month. shares on the move. thank you so much. great to see you guys this morning. >> good to be here. maria: we got the gdp and that was a positive for the markets up 33.1%. that will do it for us. varney begins right now. stuart: good morning. you know, this is a political number. growth rate of july through september period , the stronger the number the better the economy rebound. the stronger the number perhaps the better trompe looks, so here's the big reveal, third-quarter growth at an annualized rate of 33.1%. i will call that strong, quite a comeback from the plunge in the second quarter and that would be the spring and early summer. larry kudlow joins us later to tell us what he thinks the economy will do in the fourth quarter and weekly jobless benefit-- numbers prove

to increased economy. there is a one month to in germany, not good for our market, same thing in france and a record number of new cases in america over the last seven days. that's not good either and a time clearly running out for stimulus package before the election. we will ask larry kudlow about that. dow industrial 900-point drop yesterday, dead flat at the opening of this morning, pretty much the same story for the s&p, modest rebound for the nasdaq. this is the big day for big tech, apple, amazon, google and facebook will tell us how they are doing financially. report on this about 4:00 p.m. eastern this afternoon. extreme importance because these are the most important and powerful countries in the world. their stocks have had a terrific run, but they

have come off their highs and we will ask if the blue is coming off the big tech. campaign headline, joe biden leaves his house again. today he's off to tampa, florida and so is the president. the latest poll shows a dead heat, 48, 48 in florida which is emerging as the must win state. after he is done in tampa, the president heads to north carolina. joe biden goes home. by the way, 73 million people have already cast their votes. stay with us, please work we have a lot coming at you pick the media still not covering the exploded under biting comedy about in money scandal. overstock.com. doing very well and we had their ceo and yes again larry kudlow was on the show. "varney & co." is about to begin. ♪

stuart: the almond to brothers. you have never heard of them. you have never heard of the allman brothers? susan: i have, but not this song stuart: it's a classic. susan: i have heard it now. stuart: moving on. good morning, by the way. susan: good morning. stuart: five days from the election and 73 million people have a voted, seven-- president trump barnstorming across the country making two stops in arizona where he made this pitch to voters. roll tape. >> of this election is a choice between a trompe super recovery and a biden depression. you will have a depression the likes of which you have not seen before, maybe 1929. once to raise your taxes, put regulations back on and remember

this, get rid of your second amendment. remember this. stuart: meanwhile, joe biden spoke at home in delaware, bashing the president's handling of the pandemic. listen to this. >> he takes a lot of big pronouncements, makes a lot of big pronouncements, but they don't hold up. he gets his photo op and gets out leaving everyone else to suffer the consequences of his failure to make a responsible plan. seems like he just doesn't care much about it and the longer he is in charge the more reckless he gets. stuart: the two candidates will head to florida today, both going to tampa. joe biden will also be in broward county florida, but the president is turning his attention to north carolina after he's done in tampa. he will hold a rally in fayetteville. < to florida for second. real clear politics, the average shows the candidates in a dead heat 48/48. i can't remember an

election when there's been such a stark difference between the two visions and two candidates. i will discuss that in my take coming up at the top of the next hour. let's get to money straight at it, please. another big day for earnings with a lot already this morning. highlights? susan: big business is recovering well. one of the top e-commerce plays in the world shop of five. this is out it helped traditional brick-and-mortar retailers go online and so i managed to. stock is up nearly 700% the past two years so that's a hot stop. more people eating out at taco bell helping to lift yum brand going up in the quarter to nearly one and half billion dollars in madera one of the leading covid vaccine developers rallying as well while tech is taking in $1.1 billion in government deposits for its vaccine aiming for a global launch when it's

ready. mcdermott says it hopes for emergency authorization from the fda in december for its vaccine. best quarter ever for broadband provider comcast when it comes to new internet customers adding 633,000 for its high-speed internet. comcast also owns nbc universal, peacock and 22 million subscribers, doubling from july, but the parts are suffering because of enclosures. stuart: today's the big day with 4:00 p.m.-- between four and 5:00 p.m. eastern amazon, apple, google facebook report their earnings after the closing bell this afternoon. i think it's other major importance to anyone with any money in the market whatsoever because huge companies. susan: represent 25% of the s&p 500 so how they go is the rest

of the markets. stuart: important stuff. watch it on fox business. i want to know, do you think this terrific run-up in technology over the last few years, doesn't amount to a bubble and because we have come down recently is the bubble bursting? >> look, as long as covid is still in play, i think tech has more moved to run. as we reopen the economy and get a vaccine, i think you will see a in technology, but traditionally what investors look at his price to learning and all evaluation metrics, they have been thrown at the window right now and really don't matter because when you look at zoom, at 700%, we are zero, the majority of us working from home, so a lot of people would argue amazon for example "after the bell", 78% profit. that's telling me there is still room for growth

as long as covid is an issue. stuart: okay. there is still room for growth and big tech. abbé have not lost their leadership of the market for matter what happens this afternoon. is that accurate? >> until we reopen the economy and have a vaccine because there's still a lot more growth that can occur in attack are quite know you also google, facebook and twitter reported "after the bell", but the focus there is on the added dollars, it can they generate ad revenue. facebook has a thousand advertisers both carding and then you have twitter doesn't post political ad so are they generating enough ad revenue. that was revealed yesterday in congress so it's really a big day, market moving event, i think. stuart: overall, just project six months away from now. we have gotten through the election and maybe over the second wave of the virus and opened up the economy a bit more,

where's the economy six months from now, heather >> depending on who is elected with a lot of uncertainty with the election and maybe the first time in history that we don't have a winner, a result on november 3 and i think that will weigh on the markets and as you mentioned there's a stark contrast between the policies of president trump and the former vp joe biden and an impact of what it will have on the stock market. i think it has a tremendous impact on the market as well on social security payroll tax, 12.4% above and beyond what it is now in new york and california. stuart: what worries me is a democrat in the white house, democrat running the senate and house. that's a problem for me. thank you for joining us let's get to the latest on the virus because we are talking about europe now, that's a big deal when it comes to this kind of thing happening

here. they have protests are broken out in both germany and france as new nationwide lockdown orders were announced for germany's chancellor will call just announced a month-long shutdown of all restaurants, bars, movie theaters, gyms, markets are all shutdown for months and that goes into effect monday. in france, the president ordering a second lockdown beginning tomorrow lasting till december 1. the citizens need to show documentation if they need to leave the house. all nonessential businesses closed. travel between regions of band. there's a lockdown for you. doctor marc siegel with us now. doctor, those are jacobian lockdowns they have lockdown before and now they are going to lockdown again. is this evidence that maybe lockdowns don't work? >> i don't think they were, stuart, not in the way they are being tried here and i think france is a big warning to us. from march till may

france economy lost 200 billion euros, gdp down 35%. what are they doing now? some of this makes no sense. you are not allowed out of the house for more than an hour to exercise , but you can visit a nursing home for as long as you want and spread it they are. you are allowed to visit a cemetery or cat is that makes sense? all businesses are closed. the id of the stay-at-home orders are what worries me the most that's what shuts down everything and costs a great deal of money. @least they are keeping the schools open, but what sense does it make to have the schools open, but the businesses closed? there's no consistency or thought to it. distancing and not attending large gatherings and wearing mask works. they don't need these lockdowns which cost money. stuart: tell me about the upcoming flu season. looks like it will

coincide with an increase in a number of pandemic cases in america. it could be confusing, flu on top of the pandemic. >> so far so good with that, actually. there is a rollout on flu shots. everyone should take a flu shot including stuart varney, but we have a low numbers of the flu so far, very low death rate. i talk to the head of the deed-- cdc yesterday and it's looking good. in australia which we look at in advance of our own flu season they literally only had 20000 cases in the entire country for the entire flu season, so it's looking more like we need to focus on covid and of course keep flu in the eyes also to make sure, but covid is what we have to worry about. stuart: i have to run. great book, by the way and we will see you again soon. check the futures on your screen now. down for the dow jones after a huge loss yesterday. up slightly s&p, nice

gain for the nasdaq. still ahead, larry kudlow in the 11:00 a.m. our. a look at the upcoming gdp numbers. cancel culture going after podcast superstar joe rogan and boycotting spot a five. we will tell you all about it with texas senator ted cruz not holding back when colin out twitters a sensor strip of the "new york post". roll tape. >> mr. dorsey, who the hell elected you can put you in charge of what the media are allowed to report and what the american people are allowed to hear? stuart: jack dorsey also claiming twitter doesn't have the ability to influence elections. you know we will debate that. "varney & co." just getting started. ♪ non-valvular afib can mean a lifetime of blood thinners.

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virtual appointments now available. stuart: how about the gdp number , third-quarter growth 33.1% on an annualized basis, but we are told that the big banks have been cutting their fourth-quarter forecasts. is that likely to record recovery, but the last three months of the year will be slower and may be tougher especially with record covid cases, no new stimulus so the average economists calling for a more attempted growth rate. goldman cutting its q4 by half, morgan stanley even more severely. morgan stanley originally thought it would grow about 10% and now they only forecast three and a half percent pure could do you know why? stuart: reemergence of covid?

susan: lack of stimulus which has been very disappointing for the entire economy in the forecast because they say it's the economic recovery may stall if you don't get new stimulus many more bankruptcies on the horizon. let's get going, dc. help people. stuart: i'm sure nancy pelosi is watching right now. anthony chan is with us, the former chase chief economist, 33.1% annualized growth in the third quarter. how would you characterize that number >> it's a fantastic number, stuart. what i see with this real gdp numbers is two stories, in the second quarter you can see what happens when you close the economy. that's why he contraction in the second quarter in the third quarter you see what happens when you open the economy and that's why you have fantastic numbers which basically came in

stronger than expected. now the question is, what's going to happen in the fourth quarter. it will be determined by something susan just said. are we going to stimulate the economy and offer more stimulus or are we going to get 11 million people that still aren't working in terms of lower non- payroll relative will to where we were before the pandemic hit. stuart: if we did get some stimulus an announcement of some sort after the election, if we got that and we got some opening up of the economy, how are we doing fourth-quarter this year economically, what kind of growth rate? >> we would do great, stuart. if we get an announcement immediately after the election we start getting dollars into the pockets of the american people and we can certainly send the fourth quarter with grote in excess of a 5% in the fourth quarter. remember we can continue to grow at 30% plus every single calendar quarter because right now the savings rate is

still high and if consumers know money is coming, they will start to push their savings rate more. they did it in the third quarter and they will do it in the fourth, but they won't to do it if they don't think more money is coming. stuart: if we get back more money in the stimulus and open up a little bit, could we get our economy in november and december of this year in the same position as we were in november and december last year? in other words have we restored our recovery by the end of this year? >> that's a little bit more challenging. i think it will take a couple more quarters. remember, when i look at the number of people unemployed, payroll is still 11 million lower than before the pandemic. that's not going to turn on a dime. making great progress. remember, this was a terrible thing that happened to us and we can debate why it happened, but it was terrible so it will take some time. if we see that strong

stimulus by the end of 2021, we can start to look at the economy and say we are very close to or at where we were before the pandemic hit and that would be a big accomplishment. no one says we have to turn the light switch on and off instantly, but as long as we gradually turn it on we can call it making progress. >> thank you. we will see you again, anthony. stuart: interesting announcement from united airlines as they plan to offer free covid test two passengers on flights to london. susan: some flights from newport to london. this is a trial run from november 16, to december 11. it's only on departure dates on monday, wednesday and friday. those that don't want to be tested will be moved to other flights although i don't know why you wouldn't want to be tested its to encourage more travel

because people can possibly avoid quarantine if you land on the other side. we don't know if london will accept the tests as a way to get out of the quarantine but i think they have learned a lesson from san francisco to hawaii where it means they don't have to quarantine. stuart: and increased bookings to hawaii. thank you. a look at futures because we are going kind of sideways certainly for the dow jones as they are lost yesterday, down about eight this morning. nasdaq up two thirds of 1%. we will take you to wall street after this. ♪ look limu! someone out there needs help customizing their car insurance with liberty mutual, so they only pay for what they need. false alarm.

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stuart: money, look at this. market watcher is with us. you are saying you expect good results from big tech and that will help the market bounce back tomorrow and early next week? is that what you are saying? >> exactly. i think we have been focusing on coronavirus and rightly so with a big surge in europe and in the us, but i think there is one factor helping out, hospitalizations while going up mortality is

much lower than they were in the july surge so we have more moderate effect so i think coronavirus will give way to really good big tech earnings that we will hear this afternoon stuart: and if they are not really good tech earnings this afternoon all hell breaks loose, doesn't it? >> well, that could be the case, stuart. i don't see too many cases among those four corners where we will get back. i think actual-- apple will show good service numbers and amazon will be strong again. facebook will continue and google has anti- trust behind them so i think we are set up for good afternoon. stuart: yes, but only if you actually look at the results. ignore the reporters who say facebook missed, they will just missed the story. i see that coming and i can see the algorithms kicking in a move in the stock price just because they don't meet

expectations. are you ready for that? >> yeah, i believe that can happen and you and i talk all the time about this silly game of expectations and moving things during the quarter, but bottom line with these companies. three of the four excluding apple are most likely going to tell us they have double-digit year-over-year revenue gains and that's why there's a mega tech tip that's why they are getting all of the stock money because they are producing the revenue gains people want to see and growth into this future. stuart: we will see between four and 5:00 p.m., most unusual to pack them altogether. it will be a very big hour and i recommend watching fox business in that our to find out what's going on. thank you for joining us and we will see you soon that's a promise, not a threat. the opening bell is about to ring and i'm looking at a dead flat dow jones and that

surprising, no bounce after yesterday league-- yesterday's major-league decline nasdaq maybe up a half percent, about 61 points thereabout. we are about to ring the bell. there we go. the lady presses the button the bell rings and in a few seconds trading begins on this thursday morning. 9:30 a.m., off and running. let's see how we are doing. as we expected, a minor loss for the dow jones industrial, it is minor, but more than half is in the red. minor loss to open the day for the dow jones. s&p 500, minor game for the s&p up .19% and as for the nasdaq i'm looking for a better gain. we got it, up a half a percentage point. nasdaq was down 3% yesterday, something like that. susan: first day since it just. stuart: back up a little bit this morning. show me the big tech names because they report "after the bell"

today. about how they have open, all of them on the up side. susan, bullet points from each peer don't say the word expectation, please speak to let me, first. given how well big tech has done-- you are the worst-- wall street is-- stuart: i thought you were going to say, i'm talking now stuart. susan: i'm talking. i will talk to apple later today about hardware sales and services and even during the worst of the lockdowns apple reported a record june quarter. people were buying more ipads to work from home and watching more apple tv so apple is launching a new ipad in september. one of the forecast for iphone 12 given its delayed. do you want to ask me about amazon? stuart: how is amazon? susan: made record prophet from march till's visit-- june.

costs will be key for amazon and so will holiday shopping forecast. stuart: how about facebook? susan: funny you ask, advertising revenue makes up around 90% of the revenue, so the number of users as you heard zuckerberg yesterday saying 2 billion go to facebook each and every day. we also have googled parent path of what do you think of that? stuart: what do i think? they run a monopoly on searches all i know. susan: when it comes to earning they had a disappointing sales growth. we will see what they said about antitrust as well since the dod filed that case. stuart: they will make a lot of money, so a lot of stuff and do very well, but i don't know about the stock. susan: a lot has been priced in because they have done so well this year compared to everyone else. stuart: thanks. ford just reported a very good i will call a

blowout quarter. lauren, the highlights. lauren: look at that, six and a quarter. sales were 37 and a half billion dollars. they forecast a full-year pretax profit instead of a loss. pickup truck sales are strong. people are spending more money on cars, all good news for the stock. they also just announced their new fully moderate electric version of the cargo van. is the cornerstone of the new ceo jim farley's vision of delivering for business customers so they are investing in technology, investing in business opportunities and producing cars and trucks that americans want to buy. stuart: let's move on to tapestry. kate spade, how is that doing? lauren: at eight and a half percent. they are discounting less meaning their margins are stronger,

their prices were up an average 5% in the quarter. how is this working right now in this environment? they use data, we all talk about data to figure out which customers will pay what four bags and boots and their stocks accordingly. also in china they saw double-digit sales growth. stuart: thank you very much. look at that, now that is a surge of 34%. i presume they had a blowout earnings report. i would call them a pandemic winner. susan: they have been. the stocks as you see says it all from strong revenue comes from prophet in the third quarter. stock price is being rewarded in the company saw an increase in spending from advertisers because they boycotted facebook. remember that? a thousand advertisers left facebook. they say they got some of the advertising dollars shipped it to

them instead. user growth fueled by international users, the international monthly averages impressive up 50% from last year, nearly 343 million visit it each and every month. stuart: astonishing. susan: it was the first to incorporate e-commerce onto their platform so it's like an online scrapbook or q: what i like that piece of linen or dishes and you can buy them so this is a very smart company. stuart: look at that chart. that tells a lot, straight up. how about molson-- with a minute, craft heinz. what you have, up $30 a share, up 1 dollar, three and a half percent. i would call them another winner. they are up 2% pure did they have some kind of surprise in their report, ashley?

ashley: they did. you kind of combined the two companies there at least that's what it was on a prompter but let's begin with rise, a gender-- better-than-expected third-quarter revenue. the company is known for brands such as philadelphia cream cheese to heinz ketchup. sales grew 6%. , its biggest market rising 7.4% on sales and compared to its peers it generated the highest increase in sales over the past 12 weeks at us retail stores. the company raising its full-year forecast. still, if you want to cook in your home may be you were enjoying a beverage or two with shares of molten cores given a boost with a third-quarter adjusted profit. don't think it's just beer, the cubby says expansion of its hard seltzer by over 400% is

expected to be completed by the end of the year and the company says it's busy hard seltzer has risen to make eight on the nielsen top 10 growth branded chart this year, so encouraging use-- news. stuart: top 10 growth brands. i will remember that. how about overstock.com. , up 9%. must have done well. ashley: year to date this stock is up 921%, the latest showed net revenue $732 million. bats an increase of 111% year-over-year on what they call newly acquired retail customers increasing 141% year-over-year. pretty impressive. sales from mobile devices 50% so mobile devices very popular and prominent in overstock

in the company also getting a rosy outlook for the current quarter saying it expects the momentum to continue your days for overstock. stuart: by the way, we have overstock ceo jonathan johnson on this show in the 11:00 a.m. our. quick reminder, tomorrow is friday meaning friday feedback. time to-- did we get the good, the bad and the ugly comic in mel those. we want your questions and comments, your videos tomorrow friday feedback called feedback friday, which ever you what. still to come, larry kudlow with five days to the election. how about this, reporters fail to ask a joe biden any questions less-- any questions about hunter less than 24 hours after his son's former business partner tony bobulinski made those explosive it

claims. here's a graphic for you, prime time news outlets had to zero coverage of tony bobulinski is story. the numbers: interesting story for talk of carlson's show as his interview with tony bobulinski brought in 7.5 million viewers. media reporter joe conchas says he's never seen anything like that. he's on the show next hour. ♪ yeah, that's half the fun of a new house. seeing what people left behind in the attic. well, saving on homeowners insurance with geico's help was pretty fun too. ahhhh, it's a tiny dancer. they left a ton of stuff up here.

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stuart: we have to bring this to your attention pick if you were hoping for a bounce back at the doubt after his 900-point loss yesterday, look elsewhere because at the moment it's down another 200 points. if you add up the loss from monday, tuesday, wednesday and this you are looking at close to come i think, 2000 points down, no bounce

at this stage. now, we are looking at the people at adobe the state look at how much spending we will do in the future and they expect a blowout online holiday shopping season. because some numbers for me? lauren: these numbers are eye-popping as they predict a web sales go up 33% from last year to $189 billion equal to two years growth in one season and get this, it will rise 47% if the parts of the nation are locked down and we happen to get more stimulus so this is implying a few things, first money shipped from in-store to online. they are saying half of the sales made christmas week will be purchased online and picked up in the store because people don't want to risk it if ups or fedex cannot deliver in time. trend two, the smaller stores will see sales more than double beefing

up their websites as they are competing with the larger players and finally trend three, november just call it cyber month with online sales going to surpass $2 billion they say each day for the entire month of november. it makes sense because people are bored stiff sitting at home with little to do and shopping is a pick me up stuart: nicely put, shopping is a pick me up. i think you are right and by the way the markets have come back a bit as we are down 150 on the dow jones and oil is down hurting stocks like chevron which is a dow jones stock. walmart is down. we have opened this morning after 15 minutes with the business more red ink for the dow jones, but we did see a strong gdp growth number coming for the second quarter on an annualized basis, the economy is expanding at 33.1x that -- 33.1%.

brian, how would you characterize that 33.1% annualized growth rate? >> first of all it's huge. the strongest growth we have seen since like 1941, 42 when we were building tanks and airplanes to fight world war ii like crazy so it's one of the strongest quarters of gdp we have ever seen. it's clearly a v shape to rebound from the bottom and right now, we have recovered back to 96 and a half percent of where we were in the fourth quarter when you look at gdp. there is no other way to characterize this. it's all about reopening , and we have exploded higher in gdp. stuart: suppose we reopen some more, november and december and a suppose also that we get a little stimulus, just a little.

do you think we can then get a fourth-quarter growth rate that takes us back to the economy we had a year ago? >> stuart, third-quarter july, august, september, and if you look at september level, which is the kicking off point for the fourth quarter, retail sales excluding autos are up about 5% from where they were. durable goods excluding airplanes are up above where they were in february, so we really have a nice start, housing is up, a really good start and i would argue fourth-quarter will be five or 10%. it's an amazing rebound and it all has to do with reopening. what's interesting is today initial unemployment claims came in at 750,000, 751, the lowest assault far in the pandemic since we shut down and so all the data going into the election shows growth.

recent shutdowns have not had any impact on the economy. we are growing into the fourth quarter. stuart: today's gdp number was a political number and that's a fact. thank you very much. >> thank you. stuart: how about this, spotify standing by joe rogan. there was controversy surrounding some guests on his podcast. who did he have on and what is the problem, susan? susan: alex joan, conspiracy theorist has been removed from other experts-- from other on spotify. spotify is defending the show. we will not ban specific individuals from being guests according to spotify executive. joe rogan was added to spotify september 1 and already the number one show in its english-speaking market outperforming spotify's own expectation and spotify executives may

be standing by but then you have employees and listeners complaining about this specific episode but this is what makes joe rogan popular because he brings on these unconventional not -- unconventional gas. proud boys is the white supremacist group. stuart: don't suppress this stuff just don't do it. can have him on your so, can't see the light of day-- susan: if you are being backed by spotify, sometimes you have to apply rules. stuart: i think you should say stick it, free speech. susan: try doing that on cable. stuart: a third night of unrest in philadelphia. we will have a live report coming up in a couple of minutes. 45 states are now on new york state's quarantine list and the mayor of new york city is warning new yorkers, don't leave for the holidays.

that's not good news for a city trying to recover now is it cracks one day we'll look back and remember the moment that things, for one strange time in our lives, got very quiet. we worried over loved ones, over money, over our planet, and over takeout. let's remember this time when so many struggled to feel secure, and build a future where everyone can. because when the world seems like it's standing still... that's the perfect time for us to change it.

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stuart: have we, the way back or what? we were down 200 and change and now down 41 with the nasdaq up nicely. how about the price of oil? look at that, down 6%. that's not helping the dow jones because you have a oil stocks in the dow 30. their way down and oil is $35 a barrel. show me the energy stocks. chevron down. exxon $31 a share. healthcare, how about a look at that. all on the downside. philadelphia, a third night of unrest following the police shooting of an unarmed black man-- armed black man. we are in philadelphia right now. leland, what is this about that police found a parked van loaded with explosives? reporter: our local affiliates as the van is likely linked to the dozens of atm explosions

around the city of philadelphia over the past few days. it appears as though people are using explosives to try to blow atms to get to the crack-- cash. may have been less than successful, but the bomb squad was called out to look at the van and we have not heard much more from police in terms of who they think is behind this. overnight you could say it was alluding, really to store break-ins. rite aid pharmacy, a little more just a smashing through. you don't see stuff strewn about and police were here right away to arrest those folks and same with lord and taylor. there was a bit of protesting going on amid heavy police presence. the police superintendent commissioner talked about how her officers had taken a beating over the past couple of days, 53 officers injured and about 170 plus arrests,

stuart. stuart: got it. thank you. big show coming up here we have cortez, elizabeth mcdonald and yes larry kudlow with five days from the election i have never seen such a stark difference between two candidates. their vision is radically different. hear about it in my take , which is next. ♪ get real-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions. fidelity. . . - the world is in turmoil. been turned on it's head. of a possible recession..

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♪. ♪ i feel good, i knew that i would now snowed. stuart: great line there, i feel good. we'll be happy to pay, i guess, as soon as you hear those words, i feel good, it makes you feel good. i do feel good this thursday morning. it's a payday. let's turn to this. the dow turned positive. 20 minutes ago we were down 200. now we're down seven. we just flipped to the negative. look at nasdaq, up 1%. a real good reading on gdp earlier this morning. the economy advanced, grew at annualized rate at 33.1%, that is july through september. a remarkable rate. on your screens, larry kudlow will tell us about the fourth quarter. he is on the show in the next hour. also big tech, take a look at this, they all took a hit yesterday. remember that the ceo's of

facebook, google and twitter, they were being grilled on capitol hill about alleged political bias. all of the stocks of big tech were down yesterday. all of them are up today, because, amazon, apple, alphabet, facebook, and they all report, give us all their numbers at 4:00 eastern time this afternoon. that is a very big deal. so is this. the real estate market, doing extremely well and we've just got numbers on, pending home sales. susan: a breather in september. so down around 2.2% from august. month on month a bit of steam coming out down 2.2%, but, from a year ago, explosive. you're still up 20% from sent of 2019. stuart: that is the number. if you compare year on year you know how you're doing. month over month doesn't mean much. susan: record pace in august. coming off of a record. stuart: i will read that as very positive -- susan: very. stuart: i'm looking for record

low mortgage rates. since it is 10:01 eastern on a thursday, ashley will give me the number. ashley: they have been a record low for quite some time. 2.81%, down a whopping .1, from .01. it was 2.80 last week. 2.81 this week. strong performance and purchase demand i should say is helping the overall economy especially for new homes. which is helping all sorts of sectors of the economy. refi business still very strong at these low levels as people decide, yep, i will refinance and lower my monthly payment. stuart: it's a strong real estate market any way you slice it. thanks, ash. normally we talk to our next guest, jason katz about the stock market. but i will turn that around. i want him to talk about real estate as and all term tiff investment to stocks.

jason katz joins us right know. how about that, jason, are you seeing any of that. you manage money of people. that is it what you do. are they shifting a little out of stocks into real estate? >> to some extent they are. look, stuart, rates are effectively zero, right? mortgage rates are at record lows. and we have paltry return on fixed income. you know, there is a negative real rate in buying long duration bonds. of course equities are really volatile here. so real estate for many people make up the vast majority of their net worth and so i'm not saying to abandon stocks. frankly we're constructive in the intermediate term on equities but real estate should be a part of your asset allocation. you said it before, people are working from home. they're not out and about as much. the home has become the central hub. it is not just about your home. there are other aspects of real estate as an investor you need to look at. it is not traditional real estate. what about data centers, cell

phone towers reits? industrial reits where you don't have to be close to one another? social distancing can occur. we would avoid malls. we would avoid hospitality type of real estate, long store short, yes, we're seeing money flow towards real estate. stuart: if you come down the wealth scale, i know you look at very wealthy people who go into that kind of big commercial real estate operation, but if you come down the wealth scale and look at ordinary people i think a lot are taking money out of the stock market, they have done very well, sticking it into a single-family home. maybe as a second home. maybe as a work from homeplace. i think that is what they're doing. i certainly see that in various markets around the country? >> anecdotally i will share with you that is precisely what is happening with the people i work with. they're not leaving equities en masse. they're just weighing options. do i buy a 10-year treasury at

.7 some odd%? do i get long additional equities with covid cases on the rise, potential relockdown? with an election, all uncertainty goes along with it? so real estate has, should be an important asset class regardless of your station in life net worthwise. stuart: got it. jason, always a pleasure. thank you very much. by the way the market turned around literally 20 minutes ago. we have the dow down 200. now we're up 50 points on the dow industrials. 26,559. we'll take it. now this. a presidential candidate has to sell a vision of america's future. you got to tell the voters how the country will look and feel with you in the oval office. i can't remember a election where there is a stark difference. i put it like this, trump is positive, biden is negative.

that is not simplistic, the way two candidates come across in my opinion. we've seen the president eagerly dismissing covid, we turned economy, he says, open the economy, cut taxes again, cut red tape again, more peace deals in the middle east, a vaccine at warp speed. now you may not believe that he will take us to this promised land but there is no doubt that's where he wants to take us. joe biden goes the other way. he talks lockdown. he talks tax hikes. he is for killing whole industries. let's be honest, the man lacks energy. you can't fire people up about a glorious future if you're reading from a teleprompter in your basement. truth is, he is hiding. his handlers are keeping him under wraps because the future he sees is heavily influenced by the socialists and they're angry, trust me, socialists are always angry. their vision is dark. only one election in recent memory had such a contrast in

vision. trump versus clinton four years ago. back then hillary called 60 million americans deplorables and talked of killing the coal industry. she lost. trump talked tax cuts and prosperity and he won. now, it is trump versus biden. deja vu all over again? that is a joke. putting up on the your screens, candidate schedule for today. trump and biden battling out in florida. dueling rally in tampa. who draws the biggest crowd he askses. the latest polling from "real clear politics" shows them a dead-heat, 48-48 in florida. steve cortez with the trump campaign joins us now. steve what will give trump the win, the edge in florida, takes him to a win, florida? >> it will be the economy, stuart. we got amazing news out today on gdp. here at trump campaign headquarters we were doing chest bumping. it is not just good news for us,

it is great news for america most importantly. america is a fighter. look we took a cheap shot a fierce cheap shot from the chinese communist party from the virus. we were wobbly for a bit. that is understandable. the economy roars ahead with a massive 33% gdp number, by far the largest in all of history. it is relevance to the campaign is this. this pertains what you were talking about in your opening segment, stuart. this election in many ways, particularly economically show, shapes up as trump's morning in america versus biden's quote, dark winter. that stark choice is the value proposition for the american people. donald trump is the prosperity president. the man, the leader who built the first trump boom that produced the best income gains in all of u.s. history by a mile in 2019. it is not enough to rest on what is done in the past. he is doing it again right now in the gdp numbers are proof positive of that acceleration in

this country. stuart: steve, yesterday in arizona mr. trump revealed an american dream plan for hispanics. he has been gaining among hispanics. what is this, this dream for hispanics? you're of hispanic heritage yourself i think. explain. >> yes, sir. listen, it is important to me, it is important to the country that hispanics are doing really, really well. by the way i mentioned the biggest income gains ever in 20 fit for all of america. hispanics even outpaced the fabulous pace for everybody. blue-collar workers did far better than the overall average. we as campaign, president trump as president we reached out to hispanics in waives that are significant and respectful. i would contrast with joe biden. his out look is going to florida to play "despacito" in a cringing moment. for example, we hispanics are statistically by far the most entrepreneurial demographic in america.

well this president has been fantastic for start-ups. he is a entrepreneur himself. he understands conditions that allow startups to succeed, particularly regulatory relief which has been massive. we're benefiting among hispanics frankly what our opponents are doing. the 2020 democratic party lurched so far to the left it left a lot of latinos behind effectively political orphans. we hispanics tend to be conservative people, culturally, religiously, those kind of people, hispanics no longer find a home in the radical left democratic party of 2020. stuart: steve, got to go. thanks as always for joining us see you again soon. >> thanks, stuart. stuart: i want to the got latest on tropical storm zeta. it is plowing through the southeast. ashley, is it affecting early voting in florida? ashley: yes it has. three counties affected in question are along florida's

panhandle. escambia, okaloosa, santa rosa. right there. the storm came to the west of those counties. these are all republican strongholds. president trump easily won in 2016. early voting sites closed yesterday afternoon. it is hoped they can reopen sometime today, depending on the damage caused by hurricane zeta. the shortened voting hours come less than a week before election day as millions of votes are being cast in this swing state. but it is not the region's first time dealing with a hurricane during election season. in 2018 hurricane michael which reached category 5 strength hammered the florida panhandle a month before election day, but voters still turned out in large numbers. i suspect that will be the case here. very much a strong hold for the republican party in this part of florida. stu? stuart: people really want to vote this time around. i think there will be an absolute record in total turnout.

got it. ash, thanks very much. coming up, yes, tell you again, larry kudlow. lots to go at him. we go to him for i should say. gdp numbers, virus, stimulus. we got it all with larry kudlow. senator ted cruz really went after twitter ceo dorsey after the censoring of that bombshell "new york post" report on hunter biden. you got to watch this it is real good. roll it. >> mr. dorsey, who the hell elected you and put you in charge of what the media are allowed to report and what the american people are allowed to hear? stuart: that was the highlight of the hearings yesterday? here is the cover of the "new york post" today, they call it blackmail. right across the front, front of the paper. blackmail. more on that next. ♪.

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stuart: all right. where are we now? it is 10:16 eastern time. we're on the air, market open 45 minutes. we've been all over the place. down 200. up 16. nasdaq up almost 1%. spotify, premium subscriber numbers up 27%. that is big increase. they came up short on sales and earnings. that hurts you. down 6.96%. spotify back to 251. big tech reports after the closing bell today, what i want to know, this is an interesting point here, how has big tech done under president trump? susan: incredible the last four years for the five big ones, the most valuable tech companies in the u.s., essentially some in

the world. apple, amazon, facebook being google, alphabet, microsoft, outperforming under trump. despite the frequent shun during those four years with d.c. lawmakers when it comes to privacy and antitrust, amazon the best performer as a bunch. almost quadrupling in value since president trump took office in january 2017. apple right behind, rallying 272% the last four years not bad. microsoft up 22%. facebook more than doubling. alphabet google almost doubling, higher by 83%. we have had lower business taxes from 35 to 21%. that is why you've seen the stock market explosion in the stock prices we're talking about. simmering trade war with china didn't have an impact, did it? stuart: no. susan: tighter immigration controls. people were concerned this talent, pool of engineering talent would be affected. not the case. stuart: forget the companies are

not fly-by-nights. they are not dot-coms that go to the moon. they are enormous tropical storm. >> trillion dollars. stuart: enormous market share, plowing into new market areas, guiding into the new economy. they're not fly-by-night dot-coms by any means. susan: long term market. stuart: susan, thank you. still on tech, listen to this exchange between jack dorsey and senator ted cruz. roll tape. >> our team made a fast decision. the enforcement action however, blocking urls both in tweets and in dm, in direct messages, we believe was incorrect and we changed it. >> you're still blocking their post. you're still blocking their post. right now today, you're blocking their posts. >> we're not blocking the posts. anyone can tweet. stuart: there is argument right there. by the way the post, the "new york post" editorial board fired back with this front cover this morning, blackmail. block capitals all across the front.

carol mark ovitz with us, a columnist with the "new york post." straighten this out, carol, is the post still blocked? >> yes, they are. the "new york post" twitter account remains blocked to this day and no, they cannot tweet anything from that account. and the reason given by dorsey yesterday was that the post, all it has to do is submit and go into their account and delete the tweet that is now allowed because it wasn't allowed then. and then they will be able to use their account. i think that kind of thing, admission of guilt or no guilt exists is very totalitarian. i think the idea that the post submit to the will of twitter is something that the post is just not willing to do. stuart: carol, i have never seen the suppression of a major story like this by the media before. i have never seen this before. we have the "washington post," what is their slogan, democracy dies in darkness, for heaven's sake, what are they doing about

this. >> not a single other outlet, none of the other liberal outlets are speaking up at all. they're completely ignoring this. they want it to go away. they have taken the side of twitter. what they have done they say we support joe biden. we want him to win. we want the story to go away. the fact the story is out there might hurt our candidate joe biden. they don't want to speak up about it. stuart: they're actually winning, because you scan the network news at night, you scan newspapers this morning. you don't see the story. we have five days to the election. they have prevented us seeing the story and passing judgment on the biden family five days before an election. i have never seen anything like this before. and i don't think we can do much about it in the five-days left before the election. apart from which 73 million people have already voted. >> right. yeah. but joke is on them, the more suppress a story like the more people want to hear about it. they want to see what is in the

story that i'm noll allowed to read, i'm not supposed to read. obviously fox news covers it. fox gets way more viewers than the other networks. there is a bright side to this, to completely backfired on them and now that story is a huge story. stuart: well thanks very much for bringing it to us, carol markovitz. this should see the light of day. democracy dies in darkness. let's see the light. carol, thanks very much indeed. mark zuckerberg claims he was unaware a former biden staffer was on the election integrity team. i want to hear more about this one, lauren. lauren: came as senators are driving for nor diversity in the ranks. listen to this exhcange, republican senator thune questioning facebook's mark zuckerberg. >> my understanding is that the person that is in charge of election integrity and security

at facebook is a former joe biden staffer. is there someone that is closely associated with president trump who is in the same sort of election integrity role at facebook? >> i'm not aware of example you say, someone in charge of the process worked for biden in the past. we'll follow up on that. lauren: not aware. well that employee did serve as a political advisor for europe to joe biden. why is this relevant? if you're in the biden camp, you likely support widespread mail-in voting. facebook is penalizing any post that questions integrity of mail-in ballots. second, we did the "new york post" story. facebook throttling the post reporting on hunter biden. can you continue to say the algorithms are making these decisions or employees that you're hiring with clear political affiliation? stuart: it is people you hire

with clear political affiliation in my personal opinion. i think you made the case. lauren: there you go. stuart: there you go. thanks, lauren. oh, i'm seeing tiktok rising own the prompter here. the parent of bytedance suing one of their big rivals trillo. why should i care? susan: you should care tiktok might survive the administration after the election. okay, this is a lucrative company, right? it is worth, 10, 15, 20, $30 billion but they're now countersuing is business is at threat. triller which is similar sued first. they accusing tiktok stealing their patents. tiktok says they're not infringing, not liable, not paying out any damages. tiktok is more popular. down lloyded 2 billion times. 100 million monthly active in the u.s. triller says they have 100 million monthly users as

well. former employees cast out on the specific numbers. it would be very interesting a day after the elections on november 4th to hear from the judge which will decide tiktok can continue to here in the u.s. stuart: my grandchildren were glued to the story about tiktok. susan: there you go. not your demographic. how much about that? stuart: all right. all right. listen to this one, tucker carlson's interview with tony bobulinski tuesday night drew over seven 1/2 million viewers. media guy joe concha, says he never has seen a cable news number like that. what does it tell you about interest in the story and the election? we'll talk about that in a minute. third quarter gdp, annualized growth rate, a whopping 33.1%. how much would we have grown with no lockdowns and no restrictions? peter morici will answer the question next. ♪ derriere discomfort.

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stuart: one hour into the trading session this thursday morning and where are we? talk about a turnaround? now we're up 90 for the dow.

look at the nasdaq, up 133. that is one 1/4%. now look at ford. i think the stock is all the way up at $8 per share. why? terrific quarter. revenue up about half billion dollars. big bucks coming in from the sale of big gas-guzzling trucks. now you know. ford is at 8:$12 a share. look at carmax, auto retailers. will hire 3500 full-time employees. tell you earlier in the year they let go 15,000 workers because of the virus. they're back up just a tad. tesla, gm, putting on the screen both at the same time. both there. there is a new study on who -- which company has the best autopilot system and susan will tell us. susan: "consumer reports" says -- stuart: tesla. >> wrong. general motors. gm comes out on top. in fact they say tesla is a distant second which might be a

hit to elon musk's ego. second time gm topped this list. consumer reports giving super cruise auto driving system on cadillac sedan than higher tesla on model y. ford came in third. audi fourth. the question, why is gm better. says a driver facing infrared cameras with inattentiveness is the key. that people are awake and ready to drive just in case. premaped roads better integrated into the on board sensors. radars and cameras, that allows the car to better drive itself on pre-mapped roading. does that make sense? stuart: yes. they're saying gm's autopilot keeps me away. susan: they are censoring, sensitive whether or not you are awake which is important for safety. stuart: yes i agree. susan: you should also check out tesla's stock, it actually rallied when advance of self-driving technology and battery tech. this might be a bit of a

bruising. stuart: gm, $35 a share. 3 1/2% up. not bad for gm. now do we have a rebound in the whole auto industry? i ask that question to ashley because i think he has got an answer. ashley: yes, there is a rebound, stu. car buyers are paying record prices as well for new wheels with dealers citing strong demand for luxury vehicles and high-end pickup trucks. the pace of new vehicle sales over the past few months has rebounded, get this, to levels seen before the crisis even though choices are pretty limited because after tight inventorry. fiat chrysler record operating profits for 2.billion for the third quarter, remarkable when you consider the automaker posted a billion dollar net loss in the second quarter. ford, as you mentioned also reporting a strong third quarter, reporting a global pretax profit margin of 9.7%. that is the highest mark in five years. and gm, by the way, will report

next week and is expected to bounce back to those pre-pandemic levels. despite all the good cheer auto stocks fell yesterday although they are hire today, because of concerns that a second wave of the virus could result again in some factory closures. let's hope it doesn't come to that. but these stocks are sensitive to those types of headlines. stuart: yes, they are. ash, thank you very much. back to the gdp number. the economy grew at an annualized rate of 33.1% in the third quarter. peter morici joins us right now. peter, forget the third quarter for a second. i want you to look to the fourth quarter which we're now in. i want you to speculate for me. supposing the economy really opened up and suppose we got a little stimulus albeit after the election but we got stimulus. what would fourth quarter growth looked like if we got stimulus and if we opened the economy? >> if we got two things in the stimulus package, $500 billion for the state and local

governments to make up for revenue shortfalls and we got some extended unemployment benefits because a lot of people are structurally unemployed, so they could spend money, we could see 10, 15% growth in the fourth quarter, instead of six, eight, 10% a lot of people are forecasting. overall in the first quarter of next year the economy would still be a little smaller but we would be looking at some very substantial gains in profits in the first half of next year which would boost the stock market. stuart: so, we would have a more vigorous recovery and a strong stock market if we got some more opening up by the states of our economy here and if we got a little stimulus package? that would be good news for everybody, right? i will leave it at that? >> absolutely. it would be great news for the market because the fourth quarter is really the quarter of peril. stuart: yeah. >> once we get into the first quarter of next year we'll be rolling out a vaccine. in the second quarter fact set

has profits rising 40, 50%. so my feeling if we look at the recent highs in the market, we have a potential for an upside gain of 20 to 25%. stuart: whoa. you got my attention right there. >> i wrote that in an op-ed about a week or so ago, that the market really would have a substantial gain in the second quarter. and i stand by it. i'm not saying be a long run investor. be a median-run investor. don't get rattled what is going on with the election. stuart: on this, europe locking down again, draconian restrictions placed in germany, france, et cetera, et cetera. does this give us, we, in america an opportunity to leap even further ahead of them if we resist the temptation to go for more lockdowns? >> yes. whenever we have a crisis one of the things become apparent how asfied the european economy is, how slow they are to act

especially the level of the eu they're still negotiating how to spend the $750 billion in stimulus money. by the time it arrives it will be time for the next earthquake or something. maybe the next ice age. they will have new snowplows for the next ice ladies and gentlemen in italy. stuart: europe is museum. that is why i left. peter, thanks for joining us. we'll see you real soon. >> take care. stuart: the disinfectant makers on the screen please, because there is a question here. lauren, i can hear her in my ear. lauren is preparing to answer this. are we stockpiling disinfectants all over again? >> yeah. toilet paper. i'm prepared to tell all of this all over again. we have another spike in infections on our hands. what are americans doing? they're going out to the store, buying a lot of tp. the most popular commodity, essential. this survey shows 2/3 of people are hoarding it along with hand

sanitizer, disinfectant wipes, canned goods, paper towels. what is interesting, i go food shopping all the time. many much these items have been consistently hard to find since march f you can find them, there is usually a sign only one per customer. so we've been dealing with this for a while. it is about to get worse. look, the bulk buy something good for companies. you're looking at stock prices. maker of lysol raised prices. clorox, proctor & gamble, johnson & johnson, bounty paper towels, reported the biggest worldwide sales increase in 15 years. clorox up today, up 37% this year. stuart: you mentioned lysol. that is the disinfectant used un britain when way as lad. lysol. distinctive smell. lauren: the smell. especially when you lysol the whole house it is like a hospital. stuart: that is exactly right,

lauren. thank you. the mayor of new york city bill de blasio warns new yorkers not to leave for the holidays. elizabeth macdonald is born and raised new yorker. she is fired up about that. you will hear her. "varney & company" rolls on. ♪ our retirement plan with voya gives us confidence. they help us with achievable steps along the way... ...so we can spend a bit today, knowing we're prepared for tomorrow. wow dad, do you think you overdid it maybe? i don't think so... what do you think, peanut? nope! honey, do you think we overdid it? overdid what? see? we don't think so, son. technically, grandparents can't overdo it.

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stuart: big smiles, ladies and gentlemen. look at that, what a turnaround! in the has 45 minutes we've seen a turnaround of approximately 350 points. we were down well over 200. now we're up 150. the nasdaq is doing well, up 127 points. that is a pretty good bounceback from yesterday's big selloff. how about the price of oil? i think it is down to 35 bucks a barrel. yes it is down 4%. it suggests lower gasoline prices in the future.

i'm waiting. the price of gold you would think it would be up. it is not. it dropped below $1900 an ounce, 1876. you would think it's a flight to safety. it is not. down today, down another three bucks. >> >> i want to get the latest out of philadelphia. the city had imposed a curfew after violent protests broke out over police shooting of a black man. lauren, i knew the curfew has been lifted. what do we have there? lauren: it lifts at 6:00 in the morning. it was in place at 9:00 last night. look at scenes you're watching. successive nights of protest, riots, looting, in the fatal shooting a black man carrying a knife. 200 businesses ransacked. atms blown up. they found a van carrying explosives. at least 50 police officers are injured. the national guard is mobilized.

they should arrive tomorrow. the white house is standing ready to send federal help if requested. they stand with law enforcement. stuart, days before the election. that is expected to be contentious in some cities. there are growing fears after bleeding together of racial injustice, law and order type issues and election issues. and it could may out together on city streets as it is now in philadelphia. stuart: yes indeed. exactly right, lauren. i want to bring in charles hurt. back with us again. it's a close race in pennsylvania. we know that do you think the events in philadelphia will really affect the vote and affect voters? >> without any doubt, stuart. you have, throughout this election we have this clear contrast between two candidates who could not be more different. nowhere do we see that more clearly with issues of law and order. you have a candidate like president trump standing up for the most basic stuff, that used

to be all politicians would stand up, law, order, justice. then you have the biden campaign and let's give them kudos. they're at least condemning the violence and looting now which took them an entire summer to condemn before this. even now, in the statement that the vice president put out, he never said anything about the fact that the person who was gunned down by police was carrying a deadly weapon, and he talked about the family and my heart goes out to the family. absolutely. it's a tragic situation but, you still have police in this impossible situation. and if our political leaders who make the laws that police officers are forced to enforce, if you don't have their back, man, i can't think after clearer political issue. stuart: i agree entirely. it should be considered fully. now what about the supreme court? they are allowing mail-in ballots in pennsylvania and north carolina to be counted after election day.

to me, that just guaranties chaos, doesn't it? >> it absolutely does. especially when you think about the fact that you have politicians in the arena today, who are literally willing to take up any cause if they view it as something that advances their own political agenda or their own political prospects. if you -- now we're going to open up an election to counting ballots, 10, 12, days after election day? that is no longer an election. that is something else. and it is a really terrifying prospect. and you know, i think, all americans should hope that, that this election on tuesday is overwhelming enough that we're not sitting around counting ballots a week later or 10 days or 12 days later. stuart: charlie, charles, sorry, i'm not sure -- >> call me anything. stuart: no, no. not do that. what do you think, do you think it will be a runaway victory on one side or the other?

>> i'm, i'm genuinely concerned about it. the big difference between today and four years ago is, is today they know donald trump can win and democrats will stop at absolutely nothing. i mean just look at the pandemic. they have blamed the pandemic on president trump which is insane but they view that as an opportunity to score political points and it has no business in the political realm. but this is what they're willing to do. they will stop at nothing to destroy this man. stuart: with the media on their side too. >> yes. stuart: charles, i don't know where you've been recently, you've been a stranger to us, but don't be a stranger again young man. >> good to be back with you. stuart: you got it, charles. another postal worker charged with trashing ballots. tell me more, ashley. ashley: disturbing is it not. a postal service employee in kentucky is facing federal charges after mail ballots were

dumped in the trash in kentucky. not a first time we've seen something like that. similar cases were reported in the key battleground state of pennsylvania over the past two weeks. two separate cases. ballot dropboxes are set on fire recently in boston and outside of l.a. we know a record number of voters are casting their ballots by mail this year. this week postal workers were told to get ready to work late. to perform extra trips to increase on-time deliveries. but right now the postal service is also in a legal battle with the police union after it pulled daily patrols designed to prevent robberies of blue collection boxes and mail vehicles as well as provide mail carriers escorts in some neighborhoods. a rep for the postal police officers association, mail theft and assaults on carriers have jumped nearly 600%. that is disturbing. stuart: i will say. you got that right, ash. thanks very much.

quick reminder tomorrow is friday of course. send in your feedback including the good,ed bad ugly, why not. email, facebook. it is "friday feedback". not feedback friday. doesn't really matter but it is tomorrow. you have another take on me with the media colluding with joe biden to suppress the hunter biden, joe biden, money story. plus media guy joe concha. there is a whole lot more "varney" still to come. ♪. ♪ you can go your own way

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stuart: on search your screens, ladies and gentlemen. because on that screen you can seep how the prime time news outlets had zero coverage of the tony bobulinski story. hold on a moment. tucker carlson's exclusive interview with that man, tony bobulinski, brought in 7 1/2 million viewers, extraordinary number. joe concha is here, media reporter for "the hill." joe, i have never seen anything like this. that story, five days before an election, has been totally suppressed. i don't think it will play a

role in the election and it should play a role but it won't. >> it's a three-headed monster, stuart. think about this, democrats say this isn't a story, nothing to see here. social media suppresses story. even locks the "new york post" out of twitter account to have audacity to. day 15, major publication, oldest publication has been locked out of twitter account. number for tucker carlson, 7.5 million. put it in context. that is four times the audience cnn got last night for their regular programing. i never seen a number outside of a debate, town hall, some big event. there is clearly interest here. not just from conservatives. you bring in a number like that, that means there were general interest what tony bobulinski has to say. let me share from the conservative media research center. they found on the evening newscasts last month, 92% of stories about the president were negative, while 66% about

joe biden were positive. that is 158-point difference. that is what we're seeing here. bottom line, stuart, joe biden isn't being asked questions about big issues, big issues you cover on the show every day, trade, education, gun policy, foreign policy, automation, law enforcement or the biggest question which is around his tax hike which it will be. if you repeal the trump tax cut, that means taxes for the middle class will go up where they are now. how do you say you will not raise taxes on people that make below $400,000? he is never asked that question. instead he gets the softballs like t-balls except when you put a beach ball on the t-ball, stuart. stuart: yesterday biden did appear. the media was there. he answered two questions. i think they were relatively softball questions. and then as a fox reporter was saying, mr. vice president, mr. vice president -- he just boom, he is gone. no answer. did not answer those questions. i have never seen anything like this before.

i repeat, never before have i seen this. >> the questions that joe biden primarily gets is on president trump. hey, define your opponents, he is bad, how bad? that is softball. two questions he was asked, looting in philadelphia. that is an easy one, that obama care that is easy one. we're not getting hard questions five days from an election. stuart: can concha, thanks for joining us. there is the wave. big show to come. elizabeth macdonald, larry kudlow, trump 2020 guy tim murtagh all on the show in the next hour. new projects means new project managers.

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he got paid before his neighbor even got started. because doing right by our members, that's what's right. usaa. what you're made of, we're made for. ♪ usaa >> this is the biggest. the biggest in the history of our country. it's a choice between a trump boom and a biden lockdown. >> so this is one of the strongest quarters of gdp we've ever seen. it is clearly a v-shaped rebound from the bottom. >> but america fights back. we steadied ourselves, and now this economy roars ahead. >> i think if we get an announcement immediately after the election, we start getting those dollars into the pockets of the american people, welcome e certainly save the fourth quarter. >> we can get growth in excess of 5% in the fourth quarter. >> i think coronavirus is going to give way to some really good big tech earnings that we're going to hear this afternoon. ♪

♪ if you start me up i'll never stop ♪ stuart: why don't you play a little rolling stones? start me up. a good way to start off the third hour of this fine, fine program. it's 11:00 eastern time, five days until the presidential election. we've got an important political number this morning. gdp, the last reading on it before the election, an asson inningly -- astonishingly strong growth rate, 33.1% annualized in the july to september quarter. strong stuff and, yes, i'll tell you again, we like to tell you about this, larry kudlow will be on the show later talking about growth. of dan henninger's on the show, overstock ceo, trump 2020 guy, tim murtaugh, all in this hour. we're up 85 points. we've of been all over the place so far this morning. what we have is a very modest bounce after yesterday's big selloff.

now this. tonight's the night. four of the world's most valuable and most important companies will tell us how they are doing. apple, amazon, google, facebook. they report their sales and profits in a jam-packed one-hour data dump between 4 and 5 p.m. eastern. they usually spread these over a few days, but this time around it's all coming at you at once. there is a lot at stalk. these are the most -- at stalk. these are the most widely held stocks in the world. almost everyone with money in the market has a piece of this action, and you've done remarkably well. here's a word of caution though. all these four stocks are well off their highs. they've come down from the levels that they hit just a few months ago. they had a terrific run that went on for years but, question, is it now over? i don't know. i can't answer that question. a lot of tv pundits have egg on their face because they missed the trump rally.

i'm not going to forecast big tech or the market, but you can't ignore the importance of the reports we're going to see tonight. apple, amazon, google, facebook, along with microsoft which reported two days ago, they represent our future technology-dominated economy. we've pumped trillions of dollars into these companies. they are global tech champions, and tonight we get the report card. i don't cower what the analysts expect, the stock price will no doubt jerk around as they beat or miss wall street expectations. i care about their profit and sales. i care about them moving into and revitalizing new industries. i want them to keep their technological edge. i want them to show how far the europeans are behind. i want them to meet china's technology challenge. yes, it is important. watch fox business at 4 p.m. eastern. the third hour of "varney & company" is about to begin. ♪ ♪

stuart: a little argument here with susan. i'll say it again -- [laughter] those big tech earnings are extremely important. okay, so, susan, can you tell us briefly and to the point what you're looking for? >> i'll be -- yes, huge numbers that we're expecting later on today. i'm hoping they will spread out these earn this is -- earnings in the future. so, look, we're looking for a lot in these numbers because they did so well during the worst of covid. let's start with apple, the largest company on the planet. hardware sales numbers will be i i -- will be key. apple reported a record june quarter because people were buying more ipads and mac z to work -- macs to work from home. apple music, apple care and also the new watch and the ipad that they launched in september, how explosive are wearables and

will they continue to grow. and one of the forecasts, by the way, for the iphone 12 given its delay. now amazon, we're looking for cloud and retail. that's the key here. amazon making record profits from march to june, and what about costs to keep everybody safe and to hire more people. andal some fore californias, hopefully, for the holiday shopping period -- forecasts. facebook, 90% of their total sales, you heard zuckerberg talking about 2 billion using their platform every day, user number and engagement will be key. google, we'll see what antitrust might mean for their bottom line. stuart: all right. you got all of that into about 90 seconds which wasn't bad. >> i thought it was put good. [laughter] stuart: let's get the latest on the virus. some european countries announcing new, and i call them draconian restrictions. finish tell me all about it, ashley. >> not as draconian as earlier

this year, but still not great. people in france will only be allowed to leave home for essential work or medical reasons. president marrone says the president -- macron says the country risks being overwhelmed by a second wave that, no doubt, will be harder than the first. in france covid daily deaths are at the highest numbers since april. germany imposing a less severe lockdown, new measures will come into force on monday. they do include the closure of restaurants, bars, gyms and theaters. in italy, new restrictions already in place for the next month where bars and restaurants have been forced to cut their operating hours while, again, judgements, swimming pools, theaters and cinemas are closed in italy. spain began its nationwide curfew four days ago after the government declared a new state of emergency. people in all regions have to stay home between 11 p.m. and 6 a.m. and in the u.k., 24,700 new

cases reported just yesterday, 310 new deaths. pressure is growing on boris johnson's government to change its policy from a regional approach. but clearly, as we look at these countries across europe, they're heading in the wrong direction, let's put it that way. stuart: i got that. all right, thanks, ashley. i want to talk about outdoor dining. now new york city is encouraging outdoor shopping. winter is coming. lauren, explain outdoor shopping to me? >> yeah. so it's similar to, you know, you let the restaurants move their tables outside where the virus is less transmissable, and the holiday shopping season is here, so mayor de blasio is allowing retailers to apply for a permit so they can sell their item on the street or on the sidewalk. it's the open storefronts initiative. it's a last ditch effort to save many businesses hurt by these stay-at of home order by mayor

your de blasio who's urging new yorkers not to travel out of state for thanksgiving. i'm not sure how you police e that in the tristate lawyer, but that's what they're calling for. we also is have winter upon us. are you going to eat food and go shopping outside? the. stuart: i don't think so. i think -- >> seems uncomfortable. stuart: absolutely, it does. i'm not going to eat a salad when it's 33 degrees and i'm out there shivering. t just not going to happen. and i don't care if you put heaters on the sidewalk. i'm not doing that. >> youred food will get cold too. stuart: exactly. lauren, thank you very much, indeed. staying in new york, there are now 41 statements on new york state's restricted travel list. that means you come from any of these states, you've got to stay in quarantine for two weeks. look who's here, elizabeth macdonald, host of "the evening edit." with rules like this, how on earth new york state going to recover? >> yeah. because that's the issue. new thrives on tourism and

culture, and now we have mayor de blasio saying, you know, don't travel for thanksgiving. the question for that is critics are saying then why did your spokesman say on october 12th that you, bull de blasio -- bill de blasio, were out of state visiting family? this happens when they make edicts like this, these are advisories, they're not regulations. people say what were you doing personally to abide by your own lockdown approvals? so we with don't have thanksgiving, we don't have halloween with, we don't have christmas, that's the complaint from new yorkers when you listen to these advisories. again, we don't need their permission, critics are saying, to travel. we understand, new yorkers understand, and people understand covid-19 is really serious. you've got to be careful. it's really, really lethal and dangerous. but the question is if top-down negativity, one critic says do you make up every morning and ask yourself how can i make myself unpopular today? [laughter]

that's what people are saying about, you know, bill de blasio. and even governor cuomo is saying don't do family gatherings for thanksgiving. you know what i mean? it just feels really down beat when we need more upbeat stuff. feels grim, yeah. stuart: absolutely. it's a grim future that's being thrown at us and forced on us, actually. liz, i watch your show, and i know that you want to talk about hunter biden. s this is a very important story, and very -- because, essentially, i think it's been suppressed. five days til the election, and here we have this major league scandal, and most people don't know about it because the media won't report it. is it going to have any impact on the election? >> we're already hearing in focus groups that some undecided voters are saying, yes. and what we're doing, you know, our team is we're digging into senate reports on this, government documents, bank wire transfers, treasury documents. so this clearly is not russian

disinformation. we're seeing, you know, wire transfers, stuart, involving hunter biden and his partnership in that joint venture into shell operations, things that, you know, the shells handle the wife of the former mayor of moscow, that was an intake into a shell. we're seeing, you know, bank accounts connected to that. you know, $100,000 plus global shopping spree for james biden and his wife. that money came in through a shell. millions of dollars traveling through shell units that are off the balance sheets, off the books, into hunter biden and his brother james biden's operations. so, you know, a car was paid for by a kazakh oligarch for, you know, hunter bidens' business partner, $142,000 went through a shell there. millions of dollars through shell operations going into hunter biden's law firm. so when you hear, you know, james biden talk about, quote, plausible deniability, we're talking to legal experts and federal prosecutors who are

saying this is where a special counsel could dig into. not saying that's going to happen, but they could start looking into the nexus between the heavy, heavy, dramatic use of shell operations to handle these wire transfers from overseas. not just china, we're also talking kazahkstan and it looks like russia as well. so, you know, people keep saying that biden's tax returns are clean, we get that, but it's really about burying the information in these off-balance sheet shell operations, stuart. stuart: get the word out there, liz, on your show, "the evening edit," 6 p.m. and i know tonight you've got a special guest, donald trump jr. that's an important show tonight. thanks, liz, so you later. >> sure. stuart: we've still got a big show to come. dan henninger is on the show. he says joe biden's being used as a trojan horse for progressives. get into that with him. plus, president trump and joe biden are both in florida today where it's a dead heat in the polls. live report from the campaign

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♪ stuart: all right. we've been open for almost two hours, and we've got a 100-point gain for the dow and 150-point gain for the nasdaq. that is a rebound of sorts from yesterday's big selloff. this news just coming at us just moments ago, twitter has suspended mark morgan's account. now, he is the customs and border protection commissioner. high-level guy. why the suspension? >> it goes back to this one

tweet that he posted celebrating the success of the new wall where it says that for every mile helps us stop gang members, murderers, sexual predators and drugs from entering our country. twitter said they took account of it it's the peaceful conduct in their view, you're threatening, you're harassing people, but mark morgan says, look, i posted something similar in the past two weeks, and i don't know what's changed with this specific post. this is just one day after that hearing where they talked about bias, especially from the gop side. you will hear a lot more of this -- stuart: as senator cruz said, who the hell gives you the right to say what americans can read oren can't read? if. >> a democratic superpac -- stuart: yes, we he did.

i think that was corey guard networks i think. corey gardner. any way, they were down on the guy and rightly so, in my opinion. let's get to that gdp number, really strong growth july through september, an annualized growth rate of 33.1%. that is strong. look who's here to celebrate that number, and i'm sure he will, larry kudlow, council of economic -- economic council director. all right, larry, i know you want to talk about that third quarter. it was really, really strong. but can you use it as a sprungboard to look to the fourth -- springboard to look to the fourth quarter? earlier this year on this program, you said we might get a fourth quarter rate sufficiently strong to make the economy almost as strong as it was a year ago. you're looking to a strong fourth quarter? >> yeah, i mean, i think, stu, the key point there is you got all these sectors swinging back very strong; consumer spending,

business investment, housing, automobiles. automobiles were up 1200% in the third quarter. on the other side, we've -- inventories, you know, stuff that's got to be made to meet all these demand, inventories are at flat bottom. flat bottom. so i think going into q4 and probably into next year -- pending policies and so forth -- inventory rebuilding and restocking is the key point. and that looks good. the early returns from some of the federal reserve bank pmis are showing good manufacturing and good production. so the inventory rebuild, stu, that's going to drive jobs and activity through the fourth quarter, you know, well through the winter. inventories are at rock bottom. people have to understand that. that's why i've argued this is a self-sustaining v-shaped recovery. stuart: okay. let me throw this at you, and it's something that might slow us down in the fourth quarter.

we've been reporting all morning about the draconian lockdowns being enforced in france, germ anywhere, italy, spain -- germany, europe's trying to stop the spread of the virus. i got that. but what happens over here is? because we do have a record number of cases of the virus, and we've got democrat-run states very allege or to impose lockdowns all over again. if they do that, you're not going to get a good fourth quarter. >> well, look, we will see. look, i -- the increase in the covid hospital spots, particularly the upper mid keys and the upper northwest, it's a problem. there's no question about it. fortunately, the fatality rate is very low even while the case rate has jumped. now, the president does not want lockdowns. he's said this in -- this a million times. our own health experts, the scientist on our virus team,

vice president biden's virus team -- vice president pence's virus team -- [laughter] lockdowns will make the cure worse than the problem. we do know how to mitigate -- [audio difficulty] also i think the scientists are suggesting to us when your at home, you come home, home for the holiday or what not, be careful. distancing can be very important there. we are testing a million a day. we have all the equipment. we know how to help the hospitalization story. so let's mitigate in order to contain the virus. a thorough-going shutdown will make matters worse, it would destroy the economy. frankly, the psychological effects have been proven to be dreadful. so we don't need to go there. europe, you know, i know they're doing what they're doing. they've got a rough situation over there.

but i bush somebody would think it -- i wish somebody would think it through because, you know, mitigation is a lot better than shutdowns. stuart: that's for sure. talk to me about the stimulus, if you would. the president says not going to get a stimulus deal until after the election. does that still hold? >> it looks like it, stuart. i mean, strange things are happening now, you know? speaker pelosi sent a letter to secretary mnuchin. now, they talk every day for the last three months, so she's sending a letter. and then mysteriously, stu, mysteriously "politico" got the letter before the secretary got the letter which suggests this is no longer a serious exercise. there's no hope for compromising. the other team is, you know, they're just show boating here. they're stringing us along, tap, tap, tap, tap. therefore, nothing's going to happen. and i want to say this, it's really too bad. look, i don't think this

v-shaped recovery depends on some gigantic bill, all right? that has as much without covid, some of the stuff has nothing to do with covid or the economy. but there are some areas -- [audio difficulty] the $135 billion that hasn't been spent for the ppp small business. they could use that money. we should have had a bill, a stand-alone are, to help with unemployment assistance. the president took the leadership several months ago, $300 plus 100 from the state, as you know. but it's going to run out, and we need a congressional appropriation to keep it going. the airlines need help. in other words, there's some bread e and butter issues that could have really helped if we had a deal. we tried. mnuchin worked as hard as he could to narrow the gap, but now we've just got posturing and show boating, so i think the game's over until after the election. stuart: you know, you missed something when you were talking about the strong economy. i think you missed the housing sector. >> yes. stuart: very good pending home

sales this morning, demand for new homes and sale of homes, existing homes, new homes, prices are rising. it strikes me that the economy -- that the housing market is the biggest, probably the best bright spot in the i economy at this moment. what do you say? >> well, or it's enormous. look, i'll read you the numbers through the whole gdp report. housing is up 59%. consumer spending up 41%. business equipment investment up 70%. automobiles, stu, up 1200%. i would say housing and autos are leading the charge. they're both pretty good leading indicators of the economy. and that's why i say again, in terms of forward momentum, we're coming into the fourth quarter very strong. inventories, you know, we're going to have to build new homes. we're going to have to have more construction workers with relatively high wages. we're going to have to build lots and lots of new cars. that means more jobs at higher and higher wages. these are the fundamentals of the economy. i reckon with some, you know,

any luck and good policies especially, by the end of the winter, maybe early spring we will have closed the output losses that we suffered through this pandemic contraction, and that that's much faster than anybody dreamed possible. just as today's third quarter beat expectations. so this is a good story. we don't want to wreck it. we don't need tax increases. any good capes january would tell you -- keynesian would until you you don't raise taxes coming out of a pandemic retraction, you don't cut off power from oil and natural gas. these things don't make any sense at all, and i really think president trump's -- you don't want to change courses in midstream here, okay? you want to stay with the guy that gave you the prosperity pre-pandemic and is leading the charge for the v-shaped recovery right now. let's not experiment with crazy ideas. i mean, tax hikes? taking money out of people's pockets? that doesn't make any sense at all. stuart: it's not the keynesians

who are in charge, it's the socialists in charge on the other side of the fence. larry kudlow, time's up -- [laughter] appreciate it. dan henninger says joe biden is bernie sanders in sheep's clothing. [laughter] that's good. he'll join us after this. ♪ ♪ ♪

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stuart: let there be no doubt it is a cover-up the media colluding with joe biden's campaign, suppressing the hunter biden/joe biden/china money scandal. they just won't report it. even though there are verified documents and a reliable witness showing corruption within the biden family, the story is nowhere to be found, and joe biden scurries away from reporters so he doesn't have to answer questions about bobulinski or hunter. there's another development. documents relating to the scandal were sent from new york to tucker carlson who was in los angeles for that ground breaking bobulinski interview. the documents are disappeared. the media, hand in glove with the left, concealing a major

scandal to defeat president trump. happens every day, all day. it's what we've had for years. now look at this, an op-ed in the "wall street journal." it reads: vote for joe biden, seriously? biden is bernie sanders' grim party in sheep's clothing. [laughter] the author of that is dan henninger, and he's on the show right now. all right, dan, i love that expression. i'm going to steal it, you know that. i'm going to steal it. >> of course. [laughter] stuart: you think, is biden basically a trojan horse for the socialists? is that it? >> well, i think that's the way it's turned out. i mean, what i write is one of the most important events of the election this past year was february 26th. recall when congressman jim clyburn of south carolina endorsed joe biden. this after biden had lost in iowa, lost in new hampshire, and it looked like bernie sanders had a clear path to the nomination. and jim clyburn said publicly at

the time that nominating a democratic socialist would create a debacle for democrats at the polls. so in the event, stuart, they nominated the so-called moderate in joe biden. but what happened after joe biden got the nomination? he quickly moved left to embrace much of bernie sanders' agenda and much of what sanders represents on taxes, on the climate, health care has been incorporated into the biden campaign. and so that's why i'm calling joe biden bernie sanders in sheep's clothing, though i do think jim cry you were's act was -- clyburn's act was genius. he'd much prefer for joe biden's smiling face campaigning rather than bernie sanders' scowl. stuart: i can back that up a little bit because bernie is going to do a virtual rally with kamala harris today. that's the two of them virtually together. i think that backs up your

point, because you could call kamala harris the president in waiting, and there's bernie offering his advice right there today. i think that makes your point. >> and, you know, the question is whether american voters here in the closing days are going to see through all this. and i suspect they will. the idea was that, you know, joe biden was just going to return the country to normalcy, but what's becoming clearer is that joe biden actually represents the left of his party. and the violence that occurred after may 25 in so many american cities for so long, i think, showed that there's a really darker, grimmer side to the democrats, at least the democratic left, than anyone has conceived of before. and i'm not sure joe biden, by hiding from the press, hiding from the american people, essentially, is going to be able to pull this off in the closing days of the campaign. people have to decide what exactly are we voting for? and when you look closely at joe

biden, as you suggest, stuart, what you see in the background is bernie stuart -- bernie sanders and kamala harris, elizabeth warren and ann ocasio-cortez -- alexandria ocasio-cortez. stuart: the trouble is, 73 million people have already cast their vote. too late for them to change their mind, too late for them to look at bernie, wolf in sheep's clothing or whatever. too late. last word to you. >> well, you know, the fact is in some states you're allowed to change your vote. if you mailed in your vote in new york and go and vote in person for the other person, your final vote is what counts. so i think we're heading into a period of significant chaos after this election with all this late voting and judicial decisions. we may not know the outcome for, boy, a long time, stuart. stuart: yeah, i think you're right. dan, thanks for joining us. see you again soon. dan henninger, everyone. >> all right. stuart: the markets trying to

rebound maybe from yesterday's debacle. big selloff yesterday. minor leagues bounce for the dow, it's up only 40 points. nice comeback, though, for the nasdaq, up 150 points. can we see blue apron? that stock is tanking, down 23%. it's a food prep service. they missed the mark on earnings and, more importantly perhaps, they looked out at the fourth quarter and offered rather weak guidance, down 23.8%. e bay also -- ebay also down today, discuss appointing sales. -- disappointing sales. that's worrying investors that the pandemic boost is over. e ebay's down 7%. joe biden finally taking questions from reporters, but not one of them asks about hunter biden and the scandal. how can the mainstream media just keep ignoring this bombshell? that's exactly what they're doing. we're going to get into it. plus, overstock.com reporting terrific earnings

today. the stock was up earlier, now it's down. we'll talk to the chief executive after this. ♪ ♪

stuart: overstock reporting really strog earnings this morning. revenue is up 111%, but the stock is down 4%. what's going on here in jonathan johnson overstock's chief executive officer, and he joins us now. jonathan, is this an analyst problem? because you may have missed their expectations on profit, the stock goes down? is that the explanation here? >> i don't think so. we exceeded analyst expectation on top line, bottom line and earnings for share significantly.

my job's not to predict what the stock market will do, my job's to run a business that does well, and our third quarter was just as good as our second quarter. and, you know, that's what we're focused on. stuart: you really are a pandemic success story, aren't you? i don't know the precise number, but it looks to me like your stock is up about 900% just during, from the start when the pandemic hit to now, that's a 900% gain. i know you can't comment on the stock price, but you are a pandemic winner, aren't you? >> well, we have been aided by tailwinds from the pandemic. but i would say we've also cleaned up our operations. we're much more focused. our mobile experience is much better. over 50% of our revenue is coming through mobile. so i think we're running a better business. but, yes, as people stay at home and are working to make their

home, their homes more comfortable and more cozy, overstock is the place they're going to purchase home furnishings. stuart: in the future is it all about delivery, and is that why you're going, you're pushing hard for next-day delivery or one-day delivery? that's where are you're focused on, i think. >> we do focus on delivery. obviously, speed is important. we found in the current environment just as important as speed is predictability. and with, you know, a significant carrier crunch and deliveries being slowed, our customers are finding they want to know when their couch will arrive. you know, when you buy toilet paper and toothpaste, you want it this afternoon or tomorrow. if you're buying a table, you're more likely to be willing to wait until tuesday if you know tuesday is the day it's going to come. stuart: sure. you happy with the way the company's going overall? >> boy, the operations are just

fantastic. the team has worked really hard to both capitalize and maximize on the current situation. you know, i'm bullish for the future. our mantra at the company is sustainable, profitable, market share growth. and we've done that the last two quarters. we think we can continue to do that going forward. stuart: that should do it. jonathan, thanks very much for joining us this morning. congratulations. great performance there. we appreciate it, sir. >> thanks, stuart. stuart: sure thing. next case, president trump, joe biden in a dead heat in florida. what does the president need to do to push him over the top to win the state? it's a must-win state. trump campaign guy tim murtaugh joins me after this. ♪ ♪ our retirement plan with voya gives us confidence. yeah, they help us with achievable steps along the way...

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♪ ♪ stuart: president trump, joe biden held dueling rallies in tampa, florida,ed today. hill true vaughn is right there. hillary, do you think biden's got any chance at all of bringing in the same number of people in the crowd as trump's getting together? >> reporter: stuart, probably

not because his rally here in coconut creek is a drive-in rally, and they typically cap those off at 250 vehicles. we have seen, though, a line of cars this morning winding their way through, waiting to get screened, waiting to get access into this drive-in rally. now, the economy here in florida a top voting issue but also how to contain covid. this is a state where 1 in 10 residents are over the age of 75 and are considered high risk. but really recently florida's economy has been on the rebound from pandemic elopes, out-- lows, outpacing nationwide levels. unemployment claims are trending down. florida's sales tax revenue is just down 5% compared to where it was in 2019. but we also got these new gdp numbers, and the president clearly thinks that the economy still is a winning issue for him. here's what he tweeted earlier this morning. gdp numbers just announced, biggest and best in the history of our country and not even

close, next year will be fantastic e. however, sleepy joe biden and his proposed record-setting tax increase would kill it all. so glad this great gdp number came out before november 3rd. but the biden campaign says that these new numbers really don't reflect real life. for a lot of people that are still struggling and still unemployed. biden released this statement, saying: american families need meaningful help, not miss leading hype. only trump would call an already-stalling economy with historic level of unemployment claims and small business closures the best ever. yet at this very moment, president trump and his administration are giving up on getting control of the virus and on our economy and the american people. stuart, expect at both of these dueling rallies today a lot of talk about the economy and really two different interpretations of what that number means for voters here in

the sunshine state. stuart? stuart: that's true, hillary. one's right and one's wrong. hillary vaughn, everyone. thanks for being here, appreciate it. next case, tim murtaugh, trump 2020 director of communications. welcome back to the program. a dead heat in florida, 48-48. what does the president have to do today at his rally to put him over the top? >> well, stuart, thanks very much for having having me. we don't see that as a day heat here, the data we have inside the campaign. we have president trump winning florida just like he dud in 2016. and we think it's great that joe biden is going to spend his time in a state that he can't win. and the case the pretty clear for the voters of florida. the gdp numbers from this morning, record economic growth in the third quarter. president trump built the world's best economy once, he's already doing it a second time. joe biden would kill this recovery with the massive $4 trillion tax inincrease and all the regulations of the green new deal. and for seniors in florida, such

an important part of the population, the president's record on health care is already better than joe biden's. and the fact that joe biden has to talk about health care proof that obamacare was a colossal failure. and joe biden is a trend towards socialized medicine, the complete government takeover of medicine, and that leads to the elimination of private health insurance for 180 million people. the president has already brought obama cawr premiums three straight years, drug prices are falling, slashing costs in medicare and medicaid, and the president will always protect social security. it's joe biden who has a history as a senator of trying to freeze and cut social security and head care. the case is easy, the president's going the win florida. stuart: did you see the tony bobulinski interview i with tucker carlson drew over 7.5 million viewers? there's obvious interest in this. >> yeah. stuart: but the reporters, the media, they're just not covering it. so my question is, will this have any impact on the election? because very few people know the

ins and outs of it. >> well, i think it's a pretty easy explanation. the obvious, simple explanation is that joe biden and his family were engaged in a pay-to-play operation with foreign investors. joe biden, this is as simple as this, joe biden lied to the american people when he said he never discussed hunter biden's foreign business dealings. in fact, we now have tony bobulinski who says he was in the room with joe biden when they discussed that. that is very easy for people to understand. now, i understand that most of the mainstream media has a vested interest in seeing joe biden succeed e and they want to hurt president trump, and so they're not going to cover a story that hurts president -- that hurts joe biden. but the fact is, this is penetrating. and, actually, we have the masters in silicon valley to thank for that. the fact that they censored the original story by the new york post made it into an even bigger sensation, and our polling shows that most americans do know about it, and they do know that joe biden is just another corrupt politician. this is biden inc., and his

family has been selling access to him and his power for years. stuart: tim, i've got to tell you that whilst you were speaking there, we were showing the crowd that's gathering for mr. trump's rally this afternoon. it is a very big crowd even though it's hours away. >> not surprised. stuart: tim murtaugh, always appreciate it. thank you very much, indeed. all right. better take a look at big tech because they report this afternoon. this is a very, very big deal. what do we have? >> and look at the performance, recovering from yesterday's losses. i think this means that investors anticipate a big quarter for these names. we're priced to perfection right now, in this environment you need to do even better. and we are can'tinging some pretty large -- expecting some pretty large numbers out of apple, amazon, facebook, google and even twitter later on today. engagement, users, and when it comes to apple, how much are they forecasting for the iphone 12 given that it was

delayed. and for google, do you think it'll be interesting to hear about antitrust and how that factors into the bottom line? stuart: if they mention it on the call, and i don't know whether they will or not. you've got to watch this, because these are the most important, most powerful companies in the world -- >> yes. stuart: bar none. >> they represent roughly 40% of the nasdaq 100. 40%, around 25% of the s&p. stuart: we used to say huge, remember that one? [laughter] >> huge. stuart: check that big board. we're up 26 points. not a recovery from yesterday but a minor leagues gain. more "varney" after this. ♪

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stuart: susan and i are laughing about the beatles and the rolling stones. maybe -- she is playing my favorite song right now. maybe you like to comment on this? you can you know, because tomorrow is friday. therefore it's "friday feedback." what do you think of our show this week? send your thoughts to, varneyviewers@foxbusiness.com. now we would really like to see some of your videos. it has been a couple weeks since we had a real good video come to us. nice pictures, still shots. we would like videos. so if you can handle it, we would like to see it. you can say anything you like.

i would like hate mail. we didn't get much of that. i was expecting a ton of it. didn't very, very much. disappointing. susan: i'm sure. stuart: one week we'll have hate varney week. you remember hate hannity week? i rather liked it. market grain, 12 points. that is all we got. i was doing my best for you, lad. it is yours. neil: if you're looking for hate mail, holy cow could i keep your producers busy. usually comes in cut-out magazine letters but i will be happy to share that with you. this guy needs help with hate mail. i have got plenty. look forward to that tomorrow. if you need help on the hate mail front i'm here. we're waiting on a number of campaign rallies and florida is sort of the epicenter of the political world. president departs for tampa for a rally. very same focus of attention for joe biden. also the polic