maria: all right, just enough to say happy weekend, everybody. varney & company, stu, take it away. stuart: good morning to you. good morning, everyone. let's get right at it. in my opinion the president won last night's debate. his style was more different than first go around. first of all, the economy, trump wants to return to growth and prosperity, biden wants big tax increases. on the subject of race, trump

puts half billion worth of capital and biden admitted the crime bill was a mistake. energy, trump would maintain america's energy independence, biden would phase out the entire oil and gas industry. the virus, trump opens up, biden talks about dark winter coming and talks lockdowns, worst of all, biden blames mr. trump for america's virus at that times and said because of that, he should not remain as president. wall street journal calls comment not decent. i agree. maybe disa debate reaction. of course, a stimulus deal has not been entirely rolled out. the dow is up about 90. s&p up 11, nasdaq up about, what, 30 points, a modest upside

move. quickly, 2 big movers, intel falling out of bed bed, it's a stock. mattel, big winner, we should have known we would buy more toys when we were locked down with election. now final sprint till november the third. the president keeping with extraordinary pace, big rally in pensacola, 8:00 o'clock at night. joe biden maintaining his rather lethargic schedule, as far as we know that's it. to europe and the second wave, ominous development in france, they are sliding back into recession. why because they started a whole new round of restrictions. it's a new semilockdown. this is a warning for america.

a recession could come here if we too relock town. bullet points, remdesivir gets fda approval. alex azar on the show. what should we do about google in senator ted cruz says they are drunk with power. to football, no real come back until the fans come back. joe on the show. not bad, hey, varney & company is about to begin. ♪ >> 220,000 americans dead. anyone is responsible for that many deaths should not remain as president of the united states of america. >> we can't lock ourselves up in a basement like joe does but he has this thing about living in a basement. >> with regard to ukraine, not one single solitary thing was out of line. >> i don't make money from china, you do. i don't make money from ukraine,

you do. your son says we have to give 10% to the big man, joe, that's that all about. >> abraham lincoln is one to have most racist presidents to modern history. he says about the poor boys, he said i told them to stand down and stand ready. >> it was a picture of the horrible cages and then it was determined they were built in 2014, who built the cages, joe. >> let's talk about -- i never said i opposed fracking. >> you said it on tape. >> show the tape. put it on your website. >> u i will put it on. ♪ ♪ >> stuart: enough of that music. i really like the highlights of the debate, not so much the music. those were some of the highlights to have debate. you will see a lot more later in the show. look who is here pete hegseth in

a diner in nashville. [laughter] stuart: i've got to believe that you are surrounded by trump supporters, am i right? pete: yes, very much so. stuart: what do they think? pete: we know this is a based election, this is about enthusiasm. there aren't that many undecided voters at this point. trump supporters are enthusiastic about the performance. the mute button was great because it made joe biden talk and when he talks he exposes for who he is and goes on an on and stumbles into a territory that gets him in trouble. they also -- we also talked a lot about the moderator while the marks had been decent clearly cutting a lot the president a lot more frequently than joe biden who she rarely cut off throughout the night. stepping back from that, the

word i heard optimism, optimism about opening, optimism of believing in businesses and respecting individuals as opposed to the dark winter and wear a mask all of the time and the president is responsible for all the deaths. in a town like nashville here, it's a big tourism town. it's been hit hard by the fact that people aren't traveling. they want to be open. the mayor, local federal government pushing down restrictions on what can and cannot happen and the president talked about that last night too. governors if blue states keeping their states locked down which is preventing the type of responsible reopening that he and so many other people want to see and then, of course, last note, a lot of talk here about the oil and gas industry. you know, where has joe biden been on fracking? he's been all over the map as you've talked about on your program for months. he said he was against it, then he said he was okay with it and last night he was going to phase it out and what does that say to the bernie bros, where do they

go today? the base reacting to this will react differently. i think you will only see more enthusiasm from the trump folks, that's certainly what we saw this morning here at john rich's bar, red neck riviera. stuart: i love the name. pete hegseth, thanks for being on the show. all good stuff. straight to your money because that's what we do on this program. i want to -- susan, would you look, please, into the future -- look down the road and how does the market usually react after the election? susan: stock markets usually go up no matter who wins, republicans or democrats. historically from 1929 -- in 45

of the years dow has risen. in other 46 years when there was a split federal government the index also gaining up 7 and a quarter percent, rising 29 times, falling 16 times. how will the stock market we are form for the rest of this year heading into the new inauguration, well, from election night to inauguration usually uneventful. the past two presidencies defy the rules. president trump surprised victory in 2016 saw the s&p 500 jump over 6% for election night to inauguration. in 2008, obama's victory to inauguration saw a drop of 20%, however, that was outlier because it was during the financial crisis and the clash of lehman brothers. exception gore versus bush.

as a result we saw the s&p fall 6%. stuart: i know that you're die to go hear it, if we get a clean sweep the democrats run the house, white house and the senate, if happens i think the market goes down? susan: i disagree. people will factor in spending and no matter who wins right now i think the stock market is expecting some sort of stimulus regardless. stuart: okay, i hear you and you're wrong. [laughter] susan: i'm right, happy friday. stuart: happy friday to you. jonathan, i'm saying trump won, what do you say? >> the market seem to indicate it, stuart, it's ticking up a little bit. we didn't see any changes in the betting markets last night. they were basically unchanged which i enjoyed by in large more than previous debate. it was more substantial, but as susan mentioned, i think what wall street is looking at stocks

but also looking at the spending. stuart, both candidates are talking about multitrillion dollar spending bills and under the radar screen markets moves we are seeing is interest rates, they are 4-month plus high. 1.7% today. look, i don't want to be october's spooky, if you will, but we are celebrating the 33rd anniversary of the 87th stock market crash and, stuart, that occurred under an environment of rising interest rates, falling dollar, trade deficits and overvalued stocks all of which we have today. so it's going to be a rocky 11 days no matter who wins the election. stuart: hold on a second, i know that you're a chicago kind of guy and i will break away to get a report from chicago and i will come back to you about chicago in a moment. come on in, lauren, please, because i hear the mayor of chicago lori lightfoot is thinking about a new round of shut down, is that accurate?

lauren: thinking about it? she's already doing it. she's imposing, start today, 10:00 p.m. curfew for all nonessential businesses in the city. it's effective tonight and goes on for 2 weeks, if you're a food store or restaurant that delivers food, this does not apply to you, but most other businesses, yes. why, they are trying to stop the spread of the virus. if it lets 8% the additional restrictions kick in and this reminds me so much of what we heard last night, the dark winter from joe biden closed down because people are dying and the more optimistic trump, we have to live with this. it's draconian measures versus safety measures. in chicago they are headed towards draconian. stuart: i hear you, i will bring back jonathan. you get another round of restrictions and i don't think

chicago is in very good shape. let's put it like that. >> stuart, look, the unemployment rate in the city is already 15%, double the national average and the lockdowns, what do they do, they destroy businesses big and small. i live and work downtown. it's a ghosttown, supposedly metropolis, on top of it lightfoot proposing tax increase. they are prohibiting businesses from trying to make it work. stuart: thank you. check those futures why don't you because we've got green. not much but we are pretty much up the board. the media staying quiet when it comes to joe biden's alleged overseas dealings so president trump took matters into his own hands. watch this. >> i've not taken a single penny from any country whatsoever.

>> i don't make money from china, you do. i don't make money from ukraine, you do. >> he's been fed information that is russian -- that is not true. >> joe got 3 and a half million dollars from russia. stuart: oh, okay, front and center also was the virus. some in the media didn't like the fact that president trump wants to reopen the economy and just wait till you hear what they are saying because we are going to tell you next. ♪ ♪

stuart: more big names. they're already reporting this morning. american express, blooming

brands. >> town in premarket as you see, not much as wall street had hoped from the july to september period and covid sawless people using their amex credit card, the credit card issuer setting aside more money, anticipating more bankruptcy and defaults as we have a struggling recovery. ongoing recovery in the u.s. economy. stuart: i understand that has a big loss, 4%. steakhouse. susan: outback steakhouse. still, though, underperformer this year despite the small gains that were seen in premarket. it's down along with other restaurant brands because of limited capacity and closures during the height of covid. >> show me mattel as in barbie, we bought a lot of toys. susan: yes, we did. participants are buying barbies,

hot wheels to keep kids entertained and it's been a stiller quarter earnings so far. only 25% of companies have reported but 84% of them have made more money than anticipated and this is already on pretty high expectations, first increase in earnings estimates in a decade but, look, you get punished if you don't match the expectations, if you disappoint and where is the australian accent, come on. stuart: not right now. i can't introduce an american doctor with australian accent from british. dr. siegel, who can now get the treatment? doctor: you will not be taking it in your home at least initially. it's targeted to all. and gilead has said they will

get 2 million doses -- 2 million dose course, it's a 5-they -- 5 day course and it's over $2,000 and here is the bottom line, getting fda approval should not be a problem. the only drug on the market currently approved for use of covid-19. >> to be clear, it is a treatment, you take it after you have been confirmed you've got it, correct? doctor: yeah, i call it like a blank in the viral gun. in other words, your virus is shooting bullets. this is a blank that you stick into the gun and stops it from entering your cell. it looks like something the virus turns -- churn for nutrient. it's a fake. if you're sick according to nih study, you're sick 14 days

without remdesivir, 11 days with remdesivir, that's a big dramatic improvement. i think the drug has a value. stuart: got it. we talked about a second wave. i want you to listen to rachel maddow, msnbc, she's predicting a third wave. watch this doctor. >> the president also said as brian noted that we are rounding the corner. it's going away, we are rounding the bend, there's no sign of that whatsoever. in fact, the country is heading to a third peak that looks like it's higher than any other peak thus far. more people sick, more people infected and more people spreading it and more people in the hospital and ultimately more of us dead. stuart: okay, dr. siegel, what do you say to dr. maddow right through? dock to be there's a lot of fear-mongering. there's one predominant mutation

that is making it more transmissible. that tends to be what happens during pandemic, so, yes, it's spreading but we are seeing less severe cases and less deaths. if we can manage to control the spread and get the vaccine out there, i think we can really stamp it down. all those fear-mongering terms that are borrowed from 1918 flu which did mutate and aggressive mutation that does not have. i don't think fear-mongering help anything, it doesn't help the stock market and doesn't help society. stuart: i agree. see you again soon. next case, deal with france because they are experiencing a new wave of cases, ash, they've extended their restrictions, i think. ashley: yes, they have, good morning, stu, about 70% of the french population, 46 million are confined to their homes from 9:00 p.m. to 6:00 a.m. the french prime minister saying a second wave to have virus is

fully under way and the situation is becoming very serious. france reported 641,000 cases and germany who did better than most, germany reporting 10,000 daily cases for the first time. the country's health minister also tested positive for coronavirus. spain he's health minister said the epidemic is out of control, quote, in many areas. they should be noted hospitalizations an deaths have not so far overwhelmed the european health systems as they did earlier this year and eu governments are desperate to avoid blanket lockdowns that have devastated the economy. for now the restrictions are aimed at refusing public gatherings but with winter coming, there is a growing concern that a wave of covid patients will coincide with flu cases and will, indeed, put a major strain on medical services, but they do not want

at all costs that they can another lockdown like we saw in march and april, stu. stuart: thanks, ash. the next hour i will be joined by health and human services secretary alex azar, you bet i will be picking his case about all of the virus cases an remdesivir. all right, look at the market, please. we are now premarket, we are about 5 minutes away. we are up 77 points on the dow and by the way, intel is down. american express is down, the two dow stocks, they account for 70 points off the dow. so without those two, we would be much higher for the dow. we will be back.

stuart: how about this in the iphone 12 is actually on sale as of today and susan has already got one. susan: yes, i've been playing with this all week long and a lot of jealous looks here in the office. i might even entice you to buy one with the iphone 12pro. look at that. retina display. stuart: i like

the design. beautiful equipment. susan: it's beautiful, but you can get yours too today, that's right, but you have to make an appointment to show up at the store. you can't just like in years past, you know, snaking lines around the block and crowds screaming for their new iphones. things have changed in 2020. you can get contactless, same-they delivery of you new iphone 12 and pro. the mini and pro max, those are only available for sale in store online on november 13th a little bit backed up. it's important for apple because they really have to prove they are worth the most -- the most valuable company on the planet. stuart: fair enough. susan: we are expecting record shipment of the iphone 12. stuart: before the market opens i want to deal with intel, chip maker down big, lauren. why are they down so big? lauren: yeah, they have business

federal government and enterprise customers that use their data centers. they are pulling back on revenue spending there with down 47% in the quarter, also you have a lot of students who are buying cheaper pc's, gravitation towards cheaper chips. stuart: stock is down 10%. i he remind everyone it's a dow stock so that's taking 30, 40 points of dow industrials and the market has now opened friday morning. it's up 70 points now on the dow industrials. most of the dow 30, 27 of them are in the green, they are up, so it's a pretty broad slight advance for most stocks this morning. the s&p 500, where is that opening up? better than the dow. it's up one-third of 1%. as for the nasdaq, where is that? that i'm sure is up about a gain of 1 quarter percent. up across the board. show me big tech. i think they're all high or most of them high, yes, they are, facebook is down a little bit. ted cruz coming up on the show

shortly. he has a lot to say about google. they are drunk with power. the vaccine makers showing to you now because we do have health and human service's secretary alex azar coming up on the show today. there you have it. 60 points higher and now i believe we are joining fox news, is that right? sandra: joining us. not big reaction on friday morning but the markets, the economists, market analysts have been watching this very closely, 11 days out from election, what did you think of last night, stu? stuart: i thought trump won and that might give modest boost but apparently it's not that much. i thought president trump won by changing his tone and his style, big difference from the first go-around, i think he also won because there was more debate, i think he won on the issues specifically on the economy. that's most important for wall

street, i think, the president won. joe biden outlined what i think is a rather dark future for the economy. he's talking huge tax increases, he's talking getting away completely from oil and gas. i can't imagine that's good for growth and prosperity whereas president trump, he's talking about prosperity and growth in the form of more tax cuts and more deregulation. that i think is the formula which confers prosperity as opposed to what joe biden has been saying. i don't think there's been much impact on the market this morning from the debate? sandra: because there's been speculation on who might win the election whether it's joe biden or donald trump. interesting piece from the washington journal, i want to put the headlines, stu, stocks typically climb regardless who is in the white house and analysts are drawing comparisons in 2000 when a contested election led to selloff. interesting article that looks back at history. i believe back to early

1920's, stuart, basically said, the stock market always goes up. so why so much speculation about who the next president is and what happens in the stock market? stuart: fair point and our own susan li went through the history of the stock market after elections and you're quite right. up about 7% regardless of who wins. this may be a very different and special election because you might have a delay in getting the result. i think you probably will have a they. last time that happened in 2000 the stock market went town. people don't like a they. they don't like the uncertainty, so if we get uncertainty this time i think the market would go town right after the election. second point, there is the possibility this time around that the clean sweep. it's a possibility, distant in my opinion but a possibility. a clean sweep would be the democrats take the white house, they take the senate and they hold the house. in other words, all power rests with the democrats. the difference this time around

is this is a very extreme democrat party. it's a neo socialist party which doesn't really care for the stock market, therefore, if you get a complete sweep by the democrats, i think the market goes town confounding the market. sandra: by the way, wall street journal explaining that point. investors worrying about how the stock market would fair, history offers an important lesson. stocks tend to go up regardless of which party controls washington. i want to finish up with this, stuart, fox news polling on who is better equipped to handle the economy, we put up some of the key states we are watching, michigan a tie, ohio the president is pulling way above joe biden there. 11-point advantage. in pennsylvania, little bit more narrow margin there but

president trump still polling ahead of biden in pennsylvania and wisconsin. what are you seeing and hearing on that front? this means -- maintains, the president maintains a lead over joe biden when it comes to the economy. seems all the way up to election day, that's the case. stuart: well, is the key issue on which the election will be decided or is it the president's persona or the virus. i'm going with tradition which is the economy is front and center in any presidential election. i mean, that's our bread and butter, isn't it? that's your job, that's your house, that's the interest you pay, that's the stock market, you're saving, et cetera, et cetera. i think the economy is still the main issue and i think that's a very big winning issue for the president and it's very interesting to see him pulling ahead in key states. that's interesting. that's a late trend and if it goes on for the next 10 days, i think the president is in very good position here. sandra: that was pulling ahead

on the economy, all of the data points will come into play. stuart, great to see you. stuart: quick good-bye from my friends. we are up 50,000 on the dow industrials. .20%. good indicate e, 10-year treasury, .86%. susan commenting yesterday, is that rate -- is that interest rate a yield -- susan: it is rate. stuart: tends on the positive news for the stock market. is money coming out of safe bonds and going into risky stocks? susan: 5 times bigger than the stock market. a lot of money that could come out. stuart: 5 times bigger. how about gold on this day after the debate? where is that this morning? i believe it's still shy -- yes,

it is, 1907, shy of $2,000. as for oil, $40 a barrel, have been there for a long time. next here is what is coming up, joe biden shouldn't have asked for fact-checking on fracking, why not? >> let me allow vice president biden to respond. >> you said it on tape. >> i did -- show the tape. >> would there be any place for fossil fuels including coal and fracking in a biden administration? >> no. stuart: okay, that's not the only flashback exposing a flip-flop, we have a whole lot more and we will show them to you. hunter biden's business partner made stunning claim, watch. >> i've heard joe biden say he's never discontinued business with hunter, that is false.

i have firsthand knowledge about this because i directly dealt with the biden family including joe biden. stuart: dynamite stuff and texas senator ted cruz has something to say about it. he's on the show next. ♪ ♪ (calm inspirational music)

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stuart: check the markets, up on the dow, up on the s&p, down on the nasdaq, mixed picture, no clear tend. take a look at big tech while we are at it. i want you to look at them because senator ted cruz is with us and senator cruz says companies like google are drunk on power. mr. senator, welcome to the program, great to see you again. senator: great to be with you, thanks for having me.

stuart: what would you do with them? senator: i'm glad the department of justice is pursuing antitrust suit against them. they are extracting monopoly revenues and not only that they are abusing their power to censor political speech and silence the american people online and manipulate elections all which is abuse of monopoly power. stuart: are your views matched on the other side of the aisle? senator: you know, it's interesting, they're not -- a joint hearing, commerce committee and almost every senator was critical of facebook and zuckerberg which was an interesting -- should have been an interesting wake-up call for silicon valley, but the reasons we were critical were actually

quite different. many of the democrats were saying the social media in effect, how could you have let donald trump win, how could you have let people speak, can't you do a better job shutting them up? that's a very different -- we have a week ago twitter and facebook both censored the new york post. the first time they've gone from censoring individual american citizens to blocking a major media publication that broke the stories of evidence alleging corruption by vice president joe biden and twitter and facebook did not allow anyone to post it and shut down the new york post own feed so they can't put it out there. and that -- that degree of -- of attempted censorship, all to have media ought to be outraged that a couple of silicon valley

oligarchs distorting power on what stories the american people can read or listen to. stuart: that's outrageous. that's intrusive censorship. you break them up. let me turn to last night's debate. brief sound bite of president trump, he called out joe biden on hunter biden's business deal, watch this, mr. senator, roll it. >> russia, ukraine, other countries, iraq. if this is true, he's a corrupt politician. so don't give me the stuff about how you're this innocent baby. >> i have not taken a penny from any foreign source ever in any life. >> but you're the big man, i think. we have to give 10% to the big man. >> the only guy made money from china is this guy. stuart: i don't think that joe biden has answered those questions, what say you? senator: well, he hasn't and the allegations are in particular

that the new york post broke and the subsequently been reported on, it is that communist china offered him 10% of a multimillion dollar deal that would be held by son hunter for him. the way he answered the question, the allegation is that his son was holding it for his dad but that it was going to be his dad's and, listen, i don't know if these allegations are true or not, i think most of the media is refusing to do their job and even inquire, and the real question -- the question is not hunter biden, by all appearances hunter biden has led a troubled life and that's one thing. the question is the vice president of the united states and was he personally corrupt, was he profiting and making millions and those questions -- last night at the debate is the first time they started to be answered but because the media is not asking joe biden and he's not -- not getting into substance. stuart: yeah. and what does china have on a

possible future american president? i mean, that hangs over everything, i think. senator: we know joe's public policy when he was vice president. he was the most china-friendly politicians in all of washington. he went on repeatedly about come on man as he said 12 times last night, come on, man, these aren't bad guys talking about the chinese dictators. you know, these are our friends. that -- that is not recognizing the magnitude of the geopolitical threat that communist china poses. stuart: last one, mr. senator, let's talk about judge amy coney barrett set to be nomination in full senate on monday, however, as i understand it, you've got to be there to actually cast your vote in a vote and if the democrats boycott as they threatened to boycott, you need 51 republicans to be there to vote for the judge. can you do it? senator: we can do it, we will

do it, yesterday we voted in judiciary committee unanimously. the reason it was unanimous is because the democrats boycotted. they took their marbles and went home. they refused to show up. we are staying through the weekend and likely voting all day today and all day tomorrow and all day sunday and then monday we will be there, we are going to produce -- produce the bodies, we've got the votes, monday night judge barrett will become justice barrett. the one topic i wish they had gotten into last night is the supreme court because so many rights oh from free speech, second amendment are hanging by a rope. it's called one vote away, how a single supreme court seat can change history and it lays out

precisely how the rights we value so much. we were talking about free speech in twitter, it talks about assault on free speech and fundamental rights and the reason this book has been 3 weeks in a row as best-seller list, the reason people are buying the book, it explains the story of what's going on in the supreme court and what happened in the landmark cases and why it matters for me, for my family, for my future and freedom. i think it's the important issue in this november third election. stuart: vital. hope to see you again really soon. thank you. senator: thank you, stuart. stuart: i promise you more varney after this.

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stock, it won't love you back. you're apply to go big tech. you think we have fallen in love with big tech, right? >> that's exactly right, stuart. there's a couple of things that my grandfather and great grandfather used to say, stocks are seldom cheap and popular at the same time and when you go back to different periods, look at the period in the late 60's, only to have very, very high pe multiple stocks crash in '74 and '74, the coca-colas and things like that, you go to 1989, tech stocks got overpriced , and here we are today in a very similar environment in my opinion, you've got companies like tesla that literally their market cap is worth more than every other car maker yet they only sold $365,000 last year versus every other one that was at

44 million. yeah, we believe in avoiding the herds and trying to stay out of what's popular and that's where we are. stuart: okay, so what -- give me a couple of stocks that you're big on right now? >> yeah, so we like pharmaceuticals. you've seen recently gilead get approval for remdesivir treatment for coronavirus. they are helping the companies get through phase 1, phase 2, phase 3 clinical trials. they sell drug delivery technology to gilead and so when you look at what they've done with their numbers, they are going to go from 90 million in revenue just up to 200 million. that drops $3 to the bottom line for ligang, a company trading at 11 times earnings and pretty much unknown and small-cap stock. one of our favorites here. stuart: all right, i have to wrap it up but, sandy, the only

reason i would sell my microsoft is if we get a clean sweep by the democrats and they will put up my capital gains tax rate. that's what i'm going the sell. that's the reason why i would sell. >> i like it. stuart: you like it. >> thank you, stuart. stuart: come back on again. fourth generation money manager. big stuff. joe concha, tom lowery, name only a few. we will be right back. ♪ ♪ ♪

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you have and, if you're eligible, help you enroll over the phone. call today and we'll also send this free guide. humana, a more human way to healthcare. ♪ ♪. stuart: i have heard the song but once they start singing all recognize that, there we go, working to the beat. let's go straight to your money, the markets, i will call it mixed slightly flat, no big movement, really down 29 on the nasdaq, up 29 on the dow, not much movement but intel and american express are moving, intel demand for laptops help

boost pc sales but their data center, intel data center took it on the chin and look at the stock go down, 10 - 11% down, american express down 4% earlier now it's down 1%, spending volume down on your amex card over the lockdown. , gilead on your screen, up board half percent, the fda has approved remdesivir for widespread use as a virus treatment, the stock is up 4.4%, we will tell you again, alex azar coming up on the show as well as joe concha and joe namath. all of them on the show very shortly. now this. here is my call, last night's debate, mr. trump won, he won by changing his demeanor and tone and he won on the issues, the more open the debate, the fewer the interruptions, the more the president came out on top, he must be wishing that he would be more restrained in the first

debate, let's get to the issues, the debate showed the kind of society that two candidates have in mind and there is a stark difference, i find trump's vision far more appealing than joe biden's, that is on the economy, he's opening it up he wants progress and prosperity, on the virus trump wants to open up the economy, society, biden is talking lockdowns, perhaps you should look at france which is moving to harsh new restrictions and sliding into recession again, i don't find that attractive for america, on the economy, trump is for tax cuts, less red tape in growth, the exact opposite of biden, he wants a huge tax increase just as we try to emerge from the covid virus and he said last night he would help small business with a $15 an hour minimum wage, how one earth does a struggling restaurant owner say cope with another lockdown

and a big increase in labor cost, on race a homerun for the president, not only did he engineer the lowest black unemployment rate in history he plans to inject a half trillion dollars of capital into the minority community, biden was left to explain away his 1994 crime bill which put so many black men in prison. under pressure from the president he eventually admitted the crime bill was a mistake. on energy, biden played the green card, he would transition america away from the oil industry, he waffled on fracking, to put it bluntly that would destroy america's energy independence which is a triumph for mr. trump, biden is clearly taking his marching orders from alexandria ocasio-cortez, let's not forget the developing hunter biden, joe biden money laundering scandal, their strong direct evidence that the biden family was in line for payoffs, influence peddling at the highest level and joe knew about it, all he had to say was he

never took money from foreign actors, he did not deny the evidence, 47 million people have already voted, they cannot pass judgment on what we saw last night, what a shame, trump's nguyen may have changed minds. the second hour of "varney & company" just getting started. ♪ >> i want to open the schools, we have to open our country. >> i'm not shutting down neighborhoods, we need standards, you put tens of thousands of mostly black young men in prison, now you say you will undo that, why didn't you get it done yet eight years. >> a republican congress. >> i rule out fracking. >> he was against fracking and he said it until he got the nomination went to pennsylvania and said pennsylvania, he'll be against it very soon.

stuart: that was just some of the highlights from the debate last night, tammy bruce is with us is friday morning, what was your big take on last night? >> clearly the president approached this debate a bit differently than the first debate, let me suggest it was not necessarily a change in tone, donald trump is the same man in both debates, yet in view of donald trump who is frustrated and aggressive in the first one and then you got donald trump who is also all seen regularly through the last four years and i think that's important, there is a part of the reason why we love this guy how, he is like us, he is not a program robot, he knows what he's doing, he clearly was in charge of the facts in his demeanor was straightforward, there was some clashes but i think that would also help the fact that he's been back to his rallies, he sees those poles tightening and look he continues

to fight to want to get this job again despite what is happening and is a perfect exposition the trump has lost millions of dollars remain under attack for years, the swarm, the democrats, the bidens are in it for themselves, they protect themselves from attacks, the money goes to them not the american people, there is no real commitment to the nature of the future of this country or of our own families, the president trump as an example is the complete opposite of that. when it comes to the 47 million that have voted as you mention, those are people who really did, nothing would change their vote in a lot of ways, they were secure and how they were going to vote, i think for individuals now watching what's unfolding getting very nervous about joe biden, it may make more people come out to vote, it may move independence to vote a certain way but i remain as i've said on your show foremost a year this

president will be reelected but he needs to bring people in the senate along with him. stuart: let's talk about the conduct, we had 111 interruptions from mr. trump at 32 from joe biden. real fast, the conduct of the debate, what do you make of it? >> she has been getting good reviews for her handling, i think she was more subtle and her biased, she would interrupt the president right as he was moving into a very good point trying to move him away from certain dynamics, i think the focus on whether or not she would be fair is key but this has to be the last debate run by the commission for presidential debate, they took over from the league of women voters and i think we need to see that change for the next round. stuart: well said, tammy i think you're exactly right, we'll see you again soon.

i'm going to return to the subject which susan and i were arguing and discussing, that would be paypal pushing further into crypto business, more than just bitcoin. susan: more than bitcoin, paypal is buying another bitcoin company called big company which helps investors store the bitcoin securely, they said the deal could reached within the next few weeks and we know it was valued around $180 million, there was a big game changer paypal acceptance of bitcoin, this is all the rage right now in the discussion on wall street, paypal hit a record, bitcoin crossed through 13000 highest since 2018 and that's because when bitcoin goes mainstream and that the case when paypal allows 300 million accounts to buy, sell and transfer bitcoin, that's a game change for crypto currency, we do have very famous, very choice he general mainstream investors

like paul jones and headphones and also nova graph, seeing that bitcoin is only in the early innings, there is so much more to go, great hedge against inflation and goes against what warren buffett has called it rat poison. stuart: we should have pete hegseth back on the show, he likes bitcoin. i admit, i got it wrong, i did not understand it, that's a game changer, paypal goes with bitcoin, you got a game changer. got that. i want to get back to the housing market, it is very, very strong, danielle is with us, the housing market is really strong, i have a feeling that real estate, housing is becoming an alternative investment to stocks. stocks, way up there, i think a lot of people are reallocating the stock market assets and putting them into real estate, what do you think. >> good morning stuart, i do think there is more money

shifting into residential real estate, it's also a very positive note as sign of dynamism in the u.s. labor market and the data shows that the number of people who have relocated for a job has doubled in the last year, these are numbers that we want to see because mobility has hampered the economy in recent years and it's part of this because last year at this time home prices were rising by 6% year-over-year and today the rising of 15% year-over-year, from a seller's perspective, you are in very good shape because of the expert is from the major city centers and as well people relocating to find work, these are hopefully millennial's who are starting to get their bearings as they move into their high income years, my sole concern, you just heard me, up 6% lashed, a plaster 50%, homebuyers are really starting to pay up to get these homes,

but homes have more utilities, here in my home office, there is more we can do from her house today including being more productive in our own careers. stuart: fair enough but i like to get into an eight appreciating asset. i like that, thank you for joining us this morning, good stuff indeed we will see you again soon. on the housing market, luxury home sales have doubled compared to 2019. what is driving this. susan.lauren: homes that are seg over $1 million, up over 106% from last year, you have low rates, low inventory and there has never ever been fewer homes on the market if you have the money you are pouncing and paying a pretty penny, this is great for the industry, no doubt but it could eventually choke the first-time homebuyer and arguably it already is, builders are adding to supply but a lot

of people are being priced outcome if you look at the median selling price is up $40000 last year from $312,000 but if you look at homes between 750,001,000,000, nearly doubling when you go to the mansions over a million, they have more than doubled. stuart: those are so astonishing figures, of 40000 bucks for the median price for home and one year, $40000 higher, that is a big jump, thank you very much indeed, that is an appreciating asset. rent in manhattan, a ten year low, what do i have to shell out now to live in the big apple. [laughter] ashley: less than 3000 a month, winston manhattan has fallen from outrageous to ridiculous, they could shockingly get excessive massive discount have pushed the average rate of new york city as you can see on the screen $2999 for the first time average rent below 3009 years,

according to street easy in the third quarter rental listings with discounts rose to a record high of nearly 45%, that is with the discount, landlords trying to attract tenants in the market business frankly being decimated by the pandemic rental availability has increased by nearly 70000, more than 72000 available listings that's 30000 more than 2019, renters no longer have to pay the premium of living in manhattan if they're not commuting and work from home they don't have to pay the steep manhattan prices, the question is how long is this going to go on, you could our argue they're getting what they deserve. stuart: greedy landlords, my goodness, greedy, just asking for fair rent. thank you very much.

, big names on your screen, senator ten crews on the show, companies like google are drunk on power, he was on the show last hour and he made his point, steve hilton was the big tech companies specifically google and facebook, they want them broken up, steve hilton is on the show shortly. fox nation host tomi lahren, speaking of that i think trump came out on top, however, 47 million people have already cast their vote, it might not matter to them, forget about those who are left, maybe they're undecided or decided after last night, i will put that on the trump campaign, they are on next. ♪

stuart: i say president trump won, that is my opinion, 47.1 million have already voted, which means they did not hear last night's debate, they could not be swayed by last night's debate, aaron perino is with us following the trump campaign and they always vote has already been cast, i don't think trump's when matters that much, what do you say. >> thank you for having me, there is a large portion of the american people who have not voted, we anticipate a lot of our voters are going to come out on election day but for those who saw the debate last night,

maybe they were considering whether or not they were going to vote, they saw president trump dismantle, systematically dismantle joe biden's 47 years of failure, every time joe biden tried to push president trump with his incredible policies and records to push back on joe biden, it was a great exchange, the president won handily last night and for the american people who might be on the fence, they saw what real leadership looks like with president trump. stuart: of people watched last night i think they would agree with you and i that the president won very, very well but people who looked at the conventional media for the highlights or some analysis, they did not see the president winning, not at all, they saw the exact opposite. all they saw, i don't know what they saw, what they heard from the media but it was not mr. trump won. >> that's not anything new, th e know the mainstream media is against the president and the presidential debate commission

and big tech as well, through all of that, although that is diversity in all of those knives that trump is under president trump pushback, it's why he's outdoing rallies and crisscrossing the country, joe biden might be in the basement in delaware but president trump is out speaking about his success directly to the american people, that is what won it for him in 2016 is the end enthusiasm and was going to get us there again, he talks directly to the people about things that matter, you saw last night let's talk about the kitchen table issues in the paychecks that have gone up and you want to raise taxes on the american people and get rid of their jobs, let's talk about that, that's what he does when he talks to the american people, he does not need the media's help. stuart: i think we agree, trump won, i hope more people see it. let's get to the early voting, we saw in virginia, we saw some pretty long lines, lauren, how long do people have to wait in virginia for the early vote? susan: two hours in fairfax

virginia, that's the most populous county in the state, what gets me the long waits even the early voting has been going on for a month, why are we seeing the long lines, high turnout averaging 9400 people per day and of course social distancing measures, there's also a concern with potential fraud with mail and voting and that prompted 10000 voters who received a mail in ballot, they said they would mail in their vote for president, they showed up at the polls anyway and speaking of mail-in ballots, a few things, the post office says it has handled 100 million cents september 4 either going to voters were completed going back to election officials, the usps is there working to prove to handle the election accurately and timely and maybe they can but we will have parallel presidential election and someone is going to feel robbed because if you show up to vote on election day and let's say it

looks like president trump gets reelected and a few days later the mail-in votes come in joe biden seems to do better, it's going to be a mess and you're going to have that sense that you loved, the country is not going to love it. stuart: there's a sense that there's a mess because a great deal of confusion about when the votes are actually counted, although early voting, i think that really helps because there's already 47 million people, thank you. bernie sanders, bernie sanders, the socialist wants to be secretary if joe biden gets elected, i don't really want to hear anymore about this but you're going to tell me anyway. ashley: yes i am, why not, people familiar with conversation claims sanders has pushed the job at the labor department reaching out to allies on biden's transition team, touting the need for progressive voices and the new administration, right up your

ally, sanders is neither denying or confirming the report but he has thrown his support behind joe biden campaigning for him in michigan and in new hampshire and biden is already being pushed to progressives to senior rolls in his administration, sanders bid could find support from union officials, no big surprise there because he has influence over those unions who have influence over biden's pick for the labor department, sanders has long touted making it easier for workers to organize, he wants to raise the minimum wage, he's a big fan of socialized medicine but others say there is 0 chance of bernie sanders running the labor department with one close ally saying he's a low ranger to a fault. stuart: just as long as you don't tell me that elizabeth warren is in line for the treasury secretary, stay away from that.

ashley: i won't do that. stuart: whatever you say, on the screen throw me lift and uber, they just lost their battle to keep employees as contractors, they lost this in california. susan: it's not over, uber and lyft losing the california appeals court but they have 60 days to go to the california supreme court in 30 days from this ruling before that's enacted, nothing changes right away, in the meantime uber and lifter point a ton of money into next month ballot measure proposition 22 which would exempt companies like uber and lyft and doordash from having to reclassify their workers as employees with benefits and vacation instead, if californians approve this measure it looks like these companies might get an exemption, they spent a record amount into the ballot $180 million, most ever on a state ballot issue but despite the spending, it looks like only

39% of likely voters said they would support uber in lift in a poll last month and this is done by the university of california berkeley, 36 oppose, you need 60% to breathe a sigh of relief. stuart: that is awful, the ruin of the gig economy in californ california. stuartcalifornia. susan: that would be a big headwind. stuart: there is no into the rubbish coming out of california, that is just me, check out this, new op-ed will be on your screen momentarily it claims black support for president trump is a maras, larry eldon disagrees, he says black voters will get the president reelected, he is on the show in the next hour, the mainstream media ignoring the explosive revelation about joe and hunter biden boring dealings, watch this. >> charge is so heinous i'm not even going to say them, nonsense with no evidence, completely made up. >> complete fabrication of falsehood has very little evidence behind it.

stuart: that is extraordinary, joe concho will have something to say about that, he is next. ♪ non-valvular afib can mean a lifetime of blood thinners. and if you're troubled by falls and bleeds, worry follows you everywhere. over 100,000 people have left blood thinners behind with watchman. it's a one-time,

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>> talking about biden's personal corruption, a little bit about hunter biden, most of those unverified. >> charges so heinous i'm not going to say them, nonsense with no evidence, completely made up. >> complete fabrication of falsehood has very little evidence behind it. >> the nastiest ugly smear campaign online in american politics and a desperation move. >> if you did not follow it closely you probably don't understand what the hit is. >> if you're not immersed in right wing media. >> were cable host and we don't know the details. [laughter] , no one knows the details of these conspiracy theories. stuart: i find that really hard to believe, joe concho find it really hard to believe, they cannot get to grips with the

gigantic scandal, come in and tell us about it. >> we heard the word collusion over the last four years, it seems more the real collusion is between one major political party, traditional media and social media enough i'm teaching a class in the stuff, it's at the top of my syllabus, democrats declared there is no story, traditional media ball is in line and does not have the one adjective every journalist should have, curious, these e-mails, can we verify them, is there a story, curiosity is gone and social media, forget about reporting on the story you're not allowed to share the story on twitter or else your account, you can put in a twitter timeo timeout, locked out as kayleigh mcenany in the trump campaign have found out, after three years of reporting on russia collusion which was based on the ultimate unverified document in the steele dossier and reporting

on an hourly basis for the media to lecture anybody about pursuing hunter biden which now has people on the record talking about how those e-mails are real is media malfeasance at its very ugliest. stuart: their flat out wrong, they're saying they're not verify, no evidence, made up, that is not true, that is a lie, that is accurate, that is a lie, if those documents have been verified, people have come forward to state their case and imply that joe biden and his family took money from china, always in line to get money from china, they are lying, i'm astonished of what they've come to. >> have you seen the mpr explanation for not covering this, let me read this, we do not want to waste our time on

stories that are not really stories, we don't want to waste the listeners and readers time that her. distractions and quite frankly that's where we ended up this is a politically driven event and we decided to treated that way, that is mpr, leslie stahl for the president of the united states when he says why are you reporting this you say so unverified, yes it's unverified because if you don't pursue the verification is days unverified. stuart: this is not going to change, it is not going to change and i just want to see their faces if and when president trump wins on november the third, that will be interesting will it not. >> i would pay pay per view, mike tyson $30 and william patterson university i would pay $3000 just to see the reactions around that but right now we don't know what's going to happen, i think it's a 50/50 race. >> i think you are right, thank you for being with us this friday morning, always appreciated. let's talk tesla, they are going to recall, 30000 cars in china.

susan: some model x and f have defects in the recall so this only involves tesla california made cars that were imported to china from years ago as early as 2013 and as late as 2018 these are not made at the shanghai factory which we know kicked up production at the start of this year were talking about different defects and some cars should have both of the defects, why is this important, if you think about it china is the world's largest car market in one of the main reasons tesla stock has rally 400% this year, however, i would point out which excited by the self-guided yesterday it will go up by $2000 but on monday when you get full self driving upgrade but any car any tesla car can get self driving for $8000 without buying a new one for 60 - 80000. stuart: if i have an old model s. susan: which you don't but you

should. stuart: you could pony up 8000 bucks and then it's fully self driven. susan: hands-free although you should still watch the road. stuart: fully self driving, that's an invention. susan: the future is here. stuart: i'm way behind, susan, thank you, it should come as no surprise that the mainstream media is blaming the presidents debate performance, one more time, rotate. >> he is running the single most negative sleazy campaign in american history. >> somebody owes our colleague kristen welker in apology. [laughter] stuart: tomi lahren has a lot to say about this, she is on the show next hour, first bus discusses health and human services secretary alex azar on the show next and he's talking remdesivir, we will be back ♪ ♪

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>> we have a vaccine that is coming, it is writing it and it's going to be announced within weeks and delivered, we have operation warp speed which the military is going to distribute the vaccine, i was in the hospital, i had it and i got better and i will tell you i had something that they gave me, therapeutic got better very fast or would not be here tonight. stuart: that was the president talking about remdesivir, he took it while he was suffering from the virus and by the way remdesivir has been approved from the fda for widespread use, alex azar back with us, health and human services secretary. i have a laundry list of questions, let me ask them

upfront, who can get remdesivir now, what is the cost, will the insurance company pay and when do i take it, do you have all of that, can you tell us, go through it all. >> absolutely, it is very easy for your viewers, remdesivir which is the first product fully approved to treat covid-19 by the fda and a product of the presidents efforts beginning in february to get treatments to the american people, it is an inpatient drug, it is given by infusion when you're in the hospital so you will get that if the doctor and hospital determined it is appropriate for you to get, the hospital has paid a flat fee for your inpatient stay, they absorb the cost of remdesivir, you do not, is covered as part of you been in the hospital, that should not be an issue for anybody. stuart: this is late october, remdesivir is approved, you say

the president started pushing for this in february this year, i'm trying to do the math, you're looking at seven months from start to completion of a treatment, i think that has to be a record speak. >> it is historic, and there's something else that is record speed that frankly has me smiling, i woke up this morning to the washington post having a headline calling the president leadership of operation warp speed staggeringly impressive, that follows a couple weeks ago, the new york times calling it remarkably efficient insane because of his operation warp speed leadership that this pandemic would end much sooner than all public health experts ever thought. stuart: i think i picked up from the president saying a vaccine, not the treatment remdesivir but a vaccine, i think you said is weeks until it's out there and

in use, is accurate? >> here's the amazing thing about operation warp speed, we have made millions of doses of commercial scale production of all six of the vaccines that we are an investor with or contracted with and we have two companies, pfizer and moderna that are almost or fully enrolled in their leading clinical trials some of the largest in history, as soon as we get the data from those which will be as soon as enough individuals who got the placebo get coronavirus and meet the endpoints, that data will come out, that could be within weeks that we see the data and then it will come into fda through five independent checks for safety and efficacy and final authorization by fda and we will get it out there to the most vulnerable right away. stuart: that is a vaccine, we dealt with the treatment, remdesivir, how about the test, how far away are we from a test where you get the results

instantly. >> over 50% of her test are instant, rapid test within 15 minutes, in fact the president in the last couple weeks we bought 115 million of abbott, buying acts now, paper-based test that looks almost like a pregnancy test would, it still does need to be ministered under the supervision of a lab because you have to take a good sample and add drops, that 150 million we are shipping those to states so they can use them to get schools k-12 reopen, protect her nursing homes, we sent them to black colleges and universities, we got over 90 million test available a month, 3 million a day, 2 million test per day surplus in the united states that is not getting used right now. stuart: secretary, i would call it a positive update on treatment, testing vaccine and thank you for joining us, much appreciated. >> good to be with you.

that is the virus, the vaccine, et cetera, let's get to your money we turned south on the dow, 21 points, mixed position, frankly no major movement in stocks this friday morning, let's get to palantir, i find this interesting, susan's got the news on palantir, tracking virus vaccines. susan: this is a sophisticated minor credit due to finding obamosama bin laden, and to dece who needs a vaccine and where to go first, palantir has been developing software the health officials could used to manage various vaccine data and identify any issues that could prevent americans from getting the shots, isn't that so for sister kidded, and attempt to use the cutting-edge data science in order to help the government and the federal government managed vaccine

distribution but there are concerns of data privacy and health data in particular but palantir, this debuted a few weeks ago and the stock market, underperforming because the indicated price was around $10 a piece so were under that buddy did rally on the back of the news yesterday. stuart: palantir down 1% today, 958. radio guy, he says trumpets talking to black voters and it is working, watch this. >> when it comes to the black people you see who may be showing support for trump, i think it's because trumpets actually talking to the black male voters, directing towards them, they are group that never get called on. stuart: however, look at this on your screen, an op-ed from the chicago tribune claims black support for president trump is a mirage, larry elder is fired up and he's coming up on the show shortly, joe namath, he is on

the show and i'm going to put it to him, football does not come back until the fans come back in the stands, let's see what he says to that, more varney after this. ♪ don't worry, julie... coughing's not new. this woman coughs... and that guy does, too. people cough in the country, at sea, and downtown. but don't worry, julie... robitussin shuts coughs down. omnipod delivers insulin through a discreet waterproof pod... to help simplify life. no more daily injections. it's game-changing. take your insulin anywhere with a small tubeless pod.

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stuart: there laughing because i'm about to talk football. here's my position on this, i don't think football comes back really strong until the crowds are back in the stands, who better to ask about this then the guy who is a frequent guest in a favorite guest at that, joe namath, by the way he's also authored the book my life and for quarters, i like that book because i'm approaching the fourth quarter of my life just like you, it's great to have you back, let's get to it, i don't think football comes back strong until i see the fans in the stands, make that big of a difference what do you say to that. >> it makes a major difference of course but the players are playing, they turn this into a positive, the sec, the big ten getting ready to start pro

football, but without the fans of course we miss them, the players on the field miss them, television has done a great job in televising these games and when i do see the fans i think they outta be more coachable and have the masks on when they're sitting close to one another. stuart: i think of you as broadway joe, you played for the crowds and you were great at it, everybody knows that but how would you be playing if you had no fans in the stands, would that make a difference, i think the fans turn you on. >> it is an individual thing, comes down to the individual and collectively the coach is a leader but there has to be leaders on the team too, there is no doubt that an adrenaline rush that you get from hearing the fans and even when they are booing, it is different but the leaders on the team, they know,

they played high school games before without people in the stands of maybe 200, they had scrimmages, they're out there fighting to win in the leaders, players won't let the other players get away with, at least i hope not. >> big ten football returns tonight but no cheerleaders, none of the fans, i really miss that, not many fans in the stands and some of the cities which host big ten games, then a particular want them, they're worried about spreading the virus, not much of a return is it, tonight big ten. >> they are excited, i'm excited, i'm a fan and i like to watch the big ten and see good talent playing ball, penn state looking at nebraska, i am excited about the big ten coming back into action. stuart: who is going to win the

super bowl , i cannot go there. [laughter] i owe most thought i was pulling for the home team all the time and going back 50 plus years, if i knew he was going to win i would tell my family first, i don't know who is going to win the super bowl i can only hope i'm around when it gets played. stuart: it was 50 years ago when you want. >> 52 or three, something like that, yeah. stuart: it was 48 years ago when i served you at a restaurant in connecticut. >> we've seen some changes right and i'm thankful, i gotta believe you are thankful you're still around. stuart: absolutely and i want to get into my fourth quarter just like you are now in your fourth quarter, i'm hoping i have another three years, let's see

how it goes, you're barel very r guy and i want to thank you for coming back time after time in getting the views for who support soccer, always great to have you on the show. thank you, see you soon. big show coming up, steve hilton, larry elder, tomi lahren, all in the next hour, and you will get my take on lockdown joe, the third hour of "varney" right after this. ♪ this is decision tech. find a stock based on your interests or what's trending. get real-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions. fidelity.

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>> we are living with her, we have no choice. >> were learning to live with it. >> people are learning to die with a. >> we cannot lock ourselves up in a basement like joe does. >> the president won handily last night and the american people might be on the fence, they saw what real leadership looks like with president trump. stuart: part of the reason we love this guy, he is like us and he's been back to his rallies, this president will be reelected but he needs to bring people in the senate along with him. >> wall street is looking at the stocks are looking at the

spending, it's going to be a rocky 11 days no matter who wins the election. ♪. stuart: 11:00 o'clock in new york city we are showing you the biggest moment of the last gaffes of the election season, the debate last night, take a quick look at the market, this is a go nowhere market, no major moves for the major indicators, dow 30 on the dow up 30 on s&p and 25 on the nasdaq, next picture, now this if there is one thing that really stood out for me in the debate last night, it was joe biden and what i would call his blood on your hands statement, here it is. >> 220,000 americans dead, anyone is responsible for that many deaths should not remain president of united states of america. stuart: good i goodness me,

220,000 virus deaths are trump's fault, the wall street journal says that statement is neither honest or decent, well said. go back to covid early days when the president banned travel from china, the virus epicenter, biden tweeted that trump was xenophobic, what was his plan, let the virus poor and because you cannot lay down the law, now he says deaths are trump's fau fault, that is utterly contemptuous. and for the future, it is lockdown joe, that's where he wants to go, if there is a second big wave and a committee of scientists tells him to roll out a new round of restrictions, locking down, that's where he'll go, to point on this, biden is ignoring deliberately the social cost of staying home orders, substance abuse, suicide, depression, domestic violence, poverty, child abuse, awful stuff, lay that on the door of

lockdown joe, secondly i future lockdown would mean a future recession and/or a depression, france has a second wave, they started the second round of severe restrictions and they are entering a recession, that is what joe would bring here, for political purposes joe biden blames a president for america's virus deaths at the same time he encourages more social and economic suffering as a journalist says, i'll say it again that is neither honest or decent. the third hour of "varney & company" is about to begin. ♪. stuart: the media, totally downplayed the hunter biden laptop story, that is a bombshell, there ignoring it, watch this. >> i about biden's personal corruption, hunter biden, most of those charges unverified.

>> charges so heinous i'm not going to say them, nonsense with no evidence, completely made up. >> complete fabrication of falsehood has very little evidence behind it. >> the nastiest ugliest smear campaign online in american politics and a desperation move. >> if you did not follow it closely you probably don't understand what the hit is. >> if you are not immersed in right wing media and were cable host and we don't know the details, no one knows the details of these conspiracy theories. stuart: really something else, lisa is with us, fortunately, fox news contributor. the media is flat-out lying and that is disgusting. >> i think we've gone beyond bias with the media, they are propaganda, they are activists for joe biden and quite honestly

i don't know the difference between what they are doing and when you look at countries like iran that are pushing this information to sway the electorates, i think that's a question we need to think about as a country, one thing that stood out during the debate is the fact that joe biden does not know what he's doing and president trump does, president trump as a result of him being a businessman, he's had to face real-world implications for the decisions he has made where joe biden has not, it's been impossible for him too, he's been in office for quarter of a century and every decision he has made he shared the responsibility with 99 other senators, vice president it was obama's name at stake, not his, that's why we look at the things that he's talking about whether

covid, climate change, he does not understand the impact of shutting down the country on everyone else, he does not understand what moving away from oil and gas in this country would do to hard-working americans because it's impossible for him too, he does not understand the real-world implications, president trump does. stuart: maybe he does understand the real-world implications but is being pushed and pushed and pushed to the left by aoc, bernie sanders, the green new deal, he cannot admit that much higher taxes and getting rid of oil and gas, he is in no position to admit that would be catastrophic for the economy, he cannot say it even though that's the picture he is presenting. >> i agree that he's embrace progressives and we saw that in the sense on aoc and bernie sanders to divide the climate change plan, of course he's embracing, kamala harris is the most liberal center and he chose her to be vp, i don't think he

understands the implications or has what it takes to realize that and even the discussion about the minimum wage, how can he know he's never run a business, he's never had to make those decisions, he's never bear the consequences of his decisions because he's been so shielded as a politician that is never faced consequences for his actions and the decisions he has made, i truly believe that is why he got himself into this mess along with hunter biden, this is somebody who has been in office over 50 years who has been shielded from criticism and shielded from the actions in the decisions he has made, it's allowed him to be so arrogant that he thinks he can take advantage of the office of the vice presidency and allow his son to leverage off of his last name while he's in office and potentially make money later, if the arrogance of somebody in the swamp in d.c. for 50 years that does not understand what actual americans are going through, he's lived in a rare find and

disconnected world for so long. stuart: he's relying on the media to keep the cover-up going, that's what's going on, welcome back to the show, it's good to see you, don't be a stranger. >> i won't, check the market, use all intel way down, that is hurting the dow industrial, intel is a dow stock, 50 points on they're down, 17 on the nasdaq, remember yesterday we had larry kudlow on the show, we heard his prediction for the fourth quarter, what would it grow the economy, watch this. >> i would put up 52 - 10% growth as a luminary estimate i think there's a lot of momentum from going to the third quarter into the fourth quarter. stuart: that's a big number, ryan westberry is with us, he says 5 - 10% in the fourth quarter, that would be over and above what happened in the third quarter, if you compared to the

same period last year, i don't want to get too technical but it would be down 1%, bottom line to me, if larry is right, we have almost recovered the economy back where we were a year ago, almost. >> yes, it is a v-shaped bounce off the bottom, next week we are going to get a 35%, that is annualized, four quarters, we take the growth in one quarter, multiply it by four and that equals 35%, that will be the biggest quarter of growth in the u.s. maybe ever in history and then we will follow it up in the fourth quarter with another good piece of news, i would not be shocked if it were not 5 - 10%, remember when you kick off the fourth quarter, september is the kickoff point and that is much, much higher then we were back in

july and august, as a result we do have momentum in the fourth quarter, one thing to remember the numbers will not be as strong as the third quarter when we see them next week going forward but this is a v-shaped bounce off the bottom, no doubt about it. stuart: i have a theory, i think a lot of people have made a lot of money in the stock market are taking some of the gains out of stocks and using the capital to get into real estate, an alternative to stocks, a reallocation of some assets, what do you think? >> if you look at housing sales, building, anything to do with residential real estate, it is booming right now, also commodity prices are beginning to pick up, i think this is a sign of what the federal reserve is doing and also people are understanding about safe assets,

the last time the fed lost control of the money supply which is exactly what's going on today, 24% growth over the past year, you have to go back to the late 60s and 1970s defined a period of time like this in real estate especially residential real estate and commodities provided excess returns during that period, i am suggesting to investors that they prepare for inflation and get defensive in their portfolio, it is not a bad idea at all, i believe stocks were made under value but that's a different story, i think it's a good place to go to be defensive in an inflationary environment. stuart: always a pleasure, thank you very much will see you again soon. >> thank you. stuart: we have a big show ahead and we really, really do we have tomi lahren on the show, with fox nation, tomi is fired up about the media's reaction to

the debate as are we all, she will join us live, new op-ed says black support trump is a mirage, he says black voters will get the president reelected, that is interesting and he's on the show, the ceo of facebook and twitter subpoenaed of alleged censorship, steve hilton says that subpoena is not enough he wants a lot more of action against them, the third hour of "varney" roles on. ♪ ♪ ♪ ♪ smooth driving pays off with allstate, the safer you drive the more you save you never been in better hands allstate

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16500 new restaurants open just in september, i would call the great news for an industry that is ravaged by the pandemic, the new openings show how the industry is innovating to fit the lockdown, for states show the fastest pace of new opening, new hampshire, north dakota, wyoming and rhode island, great outdoors i guess, the new restaurants have big open spaces including wide patios and decks, new farmers markets are coming on strong, food trucks all of them coming on, that is great news on this friday morning, america innovates, not bad, stayed on the trend, reporting a big jump in earnings thanks to strong sales of spiked seltzer ent, the stocks are up 15%. , next we are going to deal with senate judiciary committee, approve subpoenas for the ceo of facebook and twitter, this is about censorship, alleged

censorship, earlier this morning we spoke to senator ted cruz, here's what he had to say. >> all of the media ought to be outraged that a couple of silicon valley oligarchs are asserting the power to decide what stories you can report and what stories the american people can read or listen to. stuart: look who is here, steve hilton the man himself host "the next revolution", steve, you want social media to be broken up, make your case. >> ted cruz is exactly right, it's an outrage that you now have so much control over information and so few hands, a lot of people in this debate have focused on section 230, is probably one of the most famous bits of bureaucratic regulation there is, everyone knows about them, section 233p is what conservatives are focusing on, the idea, you remove the protection from these companies which basically treats them as

mutual platforms so anything that on their networks, they are not legally liable for, let's get rid of the protection, there obviously edited just like the editors of your program in newspapers and someone, they should be held responsible for the content, the problem with that is twofold in if you do that, what that means, none of us will be able too post things on the social network without first going to the editors with facebook, twitter and all the rest of it, you lose something that is quite precious, even then the problem is they are still going to have massive dominant companies, i think the real problem here is the dominant effect that basically facebook has a monopoly, you gotta get rid of that, you gotta break it up, if you have 100 different social networks or more, then it would not matter if one of them was run by mark zuckerberg who wa wants to censr

hunter biden story, you can go to another one and read it there. stuart: you think will ever get there, you talk about breaking up a company that is the size of facebook, it's power, cash, money on hand, we think we can keep this thing delayed for a decade at least can't they. >> that is exactly right, when i see the summons and before the committees in washington, you will have a day where the ceos have to take their punishment as it were and they will have all these accusations thrown at them, they will be well prepared and go through it and nothing will have changed. the truth is, we can do it if we have the will, in the past, we have done that for example in the telecom industry, we did break up the companies in the past and that led to a lot of innovation as you have been talking about, the problem is so many of the legislatures, this has to be congress that does this, they basically bought and paid for by lobbyist and political donations that come from the industries, we've got to really have the will, someone

like senator josh hawley has been leading the charge, i think he does have the will and more and more are joining him like senator cruz, we just got to keep pushing and i think we might get there because there is a president port, we did it before in the telecom industry. stuart: talking about innovation, the california court ruled that lift in uber must reclassify their drivers as employees, we are talking about the gig economy, it's not just drivers for uber and lyft, is scriptwriters and a whole bunch of other people, i call it a catastrophe for the gig economy, what say you. >> exactly right, these companies have pioneered and innovated a completely new way of working which is a huge benefit to all sorts of people that don't particularly either through their personal circumstances or time constraints do a full-time job so they can earn a bit of money that fits in with their schedule and it's been great, those

people want back to continue and what the companies have done is help them out by giving them for the example of uber and more health benefits and going towards the benefits that you get from full-time employment but without the constrictions, the big news, all of this is in a ballot measure here in california coming up in a few weeks, proposition that has been aggressively put forward by the companies behind this if that passes, that overturned the legislation and that means that all those people who are benefiting from the gig economy can continue to do so that will be a powerful message nationwi nationwide, in california these restrictions are struck down, that's like you're not really likely to see them exported to the rest of the country and do the damage there, we are helpful that that will pass in a couple of weeks in california. stuart: we live in hopes, i'm always wondering why on earth you stay in california. i live in new jersey.

>> you asked the same question. stuart: everybody asked you that question obviously. >> we gotta stay in the fight, we gotta fight. stuart: don't go down with the ship, steve hilton, thank you very much indeed for joining us. by the way you can watch "the next revolution" steve host on the fox news channel 9:00 o'clock eastern time on a sunday night. let's get to the iphone 12, susan has got one. susan: i'm excited, yes it's here, i was trying to entice you, the 5g upgraded camera, hd video ceramic shield gas which makes iglass which makes it haro break, you appreciated the design, come on, admit it. stuart: i don't use all the gizmos, i don't know how, the 814 bionic ship. stuart: that is a beatable piece of equipment, it is beautiful engineered, i love the look at it. susan: how do you feel about your phones and the charger this time around in the iphone 12.

they're trying to push you to buy the air pods and the faster charger cords which will cost $20 and then if you have the magsafe which is a magnetic that pops on like that and it charges your phone four times faster that will be another $40. stuart: if you have a product as good as that, i think it's a really good product then you can afford to ask for more money, you can maximize your revenue. susan: is called selling up in the fact that there's a billion iphones in morgan stanley says around 350 million of these will be upgraded in the 5g cycle, mostly in china and network nationwide, also generous, up to a hundred dollars off on your iphone this time around but you cannot show up in the stores with the days of screaming fans lining up around the block for the iphones is over yet to make an appointment, but yes you have a question. stuart: this is an iphone ten, could you ever go back to it.

susan: no, but i'm an iphone snob. stuart: gotta go, important subject, the media wasted no time slamming the president after the debate, you've seen this before, see it again, rotate. >> he is running them single most negative sleazy campaign in american history. >> 70 "ozark" holly kristen welker in apology. [laughter] stuart: tomi lawrence got a lot to say about this and said wife, she is on the show live coming up shortly. let's go to joe biden he plans to keep his campaign promise to tax the rich, they say that will crash the economy, live from washington next. ♪

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stuart: edward lawrence is live from washington, how are businesses preparing for this.

>> the former vice president joe biden has no plan to change the tax proposal, he will raise taxes on anyone making $400,000 a year but the tax policy center run by former obama administration official says the tax plan would raise $3 trillion over ten years, biden will raise the capital gains tax and cut the exemption by 50% and raise among corporations, when you look at the hidden taxes that could be looming in the healthcare plan, that could hit middle america, the former vice president plans to reinstate the individual mandate the campaign describing that as a fee not a tax, biden care as he described it will allow those to buy into the public option for health insurance and received no tax credits back for that to get into that, back to corporations, the corporate tax rate to 28% could have small businesses and large businesses rethinking the amount of people they hire also

the affects the bottom line of the company following that through and affects the stock price of the company it could lower it, all of the 401k the hold stock could see less money, generally economists say the more taxes increase the slower the growth will be in the economy as you know. stuart: you got that right, we hear you, have a great weekend. see you later. look at zoom, i find this fascinating, they will start collecting taxes next month, how would that work? ashley: good question, some familiar names, zoom is being sending out notifications to customers in four states, california, new york, maryland and virginia, these notices say we will start collecting starting on november 1, a variety of local taxes that will be applied to communication services, the potential tax is dependent on where the user is located in the specific services

that they use with purchases from zoom, for instance, california customers could be subject to taxes as high as 11%, they vary widely by location, it would be 9% los angeles, 7.5% in san jose, san francisco and oakland to six and half% in sacramento, just 6.5%, and all five new york city borrows, zoom will collect at 2.3% new york utility tax on zoom services for business and residential customers, can you get this, the company says there is a definition of communication services subject to these taxes basically includes most services sold by zoom and that is why the notices are being sent out, the money goes to the local government, how they collected whether you individually get a bill in the mail or it comes from the city, it is unclear but as you sit there enjoying life

and working from home, be prepared if you live in some of these areas they will want somebody. stuart: remember this no matter where you are all they want is your money, it is as simple as that, what they want, always, i think we dealt with that, let's move on, i have an op-ed, it says black support for president trump is a mirage and celebrities like 50 don't represent the average african-american voter, larry elder is with us, salem radio talkshow host, he's got a big smile, go at it, why don't you. >> i think donald trump will get least double the vote that he got in 2016 which will be the highest percentage vote since gerald ford in 1976 and i want to remind people of something, 1960 richard nixon got 32% of

the black vote four years earlier and dwight eisenhower got 39% of the black vote, this business about black being 100% in favor of the democrats is a new modern phenomenon and even the naacp put the support for donald trump among blacks and 21%, there are others that put it at 30 or 40% even the naacp is at 30%, donald trump is on two very significant things that causes him to get a lot more black support, the first is a prison reform act that allows 5000 mostly black men to have their sentences reconsidered about two or 3000 have been released outright and is strong support for school choice, it shows black and brown urban parents want school choice and white democrats of been in the suburbs do not, those two profound reasons among many others i believe donald trump would do far better than he did four years ago, let's remember all time unemployment low for black people it is awfully tough to beat historically low unemployment.

stuart: i believe mr. trump got 8% of the black vote in 2016, if you get double that, 15, 16% as you are suggesting he might, he wins and joe biden loses because of joe biden does not get 90% of the heavy black turnout vote, he cannot win. >> that is right, it may sound small but barack obama, because a barack obama only 4% voted republican, four years later in 2126% day, four years in 2020 almost 8% did, that is a small trend but a trend and i believe a growing number of black people are recognizing that racism is no longer abate under major problem in america in the getting tired of the democrats pulling out the race card which in my opinion is overcharged. stuart: black voters dictate the winner. >> i think so, i really do, i really think donald trump will surprise a whole lot of people

and a lot of black people are very happy about prison reform and the additional money they spent for enterprise zones and for the first time there has been steady funding for historically black colleges has never been done before any part in jack johnson the first blood under black heavyweight. stuart: if the president went to a minority area, he is getting valleys all over the place, they went straight to the minority community and spoke in the middle of that community, would he get a fair hearing? >> i think so, i was with trump in the 2016 campaign when he went to a black church in cleveland and spoke to black people directly and talked about the importance of family and school choice and talked about what is going to do with illegal immigration which resonated with the crowd, the man his resignation with regular people to a degree since ronald reagan. i'm imported, tampa bay, tampa bay florida, this is my second trip in florida on behalf of the republican candidate for

president, this is where the action is and i believe donald trump will take florida. stuart: your checking out the real estate, i know you are, you used to live in california. >> low state income tax and estate tax in florida. stuart: i know that, i know that well, no state, all capital gains tax. thank you very much indeed. good stuff. small business owners raising their eyebrows over this moment at last night's debate. watch this. >> do you think this is the right time to ask them to raise the minimum wage. >> i do. stuart: tomi lahren has answers on that one and she's going to weigh in on the 15 a dollar hour minimum wage during the time of the pandemic. we'll be right back. ♪ we made usaa insurance for members like martin.

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there's an art to listening. it's the ability to hear more than what's being said. to understand the meaning in every pause. and to be able to offer the answers that make someone feel truly heard. i understand, let's get started. that's what you get when you talk to a dell technologies advisor.

stuart: early ratings coming in, down to 21.4 million, the first debate was 29 million but let me explain that is just across the broadcast network, that is just abc, cbs and nbc. >> he is running the single most negative sleazy campaign in american history. >> somebody "ozark" holly kristen welker an apology. >> she's owed an apology by the president who attacks her over and over and over again heading into this event tonight. >> he did not set himself on fire like he did at the first debate, he did lie like pinocchio. stuart: i keep running that because it is so absolutely extraordinary, the lady on the right-hand side of the screen is tomi lahren, what was your reaction, my head is exploding at that, what about you.

>> i thought he was quite courteous to the moderator and i believe he told her she was doing a great job midway through but joe biden has such a horrible night last night, his pundits on the left don't want to talk about that they only want to talk about trump being a jerk because that's all they have to fall back on they don't want to talk about the fact that joe biden said he would move away from the oil industry or talk about joe biden saying he thinks that a 15-dollar minimum wage should be the standard, they don't want to talk about the economy crushing policies to shut down the lockdown that the president or this president would continue, so they talk about trump being mean. stuart: i think trump won, what about you. >> it was absolutely hands down, that is exactly why those on the left don't want to talk about it, joe biden had a horrible night even by joe biden standards, i thought it was great midway through when donald trump said he thinks joe biden could do better, sadly joe biden cannot do better and i expect him to go back to the basement and keep campaigning on trump

derangement syndrome. stuart: there's a strategy for you, i want to play one moment that is raising eyebrows this morning, listen to this. >> do you think this is the right time to ask them to raise the minimum wage. >> i do, the small businesses, one in six going under. >> small businesses, by raising the minimum wage, that is not helping. stuart: can you imagine if your restaurant owner, you're just getting out of the lockdown situation and struggling to survive in joe biden hits you with a 15-dollar per hour minimum wage for all your employees, and he thinks that is helping small business. >> it does not add up, the thing would joe biden when you watch him in the debate and town hall and watch and being himself, believe nothing you hear half of

what you see, again joe biden refused to say if he would reopen america and he tries to play both ways, he tries to blame donald trump for their struggling economy but says that we should not really fully reopen and if we do wish to plexiglass between us and live in a bubble and in fear, can't have it both ways, i think the small business owners out there that want to get back to work, they were listening last night and they know president biden would be bad news for business. stuart: you got it, i promise were going to be watching your series on fox nation, i promise, thank you for being on our show so consistently, we really appreciate it. >> good to see you as always. stuart: did you know you can bet on the debate last night, you can, tell me more speeches you can but not in this country, draftkings offered a free fun advent after the 50000-dollar pole then last night on his debate where players had to answer nine questions and those who did best sure the pool we go

to the uk, where else, almost as twice as many people in the uk are betting on donald trump to win the election then are putting money on joe biden according to the makers in the past month 57.5% of all wages back the president compared to 30 4.2% with the former vice president, we should note these are from the betting market in the uk and elsewhere because political gambling is banned in the u.s. and its huge business overseas, the 2020 u.s. election is said to be the biggest ever with wages close to 400 million expected by november the third, yes you can bet but you have to go to bet fair and all of those overseas. stuart: i bet a lot of people

do. ashley: they do. stuart: it is 11:46 a.m. on a friday morning, that means friday feedback is next. just wait, let's see what we said about you. we'll be right back. ♪ so you're a small business,

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♪ ♪. stuart: don't look at the screen susan, look at me who sings that song is before thomas rhett, i saw the banner already, too late. stuart: a quick look outside, our world headquarters in new york city, time for friday feedback, susan, ashley, lauren, the first one comes from michael cruz auto, secretly we all wish we had ashley's hair, it's going to be a wig, you can tell me. just jokes, what you got. susan.ashley: it came in the boe this, it is not real, when i worked in nashville i got stopped on the street by two

people who thought it got to be a wig, i let them pull on my hair, most people have thick hair, don't be jealous, don't hate me. susan: i was tempted to maybe and. stuart: i'm trying to grow out gracefully and if i'm losing my hair, i'm losing my hair, that's the way it goes. susan: all natural. stuart: why did you bring that up. i have a comment from greg, real short, real sweet and a good one, stones or beetles lauren first, then ashton susan. lauren what he got. susan: i do miss the beatles, they played every morning at 10:00 o'clock eastern but i'll go with the stones, you cannot always get what you want. ashley: you cannot, i'll have to go with the beatles although i do love the stones, as i get older i don't have to go the

beatles. stuart: how about you susan. susan: stones i'm traumatized by the beatles karaoke, i only know five songs. stuart: you always get them wrong, how is this one, this is from greg hoyt coming to us on twitter, stewart's tree farm, what are the trees grown for, landscaping, veneers, lumber, do tell. stuart: it is simple, i grow a lot of black cherry which is used in high-end furniture, coffee tables and that kind of thing and a lot of hard maple which is basketball courts and red oak which is good for furniture because of the grain and the color of it, i grow high and hardwood timber it takes about 60 - 70 years for trees to mature then we chop them down and sell them. susan: definitely not a tree hugger. stuart: i am the

environmentalist, i've got to make money out of my trees. come on. give me a break, i asked some of you for hate mail and we got some, we picked this one out from jeff cook, stuart please stop with the phrase only time will tell in the regal way that you pronounce it, it's extra irritating, susan must cringe every time you say it. susan: i cringe all three hours sometimes but no, only time will tell. stuart: you're not supposed to say that. susan: that was the best piece of hate mail that you have gotten, that is the best hate mail. there had to be something better than that. stuart: there probably was but the producers will not show it. pets like our show, charlie the cat watching varney, his oldest

says, here is cheryl, glued to the tv, yours truly is on. that is all we got time for, i'm sorry about that but we enjoyed this, please keep it coming, we really do enjoy this stuff, comments, questions, videos send it to us and you might end up on tv if you are not careful susan li. more "varney" after this. ♪ non-valvular afib can mean a lifetime of blood thinners.

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human way to healthcare. ♪ ♪ stuart: we so enjoyed friday feedback that i'm going to continue it. i'm going to bring you all back onto the screen, all four of us all together now. yeah, yeah, yeah, no getting out of this. what are your weekend plans? ashley first, then lauren, then susan. ash, what you got? >> spend time with mom, take the dogs to the beach saturday and sunday morning. sounds pretty good. stuart: exciting as hell. what have you got, lauren? [laughter] >> i actually had to just write it down as i prepare for the weekend, so e eye doctor, 8:30, try to take the kids' christmas picture, flu shots, 10:15. try to find a halloween maze that's actually open -- [laughter] stuart: enough of that one. let's make room for susan. >> are you sorry you asked?

dinner with friends, some relaxation. stuart: i am taking my daughter out for her birthday tomorrow. lunch, of course. i can't stay up til dinner time. but that's what i'm doing. [laughter] it's going to be a dynamite weekend. we had a good time today. thanks for watch, everybody. we really appreciate it. neil, it's yours. neil: stuart, thank you very much. we've got a bit of a selloff, a lot of people wondering about what's going to happen with stimulus, whether it's going to materialize or not. it's getting a little long in the tooth, but we are going to watch that. we're also going to get the latest on what the senator will do, maybe not do, senator bill cassidy will be joining us. then we're going to hear from harold hamm, executive chairman of continental resources, what he made of what could have been the most telling faux pas in a presidential debate since gerald ford, 1976, insisted eastern europe wasn't under soviet.com nation. it was the joe biden remarks about