don't go anywhere. stuart varney has a tremendous show. "varney & company" begins in a few seconds. stu, over to you. you have a special guest this morning. stuart: i do. it is the president. i'm following in your footsteps. you have had the president twice in the last five or six days. i'm following you. good morning to you. goodgood morning, everyone. one hour from now we'll talk with the president a stimulus plan. second wave of the virus. new hunter biden revellations. we'll cover it all. they are the big issues of this morning. treasury secretary mnuchin says it will be difficult to get a stimulus deal before the election but they will keep trying. president trump offered 1.8 trillion. he says he wants to go big, will he raise his offer? i will ask him. in europe a second wave of the virus has hit. a partial lockdown in london. a curfew in major cities in france. germany's angela merkel pleading

for new restrictions there too. what will the president do if we experience a second wave? i will ask him. look at the market, stimulus stall and europe's second wave is pulling down stocks big time. the dow is looking at 300 point loss. s&p down 42. the nasdaq close to a 200 point drop. big tech way down today, following a report in the financial times, some governments over this in europe, they're gearing up for a major antitrust attack on american technology companies. a dispointing jobs report. 898,000 new jobless claims. not good. down goes the market. on the campaign trail the president let loose in iowa last night. he put on a maga hat. took off his tie says joe biden has been blatantly lying. that the revelations about hunter in the "new york post" are a smoking gun. i will ask the president about today's allegations that hunter made millions from china. there is a new allegations out

today in the morning post. tonight, there is dueling town halls. the president appears on nbc. some employees object to their network hosting mr. trump. i will ask how he will deal with the likely hostility. joe biden appears on abc. the question there will he be asked about hunter. i should point out the three broadcast networks did not cover the revelations at all last night. there is this too. press secretary kayleigh mcenany twitter page blocked because she tweeted the hunter biden allegations. that is censorship of conservatives. the president joins us this morning and "varney & company" is about to begin. ♪

♪ stuart: i got it. now i recognize it. ymca. i'm not going to sing it but pretty good song for the morning i would say. we have a lot to go at. let's get started. president trump did not hold back on his attacks on joe biden and his family. it was in front of a packed crowd in iowa. watch this. >> for decades biden and his cronies laughed while they shipped millions of their jobs to their friends in foreign countries. take a look at the whole family. it's a corrupt family. joe biden personifies the selfless and corrupt globalists that got rich and powerful at your expense. vice president joe biden went to ukraine and threatened to with hold one billion dollars in aid if they did not fire the prosecutor. that was investigating his son. hunter raked in a fortune from china while joe biden was giving china all of our jobs.

the bidens got rich while america got robbed. stuart: all right. more about this when the president joins me again live at the top of the next hour, 10:00. show me futures, please. stocking much weaker as the stimulus stalemate drags on. susan, it is looking like we'll not get stimulus before the election. susan: we heard from treasury secretary mnuchin in the past half hour. there is 300 billion lars in the bank left ready to go left over from the last stimulus deal. nancy pelosi wants a all or nothing deal. secretary mnuchin and pelosi spoke yesterday. they will speak today. this is the last final push before the election. if you look at the politics, this has to do with national testing thrown into the mix as well. bring up the tweet from pelosi's spokesperson suggesting one area of disagreement continues to white house understanding for national strategic testing plan. mnuchin says that will not get in the way of their discussions.

clarifying yes, a deal is hard to get done before the election but they will keep trying. given that we have jobless claims up close to 900,000 in the week, think of people who need to put food on the table and get rid of politics. stuart: i have to ask the president, would he up his offer, 1.8 trillion, would he up that amount to get something done. i will ask him. see what he says. 10:00 eastern. one more time, 10:00 eastern. market watcher heather zumarriaga. i see two factors in today's selloff, stimulus and the second wave. am i missing something. >> no you're not. both sides want to come up with a deal or democrats republicans and the white house. seems like speaker pelosi is standing in the way of negotiating a piecemeal deal to bail out airlines for example. delta and united are busy setting aside money going into the fourth quarter if a second

wave reemerges. we have the highest cases we've seen in a few months reemerging today. so that is a problem. president trump wants to get money in americans' hands. he wants to give direct stimulus payments and that speaker pelosi is standing in the way of that. stuart: okay. is it that important? we don't get a stimulus plan does the market absolutely plunge? is it that big of a deal, for the market, stimulus? >> we need a piecemeal deal targeted towards small business. the national restaurant association says 40%, nearly half of all restaurants will permanently close in the next six months if they don't get a second round. and susan's point, treasury secretary mnuchin says there is 130 billion waiting immediately to go to second round of paycheck protection program. 300 billion total that hasn't been used. why not get that out, prop up some airlines? i know if you're a free market capitalist i lean that way, but it is such a vital important

part of our economy. you can't let them go under. they're looking at a march targeted approach which makes sense at this point in time. stuart: it does indeed. heather, thanks for joining us. we'll move on to talk about the second wave that has indeed hit europe. parts of europe as we said, locking down again because of a spike in the number of virus cases in europe. brian brenberg joins us now. the first lockdown didn't seem to help, didn't seem to work for them in europe. now they're going to a second lockdown. what does that tell you? >> yeah, it killed their economy, stuart. which is why so many of europe's leaders are actually over the past few months moved more in sweden's direction. they don't want to go to generalized lockdowns. they're at a moment of truth right now where they make that decision. do we, do they do that or do they take a more targeted approach and protect more vulnerable populations? i'll tell you this. the followings in power, macron,

johnson, they don't want to see the big lockdowns but their opposition parties do. that's typical, when you're not in power it is much easier to call for things like a general lockdown but those who have to steward the economy know what the cost is but this is the moment, stuart. they're going to decide next week do they go back to a lockdown policy or do they take a targeted approach? for the sake of europe's economy i hope they find a way to stick with the targeted approach because the general lockdown is far too devastating. stuart: the question for wall street, the question for american investors is, what happens if we get a significant spike and a second wave in the united states? i mean case levels are up here. what happens if it comes here? what do we do? targeted lockdowns? big lockdown? what happens? that's the fear on wall street that it comes here and cuts economic activity, right? >> yeah. the fear on wall street is also

how we respond, stuart. you have case counts and then you have hospitalizations and deaths and you have to watch all of those factors. remember when all of this started we were simply trying to keep hospitals from being overwhelmed which is a different strategy than we pursued in the spring and early summer when we locked things down. wall street wants to know what kind of policy we'll pursue in a response? wit i will be general lockdowns or will it be targeted? europe is the test case, they're is seeing it now. we've seen it for months. u.s. politicians like to look what is happening in europe to take their cues. what johnson does, what macron does, what merkel does is going to matter in terms of what the sentiment is here. for the u.s. economy, we've seen devastation of the general lockdown. wall street has seen it. we can't afford that policy we've got to be looking at, we've got to learn from the data we've gotten, stuart. we have learned some things. we have to apply it.

protect the vulnerable. don't keep the healthy or young out of work. it is too costly for them, their families and economy. stuart: professor brenburg, thanks for joining us. we do appreciate. as you see on the screen we have a ton of red ink. we're down across the board. two threats to the market, stimulus stalemate and a second wave in europe. we do have two important earnings reports to tell you about, that is morgan stanley and wall greens. how are we doing? susan: actually i looked at the report cards and they seem pretty strong. walgreens, profits higher than anticipated. like goldman sachs, morgan stanley benefiting from higher trading activity is specially in and bos and fixed income. fees from iposs, takeovers, mergers, have doubled from the past year. how impressive during a virus. walgreens doing well, doubling payouts to shareholders. corporate america has so far put

in really impressive earnings beatings on average 25%. still not enough to impress because we have high expectations. people expect the recovery. they price this in largely. you have to have blow out earnings to get some sort of a benefit. stuart: not helping the market. good earnings reports but we're way way down. fallout growing on the bombshell report on hunter biden's emails. you remember when joe biden claimed he never spoke to his son about his son's overseas dealings f you forgot we'll remind you. roll tape. >> how many times have you spoken to his son about his overseas business dealings? >> i have never spoken with my son about his overseas business dealings. i have never discussed with my son, brother, anything else. >> that is not true. you say things you don't know when you're talking about. who said that? stuart: last night the president called joe biden a blatant liar. more on that when he joins me at

the top of the next hour. social media giants facing backlash from blocking the story from twitters. jack dorsey says their handling of the matter was unacceptable. we have more on the matter. look at futures. red ink across the board. down 350 on the dow. down nearly 200 on the nasdaq. more "varney" after this. ♪ - i'm norm.

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your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business. ♪. stuart: if you're just joining us this thursday morning read it and weep because we're way down on all the indicators, dow, s&p, nasdaq all in the red. twitter, facebook cracking down

on the bombshell report from "new york post" own hunter biden. break it down, susan. susan: making unprecedented steps limited the story. twitter blocking users from posting links to the articles saying that violated policies sharing private information like email addresses and phone numbers without a person's permission. white house press secretary kayleigh mcenany said twitter temporarily suspended her personal account until she deleted a tweet linking to the article. twitter ceo jack dorsey acknowledged that twitter's handling of the article wasn't the best, saying our communications around the reaction to the "new york post" article wasn't great. facebook was the first to flag the story, it would be fact checked and sharing limited tweet by an fb communications executive. all news articles facebook are subject to fact-checking, most of these articles are fact checked usually coming from smaller, less well-known outlets

than "the new york post." according to fact-checkers interviewed by the "wall street journal." this goes to the gop point this is another example of social media's conservative bias. stuart: by the way, twitter, google, facebook chief executives appear before congress on october the 28th. they will be questioned about this. looks to me like conservative censorship. we'll find out. we go to rules, tightening rules as virus cases surge. break it down for us, ashley, what are they doing? ashley: the numbers are certainly rising, stu. the number of new virus cases averaging one hundred thousand a day across europe. almost double the infections we're seeing in the u.s. in france, president macron announced a curfew which will be imposed from 9:00 p.m. to 6:00 a.m. in paris and other major french cities in the next four weeks. it affects almost a third of the country's 67 million people. most european ghosts eased lockdowns over the summer that

led to sharp spike in cases all over the continent. germany looking at tougher measures but have not released any plans. schools remain open. the czech republic has europe's worse infected rate and shifted schools to distance learning. hospitals are cutting non-surgical medical procedures to free up beds. poland is rampping up training for nurses. considering creating military field hospitals n northern ireland the schools will be closed two weeks. restaurants will have to close for a month. in spain, authorities in catalonia ordering bars and restaurants to close for 15 days. limiting number of people a allowed in shops. netherlands has a partial shutdown, closing bars and restaurants. in the uk, prime minister boris johnson under pressure to impose another national lockdown certainly from the opposition party. so far he has resisted we do

know today london moved to so-called high alert level from midnight on friday. that will be in effect for, at least the next month as the infection rate in london and the uk doubling every 10 days. stuart: good lord, ashley. i didn't realize it was so widespread in europe. there were so many new restrictions in some countries. the i didn't read full extent of it. thank you, ashley. bring in dr. marc siegel. europe went into astrict lockdown mode at the start of the pandemic. now they have a second wave. do you conclude that lockdowns don't work that well? >> they don't work that well. what brian brenberg said i want to echo. purpose of lockdowns is push a pause button. to decrease the amount much hospitalizations when you get red hot with the hospitalizations. the united kingdom, 20,000 new cases per day yesterday.

that is a lot. the number of deaths was less than 150. the number of hospitalizations in the uk, 450. it is up ticking. first question, can you handle the number of hospitalizations? number two, can you engage with social distancing, masking disinfecting, really public compliance, short of locking down and squeezing the economy in a way as you know, that's devastating to the economy? i've been asking that question all along. i want people to understand when they're locking you down it is because you're not complying with the distancing. stuart: this is important. scientists at oxford university say they developed a rapid virus test. you get the results in five minutes or less. doctor, does this test require that the sample, whatever sample they take, goes to a lab? >> no. it is five minute results, stuart. it is revolutionary. it will compete with abbott's next test out already. abbott is 15 minutes this is

five minutes. my initial look it is a little more accurate at the abbott. it looks at more of the virus. but it will not be out until the winter. it can be used for schools. it can be used for hospitals t can be used for restaurants right in the spot. get into the restaurant or this school, get this test it. will be very cheap. it will be a further changing of the game. maybe we'll talk about that instead of lockdowns. if you can screen people, and separate out people that are positive you might get better control and save the economy. stuart: a bridge to a successful vaccine. that is what it is, a bridge to get to us the vaccine. i'm out of time, thanks for joining us. i will see you soon, doctor, appreciate it. >> thank you, stuart. stuart: we're still showing a lot of red ink. we're down 300 on the dow. nearly 200 on the nasdaq. we'll be back with the opening bell from wall street after this ♪. look limu! someone out there needs help customizing

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♪. stuart: moments away from the opening bell. we're still seeing an awful lot of red on the left-hand side of your screen. this market is going down in a couple minutes. bring in jason katz from ubs.

jason, you're saying another round of stimulus is a bridge to a vaccine but what happens if we don't get more stimulus before the election? >> i think the markets largely discounted the fact it is not a matter of if but when. susan pointed out people need the food on the table. the president is upping his bid in the negotiations. the country is in dire need of stimulus whether now or a few short weeks, we need it, because as you said, adenoses yum, it's a bridge to what, reopening the economy. you can't reopen the economy until you get a vaccine. it's a confluence of all these events that have to come to fruition. stuart: what happens if we don't get any stimulus? what happens if we don't? >> if we don't get any stimulus and the fed is out of arrows. powell has practically begged for more aggressive stimulus here. we're faced with the potential of a decisive out come, that is

great. you might have a blue wave, you have to watch what you wish for. will we get a bigger infrastructure spend? potentially. that is in the context of a much higher tax regime. then what happens? we're looking higher corporate tax rates. higher taxes on financial transactions. so on, so forth. stuart: that will be bad news for the market any way you slice it. we have nearly 900,000 new jobless claims this morning. that is a disappointing number. does it call into question the strength of the recovery? is that part of the negatives on wall street today? >> you have a confluence of events today, whether it would be the delayed stimulus talk. whether it would be renewed lockdowns in europe. certainly job numbers are not helping. look the direction that the jobs numbers are heading in the right direction. we're seeing a slowing of that momentum. again, unless we get that stimulus, until we get through

the election, we're going to have not only a volatile market but very choppy numbers with respect to jobs and other economic indicators. stuart: i think we should have a little perspective here. that the level, stock price levels are still way up there. you're still close to record highs. i'm looking at the dow at 28,000. i think we should put today's, it's a selloff today. we should put it into perspective. what do you say? >> most certainly. we made a move off the bottom that is extremely meaningful. valuations you could argue are high but in the context after zero rate environment they're not obscenely high. now we have to see earnings catch up to stock prices n order for that to happen, we obviously need the fiscal stimulus, we need the vaccine. we need the economy to definitely continue to reopen. stuart: vicious cycle, is it not? jason katz. thank you very much. it i will was big day. i can just tell. jason, thank you. the opening bell will be ringing in 10 seconds. 10 seconds after that we'll

start trading. yes, it is a thursday morning. we are looking at some red ink. as soon as this market opens we'll tell you how bad the selloff is. [opening bell rings] we'll look at big tech. i have a suspicion big tech this morning is really taking it on the chin. here we go. two, one, 9:30 eastern time this morning. off we go. we were down for sure. yes we are. we're off the 280 points. look at the level, the vast majority of the dow 30 stocks are in the red. i'm squinting to see the one in the green. can you see it, susan? susan: walgreens. good earnings. stuart: we have one winner in the dow 30. the dow is down 1.60%. the s&p is down more than that, 1.35%. the nasdaq, here is the killer, where are we? we're down 1.6%. as i said big tech is down today. all right, we're off.

we're running. what's next? i want to show you charles schwab. this is very important. the state of investing here. they had a terrific earnings report this morning. susan: they did. you know why? because more investors are getting into the market. stuart: individual investors? susan: individual investors. strong earnings here. shows stimulus check. higher unemployment benefits means more people went into the stock market since the start of the pandemic. charles schwab reporting active brokerage accounts went up two million in the third quarter of this year. now they have 14.4 million active accounts currently trading in the markets. total assets went up by 17% from 2019. you're looking four 1/2 trillion dollars in assets under management that is helping the bottom line. stuart: it sure is. not to mention all the retail investors at td -- whatever it is. susan: ameritrade, robinhood. a record for that millenial trading app. think of the money flowing into

the stock market. what it means for stock value. stuart: absolutely. price movements come in and out very quickly. susan: correct. stuart: a change in the way people are investing. amazon, okay, the two-day prime event is over. the stock is down nearly 2%. do we have any idea how they're doing? susan: amazon doesn't give us specific revenue numbers the indications are really good. in the first seven hours of the amazon prime day sales, looked like sales jumped 19% from last year according to one research house, edison trends. average hourly growth increasing 26% per hour. average prime day orders, $45.83. by the way, two in five households shopping prime day, already placing two or more orders. that is bullish, folks. this is during a pandemic. with high unemployment. no glitches this year. amazon sellers having a banner day they say. a halo effect for other retailers. other retailers like target, best buy, home depot, started their own sales to

counterprogram amazon prime day. looks like sales have gone up 70% during that time as well. stuart: the first time i ever heard that statistic, average hourly sales growth. susan: yes. stuart: you can do that with amazon. sales growth is phenomenal. susan: it is only 48 hours too. they have different deals per hour. overall 26% increase from last year. stuart: fascinating. get to the vaccine race. lauren, i don't like the sound of this. we have a new poll how many people will actually get it when it's available. doesn't sound good to me. what have you god? lauren: it is not good, a "wall street journal/nbc" poll, registered voters. they would wait to get vaccinated until one has been around. 17%, third line, won't get it at all period. 10% would only get it if they're required to. we're looking at 77% of people not raising their hand to get vaccinated versus 20% who are. that is a pr problem.

that is a problem for the government. that is a problem for the drugmakers. you had the recent pauses by johns and jones and astrazeneca when it comes to their vaccines. the treatment by eli lilly that was paused as well. that leads to a hesitancy that we're seeing. the positive is this, pfizer and moderna both phase three trials still on. we do expect those results by next month. stuart: it's okay, but you know when you get a vaccine you have got to convince people to take it en masse. not just a few people, en masse. let's see if that works out. ashley, you're watching gun stocks. they are down slightly? you got a big number to share with us? ashley: i do, they're down slightly in a very down day for the markets but sales are up for the gun sales, 41% in the first nine months of this year. by the way, smith & wesson up 127% year-to-date despite

today's platformance. stern sturm ruger. up 17%. we have the pandemic, social unrest and growing fears after contested election what that could mean spurred gun sales. the fbi has seen 28.8 million background checks in the first nine months. that is more than any other year complete. by the way, who were the new people. we always know that people who buy guns tend to be white, male conservatives. but we have a whole new group, including first-time buyers, many women. minorities and yes, liberals. it is a whole new category but the gun sales is so strong right now, stu, there is reports of ammunition shortages across the country. it is fascinating. stuart: it is fascinating. it really is. i want to move on. can you show me big tech?

i have a bee in my bonnet about big tech. hold on. put up big tech if you can, please. i know it is coming. there you go. look at those declines. okay. not that terrible actually, but for big tech companies to drop 1% or more, that is something. google is only down a fraction. microsoft is off 1.1%. apple it is down 1.2. facebook 1.4. amazon 1.8. big tech is down today. there is an article in "the financial times" that a couple european governments want to really go after american big tech on antitrust grounds. not helping them today. let's get to fastly, a software company, it plunged that it was reported tiktok did not use their software as much as anticipated. you want to explain that, lauren lauren: tiktok is fastly's largest customer. it uses software to deliver the superfast videos all kids love.

because of the threatened trump ban on tiktok it actually used fastly less. they cut their third quarter guidance. look at that the stock is losing almost a third of its value. call into tech, you lose one big customer, valuation of this tech company worth it if it can come down so precipitously? the ceo said if the you look at pandemic and global environment that helped us. the stock was up 513% this year before today's plunge. the environment because of geopolitics and uncertainty is hurting us. i thought that was ironic. the other point, does this suggest that eyeballs are moving away from tiktok to competitor instagram reels? that would be great for facebook. stuart: you got it, lawyer recognize. i will show you the network's evening coverage of the hunter biden story. i'm showing you a 1% loss for

the dow industrials but did you know the broadcast networks actually had zero coverage of the hunter biden story? that is abc, cbs and nbc. they just did not cover it. what makes this story so potentially damaging, for months joe biden denied knowing anything about his son's overseas business dealings. these new revelations suggest he did know about it. watch this. >> what is your understanding what your son was doing for an extraordinary amount of money. >> i don't know what he was doing. >> isn't this something you want to get to the bottom of? >> no, i trust the son. >> but that doesn't pass the smell test. >> nothing on its face is wrong. stuart: how about that? the president is fired up about this. we'll talk to him about it when we talk to him at the top. next hour. it is likely we'll not get a second stimulus before the election? i'm not so sure about that. let's ask former reagan economist art laffer.

he is next. ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪

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♪. stuart: citigroup says value stocks would be big winners after the election. okay, susan, first of all tell me why and tell me -- susan: no matter who wins. they say that value will win in a six-months after the election going back 40 years. that has been the trend according to citi's head of u.s. equity trading. so why? well the policy changes from new administrations is usually the catalyst for this rotation into value from growth. that will especially be true this year if we see a biden victory. think higher taxes an also think about higher spending. people running for the safety of value. here are some of the names of these value players, underperformers relative to their bottom lines. that is how they're defined. boeing, chevron, coca-cola, caterpillar, even banks like

jpmorgan considered value plays because they have a stable business that has not been rewarded say the big growth tech plays. you know when you have wall street right now positioning not really knowing how to position themselves. it is not a 100% biden victory. if you did you would see a lot more volume. we have a light volume. that indicates they're holding steady and cash to see who actually wins on the evening of november 3rd. stuart: if you know who wins by the evening of november 3rd. i suspect you won't. we'll see. one of negatives in the market on doubt whether they get a stimulus program. treasury secretary steve mnuchin says there is a new stimulus bill is unlikely before the election. art laffer. former reagan economist with us right now. does this matter, really does it matter for the economic recovery but it matters to the market i understand that but does a stimulus plan matter to the

recovery? >> yes, a stimulus does matter to the economy and make it worse. loading money you borrow from other people. you have the problem once it is in there, it is a drag on the economy for the long term. i think the stimulus package would hurt the long-term aspects of the u.s. economy. stuart: how about targeted help for the airlines, for example, should they get some money. >> that makes more sense. that makes more sense. stuart: restaurants? >> what they did with the cares act was probably 3 trillion too much. targeting for medicine, health care, targeting for the guarranties of loans on solvent companies, that was all darn good stuff. this willy-nilly spending of other people's money, it is not good economics, stuart. it really doesn't work. stuart: we've got some signals that the economic recovery isn't as robust as we would like it to be. you got nearly 900,000 new jobless claims today. over the past week i should say. that is a very disappointing

number. do we need targeted stimulus to keep the economy going into that v-shaped recovery? >> you quoted the new claims and you're completely correct on that number. it was not a positive number but a huge number, stuart that came in today, was really positive, that the reduction in the continuing claims was down well over a million. which means if you combine the two together, it is one of the best week's reports in ages. no one talks about the reduction in continuing claims which means are less people unemployed collecting benefits which is great. the economy is really recovering rapidly. all, all cylinders are a go. everything i read up on the third quarter gdp growth which we'll get fairly quickly it will be between 30 and 35% growth. now that is at an annual rate. that this recovery is coming along beautifully on its own and

it doesn't need the government to put in more money too ruin it. let it go. stuart: do you think the number one priority is reopening america's economy? >> yes, 100% the states with the worst recovery are those with the tightest clampdowns. new york, new jersey, connecticut, rhode island. these types of places have clampdowns. they are the reason we're not growing even faster. it is hard to go back to work when they don't allow you to do it. we do those things, we'll be back. stuart: those are the states which will relockdown, and re-restrict if we get a serious second wave. that will not help the economy. >> that's true. no it is not, a second wave will not help the economy, it really won't. what is really nice is the case fatality rate is dropping very, very sharply, stuart. it is down, i don't know where it is 1 1/2%, something like that, depending how you measure it. in that case fatality rate is

coming way down. we may get more cases, just remember the medical treatment of people who get covid-19 is way, way better than it was six months ago. really it's a lot better. stuart: the president joins us in a couple of minutes, 10:00 eastern time. suggest a question, what question would you like me to ask him? >> oh, my god. i don't really know. i love the guy. i really think he is great. i'm going to vote for him. just ask him, how he feels he will do in the election. that is when i would like to hear. stuart: did you vote for obama twice or clinton was it? >> no, i voted for bill clinton twice. i voted for bill clinton twice i thought he was a great president. i thought bob dole wasn't assure he was good as he should be. i didn't think h.w. bush was anything especially raising taxes. i vote bill clinton he was a great president. i would vote for bill clinton if he were around but not hillary. stuart: laffer, we'll leave you.

art laffer, you're a pleasure. >> loads of fun being with you. have a great day today. stuart: see you soon. the trump campaign twitter account has been blocked. lauren has to do with a report on hunter biden i'm sure. go. lauren: this is the main account for the donald trump campaign 19 days before the election. and it has been locked and blocked by twitter. it is related to the bombshell "new york post" story about joe biden's son hunter biden and the latest tweet by the campaign. they tried to share video accusing joe biden of being a liar and they were locked. other people who tried to share the story including press secretary kayleigh mcenany also locked out. so what that, just to refresh everybody, that post story said that joe biden's son, hunter on the board of a ukrainian energy company made money by selling

access to his father, then vice president of the united states. twitter blocked these accounts because it contained an email that could have been hacked, elicit sharing of information. that's the reason, this is what the trump campaign has to say. they call it election interference plain and simple for twitter to lock the main account of the campaign of the president of the united states is a breathtaking level of political meddling. nothing short of an attempt to rig the election, stuart. stuart: we hear it, lauren. thank you very much indeed. now this, senator lindsey graham formally set as october 22nd for committee vote for amy coney barrett. barrett is done testifying and being questioned. the committee is questioning experts. we'll monitor it for you. the media melt it down over one network's choice to host a town hall tonight with president trump. watch this. >> why on earth would nbc agree to do that? this is an outright embarrassing

ratings ploy. stuart: okay. well you heard from don lemon. i will ask the president himself what he thinks about it. as we keep telling you the president is coming up at 10:00 eastern time minutes away. we'll be back. ♪ before money, people traded goods.

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stuart: yes, we have breaking news for you on kamala harris. what have we got? susan: the democratic vice presidential nominee kamala harris is putting her travel on hold through to sunday after two individuals involved in the campaign tested positive for covid. so this is a non-staff flight crew member and harris' communications director, liz allen that tested positive. the campaign says that harris wasn't in close contact with either individuals during the two days prior to their positive tests and looks like there is no requirement for quarantines. harris says she will return to in-person campaigning on sunday. stuart: that just in. thank you very much, susan. the market is actually coming back a little. we're down 190 on the dow and down 99 on the nasdaq. it was much worse than that when we opened the market earlier on this morning. that is the state of play. the market coming back a little. and as we promised the president

of the united states of america will join us right after this. ♪ businesses today are looking to tomorrow. adapting. innovating. setting the course. but new ways of working demand a new type of network. one that's more than just fast. you need flexibility- to work from anywhere. and manage from everywhere. advanced technology. with serious security.

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stuart: very shortly we will be joined by the president of the united states. we're waiting for him to get on the line with us. he will be with us momentarily. meantime i show you the market which is actually coming back a little. we started off with a minus 300.

i think that was the low of the day. now we're down 179. you could be seeing a little bit of a buying on the dip there do you think, susan? susan: definitely. when you see the type of price action that is encouraging that people want to invest in the u.s. stock market. stuart: let's not get carried away, those indicators, dow, nasdaq, s&p, all are within 5% of their record highs, is that right? susan: yeah. stuart: you're at near record high levels, a pullback there what, a half percent here, 1% there, that is not a major league selloff. show me big tech because you always have to look at this. it is down this morning. they are coming back a bit. you have apple down .7%. amazon down 1.7 google on the up cede to the tune after half a percentage point. microsoft has cut its loss to a

buck 60. there is one stock i would like to point out which is a winner in a downside move, look at that, zoom up 15 bucks. i'm sure susan sitting next to me has explanation. susan: bernstein $600. needham predicting 540 for the stock stifel raising its price target. zoom is in the every day language. stuart: i think it is a verb yet in i just zooming. susan: i'm zooming. stuart: i think i got it. these are the issues which is turning this market south as we speak. there is doubt whether or not we're going to get a stimulus package before or even after the election. certainly before the election. there is some doubt right there. second story, europe is experiencing a second wave of the virus. and governments over there are indeed responding with new lockdowns. it is not a universal nationwide

lock down but it is restrictions, severe restrictions in various places. london, partial lockdown, france, major cities there is a curfew at night. angela merkel from germany, wants more restrictions placed on the german people there. it goes around europe, from northern ireland, denmark, spain, italy, they're clamping down again as cases of the virus spike. we'll be talking about the virus with the president. wee be talking about stimulus with the virus and we'll be talking about the overall economy which leads me as we wait for the president, let's bring in brian brenberg real fast. the state of the economy right now, brian, is this recovery on solid ground? >> yeah. stuart, it is. look, we had a bad job number this week. we've had great data before that. it is poised for recovery. we're talking about targeted

stimulus. we're talking about what the president is talking about. can we keep business taxes low. can we give individuals more tax relief. the contrast between president trump and joe biden is miles wide. the president hammered that this week in some of his speeches. he has to stick with that, if he closes strong with that message it will matter to the american people. they want jobs, they want incomes back up. stuart: i want to hear whether we'll open up the economy further or shut it down a little in big democrat states because of increasing in cases. i will be asking him about that. the last thing we want is new lock downs in america. am i right, brian? >> absolutely. people want to go back to work. they need it financially and emotional related perspective. if we go back to lockdowns it smashes hope. the president understands that. hope, optimism for the future, he made that case many times in

the economy. you can see him doing it again. that is where he staked his claim. joe biden is looking backward. president is looking forward. i hope he continues to hammer that. the people don't want to talk about the past. can we do the first three years of the president's administration on the economy again. the answer is yes, if we're smart, if we don't shoot ourself in the foot with general lockdowns. there is one other issue i want to talk about, that is the election. i still think we'll have a delayed and contested result and i don't think that's good for the market. what say you, brian brenberg? >> no. it's not good for the market. the market doesn't want to see that. the market wants to see an election happen fairly. which is why it is so important right now where the states you have battles around the ballots, judges don't rewrite the law. you need rules in place in advance. we need to live by those. the more we do that, the more the market likes it.

the more america likes it. we're a country of rules and and that is true when it comes to the ballot and. the president is right about that. we need to play by the rules where they're set and let the chips fall where they may. stuart: we discuss whether he wins the white house and or the senate as well. turn that around. supposing president trump wins a second term. i don't know what happens to the senate, but supposing he wins a second term. what do you think happens to the stock market? >> i think the market likes that because what the market knows we're not going to see the regulatory increases, the tax increases, all the uncertainty that comes with a biden administration. remember, nobody actually knows what we'll get under biden. he says he is a moderate but almost nobody believes that he is going to govern like a moderate. that is a huge question mark. who will have the power? is it going to be the sanders wing, the warren wing?

is aoc going to have an outsized voice. markets hate that uncertainty. that is what a biden administration, if you get a trump presidency, you know where he stands on the economy. you know what he will say yes to and what he will say no to. stuart: what worries me a elizabeth warren second temporarial tear of the treasury. brian, thank you. we have the president on the line, donald j. trump. welcome to the program. >> i like brian. i agree with brian 100%. stuart: let me talk stimulus. you offered $1.8 trillion. that is your package. and you said you want to go big. will you raise your offer above 1.8 trillion? >> i would, because look, this was not caused by our workers and our people. this was caused by china and china will pay us back in one form or another. and the money is coming back anyway. i would, absolutely i would. i would pay more. i would go higher. go big or go home.

i said it yesterday, go big or go home but nancy pelosi doesn't want to give anything. she thinks it helps her with the election i don't think so. i think it hurts her with the election. everyone knows she is holding it up. we're not holding it up. she is holding it up. stuart: would you pick up the phone to call speaker pelosi? >> sure i would. i know people, i know she has a lot of men tall problems. it will be hard to do anything with her. she wants to wait until after the election. she thinks it hurts the republicans. i don't. i think it hurts them. we're doing well. i think we'll have a fantastic third quarter. the numbers women come out right before the election but it is not fair. you look at the airlines. we've got a lot of money sitting here we can do. all we need is a vote. it is not even new money, billions sitting here waiting to go but she doesn't want to do anything and, steve has not been successful convincing her to do it. that's, you know, that's okay. stuart: can you do a separate

stimulus, just like just for the airlines or -- >> i would like to take the money that's here, looking at that take the money we already have use it in some form not have to go through the craziness of the radical left. we're dealing with radical left people. they have lost their minds. stuart: at this point do you expect to get a stimulus package of any kind before the -- >> i think there is a chance, i do. i think there is a lot of pressure on pelosi. they have a lot of sane people in the democrat party. i really think she is being, she, at some point she might very well hey look i got to do this. they have a lot of pressure on them. the republicans are willing to do it. i would like to see more money. because it comes back. it will come back anyway. stuart: so -- >> we're going to take it from china. i will tell you right now. it is coming out of china. they're the ones that caused this problem. stuart: how is it going to work then? how would it work? if they are responsible for it, they caused it, how will you get money out of them to compensate? >> well, there is a lot of ways

okay. there is a lot of ways. i will figure everyone of them out. i already have them figured out. we have taken billions and billions of dollars over the last couple years to china. i gave 28 billion to the farmers because they were targeted by china. put a lot of money into the treasury. and china paid for it. they devalued their currency. a lot of people like to say oh, china didn't pay. china did pay actually. they devalued their currency and pumped more money in. stuart: you sound well -- >> not acceptable. and the world, not acceptable. stuart: you sound well and feisty. you feeling okay? >> i feel good, yeah. i went, i went through the process. it's, you know, we got to do it. stuart, right some things you have to do. that's the way it is. they ought to open up the states. that is the other thing with the democrats. maybe more important, open up the states. we're winning a lot of lawsuits about that. michigan, she has to open up. xi wants to be a dictator in

michigan. the people can't stand her. and they want to get back and want to get back to work and so michigan we won. pennsylvania we won. you look at pennsylvania. north carolina is moving along. they got to open them up. they will open them up on november 4th. they're only doing it for politics. the schools have to open. the businesses have to open. despite that we'll have a great third quarter. stuart: now we've been reporting the second wave in europe. it is quite dramatic and they have engaged in a new series of lockdowns in various countries, london, paris and france an england and et cetera, et cetera. what happens if you get a big spike in cases in the united states? and cases are rising, what would you do? >> we're not doing anymore lockdowns and we're doing fine we had florida, we had a spike and the governor did a great job, desantis. we had a spike in arizona, the governor did a great job. spike in texas.

you know they're down very low now. we're not doing any shutdowns. we learned about the disease. young people, 99.9%, right? they're in great shape. strong immune systems. the younger the better, hard to believe. like barron, my son had it. he was like, he had it and it was gone. we said wow, that was quick you know. they have good, strong, immune systems. say it? stuart: barron is okay now? >> "barron's" great. he had it though. we reported it the other day. stuart: and the first lady? >> it went very quickly. he is young and he is strong you know, it is like different than if you're an older person and you weigh a little too much and you have bad hearts and bad other things, diabetes is very bad. it sort of is horrible disease. hits those people hard. i lost five friend. but we also now have, you know the vaccines are coming out.

but we have therapeutics. it is really amazing actually. stuart: are you tested every day? >> say it, what? stuart: are you tested every day? >> i'm tested, not every day but i'm tested a lot. i was really tested a lot after i got rid of it because they wanted to make sure and i was tested a lot. i said how many tests do i have to take? but the doctors did a great job. regeneron is a great company. it's amazing. i think it really helped me. i viewed it as a cure, not a therapeutic. they call it a therapeutic. i think it was a cure and but, maybe i would have been better without something, i don't know. i can tell you regeneron, i took it and i think it was fantastic. i think it was fantastic. the antibodies so all i know i was in and you know, i didn't exactly feel great. i haven't been sick in a long time. i didn't feel great and within a

day i wanted to, i felt like superman. i wanted to get out so it was great. stuart: you really want to open up the economy in the united states. >> yeah. i do. stuart: but the lockdowns are the result of state action. it will be the democrat governors of california and new york, illinois, new jersey and connecticut -- >> they're doing it for political reasons. and there are places that have done badly. new york has been the worst in the whole country. 40,000 deaths. new york has done very badly. he has done a bad job, really bad job, cuomo. then he writes books like he is supposed to be doing a good job. we had more deaths, if you take new york and a couple of places you look at our numbers are incredible but you would take new york out we have numbers that nobody can even compete with it, new york, a couple of places. new york, what he has done with the nursing homes is so sad to see.

at least 11,000 people dead shouldn't be. i gave them a ship and i gave them a convention center, 2800 beds and he never used them. why don't you move people into the javits convention center? he never did it. he just, was incompetent, something happened. they're incompetent. they didn't know what he was doing. he wanted it so badly. he wanted the javits center. we went in, arm corporation of engineers built it, stuart, so well and so fast and he never used it. so sad. stuart: can i move on to hunter biden, joe biden? we have this "new york post" article yesterday. >> right. stuart: linking hunter biden to joe biden to burisma official and today you've got, you got a link between the bidens and china, alleging that the bidens took millions from china. and yet the media is not covering this at all and social media is blocking coverage.

how can you get the word out there? you cannot be -- >> joe biden is a totally corrupt politician. he has been all his life. stuart: sorry, mr. president. >> he has been all his life, stuart. he is a corrupt politician. stuart: can you be sure it is not a setup? >> i don't know what setup is. look, they have the guy's laptop. hey, hunter was a disaster. hunter didn't have a job. hunter got thrown out of the military. you know why he was thrown out, okay. he was thrown out of the military. didn't have a job, didn't have anything. his father becomes vp and then hunter starts makes million dollars and millions of dollars a year. the father gets some of that, you check him out. if he went through a mueller investigation like i did, they would have found out. how about me, i go through a mueller investigation $48 million, no collusion, no nothing. put him through a mueller investigation, they would find in day one, 24 hours.

they would find out. look at the way he lives. take a look at his brother. his brother building a development in iraq? he never built before. a big one. the whole thing is is insane but joe biden is a corrupt politician. i've been saying it for a long time and everybody in washington knows it and the mainstream media doesn't want to cover. they put the story on page a-17 of new york times. they took a lot of teeth out of it. a-17. this is a front page story. he is a corrupt politician. stuart: social media has blocked press secretary kayleigh mcenany from tweeting, from reporting, tweeting about it. and yet. >> yeah. stuart: the chief executives of these big social media companies, facebook, twitter and google, they will be appearing before congress on october the 28th before the election. are you going to press them to have their liability imposed upon them for what they publish, make them -- >> if you get rid of section 230, that is the end of them and you know. we are looking at a lot of

things, yeah. when they take down a kayleigh mcenany who is a just an honorable, you know her very well, she is an incredible person. when they start doing that, when they don't want to put up the biden story, when they write a story like in the "washington post" today, they wrote a story that joe biden, listen to this, that joe biden never said about the billion dollars. he is on tape saying it. i don't know who wrote that story. he said if you don't get rid of the prosecutor you're not getting a billion dollars. he said it. he is on tape. and they're trying to say that he never said it. the whole thing is crazy. okay? stuart: you do know that -- >> it is crazy. stuart: the trump campaign twitter account is locked as well. >> well i haven't heard that but if it is it is. but it is all going to end up in a big lawsuit. there are things that can happen that are very severe i would rather not see happen but it will probably have to. it is out of control.

it like a third arm, maybe a first arm of the dnc, twitter and facebook and they're like, they're like really, it's a massive campaign contribution this is a third arm of the dnc, the radical left movement and that's the biggest problem our country has. it is not with the right. it is with the left. the radical left is the biggest -- antifa and that scum is the thing that's hurting our country and not in republican areas by the way. with republican but almost 25 out of 25 cities and states are run by radical left where they're run by radical left, those are the high crime. whether new york which has gone through the roof, statistics job cuomo doing the job there, it is so bad, iit is so bad. his political career has to be finished. you can't have numbers where he is putting up certain types of crime are up 250%? and you know, he is helped along

by the mayor in all fairness. the mayor i guess he will go on to greener pastures pretty soon. but it is a very sad thing that happens, stuart. very sad. stuart: are we seeing more documents coming out soon? we're told you will declassify everything? >> i'm declassifying everything. yeah. i will be declassifying. sort of amazing the way they don't want to release anything before the election because they don't want to interfere with the election. it was okay they spied on my election, tried to overthrow the presidency, despite that i've done more in 3 1/2 years than any other presidency in the history of our country and nobody even challenges me on that. but it is okay for me to have be spied own on and ripped off and defrauded by these thieves because they don't want to affect election. republicans play a much nicer game. we have some warriors, great

warriors, jim jordan and some of them but think of it, they don't want to affect the election. so let's wait until after. well, some of the people that are running are very much implicated in the stuff they're looking at. so why should they get a free pass because it took too long to do the investigation? if you look at the horowitz report, like 78 pages on comey, who was a corrupt person, very corrupt. you look at the worst, i mean, they talked j. edgar hoover. this guy was worse. just not as smart. j. edgar hoover was smart. this one is a dummy. if you look at comey, what he did so bad, he lied, he leaked. he lied before congress. he lied before senator grassily in congress. he got everything. if you look at the horowitz report, i have a lot of respect for horowitz, he was appointed by obama but i have a lot of respect for him. he did a report on comey that

was so bad even "the new york times" said, wow!. they wouldn't believe it. they wrote a thing on him. it was incredible. they haven't pursued that. why haven't they pursued it. i read that report. i don't get a chance to read too much of that because i'm reading a lot of other things like we rebuilt our military and done things nobody -- biggest tack cuts ever, you know that better than everybody. biggest regulation cuts. i had a lot of things to do but you know what, when you read that comey report done by inspector general horowitz it was so devastating and we had that for a year, more than a year. stuart: okay. >> why didn't they do something about that? even "the new york times" saud one of the worst things they have ever read. you have to see, in all fairness to "the new york times," you got to see what they wrote about it. stuart: okay. >> then they want to wait until after the election to be nice? it is a sad, very sad. actually it is pathetic.

stuart: can we ask but the tax cuts that you put in place after the election. >> yeah. stuart: if you win, what kind of tax cuts would we get if you win? >> number one biden wants to increase the taxes including the middle class and he wants to get rid of the tax cuts we've given to the middle class an already you're talking about a minimum of $2,000. that doesn't include the thousand dollar child tax credit. it doesn't include energy which is 3 or 4,000-dollars a family. if you play the energy game like they want to do, you will not have, you will have brownouts like they have in california all over the country. you won't have gasoline for your car. they got the thing, go one car per family, make it all electric. the whole thing is crazy and the whole thing is out of control. but we're now energy independent. if you add energy to it, stuart, you're talking about six, 7, $8,000 per family that they have saved with me. you've seen the numbers.

i've done more in three years in terms of making a lot of money for people, middle income people than they have done in eight years times many times that. and for african-american, for hispanic-american, for asian-american, nobody's ever done like we've done. and we've now got in the world, we've got the fastest growing economy. we've been affected less by the pandemic than any other major country in the world. stuart: what -- >> you saw that number came out two days ago and we're growing back faster. we're growing back very fast. you will see some great numbers, i really predict. i don't know that, i make that straight i don't -- but you're going to see some great numbers. i mean predictions of 25% gdp increased. that was a fed prediction i think atlanta. you will see some fantastic numbers. we have the possibility of having a better year next year than we had last year, which was the best year we ever had. stuart: what tax cuts would you

put in place? >> a guy has no clue where he is. he lost it totally. stuart: mr. president, can you tell us which taxes you would cut if you a get a second term? >> middle income, income tax. we're talking about income taxes for the middle income people. may bring down the 21% down to 20, even number. but the big tax for me is going to be the middle -- we've given that a lot. a lot of people, we didn't get enough credit for it frankly because we don't get enough credit for anything, frankly. we've done a great job on some things including covid or the china virus because what we've done is been incredible. you will see that very soon with the vaccines that are coming out. and you will see it with regeneron and some of these drugs. we'll be providing regeneron all over the country very shortly at no cost. stuart: at no cost? >> yeah, no cost. because it wasn't the peoples fault the plague came. it was china's fault.

they kept it from coming in china, from spreading in china. stuart: are we going to get vaccine tested and distributed this year before christmas, say? >> yes. and in fact, exempt for politics i think it would have been even sooner than that it would have been before the election. might still be a little bit. there is a lot of politics. with that i will say this, the fda has approved things at a rate that nobody thought possible. this would be years before. look how badly biden handled, he was so bad handling the swine flu, h h1n1. which he reverses he can't get it right. he can't remember, i said joe, the h comes first before the n. but the h1n1 spine flu, he was so bad it was pathetic. his chief of staff sad it was so badly handled. it was much less heat that, much less lethal disease, but many, many people died it shouldn't have. he was so pathetic. they said he was bad.

this comes along and he is trying to tell us what a wonderful job he would do. he wouldn't have won a wonderful job. he wouldn't have done the ban on china. i did the ban months earlier. he ultimately admitted i was right you about that was months later. we saved a lot of people. we would have lost 2.2, projected 2.2 million and one person is too many but let's say we're at 210,000 but we would have lost 2.2. it was projected at 2.2 million people. stuart: would you get a vaccine for every american by year-end or just essential workers? who would get it first? >> well i would get it to earnings workers and older people. i don't believe i would ever do a mandated vaccine because i just don't think i will, would be, i just don't think i would do that where you have to have it because some people feel very strongly about that whole situation. we're going to have, you know, like i have immunity now, i don't know, i hear from anywhere four months to a lifetime.

sort of interesting, as soon as i beat it, no, he is only immune for four months. i always heard for a lifetime. that's okay. if it was anybody, hey, stuart, if it was you, they would say he is immune for his lifetime. for me, four months. they have want to make it look as bad as possible. having gone through it, i'm the president ofth country. i can't sit in a i ba not see anybody for a year. i just can't do that. so i was out and i was around and i had no choice. i always said, this is risky. i'm out, it is risky every time you go into a room full of people. you say i wonder if i caught it. i was doing well, one day i got a reading, a positive reading. positive in a negative sense, right sounds sort of strange, but positive in a negative sense but and i had it, didn't feel great. i had great doctors over ad walter reed and johns hopkins.

one thing when you're president you have no lack of doctors. i was surrounded, more doctors, more talent around that bed but i beat it and i beat it quickly. it went fast. and people are amazed because i was in pennsylvania, florida. we had 41,000 people in florida. we had a lot of people in pennsylvania, 25, 30,000. last night i was in iowa, it was incredible. and -- stuart: a lot of people are criticizing you. >> say it? stuart: a lot of people are criticizing you for these rallies, huge crowds, thousands of people. pretty close together, not wearing masks they're calling you a spreader, not but the rallies a spreader of the virus. how do you react to that? >> well, joe doesn't have any rallies because nobody shows up to his rallies. so he doesn't have the same problem but what i do is outside is a big thing. and if you look at those people they are really wearing masks. i looked last night in iowa, there were many, many people wearing masks.

but cdc comes out with a statement 85% ever the people wearing masks catch it. did you see that yesterday? they came out. what's that all about? stuart: you want to open up, right? you don't want restriction. >> open up. yep, got to open up. stuart: you accept that there is risk -- >> there is bigger risk if you close. look suicide, alcoholism, beatings, you take a look what's going on with these closed, where they closed up michigan, how horrible it's been. the only one that was allowed to work in michigan was her husband. he was allowed to go boating, you know? the governor's husband was only one allowed. the only guy could do it. you take a look what happened in michigan. look at what is going on in these places. look what they have done to new york. everyone's leaving. they're all leaving. these lockdowns and the crime, that it has caused but look at depression and you look at alcoholism, you look at drug use

and, i said, i think i was the one first one that seemed to made sense, the cure cannot be the worse than the problem itself. stuart: you know, i'm a new yorker now and you're a new yorker from way back and we look outside the window of our studios here in midtown manhattan and the place is desserted. >> like death. stuart: nothing back till june, restaurants are closed and failing. when do you think new york city might return to the way it used to be? i mean are we talking many, many years? >> a lot of people are leaving new york because cuomo has done a terrible job with taxes. he has taxed everybody through the roof. people are leaving. because economically they can't stay. they can't stay. i mean, all you do in new york is you get taxed and you get investigated and they take an investigation where you go through for years and then they, you win in washington and you win all over the place. then they send the papers to new york, it is all politics. it a disgrace.

new york is a disgrace. that is a place that i love but cuomo's run it into the gutter. he has done a terrible job. look i can rate the governors, it may are the governors are ones, we got them the material, got them ventilators which nobody else could have produced we got them a lot of things. i can tell you the governors, some governors did a great job and some governors didn't. stuart: you do know joe biden if he wins the election is reportedly considering governor cuomo to be attorney general? >> well, that's fine. let him pick whoever he wants. he can pick whoever he wants. stuart: elizabeth warren for treasury secretary? >> you will have a group of beauties. look what she did with the credit union. look what she did. she destroyed people. you can just imagine. i will tell you what, people better hope he doesn't win if he wins -- he will have nothing to do with it, he is shot, mentally shot. everybody knows it. he will have nothing to do with it. it will be run by other people who are vicious and smart and

radical left and antifa. stuart: when i walked in this morning, mr. president i saw "the wall street journal" poll which puts joe biden 11 points nationally ahead of you. >> yeah. stuart: there is awful lot of people saying look, they're not so much voting for joe biden as voting against you. because sometimes they don't like the language you use, don't like your terminology, don't like your tone. what do you say about that? >> well, polls were wrong last time and they're more wrong this time. oh, these polls are much better than i had last time. last time i was down in nine states, i ended up winning all nine of them. and you know, it is like, he is going to lose this one, that one. we're up in florida. we're up in iowa. i think we're up in a lot of different places stuart, a lot of different places that i think we're doing great in pennsylvania. we're doing great in north carolina. we're doing really good in michigan now, we're doing great. i think we'll have a big

victory. they are fake polls. they over, over poll the democrats. we hat one poll, 22% more democrats than republicans. i said what is that about? trump is five down. then they put on the bottom i think they have a legal requirement that is why i don't even understand why they put it they will say they overpolled democrats by 20, 25%. i say what peace that all about. if you're five down you're actually 10 up. look we won our last election. this is easier because i've done so much. nobody has done what we've done, stuart, with the tax cuts and regulation cuts and rebuilt the military and choice for the vets. and the accountability for the vets. 91% approval rating with the vets. stuart: okay. >> nobody's done what we've done. we'll see. can only do what you can do but there has never been an administration that's done so much so well. stuart: okay. >> the other administration was a corrupt administration. you see that with biden. he is getting a pass.

if he had the same press we have to go through he would be out of office, he would have never been vice president, frankly. but they don't. they protect him. think of it, a-17 in "the new york times" and the story is all watered down. it is really, the media in our country is the enemy of our people, remember that. it is the enemy of our people. stuart: the "new york post," the latest revelations that are out today suggest that china provided a great deal of money to the biden family. >> sure. stuart: $3 million. i think that's the number. does that revelation and that charge, does that change our relationship with china? and does it change china if joe biden wins, do they have something on joe biden they can exploit? >> number one, yes but more importantly, if china wins, if, because, when he wins, china wins, so if china wins, tell you what, they will own this

country. you let biden win, because that is big win for china. this is all they want is for biden to win. all they're focused on is biden. you can tell the clowns looking and investigating and everything else, the ballots are a big problem for our country because they can be reproduced a lot easier than breaking into computer sites. the fake ballots that everybody is talking about all over the world. it is sew crazy what is going on. every day, not a day goes by where you don't see large masses of ballots that are missing and fraudulent, thrown away and found in garbage cans and dumpsters. look what is going on. stuart: when was the last time you talked to xi xinping? >> i have not spoken to him in a while because i don't want to speak to him. and yet they're ordering, i have a trade deal and ink wasn't dry before thissing thing came in i haven't spoken to him in a while. not looking to speak to him right now. we cut our deficit very

substantially with him. we were getting ready to do the big thing, then this came in, the plague came in from china. they could have stopped it. but the plague came in from china. it changed things around including our relationship. stuart: he has not reached out to you? >> i don't want to comment on that but, they want to talk. they made the biggest order of corn in history last week. they made the biggest order of soybean. i just left farm country. they love me. they love me. the reason they did because they know, they think i'm going to win by the way, just so you understand. stuart: how -- >> they will do everything possible -- stuart: how do they know you're going to win? >> if biden wins china will own the united states, i turned it around. you know that better than anybody. 2019, go back 10 years, everybody projected the 2019 the economy of the china was bigger than the u.s. except it didn't happen. i turned it the opposite way.

we were picking up much more than them. i did no dumping steel and tariffs and everything on them. they want sleepy joe to win, if he does, if sleepy joe wins china will own the united states. stuart: okay. you got a town hall tonight. >> yeah. stuart: with nbc. >> i'm sure that will be fair. stuart: well, how are you going to handle the likely hostility? by the way 100 nbc actors, producers, they're protesting the network's decision to host you at the town hall tonight. >> yeah. stuart: they will be hostile -- >> only thing it's a different audience. the people of your audience they like me. stuart: i know. will you have the same tone when you're faced with hostility, will you have the same tone the aggressive tone you had in the first debate? >> well you don't change. i think i won the first debate. according to most people i won it. then what happens, you have to understand i was debating him.

he is easy and chris wallace. and every time i said something, why did the mayor of moscow's wife give you 3 1/2 million dollars? chris wallace didn't like the question. i said why did you pay, with america money, why did you say you're not giving a billion dollars unless they get rid of the prosecutor from your son and your son's company. chris wallace wouldn't let him answer the question. he was choking. he couldn't answer the questions. chris wallace protected him. i lost a lot of respect for chris wallace. i loved his father. his father liked me. stuart: in defense of chris wallace, my colleague i would say that you didn't make his job any easier. you did interrupt a lot. >> i did because what biden was saying was all false stuff. he was saying i said something on the graves of soldiers. nobody respects the fallen soldier or the living soldier more than me. they made it up. it was anonymous source.

i had 25 people refute it. it didn't make any difference. that is when i said the gloves have to come off anyway. he was going through all these phony stories, just phony little, i interrupted, if you don't interrupt people will believe it. it is just the way it is. hey look, i have had many people said i won it but some people said i was rude you have to be rude. the guy's liar. he is a liar. he is a corrupt politician. joe biden is a totally corrupt politician. look at son's server. i can't believe they found his laptop. it is incredible. you don't even need that. you didn't need that. they would never question him on the 3 1/2 million from moscow. why did the kid get 3 1/2 million dollars from moscow? russia gets crimea okay? that was during obama. that wasn't during me. they get crimea. stuart: do you think hunter biden will be brought up at the abc town hall tonight with

joe biden? >> it is going to be very interesting to see because, i watched nbc the way they handled biden the other day. it was disgraceful. lester holt. it was like a child. they were questions for a child. it was a disgrace. they got killed for it. and they should, by the way they should give me the same kind of questions. it won't happen, you know what, they will get badly mangled if they do anything else but i felt you know, they asked me to do it. it is something i do, and it's a different audience. and that is good for me to have a different audience. we produced the greatest stock market in history. we'll produce it again, okay. to think we're over 28,000 and we're rounding the turn. we are rounding the turn on the pandemic by the way. but 28,000 plus, and you know, you're going to be at new highs very soon in my opinion and you will have an unbelievable third quarter and an

unbelievable next year. except if he gets in and raises everybody's taxes by four times. they're talking about quadrupling taxes. that will kill it. and all these companies are going to leave. we took in tremendous numbers of companies came into the u.s. because our taxes were prohibitive. just like new york. they're prohibitive. cuomo raised taxes too much. people are leaving. stuart: the counterargument, mr. president, if joe biden wins, he can't raise taxes unless he has got a democrat senate. and the argument is -- >> i think if he still wins that could happen. by the way he could get a senate. he can get a senate. stuart: if he wins he might also start spending big time quickly as opposed to raising taxes later that would mean real stimulus for the economy and so a lot of -- some people might think that is okay. >> doesn't matter what he said. he will said there is no more fracking the day after the won

the nomination and goes to pennsylvania says i will frack. that is another thing they never bring up. you have 20 tapes of him saying there will not be fracking. it is called read my lips, right? that happened before. there will not be fracking right? then he wins, he says there will be fracking. he goes to pennsylvania. the people of pennsylvania are too smart. they don't believe him. and he doesn't, he is shot. he is mentally shot. so what happens is he is not calling the shots. stuart: you know there is a lot of people, mr. president, who don't like it when you say that kind of thing. >> but i have to tell the truth. we can't have a president who obviously isn't very sharp. and you know never was in prime time. he never was. but we can't have that because we have a country and we're trying to save our country and we have a radical left that has him totally under control. and we're trying to save our country. so i can do it much nicer.

i'm a smart guy but i, you got to make the point. everybody knows it. we can't be in a position where we have that. we don't have that luxury. he goes to his basement. he will sit in his basement for two days. he will come up and then he will say a couple words and read -- i never seen anything because i have dealt with reporters a long time but they give him the questions and he reads the answer off of a computer? to a reporter who i always assumed was, you know, even if they're not on my side they were legit. he is getting questions, stuart, and he is reading them off of the computer, the answers. stuart: okay. >> from a reporter. you've seen it. most of the time. i have never sign anything like it. stuart: do you expect to get an election result on november the 3rd? >> well it should be. we won a lot of cases. a lot of the cases we won they have to give you the result. we had somewhere you have to put in, to put in your votes a week later and then you get the results two weeks later.

that means you can never, you know it will be weeks before you find out or after november 3rd. we've won a lot of cases november 3rd is becoming a very important date. stuart: okay. under what circumstances would you concede the election? >> all i want is a fair election. stuart: so your judgment whether it is fair or not as to whether you concede? >> stuart, they always talk about the friendly transition. they spied on my campaign and they got caught. they tried to overthrow the president of the united states and they got caught. and then they stand up, so innocent and they say will you know, do a fair transition. well they didn't do a fair transition. they spied on my campaign long before i won because they thought i was going to win. because they knew me. stuart: you're implying if you don't think it is fair, you won't leave the white house, which means you won't concede?

>> i'm not saying anything. i'm saying this. i think everybody says it. you have to have a fair election. look at these ballots that are -- tens of thousands of ballots are already fraudulent. i want to see a fair election. that is all i'm asking for is a fair election. and that's it. but you know when they talk about a friendly transition, they spied on my campaign and they tried to terminate with crooks and thieves like, you take a look at a guy like director comey. he was a very dishonest person. all you have to do is read the horowitz report. he was a very dishonest person. stuart: if it wasn't a friendly transition when you walked into the white house, does that mean that you're not going to allow a friendly transition if joe biden walks into the white house? >> no. it doesn't mean anything except it means that people broke the law. people spied on my campaign.

and they act so innocent like it never happened. oh, gee we incident do that. then they did it. we have so much evidence. we have nice people. they want to have the election. you know, shouldn't interfere with the election but nobody-minded when they interfered with my election that i won but nobody minded then. so it is a very interesting period of time. i think we're doing really well. we're doing well in states that i'm not even sure people know it. we're doing very well and it wit be a an interesting 20 days. stuart: this is a financial program as you know. so may i wrap it up on a financial note? >> sure. stuart: you came into the interview you're prepared to go higher than $1.8 trillion. >> correct. stuart: you don't expect a phone call from speaker pelosi but you would go higher. how much higher would you go? >> i would -- we like stimulus. we want stimulus. we think we should have stimulus

because it was china's fault. it was not the american workers fault or the american people. >> why not just go with speaker pelosi's $2.2 trillion deal? >> she is asking for all sorts of goodies. she wants to bail out badly-run democrat states and cities. she wants thing, your pride couldn't let it happen. should be covid related. stuart: if you want to up your over, above 1.8 trillion, what would that extra money go to? >> it woe go to the worker. it would go to the people, directly to the people, so they can live nicely and their lives won't be shattered because of china. stuart: okay. have you total secretary mnuchin to get out there to offer more than 1.8 trillion? >> i told him. so far he hasn't come home with the bacon. stuart: mr. president i know you have to get on air force one

shortly to go to florida. >> i do. stuart: thank you very much for doing it. >> i think you have a great show, stuart. i like your show a lot. i like you a lot. bye. stuart: thank you, mr. president. thank you. all right that concludes it. i think the main point there was about the stimulus and the market is still down about 200, 250 points. the market didn't move up on that news. it actually moved down a little but the president did say he is prepared to go above 1.8 trillion. he is prepared to go big. he told his treasury secretary, go big, go above 1.8 trillion, as the president said so far secretary mnuchin has not brought home the bacon. susan li sifting next to me. any other response? susan: the fact there is a chance of getting a covid stimulus package before the election, i thought that was also noteworthy as well. when it comes to china, he says he hasn't spoken to chinese president xi xinping for a while and he doesn't want to. that also made headlines.

in terms of income taxes he wants to cut the middle income taxes for americans if he is reelected. also from what i understand he wants to bring down the business tax from 21% down to 20%. that is something they're thinking about as well. stuart: yeah. susan: that had a bit of an impact in terms of how markets are pricing in some of these comments. stuart: i was intrigued when i asked him, well has xi xinping called you? susan: right. stuart: he wouldn't say. i don't want to discuss that. i'm not sure why that is so but he doesn't want to discuss that. susan: i like how you pressed him in terms of the dollar amount of stimulus package. quoted on wires. trump says we like stimulus. we want stimulus. we think he should have stimulus. stuart: i did is a that. glad they're quoting us. charles payne is with us. you were watching the interview. what is your takeaway? >> i think the biggest news is really on the stimulus front. i'm glad you got that in at the

end there, because this is really what we're looking at. listen, i have don't know how much the market is moving on it right now because i do believe wall street believes a deal will happen. it is just a matter of when but i do believe there are certain segments of main street needs it to happen today. obviously if it happens today, markets would postively react. there is no doubt about that. just the fact president trump has come up so much. $1.8 trillion. he is willing to go higher. it is not about the dollar amount it seems. it is about what you're going to use it for. no, we shouldn't be bailing out blue state pension funds. we shouldn't fund blue state red carpet programs to welcome anyone into their states on social assistance programs. yes, we can go higher but let's be smart about it. there are things obviously everyone knows would benefit all americans rather than pull blue states out of the hole. the initial jobless claims number today, look at the states hit the hardest, hawaii,

california, illinois, there is a reason for it. also i liked the idea president trump talked about opening up the economy, keep it open. no national lockdown. we opened up under pressure in large part because europe is under tremendous pressure. european market is down almost 3%. boris johnson is dealing dealinh what they call the circuit breaker. what is that? locking the entire country down again. that sent shivers down the spines of investors and workers. lucky they were able to get back to work, to keep their families fed. stuart: charles hold on. i want to wray in jason chaffetz. jason watched usth morning. your main takeaway. >> great interview. congratulations. that was very well-done. the stimulus is what affects every single american. the market understands that nancy pelosi has a political imperative to make sure the president is not elected. she doesn't want the checks

going out to americans at rate they are going to the polls. she will come up with all kinds of excuses. she has buried that bill with superfluous things that have nothing to do with the recovery of covid. i think she will hold that back, despite the president willing to go high every than $1.8 trillion. stuart: politically it's a question who gets the blame if we don't get a stimulus package. i would have to say, that if the president is offering to go well above 1.8 trillion, and speaker pelosi refuses to talk to him on the phone and won't accept that deal and won't come down a little bit, i got to say that speaker pelosi has to take the blame here? >> i think that the white house communication needs to be much clearer that they're just asking for a clean bill. money from the treasury to the american people directly. nothing else in the bill. and if they can just communicate that really clearly and continue to show all this other junk that is in there, that is holding up

this bill i think they can win on that message. stuart: that is what the president said. he doesn't want that other stuff in there. he wants the money, extra money to go to the workers. we really are talking about a enormous amount of money. 1.8 trillion, above that. two trillion dollars is roughly, charles, roughly 10% injection, 10% of gdp injection in cash into the economy. that is as enormous stimulus, isn't it, charles? >> it is enormous stimulus on top of stimulus already been injected. this is a global issue everywhere around the world. they are injecting money into the society, once you lock an entire society down, one thing we find it is really hard to restart it. that is intriguing, having interview conversation with president trump, it felt a little bit melancholy, he knows that the work he has done, the economic momentum we had coming

into this virus, the thing they have done since then. what, excuse me what they have done with "operation warp speedd next year the economy will be bigger next year. he knows that. he will be in charge of that. he knows if biden wins he will get credit for that. american consumer, those working are sitting on trillions of dollars. businesses are investing, home market is going through the roof. we're poised with the vaccine and one more round of stimulus to have monsterous 2021, to the upside. stuart: you second that, jason chaffetz, a monstrous 2021? >> wholeheartedly. i think a lot of things are being held up in washington, d.c., because the democrats don't want donald trump to have any part of success. put that behind him. let donald trump do what he does best. we have can get back to what it was like last year, and even bigger numbers. by the way one other news item you got out of that,

donald trump saying there would be no federal mandate that everybody would have to take the vaccine. i think that is an important point it would be voluntary. stuart: very important. gentlemen, thanks for joining us. we do appreciate it. i'm sure we see you again real soon. >> thank you. >> let me show you the market real fast. we're down more. down 263 on the dow industrials. you're down 171 on the nasdaq. there is a lot of selling going on right now. we're not done yet. pete hegseth, bob doll, moments away from the third hour of "varney & company".

>> this was not caused by our workers and our people, this was caused by china. and china will pay us back in one form or another. i think we're going to have a fantastic third quarter. we're not doing any more lockdowns. they ought to open up the states. that's the other thing with the democrats, maybe more important, open up the states. you know, we're winning a lot of lawsuits about that. michigan has to open up. joe biden is a totally the corrupt politician. hunter was a disaster. biden wants to increase your taxes including the middle class, and he wants to get rid of the tax cuts that we've given to the middle class. i've done more in three years in terms of making a lot of money for people, muddle income people, than they've done in eight years, and we have the possibility of having a better year next year than we had last

year, which was the best year we ever had. ♪ stuart: all right. you just i saw it, the i highlight reel from our conversation with the president this morning. we're going to talk about that throughout this hour. on deck, pete hegseth, bob dole, dan henninger, harmeet dhillon. look at the markets, it's pretty much stayed exactly where it was at the beginning of the interview. we lost a little ground at the beginning. we were down about 220-250, and that's where we are now. the market's still selling off, down about .8%. the nasdaq's down over 1.3%. all right. let's get right to the president speak out on the new york postreport about how hunter -- new york post report about how hunter biden introduced a ukrainian businessman to his father who was then the vice president. roll tape. >> joe biden is a totally

corrupt politician. hunter was a disaster. hunter didn't have a job. hunter got thrown out of the military. you know why he got thrown out, okay? he was thrown out of the military, didn't have a job, didn't have anything. his father becomes vp and starts making millions and millions of dollars a year. if he went through a mueller investigation like i did -- put him through a mueller investigation. they'd find day one, 24 hours, they'd find out. stuart: all right, let's bring in pete egg he seth, "fox & friends" weekend cohost. as you can see, it's rather difficult for a guy like me to interrupt the president of the united states, but i tried hard there. [laughter] >> stuart, you did a masterful job. i've done this on "fox & friends" with three anchors, it's hard enough. to be the one guy, what, 45 minutes or so? you done well. you done good. great job. and it's not easy. listen, my initial reaction, stuart, he sounds like a man frustrated. and not in a bad way, but frustrated. here's these reports with hunter

biden, yet social media suppresses it. he's willing to make a deal on a stimulus. nancy pelosi refuses to even though that number has gone up and up. he wants to open up the country, but democratic governors for political reasons want to keep them closed. and he points out the double standard of what they have done to him yet what he's accomplished, and if neighborhood -- if that kind of scrutiny the came on hillary clinton, joe biden or hunter biden, what they would unearth would be earth shattering. at the same time, he points to what he's accomplished and hopes people see that and hear that through the noise. stuart: look, it may be a very elaborate setup. i'm not going to discount that entirely. i don't think it is, but it sure does not look like it. but the point is, and you made this point, pete, the more amern people deserve to hear about it. it should not be blocked on twitter or facebook. and the major networks and other news organizations, they should be reporting this. if they want to i saw it's full

of nonsense, say it. but at least report what's going on. >> exactly. if it is some elaborate hoax, that's on "the new york post" and others who should have done their due diligence to make sure that it is. stuart: right. >> just like it's on all these ore agencies or other news outlets that have pushed anonymously-sourced information for years and years and years. none of that got blocked. you know, people see that when twitter and facebook say arbitrarily, okay, we have a hacking policy or a stolen information policy where we don't share it, okay, that's one thing. but then why did you run with the president's tax returns as adamantly? there was no blocking of those stories. it's always a double standard, it's always -- and think about it, the president's own press secretary's personal account was blocked because she shared an article from the new york post? "the new york post"'s own posts were blocked. this is not a neutral platform, this is a publisher. that needs to be revisited, but we don't have time here 18 days, 19 days before the election. stuart: well said. one more for you, pete.

president trump says if joe biden wins, china will own do u.s. what do you say to that? >> fact. china has owned the u.s. because of the, frankly, bipartisan consensus on china's peaceful rise over the last couple of decades. we've got joe biden on tape saying this repeatedly in the senate and as vice president, the more that china rises, the more that china succeeds, the better off we will all be. we know that was a lie. the idea that trading with and enriching china would lead to political reforms there has proved patently false. the communist parties that used it to consolidate power, and they're pushing it around the world. that's still with the view of biden. now we've learned that they were making deals and business deals within china with his son as well. you hear the rhetoric from joe biden, he calls them a competitor or a rival. tell that to the people affected by the china virus. tell that to the people in

taiwan and hong kong. tell that to their navy which is trying to surpass us, the hypersonic missiles they're building, the belt and road initiative, this is our biggest strategic enemy right now. he won't call it that, and as a result, they will own us. they will eat our lunch because joe biden will be asleep at the wheel. stuart: but they're buying our corn and soybeans in large amounts -- >> good. stuart: that's some saving grace. >> yes, it is. stuart: pete, thank you for being with us. >> great job. stuart: check the markets. we've only come back a tiny bit. we're down 220 on the dow, down 160 on the nasdaq. it's still a selloff. bob doll is with us, equity strategist and senior portfolio manager. you may have herald what the president had to say there about the stimulus. he says, look, he's offering more than his initial offer of $1.8 trillion. he'll go up from there. he wants a bigger deal.

doesn't look like he's going to get it from speaker pelosi. what impact from the that on the market? >> i think the markets, stuart, are saying we'll take a bigger bill when we can get it. finish recognizing we're probably, unfortunately, not going to get anything through politics -- due to politics before the election. and the market ising you know, having problems, the coronavirus flare-up in europe and the initial unemployment claims were a little on the weak side today. but i think the market has come to grips with we're not going to get a stimulus bill anytime soon. stuart: okay. about those jobless number, nearly 900,000 new claims. that's not a good number, by any means, and it suggests that the economy is not taking off in that v shape vigorously. and i believe you're predicting, what, less than 5% growth in the fourth quarter? that's a lower prediction than you've made previously? why so low?

what's the slowdown here? >> because we've had, we're going to have an amazing third quarter reported in a couple of weeks that's going to be well over 30%, stuart. look, the long-term growth rate in the u.s. has been about 2%. if we can get 4 in the fourth quarter, that's still strong, double normal. it's just the v is giving way to a more wavy recovery. jobs, west virginia been running about a million -- we've been running about a million new jobs per month of we're probably down shifting to half a million new jobs per month. that's still a great number, it's just not a million anymore. stuart: okay. so regardless of the slightly slower fourth quarter growth rate and despite the uncertainty about the election, you still new the market's going up? >> no, i think that we're in a churning sideways sort of pattern. we got floorly 3600 on the s&p -- nearly 3600 on the s&p in early september.

that may have been the high for the year. we're 4 or 5% off that as we speak. i think we're going to bounce around and churn as we digest the 60% runup we saw from the marlo to the september high -- march low to the september high. where are we we on the coronavirus, the stimulus bill, the election. the market's got a lot of stuff it's facing, as you know. stuart: okay. so churning for the immediate couple term -- medium term until everything settles down. but, you know, bob, it never settles down, does it? >> no, it doesn't. stuart: who knows what 2021's going to be like. if it's anything like 2020, i think we're in trouble. except for us in the news business -- [laughter] bob doll -- >> more market for news. stuart: i like that. i'm going to steal that expression, bull market for news. thank you, bob. we'll see you again soon. >> all the best. see ya. stuart: yes, sir. now, president trump promising another round of tax cuts, and that's for middle income americans. have we got more on this? >> yes, so let's get back to

that because, again, this is a pro-growth agenda that president trump reiterated with you. he wants to cut taxes for the middle income folks and also the business tax from 21% down to 20%. don't forget that president trump in the past has said that he would cap and cut capital gains taxes for the ultra-wealthy. contrast that with what biden wants, he wants to raise taxes, he wants to raise the business tax up to 28% from 21 %. and then, of course, the top income earnings back up to 39%, and capital gains will be taxed like income and not investor dollars. so i like that contrast. and let's be honest with how the market trades, it's not on earnings reports despite how stellar they have been, it's on what the government's going to do with stimulus. the key headline from your interview with president trump is that we want stimulus, we're willing to go above $1.8 trillion. he told steve mnuchin, the treasury secretary, or to get a deal done. so far that hasn't been brokered. stuart: so far he hasn't brought

home the bay cop. >> that's right. stuart: look at that. the market has come back. we were down 250 at the edge of the interview, now we're down 140. it's possible that that is sinking in that the president does want a bigger deal. >> there's a chance of getting a stimulus chance before the election. we're going to have a big third quarter gdp number and other headlines, i think of note, which doesn't seem directly correlated but has an impact, is the fact he doesn't want any more lockdowns, no more lockdowns, and he's not going to mandate a national vaccine. stuart: yes. that's a very tricky subject, isn't it? separate entirely from the money and markets. if you do not say you've got to have the vaccine, how extensive will be usage of the vaccine, because that makes a difference to whether or not you get a second or third virus -- >> and into biotech companies that have rallied since the start of the vaccine development process. stuart: vertex pharma down 20%,

but i think that's a special case, not related to other subjects. susan, thank you very much, indeed. dan henninger, he's here. we'll get his take on the supreme court hearings. that'll be the first time we've mentioned it all day. everything else has taken precedence. and take a look at this, none of the network evening news programs spent any time on the hunter biden new york post story last night. we're going to cover it for you. but first, indoor gatherings are now banned in london. the u.k. sees a spike in the virus. i asked the president about more lockdowns in the u.s. just watch this for a minute. >> we're not doing any more lockdowns, and we're doing fine. we're not doing any shutdowns. no, we learned about the disease. stuart: all right. [laughter] look at this, that would be good news, indeed, no more lockdowns because, there you have it, there is times square, as deserted as ever. one of these days we'll see some

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>> nancy pelosi doesn't want to gie anything. she thinks it helps her with the election, and i don't think so. i think it hurts her with the election, because everyone knows she's holding it up. we're not holding it up, she's holding it up. we've got a lot of money sitting here, all we we need is a vote. billions sitting here waiting to go. stuart: as you can tell, i did a lot of nodding and listening and attempting to jump in. didn't work very often, but there you go. that was the president telling us moments ago that he's ready for more stimulus and soon.

senator john barrasso, republican from wyoming, joins us now. >> thank you, institute. stuart: you're laughing because, you know, it's hard to get a word in there, but look, it didn't sound to me like we're really going to get a big stimulus package before the election. how did it sound to you? >> i agree, stuart. the president is right, people need help. he's also right, nancy pelosi continues to move the goalpost. is she wants all sorts of things in this including bailouts to states that have been poorly run for decades, new york, california, illinois, and she wants direct paychecks to illegal immigrants. the senate is going to put a bill on the floor of the senate, the republicans will, or next week that is targeted, focused, common sense to get people back to work, to get kids back in school and to put the disease behind us. and is we're going to see if any democrats will sport that or -- support that or if nancy pelosi will keep her hand on the kill switch so nothing will get done.

stuart: so you're putting the speaker to the test, actually. >> well, i think anybody that saw her with wolf blitzer saw that she is a bit unhinged. she has members of her own caucus saying let's get at least this part done to help families and help main street america. but she is completely devoid of understanding of what's happening on main street. i've been traveling the main streets of wyoming visiting with small business folks. they need that additional paycheck protection which is available, which the president wants to dod today. the secretary of treasury says the money is there, let's do it. and the other thing i hear all around wyoming is do not shut down this economy again. stuart: right, ever. yeah. please, don't do that. okay. president trump just told me there will not be a national mandate for the vaccine. in other words, they're not going to say to you, you've got to have it, you've got to have it. they're not going to do that. that could be a problem though, couldn't it? because if not enough -- if very

few people take the vaccine, you don't have the same coverage as you really want. you're not really preventing its spread that much, are you? >> well, a couple of thoughts -- i am. and, you know, growing up when the polio vaccine came out, there were concerns about that, but when we knew it was safe and effective, all of us got it. i think the same thing's going to happen here with the coronavirus vaccine when we know it is safe and effective. and i've visited with the researchers who are doing this. i was with a group of students at casper college, went through how the research done, and one of the students said, well, i think if everybody understood that, many more people would talk the vaccine. so i expect, you know, within a number of months once the vaccine is available and proven to be effective, we are going to see no mandates, but more and more people saying i want this vaccine so i don't have to worry about the disease. stuart: okay, we got it. mr. senator, as always, thanks

very much for joining us this morning. great day, and we appreciate your being here always. thank you, sir. >> thank you, stuart. stuart: now, i do have some breaking news that's coming to us from capitol hill. what do we have, susan? >> it looks like ted cruz, along with the rest of the congressional panel, wants a subpoena to get jack dorsey on the hill to figure out why exactly twitter is blocking "the new york "the new york post," the trump campaign and kayleigh mcenany's personal account in relation to this new york post -- stuart: good. >> -- hunter biden article. jack dorsey was original ally scheduled to be on the hill to testify along with the other social media giants like facebook and mark zuckerberg, google on october 28th. stuart: that's right. facebook, twitter, google, top i guys all there. >> yep. stuart: they're going to be questioned about this because it really looks like censorship of conservative ideas. >> but they want a new subpoena, this is being marked up for jack dorsey today for a hearing next

tuesday according to these headlines. but, you know, the numbers on twitter, you only have 138 daily active users on twitter. compare that no 2.5 billion on facebook -- stuart: 138 million, right? >> correct. stuart: 2.5 billion on facebook. >> right. stuart: look at this market now. we've come back. we were down 250, now we're down 124. i just wonder if the market's taking notice of president trump saying i want more than $1.8 trillion stimulus are, i want to go big, i'm pushing for going big. maybe that's helping the market. i don't know, maybe so. now we've got news, bad news for the nfl. the atlanta falcons are shutting down their facility. tell us why, ashley. >> yes. their practice facilities, stu, all because a new positive virus test coming in. we understand the team says it's not a player, it's a personnel

member of the team. they released a statement saying they will now conduct all operations virtually. espn had claimed a source told a reporter there were actually four positive tests for the virus, but the team is not confirming that report. since the beginning of the season at least two falcons' players have tested positive, and the 0-5 falcons scheduled to take on the vikings in minneapolis on sunday. the status of that game is now, quote-unquote, uncertain. stuart: boy. we've got one more for you, ashley. draftkings has struck up another media partnership. who are they teaming up with? >> yeah. they've been on a tear recently, this time it's with at&t's turner sports. you may remember draftkings has done deals with michael jordan, the chicago cubs, espn. they will be the exclusive sports book for turner sports. but we understand the deal does not include all of the nba content because that has already

been taken in a separate deal with their competitor, fanduel. but, again, draftkings, although down today in a tough market, still up 328% on the year. [laughter] a bit of a gold rush going on when it comes to sports gambling, especially online. stuart: yeah. when you're up 328% this year -- [laughter] and you're down 3% today, it makes today's loss pale in comparison to the rally we've already seen, and that's a fact. all right, ashley, thanks. let's talk amazon. their prime i day is, i think it's plural, they are over. lauren, do you know how they did? >> i don't have the overall number because amazon often does not release that, but they did say, first, best two days ever for the small and medium-sized businesses on their site. sales topping $3.5 billion, which is up 60% from last year. and overall prime members saved $1.4 million. the best sellers categories, the

smart speaker, echo dot of course made by amazon, but the roomba vacuum. [laughter] a lot of people are saying we're stuck at home and home is a mess, so let's get that automatic vacuum. stuart: okay. if it works, it works. by the way, amazon's stock is down 1%. got that. a military veteran calling for stronger leadership in portland. i'll second that. his restaurant was targeted by antifa. we'll talk to him live. he's on the show coming up. and remember when senator dianne feinstein said this to judge amy coney barrett? watch this. >> the dogma lives loudly within you. stuart: well, "wall street journal"'s dan henninger is on the show, and he says democrats are intimidated by the judge's faith and tradition. dan is on after this. ♪ you know, malcolm, audible's got more than audiobooks.

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hillary vaughn is on capitol hill for us. what's going on today with those hearings? >> reporter: stuart, there was actually a last minute effort by democrats to try to get this vote moved until after election day. senator blumenthal raised that motion this morning, but that vote failed, so they are moving on schedule to vote on judge barrett's nomination a week from today. but even though judge barrett has endured really almost 20 hours of crossexamination, democrats -- cross-examination, democrats are still not satisfied they got the answers out of her they were looking for. >> i was afraid to ask her about the presence of gravity on earth. what was the purpose of this hearing if we reached the point now where we really don't know what she thinks about any issues? >> you're trying to make her something she is not. the game has been since she's been nominated to get back at trump, and i understand. that's probably what i would do if i were y'all because there's

not much you can say about her ability to be a judge. >> reporter: and senator cornyn, stuart, made an interesting comment. the democrats are used to using the supreme court as a way to get even if they lose a vote in congress or they lose an election and explaining that the point of the supreme court is not to weigh in on those issues because you aren't supposed to be a partisan justice in the high court. stuart? stuart: precisely, or hillary. preicely. thank you very much, indeed. take a look at this op-ed e from the "wall street journal." here's the headline: amy coney barrett's christian religiousity. who wrote that? dan henninger, of course. it's thursday, and that's his column every thursday. christian reloishesty. not shower what that means, dan. >> well, it's what amy coney barrett practices, stuart. this came up explicitly during her appeals court confirmation,

remember very famously by senator dianne feinstein, who said the dogma lives strongly within you. sounds like a line out of a man for all seasons. and they -- democrats didn't really bring up her catholicism in these hearings. they weren't going to do that this close to an election. even liberal catholics are put off by such crude stereotyping, but it is an implicit subject running in the background. certainly is related to roe v. wade, her views on abortion and whether her religiousity would effect those views -- affect those views. the democrats didn't bring it up, but the media sent team after team out there into the midwest, "the new york times," "the washington post," the times especially doing a piece on the roots of amy coney barrett's religious belief. it was like they were sending cultural anthropologists out to figure out who these christian tribes are in the midwest of the united states. [laughter] and, but i think there's a kind

of serious intent beneath this. as the times put it, she represents a new kind of conservativism, what they called a christian conservativism. and i think the fear is that the dominant secular culture simply cannot come we hend the traditional -- comprehend the traditional values represented by amy barrett and her family, and they see that as a threat to those dominant secular values, that her traditional virtues and so forth, the way she practices her faith, strikes them as a threat not merely to roe v. wade, but the whole broader secular movement. stuart: they're secular humanists. that's been the predominant feature of this culture for a long, long time. >> yeah. stuart: suddenly we've realized not everybody is a secular humanist, there are people of faith maybe under the surface, but they are there. interesting to see the times, you're digging for them. fascinating. i've just got to get this in, i want to talk to you about the

virus. as you know, dan -- >> yeah. stuart: there's a second wave going through europe. several countries starting limited lockdowns. they're on that path locking down and restricting again. last week you called out joe biden. you called him the shutdown candidate. is that what you think would happen here if he wins the election and if we yet a serious second wave -- we get a serious second wave? lockdown city all over again? >> yes, stuart. i'm absolutely afailed that is what would -- afraid that is what would happen. what's going on in europe is very concerning. not merely the rise in infections, which is, indeed, a problem, but the fact that the political class seems to be panicking and defaulting back towards more lockdowns and more quarantines. always, of course, doing it in the name of this is what science wants. i don't think science fully understands what's going on with this virus right now. and if we get a similar surge through the holidays in the united states and if joe biden wins the election, i think he's

going to support the instinct of governors like andrew cuomo in new york to do these discreet re-lockdowns all across their statement. joe biden -- their state. joe biden will not push back against that at all. in other words, the shopkeepers, the small businesses, the people who are really damaged by those kinds of shutdowns will have no one speaking for them at this point. and i think that the damage to the economy or at least the damage to individual lives of people who depend on those incomes for their lively hoods, they really, really could be put at risk by a biden presidency if the virus surges again after he's elected. stuart: yeah. always good on a thursday, dan henninger, "wall street journal" guy. as always, thanks for joining us, dan. always appreciate it. thank you. >> good to be with you, stuart. stuart: markets have come back a bit. we're down 140 on the dow, 117 on the nasdaq what's going on? >> look, let's get back to the stimulus talk because with we started off this morning when we

heard from mnuchin saying there's $300 billion left over from the last $2 trillion -- stuart: 300 billion. >> that's all. we could get some targeted relief maybe for the airlines but, again, this is politics, and you heard that from president trump saying we could sign the check on billions of dollars already in the bank. when it comes to his comments on stimulus, not seeing a lot of pickup on the financial wires, the fact this he wants something higher and we could go higher than $1.8 trillion. remember, the democrats were at 2.2 trillion, and president trump says we could go above $1.8 trillion, and he saw there's a good chance of getting a covid relief package done before the election, and that's pretty much what's driving market isn'tments right now. -- sentiments right now. it's mostly getting a vaccine and how much stimulus can we get in terms of more paychecks to a lot of americans there. also he talked a lot about not locking down. i think that also had a market impact as well. stuart: i'm very pleased to see that the financial press has

picked up on the interview and that it's having some impact on the markets. i'll take it that way, susan. >> yes, you should. stuart: i will. [laughter] twitter confirming, yeah, it locked user accounts for sharing the new post article on hunter biden. susan, you know more about this than i do. am i right in saying -- i asked the president this, he said he'd not hurt it -- the trump campaign has been locked out -- >> that's right. team trump has 2.2 million followers, has been locked down along with kayleigh mcenany, the white house press secretary's personal account along with "the new york post"'s own twitter account. tweet materials or links to materials referenced in that new york post article could actually be required to delete those tweets in the future. ted cruz, lindsay graham looking to subpoena twitter's ceo jack dorsey in another hearing on capitol hill about this locking down of "the new york post" and not distributing widely this article on hunter biden.

now, when it comes to president trump and what he says to you, because you did ask him about this in the interview, he said that he's unaware of it, but it will end up in a big lawsuit which actually, again, made headlines. stuart: okay, all right. fascinating. the point is, it seems to me, i know whose side they're on, and it's not trump's side. it's not the conservative side. it's anybody but. >> well, that's what they're saying, another example, big example of conservative bias. stuart: that's my opinion. i just want to get that in. ah, nothing funny about this, portland businesses and one owner says antifa rioters targeted his café. that attack now solidifying his vote for president trump. that man on the show after this. ♪ ♪

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♪ stuart: well, we've cut the loss in half. during our interview with president trump, we were down 250 on the dow, now we're down 125. we are coming back a bit. maybe some of the things that he said about the stimulus plan, maybe that's what brought us back. now this, an army and marine corps vet says his café was targeted by antifa rioters in portland, oregon. john jackson is the owner of the heros american café, and he joins me now. all right, john, first of all -- >> hey, how's it going? stuart: good to see you. why do you think these protesters came after your restaurant? >> i believe that we were targeted based on a lot of false information. however, we are, we are a business that supports heroes, and we love america. our theme is red, white and blue, and we're all about community. so i'm kind of unclear why they calm after us. i think it was misinformation on their part.

stuart: how do you know it was antifa? >> well, i don't know 100%. however, the chatter on the intere net seems to point to them. and unhike are many terrorist organizations, they haven't made claim to this, per se. so, but the internet chatter indicates and points to them. stuart: the i believe you voted for donald trump, candidate trump back in 2016. i also believe that you are definitely voting for president trump this year, 19 days away. am i right? >> well, the first part of your with question, that's interesting that you'd say that unless you were in the curtain with me. however -- stuart: i heard that you said that. that's -- >> oh, okay. maybe i did say that. yeah, that is, that's true. and ls unless things change, unless something huge drops that

we aren't aware of, that is the direction i'm leaning once again. stuart: now, i think they fired some bullets through your window? i think you were closed for just one day, if i'm not mistaken. now, do you need stimulus money to get and stay in business? >> oh, i think that every business, especially restaurants, we need stimulus money. the first time around that helped us, that helped restaurants stay open. and with all of the constraints by the governors when it's in oregon, new york, wherever it might be, it's been very difficult for the restaurant industry to stay in business and to recover. so, yes. stuart: okay. tell me how business was before this occurred, before the lockdown because i always think of portland as a very liberal city and not inclined towards guys from the military who run cafés named heroes of america. so how was business before all

this happened? >> business was good. we, i believe that people in oregon and in the portland love our country just like the rest of the country, and heros are -- our heros include first responders, educate ors, vets. so i think it touches the lives of everyone no matter where you are. we're not focused on one group, we're just focused on heroes in general, people that support the community and do good things. stuart: o, good, that's excellent. john johnson, thanks for taking time out today, and we wish you the very best in the future. >> thank you. thank you very much. stuart: all right, john. now, this is what i call really a working lunch. smith and who eleven sky's steakhouse, chicago, offering working spases. okay, this is to hold meetings and conference calls. and look who's with us, jeff

flock, of course. are you chowing down into a giant porterhouse there? >> reporter: it might be a little early for that for me. we're in the central time zone. you couldn't get a table here, stuart, before the pandemic. look at this view. this is right along the river, and now there's space. this is a huge restaurant, and so as you point out, they are offering this space to co-work, you know? they've got all these rooms. regina allen is the general manager. can we poke to our head in this room? you've got all kinds of places that you can, you know, have people come in and do their work, and you're encouraging people to do that. you didn't do that before because you were full. >> exactly. exactly. we're making space available for companies and businesses that maybe don't have their offices open yet to meet with their coworkers and possibly, you know, do some work, have lunch, have dinner and enjoy it in a safe space. >> reporter: it's a ghost town. walk with me, because you've got all these rooms, i'd like to

give stuart a look at them. it's a ghost town in downtown chicago as it is in new york. and, you know, you've got big restaurants all around the country. >> we do. all of our locations have a lot of private dining space which, you know, up until march were full automatic time. and now -- all the time. and now we've kind of just changed up our thinking a bit. >> reporter: can you survive through this? i mean, how do you survive through this? you're at 40% capacity, right? in that's chicago mandate. >> that's correct. that's correct. really thinking outside the box is key to surviving this. we've changed up our model quite a bit, went to carryout, and we've done a lot of packaged meals to go, and then this is our next invention for private dining, is to have businesses come in and work and eat and be able to do it socially distanced. stuart: like starbucks, you know -- >> exactly. [laughter] exactly. we do have the wi-fi as well, is so it works for

everyone. >> reporter: which is amazing, stuart, because as i said. look at this view. you couldn't get a table here. you know, i couldn't get a table. stuart could probably get a table here, but, you know, you've got to know somebody to be able to get in there. now you don't have to know nobody. stuart: that's something. that really is tough. i've got to i say, jeff, i mean, that really is tough. a restaurant that size -- i know it's early in the morning -- >> reporter: it's huge. stuart: -- late morning, that's a tough row to hoe. our thanks to the lady there. >> reporter: they're fighting. stuart: great story. jeff flock, thank you, sir. the next case, twitter censoring conservatives again. this time for sharing "the new york post" bombshell about hunter biden. harmeet dhillon here on that subject. ♪ ♪ before nexium 24hr,

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>> it's out of control, and it's la third arm, maybe a first arm, of the dnc. twitter and facebook, they're all -- they're like, they're like, really it's a massive campaign contribution.

this is a third arm of the dnc, the radical left movement. stuart: president trump earlier on the program on social media censoring a new york post article on hunter biden. march meetharmeet dhillon is us, california's republican national committee representative. i call that flat out censorship, and i don't think it's right. do you think they're going to do anything about it when these top social media people get before congress on october the 28th? >> well, calling people before congress is just pomp and circumstance, stuart. i don't think that that is going to solve this problem, and i would add to what the president said, also youtube is engaging in the same. so that's google. that's three corporations that control the vast majority of information flow in this country are not just censoring information, but they are providing campaign assistance and ill call election interference very close to an election. so these are some of the problems. but our course when people go in

and sue them for breaching contracts with users or slandering or defaming people with labels about how speech is false, the courts refuse to do anything about it as well. so what we really need is these members of congress to present legislation that the president can sign. unfortunately, over the last four years they haven't been willing to do that. stuart: should we impose liability on social networks for what they put out there, make them publishers and liable for what they put out there? should we do that? >> well, of course. they've made themselves publishers. look, you will see a lot of conservative think tank people who engage in debates with me over this and mock me for taking this position, but they take cash from these companies. let's be honest, their lobbying efforts on capitol hill have been very effective, and they are publishers. when they are deciding what is dangerous and what is not dangerous -- and this is the new york post. alexander hamilton founded this newspaper. it's an ancient newspaper, and for them to censor it is totally outrageous, and they're doing it

strategically, close to the election so that we don't see damaging information about one party using these fake made-up rules that aren't part of their terms of service. in any other contract service with any other corporation that breached its contract with its users, you could take them to court and see them. you can't do that here because of the communications decency act. stuart: i think you made your point, and we always appreciate that. come and see us again, please, and soon. >> thank you. stuart: yes, ma'am, thank you. check that market because we really have come back. now we're down 77 points. when we were talking to president trump, we were down 250. now we're down just a quarter prosecutor, and we'll be back with more -- a quarter percent, and we'll be back with more "varney" after this. muck. ♪ ♪

>> well let me remind you about friday feedback you can e-mail us go on twitter, facebook page, we want your questions we want your comments we want videos please. sengdz them in and you might be featured on friday feedback which we run tomorrow at this time. the markets come back a bit. we're down 131, we have been down 250 and we conclude with an intuf with the president he's a main points. he's prepared to go up in term of surplus above 1.8 trillion o national mandate for a vaccine and in other words you don't have to take it the government won't make you. no new lockdowns in the event of a second wave of the virus coming here.

no new lockdowns and he will not concede the election until he considers it a fair election. all of that in our interview with the president and now unfortunately our time is pup but -- i'm done. here is neil cavuto. neil it's yours. neil: thank you very much a revealing interview i thought thing standing by a colleague chris wallace reminding president you did interrupt sir you don't hear that touché to you. we are following a lot of developments from stuart newsworthy interview here what the president had to say about going bigger on stimulus that did enthusiastically get a nod from investors hoping that something can be together it is an up hill climb as they get ready for a quick trip to north carolina before his florida town hall event later tonight. but for the