to this debate, what do you think is going to happen. >> good morning stuart, i'm with susan i'm over 100 million. but i think everybody's going to be watching this debate tonight but i don't know investors will be looking to make decisions on whether to buy or seo luncheon sell based on the debate. one thing i will watch closely is that president trump can have
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a decided victory in the debate tonight. if he can and if we can start to get away from the thought of possibly a hung election or an election that does not have a clear winner, that would be negative for the market, if we can distance ourselves from that and if we can call a clear winner on this i think the market would take that as a big positive and despite pullback we got in the last month would be a race and i think a lot of money would come in. stuart: the mean express an opinion, despite what the big investment firms are saying i think most investors really want president trump and not a present invited because most investors believe that a president biden, especially fils got a democrat senate would be a disaster for the economy, am i going overboard here? >> i don't think you are at all, if you are a small business owner, you want less government
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for the most part, you want what president trump was able to do in his first four years in office before corona came, you want that type of environment because that's when you have low unemployment, wage increases, now you're paying home values increasing, you want a president who is going to be pro-business, not a president that is pro-big government, when you boil it down that is a career at your clear-cut decision, trump is pro-business and biden is not. stuart: what really makes it win or lose is not so much win or lose on the issues, it is win or lose on your style, how you present yourself, does the audience want to see you on tv for the next four years every single day, it comes down to that doesn't it. >> it really does and that's where president trump has his own style, some love it and some do not love it but one thing i
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would be telling the president and i know he's a big fan of yours, he does not want to come across as a bully tonight, i think on the merits when it's man versus man on that stage, if you're a betting man it's a pretty easy way your money will go on president trump, he has a style in the substance in the track record to really beat biden in every single place where they can have a head-to-head and if it comes down to coronavirus, i think that biden loses and loses terribly because president trump can point to what he did to stop coronavirus from getting worse in this country. i think the main thing for president trump would be not to come on too strong, beat him and beat him handily but not to come across as a bully. stuart: i put you down as a trump supporter, thank you very much will see you again soon. president trump has announced plans to distribute 150 million bit lab rapid covid test. that would be a 5-dollar test
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with results in 15 minutes, real game changer would you say. >> i would say so, i think it is a game changer because it is so rapid, only $5 per test and they're talking about sending out 100 million test right away, the accuracy is 97% if you're symptomatic or if you have virus in your nostrils. this is extremely accurate it will be helpful in schools in nursing homes because nursing homes as you know one person gets in the whole nursing home gets it, will be able to test everybody in nursing homes, this speaks to the whole idea of the innovation and biotechnology that we see coming out of the administration right now and we also to saliva test, sorrento, both have saliva test but have emergency use authorization were moving into the air of rapid testing and rapid results and if
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you have to wait days it's no use whatsoever but were moving to where we can have the results right away, extremely accurate very cheap and hundreds of millions of doses. stuart: when you say result very quickly, what i want is an instant test, i want to be able to spit in and say yes or no, you have it or you don't have it, when do i get a test like that. >> i say this qualifies, i know how inpatient you are but this test is 15 minutes i think even you and you can wait 15 minutes for results, 18 days is ridiculous. stuart: thank you very much indeed, we will see you again soon. kay schuler investigates the housing market prices they are out with the result. susan: year-over-year it rose 3.9% in july, that's pretty significant because that matches the fastest annual growth since
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december 2018, the second-highest or the highest is the rising home prices with 4% and is still hovering near the record levels, i think that's very important especially as housing drives one fifth, 20% of the u.s. economy, charlotte reported the highest year-over-year increase in home prices. stuart: why am i not surprised all right thank you, look at the futures again, we are going down ever so slightly pretty much across the board, tuesday morning now this one, the democrats have found a way to redistribute your money, how do you do that you stay on lock down mode and you rake in the cash, i have evidence of that coming up for you. less than 12 hours from the first presidential debate joe biden has called early lids stopping the action, dodging questions but tonight he cannot do that, "varney & company" just getting started.
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stuart: flat to slightly lower is my judgment on the market before tonight's first debate, no surprises and not that much movement so far. ubs says by gold, 1800 bucks an ounce, down from 2000. susan: in insurance against uncertainty with election and a covid second wave, gold prices shot through record above $2000 and-ounce going back the last few weeks to 1800, ubs says the
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stick idea, a good entry point with interest rates expected to stay low at least for a while, gold is cheaper to own because you're not i missing out on higr interest rates. they say gold will get to twitty $100 an ounce next year, you might make 300 bucks. stuart: what is the etf gld, just etf gld. ashley.susan: that is the gold s not if you want to own stock itself. stuart: i guess i'll buy the little coins and bury them in the backyard. you can't win. senate judicial chair lindsey graham will meet with am amy coy barrett, marshall enter marsha blackburn joints is now. can you see anything that starts a vote in the confirmation of
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the judge before the election? >> there is nothing that stops the vote, we know that senator durbin has admitted as much as this weekend on tv of what they're trying to do is delay and what they're trying to do is reframe the argument and the treatment that they are giving judge barrett i think is incredibly inappropriate. they did this to justice kavanaugh and it looks like they want to get back to their old tricks. but to say we need to investigate these adoptions from haiti of the two children that they have adopted, i think that that is so unseemly. stuart: that is grossly unfair and it is a kavanaugh style tactic, i believe you meet with the judge on friday, is that correct? >> yes, i do. stuart: any idea what you will say to her. >> i am going to look at some of
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her writings and opinions and i want to talk with her about her philosophy of the government and how the judiciary works and i appreciated being at the white house on saturday and hearing her remarks there and knowing that she sees the court as acting on policy, they apply the law, they do not make the law, what the american people want, what tennesseans want is judges who will apply the law. stuart: i would like to talk to you about china before we get into the conversation i want to show you what joe biden has been saying about china. >> do you believe russia is an enemy. >> i believe russia is an opponent. i really do. >> to think china as an opponent. >> china is a serious competit competitor. stuart: he thinks china is a serious competitor, what do you say that.
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>> joe biden needs to realize china has built and economic model on stealing our intellectual property and reverse engineering in many of our inventions, he has -- china has seriously damaged our nation economy, look at what they did to us with covid-19, look at what they have done with pharmaceuticals that are contaminated because they have shift back into our country and look at how they have withheld active pharmaceutical ingredients that are necessary components and drugs, look at what they're trying to do with huawei and how they're trying to build a spy network, how they are using apps, by the way joe biden look at how they have banned every app, us-made app and they are throwing such a fit about tiktok, this is not a level playing field with china they do not wish us well, they
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are not trying to come into the community of nations, they want the community of nations to be subservient to them in joe biden needs to realize that things have changed, they have changed over the last 50 years. stuart: odds are it will come up tonight. senator marsha blackburn, thank you for joining us on a busy day. very much indeed. i have a story about microsoft. they got hit with a global outage, actually i got hit after programming and walking into my computer first thing this morning. tell me what happened. lauren: i got hit as well last night, what happened they are in outlook e-mail and their teams workplaces were shut for several hours started around 5:00 p.m. and lasted around four hours before microsoft was able to restore the service and people were trying to login and they could not and the reason was microsoft had an update which
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messed up their cloud services which is interesting the old days you say this is 5:00 o'clock on, no big deal but no, so many people in the work from home environment are doing most of their work later at night, half of the chat volume happens after 5:00 p.m., so this night outage affected so many people who are actually working. >> i did not think about because i mostly from 8:00 o'clock at night until 12:00 o'clock in the morning. i missed and i did not get it until i got to my office at four. we're gonna show you how the markets are going to open this morning, same story, flat to slightly lower and advanced to the first debate. we will be back. ♪
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stuart: the markets are literally moments away from opening up, it looks like we are going to be slightly down, i want to bring this to your attention a professor is warning that the next few weeks will be rough for the market but the
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professor says, 2021 will be good for the market regardless of the election outcome. i've got everybody with me, working to go around the horn, what you make of the market good in 2021 regardless of who wins the election. ashley: i disagree and i think most people would think donald trump better for the economy than joe biden no doubt but beyond that and let's be honest when a vaccine becomes widely available, goldman sachs believes that that will be at the end of the second quarter next year when it will be truly widely available, consumer spending we know accounts for 70% of the u.s. economy, a vaccine is the one thing that is good confidence a good for the economy good for the market. that said the year of the big tech, historic low interest rates from the pursuit of growth, any growth and that's why we've seen the same big five tech giants if you like continue
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to benefit, with a vaccine available economically sensitive companies will make a comeback, they're the most to lose on the way down in the most room to recover on the way up, maybe disney, airlines, cruise lines, hotels, that kind of thing. stuart: wharton says the market does 12021 regardless of the outcome what do you say. lauren: i think he is saying so many investors are sitting on the sidelines because this is too volatile and too uncertain and there sitting on the sidelines for months, $4.4 trillion in cash sitting there with a investors not sure to get back in, you have sideways trading that could be what he's talking about and as actually mentioned, a vaccine that will be the focus no matter who is president, stimulus and rebuilding the economy that has been crushed by the environment. you can look at tech if both
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show a light hand which the industrials the most loved sector, they will do well if either candidate wins because infrastructure. ditto for energy whether it's green or fossil fuel, these are some of the sectors that could do well in the whole economy in the immediate aftermath of whoever wins. stuart: susan what you got. susan: let's look at the gold branded goldman sachs, j.p. morgan, goldman sachs and morgan stanley lowering the fourth quarter gdp forecast over the past ten days and their concern over the lack of a second round of stimulus in a second wave of covid, that has been priced into the market for september and nearly a decade, i was reading the credit suisse analyst note what abiding victory might mean for the stock market, they recommend a hedge for the stockmarket january but if democrats win the white house, keep the house and maybe get the senate, all the spending will be good for value plays with the
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industrials of boeing, the caterpillars in rotation away from technology. stuart: you are wrong, biden wins and he takes, the market goes down in 2021, that is my honest opinion. the bell is ringing to, one, boom, 931 eastern time i don't expect that much movement out of the gate, we have opened we are down as expected just a tiny fraction up about 30 points on the dow industrial, plenty of red spread across the board, and 26 -- 2425 in the dow 30 in the red as we speak. that is a fractional loss for the dow, the s&p pretty much the same story at fractional loss, the s&p is down and we will get there but it's down a tiny fraction and i think the same is true for the nasdaq, down, there's s&p virtually on check
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in the nasdaq composite, i will call that flat as well, down .02%. we are getting headlines from the governor there. susan: a voting member which is important in calling on congress for more's fiscal stimulus and the risk to the u.s. economy from the pandemic still remains despite the progress and he does not expect employment to return to pre-pandemic levels until 2023, that is a few years off but he does say the delinquency is down and we need a second stimulus plan and nancy pelosi came out with 2.2 troy again and we see if it'll get passage in the senate, the house is eager to vote on it. stuart: we got that. he says we need more stimulus, that is from president harker, that is not affected the market, we are down across the board. let's go through sectors, big tech, alphabet and facebook, amazon, apple microsoft down,
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not great movement in any of those stocks. the virus vaccine makers always in the news, again most of him on the downside but not by much, the airlines, speaker pelosi new stimulus package includes $25 billion for the airlines, they have not got the money yet and that's a discussion about the new package, they are all down and down about 1% pretty much across the board, i want you to take a look at fedex and ups, both getting upgrades as we head into the online holiday shopping season. the upgrades come from deutsche bank in keybank but both ups and fedex are down ever so slightly in the early going this morning. the retailers, new report on them, it shows bankruptcies and store closures hit records in the first half of the year, no real surprises there after all we got hit with the virus in the first half of the year, lauren i will start with you, the retail situation is really looking pretty grim.
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susan: many of them struggling before the pandemic, what about the mom-and-pop scum of the companies with the ppp loan, they can't afford the bankruptcy process so they will do everything they can fighting to the nail to stay alive but when the loans dried up in the winter comes, think restaurants, you cannot operate outdoors and with the lack of fiscal stimulus, what if they cannot adapt to the new reality, this number can get much, much higher. ashley.stuart: were talking abot brick-and-mortar. lauren: we are talking about record bankruptcy, record closures of the first six months of this year and then you out on the retailers that are been filing from july to august and talking about the brooks brothers, ann taylor parent, that means we are looking at 22 and county and the number of
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retailers that have closed up shop surpassing the 48 back in 2010 after the global financial crisis. stuart: what you have on retailers. ashley: last month 424 companies have declared bankruptcy, that's across-the-board according to s&p global and those include the well-known brands that we talk about, j.crew, jcpenney, neiman marcus and on and on, that will grow because as the economy slowly returns, social distancing and the reduced store capacity makes a proper recovery basically impossible but it's not just retail and consumer driven companies getting hammered, the industrial and energy sectors together accounted for nearly 100 bankruptcies, you can throw in herds global, petroleum just a couple in some they rearm merge from vagrancy but many will not in the list is growing.
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stuart: were buying a different kind of thing, it's been a long time i've seen a man walking down sixth avenue with the suit on. you do not see it this day, no wonder box brothers is gone. fast food chains, they are rolling out specials, please tell me this is not about spiced pumpkin lattes is it. lauren: may be partially, that the new menu item that keeps it fresh, i think the fast food chain, starbucks, not really fast-food but you can get your item quick, mcdonald's and wendy's are doing well compared to their peers because they have drive through's, i discovered the drive-through window became a mother, you don't have to take your kids out of the car is very easy, i think the whole world has discovered how useful the drive-through is and that is why some of the names are doing better than others. i got that no mention of the banking jalapeno cheeseburger.
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lauren: it's amazing, i will mention this, i wrote it down, the number eight at wendy's, the pretzel bacon cheeseburger. stuart: you mean number eight on the menu list or order preferences. lauren: no on the menu list, i get the number eight, new item it's really good. stuart: are producers figur we e crazy they want us to move on from the jalapeno burger. lauren: let's talk about mcdonald's, mcdonald's can really think the rap star travis for store traffic in september and grabbing market share because i know you love travis scott and know exactly who he is, they have been taking foot traffic away from jack-in-the-box and taco bell and according to research, mcdonald's traffic was only down 25% that's better than july and august thanks to travis scott. stuart: my idol, what a guy.
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actually let's not leave you out of the fast food chain, what you got. ashley: i'll take a number eight to go. thank you very much. starbucks up 17% for the quart quarter, let me just say this, i think it's one of the companies benefiting from a pent-up demand to get back to normal, we all remember those days, morning commuters almost zombie staggering into a starbucks on the way into work, that dynamic slowly returning we see traffic picking up steadily from july to august to september. yes you cannot discount the pumpkin spice latte not only for the taste but a tiny piece of normalcy. stuart: normality. ashley: i'm gonna say normalcy because in my world that's a good word. stuart: pumpkin spice latte, one of these days i will try one. joe biden is finally going to
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face president trump during tonight highly anticipated debate, w will he stumble like u did during the democrat primary, you gotta remember this. >> if you agree with me go to joe 30330, play the radio, make sure the television excuse me, make sure you have the record player on a night. stuart: we may be getting a little cruel, is this why joe biden is calling early lids and stain hush in his basement. maybe. those gaffes are not just limited to joe biden, here is his running mate latest gaffe, robot tape. >> yes she was part of our culture. yes we wear those notorious bid t-shirts with a lot of pride ♪ ♪
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stuart: oil $39 per barrel edging lower, the price of gasoline edging lower, national average is $2.18, 1 cents down from yesterday, cheapest gas in mississippi, the average $1.84, the highest price would be california where it is $3.21 for a gallon of regular. i am going to show you tesla, what do they do this monday, the market is open, down 415, what is this about elon musk saying that company tesla is overvalu overvalued. susan: he said tesla stock is a bit high and doubling down on the statement in the podcast conversation listening to the hole for our and elon musk saying tesla may be overvalued at least for now but worth more
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in five years and disappointed with the coverage and we know the stock fell in the 24 hours and he was also asked who he would vote for on november 3 an interesting exchange, take a listen. >> do you like him, are you voting for him? >> to be totally frank, let's just see how the debates go. >> that's going to be your thing the debate. >> is probably the thing that will decide things for america. >> why is that. >> i went to see a bidens got it together. >> if he does. >> if he does he probably wins. susan: those are his answers. stuart: indecisive, which way. susan: i don't think he wants to put out there which his
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political leanings are, the fact that he's a capitalist in a climate change guy, i think he has conflicting interest. stuart: he says he wants his satellite service, he's gonna go public without. susan: star link is elon musk's adventure to send it into space to provide high-speed internet access for areas hard-to-reach and pretty much everywhere else in a tweet he says ipo star link but only several years into the future when revenue growth is smooth and predictable, star link is expected to bring in and make ten times more money than the spacex rocket business worth around $30 billion each year, star link in spacex was valued $42 billion in private around. stuart: he is the boring company, tesla electric car company, spacex, nero link, the brain with the computer and he has a satellite link, star link,
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all of that, he started all of those companies in the last 25 years. susan: some people say he might be the richest man on the planet one day. stuart: i don't care about riches, i think he's genius. not just talk about or the visionary but do it. that is something else. >> he has the personality to match to. stuart: hats off to elon musk. i never used to say that but i do now. electric vehicles, show me nikola down 18 bucks a share, down 4%, trevor milton, has more problems. susan: he was supposed to be the next elon musk in a troubling story affecting the stock down 4% to women including his cousin have come forward to accuse the billionaire electric truck founder of sexual abuse alleging improper groping and both women to the incidents took place when they were both 15, both allegations are from 20 and 15 years ago, milton's female cousin has made the accusations
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of social media the second accuser said she was abused when she was working as an assistant in a security company that milton was running at 2004 and three spokesperson he strongly denies these allegations and he calls false all legations and declined to address the specific details of the woman's complaint, milton stepped down in the sec and the d.o.j. reportedly looking into the false statements of demonstrations that the company may have provided. stuart: $18 a share for nikola, i remember when it was 60 or something like that, above 50 that is for sure. susan: i was trying to think what the introduction was. these are record low levels. stuart: let's get to apple, why not, down a fraction, 77 cents down, they are not great long-term as many people believe. a rare negative on apple, mark douglas is the guy who is with us making the accusation, ceo of
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steel house, apple not as good in the long term as most people believe. make your case. >> it is pretty simple, apple passed growth has been product innovation which has not been a significant amount of, a th atc i aon cononnuon ton t amilk phehesctea aer a av eyear pyedu pctrodu tsyav lereedined sinedn t have havotat he t wl wndhandndhe t lynlys irossnd a eni ening thhhepphe s arendre ath oth oth rvicserv i tpptopp isre beg attdneg a nopoly epolyue epoue o tha thaha investigedig batedat fer f f .orngogo. hii tnkhahator flaothe s aleucecesseorssmu for,t' at' wneyp t o fmu flaormuhalaorst nb fan gcinndnn n ou touourocts ts t thay t u use as wl. w strtuart: i i wou w'vee ththe opopte wopn in c c coo ee aables, i've beeen seeingee a lot ot ot oe w oithit applepp wh and itan's a's aealt aide aid as
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lling llintremtry wtrell aell ay profitable i would've thought that the new product area which could be expanded which detracts from your long-term not so good argument. >> there is some perspective but the apple watch was introduced to 2014 and were now going into 2021. their speaker the ipod which competes with the amazon echo is distant in the market, they just really haven't had the innovation since it passed away and it's a loss product that steve jobs had an influence in. what you see happening is a company becoming a financial company in rather than a great product company, they iterate on the product but is not the same innovation and it's going to hurt them long-term. stuart: wait a second, before you leave us with the financial company, then $200 billion in cash and in all different areas,
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their milking services left right and center, i am out of time but i would not a thought that detracted from the profitability long-term. >> it contributes to profitability but not the formula that keeps them at the market either. the get elon musk, innovation, innovation, not happening at apple. stuart: you made your point and susan is not in agreement with that. susan: i disagree with low innovation at apple they are doing very well and wearables will be a bullet for the next quarter. stuart: i got somebody on my side. we will see you again soon. 35 days until the election of president trump stays busy on the campaign trail, look at this, the jampacked schedule this week, he is all over the place in the next week, that is a fact, joe biden calling liz again, is this is campaign strategy to avoid moments like this from happening again.
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>> i'm not over time he spoke over time and i'm going to talk. >> i know how you cut me off but i'm not going to be quiet anymore. >> why am i stopping no one else stops. stuart: you cannot do that tonight, no stopping, no interrupting and no walking away. 90 minutes commercial free. we are going live to cleveland next. ♪ are you frustrated with your weight and health?
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stuart: all say it again 12 hours for cleveland debate protests expected to businesses boarding up. what is it looking like there. >> i tell you this, this particular venue where i'm outside of the actual debate stayed tall it is fairly sedate, we don't see any boarded-up businesses, as i step out of the camera you can see the security apparatus in the preparation going on, yes and other parts of the city businesses are closed and boarded-up because they're greatly concerned about the possibility of protest in the area, right here it is about fencing and driving people through safe and secure portals, we heard from local and national law enforcement they are working in concert to keep not just the hall safe but the community safe as well.
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stuart: short sharp and to the point, thank you very much indeed. see you again soon, a big show included brian kilmeade, corey lewandowski, david bossie, all on top of the later part of the show. ♪
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stuart: coming up 10:00 o'clock eastern 30 minutes into the trading session, you do not have that much movement on the market, i think that's because of the upcoming debate. susan: and the lack of stimulus between nancy pelosi and treasury secretary mnuchin abb will get agreement. stuart: a quick look at the tech names, the nasdaq is slightly higher, tech names all over the place, apple down, amazon down, facebook up a little bit a mixed bag. 10:00 o'clock we just hit the mark, the latest read on consumer confidence, the number please. susan: 101.8, this is for the month of september, what a rebound from august, august was the lowest in six years and the worst of the lockdown and the worst in march and april, we had a huge rebound for the month of
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september. so americans feeling happy, confident in business and economic conditions including the job market. look at that september consumer confidence much stronger than we thought 101.8. stuart: much stronger than we were expecting. and yet the market has moved a little bit lower, i see the dow down, the bottom right-hand corner of your screen shows were down 50 so it slipped a little, now down 48 and other words a strong consumer confidence number no effect on the market. now this. >> the democrats have found a way to redistribute your money, all you have to do is stay in lock down mode and rake in the cash, that is how you do it, this is not an opinion, this is a fact, the bureau of economic analysis has run the numbers and it's a real eye-opener, here's the bottom line, democrat states
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got a lot more government money than republican states and they gotta because they were the state to impose the most restrictions, here is evidence, new jersey on annual basis, residents got 14033 boxing government cash, that is from emergency unemployment paid $1200 in medicaid and food stamp increases. new yorkers got $9030 and californians 8673, all democrat states, they all kept the lockdown going, what a contrast with the republican states, texas the residents got 6400, florida 5300, arizona 5326, think about this, our viewers and red states are getting the short end of the stick, you have gone back to work, you have opened up, your money is going to blue states where they have lockdown longer and governors are pleading and demanding more from even more of your money, what a shame the air force generosity is not doing much
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good, look at this, the unemployment rate in new york 12.5%, california 11%, new jersey 10%, still in double-digit, look at this the rate in florida have opened up 7%, texas 6.8, arizona 5.9, much, much lower unemployment rates. the politics of this are obvious, democrats are easy lockdown very slowly and reluctantly, they want more handouts of your money. the republicans are opening up, red states rapidly, they want jobs and they want paychecks, that is the state to play, the left has found a way to redistribute your money and they will still call you mean and greedy and they will never say thank you, the second hour of "varney & company" is about to begin. ♪.
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stuart: let's show you the debate place where they will hold the debate, that is in cleveland, our special coverage of tonight's debate starts at 8:00 p.m. eastern on the fox business network and the debate itself 9:00 o'clock eastern moderated by fox news chris wallace. and here is the agenda, trump and biden's records, the supreme court, the virus, the economy, race and violence and the integrity of the election. our next guest says biden should debate trump like he debated paul ryan in 2012, bill is saying that the wall street journal guy, how does it work out, how did joe biden do against paul ryan eight years ago? >> that is a good question, i say that in contrast to the great temptation to joe biden to out trump trump, the best thing
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he could do is leave in greek joe and i don't think it can out trump trump, when he was with joe biden he was a vice president and even though i thought paul ryan had the better argument, joe biden one those debates and slightly condescending, numerous, he did not get angry, that's a way he should be with donald trump if he hopes to win but i am not sure again he can resist the temptation, a lot of times he looks angry and the videos and i'm not sure that's the way to go up against donald trump. stuart: it is television it's not a. media debate it's tv, on your living room screen in your bedroom screen, wherever it's on a screen, a motion, tone, style, use of language, although that counts, i think it counts more than the issues of the day, what do you say?
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>> i agree with that, i think that's why he defeated paul ryan and that debate, paul ryan has a better argument each time, but i think his manner, he was a sitting vice president and able and had all this experience and able to be a little older, more condescending and dismissing him with smiles. he tried to run a campaign saying i'm the man to restore civility to politics and i think if he does that with the angry thing, first of all i think he risks getting foster, i'm not sure it's good for him to be angry and second i think he hurts himself and exactly what you're saying the tone, you want to see 70 cool and confident not somebody trying to shout back. stuart: will you stay up late and watch the whole thing? >> sim i think with everyone watching joe biden it is impolite to say but again if you look at that debate and if you
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look at joe biden and the debate with paul ryan and you look at him today, you definitely see a decline in his mental facility, the question is people will watch this the way they watch a guy walking a tight rope to see if he will fall down he did not fall down in the debate in the primary, he had a few gaffes but nothing catastrophic, the danger now he has been freezing the ball and not going out, they does make a big blunder it's a lot harder to recover. stuart: that is for sure, thank you for joining us, i will not be staying up real late to watch the reruns at 3:00 o'clock in the morning. thank you lot will see you again soon. i'm staying on the debate, scott joins us right now. here is my view no matter what happens in this debate the media will turn around and say tomorrow morning joe biden one, that is a guarantee, do you think that affects the market. >> the market is nervous about
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the election. but i don't think it's going to affected a ton, most people will watch the debate tonight like a car race, they don't care who wins they just want to watch iraq, unfortunately that will be the case, to bill's point, the joe biden eight years ago was a formal opponent but he does not have the ability anymore and that's a problem. the consensus on wall street, this is not my consensus, i watched earlier and i agree, they are saying the trajectory of the economy is more important and tha efficacy of a vaccine is more important and the fed are always more important to wall street then who the winner is. i would say generally speaking in a normal election, there's no such thing as a great politician just some that aren't as bad as others in a normal election, i would agree with that but this is totally different, this is a decision, capitalism against socialism and our markets have
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never had a socialist president and that's why i agree, this is historic, totally different joe biden getzen because we've never been under that regime were socialism rules the day. stuart: they want to predict the winner and not what the media says but what do you say. >> of the debate? stuart: yes. >> i think it'll be impossible for donald trump to win, it's like a football team that is already projected to win by 50 points, if they only win by 30 and will be considered a loss, and biden is standing up into the debate he wins. stuart: one major gaffe, one major senior moment and that's a huge loss for joe biden. >> i agree with that. stuart: i'll give you a call three clock in the morning. >> i will be out. we will see you soon. i want to talk about the big banks, this is important,
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goldman, ap morgan, morgan stanley all cutting the fourth-quarter forecast for the strength of the economy, tell me more. susan: than low expectations for the debate, morgan stanley lowered the fourth-quarter down to three and half percent and that's down to over 9% just a week ago and this is a downgrade from j.p. morgan, last week jp m announced at 2.5% in 2020, goldman expects economy to only grow 3% in the fourth quarter, why all three of them don't expect the second round of stimulus at least it does not look good in all three predicting 2 - 4% contraction, that's a drop in the economy for the entire year of 2020, we have nancy pelosi and the democrats with a 2.2 trillion dollars stimulus bill on the table and she agreed to meet steven mnuchin later on today but there are very few hopes that they will get the deal through
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especially with the supreme court confirmation and that battle expected to take precedence in the senate and a lot of political capital and pretty far apart on the dollar amount since president trump says he will only go up to one half trillion and democrats 2.2 trillion in restaurants and airlines of the everyday small business. stuart: do you think there would be a market uptick if we got news. susan: absolutely that's why they're holding their breath to see how the meeting goes in 80 indication if we will get a skinny bill. stuart: thank you susan, quick check of other markets. whale down $39 a barrel and look at the price of gold, that is down to 1894 level, ubs is taking a bullish position saying it will hit 2000 bucks by the end of the year, they say it's a safe bet of any election uncertainty. right now 1894 per ounce, i said it before and i'll say it again, joe biden lacks the energy
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needed to be a president. watch this. >> no ma'am has the right to raise a hand to a woman. >> we have to change the culture and keep punching out and punching out it. stuart: i don't think that shows that, maybe that's the wrong soundbite, that did not show the part of the democratic challenger, show the opposite frankly, but during the macabre primary, how will he go against president trump, we are over that one and remember his performance of the 2016 presidential debate, he stood out against hillary clinton and we have the guys who prepped him for that debate coming up, the second hour of "varney" just getting started. ♪
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stuart: pretty much go nowhere market, we turn the direction, i see more green but not that much green up only four for the dow and up 20 for the nasdaq, check abbott labs, the president will deploy 150 million rapid virus test from abbott labs in the coming weeks, doctor siegel is on the show earlier and he said this. >> i think it is a game changer because it is so rapid and only $5 per test, they are talking about sending out 100 million test right away, the accuracy is 97% if you are symptomatic or have a virus in your nostrils, this is extremely accurate, it will be helpful in schools and nursing homes. stuart: game changers is a good
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doctor, the stock is up 1.6%, $106 per share, abbott labs, let's look at cleveland, ohio, the sign of the first presidential debate, hillary vaughn is there. >> we are getting new information about closed-door negotiation between the trump campaign and the biden campaign ahead of tonight's debate, sources are telling fox news that the trump campaign requested that a third-party check both candidates years for electronic devices or transmitters but the biden campaign so far has refused to allow that, the biden campaign requested to breaks in tonight's debate one every 30 minutes but the trump campaign did not agree so the debate will go 90 minutes long completely uninterrupted and there will be a 15 minute segment dedicated and focused just on the economy and the president is going to make the case that he is done more for workers and businesses in less then four years in office then biden has done after almost half
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of the century in washington and their two other topics that tie back to the economy, covid-19 in a race and violence running rampant in american cities and biden will make the case blaming trump that he left the virus out of control and he's the reason why businesses and workers have suffered. stuart: fascinating, trump wants the third-party to inspect for electronic devices and so far joe biden has not said yes, it ain't that fascinating, right before the debate, thank you very much indeed, no way around biden will have to answer the tough questions thrown his way, no way around it. as a woman -- >> good to see you stuart. stuart: as a former burning campaign staffer what's the main issue for you tonight. >> it does not matter according
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to my progressive sources most of them will be watching "tiger king" this will not be about progressive values, both be honest this is not about progressive values, vice president joe biden will be trying to appeal to republicans who are fed up with trump, it will be about moderate voters, progressive voters are not on the table clearly and the democrats have decided what the strategy will be and it does not include the progressive voter, let's call it what it is but i do think for fun i would love to see president trump bring up the 500 billion he plans on giving to the black community and i'd love to see joe biden match him at the table, let's see if they bring that up for fun. >> just for fun, a strange idea of fun but i will go without. , what you make of joe biden colleen lids saying that is that i quit for the day, i'm done i'm not going anywhere and not
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seeing anybody or answering questions, he has done this many, many times, it is the basement strategy, what do you make of that. >> it's ridiculous it's funny you brought it up i talked about that yesterday all day online the republicans are knocking 1 million doors per month in the joe biden campaign is knocking 0 and i don't understand the strategy, i feel as even if they have to knock at the door and speak from the curb, from the sidewalk it's important, i do not understand the strategy at all i worked on the races on the state, local, federal level and i've never seen a campaign depend 100% on virtual and completely depend upon absentee ballots, i don't understand it makes no sense, the campaign has been told this repeatedly but they know something that they don't. we will see if it works out but i know republicans on the ground and you have to be on the ground if you want to win. stuart: you're disappointed with the biden campaign, i have not
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heard you stride into this before. >> i want say disappointed, it is what it is i'm not delusional, there is a big difference between disappointment and delusional and a lot of bernie supporters, i talked about bernie sanders, i'm not a socialist and never have the verbal be. i understand what vice president joe biden is doing and where he is on the fourth quarter and he's trying to appeal to moderate voters in trying to appeal to white working class. i know that the negotiation phase this far as progressives and certainly to my opinion black folks is over with that was during the democrat primary, i'm looking forward to november 4, the day after the election to see how we strategize and moving forward. stuart: do you think biden is going to lose? >> november 4 either way i have something to say whether trump is winning again or biden. november 4, this race is already filled up, we will see how it goes. stuart: one more thing you
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mention the $500 billion in capital if the president is committing to black communities, would that make you vote for trump or think about voting for trump. >> i like to hear more about it, i know you love to hear me say voting for trump and each time i answer is the same you the best asking about my answer is the same, i'm a not as arrogant for trump or biden but i would like to know more about the plan, the platinum plan i know a lot of folks worked hard on it and they say is not platinum it's tenfold, i would love to hear more details about it, i know they point out specifically blocks and also language in the minorities and i would like to hear more about it, more portly how biden is going to match it being that over 90% of african-american vote for the democrat party, what is the democrat party going to put on the table to meet or exceed the 500 billion. stuart: i been looking for that revelation tonight. thank you for joining us, always a pleasure.
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stuart: programming note, special coverage of the debate on this network starts at 8:00 o'clock eastern in the main event, the debate itself 9:00 o'clock eastern on fox news channel moderated by chris wallace, next, we do know and we reported many times that mike bloomberg is spending serious money on behalf of joe biden, however, mega donors doing the same for trump. susan: bluebird $100 million spent in florida for biden president trump has some big money in his corner to preserve america a new super pack backing president trump and aired million hundred $80 million becoming the biggest sources so far in the 2020 election and it's backed by famous rich billionaires including las vegas owner and founder and home depot founder, it is aired 6 - $8 million on tv commercials and another $12 million on
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digital ads, as for fundraising as a whole we know biden has $141 million in the bank than president trump and biden in the dnc along with their affiliated joint fundraising have $5 million in the bank after record amount last month, trump at the rnc sitting on 325 million in the bank, still that is a lot of money to play with especially the final four weeks of the campaign. 35 weeks and counting. you need that cash to win an election. stuart: that is for sure. president trump has a got a busy schedule this week. what a contrast with joe biden who has been calling a lid on campaigning before him noon most days. will he have energy for tonight, i will certainly ask the question. a company in salt lake city debiting its arena suite at a utah jazz game of a player support for black lives matter. the owner is a billionaire, has
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his decision affected, what has it affected, we will certainly ask hm. didn't peg you for a crumpet guy. focus on what matters to you with thinkorswim. ♪
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stuart: do i see green, i see green, the dow is up seven, the s&p is up for, not much movement but up higher, show me nikola, i misread it, my mistake, nikola the electric car company, down big again, down six and half percent, two women reported sexual abuse complaints against the founder executive chair trevor milton, the stock is down six and half percent, 18 bucks a share, tesla, elon musk says his company be a little overvalued today, however, five years from now it'll be worth much more than it is now, it is down five books. susan: so will he he's almost worth a hundred billion dollars, close to 80 billion. stuart: peanuts compared to bezos, check netflix, do i hear
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they are about to raise subscription prices. susan: that is right, they have not raise prices since last january but executives have hinted strongly on their second quarter earnings call in july that a price increase might be on the horizon, that's maybe when my mom will cancel my netflix subscription, generate 2019, yes she still pays for, netflix service offers to streaming devices in january 2019 it's all a price increase of the most wildly paid and bought package went up to $30 a month from $11, the cheaper plan of $8 went up to $9 and the highest version went up to $16 to $14. they correctly point out that netflix accelerated last year because of the price hike, that is what you're looking at the ballpark is less than 20% when it comes to netflix and they're going to hike the prices, netflix itself has outperformed this year outperforming nasdaq a 41% and over the past month they
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have actually outperformed at the best-performing amongst a group that is the technology group that is lost $800 billion in september close to a decade, this is the last time i will say it but i was wrong in the nine hour when i corrected you on the gld etf. it is actually backed by precious metal. stuart: do we have the apology on videotape, i'm going to put on replay constantly. susan: enjoy it. stuart: i accept your apology. a company in utah ditched their arena suite at jazz games over the player showing support of black lives matter, chairman of the board at sm east still contractors in salt lake city, he withdrew from the suite. jerry what is the reaction to what you did. >> thank you stuart, let me
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start by saying it is a medium size steel fabricator with about 1500 employees and very patriotic company, we have enjoyed the sweet for 28 years, we spent over $7 million in ticket prices and food and beverages so we have a very important customer to them, we have enjoyed our relationship with the jazz, we have taken family, friends and customers and employees and we had great times at these events and the jazz have put a great entertainment. but everything is been nonpolitical up until this point. stuart: what is the reaction, you withdrawn from your sweet and you will not occupy any longer and you have the black lives logo removed from the court, what is the reaction especially from the players. >> first of all we had no reaction from the jazz
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organization themselves, one of the players tweeted they had a right to do with her doing down there but are counter to that, we are paying tremendous amount of money for these tickets and we have a right to go and see what we want to do and if enough to be patriotic we don't need to do it. stuart: it could be interpreted as your trying to silence legitimate protest which is already in place, you are removing your support from that suite, that is what you're doing as a way of pressuring the company, the team to remove that support for black lives matter and for some civil rights, that's what you are doing here. stuart: we are all for peaceful protests, we believe in that. but when the players, the owners and the coaches cannot stand up and salute the american flag, that's when we draw the line,
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you go back to the work 1776 after world war i and world war ii and how many people have lost their lives protecting this country and our flag. stuart: has anybody else withdrawn from the suite, has anybody else talked about doing that. >> we have heard other companies within the area and other states talking about doing the same thing, these tickets are becoming so expensive and by the time you're parking in your meals the average family has priced to even go to these events. i think the american people are so patriotic they will find other things to do with their entertainment dollars. stuart: i don't mean to cut you off i'm out of time we have a break coming up. thank you very much for coming on the show in a statement from where you're coming from a hobby back with more developments. thank you.
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stuart: individual stocks, i'm going to start with amazon they launched a new personal shopping service for men, $5 a month, this is an alternative to statistics. susan: personal shopping service, for $5 amazon prime members, men will be sent personal eyes closed that they can match your style and budget based on what it should be. stuart: i pay $5 a month and they sent me close. susan: eight items every month i buy them and if i don't like them i send them back. susan: it's a subscription service, would you pay up for a higher end that includes suits by brioni. stuart: what i? no. susan: don't have a personal shopper. stuart: don't even ask. susan: do i want to know. stuart: you are not going to
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know. the close that i wear on the air are chosen for me but our wonderful gwen who runs the wardrobe at fox. i think she does a great job. lauren: when you were polkadots you said you picked it out yourself. stuart: that was me choosing the combination of shirt and tie not quinn, she did not choose the combination she just chose the tie in the shirt and the rest of it. i do believe i am washing, you cannot tell because i'm wearing makeup, but i am, you got me there. who can forget president trump's 2016 debate, who can forget indeed, watch this. >> she does not like putin because he outsmarted her in every step of the way, she has been outsmarted and outplayed with any government whatsoever i will do more for african-americans and latinos then she can ever do in ten
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lifetimes. >> that was something else, david bossie and corey lewandowski are here on this program today, they are next. ♪ non-valvular afib can mean a lifetime of blood thinners. and if you're troubled by falls and bleeds, worry follows you everywhere. over 100,000 people have left blood thinners behind with watchman. it's a one-time, minimally invasive procedure that reduces stroke risk-- and bleeding worry--for life. watchman. it's one time. for a lifetime.
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stuart: where are we now, we turned south, a lot more red ink, the dow is down 90, we had a red turnaround, down 90 on the downtown 34 on the nasdaq and on seven on the s&p, is there a reason for this i should know about, you do not have one? susan: were awaiting what happens tonight in any policy discussions. stuart: we were up god knows what. susan: we were relatively flat most of the session we will check with our market experts. stuart: fedex and ups have upgrades, this is about the
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coming bonanza of online selling and deliveries for the holidays isn't it. ashley: absolutely mr. bernie, fedex 60%, ups up 44% in both stocks getting love from stock analyst, upgrading fedex to a by with a price target that is rising $75 to 318, simply put both companies are seeing massive from domestic package growth and so much more to come as we head towards the holiday season and totaled two thirds rate fedex as a bite and the number for ups right around 50%, one question being asked, can the rate of patch gauge deliveries once life returns to normal. i would say yes and many analysts say they have been permanently changed, we've
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gotten used to having everything delivered to us. stuart: we have gotten really used to that. no question about it, more proof of what might become election chaos, the postal service did not update a whole bunch of addresses for mail and voters, how many are we talking about here. susan: at least 1.8 million, this is what happened the postal service maintains the change of address database, if you move if you need a mail-in ballot or something, you let them know. it was not being updated for 20 days in august and it was not fixed until the middle of september and there's no reason why this happened according to time he spoke to the usps. , let's say your millennial limited new york city but the last six month you been with your parents in new jersey, can you get your mail-in ballot, at
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least 43 states use the postal service change of address database at least 43 including the swing state, pennsylvania, florida, ohio, you name it this could be a big problem ahead of election day. stuart: what is this about new york, some voters in new york received military absentee ballots. >> it is a typo it happened a residence in queens, given a military ballot even though they never served in the armed forces, the question now is eligibility of the ballot, can it be used, should be used, will it be tallied and will then be challenged, mail-in voting two parallel elections, the people who vote in person and the ones who do it by mail will be a mess. stuart: is going to be a mess and there's more on that, the trump campaign and the rnc are suing north carolina over mail-in voting in the state will allow voters to cast their absentee ballot late and without a verified witness, can they stop that, they are on the show
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next hour. we are counting down to the presidential debate it will be a showstopper in brian kilmeade is fired up about it. he is on the show next. ♪ so you're a small business,
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stuart: we have a developing story, they are negotiating rules about the debate for tonight, susan has details. susan: fox news getting this first about the ground rules for discussion and abiding in the trump campaign and wants the biden campaign to allow a third-party to inspect the ears of each debater for electronic devices or transmitters, the president has consented to this inspection beau biden has not consented and over the last several weeks biden campaign has requested to, one every 30 minutes to break up the 90 day 0 minute program. stuart: the biden team wants breaks, they don't want their guy to go straight through for 90 minutes, they want him to have arrest. susan: which takes stamina for a
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78-year-old. stuart: to breaks every 30 minutes. i understand, i got and tried to do the math, to breaks every 30 minutes and a 90 minute block and so far they're not agreeing to doing that, i find absolutely fascinating and literally five seconds i will have brian killed me on the screen and he has something to say, i will guarantee, host of the brian kilmeade show, i hope you heard that, the biden team wants to breaks during the 90 minutes, so far they have not agreed to that, why do you think they want to breaks. >> you know exactly why the way he put a lid on his campaign yesterday at 910 in the morning in the same reason why he's taken four days off to prepare for debate cities practice for for 47 years, the same reason why he took many breaks with anderson cooper when he took the
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questions in the town hall, he needs a break to recalibrate, if you look he gives solid answers, not tough questions but solid answers with anderson cooper on his feet but over an hour he has 20 strong minutes and i don't think the truck team should given out at all, straight through 90 minutes, if you can't go 90 minutes you cannot be president, how many hours do you go. stuart: i do three hours you do six hours from six in the morning to 12 noon, why am i not president. stuart: why is that. stuart: i find this really telling, the whole issue tonig tonight, can joe biden get through 90 minutes, not show fatigue, show that he's got focus, don't make any gaffes and show that you could be the president of the united states of america to request to breaks, that's a dead giveaway, what do you make of the other requests, this is the trump campaign that a third party inspect the two people in the debates for something in their ears like an isp that you and i wear that can
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be spoken to by people off-camera, so far joe biden has not agreed to that inspection, what you make of that. >> i think two things, the drug test in the earpiece is head games, he's got word that they're going to be speaking to him because as you know this is my version, they don't talk to while you are talking, it will be crazy to have a earpiece when you're in a debate which i know the other person speaks for two minutes but at any moment if they talk to your cutout from the person across but to get in his head there is no way this guys not propped up, there is no way that he does not need a break in order to get through it and hiding in the biden line works, the other thing that is effective trump is got to win and biden has got to tie, i believe the tie goes to biden and the solid performance divided in trump by we watch
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these debates because i'm lonely i rewatch to the debates the last one with chris wallace, he interrupts him through hillary clinton who is a much better debater and smarter and she would be jarred when he would say not true, you're a liar work never happened, she stopped, can you imagine joe biden when he hears a couple of interruptions, that's not exactly what happened, you were there the whole time, those would throw him off and if you see him discombobulated that the when the president is looking for. stuart: the president does not come across as a bully that could encourage a sympathy vote for the elderly joe biden, i hate to put it like that but that could happen. >> possibly but something so serious with the future of the country you could be direct and not a bully, i think it's a lot harder and it does not come out wrong but i hope it's a lot harder if you're debating a woman like joe biden with a much harder time with sarah palin
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then paul ryan, if you look like a bully to a female candidate you can look like a sexist as opposed to somebody who just disagrees, that is where he is right now, he can turn around with a guy that's already told one of the people in his audiences, a supporter i yelled at him because he questioned hunter biden's investment in challenge to a push-up contest, then he called them somebody else to ask questions about some of his investments and said are you a junkie, really, we watch that, joe biden has been rude a lot and when he's challenged he would like to go back to blue-collar joe going back to park avenue trump, we will see how that goes. stuart: let's be honest i work very similar hours to you, i walk into the studio just before 4:00 o'clock every morning and get out of bed at 2:45 a.m., there is no way i will watch the debate live tonight how about you. >> i'm going to watch it live, no doubt about it, i can always
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rally for one day and i'll be tired the next day but i gotta watch it live, i'm going to taper the postgame because i have my own opinions, this is going to be the most watch tv and when we roll the clip of joe in dick cheney, that was something i could take, this is live television, don't give me the super bowl on tape. stuart: i am out of time, heartbreak coming up, brian kilmeade everybody a big show still to come, aren't c kathy, and trump 2020 senior advisor mercedes, you will have my take on the media, they will declare joe biden the minute winner no matter what, the third hour of bernie coming right at you after that. ♪ look limu! someone out there needs help customizing
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>> one thing that i'll be watching for closely is that president trump can have a decided victory. >> i view china as a competitor, a serious competitor. >> this is not a level playing field with china. china does not wish us well, and joe biden needs to realize that things have changed. they have changed over the last 50 years. >> leave angry joe in the basement. i don't think he can out-trump trump. you want to see someone cool and confident, not someone trying to shout back. >> most people are going to watch the debate like a car race, they just want to watch the reck. >> if we can call a clear or
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winner on this, i think the market would take that as a big positive. stuart: all right. there you have it. that's what our people have been saying, what our guests have been saying in the last couple of hours, but we're just getting started here for our third hour. i'm going to show you the markets because we've moved south. we're now down about 150 points on the dow and 40 on the nasdaq. i'll make two points about this. number one, we've got speaker pelosi and treasury secretary mnuchin, they have talked this morning. they say they're going to talk again later. this is about the $2.2 trillion stimulus package. but we also have larry kudlow, top economist at the white house, he's saying he's worried about running up the national debt. which i'm interpreting that as being a little skeptical about more spending another $2.2 trillion. so i think that's the argument that's winning. that's why the market has turned south. we're down 150 as we speak.
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however, earlier this morning with we got a pretty strong consumer confidence number, 101.8. that's a strong reading. in fact, it's the best reading since march. that's not helping the market right now, however. now this: this is the media's debate prep, "the new york times"' front page story about the president's taxes. oh, so conveniently released a couple of days before the first debate. it's like the billy bush tapes in 2016. these breathless reports always hit republicans, don't they? it's how the media prepares for debates and elections. save something nasty til late in the game. you can bet joe biden's debate prep will include the times' tax story. he's been holed up in his base. you have to believe -- basement. you have to believe he's been
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thoroughly drilled on what to say. if you're tired, it will show. if you can't think on your feet and focus, it will be obvious. that is joe biden's vulnerability, that he's not capable of running the country as he goes into his 80s. mr. trump's vulnerability is his demeanor, his attacking style could make him look like a bully, and he's the spur of the moment kind of guy. he could easily unload are on his aging opponent and bring out the sympathy vote. it will be easy to feel sorry for biden if the president humiliates him. of course the media will declare joe biden the winner. he would have to fall asleep in the middle of it all to lose. he simply has to survive for 90 minutes, and mr. trump will turn up full of life and perk i key and think on his feet. and even though the media will say he lost, he'll be back on the campaign trail within hours. joe biden is taking a train ride all the way to ohio. 9 p.m. eastern, fox business,
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fox news, the first direct clash in this already extraordinary 2020 election year. i want to bring in cassie smedley joining us now from the rnc. cassie, i'm sure you heard these late with developments. joe biden ising asking for -- biden is asking for two breaks to break up the 90-minute debate. what do you say about this? >> yeah, i'm sure he would love to have a 90-minute break. i think that joe biden is really very nervous about what's happening tonight spite that he does have -- despite that he does have his friends in the media already lowering the bar for him, prewriting the headlines for him. not only is president trump going to show up with energy and charisma tonight, but the voters are going to be able to see through whatever narrative the media's conveniently trying to contrive here. they're going to see -- stuart: come on, cassie, look, let me show you, let me show you how to go for the jugular, shall i? this is how you gotta do it.
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joe biden wants two breaks because he's scared to death that he's going to get real tired in 90 minutes, and he needs to recalibrate. he's very weak when it comes to fatigue and energy. that's why he wants two breaks. you've really got to go at this hard, cassie. >> i don't disagree with you, stuart, but from the very beginning they've been setting the expectations that is he even going to show up, should he even debate. and that's why we're seeing these late-breaking developments of, oh, it's mean trump who won't let him have a bath ram break. he -- bathroom break. we know that's the case. they're trying to lower the bar for him. and that's why it's so important, 100 million people are going to tune in tonight and see for themselves everything that the media has been trying to protect -- stuart right. now, look, you've got no spin room tonight. that's where campaigns manage the media, but you can't do that
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tonight. how are you going to manage this media tonight? >> yeah. well, president trump has never been someone who needed surrogates. we get to hear it all from him. but we do have the full effort of not just the rnc and trump victory war rooms, but we've got more than 700 watch parties happening around the country, the full force of our on the ground grassroots effort with real voters being able to see and hear for themself. we're going to get fact checks to, which i'm sure there will be many since joe biden has a storied history with not being able to tell the truth, and we're going to go directly to the people with the full force of our social media, you name it, we'll be talking to the people. stuart: okay. cassie smedley, thank you very much. always appreciate it, thank you. now, i want to turn to the markets because we have turned south as we've told you. this is just in the last half hour.
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susan, do you have any more information on the turning south on the markets? >> well, i think we have something off on covid cases rising across the country. new york city just reported a daily positive covid test rate of over 3% for the first time in months. that's when public schools will close, so you can see the disruption that it'll cause across the entire i city. we've also heard about the 1,000 new cases of covid, something that we haven't seen -- stuart: schools went back today, didn't they? 300,000 knight kids went back to -- new york city kids went back to school today. >> well, that will probably end if we see this 3% positivity rate across the city, a rate we haven't seen in months. stuart: all right, susan, thank you. turning to tonight, here's the question: how do markets typically react after a presidential debate? i think you've got that story too. >> yeah, so down usually the first day, ten days, even a
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month later. now, we didn't have television the presidential debates until the '60s, the day of after the s&p is down usually around .3%, but you take it all the way out to a month, 30 days afterwards, the broader benchmark is down around 2%. 2008 financial crisis skewed the average, but remember there are also no tv debates during the johnson years up until 1972. now, wall street large arely investors view trump as more business-friendly with many expecting biden to raise taxes, the economy probably a more important issue for president trump tonight. for biden it's going to be coronavirus, and credit suisse is the latest investment bank to come out and weigh what their recommendations, they say the markets will be up and down until january so protect yourselves with options and hedging. stuart: okay. now, i want to follow up on new york. we've got some new rules, i
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think, on mask wearing and fines if you don't wear 'em. what have we got, lauren? >> yeah. so mayor de blasio is saying that the city will fine people who refuse to wear a face mask starting tuesday. so i assume one week from today. the mayor also saying that any non-new york city schools -- i'm sorry, any new york city school that doesn't follow the guidelines will be shut down. so they're seeing this rise in cases. and you've got to -- kudos to new york city, we really flattened the curve here. here, well, i'm in new jersey, but you know what i'm saying. and they don't want to see the numbers rise again. so this is pretty aggressive action. stuart: it is, indeed, and that's new york for you. thanks, lauren, got that. jason katz is with us. jason is a market kind of guy. i want to refer to something from the professor at wharton school. he's saying the market's going to be choppy til the end of the
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year, but come 2021 regard he is of who wins the election -- regardless of who wins the election, the market goes up. it's going to be a strong year. what do you say to that, jason? >> well, i certainly agree to the extent that we're going to see pronounced volatility between now and the election. whether it's the reaction to the debates, how the polls play out, of course, what's happening with the rancor as far as the supreme court seat and the fiscal stimulus package. so volatility, for sure, between now and then. and then after the election our focus is really more on the senatorial elections versus the outcome of the presidential elections. because therein lies the ability to keep deregulation in place as well as the 2017 tax reform. stuart: now, i've got the market -- as in the dow industrials -- down 160 points at the moment, and that follows in part this report from new york that the positivity rate is above 3%. do you think the two are linked,
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maybe a second wave of the virus and the market goes down? is there a link there? >> that's part of the cocktail of what's going on. i think a lot of it has to do with the rancor over the fiscal stimulus. i know kudlow earlier talked about being reticent as far as more spending is concerned. i'd probably put at this juncture a little more weight on those comments. stuart: okay, got it. we're down 160. jason, thanks for joining us. see you soon. >> thank you. stuart: you got it. senator kamala harris says she is not giving advice to joe biden tonight. roll tape. >> i think joe knows what to do. i wouldn't dare tell him. he's been on that debate stage so many times, and he's so good. he's so good. stuart: well, he didn't exactly do that well in the primaries now, did he? we'll talk about that. first though, listen to this, household income soars under president trump. so why don't we hear about it in the mainstream media? i've got some fascinating numbers for you in a moment and
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andy puzder to comment. ♪ ♪
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stuart: all right, everybody, stop and e a look at this. a census bureau report shows median household income rose nearly 7% under president trump. of course, this was before the pandemic. $68,700, median household income. my goodness. hispanic-americans saw income rise over 7%. african-americans, nearly 8%, and asian-americans saw a boost of 10. that is enormous. we we don't hear about it. andy puzder is with us now.
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$68,000, that's the immediate e january household income -- median household income. it was in the $50,000 range with president obama, but nobody reports this. what's going on here, andy? >> it's even better to give you a little more perspective, median family income during the entire obama administration went up $3,000, so we did more under president trump in one year than we did under president obama in eight, which is exactly why the media's not covering this. you know, they don't want to make biden look bad. and in this, these numbers make trump look great and make biden look bad. it was a very weak economic recovery under biden. stuart: i think it's outrageous. >> it is outrageous. stuart: i mean, to have the media en masse cover up a stellar economic performance and then go at the president, hammer and tongs all a day, all night, what a bad guy he is. that is outrageous. it's wildly unprofessional, and i don't think -- it's going to take them a decade to get their
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reputation back, if ever. i know i'm going overboard on this, but it infuriates me. >> you know, look at the -- excuse me, the poverty rate. the poverty rate under president trump in 2019 went down 1.3. that's the largest drop in the history are of tracking the poverty rate going back to 1959. and poverty was at 10.5%. that was the lowest rate since 1959. did you hear about that? all we heard was tax cuts only benefit the rich. in the meantime, we lift over 4 million people out of poverty, under obama and biden, we added 800,000 to those people in poverty. the numbers in the census bureau report were absolutely speck tack hard. there was a good article in the "wall street journal." you saw my article on fox news which was out yesterday. that was about it. there really wasn't i any other coverage. stuart: okay. are you we me on this, that at the end of the debate tonight no
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matter what happens -- unless there is an absolute catastrophe for joe biden -- the media will say biden won. no way around it, he won. >> yeah. unless he passes out and, you know, drools or something, i don't see any way the media's not going to try and declare his performance a victory. and in some respects, republicans have been playing into that by saying, well, you know, he's got -- look at him, look at his interviews, he can't talk. he'll be fine tonight. he was fine -- remember when he debated paul ryan? i mean, paul ryan was a smart guy with the facts at his fingertips. biden chewed him up and spit him out. he did fine against bernie sanders. stuart: he debated paul ryan, and it was pretty good, eight years ago. >> yes. stuart: i don't think he's got the same vitality now, and by the way, did you hear the report? he's been asking for two breaks during the 90-second debate. [laughter] >> well, he won't take the drug test. look, he won't tell anybody who
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east going to appoint to the -- who he's going to appoint to the supreme court because he doesn't want you to know what the answers are. i really do think he's going to be fine tonight. i don't think we should expect to see the bumbling biden that you see in these interviews. i don't know what they give him or what they do, but i think he'll be fine. i just hope that people -- i hope we haven't lowered expectations for him so much, made the bar so lower that people will believe he did well when he didn't. and i think the policy of the president will i chew him up and spit him out. but biden's a longtime politician, he's a b.s.-er, he'll get through. stuart: if he can survive for 90 minutes, he'll be the winner. case closed. ann ity puzder, thank you. check some stocks starting with abbott labs, up today on news that the president's going to distribute 150 million of abbott labs' rapid covid tests. now we're up 1% on abbott.
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look at universal health services. they've got a data breach with. they say no employee or patient information's been compromised. the stock is down 6.5%. and now this: or the pandemic causing a surge in bankruptcies in new york city. lauren, this is real bad, isn't it? give me the numbers. >> citibank says up 40% since march, okay? march to now, up 40%. that's 610 businesses in new york city filing chapter 11. more could be on the i way. as the weather turns colder, as we're seeing this uptick in the number of infections, we might hear and have heard threats from the mayor that there could be, you know, more lockdowns ahead, this will hurt any company right now struggling or not. not to mention the wealthy are all out in the hamptons. but these bankruptcy filings, because it's expensive to file for bankruptcy, it doesn't encompass the small businesses. i said this earlier, the moms and the pops occupant are there.
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out there. yelp says 6,000 of them in the city have closed of which at least 4,000 permanently closed. and i was just reading a report from the partnership for new york city business group, they're looking at something like 80,000 business closures when all is said and done. 80,000. stuart: good lord. it breaks my heart to report things like this because this city is in bad shape, and numbers like that are just awful. lauren, thank you for the report, however. oh, look at this, i've got a sports alert. the nfl seeing -- oh, it's a negative -- seeing their first virus outbreak. ashley, you followed this. which team? >> yeah. well, it's the tennessee titans. this story coming out in nashville, the latest round of testing for the tie tabs' organization -- titans' organization shows three players have tested positive as well as five personnel on the team. that's a total of eight. they played the vikings and won on sunday. the vikings also, out of caution
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now, are, you know, having no in-person training today. the titans are reportedly working remotely, no in-person workouts or anything like that. this is the first time we've seen a, i guess, a major outbreak, eight cases, three players. a falcons player last week tested positive, but he was the only one. the falcons went ahead and played the bears this past sunday, and everything seems to be okay. the titans, by the way, scheduled to play the steelers on sunday. we'll have to wait and see how that goes, but this is the first real, you know, significant, if you like, outbreak of the virus among the nfl teams. stuart: but on the other hand, the national hockey league, they just finished their season. i mean, i think that's good news, no outbreak to hold them up. >> nope. absolutely. and congrats to them. tampa a bay, who knew? the ice hockey capital of the world.
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[laughter] stuart: yeah. i believe that's tampa bay, florida. ice hockey? how about that? >> every canadian is end weeping. [laughter] stuart: thanks, ash. the trump campaign and the rnc sue to block mail-in voting changes. okay, they're suing, but can these last minute lawsuits really stop election chaos? we'll discuss. and we've seen joe biden on the debate stage before. well, see him again. roll tape. >> if you agree we me, go to joe 30330. play the radio, make sure the television -- excuse me, make sure you have the record player on at night. stuart: better not do that tonight, biden stumbling there like he did during the democrat primary. that would not be good for him if he did it tonight. we'll be back with more. ♪ ♪ keeping your oysters business growing
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stuart: two special guests with us this morning, perfectly timed just in advance of the big debate that comes up tonight. trump campaign senior advisers,
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plural, corey lewandowski and david bossie. they are the authors of a new book, it's called -- what, it's on the screen, it should be on the screen. this you go. "trump: america first." that's a fine title, gentlemen. now, look, both of you prepped mr. trump, candidate trump in 2016. corey, let me start with you. how did you prepare then-candidate trump? >> you know, stuart, what we did is we allowed him the opportunity to answer questions from the media, which is what he's been doing for the last six years. i don't think there's any question that he's going to be asked tonight that a member of the media hasn't already asked him. that's clearly not the case for e joe biden who's avoided these questions. so the way you prep donald trump is you let him go out and talk to people, listen to all sides and give his responses. you're going to see a champion on the stage tonight. stuart: david, how about you? is there a difference between prepping a candidate, as you did four years ago, and prepping a
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president as what's going on now? >> i think there's a big difference. this is a president who has a full-time job. he is working every minute of the day to be president of the united states and work hard for the american people for this entire four years. and he is then, on top of that the, becoming candidate trump as well. and what corey was just talking about is his best preparation is being out there with the people, going to rallies, going to the round tables and talking to the american people through the media, taking those tough questions from the podium on his way to the helicopter. of that is his best debate prep, doing battle with the mainstream media who is against him, who has been against him for four years and wants to defeat him. they wanted to defeat him in 2016, and i think they failed then, and they're going to fail this year. stuart: has the president done any conventional debate prep this year? i mean, when i say conventional debate prep, i mean like having people who are not reporters but
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sound like reporters asking him questions and moderators who are not really moderators but asking him questions and doing that kind of thing. does he do any conventional stuff, david? >> he's an unconventional candidate and always has been. he does it his way. in 2016 he did it his way, and it worked out perfectly. this year he's doing it his way again. you saw just the other day he brought chris christie and rudy giuliani, two people that he leans on and trusts that he's been working with. the internal actions and how that is working, you know, when they're in the room, i think it's probably a lot like we're doing right now, they're having conversations, and they're talking about the answers. and really, you know, pivoting to what it is from the question to what it is you want the american people to hear. stuart: corey, let me turn to you. i'm sure you've heard this story that we've been talking about this morning. joe biden wants breaks, two breaks in the 90-minute debate. [laughter] you're laughing.
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what does that tell you about joe biden? >> well, hey, stuart, you don't get a nickname like sleepy joe for nothing. the guy wants two breaks because he doesn't have the stamina or the mental acuity to stay on the debate stage for that kind of time. look, you juxtapose that with donald trump who on his average day is doing two, three, four, five rallies a day in four different states, two different time zones, and he has no problem standing up there. we know donald trump has the stamina, we know joe biden has pulled out the hillary clinton playbook and dusted it off. rest for a week, and is that really what the american people want? they want someone who can't stand up for 90 minutes and have a conversation? come on. come on, man! [laughter] stuart: while i've got you, corey, can i ask you this? is it true that you almost got into a fistfight with chief of staff john kelly in the oval office? is that true? >> stuart, not only is it true, but i offered to take off my jacket and settle the fight
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outside. look, i always bet on myself, okay? john kelly brought in his secret service detail and threatened to have me thrown out of his building, i reminded john that it was the people's building. that's the kind of chief of staff that john was. he wanted to use physical force and intimidation to keep people away from the president. i'll take my money on me every time, stuart. they made a movie about it, it was called the fighter. i like my odds. stuart: you know, a lot of people don't like hearing this about what goes on in the oval office. a fistfight? i don't think a lot of americans would approve of that, corey. >> stuart, here's the thing, right? i was there to have a nice meeting with the president, but when they try and block the president's' friends because they want to control every aspect of what goes on, that's out of bounds. hey, john's the one who started with me. he threw me toward -- tore the buttons off of my jacket. i wrote all about it in this book, but that's unacceptable behavior. hey, the statute of limitations
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has not been expired yet on assault in the district of columbia. i want john to know that. [laughter] stuart: whoa. i'm losing control here, i really am. [laughter] >> hey, you asked. stuart: david, i'm changing the subject. [laughter] have you any doubt that at the end of the debate tonight the media, barring catastrophe by joe biden, the media will declare him to be the winner? any doubts? >> of course they will. that's why joe biden needs the two breakses, by the way, so he can get his mind right. look, the president of the united states is going to keep it about the issues. it's about higher taxes versus lower taxes, more job-killing regulation ares versus killing regulations, open borders versus border security, paying for illegals' health care versus not, anarchy in the streets and defunding the police versus law and order. the president of the united states is on the right side of every one of these issues, and the american people agree with it. and that's where this debate needs to stay. if joe biden brings it down, if
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joe biden is talking about petty grievances and trying to suck the president in, he's going to lose because this president is laser focused on being president of the united states and being reelected. and he uns that this -- understands that this is a generational campaign. what happens in this election is going to be the difference between freedom and prosperity for future generations, and this is the biggest, most consequential election of our lifetime. stuart: gentlemen, i want to thank you very much for coming on the show. corey, i do hope that the biden team is not watching and does not raise the issue of fistfights in the oval office. i'm sure they don't watch, but there you go. good luck with the book, gentlemen. >> thank you. stuart: always appreciate it. >> thank you. stuart: back to the markets. still on the downside. what's this about speaker pelosi saying a deal -- >> cautious optimism. so speaker pelosi says she's hopeful of getting a deal with the trump administration this week on that second round of
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stimulus. we know that she spoke 50 minutes with treasury secretary mnuchin this morning, and this is pretty much the last ditch effort to get any sort of agreement before november 3rd and the election. however, i would say if you look at the markets right now and how it's trading given that we heard from larry kudlow earlier on that they are not in favor of expanding growing u.s. government debt, they're still far apart -- especially with the money, $2.2 trillion with the democrats, $1.5 is the max that president trump will go up to. stuart: they're talking about a $2.2 trillion deal, but kudlow's saying, watch out, we don't want to expand government debt. a $2.2 trillion deal would do -- >> right. there might be political pressure on republicans to do something to get their vote? stuart: oh, yeah, i think there is. i think so. i think many republicans would like to see more money spent right before the election and get the credit for it. >> yeah. stuart: that's politics, come on. that's politics. >> help the american people. stuart that's a fair point too.
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but we're down 140 points. got it. take a look at this, president trump has a packed schedule this week including tonight's debate and campaign events in three different states. that's just this week. can joe biden keep up with that energy? he's going to have to. we'll deal with that after this. ♪ ♪
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♪ ♪ stuart: the election is 35 days away, but i'll tell you now early voting has started already in illinois. grady trumble is there. grady, i understand on the ballot there's something called a fair tax. i want to hear more about that in illinois.
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what have you got? >> reporter: stuart, the democrats call it a fair tax, that would be a graduated income tax as opposed to the current flat tax rate. democrats say only the wealthiest of the wealthy would have of to pay more in taxes while conservatives worry that everybody would have to end up paying more. also here we're seeing unprecedented demand for in-person early voting. at this particular polling place in wheaton, illinois, there was a three hour wait when early voting started on thursday. across the country there's unpress i dented demand for early voting. 1.1 million people have already voted either in person early or by mail. a quarter million of those each in the battleground states of north carolina and wisconsin, more than a quarter million in virginia as well. we talked to supporters of the president here, we also talked to supporters of the vice president. all of them tell us, stuart, that they have some concerns about mail-in voting, and that's why they decided to show up and wanted to vote in person. stu? stuart: i can understand that.
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i'm going to check the markets real fast because the dow is now down 200 points and the nasdaq down 90. as much of a loss really concentrated in the dow. got that. now, let's check beyond meat and walmart. beyond meat is up 10%. have they got a deal? >> yeah. they're expanding their beyond burgers now i to over 2400 walmarts across the country, and that's up from the 800 currently, and this is after their value pack at walmart this summer, its most affordable product yet they say. first started at walmart five years ago, and there's tough competition because already selling in 2400 walmarts across the country. stuart: it gained 10%, nearly 11%, 167, beyond meat, that's the price. how about tesla? [laughter] elon musk says -- actually, he just sat down with "the new york times," because -- >> yeah. stuart: what have you got? >> a broadcast. elon musk said tesla might be
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overvalued. let's listen. >> i think some critical mass of the market has concluded that tesla will win, i guess. i mean, i've gone on record saying i think the stock price is a bit high. that was well before we hit this current level. but if you ask me do i think tesla will be worth more than this in five years? i think the answer is yes. >> so tesla's currently worth more than $300 billion, and it is the most valuable car company on the planet. now, musk also on this podcast said that he's not happy with the negative battery day coverage, called bill gates a knucklehead. i listened to one hour of it, and he said he had dinner with jeff bezos to talk about space exploration. bezos says people should be, i guess in his term, planetary, these colonies in space whereas musk is targeting mars in particular. you're looking at me like --
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stuart: i'm not used to you talking about colonies in space. that's a new one for me. [laughter] >> also in terms of who we will vote for. stuart: yes. i heard that sound bite from him on who are you going to vote for. >> well, he says if biden does better than anticipated, biden will win. stuart: okay. that's about the debate tonight, right? we shall see. the rump campaign and the rnc -- trump campaign and the rnc are going to sue to stop mail-in voting changes in north carolina. the question though is, is it too late to stop election chaos? and, yes, we are just hours away, in case you didn't know it yet, we're hours away from the first presidential debate. we're going to take you to cleveland are live after this. ♪ ♪ i searched and found sofi and applied for a personal loan.
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i paid off my credit cards and felt a weight come off my shoulders. thank you sofi for a great experience and for helping me get my money right. ♪
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and if we win, we get to tell you and doug. how liberty mutual customizes car insurance so you only pay for what you need. isn't that what you just did? service! ♪ stand back, i'm gonna show ya ♪ ♪ how doug and limu roll, ya ♪ ♪ you know you got to live it ♪ ♪ if you wanna wi... [ music stops ] time out! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ stuart: kamala harris ripped into judgey barrett's nomination to the supreme court yesterday, and then she walked away from the podium refusing to answer any questions. she's actually following joe biden's lead. don't answer questions with, run for cover. for a start, senator harris is on the judiciary committee and will be asking questions during the hearings, but she has, quote, no plans to meet the
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judge on capitol hill this week. how come? can't one woman speak to another prior to the most consequential hearing since the kavanaugh disgrace? and senator harris has refused to answer any questions about packing the court. why? her own party has proposed it, and she wants to be the vice president of the united states of america. this is the time to answer the questions, not -- join the debate, don't shut it down out of spite because you don't think you'll win. look who's here, mercedes schlapp, trump 2020 senior adviser. all right, mercedes, i'm sure you've got a lot to say about kamala harris, but i want to talk to you about this news story we've been doing this morning. joe biden wants two breaks during tonight's 90-minute debate. what do you make of that? [laughter] >> well, i gotta tell you, it's because we know with joe biden he's got some good days and some bad days when it comes to his daily gaffes that come out of what he says. so i think, you know, there's
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one thing we know, president trump is ready to go, he's prepared for this debate, he has an incredible stamm a that. i mean, he outworks all all of . he keeps a very busy and productive schedule as he's going from state to state talking to the american voter. what does joe biden do? he calls a lid almost on a daily basis. and to your point, we're not really knowing where they stand on so many of these issues. joe biden hasn't released a list of supreme court nominees, we don't know his stance on court packing. but what we do know is that joe biden has aligned himself with the far left of his party. and that's what we want to expose tonight. that's what president trump is going to do, is basically compare his record of 47 months of accomplishments versus a 47-year record of failure by joe biden. stuart: i'm going to go back to something i said earlier on the show. the takeaway from the debate is not necessarily the issues and the details on different issues.
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i think the takeaway is the style, the tone, the emotion that both sides bring. and i think the wore ily for president trump is that -- worry for president trump is that he comes across as a bully. it could happen. what do you say? >> it won't happen. i mean, one thing about president trump is that he's a strong leader. one thing about president trump is that he's been transparent and direct with the american people since day one. you know exactly what his agenda has been for america which is that of a pro-economic growth in america. it is about helping american workers, american families by moving forward with the right economic policies which is reducing our taxes, getting rid of job-killing regulations, renegotiating tough trade deals. that's the leader that you want defending this country. what you don't want is a weak candidate like joe biden who we know is spending more time courting the far left, focused on job-killing policies like the
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green new deal and socialized medicine. and also really taking america in the wrong direction. talking about a $4 trillion tax burden on american families. that is not what we need in moving our country forward in the next four years. stuart: real fast now, the trump campaign and the rnc suing to block north carolina's mail-in voting changes. the story here is not when you win or lose in north carolina, the story is can these last are minute lawsuits actually stop election cay use, or is it -- chaos, or is it too late? what do you think? >> well, it's what the democrats do best. they like to sow chaos and division. they like to fundamentally change voting systems in the last between 90 days, 80 days, now we're talking about 30 days of an election which we know is very problem mat it. a lot of these local election officials are not prepared. they don't have the capability to manage such an influx of mail-in ballots.
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what we do know is that while absentee ballots work in some of these states like florida, you're talking about universal mail-in voting which we know has been very problematic in states like nevada. what we want to avoid is chaos, what we want to insure and preserve is election integrity, insuring that it's one vote per voter in these upcoming elections. and that is why we've seen the democrats try to loosen election security in so many of these states. stuart: real fast, mercedes, i'm told that they're boarding up businesses in downtown cleveland. do you think that urban unrest will make an appearance not in reality, but certain lu as part of the debate tonight? >> well, i know that -- i think that's one of the topics we're going to be discussing. i think, you know, we've seen the chaos, we've seen the rioters in so many of these i cities like portland, like kenosha, and what we've learned is when the president has worked with the governors or the local
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officials to deploy the national guard, that's when you stop the rioting, that's when you stop the looters. it's different in cities that are run by these democrats like portland where they don't accept the federal assistance that the chaos continues. look, we believe in peaceful protesting, but the reality is when you have these rioter ors and looters basically destroying small businesses, many owned by minorities, that's simply unacceptable, and it's why the president is the president of law and order. it's why he's received the endorsement of so many law enforcement organizations. stuart: sorry, mercedes, gotta go. >> no problem. thank you for having me. stuart: by the way, i just want to break away to the market because we're at session lows. we're now down 200. speaker pelosi just giving joe biden some advice for tonight. very interesting. we'll tell you what she said after this. ♪
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>> if you are asking me what advice, be yourself say the planet. stuart: did i hear that correctly, i do believe i did, that was speaker pelosi asked to give advice to joe biden, she said save the planet. that is interesting, do you have any comment on that whatsoever. susan: i enjoy the blue planet
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series, that is fantastic. stuart: that has david, the great broadcaster of the last three generations. stuart: he is my idol, of all the broadcasters, that man is my idol. absolutely surely is. watch tonight 8:00 o'clock this network for the pre-debate show, 9:00 o'clock fox news for the debate itself, neil cavuto, my time is up it is yours. neil: thank you, my friend very, very much. let's take a look at wallin broadway, the lit dow down a little bit more than 200 points, some hiccups expected here. we will be monitoring when we look at the debate tonight on this network including 8:00 o'clock in the debate itself, how foreign markets are taking this in our future market because it is actually a market moving event and i joked, not really joking that foreign markets are more intrigued

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