tv Varney Company FOX Business October 8, 2020 9:00am-12:00pm EDT
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subject. >> i think president trump can tie it to lawlessness. if that's what he wants to die on, he can tie to that stuff. the fact that he doesn't want to go to virtual debates he should hold own town hall. maria: thanks to president trump for joining us, dagen mcdowell, steve forbes, joseph pinino. stuart: do a show with joe rogan. great interview with the president. good morning, the headline this morning is not last night's debate. it's the next one, october 15th. it'll be all virtual, hold on, the for president just told maria he would not waste his time on a virtual debate and he was adamant.
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if it went ahead virtually, the nature of the interaction would change and interrupting would be much more difficult but the president says he's not going to do a virtual debate. that's where it stands right now. at last night's debate orderly fashion and kamala harris failed to answer on key issues, she deflect order laughed it all off. her silence revealed on what the biden team will do if elected. president trump goes all in on regeneron's antivirus treatment. the president called it a miracle. of course, he's been criticized for his use of an unapproved treatment. the stock, though, up big time,
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3.6%, $21 higher. now look at the overall market after wednesday's very, very big rally. 840,000 jobless claims last week. not having that much impact on the market this morning. we see the dow going up another 180. s&p up 21 and look at that the nasdaq going again up 101 points. possibility, they are still talking about some form of stimulus. that's a positive. looks like a still -- stalemate but they are still talking. the main point is, stocks have momentum and that is a big plus. thursday october 8th, 26 days until the election, varney & company is about to begin. ♪ ♪
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>> if the trump administration approves a vaccine before the election, should americans take it or you should take it? >> if the public health officials, if dr. fauci, if the doctors tell us, but if donald trump tells us we should take it, i'm not taking it. joe biden would not raise taxes on anyone that makes less than $400,000 a year. joe biden will not end franks, he's been very clear about that. >> you just heard senator harris tell you, on days, joe biden is going to raise your taxes and abolish fossil fuel and ban fracking. >> you want to talk about packing a court, let's have the discussion. >> i want to record to reflect she never answered the question. ♪ ♪ stuart: do you like the debate? okay. there you have it. the first and only vice presidential debate, of course, we will get more into that in just a moment. i've got to get back to real
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breaking news of the day, the hour, president trump telling maria just moments ago that he will not take part in a virtual debate. listen to it, go. >> no, i'm not going to waste my time in a virtual debate. that's not what debate asking all about. you sit behind a computer and do debates, it's ridiculous, and they cut you off whenever they want. [laughter] stuart: okay, not going the waste his time in virtual debate. look who is here wall street journal guy james freeman. james, if there's no second debate, that means no second chance for the president to catch up after his first performance. it seems like a negative for the president to me, what do you say? james: certainly with a candidate who is down in most polls, you would think he would want more shots to expose the weaknesses of his component, but he may feel that a format that's not a live debate is not going to allow him to do that.
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stuart: well, do you think this favors either side? i mean, no debates or a virtual debate? i mean, who does this favor? i don't get it. james: well, it's possible that he thought vice president mike pence scored a big win last night and they've regained the momentum. i think he's had some positive messages this week about living our lives and reopening and he's obviously decided that's the theme of his reelection right now, that he's for reopening and revival and joe biden is the shutdown candidate and he may think that although the polls are tough right now, ultimately americans will choose reopening and revival. stuart: all right, let's get back to last night. kamala harris in my opinion dodged many of the questions but the mainstream media went right after vice president pence instead. just watch this for a minute. roll it.
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>> it was really stunning to see the way mike pence pivoted almost at every question. >> he who commands the fly has been seen historically as mark of the devil. >> tonight he made my skin crawl. the constant interruptions, the man explaining. >> when i hear people say talk about man explaining and talk about things with kamala harris and a man shouldn't interrupt her and it's going to look bad, kamala harris is a vice presidential candidate. she should be able to stand up for herself. stuart: did you catch that, james? the fly is the mark of the devil. i think that's going a little far myself but i guess we knew the media would declare mike pence the loser and kamala harris the winner. no surprises, james. james: no, i think they may be annoyed that mr. pence really focused on the biden agenda
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which has not gotten that much coverage in this election season and specifically on the costs it could impose not just people in the energy industry although he did highlight a lot of those issues with the green new deal or the biden flavor of it, but for the economy, generally, clearly when you have a 4 trillion-dollar tax increase on an economy that's just recovering now, that's going to have a big cost and i think he was right to call out mr. biden saying, reminding him that if you're saying you're repealing the trump tax cuts, you're saying you're for across board tax increases up and down the income ladder. biden and harris are saying, no, they will only raise taxes on businesses and rich people, but if you repeal the trump tax cuts, that means people up and down the income ladder are getting tax hikes. stuart: yeah, i want you to deal with this real quick, james.
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i hear a lot of people on wall street favoring a biden win. but, you know, if he won you could still have elizabeth warren as the treasury secretary. what do you think warren as treasury secretary? james: i think it's interesting why we haven't seen the market pricing downward with mr. biden leading in the polls lately. i think part of it, it goes back to money creation, $3 trillion or so by the fed. i'm not sure you're getting a pure signal right now but as you suggest, there's also a sense that -- that he's not really a change agent that the change in tax regulatory policy may not be as dramatic as he is suggesting it would be but i don't think that's a good bet for investors who want to make an assumption that he doesn't really mean it in terms of the tax hike plan or the regulation plan on energy
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sources. i -- i really question that judgment. i think there was an argument that, well, he won't be adding as many costs on trade, but if you look at his agenda, it's -- it's an expensive trade agenda as well. so i -- i don't -- honestly i don't understand that but i do appreciate that a lot of people hold that view on wall street. stuart: okay, i hear you. james, thank you very much for joining us. i will move on and have a look at regeneron. the stock price is going straight up this morning. up 2.8% right now. lauren, explain why regeneron is going up so much? lauren: the president said it was a, quote, blessing from god that he caught coronavirus, stuart, because he was immediately given regeneron antibody drugs cocktail while in the hospital and made him feel good as new and he shared that with maria bartiromo moments ago, listen. >> i had regeneron, i don't know
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what would happen without regeneron, all i know i had it and i was better within 24 hours, i felt perfect. i feel perfect now otherwise i wouldn't be able to speak to you. lauren: he also said that eli lily therapeutic given to those with mild symptoms, that's important, because doctors can administer to stop or even prevent symptoms. lily has requested emergency's authorization for that drug and the president hopes they get it soon. he wants both drugs available for everyone for free, making the point that they are actually more important than a vaccine. i want to show you the stock's reaction to all this. tremendous week for both of the stocks. eli lili is up 2%. it's up about 5% on the week, regeneron is up almost 10% this week, stuart. stuart: quite a vote of confidence and endorsement from the president so regeneron and lily, i'm not surprised are up this morning. lauren, thanks very much,
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indeed. we have the latest on the stimulus talks. i'm not sure whether they're going anywhere. susan: we heard president trump mentioning this with maria just now, take a listen. >> well, i shut down talks 2 days because they weren't working out and now they are starting to work out and we are having productive talks, we are talking about airlines and a bigger deal with airlines. susus help for small businesses, another round of 1200 stimulus checks. we know there were 2 conversations between house speaker nancy pelosi and treasury secretary steve mnuchin yesterday. $25 billion on both sides. the markets are waiving it. did you see the jobless claims that we got? it's positive because it's down 9,000 from the previous week. we are looking at the weekly jobless claim. improving economy. stuart: we are up 170 for the
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dow. please, remember, we were up 500 yesterday. there was a big gain for the nasdaq and up again this morning on the nasdaq. about 100 at the opening bell. now, when it came to the issue of packing, kamala harris seemed to have selective memory about what joe biden really wants to do about fracking. >> joe biden will not end fracking. >> no, we would work it out, we would make sure it's eliminated and no more subsidies. i guaranty you, i guaranty you, we are going to end fossil fuel. stuart: okay, which answer do we go with here. this is important because we are talking about america's dominance in energy and our independence in energy, people need some clarity on this, we are trying to give it too. we just showed you president trump's regeneron treatment of cure, he looked good in the video and he sounded strong and energetic this morning with maria on the phone but do we
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need to see him address the nation in a live event putting him in front of a live camera, we are going to do that, we will ask the campaign about it next. and invented new ways to get by. others were busier than ever, and found strength they never knew they had. we sheltered with the people who matter most, sometimes finding how far apart we'd drifted. we worried over loved ones, over money, over our planet. and over take-out. and we found a voice one the noise out there had kept quiet.
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when the world starts spinning again, let's remember this time where none of us felt secure, and fight for a future where everyone can. because when the world seems like it's standing still... that's the perfect time for us to change it. but when i started seeing things, i didn't know what was happening... so i kept it in. he started believing things that weren't true. i knew something was wrong... but i didn't say a word.
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stuart: it is now october 8th, the october is historically very volatile month for the stock market. so susan, what do we look forward to in october? susan: going back to 1928 according to deutsche bank you can see a lot of ups and you can see a lot of downs, volatility tends to be the highest in october only settling down in the final 2 months of the year this is because presidential cycles, of course, and elections taking place in november every 4
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years, that excuse october and makes a month where the pattern really should have peaked when it comes to investor nervousnesses, the fear gage is what we call, and usually highest in the year in october according to macro risks over the past 50 years or so and october has also seen some of the biggest stock market declines in history. black monday in 1987, black tuesday in 1929, october is usually a month where mutual fund managers want to lock in the gains with the businesses and then close the books to make their year-end look a lot better. also by the way the month that you rotate after your strategy meetings in september coming back from the summer holidays, so october is a tricky month. stuart: of course, you have the election in less than 4 weeks' time, that makes volatility, all right. ly repeat this. breaking news, president trump literally moments ago with maria saying he will not participate
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in a virtual second debate. erin perrin, trump 2020 director of press communications. erin, i understand he's not going to do the virtual debate, is he going to hold a rally instead? >> yes, the campaign has put out a statement saying that the president does intend to do a rally instead of doing a virtual debate. listen, the presidential debate commission is clearly bias and full of never-trumpers and in order to try to distract from kamala harris' abysmal performance last night and the vice president's absolute dominance on that debate stage, they are trying to put the finger on the scale for joe biden and, listen, the president is not interested in doing the virtual debate. he would rather speak to the american people directly without the super biased debate commission getting in the way. stuart: does this blow out the second debate, not going to do, not going to have it? as of right now the president has been very clear he's not interested in doing a virtual debate and instead he will hold a rally.
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>> okay, i want to refer to the president's condition. i use that word, i think he looked good and vital in the video released about regeneron and this morning with maria he had loads of energy and on his game but i think voters would like to see him. they want to make their own judgment as to how well he's recovering. do you have any plans to put him in front of a live camera today? >> i certainly don't have any news to break for you on that, stuart, what i can tell you this is the most accessible president. he talks to the american people multiple times every day in a bunch of different ways and what that looks like for the president, i will leave that up to him on how he does and as dr. conely said he's back, we are excited to see the president doing so well out there talking to the american people and we know that any time he stands up and talks directly to the american people, the media absolutely loses their mind. so when the president does so, we know that it'll make big news but we know the campaign is out
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there with operation maga, the vice president will be out there today in arizona and nevada, eric trump in north carolina, don, jr. in florida. we are out there carrying the maga mantle for the president while he recovers. stuart: all right, how will you deal with the latest fox news poll because it shows that biden's lead is growing over the president, look at it there. a 10-point lead as of right now. i've asked the campaign many times, what are you going to do about these polls? and i always get the same response, well, our internal polls a different picture. tell me, how are you going to deal with these polls which are moving against you 4 weeks till the election? >> if polling was any actual indicator of what was happening you'd have president hillary clinton and not president donald trump but we know polling is notoriously wrong. listen, the media covers the president 95% with negative coverage so it's our job with the president, with the vice president, with the army for trump to stand up and get the
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facts out there. listen, the economy is one of the top issues and we know nobody has built a hotter economy than president trump, you heard last night that kamala harris said on days they would get rid of the trump tax cuts. that means taxes will be raised for middle-class families, that means good-bye opportunity zones, good-bye child tax credits. that's economic devastation. stuart: in the campaign battleground states, do your internal polls show the race narrowing or getting more in joe biden's favor? >> our internal polling is say ing what we have known the whole time, we are tied or ahead in battleground polls. we know that this is going to be a tight race. we've always under that and that's why we have a grassroots army that's out there. it's joe biden who is worried about the get out the vote effort and that's why the science must have changed for him because they are out there knocking doors when we have been
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making over 100 million and they will make a huge difference when it comes to results on election. stuart: i'm sure you're busy the day after the vice presidential debate. erin perrin, appreciate it. >> thanks, stuart. stuart: yes, this is a thursday morning, 7 minutes to go till the opening bell. you're seeing a lot of green, dow, s&p and nasdaq on the upside. back after this.
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on the election outcome as well as the prospects for fiscal stimulus and finally the vaccine. i think we get clarity on all 3 of those things and that's going to takeaway a lot of the uncertainty that's been in the marketplace and those are the primary drivers for another move upside, another move to the upside in u.s. stocks. stuart: do you think we get the 10% upside move regardless of who wins the oval office, whether it's trump or biden? david: i think it's pretty likely in either scenario. i think the thing that's been overhanging the markets has been just concerns about additional fiscal stimulus, and if we do get -- once we get the election out of the way, i think that unlocks the path to additional fiscal stimulus and that's going to unlock the upside in u.s. markets, so i think, look, whoever is in the white house come january 20th is going to be squarely focused on defeating the pandemic and getting the economy back on its feet, so the
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pandemic, i think, is really the main market driver, at least over the next 6 to 12 months as the economy recovers from the very, you know, difficult conditions that we saw earlier this year. stuart: would you still say that the market goes up 10% by june of next year if joe biden wins and appoints elizabeth warren at the treasury secretary? david: yeah, look, i think -- i don't think financial regulation is really very high on the agenda for almost anybody at this point. i mean, the case for a very restrictive level of financial regulation i think is fairly weak. the system is working pretty fine right now and i would -- look, the system has absorbed this -- this massive shock we've had to the economy and banks are functioning, the system is working well. the other thing to bear in mind, stuart, with financial regulations, the fed is the most important body here and from that perspective jay powell will
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remain as chair until february of 2022. so, you know, not much change i don't think we will see in terms of financial regulation. [bell] stuart: all right. david, thanks for joining us. we appreciate it, see you soon. you hear that bell, that means we are trading. 9:30 eastern time and right from the get-go we are up, nicely so, thank you. up 117, 109, not quite the big gain we were expecting but i will take it. up one-third of 1% for the dow industrials. and most of the dow 30 by the way are in the green. we've got a half percentage point gain for the s&p 500, nice gain there. how about that nasdaq? what's going on there? it's up two-thirds of 1%. nice gain. let's show you the vaccine makers focusing in particular on regeneron and eli lily, president trump hot on both of their virus treatments, he wants the fda to grant them both, get
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the products out quickly to the public. both stocks up nicely so, 16 bucks for regeneron, 284, 2% for eli lily, big tech, you to check it always, of course, we have a picture green. amazon, apple, facebook, microsoft, all on the upside. no huge gains, but plenty of green. ibm, i think that's up -- yes. we are not used to this. 6% up for ibm. susan: trying to make it simpler for ibm investors they say tax free, so big blue spending manufacturing service's units which helps companies reduce cost and makes it easier to find data and that unit is worth $500 billion in growth industry. so what's left, ibm wants to focus on cloud which is margins and more profitable.
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new ceo took over this year, his name is arvid, also behind ibm's biggest acquisition in history buying company around $34 billion. ibm as you know is being left behind in a technology war. the stock is down over 7% this year compared to that big cloud players like amazon, microsoft, google, all up 10 and 70% on the year and big blue is trying to find some way to stay relevant. stuart: i wonder how many viewers remember that ibm is called big blue. susan: really? i thought that was known knowledge. stuart: ibm stands for i've been moved. [laughter] susan: here we go. stuart: i remember these days. ibm, look at them up, up 6 bucks. the airlines, they are still hoping for stimulus from the government, ashley, what's the latest on that? >> yeah, still waiting at the
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airport so to speak. nancy pelosi and secretary mnuchin will reportedly talk again today about the struggling airline sector after a 20-minute phone call yesterday on the issue. that news alone has given boost to the airline stocks and 1 or 2%, united up nearly 3%, the carriers want another $25 billion in payroll support to keep workers on the job for another 6 months. the previous aid package that we have been talking about ran out on september the 30th, american airlines and united have begun the furlough of 32,000 workers, that began last week, tens of thousands more of those airlines and others have agreed to voluntary leaves, all reduced hours. without more federal aid, southwest airlines now says it will have to carry out the very first furlough in its history if workers do not agree to pay cuts. u.s. airlines says many more job losses are expected across the the industry in the weeks ahead if payroll support is not
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extended. we have been hearing about this from the airlines for the last at least 2 months, but now they are -- the stocks go up and down with each headline throughout the day, stu. stuart: reminds me of the expression, any day now, any day now, we might -- [laughter] ashley: yes. stuart: all right, ash, cosco, look at it go. well, not the stock price so much. business is surging i understand. susan: that's right. you saw big pop in after hours, bulk buying at discounted ratess is in especially for essential items. huge numbers in cosco, foot traffic in september continuing record run. up nearly 16%. stuart: really? susan: the last quarter of bulk discounter saw the largest quarterly sales growth in history, company's history in september and also benefiting from a later shift on labor day weekend and the moon festival and great momentum heading into
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the final months of this year, the final 3 months and final quarter, cosco sup 24% on the year. one of your favorite places to meet and greet your fans in maples, florida, right? stuart: whatever you say, yes, it is. susan: and the samples. you pay for the samples? stuart: no, you don't. i've got more for you. susan: yeah. stuart: dollar general hoping to bring wealthier shoppers in the doors? susan: when the name dollar general you are thinking cheaper, they are looking for a brand new brand of stores, party supplies, home deco, they will be in the suburbs of larger cities with two planned for nashville, tennessee area in the next few weeks and 30 by the end of next year. items would be priced low, mostly under $5 and designed to appeal to women from households
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that earn as much as $125,000. dollar general tried to attract shoppers and core customer are usually women from households that earn around $40,000 a year according to executives. dollar general sales have soared throughout covid because people have looking for deals and stores are closer to home and trying to hunt down an elusive pack, toilet paper or disinfectant wipes. in the most recent quarter the company is doing very well. we have sales up some 19%. stuart: look at the chart. that's a stock chart to die for. that's straight -- gradual sloping up to the right. susan: isn't it interesting? getting both sides of the market. stuart: now we have news on disneyland, oh-oh, disneyland in california not reopening any time soon, the latest, lauren. lauren: this story makes my
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blood boil, governor newsom says, this is a quote, to open up theme parks in california. they would be led by health first and we will be stubborn about following it. they are, theme parks, universal and others, they are losing money and laying off workers and they are impacting the local economies where they do business because they have been shut for 7 months and california will not even give them a timeline for when they can get back to business. how are you supposed to do business in california if that's the message that you're getting from local officials? disney is responding to this. they say we completely reject the fact that we are incompatible with the health first approach. we've opened our other parks with scientists advising us and we've done so safely. stuart: bob iger might want to think about giving his money to a different political party because he supports the democrats and newsom is a
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democrat and california is a democrat state and they are not letting him open his theme parks, okay, got it. thanks, lauren. poor lauren had to sit there while ranting on iger in california. lauren: i agree. [laughter] stuart: how about this? killer mike, he's on the show today, did you know he's the son of atlanta police officer and has other police officers in his extended family and he's very passionate about his community. a lot to go out with him. killer mike on this show. how about that? kamala harris yet again dodged the question on whether or not she plans to pack the supreme court. watch this. >> are you and joe biden if somehow you win this election going to pack the supreme court to get your way? >> i'm so glad we went through a little history lesson. let's do that a little more. in 1864 -- >> i'd like for you to answer the question. stuart: right. here is my opinion, if you don't answer that question about
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>> joe biden has been very clear he will not raise taxes on anybody who makes less than $400,000 a year. mr. vice president, i'm speaking. i'm speaking. >> the importance is that you say the truth. joe biden has said twice in the debate last week that he will repeal the trump tax cuts. >> the vice president earlier referred to as part of he thinks is an accomplishment, the president's trade war with china. you lost that trade war.
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you lost it. >> lost the trade war with china, joe biden never fought it. stuart: interesting exchange there with -- with ms. harris. very interesting. tyler goodspeed acting chair of economic advisers. i want to bring this to your attention, taylor. larry kudlow confirmed moments ago on fox news that the president is focused on stand-alone covid bills. now i think stand-alone bills would still require significant democrat support. can he get that support for stand-alone covid bills? >> well, first of all, stuart, please do alert me of a fly that lands on my headed to. i can confirm that what we did earlier this week was to detach ourselves from a negotiation process in which economic impact
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payments to low and middle-income households, support for airlines which is an entry that's been particularly hard hit by government-imposed shutdowns. what we did is detach those from a negotiation process in which they were being held hostage for the ransom of hundreds of billions of dollars in essentially bailout money to state and local federal governments. and so we are going -- we are absolutely committed to providing that relief and i think a testament to that is that back in august when many, many people in washington, d.c. could have act today provide payroll tax relief to workers during the pandemic, many people in washington would have provided continuation of unemployment benefits and could have provided relief for student borrowers but only one person stepped up and provided that target and timely relief. that's testament to our commitment in trying to deliver
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this relief where and when needed. stuart: is it totally politicized issue, isn't it? if you help and put out virus aid you want to get the credit for it and it's the question who gets the credit? >> it's staggering, stuart. at the end of the day we put forward a trillion dollars and the speaker essentially said she would -- we have made offer after offer, we offered $105 billion, the goal post was then moved. the goal post was moved. when it comes to state and local
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government, we provideed help for state and local governments. $150 billion and we offered $250 billion and, again, it seems the congressional leadership would prefer that -- that state and local federal governments get nothing than that they get $250 billion. mind you, we didn't rule out the possibility that we could revisit the issue in subsequent rounds of negotiations but $250 billion was upper-bound of our estimate of the anticipated shortfall and so we wanted to provide that and we could revisit the issue we needed in subsequent rounds of negotiation but evidently congressional leadership preferred that americans got nothing at this point than they get what's needed. stuart: all right, taylor, thanks for joining us, we will see you again soon. >> thank you. stuart: interesting story from jp morgan, they are investing $30 billion to narrow the racial wealth gap. susan: billions of dollars in loan to black and latino home
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buyers and small business owners, jp morgan as we know is america's biggest bank, $30 billion over 5 years over an extended period of time. 8 billions dollars will go towards mortgages to minorities and $2 billion to small businesses in chicago, la and detroit. still, though, you think about it 30 billion-dollar pledge represents a small fraction of jp morgan $3.2 trillion in assets. now remember back in 2017jp morgan paid $55 million to settle allegations that it charged some black and hispanic home buyers a higher mortgage rates than say caucasian or white home buyers and the bank also in 2018 set aside 4 and a half million dollars to recruit and mentor black employees in what they call antibias training as part of settlement with 6 black financial advisers who claim there was systematic racism at jp morgan. stuart: subsidy.
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subsidize mortgages and loans to small business runed by blacks and hispanics. i call it a sub -- subsidy. >> you can call it that, i won't. stuart: watch this and you decide. >> i just think covid is god gift's to the left. stuart: note the laughter there, that's very interesting i would say. we have more on that coming up for you, believe me, we do. the nba says they are likely to pull black lives matter messages off the floor next year. former nfl star hershel walker is here on that subject. he's in our 11:00 o'clock hour.
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house of representatives had issues to report sort of thing to be regulated or broken up. i think broken up was the expression that was used here. our next guest says it's a buying an opportunity. >> how are you doing? stuart: i'm doing well, ray. both sides of the i'll calling for either regulation of big tech or just break them up. i can't see how that's a positive, do you? >> well, actually it is when you're buying -- on the stock side in terms of the value stock because a lot of the stocks couldn't be worth more broken up than together. so if you take apple -- stuart: which ones would be more worth more broken up than they are now? >> i will give you an example, amazon and aws unit on the cloud-side of business can be stand-alone business and do well. amazon on its own in terms of other units they are coming up with, in terms of what they have not only in retail side but what
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they're building in the future. facebook doesn't make sense broken up. apple doesn't make sense broken up but google has its own cloud unit but some of the businesses can turn out to be more valuable as stand-alone entities. should they be broken up? no. these companies are bringing much more benefit together competing in a global stage than they are apart at the moment. stuart: look, i was on the air reporting on the attack on microsoft back in the 1990's. the government went right after them. chased them down and the result was that microsoft was ham-strung for a decade. you can have the same thing happening to great names of technology now. >> that could happen in the case, but i think there isn't a good case in general to break them up because the consumer is getting a benefit at the moment. prices are still going down. you get a lot of free services from search to maps to lower
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costs and shopping. so the benefits currently outweigh the costs. you still have free markets and fair competition, yes, you pay 30% to get on the google store or apple store but the main point is that's distribution network going direct to consumers, takes away so much in costs. so right now -- there isn't a real good case at all for any kind of antitrust action. it's more political around at the moment. stuart: yeah. >> when we do get to the point where there isn't the competition and we don't have fair markets, then they should be broken up. but right now with all of the talk, my guess it won't happen. stuart: don't forget the politics of this. got it. thanks for joining us again. appreciate it. still ahead here is what we have, brian brendberg, pete hegseth and joe concha all on varney today.
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stuart: almost exactly 10:00 eastern time. we've been open for 30 minutes. we have a modest rally after yesterday's big rally. we got this too. larry kudlow confirming on fox news this morning that the president is focused on stand alone covid bills. the big headline though this morning is the president. he says he is not going to participate in the next debate because it will be virtual. he says he doesn't want to waste his time in a virtual debate. stock of the day at this moment, probably regeneron. up about 2.3%. after the president called his
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virus antibody treatment a miracle. he had been using it since last friday. thursday morning. just after 10:00, you know what that means, ashley, mortgage rates. what you got? ashley: yes, thank you very much. the rate this week, stu, comes in at 2.87%. down ever slightly from 2.88% last week. this has been aroundth level for a while. freddy says rates flattened last month, albeit at record low levels. he said the economic rebound is certainly slowing down. that said, demand for housing is still strong especially among first-time home buyers and more affordable regions like the midwest. we have record low levels of the rates on 30 year fixed rates. that's great. the demand remains strong and i would say encouragingly among first-time home buyers.
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certainly a suggestion that the economy not picking up as fast as maybe it was two months ago or so. so, you know, a good and bad news report i guess. stuart: i would invite our viewers to take a look at the florida market which is pretty strong i would say. you know that for a fact, ashley. ashley: i do. stuart: dow up 118 as we speak. the nasdaq is up 58. and now this. the purpose of debates is to show voters what the candidates would do if they won. kamala harris didn't tell us. mike pence pushed her. he was cool, he was calm but senator harris deflected the important questions or just laughed them off. actually i think her silence spoke volumes. case in point, packing the supreme court. pence asked about it repeatedly, didn't get an answer. instead harris deliver ad history lesson about abe lincoln. i concluded that she would
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appoint extra justice to guarranty a liberal majority court forever. that she will pack the court. that is what i got out of it. hehere is another issue she ducked. taxes. would a massive tax increase hurt the recovery? no answer to that question. she did say she would raise taxes on day one if elected. she deflected. talked about infrastructure spending and no clear answer on taxes. green new deal. how about that? the senator harris ignored the question. ban fracking yes or no. she contradicted both her earlier statements and joe biden's. this is very important because america's energy independence is on the line. there was one statement from senator harris that really stood out for me. she said the response to the virus was the greatest failure of any american administration. she never said how the biden team would have responded. she did say that if president trump recommends a vaccine she wouldn't take it.
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so after herculean effort to get a vaccine in record time, senator harris just dismisses it and undermines the whole vaccine effort. by not answering questions about the important issues senator harris perhaps inadvertently covered up what a biden administration would do. i have to conclude they will pack the court, destroying its independence. they will drastically raise taxes without regard to the consequences. they will go forward with the absurd green new deal, yes, they will lock you down again, handing over control of the economy to the scientists. it is not a question of who won the debate last night. it is a question what it revealed. the second hour of "varney & company" just getting started. ♪ >> you lost that trade war. it is because of a so-called trade war with china america
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lost 300,000 manufacturing jobs. farmers have experienced bankruptcy because of it. we are in a manufacturing recession because of it. >> lost the trade war with china? joe biden never fought it. joe biden has been a cheerleader for communist china over the last several decade. stuart: well i would pick up on the manufacturing jobs loss. senator harris said 300,000 u.s. manufacturing jobs lost because of the trade war with china. that doesn't seem quite right to me. let's have brian brenberg, economics professor at kings college in manhattan set the record trait, brian. >> stuart, i'm not surprised kamala harris chose that 300,000 number. it is not fact. it is conjecture. it is based on an estimate from moody's. you might know moody's. they're the guys who are saying joe biden's tax-and-spending plan will create seven million
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more johns than the trump plan. they are the one who said in 2016 if trump was elected we would see a massive recession and spike in unemployment. they're consistently wrong. they're biased in my view and maybe more than a little bit. this is pure speculation. harris and biden have to resort to conjecture, if you go on the facts they don't have a case to make on the economy, especially during the first three years of the trump admin. stuart: so 300,000 manufacturing jobs have not been lost because of our dispute with china, categorically not, is that right, not? >> we, the first three years of the trump administration we added half a million new manufacturing jobs. stuart, the 300,000 is moody's conjecture where we might have gone. don't buy it. we can't live on conjecture, stuart. we have to live on facts. stuart: now talk fracking, that is extremely important question
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because america's energy independence is at stake. brian, listen to this exchange over fracking. roll tape. >> i will repeat, and the american people know that joe biden will not ban fracking. >> you yourself said repeatedly you would ban fracking. you were the first senate cosponsor of the green new deal. stuart: brian, which is it frack or not frack, which is it? >> wouldn't you really like to know what biden-harris will do? they won't answer a straight question. they say both things. when you say both things the answer is who are they beholden to? you know the answer to that because both harris and biden had to pander to the left to stay alive and for biden to eventually win his primary. at the end of the day the gravitational pull is left. fracking has a short life under this administration and until they will go back and repudiate what they said in the past and say it clearly, we know where
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the allegiance really lie her. stuart: if you ban fracking, say good-bye to america's energy independence, america's energy dominance. that is my opinion. i think you agree with me. thanks for being with us, fellow. >> you bet, stuart. stuart: got it. stuart: back to the market. pretty good rally. it is not huge. we're up 102 points as we speak. all right, now this. money is pouring into america. oak, it is hard to track it but it is no surprise. it is coming here because america offers a return on your money. what a concept. you buy an american treasury bonn and you get some interest, not much but you get something. that is not true if you invest in bonds from european governments or much of asia. there they take your money and they don't give it all back. yes, they're still in negative
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interest world. mark grant is with us, he is the guy pointing this out to me for a long time. mark, i don't know what the long-term consequences of this are but i surely believe that it makes our debt much cheaper to finance. have i got that right? >> yes, stuart, you have that exactly right. as a matter of fact there are only three major companies, countries in the world with positive interest rates right now, the united states, canada, and australia. all the european countries, most of the asian countries have negative yields even after 10 years. so it is creating -- [inaudible]. very large money managers directly -- [inaudible] stuart: hold on, everybody. >> keeps coming into the united states only place left to get yield. stuart: let's continue. mark, we have a little bit of interruption, a bit of a freeze on the shot there.
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we got the gist of what you had to say. >> sorry. stuart: it is not your fault. it is wonderful technology we have not quite mastered just yet. that is bond and treasury rates. let's deal with the stock market side of things. you're worried about political uncertainty in the markets right now. spell it out, mark. >> absolutely. what we're seeing the yields even in our bond markets won't support the life-styles of seniors or retirees. won't support insurance companies, pension funds, university endowments. what we're seeing is a move out of bonds into high-yield bonds which obviously carry a lot more risk. or the equity markets hoping to make money on appreciation. one of the things i've been saying consistently for the last month or so since you mostly talk about equities, let me make
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a bond comment, i'm the anointed bond guy, people should look at their bond portfolios especially zero through seven, eight years and see what kind of profits they have, whether it is worthwhile taking those profits since most bonds mature at par and locking up some gains. in terms of the equity markets they keep pushing tech, they keep pushing these business development companies. it makes me somewhat nervous when there are blank check companies that are some of the high-flyers in the equity market having been around wall street more than 40 years, it is my opinion that that is not going to go on forever and you got to be prepared for it. stuart: should i sell my microsoft now, mark? >> you know, i don't think it is all or nothing. i think, stuart, it's a question of paring it down, having some extra cash going into the
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elections just making sure that you preserve your capital which is a heck of a lot easier than trying to make new capital. stuart: at my age that is exactly what you try to do forever. mark grant, we'll fix the technology later. mark grant, you're all right. thanks. >> thank you, stuart. stuart: we're going to check those airlines. why not. speaker pelosi, treasury secretary mnuchin in talks for 25 billion-dollar stand alone aid package for that industry. it comean capping ceo bonuses, stopping stock buybacks, even the government taking an equity stake? would that be worth it? all right, we'll ask the question. and now this, 128 illegals arrested in california sanctuary cities in the last couple weeks. of those apprehended 96% either have criminal convictions or are pending criminal charges. ken cuccinelli on that coming up shortly. also ahead, rapper killer
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mike, he has been very vocal about the rioting in our cities and defund the police movement. after all he is pro a police family. watch this. >> i'm the son of an atlanta city police officer. my cousin is an atlanta city police officer. and my other cousin is east point police officer. i have a lot of love and respect forepolice officers. stuart: killer mike on this show moments from now. our retirement plan with voya gives us confidence... ...we can spend a bit now, knowing we're prepared for the future. surprise! we renovated the guest room, so you can live with us. i'm good at my condo. well planned, well invested, well protected. voya. be confident to and through retirement.
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♪. stuart: we're holding on, barely to the rally. we're up 80 on the dow, 44 on the nasdaq. why don't you show me roku because i think it is up -- yes it is. 5% up. 224 is the price. what is going on? susan: a pair of upgrades today. start with needham raising the price target to 255 for the stock. so there is still some upside. deutsche bank raising the price on roku to 235. it hit a record high. it surpassed the highs in the past we're. the reason people are streaming, staying at home instead. roku reported billions of hours being streamed during the covid lockdown. this is the takeaway and stay at home winners. stuart: it is the streaming stock. streaming is winning so big time. susan: they control 40% of the market on television records and boxes that play out some of the streaming services that you have. even you have one, right? what does that say. stuart: somebody gave me a roku box. i gave it away.
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susan: usually comes free. stuart: i'm sorry about this, susan. constant subject of conversation. oh, this is good. we got news on a new fda approved rapid virus test. it is from the doctors at ucla. lauren, the news please. >> that is the wrong picture of the screen. this is not a swab that goes up your nose, ouch. you just spit in a tube, you get your results within 12 to 24 hours. the cost is $10. ucla says it is scalable. what that means a small team of 10 people can process tens of thousands saliva samples a day. i want to point out, the fda has not approved any covid test but yes, they have given emergency use authorization to more than 270 tests including this latest rapid one, stuart. stuart: i don't want to give you too much information, lauren. but i did take a spit test yesterday. but i had a great deal of trouble getting enough spit to fill the little thing you're supposed to fill up.
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but i tried, i think we'll move on. lauren: would you rather they stick a swab up your nose all the way up to your eyeball instead? stuart: no way, no way. let me have the spit test. our next guest ran the numbers on the biden-harris tax hike. $2,000 a year extra for the median income family of four. grover norquist put that out. he is with us now. grover, extra 2,000 bucks a year for the median family of four but that is not what the biden team is saying. you only pay more taxes if you make more than 400 grand a year. justify your 2000 bucks. >> the president, mr. biden is saying two things that cannot be both true. he is repeatedly said on television, we've strung them together on a video and sent them out to everybody, i will repeal the entire trump tax cut. the entire trump tax cut, day one he often says, day one.
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and kamala harris said exactly the same thing 13 different times. we have nine times biden saying he will repeal the whole thing. since the tax cut you can look at it was a 2,000-dollar tax cut for median income earner for two children, four parents, four people in the family, that is 2,000-dollar tax cut when you take it all together, median income. that would all go away. one way to think about that number is 22 million americans got 1000-dollar tax credit under the old system per child. there is now a 2,000-dollar tax credit per child. and that now 33 million people, the income that people can get at went up as well. so they doubled the per-child tax credit. they doubled the standard deduction from 12 to married couple to 24 single, six up to 12. you have can see those numbers, when you add everything together, the direct, the tax cut on your personal income
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taxes is $2,000 for that median family and they're fibbing because their argument is nobody got a tax cut. if you add in the real value to americans of the corporate income tax where 50 to 60, maybe 70% of that goes directly into wages, so when companies get more money, earn more money, allowed to keep more money after tax, 60, 70% goes straight into wages for workers, that is not even counting that in because of course that is too much to ask biden to understand. stuart: grover, so it is not just tax the rich, it is tax middle america. that is the way it is going to be. >> trickle down taxation. stuart: you got it. that is good word. trickle down taxation. i will steal that from you. >> do. stuart: trickle down taxation. see you again, grover. see you soon. >> takes care. stuart: from silicon valley, isn't entirely expected, the
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tech guys emptying wallets for presidential campaign. they're definitely favoring one candidate. lauren i know who it is. tell us formally. lauren: you don't need to tell me it is joe biden but tell you how much silicon valley is favoring biden. looks at the latest numbers, since last year, google, amazon, apple, facebook, oracle, and microsoft, their employees have contributed 4.78 million to the biden campaign versus 239,000 for president trump. the biggest democratic donor is google with about a third of those funds but this was also interesting. these six companies, their campaign contributions are up for both nominees, compared to 2016. so they have given two times as much to joe biden as they did to hillary clinton and four times as much to president trump for this go round. stuart: there is still enormous
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gap between what trump gets and biden gets. gigantic gap. lauren: more is at stake, if you ask me about all the regulation that could be coming down to these companies especially with the house report. i might reverse some of that funding. that is just me. stuart: it is me as well, ash lip. lauren, thanks very much. show me this one, please. coty, as in coty beauty, that stock is up 8%. they announced they're expanding kylie jenner's skin care line, it will be available in britain, france, germany, as australia. kylie jenner is one of the stars of keeping up with the kardashians. how about mcdonald's, their sales are bouncing back. what are they doing right. susan: drive-thrus, you know who travis scott is? stuart: rap star. >> you node who he partnered
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with? kiley. sales turn around at golden arches up 4 1/2% from july through sent. coming up from 8 1/2% drop during the spring quarter. people staying at home because of covid. mcdonald's offering simpler method which made drive-thrus much faster. offering the first celeb meal in 38 years. 38 years since michael jordan's last meal in 1992. that led to a 20% jump in app downloads in september. thanks to the celeb success. they're partnering up with a reggae star, joe belvin. must have fins, cinnamon rolls will join the all-day menu. first kang of the standard menu at mcdonald's in eight years. people raising price targets from 225. stuart: you went to a fast-food operation, they want fast-food.
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>> i'm the son of an atlanta city police officer. my cousin is an atlanta city police officer. and my other cousin east point police officer and i got a lot of love and respect for police officers but we have to be better than this moment. we have to be better than burning down our own homes. stuart: all right. that is michael render, also known as rapper "killer mike." he is one-half of the hip-hop duo, run the jewels. as you heard he is a son of an atlanta police officer. he is active in politics. he was a bernie sanders surrogate. he is a proud business owner. he got backlash meeting with
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governor brian kemp on the state of the economy. killer mike, good to see you, sir. >> good to see you. stuart: i got a big picture question to start with. i know that the black community has a great deal of political power at this moment. >> yes. stuart: you got that power. >> yeah. stuart: my question, how do you turn that into economic success? what do you say? >> let's first acknowledge you have around, usually groups of people form economic power and their influence politics. african-americans have had the unfortunate history of not being allowed to be in the economics game except for being property of the state which we were brought in 1619. and then after even having freedom and emancipation, having toe deal with jim crow, red lining things that made it incredibly harder. not even participating in the g.i. bill. we treat the black phonings like
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a dollar. we use that voting block to help on local elections to help national people win. what we need to start demand in return for that vote, the municipalities banking with our institution, ines having in us as young business people and gives us opportunity america has promised. we can more grownly affect the globe financially. what we need to do at this moment what we need to do at this moment besides voting, take care of our dollars. we need that by banking with -- [inaudible] stuart: got it. president trump announced a couple weeks ago he has got this 500 billion, half a trillion dollar, i think he calls it the platinum plan. i'm not sure the name of it. he wants $500 billion to be invested to flow into the black community. are you proof of that? is that something you can really go for? >> do i approve of five billion dollars coming to the black community? stuart: 500 billion. >> 500 billion. i would approve if aliens came from mars.
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i would approve of a lot of things. i think this country actually owes us in terms of rep pa is as and investment over 16 trillion. but what i do like about the plan is that we were actually given a plan that is for black people. i think that the democrats and republicans can do a better job at helping the african-american community, especially the african-american community that is the foundation, meaning people brought here on slave boats from 1619 through the 1800s. i believe if our community is stronger economically the greater community is stronger. how do you strengthen the economy. teach people literacy. small and regional banks with easy access greenwood which is on your phone. use your dollars like a vote. focus those dollars. when you have a greenwood check, banking card, once you use the card it goes to help organizations that helped black people. it is going to help businesses by putting capital in the businesses with people that look like me. so i think that you know, that
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money from him, money from any party is owed and due. it is not a gift. it is not benevolence doing it. he understands as a business person if the african-american community is robust with 3 million new jobs 500,000 new businesses and 500 billion influx in capital, that community will serve the greater community and that dollar will turn in america more often, giving us a stronger country. stuart: mike, i'm sure you know this, b.e.t.'s founder rob getter johnson and weighed in on the election. he said, i'm quoting now, i will take the devil i know, i believe that would be president trump over the devil i don't know anytime of the week and that would be joe biden. what's your reaction to that? >> my reaction if a billionaire who has done business and is from my community, has done amazing amount of good in my community refers to both men as devils, i could say well he knows something about the way
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they have done business. the devil i know is the old adage, you stick with, you there are no kind masters if they're both masters. mr. johnson has mastered the dollar. i think i'm encouraged rather, i'm encouraged about the fact he talked about reparations with trump. he didn't go there begging for something. he didn't say like me, let's golf. he talked about reparations. talked about getting our community to a point where we can do better. no matter who wins we're owed something as a community. no matter who he supports, who i support, whichever devil makes it to office owes us a due. i want to know black america, whether the devil you know or the devil you don't know, you are due something. jesus had to talk to the devil and make sure the devil is above bribery. whichever devil you deal with, make sure there is something to the other side for the community. robert johnson he knows both
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devils. i know neither. i am seating for best interest of my community. i'm encouraged you to vote down ticket, too, not just the two devils at the top. stuart: i'm getting devils mixed up. >> we do too in my community. [inaudible] stuart: i just want to shift the discussion just one second here. the nba commissioner says that social justice messaging, blm signs on the court, may not appear next season. maybe taken away. what is your response to that? >> well i don't know about black lives matter, the organization. i'm not a member. but black lives matter the sentiment is something i care about. greater than a floor sticker, what i would like to see the nba, i'm fortunate to have my barbershop chain, the swag shop in one of the nba arenas, thanks to tony rexl-r, many other people here in atlanta. we do business with the nba.
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what i would be more inpressed to see nba players move their sources and money to greenwood. what i would be more impressed i know players will do it, they're black men and understand the need for capital in our community i would like to see the teams bank with greenwood and the nba itself bank with greenwood. it is beautiful to put stickers on the back of a car to vote for a can date. it is more beautiful to strategize, mobilize with the dollar to help the community. i appreciate the nba what they have done in the brother. i appreciate brilliant brothers chris paul organizing within the nba to make sure young brothers are socially aware. i want to challenge the nba as an organization, not just guys running up and down the court, but as a whole culture. let's move some money to an african-american organization, particularly greenwood, so we may be capital investors and providers for the next wave of business owners hopefully to go on to own businesseses to
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service our community and hopefully own teams in the nba as well. stuart: greenwood. we hear you, mike. it is rare we have anybody on the program called "killer mike." you're absolutely unique. i kind of enjoyed it. it was interesting to hear a different point of view. we're glad you're with us. we hope you get the message out there. "killer mike." thanks for being with us. see you soon. >> i appreciate you greatly. you guys have a dope day. stuart: thank you, sir. appreciate it. back to the markets. we end up a bit the last few minutes. now we're up 150. the nasdaq is up about 50 points. what was that about a new high? what was that? the dow and the s&p, hit, no, the dow -- producer it talking to me in my ear. the dow is at its high of the day. susan: yes. stuart: the s&p is at its high of the day. they're not at their record highs of all time. there you go. susan: no, no. you should point out that the
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network, to find out if you can save on your prescriptions, and to get our free decision guide. humana - a more human way to healthcare. stuart: all right. look at the airlines. most of them are up again today. two republican senators speaking out. concerned, about the airlines, what? susan: they're expressing concerns about another round of taxpayer-funded grants for the airlines this. is senator toomey and lee. they say no other fortune 500 companies have received taxpayer-funded grants urging airlines to tap the cares act loans instead. there is still money on the table when it comes to the cares act.
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we'll listen in to nancy pelosi in a few minutes to see if there is any progress when it comes to stimulus talks but you know there is talk also more airlines will go under this year. so far 43 commercial airlines around the world file for bankruptcy. that is higher than the years 2019, 2018, and more to come. stuart: they're saying the worst is yet to come. but the market shows them going up because they're thinking about this 25 billion-dollar rescue package we are still talking about, i'm not, but speaker pelosi and treasury secretary steve mnuchin are talking about a 25 billion-dollar aid package. got that. joining us now, sarah nelson, president of the association of flight attendants. sarah, thank you for being on the show today, we appreciate it. i'm sure you're pounding the table. you want that money because you people are really suffering. we all understand that but what about the strings that are going to be attached like, for example, capping executive bonuses, stopping all stock
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buybacks, the government taking a piece, an equity stake in the airlines, are you okay with all of that if you get the money? >> those are all of the things that both the unions and airlines agreed to in march and those are the things we pushed for and there is a direct return to the public for this service because what this does it keeps us in our jobs t requires the airlines to keep all of the workers in their jobs connected to our health care. it also requires the airlines continue service to all of our communities. so the other piece that is really important here is that we're continuing that service to our small communities, keeping people connected during the pandemic. our demand is down more than 50% right now. there is 750,000 airline jobs. so this is about supporting a huge number of jobs with a very successful jobs and infrastructure program that has been proven, that has almost unanimous support in the congress. and that's why we want to continue that.
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stuart: sara, we just read this report by some people think the worst is yet to come for the airlines. >> yeah. stuart: i can understand that point of view but if that is the case, the worst is yet to come, then surely we're going to be in for a lot more help for the airlines, not just 25 billion now but so on down the line. what, hold on a second we're not too keen on that? >> actually what we're talking about here is continuing requirement of keeping people in their jobs for another six months. continuing this service for another six months. what that does, that gets us six months closer to a vacs seen. it gets us closer to a testing regimen. there are a lot of reports that say we're going to be in a recovery place at that time. right now we're in the middle of the crisis so we should continue this successful program that has been working. it is the best use of the public's money. we have this documented that it is 70% of the payroll. those people are all taxpayers. we are taxpayers. we're continuing to pay our
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rents. we're continuing to spend into the economy and we continue to pay our taxes. so there is 100% return to the public for this investment. we continue that critical infrastructure at a time we need it so badly. stuart: very articulate spokesperson for more help from the government. look, i think this point has to be made a lot of people want you to get this money because through no fault of your own the airlines have been shut down. through no fault of your own you're out of a job and out of income. i, sara, i'm terribly sorry, i got to leave it there i think you have a lot of public support on this one. i want to say that. sara, thank you. >> thank you, stuart. stuart: thanks for being here. next, something really different making a strikingly bizarre remark about the pandemic. you got to watch this. >> i just think covid is god's gift to the left [laughter]. stuart: god's gift to the left.
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she thinks the virus could help biden defeat trump. tomi lahren is fired up about that. yes she is on the show. next ken cuccinelli is here. over 100 illegal migrants arrested in california sanctuary cities and state. the whole state is sanctuary. he is talking about that after this. you know, malcolm audible's got more than audiobooks. of course, podcasts. originals. bestsellers. future bestsellers. sleep stories. malcolm! the most inspiring minds. the most compelling stories. all in one place.
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stuart: i.c.e. and the department of homeland security have arrested 128 immigrants in the last five days in three california sanctuary cities. this is part of operation rise. seems like a good time to bring in ken cuccinelli. he is the acting dhs deputy secretary. ken, what's going on here? because a few years ago, or even a few months ago that kind of arrest of illegals in a sanctuary city would have created mayhem all across the country but now, you're doing it almost as a matter of course. have the political times changed? >> well, we certainly are doing it as a matter of course. that is how the president wants
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us operating and, and we highlighted this particular operation. you saw the secretary and the director of i.c.e. speak to it this week. we want the sanctuary cities folks to know this enforcement will go on whether they cooperate or not. we want the citizens to know we'll do what we can to keep them safe even while their own local governments take steps to protect criminals strike timizeing people in those communities. this is, i think you phrased this well. this is how business ought to be done at i.c.e. and we'll keep doing it this way. stuart: is this a gradual breakdown of the whole concept in sanctuary cities in california as a sanctuary state? >> well it is certainly part of it from our perspective in terms of the practical outcome. what matters to us is the ultimate goal of deporting violent criminals in particular those breaking the law and they resistance of so-called sanctuary cities to those
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efforts, we're demonstrate something fruitless. we always would rather cooperate but we'll continue to enforce the law regardless of whether they cooperate or not. the results will be the same. that's the point here. stuart: now you're clamping down, i don't know what the right word is, but you're making changes on h1b visas. >> yes. stuart: companies bring in workers from overseas. as i understand it those workers coming into the country on h one b visas will have to be paid more. that is simplistic explanation of it. that is the bottom line. big tech companies are really opposed to this. silicon valley draws in the best talent all over the world and changes to the h1b visa will make a difference to our great technology companies. what is your response? >> well they're certainly not paying the best talent in the world bottom of the barrel
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salaries and so the department of labor regulation that will raise those wage requirements for these high-tech workers will make americans more competitive and will screen out frankly the low-paid foreign workers who are being used to undercut americans and to depress wages. so, stuart, i just reject their premise that this will somehow get in the way of bringing the best and brightest. that will focus the h1b which is high-tech visa program on the best and the brightest and i would add the dhs regulation stops third party companies from subcontracting out h1b employees. this is where you hear the horror stories of disney and at&t and the tva where americans have to train their foreign replacements. that is coming to an end under president trump with this set of regulations. stuart: ken cuccinelli, thank you very much for joining us this morning.
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two very interesting subjects. we appreciate you being here always. thank you, ken. >> good to be with you, stu, my pleasure. stuart: big show coming up. pete hegseth, nfl legend herschel walker. "wall street journal" guy dan henninger, folks nation's tomi lahren all on deck. you will have my take on the supreme court showdown. i will call it, i am calling it an atomic event. i will explain it all, third hour of "varney" right after this. ♪ so you're a small business,
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>> i'm not going to waste my time on a racial debate, that's not what debates are about, you sit behind a computer into a debate that's ridiculous. then they cut you off whenever they want. >> it is clearly biased and full of never trumper's and swamp creatures, the president is not interested in doing a virtual debate, he would rather speak to the american people directly. >> it's possible that they thought vice president mike pence scored a big win last night and they regain the momentum. >> what you really like to know what biden and harris are going to do, they will not answer a straight question, the end of the day the gravitational pull is left. >> webers and the white house come january 20 will be squarely focused on defeating the pandemic and getting the economy back on its feet. >> congressional leadership
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differed that america did nothing at this point then then they get what's needed. ♪. stuart: that is shania twain. did you catch all of that montage that we gave you there. what a huge morning we've had so far. remember the entered word huge, we used to use it when enter president trump, it was a huge morning. crucial walker, dan henniker, all of them coming up this hour. check the markets again, we still have a modest rally in place. the dow was up 100, the nasdaq is up 42, s&p is up 20 and now this. on monday, the hearings began on the supreme court nomination of judge amy coney barrett this may either october surprise that we
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hear so much. i think it'll be more than that, i think it'll be an atomic event, excuse the hyperbole but i think it's warranted i everything is in place, the personalities, the politics in the states and the election, lest we forget the current presidential candidate joe biden who presided over the explosive clarence thomas hearing, biden shared the judiciary committee when now justin enter justice thomas exploded with his famous challenge, this is a high-tech public lynching. and represented the biden ticket in the late hearings, they start next week, vice presidential pick, kamala harris will be asking questions, the chair of the committee is lindsey graham, remember his performance during the kavanaugh hearings, he exploded at the assassination of the judge and likely to do it again if the democrats pull out similar tactics like drug
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spirit. at stake is the culture for generations it is been led by the liberals on the supreme court, they've used as a legislature. if judge. becomes just as parents, the balance in the court in the culture are likely to shift firmly to the right, that would be historic. the democrats faced the most risk in these hearings if they attack judge barrett's character and hit her with dubious and unfounded charges, if they attack her faith or her adopted children, then they lose. voters did not like the attacks on judge kavanaugh and they won't like any character assassination of judge barrett's. monday october the 12th, the hearings began spread over a week, it will be hard to ignore such a monumental event played out on every tv screen. the third hour of "varney & company" just getting going. ♪.
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stuart: i think it's a dose of pete hegseth, he's a week and cohost of "fox & friends". all right pete, on the nomination of judge barrett, the president says it'll be the republicans fault if she does not get through the election. what do you say to that? >> he is entirely right, it is donald trump who is taught republicans how to fight, without donald trump you're probably not making the pick right now, you might be bound to the leftist and the establishment, we have to wait until after the election when we know if the left had the vote and the power that they would nominate a radical leftist judge like rbg. it is all on the republicans, all on the table, i agree with your take at the top, the reason it will be explosive not because amy coney barrett is vulnerable, she is qualified in quality as a human that we see in only two
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factors at a play that will make it expose them, one is donald trump and everything with him sets the left hair on fire and number two the issue of roe v wade, abortion, that is a huge sticking point for the left, immobilizes their base and this is a chance to sway the court that will change decisions on life in this nation for a generation and has huge consequences. between the two things, the left cannot resist, it is going to be something to watch. stuart: it will be an atomic event, i coined that expression, i want to patina and money if you use it. now, the president also announced on fox business this morning with maria he said i am not interested in a virtual debate, what you make of that? >> totally right. what in the world is this commission doing. he can easily get a couple of negative test before then along with anyone else from his campaign or the white house who would go with him. what is it, this bipartisan
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establishment commission has always felt a little offkilter to begin with, here in this instance, they are unilaterally think we cannot make this happen in person, basically caving completely to the joe biden view of the world, the president is entirely right, he should not do a zoom call for president. if you need to miss one, then let's put all the chips on the table for the final debate in person with joe biden, let's have one more than. but you cannot dismiss how it under places significance of the moment to do it on a zoom call, you and i do this over skype right now, that is fine if you're unfortunate i wish i was there with you. but for the presidency, unacceptable. stuart: i entirely agree. lots of tv people have this problem over the last six months, you are doing a remote interview in an electronic relationship is just not the same as face-to-face, you and i going at it next to each other.
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>> i miss seeing the stuart varney shimmy, that's what i miss the most. i just don't get it over the tv screen. imagine this we are talking about moving candidates, that's not hard to do remotely. hey, your mic is cut, when you were in person you can have that report or how about electronic earpieces, how about microphones, how about notes, how do you oversee all of that, through the whole thing into question, the president has made threats before about testing things like this, ultimately this is one i think he's got to stick with. stuart: real fast, we're president trump announcing that our troops will be withdrawn from afghanistan by christmas, put that in a tweet, you fought there. i just wonder how you feel about this and what you feel about if joe biden were to win the election, what happens then? >> it's a right move by the president, he said he would draw down we ultimately have, the war
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that we fought 19 years ago is different than it looks today and he's right to pull the troops out in these said he would. but that is based on the fact that he knows there is threats around the world that we need to face like i wrong, like china, those are the types of adversaries that joe biden has totally ignored making horrible deals unto deals with eye iranian and downplaying even to this day. president trump has focused on what matters and joe biden has been wrong on everything paid want to debate with, here's trying to defend the joe biden record, it was terrible, mike pence you exactly where to go, she stuck on foreign-policy knowledge and joe biden has been wrong about everything and is 47 years. stuart: i think it was a mike pence when last night simply because, let here's did not answer the key questions, i don't know if she wants to pack the court, i suspect she does, i don't know she really supports the green new deal, i suspect she does. that is her failure to answer the spoke volumes about what she would do if elected. i am out of time pete.
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>> now she loves fracking, who knew, they love fracking. stuart: i love that word. even with a british accent, fracking. thank you pete, you're all right, we will see you again soon. look at the markets, up 105 on the dow and were up nicely about 60 on the nasdaq. look who is here ed, wall street seems to like joe biden, but i put it to you. if joe biden wins, we could see elizabeth warren as a treasury secretary, do you think wall street would then support a bite in the administration. >> wall street has to be pretty flexible, i think if we had abide in the administration and even if warren is treasury secretary, wall street investors would figure out some way to play that. it's probably going to be very
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negative for the large-cap, social media conglomerates, there would be a lot of pressure to break them up. on the other hand investors would probably pour into solar energy and pour into infrastructure names and meanwhile the noise to signal ratio coming out of washington is getting to be higher and higher as we get to the election, i know the market is starting to to the whole thing out and it's whatever will be will be, will figure out how to play it. at the end of the day the one signal that is loud and clear is a failure of intent to keep it near 0. that is really what's driving the market. stuart: i agree, the fed keeps on saying we will do whatever it takes. they didn't exactly use those words but when the fed starts shifting around trillions of dollars, you've got to get out of the way. some of it, a lot of it finds its way to wall street. who wins the election, you don't
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really care that much so long it's not a contested and drawn election, you don't care who wins, the market will go up anyway, is that a bottom line? >> let's read the bottom line, investors have learned you cannot be a preacher when you're an investor, you don't do good or bad, you have to do bullish or bearish. in either scenario whether trumper biden, no matter what happens on the two houses, we will probably not get a recession next year end if we don't get a recession, we will not get a bear market but the outcome will depend on where you want to be in the market. stuart: i am not selling, i'm holding the microsoft o ed's say-so. thank you, see you again soon. i want to market coverage, we have the dow up and down 100, the nasdaq on the upside as
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well. lauren: day after the saw the best day since july, holding on to gain step 28000 and this morning we heard from president trump on fox business saying the stimulus talks are productive and expanding maybe even past the airlines, we are seeing the economic tide sectors like the airlines for instance like the bank doing well in the session, that means that investors say there will be a recovery in the u.s. economy. especially if we get more money from washington, d.c., i want to highlight the jobless claim numbers this morning, there were more than 800,000 the file for unappointed benefits but if you look at the weekly number, lowest since the end of march and continuing claims, there is a long-term on employment benefit at the lowest since the start of the pandemic. stuart: you are reading that as part of the backdrop to the market. lauren: i think so. stuart: james fonda, she calls the pandemic god's gift to the left and urges democrats to use it to win the election. were gonna ask tomi lahren about that, i think she has something to say. the wall street journal guy says
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president trump is walking away from the stimulus or has walked away from the stimulus talks, that was the best thing for the economy, do we need a spending package, dan henninger will discuss. the mba pulling social justice messages off course and uniforms next season, is there a connection, activism, low ratings. herschel walker comments after this. ♪ keeping your oysters business growing
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and if we win, we get to tell youn asand doug.you... 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: interesting news from the miami dolphins, they got clearance for a bigger crowd. that is interesting, how many seats are they allowed to fill.
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ashley: apparently according to talkshow host andy slater, 65000, that is a capacity. slater says florida governor ron desantis has given the miami dolphins a green light to yes indeed allow full capacity at hard rock stadium. 65000 fans, slater says a spokesman at the government's office told them the team is allowed to pack the stadium as part of a statewide removal of covid-19 stadium restrictions. however, the chances of all 65000 seats being sold are slim to none. not just because it's the dolphins tongue-in-cheek but the franchise reportedly still plans on limited capacity to just 13000 for the home game on october the 25th against the chargers, all of this comes after the green bay packers announced its putting an indefinite hold on allowing fans at lambeau field field because of the increase cases and
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hospitalizations in the green bay area and in wisconsin and we know a number of teams in the nfl have reported outbreaks including the titans, the chiefs, the patriots and the raiders. but certainly, when it comes to this, florida going in a whole different direction to everybody else. but miami says no, we will limited to 13000. stuart: it shows you governor desantis really wants to open up fully and he is gung ho for this. very interesting. thank you very much. now we have the mba saying these social justice messages will be likely taken off course in uniform next season. nfl legend herschel walker is with us now. why do you think the mbas taken a black lives matter sign and their jerseys, why do you think there taken away. >> i think they've seen what black lives matter really stands for which is what i been preaching for a long time and at
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the same time the ratings have gone down, that hurts a pocketbook a little bit. but at the same time i think they do want social justice but i think black lives matter, what they were standing for is a marxist organization, i think the mba realize that they can't be a part of anything like that and i'm happy to see it, i wish they would've done that a little bit earlier but seeing that they're doing after the election which is interesting and we will do it next year, at least it's being done. stuart: i want to get your reaction to kamala harris statement on racial issues from last nights debate. listen to this for a second period rotate. >> last week the president of the united states took a debate stage in front of 70 million americans and refused to condemn white supremacist. and then he doubled down. and then he said when pressed, stand back. standby. one of the reasons joe decided to run for president is after
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charlottesville, joe has a long-standing reputation of working across the aisle, working in a bipartisan way. stuart: herschel walker, you heard all of that, here is talking about president trump supposedly refusing to condemn white supremacist, i know you're fired up about this, what you have to say. >> i am, it is very sad because she is united states senator and not only that she's a prosecutor that seems to take parts of conversation and use it to get votes. i'm glad that vice president pence called her on that statement because it seems that they have been letting the democratic party get away with a lot of things that were said without anyone calling them on it. and they always want to bring up race, even when they mention packing the court, the first thing she stated he didn't even have a black person considered. why would you want to bring up race about anything because it makes people very emotional and that's what i'm trying to get
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people away from, this country is not a racist country or we would not have had a presiden bk president for two terms. stuart: in 45 years, race keeps on coming up, it is always all about race. that is not necessarily true in our everyday lives. is your life all about your race herschel walker? >> you are 100% correct, it is all about race only when they want to get a vote, race only comes up every four years. and then race plays a big part. otherwise people in washington would've been voting on something about social justice because that where the laws are made and the laws are changed but they are okay with it, this is the best, greatest country in the world and we know how to get along, we can get things done but we gotta work together, right now i think they need to quit talking about race and coming together, unifying and i don't think the democratic party can do and i hate to say that because i've seen what they have
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done, all they've done is try to separate but try to blame it on trump organization but it's not, if you look at it today, everything that they called organ i trump organization, they have been doing it with the russian probe and all the different things that have happened with racism, if you heard some of the things that vice president biden has said, have you seen the way that they talk about reparation, reparation is only paying someone to get a vote. the way you educate someone, you teach them, not give them a fish. i love what killer mike that was on earlier and i love to sit down with him because he talked about reparation but what i want to talk about is what he's talking about is exactly what president trump is doing. we are not going to give you money, we're going to teach you how to run a business, with to put businesses in your area, you have to give the area of education, we gotta teach people how to live, not give them a life that's what they doing when they try to get a vote. stuart: herschel walker, you make far too much sense, it's a
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great pleasure to have jan this program today and i hope you will come again soon. herschel walker, nfl legend. let's get back to last nights debate, vice president pence who asked the tough questions at the debate, watch this please. >> i think the american people really deserve an answer senator harris, are you and joe biden going to pack the court if judge amy coney barrett is come from? stuart: there was no answer, i conclude from that that yes she will pack the court if elected, that is my point of view. later wall street journal dan henniker says if joe biden wins the house don't expect the economy or your life to return to normal anytime super that is interesting. he will join me next. ♪
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covid relief bill, she said she's happy to review what a standalone airline bill would look like the only if there is a broader covid relief package that comes along with it, she remains hopeful and there will be a second relief bill, stimulus plan because the has to be done in her words but the american public needs to know the status of trump's health headed into debate to next week as well. stuart: she's standing on her demand to hundreds of billions of dollars to democrat run states. that is what she is doing, you cannot have airlines coming cannot have the emergency pay unless you bail out new york, new jersey, illinois california. lauren: i think $400 billion for local state government in the second round of $1200 stimulus checks, if you look at the market reaction the airlines have turned around and so have the banks. stuart: you guys get nothing if we cannot be allowed the democrat states, what kind of argument is that. lauren: everything goes against
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what president trump says on fox business air, the talks were being productive and we could have something more expensive than just an airline relief bill and now nancy pelosi has said you cannot have that unless there's something more. stuart: she wants the bailout, i'm convinced, that's my point of view, good stuff. now this a lot of people on wall street welcome abide and when, have they thought about the possibility of elizabeth warren as treasury secretary, it's entirely possible, the far left has a grip on the biden campaign in stennet senator warren is inf the socialists. if they really thought about this they might not be so keen on abiding presidency. start with warns call with a wealth tax, that a straightforward compensation. very bad for capital formation in my opinion immoral to boot.
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then there is a proposal to force big companies to get permission from the government to do business, can you imagine that, the government would tell them who gets the prophet, the government would tell them who to employ and who should serve on the board of directors. that is a private enterprise, that is socialism. any idea of a socialist treasury secretary should make wall street think twice about abiding presidency, that is my opinion and you just heard it. headlines, joe biden is the shutdown candidate, bringing the man who wrote it, dan henninger from the wall street journal. he says abiding presidency needs to be a long time before the economy and our lives return to normal, make your case dan. >> we had something called the debate last week between president trump and former vice president biden, it is hard to remember much of what happened but i remember something that really jumped out at me, when they are talking about the coronavirus in the economy, joe biden said you cannot fix the
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economy until you fix the covid crisis. meaning the economy would have to come later, the democratic party especially the governors had been associated since march, most closely was shutting down state and national economies while we fix the covid crisis. just this very week, andrew cuomo in new york has gotten himself into extraordinary battle in new york city by closing down nine zip codes in new york city where there has been rise in positivity rates. what this suggests to me is that abiding presidency would slow walk reopening the economy, last night and that debate, early on, kamala harris was asked directly whether president biden would support more shutdowns, she completely ducked the question. and i think the implication, very strongly that abiding presidency would indeed support
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the democratic inclination and keep the economy tightly repressed until at some point in the future when abiding scientist as we affix the coronavirus. if you combine that with joe biden's proposed plans for raising taxes on businesses and corporations which will trickle down to consumers, i'm saying we will wait a very, very long time before the u.s. economy recovers under abiding presidency. stuart: while you are speaking the market has turned negative and that is obviously because speaker pelosi is against standalone relief bills, she wants a comprehensive bill or nothing, it seems to me that she is holding out for a bailout of democrat run states which are deeply in the red like new york, new jersey, illinois and california, it seems to me that she is saying you guys in the airlines, you guys who need emergency pay you don't get
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anything unless we get 400 billion for democrat states, am i reading this right? >> i think by and large you are reading it right but i think there is even more to it and that is from nancy pelosi's point of view that would not be my view but the way she is reading it that she's really pocketed the election, she's looking at the polls and to think the president is too far behind to make up the difference and that she really doesn't need the stimulus bill that the president is the one that needs it more than she does and she can pocket the 2 trillion in savings for spending next year when the democrats control the white house inconceivably the senate as well and she will be in complete control, she does not have to negotiate any further with president trump whether a standalone bill for the airline or even a bailout for the state, in her view, that
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can wait and so she's putting on the white house to cave which we hope they simply won't do it this point. stuart: i'm dying to see what their reaction is, not on the market. thank you for joining us, very good stuff we will see you again soon. let's get back to the market and check it out, we have indeed turned to the softened so to speak, the dow is down 22, the nasdaq and s&p holding onto very slim gains, once again speaker pelosi says no standalone relief bill is all or nothing, amazon with a brand-new electric delivery van. lauren: very interesting, think of tesla and the new electric era arriving and amazon unveiling its electric fan made by the startup, a rival to tesla which had invested in an last year amazon announced it would
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purchase 10000 electric fans from caribbean as to the climate pledge, they expect to employ 10000 by the year 22, fleet of 100,000 by the year of 2030, these vans were really cute, they feature a number of design changes and upgraded safety features and upgrading capabilities, extra cameras, amazon said the vans are equipped with alexa to provide hands-free route information in case you need to know where you're going. stuart: i see vans that look like that come all over the place is before the not electric, those of the first electric once to hit the road. stuart: electric is coming big time. lauren: 1800 that they ordered from mercedes as well this summer. stuart: i thought they were mercedes. thank you very much indeed. gasoline -- electric powered, the mainstream media slams vice president pens for being lame in
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man's flaming at the debate, joe concha will explain it all. but first listen to what happened with jane fonda had to say about the virus. >> i just think covid is god's gift to the left. stuart: okay, tomi lahren will join us shortly, let's see what she fix about that. we will be back. ♪ some companies still have hr stuck between employees and their data.
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>> are you in joe biden if somehow you win the selection pack the supreme court to get your way. >> i'm so glad we went through history lesson, let's do that a little more -- in 1864. >> i'd like you to answer the question. stuart: that was, the harrison the debate last night, she would not answer the key questions that were put to her. fox nation host tomi lahren is here we deserve answers about packing the court, the green new deal and the effect of taxes. i don't think we got them last night. >> we absolutely did not but that's because i call it the harris administration because joanne, will have referred to it as the here's a administration but we know the harrison administration is going to be based on what the democrats have pushed for the last six months in the last three or four years which is a socialist agenda but they know from the democratic debate that does not sit well with the american people which is why they got their moderate joe biden, now they tried to distance themselves from the
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agenda that they truly really want and i don't think it's going to be effective for them because we will fact check them, just like mike pence said we will bring up the record. stuart: how did you judge mike pence's performance last night? >> i think he did amazingly well, i will be honest i thought maybe he would come off a little stiff and rigid, he is no donald trump but as many of my conservative friends had told me, he did a better job defending donald trump then donald trump did of defending donald trump previews dignified, eloquent and held her feet to the fire which is exactly what kamala harris needed. stuart: what do you think of the next debate october the 15th, it will be virtual and the president says i am not going, i'm not having any part, knock wood waste my time. >> i think the american people deserve to see them side-by-side, i think the hysteria and fear tactics in the fear mongering of the left is another way for them to avoid to speak to the american people
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it's much easier for a joe biden to appear virtually much easier to see answers that way and i don't blame donald trump for being upset about it. stuart: let me move on to something that we showed our viewers a couple of times the last couple of hours, i want you to listen to jane fonda and what she's saying about the virus, role that tape again. >> i just think covid is god's gift to the left. stuart: what do you think would happen if a conservative would've said that. >> we know the double standard is the only standard of the left of hollywood, what she was saying the struggle of thousands of americans who were out of work is really a gift to the democrats because it's allowed them to slip the control agenda under their noses and pass it off as covid safety. it has been a great tool for the left, god's gift to the left is going a little far and i hope american people are listening to
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liberal hollywood and what they think of you in your play in your struggle as you battle with the six months of plotting the curve. stuart: i know we can see you and more of you on no interruption, that is on fox nation. good stuff, think you so much for joining us. we appreciate it. a lot of takeaways from last night deep debate, a fly on mike pence's head, we will tell you how the biden camp is using all the buzz about the fly to make money, we will talk to joe concha about it. we'll be right back. ♪ hi, this is margaret your dell technologies advisor
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mansplaining and talk about these things with kamala harris and a man should not interrupt her, it's going to look bad, kamala harris is a vice presidential candidate, she should be able to stand up for herself. stuart: [laughter] stuart: joe concha is the man on the right hand side of the screen, joe, cearley you're not surprised by anything you saw in the montage, you cannot be surprised. >> i was a little surprised by martha, i thought that was good analysis, she is saying and you have to agree with it that if you want to be vice president of the united states, you have to get used to disagreement and debate going through something last night, instead you see all these people talking about how mike pence mansplaining kamala harris, instead he could not be any more deferential or polite in terms of that debate, if you are kamala harris, you gotta meet with president xi jinping or president putin, you will probably be man slain to them when you're negotiating at very, very tough things, that's what
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we saw last night, the journalist so to speak plain from the bottom of the deck when it comes to gender and sexism card, on that front i am not surprised at all. stuart: i was not keeping a stopwatch on it but i got the impression that senator harris got more speaking time and that debate, is accurate. >> abc news, reported that harris got 39 minutes and mike pence got 34 different, or different by their tally, all that we hear is mike pence constantly interrupt kamala harris. when you're asked a specific question is kamala harris was on the most important consequential thing to come out on the selection of the democrats win, will you stack the courts, will you change 150 years and she would not answer the question, the moderator last night, susan page did not press kamala harr
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harris, it was up to mike pence to do and she still got out of answering the question, we still had to debate and we don't know if the democratic ticket will stop the court. that's a big deal in nor was abolishing the filibuster, missed opportunities for key questions. stuart: if you don't answer the question about packing the court, i have to assume that yes you would pack the court if you win this election, i have to assume that if you won't answer the question in the first place. talk to me about the virtual debate, it is supposed to be a virtual debate on october the 15th and the president told maria he's having no part in it, he will not waste his time, what you make of that? >> nor city, there is room for negotiation, if the concern that the president is within the 14 day quarantine. after he had a positive test, then move the debate to the following week, that will give us enough time to come up with three negative test and then it's a safe opportunity, then there's a third debate, you move that back a week, we have time to do this in person because if
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you do it virtually, half of the country will think that one candidate in joe biden is using an earpiece or teleprompter which i think is ridiculous but that's the conclusion of perception we will have in the moderator by the way steve scalise entered for joe biden at one point. let's do it on the up and up and find a way to do this in person, virtual will not please anybody particular the term campaign. stuart: well said, i agree 100%. thank you very much, we will see you again real soon. there was actually a breakout star of the debate, the fly that landed on the vice president's head, social media going crazy over this. this is why i don't do social media. let me bring in the whole company, lauren, first of all, what are you seeing online about this nonsense. susan: that is why i stood there for a while, joe biden actually tweeting a picture of himself holding the flyswatter and he writes to help this campaign fly, you can actually buy the
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flyswatter he's holding, it's selling on his website for $10, it's actually sold out but the slogan is truth over flies, don't let this debate buzz off, $10 sold out. stuart: a fast pickup on the incident. how about you ashley, what you see in. ashley: it is interesting, did you see the fly under two minutes, the only one that complied with the debate rules. but senator rand paul tweeted this which i thought was funny, he said the deep state planted the buzz on the vp, the illegal spying is really out of control. there you go, senator rand paul having a chuckle. stuart: susan what you have. lauren: i kept trying to swat it away for two minutes. but bob said this, i like this, the fly is got a show on netflix, goldblum, jeff goldblum the star of the original five movie and stu, i am talking stu, i am talking.
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go on twitter, go on facebook, send us your questions, send us your comments. we love them all. we really like videos. last week we ran our first video in "friday feedback," it was a major success. the ratings went up. bring them on, sports fans, i want more videos. a quick look at the markets we turned back into the positive. we briefly stepped into the southland so to speak. a little red evening after speaker pelosi said there is no stand-alone bill without a much larger bill. have i got that correct? >> she wants the whole shebang. stuart: basically what she wants is $400 billion to bail out very badly-run and ailing democrat-run states. she wants the $400 billion. if you can't get it, you ain't going to get your money for the airlines, you're not going to get emergency pay. susan: no 1200-dollar check either.
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stuart: no 1200-dollar check. early ratings for the debate. up slightly from four years ago. that is according to "variety." that news coming right at us. dow up 14. nasdaq up 40. my time is up. don't forget "friday feedback," it's tomorrow. neil, it's yours. neil: sir, thank you very, very much. we are following big developments. nancy pelosi putting kibosh on slimmed down stimulus deal if it doesn't have a bigger package attached to it. stocks all over the map on that. the big shocker came this morning when the president responded to the talk of a virtual debate. that next week's debate made it not in person. he made it very clear how he felt about that. >> no, i'm not going to waste my time on virtual debate. that is not what debating is all about. sit behind a computer to do a debate. ridiculous. then they cut you off when ever
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