there's no violence as the city is totally boarded-up. maria: there may be some weeping going on. steve forbes, what do you think? >> i think there will be weeping. i think president trump will pull up a upset. pollsters will have to go back to the drawing boards and we will start by having that fbi director finally fired. maria: "varney & co." begins right now. take it away. stuart: i shall. good morning. let's get straight added on this election day, the stock market is rallying again. up 400 on the dow jones monday, up another 370 this morning on the nasdaq is up at two thirds of 1% work it's a rally this tuesday morning come election day and at the speculation about why this is taking place is all over the place one camp says abided wins and spends big on

stimulus and that's why we are rally me. another group expect a tropical win. very few expect a democrat clean sweep. bottom line, stocks are up on this wild election a end of the electioneering is not over. at joe biden will break tradition and campaign on election day, to events in pennsylvania today. president trump is still fighting for every vote he can get as he ended his michigan rally in the early hours this morning and he appeared on "fox & friends" a couple of hours ago. later, he will visit republican headquarters in virginia. you will see it all. monday was one of the most amazing days in presidential politics, nonstop rallies for both candidates, enormous crowds for the president , not so much for joe biden. enthusiasm gap was on full display. what struck me was the impromptu motorcades and campaign flybys over the place, spontaneous, never seen anything like it before.

so far, 98.8 million votes have been cast and even so there are lines at the polling stations when they opened this morning pick this may be the all-time record turnout. what's a day. and what a night it's going to be as well. for me, it's a privilege to report on this most important of elections and we are glad you are with us. "varney & co." is about to begin. ♪ >> this was our final night prior to a very very big victory. >> i believe it should be loud and clear, time for donald trump to pack his bag and go home. >> we love you! >> i love you. >> tomorrow is the

beginning of a new day, tomorrow we can put an end to a presidency that has left hard-working americans out in the cold. >> we are going to have a red wave. we call it the great wet-- red wave like no one seen before. >> the eagles got a big win last night. i have a feeling we are coming together for a big win tomorrow. >> i think we are going to win everything. ♪ stuart: why not a little jimi hendrix on election day? voodoo child. it's election day of president trump as you saw their hosted a massive closeout rally in grand rapids, michigan, where he closed out 2016, wildly enthusiastic. didn't end until the early hours this morning. joe biden spoke to voters in pittsburgh at

a drive-in rally bringing john legend with him and lady gaga who's a strong opponent of fracking in pennsylvania. after the president, he spoke moments ago on "fox & friends". watch of this. >> tremendous changes have taken place over the last week, tremendous. >> like what? >> we think we are winning texas very big. we think we are winning florida big. we think we are winning florida big and arizona and i think we will do well in north carolina. i think we will do well in pennsylvania. we think we are doing well everywhere and it's more than seeking you know, we see trends. stuart: the pressure in the must win state of pennsylvania because he's making to stop their today and this is election day. he's going to scranton and philadelphia. as it was reported 98.8 million people have voted and there are

lines that many polling station this morning, right from the open. this is a grippy nailbiting record-breaking election and we are going to cover it while to all. that's a promise. a big show, steve cortez, herschel walker, and larry kudlow today in a few. big show coming up. let's get to money. there is a stock market indicator that has predicted the presidential winner for decades. susan, who is it predicting to win now be to right now, president john. stock market has been seen as a voting machine and how the broader market does three months before the vote usually protects a winner. singular formula here. if the market is higher the incumbent wins and if it's lower the white house slips. we are starting this morning barely 26 points higher than three months ago, but this year is different from other years given the covid pandemic.

let's look back in 1976, jimmy carter and s&p 500 was down and he lost. ronald reagan won in 1984 with gains, but george hw bush 1992, lost with s&p 500 barely down in the three months into the ballot so let's see how goes today, but from election day 2016 until today we are 55% on the s&p 500 and to note there's no panic today on election day. check out the fear indicator, 10 year treasury yield up near its highest since of june in four months so let's keep that intact. no panic, no fear. stuart: grapes are good stuff, suzanne. that indicator says trump wins. susan: that's right. are you excited today? i can feel the energy from stuart varney. stuart: spectacular day, spectacular election and it's a privilege to read be reporting on this election for this audience. thank you.

shall we get on with it? brian belsky is here, market watcher's supreme zero and is usually bullish. bullish brian belsky, why do you think the market is up 39400 now and up 400 yesterday. why do you think it's up? >> good morning and i echo your comments in the beginning of the broadcast, it's an honor to be here with respect our country in terms of the election. i think there is short covering that occurred over the weekend. obviously you know october was one of the worst months we have seen all year outside of march and is that we have some repositioning. i believe the market and a lot of the short-term traders are actually buying into the market again given the fact that the polls were so skewed towards mr. biden we think that's way too premature. we have been guiding clients on to make any decisions on their portfolio with respect to politics and we think it's way too premature.

stuart: so you think there's a body of opinion out there that says biden went, democrats do not win the senate and when biden wins there will be a lot of spending right after the election into the new year and that's why the market is up. is that a fair assessment of the opinion of many people out there? >> not a fair assessment, it is that assessment with respect to where consensus is and by the way, t t uilduig hin thens pe pectrseiviv a fy e polls pn p m theiaheia anom canenanroandd de wthldorpeorntotot rdofotofe yotofteotofay ndtalking toolienoli inoli euro eupet tha a a rlly o tsiir oheni osononn o nsetbuoibuonioclus ofrer mfriafrle outut an becaeca thi i tnknknknk ty bd heee b ui a oui a ofui a o peopleer jn e ndaye nd agaiag wn,ree aul bsh a bsh bsh bshu bshnt poi oed -tngerm,eriven volali ctith riteshpecth to tathamitiot witt itsvell ri cominom outt andotot o

peoplepeoponcernedce... atibut o the dayhe d u au---- o-- hit h atthe nswas whtmehtcans ns nsoutnshe ns pocketbocook and it's difficult for president to get kicked out of the office of the presidency with the markets how good they have been doing and how the economy has been improving. stuart: brian, thank you for being with us. brian belsky. let's move on. president trump rallying supporters in the battleground state of north carolina as part of his final sprint before election day. watch this. >> you know, i have like five of these to do today, so let's get going. when i came in on watching fox and the anchor says they have a small crowd of about 2500. you know, it's an incredible thing. this is a lot more than that. this is a lot. [cheers and applause]

stuart: that's "fox & friends" weekend cohost will pay whose in clayton north carolina talking to voters. i think you are at the rocking comment diner and i think you are spread by trump supporters. is that right? >> stuart, i heard you talking about enthusiasm and we can have some enthusiasm check right here at the rocking comment. let's do a check. to me this. if anyone is supported joe biden let me hear from you. how about if you are supporting president trump. [cheers and applause] reporter: i don't know if it's a scientific, but there's your enthusiasm check stephen let's get serious for a second, north carolina senate race republican incumbent tom tillis and democrat cunningham challenging. it shakes up the senate if tillis loses so what is the state outplay? >> the state of the play it is i have heard the

race mentioned almost as many times as the presidential race this morning. it comes down to the case made by the challenger is one character. there are issues in his past as he has had multiple affairs and those are issues he will have to overcome. when you talk to voters in north carolina, this is what i found, i will give you three issues that have come up as the most important. number one, the economy. they are worried about shutdowns. they are worried about businesses that have been crushed. economy is number one. number two they like president trump is not a politician. they like his attitude and that he fights and that he doesn't have 47 years of experience in washington. then i heard over and over and this is about the senate race with the gubernatorial race in north carolina and presidential race, this moment in history, so may people have said it's a stark across in the road for america to choose what our future will look like, two

different ideologies, two different paths, when they believe will be guided by perhaps a socialism and that shuts down debates as we have seen and cancel culture and one of they believe represents in their estimation what america should be about, those three things i've heard over and over and truthfully not just in north carolina. i've heard in pennsylvania, new jersey , in all of these diners we visited. stuart: got it. will kane, thank you. check futures, if you're just joining us it's a rally again up 400 on the dow jones today. it was up 420 points yesterday. it's a rally. kamala harris is making this promise if she and joe biden are elected. watch this. okay. we don't have that, but kamala harris buys presidential candidate running with joe biden says the first thing she will do is get rid of president trump packs cuts that help the middle class.

a look at the massive crowds that president trump is drawing in pennsylvania. kayleigh mcenany has been firsthand witness to these huge crowds and she joins us next. (harold) twelve hundred strings of lights. (betsy) quarter mile of tinsel. (harold) and real snow all the way from switzerland. (betsy) hmmhm... gonna be tough to top. ♪ (betsy) well played. (vo) add some thrill to your wish list. at the season of audi sales event. get exceptional offers now. noand if you're troubledan a liby falls and bleeds,ners. worry follows you everywhere. over 100,000 people

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stuart: even though it's election day, you don't normally campaign on election day. joe biden is going to pennsylvania, two locations, scranton and silly. fox news peter doocy is in scranton and peter, i have to believe joe biden is worried if he's going back to pennsylvania on election night. reporter: it's interesting and as you mentioned somewhat

untraditional to leave town, but job biting is still very confident right now. the candidate who was so superstitious during the primary that he would not predict results was not the same candidate on stage at one final drive-in rally in pittsburgh last night. >> eagles got a big win last night and folks, i have a feeling we are coming together for a big win tomorrow. reporter: joe biden started his day by visiting his late son's grave site. next he will be in scranton and then philadelphia. biden campaign manager is saying under no circumstance when the president be declared the winner tonight. they think it will take a few days were enough votes to come into call it for trump if that's how things shake out in this morning the president called to say he thinks he will outperform his electoral college total from last time. >> you know, we are seeing trends of so you can tell it isn't just

like taking a poll. this is based on trends and we think we are doing well in the states, and a lot of states, really, and lots of states. reporter: the president was here in scranton, last night and biden will make one more trip to his hometown and as he looks to trade the title mr. vice president for mr. president elect. stuart. stuart: thank you. come on in, kayleigh mcenany, trump 2020 campaign. why do you think joe biden is going back to pennsylvania on election day? >> because he recognized he failed to work and what, i mean, by that is this, this president made 34 stops in a few days and we got back at 4:00 a.m. of the president was back out this morning carrying his message. we left it all on the field. joe biden has seen the polls tighten and he has seen one of the most accurate polls in 2016 shall two points. recognize the vote total

in philadelphia for instance isn't there and they are trying to drive voters to the polls and not a zoom all they said it comes down to one state may think that's pennsylvania and they realize they have not put the work in. stuart: our viewers are looking at joe biden in scranton as we speak. my question to you is, karl rove said this morning on fox doesn't expect to result pennsylvania until saturday and i understand one election official told fox earlier today that there is no way you're going to get election results by tonight in pennsylvania. what are you guys doing about this? >> so, first we think we will have results tonight because we don't think it will come down to one state and that we will win many more, but what we are doing in pennsylvania is low, the legislature in pennsylvania has a spoken and they said ballots can only be counted up to election day. a court ruled differently but the u.s. constitution says the legislature decide so it's necessary if we

need to we can engage in litigation to make sure it's a vote encapsulated by what the rules in pennsylvania site, but ultimately i think we prevail by more than what the polls are saying though we know joe biden has said he would not concede under any circumstances as the word hillary endorsed. stuart: i know you can't see this but our viewers are watching joe biden in scranton pennsylvania and i'm absolutely struck by the total lack of enthusiasm and the total lack of a crowd. the camera is pulling back and we can see joe, 30 or 40 people there i would be surprised. i can see a couple of science. i don't hear much copying, cheering, stamping or anything like that at all. is such an extraordinary contrast between donald trump and joe biden today. >> it is. look, we were in scranton, pennsylvania, yesterday with a massive rally and tons of people

in the president looked at me after and said, wow, that energy level is incredible like nothing we had seen, the level of energy enthusiasm. there were more one eels everywhere, young people who we know traditionally vote democrat took there is an enthusiasm there in striking contrast. i hear the images described by you that 30 or 40 people in a place where we had thousands. stuart: and you cannot hear him, i mean, we have the audio on and we can hear what's being said and it's difficult to hear what joe biden is saying. he has a mask on and he's trying to use a bullhorn. i can see the crowd now. if it's 30 people, i'm surprised, kaylee. i know i'm feeding you the good stuff you want to hear, but i am struck by this, i mean, really extraordinaire difference. anyway, what are you going to do today? >> so, today i will be out on tv and radio talking to the american people. the president has a number of hits lined up himself directly to the

american people. i'm here at the campaign and he will come and join us in about an hour then he heads back to the white house, remains hard at work and waits for the returns to commend. we will be watching to gather at the white house and we believe it will be at red wave this evening and we will watch together. stuart: tried to persuade the president to talk to reporters and maybe us at the same time, would you? >> normally i don't have to persuade him on that. stuart: i'm out of time, but thank you for joining us here could you work hard. >> thank you, stuart. stuart: back to the markets, green olive or the place, up 394 dow jones, 77, nasa, it's a rally. we will show you more of it after this. ♪

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we've been creating moments like these for 35 years, and we're here to help you get started. book your free virtual or in-home design consultation today. stuart: i'm jumping the gun. adjusted joining us, green across the board. it's election day and a stocks are going up. mike murphy market watchers with us. mike, last time you were with us you said that trump would win. do you still think trump will win and is that why

stocks are rallying, good morning, stuart. i do believe president trump will win. i think the rallies you just pointed out are big reason why i believe that and i believe what he's done over the last four years is enough to earn another four years. the stock market definitely doesn't want more uncertainty. definitely does not want a hanging chad situation where we don't have president elect for another month or another two months. i believe the rally we see is based on the fact that the market is looking at this and they are realizing president trump is going to be victorious and we are going to have some certainty and we are going to have a very great recovery for the us economy in 2021. stuart: suppose it's a biden when, but republicans keep the senate. said that equally bullish because biden will have to spend big and wall street likes that? >> short answer, yes. in the bigger picture,

when you talk bullishness i think the united states of america standing globally would be affected negatively by a biden presidency. so, to say the stock market could do well, guess i agree with you on that, but when you start talking about a more socialism in the us , eventually that's going to trickle down in the stock market. when we don't have capitalism or we have less capitalism in this country, that's a negative for companies out there trying to increase earnings and stock prices, so it would be long-term negative, i believe. stuart: mike, thank you for joining us. let's sort something out, j.p. morgan says it's time to take profits from big tech stocks. likely to four years ago technology has outperformed on the nasdaq has more than doubled in the past four years as a result j.p. morgan says tech companies have done so well maybe it's time to take money off the table and go elsewhere.

doesn't mean they are taking it out of the stock market necessarily, just going to other stocks. juice-- j.p. morgan-- doesn't mean we are back to 2000 levels. stuart: they have a ton of money in the bank as well. it's election day and the market is now open for business. up we go. tuesday morning, november 3, and we are up 1.1% from the start, about 300 points on the dow industrials, 28 of the dow 30 in the green. s&p 500, a rally as well with about 1% higher and nasdaq composite up .73%. the best gain of the three indicators is the dow industrials. show me big tech. they have all the money and they are up. microsoft, call for bell, alphabet, amazon, facebook on the upside as we kick off election day trading. online retailers, all of

them on the up side. and they are all huge winners from the pandemic and from the closure of brick-and-mortar stores. online shopping up again. alibaba, i know its way down, eight and half percent. susan: stunning reversal. it was said to be the world's biggest ever ipo racing around $35 billion in a dual listing in hong kong and shanghai this is stunning because it's a complete surprise and that's why you have this reaction today. alibaba, the world's fifth-largest company is the fact that shanghai stock exchange has been there-- there has been material events that has not been properly disclosed to investors and that's why they are forcing the shelving of this monstrous ipo and as a result alibaba has had to shelve and cancel their hong kong leg of this ipo and they are returning money to

investors. it's a big deal because it's the world's largest startup or $300 billion on its own and this was to shatter records, but we have government control and regulation surrounding any kind of throws a wrench into things. stuart: that's not germane to the election but it's a big deal, it largest company in the world-- susan: fifth-largest. stuart: i'm sorry, fifth-largest. paypal, they have reported their earnings, stock is down 6%. i guess they were not a pandemic winner? susan: they were because lockdowns meant they shift to online banking. that's an accelerated trend. it's also meant the more users are using paypal. paypal has made more money, more sales than forecast the problem is the holiday shopping. not as great as wall street hopes pick the company is on track to process nearly a billion dollars in online payments. it's a new world and the

modern world we live in with peer to peer. looking at the price hikes, 240 was the highest. stuart: you mean some of the analysts think it's going to 240? susan: yes, 240, 215 is pretty much the average. stuart: two big losers, alibaba and paypal on the downside. tell me about walmart pic i don't know if this is a big story or not. susan: it is for saving american jobs. stuart: is that why they are doing it? susan: yes. this is a win for humans. who would have thought 2020 dow would be the case and walmart is the largest employer in america so it is a big deal. walmart was looking to use robots i guess to track inventory, but given the fact that we have covid and more

people are shopping online they have humans going through the aisles trying to pick up each item to ship out so why not use them to track inventory instead. this is a big win for workers and american jobs. i should note walmart hired around 250,000 during covid and hiked wages. stuart: and the stock is up on this news nearly $2, when and how%. wayfarer, the online furniture people reported their earnings. lauren, the stock is down. i thought they were a pandemic winner. lauren: i went to check into this because moments ago the stock was up 12%. they did report adjusted earnings. they grew their revenue to make 3.8 million. customers are sitting home sprucing up their homes and the ceo says with christmas on the holidays upon us, it will continue whenever. i'm giving you this metric, they delivered

15.8 million orders in the quarter, almost 7 million more than last year and of the stock nearly tripling, but yes right now it's down about 1%. stuart: i wonder what happened in the last three or four minutes. lauren: i'm looking into it. stuart: ridesharing update. that will be left mac and goober. i have to believe it's about tron 22 in california and that it will pass? susan: they needed to pass. that position 22 exams them from having to reclassify drivers as employees paid with benefits and it's a huge threat to the future of their business model. investors expect prop 22 to pass which would allow them to operate as they currently do. the most expensive local state ballot measure in history, but uc berkeley pullout this morning says it's going to be pretty tight because 46% voting yes looks like 42% vote no, 12%

undecided and you need something about 50% and if uber and lyft lose they say they will need to cut the number of drivers and raise prices and this may go across the country to other states. stuart: this is the most pernicious attack on the gig economy and the freedom to work when you like and who for you like. i hope sincerely proposition 22 passes. amc, there's a stock that is still up 15% higher. why-- susan or lauren? lauren: i got this one. most of their theaters, almost all are open in the us and in active talks with investors to raise cash because they have to stave off bankruptcy considering the state of the movie industry. revenue $119 million. last year, 1.3 billion, that's a drop of 90%. 44 blockbusters were

delayed due to the pandemic, so amc is hoping let's look at next summer. we get the movies back on the big screen. there is a vaccine and we can kind of operate normal once again so they are pushing out there hope until summer 21. stuart: thank you, lori and. it is election day. president trump may have something up his sleeve. listened this. >> i think we are going to have a too might a stay tomorrow. >> we are going to win. we have some big surprises. stuart: lets see the surprises. president trump is on the move during our show we will be sure to take you to him if he speaks, but he is on the move. during the last few days of campaigning biden couldn't help but make some gaps. watch steve mcdonald care-- donald trump doesn't understand healthcare. we lead by the example of our power, not just by the power or by the power of our example. somehow--

[inaudible] i went to a state university. stuart: okay. the democrats candidate for president, there he is. this is a historic day. keep it here on "varney & co.". markets up. go vote. ♪ ♪ ♪

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some investors bullish. up 360 for the dow industrials. social media has played a role in the election so what can we expect from them today, susan? susan: facebook, twitter beefing up for this specific date and facebook spending billions to make sure what happened in 2016 doesn't happen again so facebook is sweeping its platform today for misinformation and rolling out a voter information hub and suspending political ads after tonight at least indefinitely. twitter suspended all political ads into this year slowing down the spread and re- tweeting of misinformation and stepping up labeling and shielding of our politicians including president trump including last night. also, youtube has stepped up policing and removal of questionable content in a real-time playlist of election results, which i thought was interesting. stuart: sounds like censorship to me. susan: what about information?

stuart: who defines misinformation? same old argument and they've always defined it as something out of a conservative's mouth. that's what they always do. i don't think things will change. as we head to the polls i want to remind you how different president trump and joe biden is when it comes to tax planning. watch this. >> $4 trillion, they are going to increase taxes by $4 trillion, 4 trillion-dollar tax increase. and they're going to put the money into green new deal. with your zero we will cut taxes. >> if we get done what we need to get done, pennsylvania, in the next 24 hours joe and i are about to get rid of that tax bill and invest that money in working families invest that money in that the structure. stuart: art, fess up, you voted for democrats in the past. you have admitted it on this program, so i went

to know, could you vote for joe biden today? >> no, i couldn't because i early voted, stuart's. just joking. you know, obviously i think trump is better on that economy than biden is and frankly i vote on economics and that's why i support the democrats historically like clinton and kennedy unlike supported republicans in the past like reagan and trump and i think trump is better than clinton and harris. stuart: why do you think the market is up so much coming 400 odd points yesterday and nearly 400 this morning on election day is it because the market thinks trump wins or biden wins and spends big? why is the market up? >> i don't know why the market is up, but my guess is it's a good sign for trump being an upmarket i would guess if trump loses this election the markets

will be down and quite substantially down. although, i think biden and harris are the least bad of the democrats wouldn't comes to economics. i think trump is better than anyone on that economy and therefore i think the upmarket today is good news for donald trump. it's clearly not a covid-19 market. a couple of weeks ago when the market went down, when it way down you could've explained it easily by covid-19 outbreaks in hospitalization and new cases and higher death, but this you can't be explained by covid-19. it's literally i think the last couple of days election results. people anticipating trump winning. stuart: okay. what happens to the economy next year if trump wins? give me an expansion growth rate. >> let me go through to. number one, if trump wins you know what he will do turkey will do tax rate reduction move towards a broader base lower rate pox-- flat

tax and incentivize the economy to come back quickly and even i think the payroll waiver. he will get the economy booming as quickly as possible. if biden and harris when , i believe they will be more cautious. i think they will try to raise taxes, but i don't think they will go crazy pick the last thing they want to do is cause for their collapse in the economy beyond covid-19 and if they put in their policies as a described, that would be a bummer for the economy and i think they will hesitate on that especially if republicans keep the senate. i think they will be cautious and not nearly as bad as warren or bernie sanders would have been. i think the two best candidates for the democrats are biden and harris, but trump is still way better than both of them. stuart: arts, thank you for joining us. next to her, thank you very much. we will have unexciting day. stuart: we certainly will.

thank you. now, in a lot of companies, hundreds i think i getting employees paid time off to vote. tell me more, lauren. lauren: as you look at retailers j.crew and patagonia they will be completely closed today, every worker has off to vote when they want. ben & jerry's and a company called in pizza is staying closed for the whole day today. white castle will be closed in the morning from seven till 11:00 a.m. best buy and bed bath and beyond will be open later at noon. lululemon will close early. they are closing out 4:00 p.m. so when all over 700 companies impacting 6 million workers have joined this time to vote coalition to encourage this vote up or-- participation and we have seen amazing numbers. we will see record turnout 42020 and the weather is favorable in many parts of the country and that's also a good sign because you have seen the lines for

people waiting to cast their vote that traditionally. stuart: thank you. on the left-hand side of the screen we are looking out voting in green bay, wisconsin, a key state we are told trump trails in wisconsin. very active polling station right there. look at the dow jones high of 450 which is 1.6% and then there's this, congresswoman maxine waters says she will never ever forget black man who 04 president trump. listen to this. >> i don't know any blacks who would be voting for trump. it just hurts me so bad to see blacks talk about supporting trump. stuart: nfl legend herschel walker has an answer for maxine waters. he's on the show in the 11:00 a.m. our. don't miss that.

♪

stuart: look at that, the dow jones is up almost 500 points, 1.8% just about, another rally

on this election day. market watcher greg us at this with us. grade, nearly 500 points up, 400 yesterday, what is the market telling you? >> happy election day. where do we go from here and people asking where to put their money and i will tell you why i stay in the market. i think people have been questioning are we on the precipice of a another bear in line or even worse from what we saw earlier this year and we know the market peak to september 2, and we did see new-- to notable drawdowns with about 10% decline in september and 9% pullback in october. there's probably-- five key issues on investors minds today. we have a surge in infections and additional lockdowns in the eu with questions about a vaccine. we have questions stimulus and the timing of that work we have the potential for it contested election and will there be a blue sweep of the senate causing greater economic

policy uncertainty. stuart: wait a minute, the answer to all of those is no. book, we have a huge rally here. of the market isn't that concerned about new infections are blue wave seems to be into this election figuring if a biden wins and spends big or trump wins and spends big. >> i don't think today's outcome will impact the market. i went to stay one obvious thing with a 0% interest rate environment we have come to the end of that year of a balanced model portfolio where treasuries would act as a buffer in times of market dislocation for investor portfolio. with that said, there is nowhere else to be. you are either in equity and equity linked products or are you going to buy golden bitcoin, so you tell me. corporate earnings have been good and i think the market will continue to trade higher. stuart: i'm sorry i'm proud of time with the heartbreak coming up.

thank you for joining us. you joined us as the dow jones at the hyatt that day up nearly 500 points. this is election day. you are watching "varney & co." and there's a lot more to come. steve cortés, cultural walker and larry kudlow. in my opinion there's a noticeable swing to trump in the last week and i'm going to tell you why i think that's happening. that's my take and its next. ♪ non-valvular afib can mean a lifetime of blood thinners.

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♪ ♪. stuart: american dream, ladies and gentlemen, your host, i am living the american dream, that is a fact on this election day, look at the market, were up 500 points for the dow jones industrial average, 138 for the nasdaq composite, we've been building the rally all morning and that is a solid rally across the board, the financial stocks, they are leading the dow, goldman, morgan, citigroup, morgan stanley, bank of america all up by two or three percentage points, really helping the dow, i want to show you big tech, that is a clear

picture, all on the upside, not huge gains by any means but all a big tech is up, let me show you the ten year treasury yield, this is important, this is not a five-month high, that is very interesting development because of five-month high means money is coming out of the treasury bonds and with the stock market rally, you know it is going into risk on stocks as they say, that is where we are right now, do we have the factory numbers. susan: of 1.1% higher than economist forecast, higher than accelerating from august, that's in line with the manufacturing numbers that we saw yesterday that shows the factory floors are recovering and accelerating from the deaths of covid. stuart: that gives the market a leg up, were at 508, 1.8%, as we should you very briefly tiki barber, brian kilmeade, larry kudlow, all of them on the show

coming up for you this day, we have the factory orders, up 1.1%, strong performance in the dow is up over 500 points. got that? let me go through it all, s&p is up 1.5%, nasdaq up 1.3%, i think we are to bring in market watcher scott shelley, obviously it is a rally, why do you think the markets rally on this election day? >> you had a lot of people that are very smart, smarter than i am so i won't spare you the lead, is what is been doing the last four days, the world is waking up to the fact that we have 47 months of his track record in 47 years of no track record, they're doing the same things over again, you maxine waters doing her best impression of madeleine albright, where women who don't vote for hillary, those types of things are happening in front of her face where they're asking you not to believe your lionize but the polls are right, they're

asking you not to believe the rioters because those are peaceful protesters, this playbook is getting old, it is been 16 years living in london, every major western leader around the world has been blamed for coronavirus, they cannot even have an original thought there, that is why the market is higher because donald trump is done very well the last five days. stuart: i don't know where to go with us, i'm trying to think of a second backup question but i think you covered the whole thing at the front, you share my excitement, i am excited by this election day, i'm intrigued at the result which we may or may not get tonight but we will get a result. i've got to tell you, i really think it's a privilege to be sitting here in this position surrounded by all the great people reporting on this extraordinary and very important election, i think you share that, you been on with me for years and years and years, it is

a privilege. >> yes it is, i'll go one step further, all the people that do the background work in this industry the cameraman and the people that book you, a lot of these folks work for other nations, other stations when it comes to when obama was doing the same thing and they are absolutely flabbergasted at the fact of the enthusiasm today for donald trump the last five days, it eclipsed obama's enthusiasm, the thousand a lot of enthusiasm. if you look at the last week what president trump has done, i think that is why were sitting here today and that's exactly why the market is doing what it's doing. stuart: i was on the phone with one of our producers yesterday afternoon and i was interrupted by all the horn honking and shouting and cheering outside, i looked at the balcony and looked out and there was a trump rally going up the street and the producer said to me, hold on a second, i got exactly the same thing going on here, my producer was in a different part of new

jersey and there was a rally right there in florida they are doing flybys with flying campaign ads i've never seen anything like that in my life before. >> what is key to that, it's all organic there are not any representatives from the trump campaign there, young vote rallies in huntington beach california, hundreds, maybe a thousand votes, it is amazing, every street corner across the country with no representation from donald trump, you have a bunch of people getting together to celebrate which could be another historic election, that is what they're asking you not to believe what you see, please believe what you hear and not what you see, i am not doing it. stuart: and roger been with us all these years and i hope you keep coming back for a few more years after this. scott shellady everybody, thank you very much indeed. now this why was there a noticeable swing to trump in the last week, only a couple of

polls show the swing strong enough to put the president in the lead but almost all of them show some narrowing of the gap, why, what happened. in my opinion, two things move the needle, the public is tired of lockdowns and joe biden is a lockdown guy, voters don't want to return to the restrictions but gutted the economy and disrupted everyone's life and democrat run california, you cannot eat her thanksgiving dinner indoors and you cannot shout, chant or sing either and democrat run new york, you have to be tested if you travel from 41 other states and if you can't show a negative test are going to quarantines for 14 days, that is another travel restriction, they are laughing at in california, they are confused in new york, joe is left holding the lockdown bag, it is working against him, second reason, working parents want their children in school, their youngsters have missed the best

part of a years education and they jump through hoops juggling schedules, there's frazzled, they understood that the biden teachers union wants the schools to stay closed. joe cannot afford to contradict the union so most big-city schools are empty but parents are not happy. of course the president's extraordinary energy is also a factor in the tightening of polls, you are doing five rallies a day and polling massive crowds, the impromptu motorcade that pops up all over the place or adding to the excitement, this is a country that wants to get back to work, to get back to learning, to get back to prosperity, you don't get there with lockdowns, that is biden's weakness, you get there by opening up, the economy in the classroom and that is trump's edge. the second hour of "varney & company" rolls on. okay, we were just going to play a soundbite from president trump, there we go.

>> lockdowns, lay off the misery, you gotta get out of this, we cannot play games, our country has such incredible potential, this country will never be a socialist nation. if you want a vaccine to kill the virus, job to support your family and freedom to live the great, great life that you always want to have, then go cast your ballot tomorrow for your all-time favorite president i hope. [cheering] stuart: all right, there you have it melania, first lady this is west palm beach, florida, the first lady has just devoted and she is now emerging after that vote. that is the first lady of the united states of america and were pleased to have her on our screens after voting. we are going to follow the president and the first lady throughout the morning and they will be moving around a lot so

we will check in whenever we can we have joe biden, he is going back to pennsylvania today, this is most unusual because it is election day and you normally don't do much cam campaigning on election day, maybe he's worried about pennsylvania because he going to scranton and philadelphia, the dow is up 600 points, liquid tear steve corte, trump 2020 senior advisor for strategy. if he is going back to pennsylvania on the election day, i've got to believe he is worried about pennsylvania. >> absolutely, team biden knows what we know, we are leading in pennsylvania, we are surging, i'll give you two reasons, one that we are hustling and earning in terms of policy will give you two reasons, they are both asked words, fracking in faith, those of the reasons we will win pennsylvania, when you look at fracking it's got a full for all

of america but critically pennsylvania and biden and harris have made it clear to the american people they are going to target the american energy industry, that would your pretties not just economic but our national security to make us dependent on foreign sources of fuel. it's a possibility for western pa where fracking has been a lifeblood that has crated a renaissance in that region, and also fate, pennsylvania is a heavily catholic state and were finding a lot of traction because we as a campaigner messaging on the fact that joe biden has gone on the record that saying he once again if he gets in the white house will target the little sisters of the poor, he will harass and intimidate, this wonderful group of holy women who do god's work and simply want to be left alone by the government, they want their religious liberty, they prevailed during the trump administration and they one in the high court, as soon as that ruling was issued, he went on the record and said we will go back after them again, that is not played with a lot of catholics and religious folks in

the commonwealth of pennsylvania. stuart: i have no idea where you get your energy, you're almost a match for president trump, you must've been all night for the last seven or eight days in your bright and cheery in the morning, you're doing all right. >> we take our cues from our boss from president trump if he can work as hard as he does when he's chronologically old enough to be my father i gotta work as hard as he does, he got back to the white house at almost four in the morning, he was on your sister network at fox news at 7:30 a.m. and right now i'm speaking from campaign had a headquarters, he's coming to visit us here and we have a bit of a campaign pep rally, the guy is energizer bunny, he does not stop and i think it matters, such as the policies as critical as those are, that the primary reason he should be reelected but also the fact is letting the people know that he wants their vote. i think that that matters. stuart: i think i'm old enough to be your father as well but that's an entirely different story. thank you for being here, we'll see you again soon, cities

nationwide boarding up businesses ahead of the electi election, the election result, they are bracing for violent protest, here's what the president said about it all earlier today on "fox & friends". >> the other side is radicalized, antifa and frankly if you let people know that they will be hell to pay you would not have any problem but they don't do that, they have the cops stand back, i think it's very sad when stores are boarded up. >> the president sounded a little tired this morning but that is understandable, coming up later this hour we have brian kilmeade commenting on the boarded up cities in our president. the drivers cases are surging in wisconsin, we have the highest number of virus cases of any battleground state, will that affect voter turnout, i'll ask the former governor of wisconsin scott walker, he's on the show,

first maxine waters says she will never ever forgive black men who vote for trump, you will hear it right after this. ♪ eran made of doing what's right, not what's easy. so when a hailstorm hit, usaa reached out before he could even inspect the damage. that's how you do it right. usaa insurance is made just the way martin's family needs it with hassle-free claims, 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 before discovering nexium 24hr to treat her frequent heartburn, marie could only imagine enjoying freshly squeezed orange juice. now no fruit iit is forbidde. nexium 24hr stops acid before it starts for all-day, all-night protection. can you imagine 24 hours without heartburn?

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stuart: why is the market setting new highs on election day, you are up 630-point, the answer, a lot of people believe biden wins but the republicans keep the senate and biden will spend a lot of money, other people believe trump will win and that is very good for the market, either way were up 600 points, nobody thinks it's a blue wave win for the democrats and the white house, the senate and the house. these are not thinking about

that, then up 620. wayfair, the revenue grew to $3.8 billion, a lot of people sprucing up their homes during the pandemic and the stock is a winner, of nearly 2%, walmart canceling plans to use robots and stores, they will stick with real human beings, instead that stock is up 2.3%, then congresswoman maxine waters, she said she will never ever forgive black men who vote for trump. watch this. >> i don't even know where any blocks would be coming from that would be voting for trump, it just hurts me so bad to see blacks talking about supporting trump. stuart: she did say, she would never ever forgive a black man who votes for trump, the lady on the right is janel, janel king i should say, she is with -- or get this right, i will get this right, janel king is with us, the democrats seem to think that

they own the black vote bearing in mind to what maxine waters says, do you agree with that. >> not at all, i am not surprised, especially given her opponent joe collins is a black male. , the democratic party has fear tactics to own the vote for the last 50 years in maxine waters 30 years, they won't black man to be afraid of the police, the government, to be afraid of leading their own home, the list goes on and on but guess what president trump understands if you place opportunity, if you place access to capital in the hands of a black man, they read turn in generational wealth. stuart: your in georgia which is about a nonstate, is it imply? >> it is definitely imply, i am so excited to see what is happening, the democratic party have turned to the super elite and the republican is a working-class, middle-class, minorities, that is the majority

of who we are, i'm excited to see what georgia does, i'm pretty sure president trump will when the state, it's going to be a good night. stuart: you're right about the real switch in allegiance, the democrats have become the party of the elite and the republicans are the party of working people, i want to get your response to kamala harris, she is explaining the difference between equality and equity, watch this please. >> there is a big difference between equality and equity. equality suggest everybody should get the same amount. the problem with that, not everybody is starting on the same place. it is about giving people the resources in the support that they need so that everyone can be on equal footing and then compete on equal footing. equitable treatment if we all end up at the same time. stuart: i'm not sure how to interpret that, what about you?

>> the problem i have with what she's saying, when she speaks the resources, what is she talking about, we have no plan for anyone not starting off in the same place as everyone else and i'm assuming she's referring to black and brown people, here's the thing the president has given us a plan and the platinum plan and given us a plan for everyone, i'm going to stick with the person who actually has a strategy and not somebody who gives me rhetoric to make me feel good. stuart: is the black community buying the platinum plan? >> the black community is buying it and the reason why is because the president has proven in the previous years that he was going to do what he said he was going to do, we have confidence in him, when you have nothing at all to compare to it's easy to take a chance on it, i am hoping and i am encouraging everyone including especially blackmails in the black community and minorities in general to go out and vote for this president to take a chance if you have not already and see what happens but i feel pretty confident you will

be happy. stuart: maxine waters will never forgive you, never forgive you but you know that is true. >> totally fine with me. stuart: i knew you were going to say that, we think you're alright and thank you for being on the show. janelle king. next case the mayor of portland warning of violence from white supremacist organizations, isn't his city under siege by antifa. susan: we've seen a variety of protest from different groups in recent weeks heading into the election. he saw protest after george floyd, and then the following month it was protest with police reform, immigration, customs, even capitalism, hundreds and thousands on the street, violence writing and even shooting deaths recently of approach trump supporter and antifa activists but the mayor says the city is bracing for violence with a wide range of scenarios. stuart: how many businesses in this united states of america are boarding up because they're

worried about abiding when, a violent trump protester busting into businesses, how many are worried about abiding when. stuart: i would say big cities. they're not worried about abiding when they're worried about a trump when, people in the cities might write, it's not trump supporters that are going to write. susan: i would say the boarding up is probably for both sides to be honest. stuart: next case, let's go to lady gaga under fire for mocking rural borders, lauren i consider myself a rural voter occasionally, what did she say. lauren: i watch the video several times, i think i find it odd and cringe worthy, let me show you part of it. >> hey, this is lady gaga, i'm voting for america which means i am voting for joe biden. if you live in minnesota,

pennsylvania, georgia, michigan, florida or arizona, i encourage you to vote and if you have a friend that lives there, tell them to vote. lauren: she has a point, the battlegrounds are important but what's the point of this video she's decked out in camo, chugging a beer which he later throws on the floor, she standing in front of a pickup truck, issue mocking rural americans, working-class american, maybe even the trump voter but with a trump campaign tim murtaugh had a great response and says nothing exposes biden's estate for the working-class people like anti-fracking lady gaga, 600,000 pennsylvanians employed by the industry. stuart: well said, i'm going to show you video, joe biden has just gotten into his car, a little jerky video but he got into his car after visiting his childhood home in scranton pennsylvania, remember joe is

going back to pennsylvania, going to a couple of locations, philadelphia and scranton, he just went to his childhood home, there were crowds of people there but nothing at all like the enthusiastic crowd that greet president trump wherever he goes. democrat run cities are indeed starting to shut down as the virus worsens. chicago, restaurants are closed, massachusetts got curfew for heaven sakes, i'll see what larry kudlow makes of all of this in the next hour, he's on the show, what of the impact of the economy of the new restrictions. trump doubling down on the lot and order during the election rally in kenosha, wisconsin, will that help him in wisconsin, alas the former governor of the state scott walker next. >> we have a lot of police here tonight. [shouting] ♪ did you know you can go to libertymutual.com

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stuart: is this the height of the day, awfully close, up 650 points, the best part of 2.5%, look at the nasdaq up over 2% with a 200-point gain, 2.2% gain for the s&p, this is an election

day rally, have at the price of gold, i believe it's about $1900, 19.04, how about oil, not making any headlines, $137 per barrel, gas staying cheap, i love this, the national average is down $2.12 since a gallon, that is a regular, the cheapest gas is missouri where the regular average is a dollar 78 and of course the most expensive state in the nation by your gasoline is california $3.17. energy stocks, if you take the overall picture, they are looking pretty bad, they are way down. susan: going back to the great depression, the lowest point since 1931, at least when it comes to underperformance versus the broader s&p 500, the energy stocks have only gained 3% in the past 20 years while the broader index is up 130% and that's what oppenheimer's 22 when you talk about

underperformance and it's been a bad year for energy stocks, worst performing sector in the s&p, not surprising since the largest oil company said the profit dropped by 45%, that's a recovery but from a historic drop that we saw from march - june, why is this important, the largest ipo ever in history, $30 billion, the ipo assuming oil prices would be yet over $70 a barrel. stuart: there at 37 as we speak with very little prospect of going much higher, ramp is in trouble, the oil companies. susan: you would think investors are little bit missed that they bought into the assumption. stuart: you could say that. thank you, now look at this, wisconsin has the worst virus outbreak of any battleground state, over 3400 new cases reported yesterday, up 500% in two months, common scott walker, the governor of wisconsin,

governor, the worst record for new virus in cases of all about around state, is that what is affecting the president support because he's behind in wisconsin? >> it's a serious issue but if you look at the public polls four years ago, the university of law school, probably the most reliable showed hillary clinton up by six points, six days before the general election, this year six days before this election day last week, the polls showed joe biden up by five points, i think it's reflected the fact that it's really hard to measure particular wisconsin republican leading voters critically voters any towards a president and i think it's going to be just as close as it was four years ago when the president is barely one which slightly lasted 50% of the vote. stuart: i'm going to show you president trump holding a rally in kenosha, wisconsin.

he is obviously touting his commitment to law and order. watch this please. rotate. >> we have a lot of police here tonight. i stand with the heroes of law enforcement i was honored to be endorsed by kenosha county sheriff, as president i will ensure peace and order in this country. stuart: that was kenosha, wisconsin, does that stand on law and order put him over the top and win him the state? >> i believe so, kenosha was a critical place for him to be out last night and the last day of campaigning, not only for law and order but for the fact that green bay down to kenosha industrial cities are the key to winning the state of wisconsin, those areas to win three statewide races, it's even more important, law and order is critical for kenosha but it's also a big deal in other parts of the state as it is around the

country, people look at kenosha and say it could happen there or anywhere, joe biden, kamala harris ignored things until they got out of control, donald trump came in and saved kenosha just like he can save other places given the chance for four more years. stuart: one noticeable thing around the country, a trump probably brings extraordinary enthusiasm, i take it you were there, you saw this in wisconsin with a trump rally. >> we see it all over, we solving green bay at the beginning of the week and last week in waukesha, certainly it is not just unique to wisconsin, we see it across the nation, 58000 people in pennsylvania, there is unbelievable enthusiasm, we see it on the streets, we just gotta make sure people go out and have the turnout i had a may recall years ago not enough just to get republicans out, you've got to get every friend, neighbor, coworker, those are the people

you're going to make the difference, the last-minute swing voters and trump supporters i think are pumped up to get them to the polls. stuart: it looks like were happening, we should green bay the polling station, a lot of people very early in the morning. governor walker, they give for joining us. back to the market, we are holding onto a 600-point gain for the dow industrials, 27500, that's where we are. a look at the airlines, no specific news on the airlines, there still bubbling around at the low levels. susan: bumbling around, big choice of words. stuart: there's no script you come up with strange words. they are bumbling around, dow 30, et cetera et cetera, jetblue, $12 per share. how about that. the major cruise lines canceling more trips until when lauren? lauren: until next year, with the market rally like this, investors don't seem to care coming of carnival, and

norwegian canceling cruises through december 31 of the biggest reason is the cdc, they put out the guidelines and their stringent, the cruise lines have to apply for permanent at least 60 days before setting sail, you're talking january at the earliest and then they have to set up testing labs on the ship so they can test every crew member, every passenger before they get on and when they get off, also figuring out how to isolating quarantine passengers on the ship and on shore to make sure that they need to, it's tough for the cruise lines. stuart: very tough i would say that for sure. it is tough obviously. i've got apple on the screen coming up $1.75, 1.6%, there introducing the first. >> , with their own computer. susan: that's a big deal you saw that they sold $9 billion in max last quarter, that's a record

amount of. >> sales and why, people are working from home, schooling from home and thereby their. >> computers so we had apple saying one more thing taking place on november the tenth the week after the election and what they're expected to introduce is their first. >> with their own apple made chips called apple silicate, why that is a big deal, when apple, their big and everything, once again they can usually dominate, that is why intel has underperformed this year's because intel used to be the exclusive supplier of chips into apple. >> computers, no longer the case and when apple can make their own chips, maybe they consult other people. stuart: joe biden outside of a restaurant in scranton, scranton is his hometown, he went to his hometown earlier, he addressed it extraordinary small crowd, maybe 30 people there if that, not many making much noise, outside of a restaurant in scranton, he's coming out, not that many people, remember this is unusual but the presidential

candidate should campaign on election day, tradition has it that you don't normally do that, maybe joe is worried about pennsylvania because these got back there today, scranton and later in philly. we will follow the candidates alter the day on this election day. still ahead tomi lahren's going to be here, she is confident trump will win the election, she's going to make her case in the next hour. and 50 says he's voting for trump because he doesn't like the 62% tax rate that you might get under biden. what about nfl star tiki barber, what does he make of a 6 62% tax rate, in other words the government takes 62 cents of every dollar that you earn, how do you feel about that. i will ask him. ♪ i just wanted use ♪ your love tonight ♪ [typing]

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stuart: you are looking at us all again for the dow, might be the biggest one-day gain in five months, it is certainly a rally up 2.2% for the dow, up 1.7% for the nasdaq, it is a rally, 50 as in the rapper 50 cents, he got backlash because he does not like joe biden's possible 62% tax rate that he might impose on wealthy people, look who is here, tiki barber former new york giants running back, he is a bid into a big smile, wait till he hears the question, you do well financially, we both do how do you feel about a 62% tax rate. >> you know as well as i do, i've a smile because i get a chance to engage with you, it's always a joy, we all know it's marginal, 62% potentially, it's gotta be passed and pushed through but it's marginal income, it's the top end of your

income that you would have to worry about but it's a large and striking figure that puts fear in the minds of a lot of people, it's election day politics, i get it, it is interesting by consulting with tax professionals is the best way to determine your tax liability. stuart: if you live in new york city or new york state or new jersey, do you live in new jersey. >> you said you're. stuart: you're going to die, new jersey, they are going to tax you up the walls you. take it from me, i think when any government takes more than half of any person's income, that is flat-out immoral out of bounds, will you join me in that? >> i cannot disagree with that, tickets one of the issues that a lot of high income individuals worry about and it pertains to the selection and even if they are not necessarily on the right

or the left, they care about their wallets and the dollar signs and how it helps them affect their lives. stuart: so do you. >> of course, everybody does. stuart: pound the table and say we ain't going to take it, were not going to pay 62 t 2%. president trump watching fo politics of watching football pre-watches for second. >> the nfl is doing very badly, you know why everyone is watching politics, they find politics to be much rougher than the nfl. [laughter] , much dirtier and more disgusting. [laughter] stuart: politics more dirtier and disgusting than football, you been in the super bowl , tell us. >> he might be right to be honest with you, politics has become the water cooler conversation these days, used to be, did the giants get robbed on monday night football against the buccaneers, now it's about

having back-and-forth about politics, it gets heated, you know this as well as i do, almost more so than sports, you can point to that a couple of years ago as being the factors in the nfl ratings because of the elections four years ago. stuart: because you will not pound the table and objectors 62 cents per dollar -- because you won't do it the producers are cutting me off, were out of time we have to go to a hard break. >> were all for reason on election day, get out and vote, that's the most important thing. stuart: i am with you, thank you. cities nationwide boarding up ahead of anticipated election night and rest, we are going to get into that and more with brian kilmeade who is next. ♪

stuart: this is not the height of the day but we are up there, 611 points of from the dow and the nasdaq doing well, up 220

points, let's have a look at big tech, their home is on the nasdaq and big tech is doing extremely well, apple is up 2%, amazon is up 2%, facebook is up nearly 3%, off about is up 1.6%, they are lagging for heaven sakes and microsoft is up 2.4%, the time is 10:51 a.m., brian kilmeade joins us, earlier today the president joined you on "fox & friends", he specifically called out joe biden's connection to the squad, i want to show the audience what he said. >> that group of people is probably close to impossible to run, i call that the aoc plus three, it is a tough group to run and they would take the country into a terrible place but joe is going to have a hard time, he will not be able to handle that. stuart: what do you say to that, it's pretty categorical, he's basically saying he wants to run

the party. >> we've been talking about th this, what we did, we rolled in the bernie sanders clip of the zoom call which is put out to the public addressing and trying to buck up aoc plus three and saying we will make in the most progressive president ever, we will get our agenda across push for the new green deal and demand medicare for all, think about the frustration for the president, he knows that is the agenda that he will not fess up to it, he slipped on fracking and natural oil and gas and kamala harris stands directly against that, net-zero carbon might be responsible, she wanted today, what would that do in texas, the president cannot get in to admit this is going to be the agenda, maybe he does not know he will be steamrolled, there couldn't go out bite in

the way they do trump, if you do believe biden stands for something, i'm not sure because he fairly ever campaigns, then he is not going to have a shot even his running mate does not believe what he believes or says he believes, that is the frustration for the president and that's why he rolled in the clips of his events to see the duplicity. stuart: i'm going to run a tape from an hour ago, this is from pennsylvania where joe biden is there, this is in scrim pennsylvania, that is joe biden i think he's going into a restaurant or his childhood home, that's his childhood home, the thing is that is not a spontaneous crowd, he's got a small crowd of people who are following them around in his car, the following them around pennsylvania, that is nothing like the crowd that the president is bringing out in pennsylvania. >> why is he going there twice today, this is a guy that was

campaigning once a week, he needed five days to get ready for debate in three days to recover, why did he have to schedule he had yesterday, why is he in pennsylvania twice today, why does he insulate himself that might give them a tough question, the president sits there every day and says next, works his way up and down the line, do the american people really look at both of these men and say they both are approaching this in the same fair equitable way, are they actually seeing the media is giving equal scrutiny to both sides, not close, i think the average person, not knee-deep in politics demands more from the press and demands more from a candidate who wants to be president. stuart: there's no social distancing in that crowd, none whatsoever, maybe joe is pulling back from lockdown joe, we have the last review ten seconds that's it. >> i really think florida is going to see so much, they will come in the quickest of the president loses its virtually over mathematically, if the president wins like we talked to rick scott about, he thinks it's done he thinks they will win, then it's game on the rest of the way throughout all the

polls. stuart: we gotta watch all night long, thank you very much for being with us. this is a great day. >> take you for having me in jersey. stuart: my home state. big-money bets on the line on the outcome of tonight election, how much money are we talking. susan: a billion dollars. it is illegal to vote here actually bet on the election in the u.s. so they bet overseas and according to the overseas bettors are seen a billion dollars, that is double than what you saw in 2016, you just heard from brian kilmeade, you have to drop the polls and that's right with the betting odds, real clear politics says it 60 - 40, that the most 50/50 and way better than it was a week ago, that shows you this is competitive and it's going to be close. stuart: let me straighten out, the people who put their own money on the line, they are suggesting it is closer, the polls are suggesting.

susan: when people but with their money that's were you get the real odds. a big show coming up with kelli, herschel walker, tomi lahren and yes larry kudlow will join us to, you're going to get my take on what i think the next administration really needs to do for america. the third hour of "varney" right after this. ♪ gives us confidence... ...so we can spend a bit today, knowing we're prepared for tomorrow. wow, do you think you overdid it maybe? overdid what? well planned, well invested, well protected. voya. be confident to and through retirement. - hey kaleb, what's up? how you doing? - hey, i'm good, guess what, i just had my 13th surgery. - really? i just had my 17th surgery. - well, you beat me.

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>> it's time for donald trump to pack his bags and go home! >> we're going to have a red wave. we call it the great red wave like nobody's ever seen before. >> joe biden has seen these polls tighten, and we think it it won't come down to one state, in fact, we will win many more. >> if anybody is supporting joe biden, let me hear from you right now. how about if you're supporting president trump? [cheers and applause] >> the market's looking at this, and they're the realizing that president trump is going to be victorious, and we're going to have some certainty. >> we've got 47 months of his track record against 47 years of no track record. >> i think the up market today is pretty good news for donald trump. ♪ the eye of the tigerrer, it's the thrill of the fight -- ♪ rising up to the challenge of

our rivals ♪ stuart: i know this song. it's rocky, isn't it? >> you of the tiger, it was in the rocky movie. stuart: it was in rocky movie. i think it's very appropriate to play on election day. up 650, 660 points for the dow jones industrial average. i'd call that a huge rally on election day. remember, it follows a 400-point gain yesterday. huge rally, huge show. kelly sadler's coming up, herschel walker's with us, tommy lauren is and, yes, larry kudlow on election day on this program. let's check the overall market, you've really got to see this. we're up 625 for the dow now. all eyes on the nasdaq, please. that's up 234 points. that's 2.1%, and the dow is up 617, 2.2%. this is an election day rally. and now this. what do we need from the next

administration? what does america need in the next four years? here's my answer: prosperity and unity. how do we get there? my opinion, we grow the economy to create prosperity, and we move away from identity politics to create unity. i think i can be an objective observer of the american scene. i chose to be an american citizen. i think i know what works. prosperity works. america needs to return to prosperity, and the way to do that is, first and foremost, open up the economy. there's no prosperity in a lockdown. millions told

joe biden and the democrats talk in terms of groups of voters, not americans. they slice up the electorate. we live by the rules laid down by the constitution, and the constitution does not divide us, it unites us in this great -- drop the politics of identity and end the division. isn't that what americans want for the next four years? the third hour of "varney & company" is about to begin. ♪ ♪ stuart: you've got to look at that market on election day, because it's going strong. up 600 for the dow.

ed yardeni is with us. you're looking at the rally, ed. what is this market telling us about the election? >> i don't know, it's hard to say whether this is a real vote for either candidate or -- i think the market may be voting for gridlock or expecting gridlock, and gridlock generally has been bullish. this past weekend barron's wrote a front cover story. i have it right here, and it's got not biden, doesn't have trump on it, it's got jerome powell, the fed chair, and it's titled the winner. and i completely agree with the premise of the story that no matter who wins today or the next few days, jerome powell's still going to be with us until 2021, early 2021, and he's made it very clear they're going to keep interest rates near zero. i think the article reminded a lot of investors this that no matter who's at the white house, who's in the majority in the

house and senate, monetary policy is going to remain extraordinarily loose, easy and bullish for the stock market. stuart: did i read somewhere, ed, that you think we're going up another 7% from the levels that we're at now in. >> well, from the levels we were before the prior rally of the past few days. i'm, i think we'll be back testing the highs of september 2nd, so that's 3500 on the s&p 500 and 3800 by the middle of next year. i think we're going to get through this virus. i think we're going to get a vaccine, i think we're going to learn to live with it one way or the other. and i think once that all happens, i agree with you, we're going to have prosper few. i call it the roaring 2020s, and i see a lot of reasons why that might actually occur. stuart: wow. ed, that's very strong stuff. the roaring 2020s? i mean, from here on out it's like the 1920s until 1929 and the crash, but is there a similarity? is there really?

>> oh, absolutely. 1918, 1919 there was a horrible pandemic, much worse than this one. the spanish flu killed millions of people. and then we had a terrible recession at the beginning of the 1920s. and who would have thought back then that we were going to have all these technological revolutions in automobiles, electricity, plumbing? this time around we know there's a lot of technologies out there that are just starting to proliferate, and they're going to create tremendous prosperity, i think, over the next several years. stuart: this is extraordinary stuff, ed, was we've lived through a year of very negative headlines -- >> right. stuart: -- toxic politics and a lot of gloom and doom in the financial world. and suddenly it's election day, and you're talking about the roaring 2020s. okay. i've got 30 seconds left, and it's yours. take it and run with it. >> well, look, there are a lot of technologies that we know are out there. we're going to have batteries

that last a lot longer, that keep a charge a lot longer. that's going to be electric cars. so i think there's going to be a revolution there. and this is not a forecast. we can see that it's happening. i think we're seeing a lot of technological innovations in food production. i mean, if they can actually start to produce food in factories and they a taste reasonably likely, what we get now, that could actually solve a big part of the climate problem that we have out there. artificial intelligence, robotics, all means that supply chains can come back to the u.s. in a very cost effective way. maybe we'll have empty malls, but they're going to be destructs centers. heck, why couldn't -- distribution centers. why couldn't you just put a 3-d manufacturing facility to make lego homes and just load up the components on the trucks and the loading vans and have three people assemble them?

so there's so many technologies that are out there. and that's where economists always go wrong when they're pessimistic. they never really appreciate that technology solves problems, that technology is solving a lot of our problems right now. stuart: ed yardeni, you are the ideal guest for election day 2020, absolutely ideal. >> thank you. stuart: you came through with shining colors. thank you, ed. if you're not careful, you'll be back. seriously, we do thank you, appreciate it always. >> thank you. stuart: look who's here now, lisa boothe, fox news contributor. who do you think is going to win? >> donald trump. and this is why: one, it's very hard to beat an incumbent president. secondly, joe biden has spent this entire election convincing americans to vote against donald trump, but he hasn't convinced americans to vote for him. and i think that's going to end up being his biggest problem. and, in fact, the democrat party hasn't done a good job of convincing americans to support them.

instead, they have become the party of intolerance, the party of violence. and it's the are republican party that has become a widening party, a part that is open to all where it has soon the likes of brett favre to lil' punk coming onboard to support donald trump. stuart: so you think he's going to win. how about that? you're out on a limb there to some degree, because the polls say otherwise. but -- no, go ahead, go ahead. >> well, stuart, i would say about that, how many times throughout the trump administration have all the people in the media, all the people who are supposed to be in charge, supposed to have all the knowledge been consistently wrong about everything? so why do we continue to listen to them? i mean, this has been a phenomenon that we have seen throughout the trump administration where every person has continued to be wrong, yet we still have to continue to listen to them and hear from them. and this is why donald trump is going to win the election. the obama/biden administration for eight years waged a war against the working class voter. they defected in 2016.

they will defect again in 2020 because joe biden hasn't shown them why they can trust him with 47 years we have he has gotten -- he has gotten nothing done, and he's failed to follow through on promises. additionally, i think donald trump has made husband way to black and hispanic -- his case to back and hispanic voters, and if he'll also improve on his margins with hispanic voters at a much higher rate than he did in even 2016. stuart:s this is turning out to be a dynamite and exciting show and, lisa, thank you very much for being with us. terrific stuff. we always appreciate it. see you soon. all right. the market is showing a veries nice rally pretty much across the board. i've got the financials up on the screen right now. in a major upside move for the market, i see the banks doing very, very well. jpmorgan is up 4%, is up 3-- citi is up if 3.3%, even wells fargo up 2.2%.

big tech, whoa, look at this. apple is up 2%, amazon nearly 2%. facebook, 2.7%. microsoft is up a whopping $5 a shower. yeah -- share. yeah, there you go, 2.5%, and alphabet up 1.7%. however, i'm looking at alibaba which is way, way down. ooh, 6% lower. >> down as much as 8%. that's the worst day forral huh e baba in nearly -- alibaba in nearly six years. blindsided by china's regulators now canceling the record-breaking $37 billion upo of their -- ipo of their financial arm, anchor. this was supposed to be the world's biggest ever ipo, and alibaba just apologizing, returning the cash back to shareholders. china says they implemented last minute financial rule changes on monday that resulted in a last minute meeting between jack ma and the chinese regulators. after that one-hour-plus

meeting, the group's ipo was canceled and disqualified, and this is a big blow to alibaba's investors because a lot of this runup has been because of this cash rate, and they were expecting this record ipo. that's been a surprise. stuart: this is china's amazon. >> that's right. stuart: that telling you how big it is. >> the fifth largest in the world and getting this from china's regulators, what does that say? stuart: it's called a bombshell. thank you, susan. still to come, larry kudlow is on the show today. i'll ask him about the threat of new lockdowns in this country and what it might do to our economy. we'll also speak to herschel walker on the backlash facing athletes who support president trump. but first, the key to today's election could be turnout. have the republicans closed the registration gap in battleground states? we'll ask. and look at this, mail-in ballots being counted at the convention center in philadelphia.

whoa, yes, it is a big day, and it's a big market rally and the bug third hour of "varney" rolls on. ♪ ♪ you downloaded the td ameritrade mobile app so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard before we board. excellent. and you have thinkorswim mobile- -so i can finish analyzing the risk on this position. you two are all set. have a great flight. thanks. we'll see ya. ah, they're getting so smart. choose the app that fits your investing style. ♪ noand if you're troubledan a liby falls and bleeds,ners. worry follows you everywhere. over 100,000 people have left blood thinners behind with watchman. it's a one-time,

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♪ ♪ stuart: keep a close eye on pennsylvaniaed today. joe biden making stops in scranton, can and he's on on his way to philadelphia. you can see the crowds around him. i'm going to caution, those are not organic crowds. they're not sprouting up in all the different places that he's going to. that's a crowd that's been following him all day. they get in their cars and they follow his car. that's all you've got here. this is not like a trump rally at all. meanwhile, we're going to go to pittsburgh with grady

trimble. he's there. grady, the "pittsburgh post-gazette", the newspaper, endorsed trump. first gop backing since 1972, i think it is. you're talking to voters there. what are they saying? >> reporter: well, i'll untiling you, stuart, it really depends on which part of the state you're in. here in pittsburgh, as you might expect in a big city, we're meeting largely democratic supporters. but then in the more suburban and rural parts of the state, that's where we meet the republican voters. it's really hard to say which way this race is going to go because of that. what we do know is so far democrats have really embraced mail-in voting a lot more than remoneys have. so what the -- republicans have. so the president counting on a large in-person turnout today on election day. we talked to joe biden supporters here in line this morning, and even they tell us they're expecting republicans to come out in full force. listen. >> i think a lot of republicans

will come out today and vote even if it is a little inconvenient. if they want to get their voices heard, they're going to. and they should. >> i just feel like i know exactly that i'm putting my vote in. i think the mail-in voting is a great system, but i wanted to make sure i was on the day, and i felt more secure that way. >> reporter: now, some counties like where we are right now,al gainny county --al gain gnu county, they've already started counting those mail hundred votes, but seven counties are actually going to wait until tomorrow to do that. if this is a close race, it might be a while before we have the full results. 9 what the republican strategists we've been talking to say the president really needs to build a lead today with in-person voting before going into those mail-in ballots getting counted tomorrow. and just to end on a little bit of color, stuart, this is actually the arena where the pittsburgh penguins play, it's been turned into a polling place like a a lot of arenas have. if you vote, you get a custom i

voted sticker with the penguins' logo on it. so a little interesting 2020 twist to this election. [laughter] stuart: i got it, grady. thanks very much, indeed. i want to bring in kelly sadler, communications director after america first. kelly, i want to talk about registration of voters. there has been a gap. you are trailing registered democrats. have you closed the gap? in battleground states, i should say. >> yeah, we're closing the gap in the battleground states. now, this is something we've been very active on throughout the summer. in the state of pennsylvania, for example, democrats have an advantage. there's more registered democrats than republicans. but recall in 2016 the president won pennsylvania by around 44,000 votes. republicans since 2016 have registered 200,000 new voters, new republican voters in the state of pennsylvania alone. and they're in critical areas like in scranton and the suburbs

of pittsburgh where we know these voters are motivated by the fracking issue, by the economic issue and what the president has delivered with all of these trade deals. in the state of florida, we had something similar. in 2016 there was 400,000 more registered democrats than there were republicans. the president still eked out a win. but today as it stands, i think it's like 170,000-voter difference. so we closed that gap, we've also closed it in north carolina and in arizona. stuart: okay. some good news from gallup. they've got a poll that shows 58% of voters say they're better off now than they were four years ago. obviously, that's good for mr. trump. however, is the economy the major issue in this election, or has it shifted to the virus, opening up, masks, vaccines? what do you think? >> i think that'll be determined tonight. we'll have a better read on that situation. i mean, obviously, there's been two completely different campaigns. the president has been running

on reopening the economy. we've got the therapeutics, we've got the vaccinations in the pipeline. but we had 33.1% gdp growth last week, and this doesn't even account for states like new york and california that are still shut down. meanwhile, you have joe biden out on the campaign trail saying that he is for these lockdowns. you have pete buttigieg who said, yeah, dr. fauci wanted another shutdown, we might have to go with the science here. not i saying that the president is against the science, he is just for the economy. he's for reopening, resuming our lyes, taking the -- lives, talking the prevawtions that we need but, you know, we need to reinvigorate this economy. he's done it once, he'll do it again, and we'll see tonight where the american people fall on that issue. stuart: you are very confident, aren't you? >> i feel so good today. i see the red wave comingment when lisa booth was on, the polls have discounted us, the journalists have discounted us, but we feel confident in our

ground game, turnout and where we stand at this moment. stuart: it's historic, it's gripping, and we're all into it. kelly, thanks for joining us. >> thank you. stuart: joe biden making last minute changes to today's schedule. he's made stops in scranton early this morning where where you saw a group of people following him. but look, no social distancing. have you noticed that? >> uh-huh. stuart: maybe joe wants to get away from his lockdown joe nickname. i believe that he is now on his way to philadelphia. not sure what, how many crowds or how many people are actually going to follow him there, but he's on his way. we have yet to see president trump. however, he is expected to go to arlington in virginia this hour. it's a motorcade, i believe, and i wonder if there'll be lines of people on the side of the road watching him. i don't know about that, i'm not promising -- >> he's worked pretty hard, 15 rallies in three days. you heard him on "fox & friends" this morning, and you hear that in his voice, shouting to the crowds the last three

days and thousands of people. [laughter] stuart: saying it, i don't know how he does it. >> i know, the energy level, it's incredible, isn't it? remember eric trump told us he doesn't drink coffee either? it's incredible. stuart: doesn't he get his calf fee from coca-cola? >> that's right the, diet coke. you would need to to keep up the schedule he's kept really through the entire campaign. remember, he was sick with covid just a few weeks ago in the hospital. stuart: right. two weeks ago, he was in the hospital. extraordinary stuff. >> to execute like this -- >> stuart: meanwhile, the market, we've got a full-blooded rally. we're up 666, 2.5% on the dow. anything to add? >> five month highs, i think it's encouraging. i people are just selling just to keep some cash beforehand before the vote and now buying in. stuart: they're buying all right, got it. tommy lahr run will be with us shortly, and she predicts a

landslide victory for the president. foreman nfl star -- former nfl star herschel walker. >> scared by the big, bad bogeyman, this virus that they keep talking about. we don't want a lockdown. let's get out there and fight. stuart: tell it how it is, young man. herschel walker joins me next. ♪ move along, move along like i know you do. ♪ even when your hope is gone, move along, move along duck businesses today are looking to tomorrow.

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♪ ♪ stuart: the state of florida has 29 electoral college votes, and the rouse in florida is -- the race in florida is kind of tight. phil keating is in miami beach, florida, and i'm going to ask him: from where you're standing, young man, is it a biden or a trump win? which is it? >> reporter: i missed the second half of the question. stuart: i'll repeat it. >> reporter: from where i'm standing, young man -- [laughter] stuart: is it a biden or a trump win? [laughter] >> reporter: ooh, it is a toss-up. i mean, seriously. the most recent abc/washington post poll that came out a couple of days ago showed trump 50%,

biden 48 president, but the -- 48%, but the real clear politics average has been putting this as an absolute statistical toss-up. like always in florida, or it's too tight the call. but right now it is underway, that is election day voting here at this fire station. there's about three people in there, it's almost lunchtime. we expect it to punning a little bit. of course -- pick up a little bit. florida, battleground florida typically decided by about 100,000 votes on presidential elections. so far people have been voting here since 7:00. the early morning crunch looked a lot like this, a couple of dozen people lined up socially spaced out, all wearing masks. those are the rules. and we spoke with the very first guy in line after he voted. >> our vote counts. makes a huge difference, and right now every vote is counting towards our future. >> reporter: every supervisor of elections office in florida

for weeks they have been scrutinizing questionable mail-in ballots. for example, where the signature on the envelope. is not exactly like the one on file. yesterday and even today people with mail-in ballots who still had not mailed them can still come drop that ballot off in person. otherwise, if you waited til today, you've got to go in person. the upside is, huge turnout and long lines are not expected at all. historic early voting in florida has resulted in 9 million ballots already cast, both by mail and in person. the broward county supervisor of elections says he expects today to be and feel more like a municipal election than a presidential election. >> pretty smooth operation because there are, there's so many people have voted. i think there are very few people left to vote. i think about 125,000 maybe will vote tomorrow. and that's a very manageable number for broward county.

>> reporter: florida polls close at 7:00 tonight. keep in mind, though, florida's panhandle's on central time, so the state's division of elections waits until 8 p.m. eastern once the panhandle polls is have closed to then finally start releasing all of florida's early tally. so the nation must wait until a little after 8:00 to see what battleground florida does. remember, trump won it it by 1.2% four years ago. obama won it if other two times before that. so it goes both ways in florida, and that's why it's so hard. back to you. stuart: phil keating, determined to play it down the middle and not make a forecast which might prove i erroneous. keating, you're all right. see you again. thanks, phil. let's get -- we've got this for you. this is a new yahoo! sports article and asks this question: why are so many ex-athletes

risking their legacies by endorsing president trump? herschel walker is with us. he has endorsed and supported president trump. herschel, are you, do you think you are risking their legacy? >> i'm not risking my legacy at all, and what's more important is i'm creating a legacy because i want the frum people expect people of color -- african-american people and people of color to vote for the right person for this country. because we are all americans, and i think that's what people want you to do now is just continue to be latino or continue to be african-american or continue to be of color rather than just being an american. stuart: okay. herschel, i want you to listen to representative maxine waters, congresswoman. here's what she says about black trump voters. roll tape. >> it just hurts me so bad to see blacks talking about

supporting trump. i will never, ever forgive them for undermining the possibility to help their own people and their own communities. stuart: all right, herschel, have at it. what's your reaction to that? you're laughing. why? >> well, i'm going to respect my elders, but let me be honest here, isn't maxine waters the one who told people to get up in people's faces? she's inciting violence. why is no one not kicking her out? she's been in office a long, long time. have you seen her pass anything to make anything equal? i don't want to hear them putting the blame on anyone else. now she's upset that people are starting to educate themselves and see policies that fit them. and then her opponent said she doesn't even live in the district that she represents, and she's living in a million dollar house when people in her district starving. so don't come to me with this rhetoric right now. i want people to realize the

person that'll be in office is someone that cares about the people and someone who is not going to go out and try to put money in their pocket, but put it in the people's pocket. and i think that's what's important. and i'm sorry to say this to ms. waters, but people have to educate themselves. they're not just democrat or republican, they're both. they can vote for whoever they like, whoever they think that is suitedded to run this country -- suitedded to run this country. stuart: all right. herschel, some states are adding more restrictions because of the rise in virus cases. restaurants closing in chicago, boston's got a curfew. i know you are against lockdowns. go at it, please. >> well, i'm totally against lockdown. i'm tired of being threatened, i'm tired of being afraid of things. and a what they're trying to do now, the democrat party is trying to put fear in america. the cities are boarding up because they don't have great leaders there. and what the leaders should have said anyone that break a window,

anyone that breaks the law during this time gets a mandatory prison sentence. and and i'm talking about a prison sentence. until you get control, this country's going to continue to be chaotic e. you have to tell people what the deal is. what the deal is this is what we've got going on, people. we can't get a lockdown. this virus is not donald trump's fault. you see these other countries are going through it. and then if we lock down, our first responders and our military going to be out there by themselves trying to protect us. why don't we help by going out, continuing to fight this virus like everyone else is doing, hit it head on. we've got medicine right now, and you've also got, we've also got a, a -- stuart: you just make so much sense. i'm sorry to break in on you, but i've got a hard break coming up. but you do make a lot of sense. >> all right then. stuart: hefer shell walker, everyone. good man. check the market, we're holding on to a very solid rally. dow's up nearly 2.5%, up 654.

have a look at this, these are the ride-share companies. i'm talking now uber and lyft. this is all about prop 22 in california. of. >> yeah. proposition 22 would exempt uber, lyft, all these economy companies from having to reclassify their drivers as employees with benefits, which would be a huge threat to their business model, right? right now it's on the ballot, probably the most expensive one in history for $200 million. but the university of berkeley saying that 42% are saying no, 46% say yes. you have 12% undecided. you need above 50%, and this is important because if it happens in california, this could go across the rest of the country. stuart: so a yes on 22 gets rid

of the restrictions -- >> yes. stuart: which is a huge thing. >> but look at how their stock is trading. stuart: good, good. 100% good. >> we'll see. stuart: still to come, larry kudlow. i'm going to is can him about this -- ask him about the threat of these new lockdowns. and we've got a new study, young people are becoming more comfortable with socialism and marxism. tomi lahren fired up about that. she also thinks the president's going to win in a landslide. stay tuned for it all. ♪ you say you want a revolution, well, you know -- ♪ we all want to change the world ♪

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♪ ♪ >> our country could never be the same country if they win because they're radicalized left. joe biden will never call the shots, and if he does, he's not going to be there very long. i ended up with 306. that was a good number. 223-306. and that was a big number. and i think that we will top it. stuart: that was the president on "fox & friends" early this

morning. tomi lahren is with us, fox nation host. you're predicting a landslide one for the president. what makes you so confident? >> i'll tell you what, in the last week watching the american people show up to his rallies in such impressive and massive numbers. remember, those are just the trump supporters that are brave and bold enough to go stand in line and show their vocal and outward support for donald trump. that doesn't even include the whisper voter, the silent majority that doesn't show comfortable showing support for trump but will when they vote. i'm expect expecting a bigger win than 2016, and it's going to be a great day for this president. stuart: i don't know whether you saw any of this, but yesterday i saw quite a few of these caravans of trump supporters honking their horns, flying the flags up and down main streets all over the place. i saw fly-byses.

i know know they happened in florida, planes with the trump sign on the back. we saw flotillas. i've never seen anything like this before. i don't know where you are right now, but did to you see it yesterday? >> i saw it yesterday when i was in north carolina, and i saw it yesterday when i was in nashville, tennessee. you know, the enthusiasm for this president, we are is so tired in the silent majority of being beaten down, being shamed, being called deplorable, racist, intolerant, and it's time we said this is not just a fight to reelect donald trump, but it is a fight to maintain freedom, it's a fight to stave off socialism, and we're not going to be quiet anymore. we're going to get vocal, and we're going to be proud. stuart: i was going to have you go on to bash socialism, but i'm 234r59 out of -- flat out of timeing but i'm watching you on fox nation, and we appreciate you coming on and telling us you think trump's going to win big. let's see. let's see. i'm in hope with you. tomi, see you again soon. thanks very much.

>> sounds good. stuart: think i got it right. larry kudlow's next. ♪ ♪ oh, everybody's dreaming bug non-valvular afib can mean a lifetime of blood thinners. and if you're troubled by falls and bleeds, worry follows you everywhere. over 100,000 people have left blood thinners behind with watchman. it's a one-time, minimally invasive procedure that reduces stroke risk-- and bleeding worry--for life. watchman. it's one time. for a lifetime.

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add it to yesterday re's gain, and you're up 1,000 points in a day and a half's worth of trading. look who's here, larry kudlow, national economic council director. larry, to the program on this -- welcome back to the program on this auspicious day. >> thank you, stu. stuart: we've got restaurants in chicago closing down, we've got some curfews in massachusetts. we're adding some restrictions on economic activity in various parts of the country. do you think that affects the economy's performance in november and december? >> well, not at the moment. i mean, i don't agree with that point of view, neither does the president, neither do our health experts, by the way, from vice president pence's task force. you've got to keep the economy open. very important to keep the economy open. you have to do it safely with masking and distancing and good hygiene and testing and, you know, be careful in close quarters. but still another shutdown is not going to work. we did what we did last winter.

we're at a different place today. we have vastly better equipment, much more knowledge and experience. we know how to do targeting. that's the key point. we know how to do targeting insofar as any community, you know, community spread. closing down the economy bad idea. now, that doesn't mean -- again, let me emphasize this, safety first, yes. closing down, that will make the cure worse than the problem. of the president said that continuously in recent weeks. i totally agree. i think most americans completely agree. stuart: okay. what does this market, what is this market telling you about the election? we've got a strong rally yesterday and today. what's it telling you? >> well, i think first and foremost the market knew i was coming on the stu varney show this morning. [laughter] stuart: well, we did tell everybody, actually. >> i'm trying to put some levity in. look, it's hard to know. does it have to do with the election?

i honestly don't know. look, i am an optimist, as you know. i believe my boss, president trump, is going to win. stuart: here's when i'm hearing from from so-called analysts on wall street. a lot of them are saying biden wins the white house, but the republicans keep the senate, that would be a split decision and would mean a lot of spending, a lot of stimulus, and that's why the market is up today. what do you say to that? >> gosh, there's a lot of yarns that can be spun over this. i have no idea, to be perfectly candid. by the way, just on that point, stuart, just on that point, wall street, of course, wall street is different than investors. investors are all over the country, over 100 million. wall street you've got a few voices that say weird things. i just thought i'd put, you know, you're the perfect guy. stimulus spending in emergency emergencies, okay. but as an ongoing policy, you know, those spending multipliers do not work, gave us the slowest

recovery under obama/biden in their eight years. why not, this is a radical thought, why not let people keep their own money? why not let people keep more of their own money? why not let people working hard and small business people keep their own money? why do we always think spending is such a great idea? why not lower tax rates, for example, to create incentives? this sort of thing drives me crazy. it's like -- no, it's not. spending is not the path to prosperity. incentives and markets and lower taxes and regulation and strong energy, that's the path to prosperity as we've already said. i get so tired of this. whoopee, more stimulus spending. take a look at -- go back ten years when they did that under president obama and vice president biden. cbo, federal reserve, all these geniuses were predicting 4% growth or better. guess what? it never happened.

they got less than 2%. spending is not an answer. stuart: i remember first meeting you back in the early 1980s -- [laughter] working in the reagan administration. >> yes, sir. stuart: back then investing was a very different thing. i think it was the elite investors, most ordinary people did not. but today, as you say, you've got 100 million people with a 401(k), an ira, a pension plan of some sort, most of it invested in stocks. we're all related to wall street these days, and stock prices make a big difference in the ordinary people's lives. >> right, right. stuart: it's a completely different ball game. so we have an interest in keeping that market up there. >> you're totally right, stu. you don't remember, but on another network, on another show, i was your washington correspondent when i left the reagan administration. [laughter] boy, that's the deep, dark past -- stuart: woke you up at 3:00 in the morning. that's what you were about to say.

>> that is the truth. and lou dobbs gave me a box of cigars every now and then. [laughter] but you're quite right. your point is really an important point which my friends on the other side never seem to understand. many biden, by the way, has -- mr. biden, by the way, has said a number of time it is he wants to stop shareholder capitalism. a really bizarre thing to say. 100 million people plus with 401(k)s and iras who completely benefit from a good stock market which requires a good economy. i always find it ironic that some of my friends in the labor movement, the most liberal people who always hate pro-growth, they hate lower tax rates, they hate lower capital gains, they hate corporate tax cuts and so forth and so on, it is precisely their pensions that have benefited with the trump stock market boom. more -- stuart: okay. >> -- and the teachers' unions and government unions who hate

anything to do with supply-side economics. they benefit. in fact, the stock market is the only hope they have in the long run to got out of pension insolvency because of their bad management. so that's an interesting point. and i believe trump will carry the investor class this evening by a solid, wide margin. you wait and see. stuart: all right, we shall. larry, a pleasure as always. we'll see you again soon, real soon. >> thank you. appreciate it. stuart: all right. there will be more "varney" after this. this year, walmart is turning black friday into deals for days. starting wednesday november 4th score deals like an $88 42 inch onn roku tv and get them at our new deals pickup. let's end the year saving bigger.

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stuartstuart: it is a rally nicn all over the screen, mail-in ballots being counted at the philadelphia convention center, that would be philadelphia, pennsylvania, that is a very important state, you can catch me on fox business tonight 10:0e and on fox news right after th that, do you have a question? susan: is an exciting day, you been covering elections back to 1976, what makes this one different. stuart: a stark difference in candidates, never before have you had an out socialist and i think joe biden is run by the socialist to an out and out business got, you've never seen that matchup before, not even close but now and 2020 after this tumultuous year in this extraordinary stock market rally that's been going on for three

or four years, here it comes a time today, we will find out how this economy is going to look in the future, i shudder to think. >> it looks consequential in a generation. stuart: i think it's a most consequential in a generation, i leave you with the market rallying and here is my friend and colleague neil cavuto. neil: start thank you very much, i look forward to working with you tonight as well, it is election day, it's finally arrived, i'm neil cavuto, this is "coast to coast", what is across the entire country living of training "coast to coast", you will be looking at charlotte, north carolina in philadelphia and florida, detroit, michigan, among some of the few battleground that we are watching closely as votes there could very well decide how long a night it will be, we will explain. then the president commenting and the guy that wants to be president commenting on the portents of the state.