tv Varney Company FOX Business November 9, 2020 9:00am-12:00pm EST
9:00 am
jerry. great to see everybody this morning. going to be a big day at the office. more tomorrow. thanks, guys. have a great day. that does it for us. "varney & company" is up next. stu, i know you are going to be rocking and rolling in a little while when this opening bell rings, and you have a 1600 point rally. stuart: it will be just glorious. i can't wait to start the show. here we go. good morning, maria. good morning, everyone. just when you thought the news cycle might calm down a bit, we have another blockbuster story and here it is. pfizer has a vaccine that is 90% effective. this is real light at the end of the covid tunnel. 50 million doses available this year, 1.3 billion next year. this is the virus game changer that president trump has been promoting. and this is the market's dramatic response. we have a huge rally. depending on how we close, this could be the best day in a
9:01 am
generation. the dow is awfully close to 30,000. get that. 29,860 at this moment, up nearly 6%. the s&p is up 4.3%. the nasdaq, a very small gain there. big tech not part of this market's rally. the vaccine, 90% effective. surely that means a revival of travel. so look at this. look at the cruise lines. carnival is up 30%. royal caribbean, 25%. norwegian, 30%. then there's the airlines. i will guarantee they are rallying. put them up on the left-hand side of the screen. there you go. they are up 24% for american and so on down the line. however, two stay-at-home stocks are down. zoom and peloton. look at that. zoom is down 13%, $68. peloton is down 14%, $17. let's sum the whole thing up. pfizer's vaccine offers real hope of a genuine return to
9:02 am
something like normal and the market just loves it. now the other big story. the election. the president fights on, launching new lawsuits demanding a count of all legal votes and he's getting the backing of top republicans like mitch mcconnell, lindsey graham and even mitt romney. and he will hold a series of rallies just like before the election. the president has not conceded. the biden camp has declared victory. this morning, he named a new virus task force but this was just hours before pfizer announced a 90% effective vaccine. what else? well, the president-elect says he will issue a series of executive orders on climate change, immigration and labor law but with the senate likely to stay in republican hands, he can't easily raise taxes. that's another reason for the stock market's huge rally. you better get ready for another remarkable day. a game-changing vaccine, a record day for your 401(k), a
9:03 am
civil war within the democrat party and who knows what president trump will have to say. you will certainly hear it here first. "varney & company" is about to begin. ♪ stuart: good. that's good. just what i needed. isn't that perfect, perfect, perfect. just what i needed from the cars. just what we needed. i'd say a vaccine is just what we needed. let's get right at it. the big breaking news story of this morning, pfizer and biontech say they have got a vaccine that's 90% effective. look at those two stocks go. fox news medical contributor dr. marc siegel is with us. doctor, i've got a series of questions for you. not exactly technical but i need answers. first of all, you have to have
9:04 am
two shots of this vaccine, right? 21 days apart. is that accurate? >> correct, stuart. i wrote about this in my new book. this is the power of science. it's a month apart and it has to be kept extremely cold. that's one of the reasons i'm glad the department of defense is going to be involved with distributing it. now, there's 44,000 people in the united states that have gotten this vaccine and just what we have been talking about on this show has happened. over 90 who have mild symptoms of covid or were infected with covid had a dramatic effect with this vaccine. 90% of them showed a clinical response, where they didn't get sick or they only had mild symptoms. it directly links to the vaccine. that's what's called events. that's what's called effectiveness. the only thing left now is to determine safety and stuart, i want to give you good news on the safety front. first of all, that's going to be out by the end of the month but there's a data safety monitoring board that's looking this over and if there was a safety issue,
9:05 am
we would know about it right now. i absolutely predict very likely this vaccine will be out by the end of this month and we will start to see it roll out in december. very exciting news today. stuart: 50 million doses available this calendar year, 2020. 1.3 billion doses available next year, 2021. who do you think gets it first? >> well, that's going to be decided, right. here's what i think. i think we have to give it to those in high risk groups, those in poor areas. health care workers on the front lines have to get it right at the beginning, because if i get it, i can then go on tv here and say hey, i did fine. you're next. we need vaccine compliance. we got to give it to our elderly and to people in nursing homes. that's the group that's been dying from covid-19. they have to get it right at the beginning. very very important. stuart: is this the result, is this vaccine from pfizer, i don't think pfizer was part of the warp speed program, but did they benefit from president
9:06 am
trump's pumping money into the pharma industry to get this thing going quickly? >> yes, but stuart, they are part of the warp speed program indirectly. let me explain. it came from a company called biontech in germany. they made the vaccine. pfizer got involved and started testing it here. operation warp speed then put it on the docket and paid for 100 million doses so they are involved with the distribution of this and they are going to be involved in terms of the money and supporting it. so it is a plus for operation warp speed here. stuart: looks to me like a game changer and the markets seem to be believing that as well. doc siegel, thanks very much indeed. go on. >> i think, stuart, it will kill off the pandemic. it's very very promising. there could be the thing we need. stuart: all right. dr. marc siegel, great way to be with us this morning. good way to start monday. thanks. all right. we've got a major rally on our hands. i want susan to show me the biggest movers to the upside.
9:07 am
susan: yeah. well, can you imagine, i would say probably the broader market, we are looking at record levels. if we open up more than 1200 points, first record high since february so it took nine months to get here. this is the light at the end of the tunnel. pfizer, really a great day for american prosperity and as you can imagine, the hardest hit travel leisure stocks did come back today. you mentioned american airlines, carnival cruise lines jumping by a third this morning, 30% in one single session. so money is coming out of somewhere, right. that's the stay-at-home stocks. think of zoom, peloton, docusign, netflix, shopify all down big as it looks like the economy could reopen, we could get back to normal and this vaccine news really adds to the rally we saw overnight in global markets. japan hitting its first record in 29 years because there's hope that a divided congress will keep everything in check and there's less friction when it comes to international trade. stuart: and we've got this
9:08 am
vaccine. worldwide phenomenon. it's not just america that benefits. the whole world benefits from this. susan: yeah. stuart: but why is technology not so strong this morning? susan: well, they benefited from the work-from-home remote work, educating at home kind of trend. if that all reverses and we get back to some semblance of normalcy, we don't need the docusigns anymore and the zooms as much. stuart: apple is up, microsoft, google is up, got that. market watcher keith fitz-gerald joins us. the market obviously skyrocketing. is this the most important financial news of the year? >> i think this may be the most important financial news of a generation, stuart. this is the first time in recorded history we have lived through a biological event in modern financial market. i think this kind of thing sets up your investment portfolio for the next five, 10, even 20 years if played correctly. stuart: what do you mean if you play it correctly?
9:09 am
how do you mean? >> for example, i put my money on pfizer very early on. not because i'm smart but because i thought they had a great brain trust and good solid product portfolio. that turned out to be correct. but today, to your point about microsoft, for example, or apple, those are bellwether stocks. those are stocks we are going to need no matter what. they are going to hold their own. stocks like zoom and netflix and all these other things that were come and go, those are going to fade. the money is attracting two of the best companies and those are the ones that will move forward. stuart: this is not just a vaccine rally. surely this is also part of -- the rally is also part of the idea that the republicans will keep control of the senate. therefore, holding back the socialists under president biden. what do you say? >> tell you what, i sure hope so because socialism and your wallet are not a good mix. it doesn't matter, history shows that very convincingly. which party you're on, it doesn't matter. i do believe that's part of it but i think the much bigger news is the vaccine. people are saying we have to
9:10 am
keep up, we are going to get left behind. stuart: 30,000 on the dow today, tomorrow or soon? >> i think we are going to see all-time new highs within the next 60 to 90 days and we have the power to keep going well beyond that into 2021. regardless of the administration. stuart: the dow opens at 29,928, i think that would be an intraday high to start with. if it closes at 29,920, it will be an all-time closing high as well. keith, quite a day for you to appear this particular day. we're glad you're with us. good stuff. >> thank you, stuart. great to be here. stuart: now i'm going to pick on one individual stock which is doing very very well. that is mcdonald's. they have solid earnings. lauren, pick out the highlights, please. lauren: all right. well, revenue, $5.42 billion in the quarter. if you look at their u.s. same store sales, up 4.6%, they were negative in other parts of the world. three ds to thank, digital,
9:11 am
drive-through and dinner. more folks picking up their dinner orders, bigger orders in general and that travis scott celebrity musician promotion. you know that one. also, they raised their dividend. investors liking most stocks today. mcdonald's is certainly one of them. stuart: thanks, lauren. i can't resist it. show me the futures again, please. this is a rally and a half, sports fans. the dow is up 1,690 points. you are at 29,888. the s&p is up 4.3%. the nasdaq is up more than a half point but it is up. green, i would say that's a sea of green this morning. joe biden's campaign manager doing her best to reassure the socialists. watch this. >> i think vice president biden campaigned on an incredibly progressive and aggressive agenda. he will make good on those commitments. stuart: he's going to make good on progressive commitments. what will the moderates say about that? we will soon find out. senate minority leader
9:12 am
schumer celebrating joe biden's victory and he says it will quote, change america if democrats win their senate races in georgia. this is "varney & company" and we are just getting started on what is an historic day. ♪ businesses today are looking to tomorrow. adapting. innovating. setting the course. but new ways of working demand a new type of network.
9:13 am
one that's more than just fast. you need flexibility- to work from anywhere. and manage from everywhere. advanced technology. with serious security. and reliable coverage, nationwide. forward-thinking enterprises, deserve forward-thinking solutions. and that's what we deliver. so bounce forward, with comcast business. before money, people tools, cattle, grain, even shells represented value. then currency came along. they made it out of copper, gold, silver, wampum. soon people decided to put all that value into a piece of paper, then proceeded to wave goodbye to value, printing unlimited amounts of money as they passed the buck to the future. that's why it's time for digital currency and your investment in the grayscale funds. go digital. go grayscale. ♪ birds flyin' high, you know how i feel. ♪
9:14 am
♪ breeze drifting on by you know how i feel. ♪ ♪ it's a new dawn... if you've been taking copd sitting down, it's time to make a stand. start a new day with trelegy. no once-daily copd medicine has the power to treat copd in as many ways as trelegy. with three medicines in one inhaler, trelegy helps people breathe easier and improves lung function. it also helps prevent future flare-ups. trelegy won't replace a rescue inhaler for sudden breathing problems. tell your doctor if you have a heart condition or high blood pressure before taking it. do not take trelegy more than prescribed. trelegy may increase your risk of thrush, pneumonia, and osteoporosis. call your doctor if worsened breathing, chest pain, mouth or tongue swelling, problems urinating, vision changes, or eye pain occur. take a stand and start a new day with trelegy. ask your doctor about once-daily trelegy. and save at trelegy.com.
9:15 am
9:16 am
stuart: you know, one of the groups that is doing particularly well in this mega-rally are the banks or financials, as we should call them. on the screens to the left-hand side right now. i don't know why they are up so much. susan: -- vaccine means faster recovery and earlier reopening which is good for banks like jpmorgan, bank of america which is now warren buffett's favorite
9:17 am
bank pick, citi, nice rally today. the sector has underperformed this year so far. by the way, the yield on the ten-year has spiked 95 basis points so we are up because it looks like reopening means the economy will recover so there's less need for safety plays like government bonds, right. so that means banks make a little bit of money on the loans they dole out. by the way, the dow is on track for its best day in seven months, since april 6. same for the s&p 500. oil is on track for the best day since may 5th. one thing i want to caveat to investors is that we know wall street tends to overshoot on both ways. amc theaters up 60% in the premarket and we have stock moves like carnival and american, yes, they rotate very quickly on one way but they also snap back quickly on the other side as well. stuart: amc up 60%. people are assuming there's a back to normality here. susan: very quickly. i think they should temper down expectations. stuart: okay. let's get to politics here. top ceos, some of them, at
9:18 am
least, believe the biggest change with joe biden's administration will not be his new policies. lauren, what would the biggest change be for these people? lauren: the other p, his predictability. and maybe some quieter days ahead, stuart. look, many business leaders have benefited from trump's policies and they say so openly, but they are not discounting joe biden because they see him as a centrist held in check by congress and most say the first thing he should do, deal with the pandemic, bring the nation together. he should use his history of unity and also knowledge of many of the key players in doing that. then they say deliver more stimulus, announce infrastructure so you can create jobs, but in a nutshell, they are expecting more of a traditional relationship, if you will, with the white house. but this whole stimulus question, now that we have a vaccine, does stimulus take a back seat? stuart: that's a very good question which i will ask later
9:19 am
in the show but i will bet you joe biden takes some credit for the vaccine. i wouldn't be at all surprised. thank you very much indeed. let's bring in economist stephen moore. put your medical hat on, because we've got this huge rally on our hands. is this vaccine the game changer for the economy? what do you say? >> sure is. if it's real and if it's effective and it is a game changer for the economy. by the way, i'm a little frustrated today because i don't think there's any doubt in my mind, no doubt in my mind whatsoever, that if the election were on november -- tomorrow, november 10th rather than november 3rd, donald trump would win an easy re-election. it is amazing the fickle finger of fate. we got a monster jobs report on friday showing the economy is well on the way to recovering and then today we get the news of this vaccine. just think if the election were tomorrow. there's no question trump would win pennsylvania, we win michigan, he would win
9:20 am
wisconsin, nevada. this is good news for the american economy if this virus is real because it means we can get to a return to normalcy but to respond to what you were just talking about, of course a lot of these corporate ceos want massive government spending and debt and they want money poured into their coffers. that's no way to get a recovery. we do not need another $2 trillion spending bill. the economy is healing on its own. this idea that another massive debt bill is going to improve the economy further, i just don't buy it. stuart: i think joe biden, i should say president-elect biden, is going to have to rethink a lot of his ideas about dealing with the virus. i don't know whether we want a national mask mandate, apparently that's in the cards, and as for another national lockdown, when you've got a vaccine coming, i just don't see it. i see now the impetus towards opening the economy. we've got a vaccine. open the economy. that's where we're going here. >> 100% agree.
9:21 am
i think one of the things we should be looking at right now is europe. europe is shutting down again. they are in big trouble. if we've got a vaccine, we've got the vaccine or we don't, and one of the things we learned over the last nine months is lockdowns don't work, stay-at-home orders and things of that nature. trump has been right on this from the start. you've got to have a functioning economy. you've got to have commerce flowing to keep a society running. look, the democrats look around the country, look at chicago, look at new york, look at many of these other states like michigan, that continue to keep things shut down. if we can get this economy reopened and by the way, stuart, if you get that republican senate, so there's a check and balance and there's not going to be a massive tax increase, you know, as you know, i helped write that trump tax cut. it was a phenomenal success in terms of juicing this economy, i just pray joe biden does not repeal it as he has promised because that would do real damage to american companies. stuart: i take your point. a lot depends on the senate
9:22 am
remaining in republican hands. which means a lot depends on the two elections coming up for senate seats in georgia. have you any doubt that the republicans take those two seats? >> i'm hearing, stuart, are you sitting down? i can't see you. i'm hearing the democrats and progressives and bloombergs and soros of the world may, ready for this, may spend $1 billion in georgia. i don't even know, by the way, how do you spend $1 billion in georgia to try to win this race? they realize the entire future of the progressive movement depends on winning one of those two senate seats. so normally, republicans, you know, i think they have won every special election in georgia for the last 25 years but this one is going to be a three-ring circus. so my money is still on republicans holding both of those seats because they've got better candidates. stuart: a billion dollars. good lord. all right, steve. >> believe that? stuart: i don't, actually. >> that's more than you make in three years.
9:23 am
stuart: that's right. how do you spend a billion dollars by january 5th? i just don't know. i would like to be running a tv station down there, because i think i would take a lot of money in. stephen, many thanks. see you again soon. >> thank you, stuart. stuart: look at that market. look at it go. this is what we are covering all morning long. this is a mammoth rally which we will take the dow probably to record highs. we'll be right back. ♪ it's a thirteen-hour flight, that's not a weekend trip. fifteen minutes until we board. oh yeah, we gotta take off. 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
9:24 am
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 lifby falls and bleeds,ers. 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.
9:26 am
9:27 am
and, in more and more cities, the unprecedented performance of ultra wideband. the fastest 5g in the world. it will change your phone and how businesses do everything. i'm proud, because we didn't build it the easy way, we built it right. this is the 5g america's been waiting for. only from verizon. stuart: this is worth taking a look at. you don't see this very often. the dow will open with a gain of 1,600 points. better bring in market watcher ed yardeni who has consistently got it right. say it again, ed, and explain where you're coming from when you talk about the roaring 20s. explain, please. >> well, with the news on the vaccine, i think there's going to be a lot of confidence that we will, in fact, come up with something that inoculates us from this terrible disease.
9:28 am
i think once we get past it, we are going to see that the technologies that are out there in health care, in information technology and communications, are all going to i think drive a tremendous growth in our economy and i'm making an analogy between the 1920s and the 2020s. you might recall from history that there was a pandemic in 1918 and 1919. there was a terrible recession in 1920 and nobody imagined the kind of technological innovations that we would have that would cause the roaring 1920s but here, we know there's all sorts of technological innovations that are going to increase productivity and increase prosperity over the rest of the decade. stuart: but you've got to make sure, i mean, not make sure, but how many people will actually take this vaccine? i mean, i have seen polls that suggest up to a half of americans at least would say no, don't want it. >> well, i think one of the good
9:29 am
things about this announcement is pfizer claims that it's 90% effective and i think previously, doctors were saying we would get something at 50% effective, that would be pretty good. i think just the fact that apparently it's very effective, for those who will take it, at least that group will be inoculated and won't be transmitting the virus. i'm not an epidemiologist but i suspect that, you know, over the next 12 months, we will in fact find that most people take it and that it's effective. stuart: suppose there were no vaccine announcement this morning. the market would still be going up? you think we would still be setting record highs? >> the market has had an enormous run since march 23rd. i think the betting has been that one way or the other, we are going to deal with this virus and if we don't get a vaccine, or get treatments that dramatically reduce the deaths, i think we are seeing some of
9:30 am
those treatments being very effective and i think, you know, [ inaudible ]. stuart: ed, you have been right so far. let's see if you're right again. the bell is ringing. we are about to open trading on what could be a truly historic day. here we go. it is monday. we are off and running. immediately the dow is up 1500 points. every single one of the dow 30 except -- all of them, every single one of the 30 stocks in the dow industrials are in the green, they are up and right now, the dow is indeed closing in on 30029. we have a graphic we would love to use. the s&p 500 is also higher, not quite as strong as the dow. it's up 3.7%. that's a big gain. the nasdaq composite, again, not so strong as the dow or s&p, but
9:31 am
up 1.25%. that's a big gain. now, the two key stocks starting all this roaring, we have pfizer and biontech, way up this morning after reporting that their vaccine is 90% effective. you're going to be hearing about this all day long. it is a game changer. those two stocks show it. as for the travel stocks, they are surging on this news. because it may open up travel to normality all over again. ashley, come on in. go through the biggest winners here. ashley: well, all it takes is that headline. look at the cruise lines. you talked about this at the top of the show. carnival up an eye-watering 36%. okay, it's five bucks. norwegian cruise lines up 27%. royal caribbean up 26%. these stocks have been down 50%, 70% year to date. this is the time to turn it around, maybe. take a look at the airlines. again, having a very good day indeed as we start the new week.
9:32 am
delta up 20%. jetblue, american, united, all up 20%. southwest, also up nearly 20%. now, it's interesting, all of these stocks down 20% to 60% on the year, but these headlines and the possibility of a vaccine that will get our lives back on track, certainly big news. what about the hotels? we know hotels have been struggling just as everything else associated with the travel industry. wynn resorts up 23%. mgm up 16%. marriott up a whopping 22%. my, oh, my. we haven't seen a day like this, as you said, and other guests, in a generation. if this holds, what a day it's going to be. stuart: i wonder how many of our viewers were brave enough in the last couple of months to go and buy a cruise line or airline or bank. they would be happy this morning if they did. they would be upset if they didn't. thanks, ash. back to you in a second. come in, lauren. our viewers want to make real money so give me some more winners, please.
9:33 am
lauren: as much as i want to take a vacation, sometimes just going to the store and feeling a little bit more comfortable being there is a solid sign and that could happen with this vaccine. look at this. macy's up 28%. gap up 14%. speaking of huge percentage gains, because these stocks were so decimated, movie theaters, amc is up 67%. 67%. it's also a good day for retail stocks and entertainment stocks as we try to refurbish normal, if you will. stuart: i see nordstrom and kohl's on the screen, 25% up on nordstrom. 15% up on kohl's. my goodness me. it's a rare day when you get to report gains in any stocks like that. but today's the day, apparently. lauren, thanks very much indeed. now, a number of stocks have new price targets. the market thinks they're going above where they are now. susan? susan: this is before we got the
9:34 am
vaccine. however, i would say peloton, as you see, we are down 25% on peloton in one single session. that's despite getting an upgrade from bernstein to 160. you also had the "wall street journal" saying it's going to be tough for peloton to get over the backlog and supply glut because it's going to be a costly process. you are going to lose on the holiday shopping period. have you looked at uber's stock recently? they are back up to near $45 for the stock which is what they ipo'ed at. wynn another big winner, casino plays, probably getting a lot of bids today, getting upgrade today from credit suisse calling it an $80 stock. the macao reopening and the vegas strip maybe seeing more tourists. square now a $215 stock according to citi. you see a bit of a depression today. mobile payments may not be as necessary. stuart: lot of analysts didn't expect a vaccine like this one.
9:35 am
they might want to revise some of those ideas. i'm looking also at canopy growth. big, huge pot producer, they are up 11%. all right, ash, come back in again. what's with pot these days? ashley: i would say i know it well but i went to canopy growth, spent a couple days reporting from there. in fact, it is the world's largest pot producer, up in canada. why is this stock up so high? couple reasons. firstly, joe biden. it's believed joe biden definitely would like a pro-cannabis reform program, more cannabis-friendly, if you like. this stock has been on the rise since last week when joe biden was ahead in the polls. also, canopy gave its third quarter results. they lost less money than expected which i guess is good, right? you didn't lose as much as expected. they managed to cut down their expenses significantly and as they look towards the future, not only canopy but other
9:36 am
companies like aurora, tilray, they believe the new administration, if indeed it is officially crowned that, will be much more cannabis-friendly and these companies, canadian companies, have put a lot of money and investment in the u.s. as well. that's why we are seeing such a big pickup in the pot stocks today. stuart: pickup and a half. got it. thanks, ash. apple suspending its partnership with one of the companies that built the iphone. why is this important? susan: well, it's important because look, abusing student work is a bad thing, with them working overtime and overnight in some cases, unrelated to their majors, and this is not good p.r. for apple. paperwork was apparently falsified as well. this is a big case. they say they have fired the executive responsible and arranged for the students to return home or to school with compensation. apple, by the way, is set to have a huge day on november 11th
9:37 am
which is single day in china, bullish signs with apple's iphone 12 5g sales in china set to be the largest, indications are they are the number one brand on top of investors and shoppers' minds and also the iphone 12 is said to be the number one item on the shopping list. remember that china has 1.3 billion consumers. they spent $60 billion last year on singles day in 24 hours and china's apple second largest market. that's why it's doing a little bit better than other technology plays today with this hope of a vaccine soon. stuart: singles day is wednesday? susan: november 11th. stuart: the apple 12 is the big one? susan: that's right. said to be, yes, number one item. stuart: we are seven and a half minutes into the trading session of an extraordinary monday morning and we are up 5% for the dow. that means we are at 29,828. up 1500 points. where's gold on a day like this? here's the answer.
9:38 am
what, i will do the ten-year treasury first, okay? gold. gold is way down, off 3.8% at $1876. now, give me the ten-year treasury. this is a very important indicator. the yield right now is all the way up to .93%. this is important because when the yield goes up, it means money is coming out of those bonds. no doubt going into stocks, which are rallying huge. .92%. wasn't expecting that. the price of bitcoin, way down. $145 down. 15,000, it was 16,000 last week? susan: it was 14 last week. up 2,000 over the weekend. stuart: yes, that's right. now down 145. those so-called safety plays down this morning with the stock market surging. how about the price of oil? where is it this morning? $41 a barrel. why is that, lauren?
9:39 am
lauren: it's up 10%. this is its best day in six months. three reasons for you. first and foremost, it is the vaccine news that could end global lockdowns as well as restrictions, but also biden's win. that hurt the dollar a bit. so it makes metals and commodities like oil cheaper for foreigners to buy and finally, we got some comments early this morning from the saudi energy minister basically saying that the future of oil supply might not be able to keep up with growth, especially if there is now a vaccine. stuart: lauren, we've got oil at almost $41 a barrel. congresswoman alexandria ocasio-cortez has a message for democrats who are blaming her for the party's election underperformance. roll tape. >> pointing fingers and telling each other what to do, it deepens the division in the party and it's irresponsible. it's irresponsible to pour gasoline on these already very delicate tensions in the party. stuart: delicate tensions.
9:40 am
got that right. there's a clear split in the party. we are going to report it. joe biden will put a mandatory mask mandate in place. he could also restore obamacare. "fox & friends" weekend co-host spent a lot of time talking to voters. do they want that? a national mask mandate? we will certainly ask him. did you see this over the weekend? thousands out in the streets celebrating biden's win. what happened to social distancing? went out the window. we'll be right back. ♪
9:41 am
9:44 am
9:45 am
love this vaccine. that's what's going on today, isn't it? >> as the great george costanza once said, it moved. the whole stock market moved on this news of the pfizer circumstance. last week, i said what i really wanted to say is widening the yield curve which i thought would be beneficial to the banking industry because widening yield curves always are good for banks. it overcomes bad loans almost consistently. what you are seeing now is a continuation of that widening of the yield curve predicated upon growth in the economy. so this is really quite extraordinary. it's earth-shattering to say the very least. would i be a buyer of the dow up 1300 points, probably not, but if we were to fall back 300, 400, 500 by the course of the week, i have to think the game has changed dramatically. it moved. you have to pay attention to it. stuart: it's that big a deal, pfizer's 90% effective vaccine is that big a deal to the whole market moves with it and you are -- >> i'm not an epidemiologist or
9:46 am
doctor of any circumstance. but as all of us have gotten wiser over the course of the past several months, we heard anything better than 50% vaccination rates is solid. that's to be beneficial. the fact they are talking about 90%, i hope they are underestimating. i hope it's even better but something better than 60% is extraordinary. something better than 80% is phenomenal. 90% by pfizer is absolutely unbelievable. it changes the game considerably. no question about that. stuart: okay. now, up until this vaccine announcement, you liked gold. do you still like gold after this vaccine announcement? >> i think the thing to take a look at, first of all, the inflationary pressures are going to be far stronger because of the growth incumbent in the economy after pfizer. you have seen that today. grain prices are a little stronger but copper prices are stronger, everything except gold is strong today. perhaps the way to hedge yourself is to be a buyer of stocks and a buyer of gold.
9:47 am
that would be a reasonable hedge mechanism at this point. i think gold overshot itself on the downside today. $70 on the downside predicated upon fiez erpfizer is extraordi. it's well-advised and overdone. i got out of a good portion of my gold. i want to go buy some back as soon as i can this morning, down $70. i think gold is extremely inexpensive. again, i think it's an interesting hedge. buy bank stocks, buy gold. i think you will be well hedged for the next year or two going forward. stuart: however, i just want to reiterate that this is a day like almost no other. i have never seen anything like this. because whole markets are moved, not just a couple of stocks here and there. or a couple of commodities. the whole market has shifted. are you really on board with -- is it that -- are we so certain that this vaccine opens up the global economy to growth all over again? is it that big? >> i certainly think you don't fade it. i'm not sure you want to go
9:48 am
ahead and buy it but i'm certain that you don't want to fade this. yes, if this is anywhere near the truth, if it's anywhere close to 90% effective, it has changed the entire world's economy much for the better. i suspect that mr. trump is somewhat dismayed by the fact the news came out a week after the election. it would have changed the election results rather dramatically. but yes, i do think if this is true, if 90% effective rate is what pfizer tells us is true, it has changed the demeanor of the global economy, it certainly changes the demeanor in north america, probably changes in asia, certainly changes it in europe. this is a very very significant change in circumstances. no question. stuart: dennis gartman, glad you're on the show on a day like this. we appreciate you being here. thank you very much indeed. >> it moved. stuart: it sure did. by the way, everyone, dennis is the second person on the show this morning to say that had the election been held say tomorrow, or next week, the result might have been different because of
9:49 am
this earth-shattering news about the vaccine. you're nodding your head. susan: i agree with him. it's a fate of timing, isn't it, unfortunately. but light at the end of the tunnel. this is turning the corner as president trump has said. stuart: yep. that election could have been different. all right. susan, you are on this one, too. car sales in china up. susan: they're buying tesla, toyota, ford and even general motors. luxury is doing better than mass market in china. car sales went up 8% in october. china now the world's biggest car market. tesla running away with the chinese electric market, selling nearly 140,000 electric cars from july to september. that's more than the next two competitors combined. yes, that even includes nio. ford sales says jumped by a quarter from last year. general motors has growth of 12%. bmw daimler says china sales hit records for them. we have been talking about
9:50 am
swings in the market, this momentum we are seeing, this record levels now for the s&p. the last time we have seen these type of moves was right after the depths of march. i know memories are short in this type of market, as we have seen data points jump throughout the year, whether down or up, but yeah, on track for the best day for oil as well since may. stuart: what a day. thanks, susan. look at this headline from the "new york times." biden victory brings sighs of relief overseas. really? i wonder what nigel farage has to say about that. he's a british conservative. big-time trump supporter. is he happy? is there a sigh of relief from him? that biden looks like he's won? i will ask him. he's on the 11:00 hour. more after this. ♪
9:51 am
9:52 am
it's time you make the rules. geico. so join the 2 million people who have switched to xfinity mobile. you can choose from the latest phones or bring your own device and choose the amount of data that's right for you to save even more. and you'll get 5g at no extra cost. all on the most reliable network. so choose a data option that's right for you. get 5g included and save up to $400 dollars a year on the network rated #1 in customer satisfaction. it's your wireless. your rules. only with xfinity mobile.
9:54 am
stuart: with a rally like this, we need good market coverage and mark mahaney is the man to do it for us. when i walked in this morning, i was not expecting to see a gain like this. looks like this vaccine is a game changer. what say you? >> i think that's right. we have had a series of stocks and consumer tech that have risen dramatically year to date on covid news. those are names like shopify, netflix, amazon. year to date we have had some other companies that have been
9:55 am
dramatically negatively impacted, names like booking, uber and lyft. if you get vaccine news, the market will quickly shift to the second half, that latter basket. stuart: it seems to me that some of the people who made money in big tech are now shifting it out to travel-related stocks, whether it's airlines or cruise lines or banks, even, because the potential gain there is much greater than the potential gain for tech stocks which have already had a great run. is that what you see happening now? >> i think you're right, stuart. now, look, we're not going to see dramatic improvement in fundamentals for six, nine, maybe 12 months but the market's going to discount that. market is always going to look at six to nine months ahead anyway. yeah, i think you will have all those mobility related stocks, airlines, ride sharing, anything that's involved with going out, theaters, things like that, all of that is going to be shifted, the market is going to shift to those names and those names that have really benefited the most year to date, they are going to
quote
9:56 am
be grinding stocks. they will be first to sell off, and have another arrow in their quiver. stuart: 15 or 20 seconds, can you tell me what you were doing when you saw this news about the vaccine and what was your immediate reaction? >> stick with -- switch over to the top stocks, uber, lyft and booking.com. those three stocks i think are the most interesting plays as vaccine derivatives. stuart: i will tell you, i was sitting in my office and i saw futures suddenly go up 1,000 points, i thought what on earth is happening. thanks for joining us. what a day. we always appreciate it. thanks very much. here's what we have still ahead on this show today, which is going to be an extraordinary show, i promise you that. tim murtaugh, georgia state representative vernon jones, steve paul, will cain. "varney" coming up for you after this. ♪
9:57 am
. . i knew about the tremors. but when i started seeing things, i didn't know what was happening... so i kept it in. he started believing things that weren't true. i knew something was wrong... but i didn't say a word. during the course of their disease around 50% of people with parkinson's may experience hallucinations or delusions. but now, doctors are prescribing nuplazid. the only fda approved medicine... proven to significantly reduce hallucinations and delusions related to parkinson's. don't take nuplazid if you are allergic to its ingredients. nuplazid can increase the risk of death in elderly people with dementia-related psychosis and is not for treating symptoms unrelated to parkinson's disease.
9:58 am
nuplazid can cause changes in heart rhythm and should not be taken if you have certain abnormal heart rhythms or take other drugs that are known to cause changes in heart rhythm. tell your doctor about any changes in medicines you're taking. the most common side effects are swelling of the arms and legs and confusion. we spoke up and it made all the difference. ask your parkinson's specialist about nuplazid. do you have a life insurance policy you no longer need? now you can sell your policy, even a term policy, for an immediate cash payment. call coventry direct to learn more. we thought we had planned carefully for our retirement. but we quickly realized that we needed a way to supplement our income. our friends sold their policy to help pay for their medical bills and that got me thinking. maybe selling our policy could help with our retirement. i'm skeptical, so i did some research and called coventry direct. they explained life insurance is a valuable asset that can be sold. we learned that we can sell all of our policy or keep part of it with no future payments, who knew? we sold our policy. now we can relax and enjoy our retirement
9:59 am
as we had planned. if you have one hundred thousand dollars or more of life insurance you may qualify to sell your policy. don't cancel or let your policy lapse without finding out what it's worth. visit conventrydirect.com to find out if you policy qualifies. or call the number on your screen. coventry direct, redefining insurance.
10:00 am
♪. stuart: a good choice of song. shining. by -- susan: d.j. khalid. who you know. stuart: thank you. shining. look we're playing it because the markets are obviously shining. can't you tell? we can. we have got green all over the place. when we opened 10:00 now, we're half hour into the session, when we opened up we were up 14, 1500 points. getting close to 30,000 on the dow. we pulled back a bit.
10:01 am
we're at 29,500. we're up nearly 1100 points. this is why we got a rally. pfizer, biontech, announced their vaccine is 90% effective. a flu vaccine, 40 to 50%. this covid vaccine from pfizer and biontech is 90% effective. it set the world on fire. all travel related stocks. maybe we can travel like normal in the future. americans are up 16%. all across the line. delta is up 14%, et cetera, et cetera. the cruise lines. actually they're showing even better percentage gains. we'll show them on the left-hand side of the screen. 25, 30% gains for the cruise lines. we might be cruising again. hotels, all of them on the upside because, we might be traveling like normal again maybe by next year, who knows. a return to normality looks
10:02 am
possible. the financials are all positive because maybe the economy can get rolling again. if we can travel, if we can meet, we're all vaccinated, the banks will do well on an expanding economy. there you go, all of them, all kinds of groups higher this morning. we have a list of the dow stocks which have hit all-time highs. as of this morning. think about this. you got nike, proctor & gamble, united healthcare, honeywell, caterpillar, and visa. 20% of the stocks which hit all-time highs this morning. that means in the last half hour. watch and go. susan has been looking not at the virus reaction but the election to the election. susan: i would throw in boeing since boeing is up 10%. we're coming off the best election week since 1932. there is relief in the market there was no blue wave.
10:03 am
divided congress means no tax hikes, less regulation. no trade friction. fed has printing press turned on big time. we're setting up for a sweet spot on the market as you see today. 13% a year in gains over the next four years. according to cfr research. look at student loan company, student loan forgiveness. health care is rallying as well. gains in solar is tempered with no green new deal. tech had a huge week last week, best since april. as you can imagine. stock market doing some extreme repricing today on vaccine news. tech is underperforming the rest of the broader market. there is bifurcation as they call it. nasdaq doing less well compared to the dow and s&p 500. stuart: we're making the assumption remains in republican hands? susan: that is a good call, given runoff in georgia. only 10% have gone to the democratic side. stuart: that is important. as long as republicans key of keep control of the senate, you
10:04 am
can see some market gains. that is the market. what about the economy? james freeman is with us in the "wall street journal." james what happened, let's suppose we got this vaccine news before the election last week, do you think the election result would have been different? >> i think it might have been. obviously the media gave president trump a very hard time we would likely get a vaccine before the end of the year. if this pfizer news is correct looks like we will, assuming the fda doesn't do its usual foot-dragging you could have people getting this in late november, december. given covid was really the main argument, joe biden was prosecuting against donald trump toward the end t was really appalling. he was basically the blaming the president for every covid death. yes i think it would have changed some votes if this news
10:05 am
had come out sooner. stuart: now president-elect biden named a new covid task force. he is talking about a national mask mandate. do all of those things change now that we've got a vaccine that is 90% effective? joe biden's covid plan looks to be spiked before it is even started? >> well i would hope, assuming this vaccine pans out, i really don't think pfizer would be putting out this news if they weren't highly confident of the results. we'll see. assuming it is legit, i would hope this is a moment for mr. biden to rethink his entire strategy here. now as you know the plan he described was basically the plan that president trump had been implementing for a while but where they had the big difference of opinion was joe biden being open to further lockdowns and the president saying no, we've got to reopen
10:06 am
and revive. and i would hope that on that point this news would make team biden rethink their position and lean toward allowing the economy to flourish which of course we need to have good health and good health care. stuart: with a vaccine, we don't necessarily need to lock down the economy presumably which is great news for the economy i would have thought? >> absolutely. it was great, you were just talking about all of the new potential for these different sectors of the economy that have suffered under the lockdowns, whether it is airlines, hotels, hospitality, whatever, with a vaccine i don't see, i don't think there is any argument. i think the numbers were telling the story that lockdowns were doing more harm than good but now with a vaccine as you suggest, i don't really see any argument left, assuming this vaccine is valid for resuming lockdown. stuart: what a day.
10:07 am
james freeman, "wall street journal" guy. thank you very much indeed. the dow is holding on to a gain of 1265 points. and now this. okay, it is president-elect biden so what will he do? what can he do? with the senate likely to stay under republican control, and with a smaller democrat majority in the house, he won't get much through congress, will he? but he can issue executive orders. he can take action without legislation. this morning, for example, he named a covid task force which among other things will ask state governors to enact a national mask mandate. lockdowns look more likely. that came before we got the news on the vaccine. here is another dramatic move. he will rejoin the paris climate accord that means america will take a strong anti-fossil fuel position again, and he can issue regulations aimed at fracking
10:08 am
and natural gas pipelines. good-bye energy independence and dominance. he will issue executive orders on immigration, allowing entry for migrants of seven predominantly muslim countries. he will issue orders, making it easier for labor unions to organize. he could appoint cabinet members in acting capacity. he could avoid getting approval from a republican senate. who knows how many socialists will enjoy acting status at the labor department, or heaven forbid, at the treasury. however there are limits what he can do to upset trump's strongly rebounding economy. this is the main reason for the stock market's rally. certainly another reason for the rally. he will find it very difficult to raise taxes. he wants to raise taxes. it is the main plank in his economic platform but he can't without holding the senate. the market doesn't care too much about the coming slew of executive orders.
10:09 am
the market cares about the strength of the economy. masked mandate, paris climate accord, important reversals but if the senate stays republican socialism is not in the cards. coming up in just a few minutes trump campaign speaks man tim murtagh. next case the far left pushed the defund the police narrative. now a top democrat admits the strategy did not work. we'll tell you who said that. biden celebrations throughout cities across america. lacked social distancing. will biden come out and condemn this like he did the trump rallies? don't hold your breath. alexandria ocasio-cortez calling on her supporters to achieve, to archive, archive people who publicly supported president trump on social media. i will ask sean duffy what does that mean? we're all over it and of course your money. just look at the market rally as the second hour of "varney" rolls own.
10:14 am
stuart: if you're just joining us, you wonder what all the fuss is about, the dow is up 1200 points because, a couple of hours ago pfizer and biontech said they got a vaccine for the virus and it is 90% effective. that is groundbreaking news. pfizer up 6 1/2%. biontech is up 10%. listen to what doc siegel told us about the vaccine timeline earlier today. roll it. >> i absolutely predict very likely this vaccine will be out
10:15 am
by the end of this month, we'll start to see it roll how the in december. i think, stuart, it will kill off the pandemic. it is very, very promising. this could be the thing that we need. stuart: look at mow dern n they are up 7.8%. they report on their trials in a couple of weeks. they could be next for the vaccine, but we'll see. moderna is up sharply. there is biogen, absolutely tanking on news that the fda rejected bio biogen's alzheimerrers drug. it didn't work. biogen is down 32%. the work from home stocks, check them out, they're all on the downside in this huge winning market. tell me more about the work from home decline, lauren. lauren: you know, if the world opens back up, again we'll not shop from the couch, working out at home, binge-watching tv as
10:16 am
much as we have been, that ask why these plays. peloton is down 20% today. they're getting crushed. i want to point out since lockdown peloton is up 437%. zoom up 213%. these are not losers. they're just losers on a day like today. let's look at the travel stocks, cruises, airlines, vacation, booking companies, they're all up substantially today, 30% for carnival and royal caribbean. so yes, you can travel. you can't take a cruise right now, you can travel right now. you can take an airline. the fact we might be able to do it without fear or infection is a big deal for a lot of people. stuart: it is a very big deal for a lot of people. investors are taking notes. lauren, thank you very much indeed. you may recall over the weekend massive crowds at biden celebrations but not much social social distancing. kristina partsinevelos from new york.
10:17 am
has joe biden commented on these crowds? reporter: no unfortunately he has not acknowledged the fact there were a lot of people gathering in major metropolitan cities across the country. i'm here in new york city. it is pretty much "a tale of two cities." why? businesses, outdoor dining, ones behind me are thriving. it's a little early right now. other businesses have boarded up because of fear of violence and looting during, or possible election outcomes on saturday which didn't happen. you have other businesses closed completely due to covid restrictions. many have gathered in close proximity for both president trump rallies and to celebrate the elections as well as president-elect joe biden. these events as we can see break social distancing rules. that frustrate as lot of business owners. i spoke to the founder of shrink, lengthen and tone, slt, it is a chain with 16 locations in the state alone and many much her shops remain closed.
10:18 am
>> i'm all for celebration, but there are some double standards here. and the fact that we have closed is just crazy at this point. we have already closed some locations. we are negotiating with landlords continually. reporter: you have 6,000 or over 6,000 independent gym boutiques have not been able to offer their full services. this comes as new york is allowing some areas to open up, closing down other hot spots. the state is the only state in the entire country doing this granular prepare to reopenings. this comes as latest numbers for the positive test results here in new york city. 2.35%. we haven't seen a high like that in the past five months. the woes unfortunately, stu, continue for businesses. many are complaining they're getting slapped with 1000-dollar fines because they don't have proper thermometers, they don't have the city forms for contact tracing, but they don't have signage on the front doors
10:19 am
saying the maximum capacity is a certain number. so the difficulties unfortunately for businesses all across the country still remain. back to you. stuart: they certainly do. kristina, thank you very much. top democrat james clyburn now admitting amount at this police rhetoric may have hurt his party. watch this. >> jamie harrison started to plateau with defund the police. showed up with a caption on tv right across his head, that stuff hurt jamie. and that's why i spoke on it this a long time ago. i have always said that these headlines can kill political left. stuart: we're joined now by former nypd lieutenant darren porcher. darren, how much did the defund the police slogan hurt democrats? >> i think it was rather significant. what we look to the down ballot
10:20 am
elections, we clearly saw that a lot of these candidates were fractured. this goes to where joe biden can either make this opportunity or miss this opportunity. when we go back to 1994 with the crime bill that he sponsored it seemed as if it was overtly to the right. but however joe biden over the course of the years has now taken a step back and receding. when we saw in the wake of the death of george floyd after months on end of violent protests, he failed to come out or produce an agenda in connection with condemning the violence. so it really begs the question, what is his policy in connection with the sentiment of public safety? we clearly saw this as it relates to the down ballot candidates that didn't do as well in connection with the defunding the police agenda. stuart: in your opinion, darren, have the police lost some authority in the cities around our country? >> well by all means police have lost a level of authority and i
10:21 am
think a lot of this is a component of the radical left and we refer to the bernie sanders wing of the party and this is going to present a significant challenge for joe biden moving forward because at one point he is going to look to appease the aocs and omar from minnesota but at same component we had over 70 million people that voted for donald trump. so therefore joe biden is going to have to widen the tent and accept the fact that public safety is a sentiment that americans want moving forward. stuart: darren porcher, thank you very much for being with us today. it is an important day. we appreciate you being here. thank you, darren. >> thanks for having me. stuart: look who is here now, tim murtagh, trump 7 campaign spokesman. welcome back to the show. i know you've been very busy, i will ask you this question right from the start, is the president going to concede? >> stuart, thanks for that question. let's take a step back to realize joe biden is certified the winner is exactly zero
10:22 am
states, none. we look at the fact that about 70 1/2 million americans voted for president trump. he feels around we feel that we owe it to all of them to make sure that every single vote that was cast and counted was legal and that those that were cast illegally are tossed out and not considered. i think the law lays out recount provisions and also avenues for legal recourse and the president owes it to the 70 1/2 million people who voted for him to pursue all those things, to make sure people can trust, not just in this election but in future elections the validity and safety and security of their elections and that is what the president intends to do. stuart: you are making a lot of legal challenges, got it. do you think enough votes will be reversed with these investigations to change the outcome in any state? >> well, let's go through these piece by piece. there are going to be recounts we know in georgia and
10:23 am
wisconsin. we'll confident we'll prevail in recounts there, we know in georgia we believe we'll find evidence of improperly harvested votes in georgia. in arizona, we think the president will win out right when all the votes were counted. at the beginning of biden had a lead of 93,000 votes. it is down to 16,000. it keeps getting smaller and smaller. we think the president will win out there. we have litigation in nevada, more than 3,000 people voted at least improperly not eligible to vote including a number of dead people who cast votes. in pennsylvania we have several different pieces of litigation going. the secretary of state and state supreme court effectively moved election day back three days contrary to state law which says ballots must be received by election days. they extendedded that for three days. our observers did not have meaningful access and watch as thousands of votes counted without our representatives having legal access to the count
10:24 am
rooms. so we do, we have high confidence that as the president pursues his lines of legal recourse, including the recounts in georgia and wisconsin at least, we do feel like there is a runway for the president to win this and win re-election. stuart: trump official is saying this morning they don't have plans for mass rallies like we saw before the election but they will have local events like boat flotillas, that kind of thing. what do you hope to achieve with that? >> we've seen these 307ing up in states. in pennsylvania. there was one in nevada yesterday. they will grabs roots events like the boat parades and courthouse steps, people saying we need to count the legal votes, not the illegal votes. 70 1/2 million people voted for the president and they're a little upset if they believe that this election has been stolen from them and from the president. no plans for presidential rallies but we see these popping
10:25 am
up as grassroots events in all of these key states. people are upset, stuart. stuart: yes indeed. tim murtagh, thank you very much for joining us again. >> thank thank you, stuart. stuart: now this. alexandria ocasio-cortez calling to archive social media posts of people who have supported the president. interesting story. we'll deal with it. and the democrat divide, whoa, it is already really worrying the party. watch this. >> there are at least in the house caucus very deep divisions within the party and i believe we need to really come together and not allow republican narratives to tear us apart. ♪
10:26 am
i'm searching for info on options trading, and look, it feels like i'm just wasting time. that's why td ameritrade designed a first-of-its-kind, personalized education center. oh. their award-winning content is tailored to fit your investing goals and interests. and it learns with you, so as you become smarter, so do its recommendations. so it's like my streaming service. well except now you're binge learning. see how you can become a smarter investor with a personalized education from td ameritrade. visit tdameritrade.com/learn ♪ hi susan! honey? yeah? i respect that. but that cough looks pretty bad... try this new robitussin honey severe. the real honey you love... plus, the powerful cough relief you need. mind if i root through your trash? new robitussin honey severe. strong relief for your severe symptoms. it's time for aerotrainer,relief with your weight and health? a more effective total body fitness solution. (announcer) aerotrainer's ergodynamic design and four patented air chambers create maximum muscle activation for better results in less time,
10:27 am
all while maintaining safe, correct form. aerotrainer's unique design allows for over 20 exercises for a total body workout. plus, you can easily transition from one exercise to the next. want tighter abs and a stronger back to help relieve pain? do the aerotrainer super crunch. the pre-stretch works your abs even harder, engaging the entire core. then it's the back extension, super rock, and lower back traction stretch to take the pressure off your spine and stretch muscles. planks are the ultimate total body exercise. start with a wall plank and progress with maximum muscle activation with comfort. work your lower body with the aerosquat or advanced super squat, all while in a safe, ergonomically correct position for maximum results. build your upper body with pushups. aerotrainer is perfect for bridges and total glute workout. (host) need to reduce stress? just stretch and breathe. (announcer) plus, it's a great platform to enhance yoga and pilates moves,
10:28 am
even increase flexibility and reduce back pain for golfers. the aerotrainer is tested to support over 500 pounds. train hard, because aerotrainer can take it. it inflates and deflates in less than 30 seconds using the electric pump. aerotrainer works for families, beginners, and athletes. use it anywhere. even strengthen your core while watching tv. head to aerotrainer.com now. aerotrainer's unique design allows for over 20 exercises for a total body workout, all while maintaining safe, correct form. now it's your turn to lose weight, look great, and be healthy. get off the floor and get on the aerotrainer. go to aerotrainer.com, that's a-e-r-o-trainer.com.
10:29 am
♪. stuart: well look at that, that ladies and gentlemen, is called a rally. lots of green all over the place. the dow is up 1200. nasdaq is up nearly 200. the s&p, that is a major league gain, 3.25%. very big deal. why? the vaccine makers are leading this rally. pfizer, biontech report their vaccine is more than 90%
10:30 am
effective. that is a game-changer. up goes the market. we have got the vaccine news. we have got that taken care of. gridlock, government gridlock is another plus for the market. so too are these earnings reports. susan: corporate america doing really, really well. 90% have reported so far. 80% of the companies have beaten on sales and profits. technology leading the way and when apple, amazon, google be, facebook report $38 billion of profit in three months from july to september, you know corporate america is doing very well. also ups, citigroup, taco bell owners, yum brands, they easily beat estimates. the companies that didn't get rewarded as much, they didn't get rewards this time around. earnings estimates were set pretty high. raised first time in a decade, right? for the final three months of this year, we have less guidance than usually. companies don't know what will happen with a holiday shopping
10:31 am
period. the street is forecasting all over the place. we're predicting estimates and earnings to fall 11% from last year. it goes into the process where you set the bar low. easier to jump over. that means stocks gain in that type of environment. analysts say the recovery in corporate earnings usually means a v-shaped recovery, at least the bullish ones say that. stuart: the baseline for the stock price of the future is how much money they're going to make. susan: right first they're making a lot of money now -- susan: the stock market is priced out six to nine months from now, if we have a vaccine, that is rallying market today. corporate beginning to print money that is great scenario, look at the market. there is green all over the place. i can't get over the dow. 29,535. we'll take it. next case, oil surging and so are solar stocks. lauren, take us through it. lauren: we'll start with oil. the oil majors are higher like
10:32 am
exxonmobil, explorers refiners, so pretty widespread gains. obviously promising vaccine, an effective and safe one would open the world back up but what is interesting, the green stocks, solar stocks are also rising. look joe biden is, yes, he will attack it fossil fuels but he will face resistance in a potentially republican senate. so you have oil and solar and greenstocks rallying in tandem today. look at these solar plays. first solar sup 3%. sunpower is up 2%. i do want to mention these these stocks put in a solid 2020 performance. stuart: they certainly have. what a day it is, lauren. i love it. lauren: i know wherever you look. stuart: congresswoman alexandria ocasio-cortez, guesting some backlash after calling on her supporters to archive the posts to people who publicly supported president trump on social media. sean duffy, fox news contributor, is with us now. what is the point here? you archive these posts to
10:33 am
people that supported trump. will she go back to look for revenge? is that it? >> listen, i don't know, stuart. maybe she has, go through reeducation process for 70 million americans? half of america, maybe a kill list. maybe it's a no work list. but this is crazy. and fully out of, not the socialist handbook. this is a communist handbook. you have venezuela and on her account saying exactly what chavez did in venezuela in the communist revolution. this is what china does today. you have these lists of people who don't you know, fit with you know, the party norm, the communist norm. but listen, it is really easy lift. half of america should be on it. i will be one of them, stuart. stuart: there are 70 million people voted for president trump. is she going to try to shame them all? i think that is what she will. they will try to shame you, you were a supporter of whatever. i'm getting hot under the collar, sean.
10:34 am
okay. listen to this -- go on. >> but stuart, you're right, they will try to shame but what they don't realize is, most of americans don't agree with alexandria ocasio-cortez. now her little unit district in new york, they might be socialist. they might want a communist revolution but in the middle of america we love a president who wanted to make america great. who focused on our jobs, our economy, our pocketbooks, fight back on bad trade deals. make sure we have immigration policies that follow the law. people loved that because their lives were better. she is absolutely out of touch i think with the rest of america. what we saw in the last election was her party lost big time in house seats. they were supposed to pick up 10 to 20 seats in the house. republicans actually picked up anywhere from 8 to 15 seats. big deal. socialism doesn't work in the middle of america. stuart: listen to what aoc said about the divide within her party which you just referenced, sean.
10:35 am
she says don't blame me. watch this. >> there are at least in the house caucus very deep divisions within the party and i believe that we need to really come together and not allow republican narratives to tear us apart. you know as you mentioned we have a slimmer democratic majority. it will be more important than ever for us to work together. it is irresponsible to pour gasoline on already very delicate tensions in the party. stuart: sean, your response to that? >> well, i would tell you, stuart, that there is not a big idealogical divide in the democrat party. i think a lot of, even the more moderate members agree with aoc. they're socialists at heart. however they can't win in their districts running on a socialist message, running on defund the police message. so they, i think they want alexandria ocasio-cortez to tone it down a little bit. let's not be so vocal in our socialist views. let's do it more quietly. aoc is someone who wants to be
10:36 am
loud and proud trying to remake the party and remake america but at least with this electorate, looking out for the next several elections, it is not going to work with america. stuart: pity the election isn't tomorrow, now that we got the vaccine news t was not t was last week. sean duffy, thanks for joining us. we'll see you soon. >> thanks, stuart. stuart: coming up next the biggest stock winners and losers of the trump administration. we've got them for you. and pot stocks, as in marijuana stocks, flying my. after four more states legalized marijuana. we the latest news on the pfizer vaccine. doc siegel is back with us. this is a game-changer. ♪
10:37 am
10:38 am
and it's the only one of its kind you can take every day. verzenio + fulvestrant is approved for women with hr+, her2- metastatic breast cancer whose disease has progressed after hormonal treatment. diarrhea is common, may be severe, or cause dehydration or infection. at first sign of diarrhea, call your doctor, start an anti-diarrheal, and drink fluids. before taking verzenio, tell your doctor if you have fever, chills, or other signs of infection. verzenio may cause low white blood cell counts, which may cause serious infection that can lead to death. life-threatening inflammation of the lungs can occur. talk to your doctor if you have new or worsening trouble breathing, cough, or chest pain. serious liver problems can happen. symptoms include tiredness, appetite loss, stomach pain, and bleeding or bruising. blood clots that can lead to death have occurred. tell your doctor if you have pain or swelling in your arms or legs, shortness of breath, chest pain and rapid breathing or heart rate, or if you are pregnant or nursing. every day matters. and i want more of them. ask your doctor about everyday verzenio.
10:41 am
♪. stuart: we're holing on to most of the monday morning market rally. we're still green all over the place. the dow is still up just about 1000 points. big tech, winners under president trump but they're not part of today's big rally, susan. susan: they have had a huge four years under trump. this is despite antitrust, also talks of breakup. also china trade war but take a look at google. the search giant made $12 billion a year under the trump presidency. $12 billion. did i say that loud enough for you? stuart: you did. susan: apple made $13 billion a year the past four years. amazon's stock price has quadrupled the past administration. microsoft more than tripled. facebook has doubled. google parent alphabet rallied 83%. this is large numbers we've been talking about over, the past administration, outperforming everybody else.
10:42 am
as i mentioned you had the china trade war, visa restrictionses breakup. how many times were they hauled before congress? three or four times for mark zuckerberg. they can't defy the stock market rally. stuart: they are not very much. some of them are up. susan: microsoft is up 2 1/2 right now. some of them are up, like apple is up 2% as well on china hopes. stuart: big gains today are gains of those sectors where we might open up the economy, start traveling again and start moving. those are the biggest movers. just today. susan: i want to caveat for that because even with the 25%, 30% rallies, you're still only half the levels of the peak we've seen in the 52 weeks. stuart: talking about airlines. susan: airlines, cruise lines, half the levels. stuart: the dow is still up 1100 points. take that. how about the marijuana business. left-hand side of the screen up. ashley, what is going on?
10:43 am
ashley: they're flying high. the theory that joe biden will adopt a pro-cannabis reform agenda. because of that canadian-based companies, all of the ones on the screen are based in canada. tilray, canopy growth, don't forget aurora cannabis. these companies have put a lot of money and investment into the cannabis business. they have made significant invests. look at aurora up 18%. all put a lot of money into investments in the united states believing that the cannabis laws here will start to be reformed. joe biden is seen as someone who can do just that. also let's not forget during covid, more people have gone to use recreational marijuana, and for medical purposes as well and as a result, look at that, tilray, canopy, cure a leaf up 11. these are volatile stocks no doubt.
10:44 am
canopy just released third quarter earnings, stu. they lost less than expected. their revenue was up. they cut their costs. today, like some other sectors a rebound for marijuana. stuart: a big rebound, thanks ash. let's get to the vaccine news. pfizer around biontech reporting 90% effectiveness for their vaccine. with us a return visit from dr. marc siegel. take me through the basics, please, marc. i understand it, you need two shots, about 21 days apart. they might have 50 million doses available this year. a game-changer. tell us. >> this actually has the potential, you know i try to be cautious on this show and i don't want to get ahead of ourselves, this has the potential to end the pandemic, stuart. this vaccine is brand new t has never been used before. they used genetic material to signal your cells to make the protein that the virus has. you have to keep the vaccine stored at a very cold
10:45 am
temperature, like something close to 100 degrees below zero. very cold temperature. but the dod has the ability in place to do that. the vaccine was manufactured by biontech in germany. pfizer is involved in the united states. it has been tested in 44,000 people in the united states now, over 90 showed when they encountered the virus and had a symptom or two they did much better, drastically better than if they hadn't gotten the vaccine, a 90, 95% effectiveness. that is as good as some of our best vaccines. so "operation warp speed" has contracted to make 100 million doses here in the united states. as you mentioned they might get 50 million by the end of the year. we can target health care workers. we can target the elderly. we can target the poor. we can target those who get the most severe cases of covid. by spring the entire country can
10:46 am
take the vaccine. we will encourage compliance. it should stamp out the pandemic. we don't have the safety data yet, stuart. but the safetity data is due in couple weeks. my opinion is they would have told us if there was a safety issue. stuart: it is a game-changer. the market responding with a whopping big rally. dr. siegel. thanks, doctor. >> thanks, stuart. stuart: we have bernie sanders. he is insisting that the progressive movement needs a spot in the biden administration. roll that tape. >> do i believe that the progressive movement today deserves important places in the biden administration? the answer is absolutely. stuart: let's see what he gets. bernie, by the way, has yet to speak to joe biden after he was projected the winner but he has spoken to kamala harris. we'll be back with more.
10:47 am
♪. our retirement plan with voya 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. and it significantly helped me lower the amount of interest i was paying.
10:48 am
sofi helped me pay off $23,000 of credit card debt. and i just couldn't have done it without them. sofi helped me pay off $23,000 adapting. innovating. lsetting the course. but new ways of working demand a new type of network. one that's more than just fast. you need flexibility- to work from anywhere.
10:49 am
10:51 am
.96%. i'm making a big deal out of this. susan will explain the significance. susan: the bond market, five times bigger and larger than the stock market? some say the smart money goes into bonds. what government bond yields are telling you since we're at highest since march, the two year yield is at the highest since june that people feel relatively safe about stocks, given that we do have a vaccine possibly coming by year's end. stuart: money coming out of the treasury bonds? big time. susan: going into the stock market. they're taking more risk. stuart: right. okay. that is it what is happening now. if it hits one, if the yield hits 1%, that would be a revolution almost. let's get to jonathan serrie. he is in atlanta, georgia, jonathan, they're still counting ballots i think. reporter: they are indeed. for now joe biden has a thin lead over donald trump here in the state of georgia but anything could happen. today gwinnett county in
10:52 am
suburban atlanta, is reviewing 95provisional ballots to determine which votes are qualified to be counted. yesterday begin yet county reported its remaining non-provisional ballots after resolving some software problems. the trump campaign appointed georgia congressman doug collins to lead the recount team in the peach state. collins lost a 20 candidate special primary to fill unexpired term of retired u.s. senator johnny isaac soon. that race is heading to a january 5th runoff between democrat rafael warn november, an republican governor appointed senator, kelly loeffler. georgia's other seat is in play with jon ossoff challenging incumbent david perdue. these georgia races could affect the balance of power in washington. a spokesman for the democrat says donald trump's campaign can't bail out perdue's out.
10:53 am
george go voters will vote perdue out in january, and reject his dangerous agenda that will take away health care for millions. perdue campaign says, chuck schumer, radical democrats see jon ossoff as the way to push through radical policies like defund the police. political analysts believe these will be the most contentious and expensive senate races going forward, because the balance of power in washington is in play. stuart. stuart: thank you very much indeed. come in, vernon jones. he is a democrat in the georgia state assembly. vernon why is this race so close in georgia? >> well, first of all clearly there is some voting irregularities. the system alone there is issues. not to mention we're seeing a major portion of these irregularities centered around mail-in ballots. there is something going on
10:54 am
there with these mail-in ballots. who has been pushing mail-in ballots from day one, stacey abrams, jon ossoff, democrat party. that is the biggest area they can commit the type of fraud to throw these elections. look this, is not about republican versus democrat. this is about america. this is about our constitution. a free and fair and transparent election so, everybody should be interested in the accounts, the accountability of this election. what scares me the democrats are willing to try to steal an election and rob the american people of their choice of voting. that is why we're not laying down. we're fighting. we're going to fight this to the end. we have some real fighting opportunities here and we're not laying down. georgians are upset about this. stuart: can you explain what you mean by something going on with the votes? i only got a minute left. can you give me a brief idea. what is going on?
10:55 am
>> for example, one of the largest, not largest precinct, when they were counting the ballots, at 10:30 at night, they told all poll watchers. we're tired. we're going home. you all leave, we're closing the door. they closed the deer around went right back to counting for another three hours. the georgia state law provides for poll watchers to be present. that in itself is a huge gap that certainly leans towards fraud. stuart: that is very interesting. vernon, thank you very much for joining us this morning. i wonder if you will change parties. i know you're a democrat. you support president trump. maybe you will change parties. i don't know. i'm out of time. terribly sorry, flat-out of time. come back soon. we'll see you again. thanks for being here. appreciate it. still ahead, look at this, steve forbes, will cain, nigel farage still on the show. plus, there is a civil war within the democrat party. it is turning vicious. my take on that is next.
10:56 am
10:57 am
10:58 am
during the course of their disease around 50% of people with parkinson's may experience hallucinations or delusions. but now, doctors are prescribing nuplazid. the only fda approved medicine... proven to significantly reduce hallucinations and delusions related to parkinson's. don't take nuplazid if you are allergic to its ingredients. nuplazid can increase the risk of death in elderly people with dementia-related psychosis and is not for treating symptoms unrelated to parkinson's disease. nuplazid can cause changes in heart rhythm and should not be taken if you have certain abnormal heart rhythms or take other drugs that are known to cause changes in heart rhythm. tell your doctor about any changes in medicines you're taking. the most common side effects are swelling of the arms and legs and confusion. we spoke up and it made all the difference. ask your parkinson's specialist about nuplazid.
11:00 am
generation. socialism and your wallet are not a good mix. i think the much bigger news is the vaccine. >> absolutely predict very likely this vaccine will be out by the end of this month and we will start to see a rollout in december. i think it will kill off the pandemic. it's very very promising that this could be the thing we need. >> just think if the election were tomorrow. there's no question trump would have win pennsylvania, michigan, wisconsin, nevada. >> if is anywhere near the truth, if it's anywhere close to 90% effective it has changed the entire world's economy much for the better. >> but yes, i think it would have changed some votes if this had come out sooner. ♪ stuart: you know, i got to tell you, our producers are really smart. they play a song like "higher and higher" on a day when the stock market is going higher and higher. good choice. very smart. susan: yes. very good at what they do.
11:01 am
stuart: 11:00 in new york city. that will be the east coast. it is indeed an historic day. if you own stock, you are probably in the money today. look at the markets. this is really extraordinary stuff. the markets love gridlock which we probably will have. they love really strong earnings which we have had already. and they absolutely adore this vaccine which we will tell you about in a moment. we've got a big hour. we need it to cover everything. congressional lawyer mark smith is with us. "fox & friends weekend" cohost will cain and nigel farage, britain's brexit party leader, they are all on deck. now this. there's a civil war within the democrat party. it is the socialists versus the moderates. it's a very big deal. the left claims biden won because of them. the moderates claim the socialists nearly cost the democrats the election. oh, yes, the finger pointing has
11:02 am
begun. first this from aoc. >> pointing fingers and telling each other what to do, it deepens the division in the party and it's irresponsible. it's irresponsible to pour gasoline on these already very delicate tensions in the party. stuart: yes. gasoline on the fire. then there is bernie sanders. watch this. >> anybody who objectively looks at biden's success and thank god he won, understands that progressive grassroots movements, black and brown and white and environmental, et cetera, labor, played an enormously important role in bringing out the vote. stuart: yes. you can see the conflict. by the way, bernie has yet to talk to the president-elect but he has talked to vice president-elect harris who shares his far left views. less than a week after the election, the party that supposedly won is split down the
11:03 am
middle and is at war with itself. one more point. during the campaign, candidate biden blamed the president for all the covid deaths. he said trump had bungled the virus response. yet this morning, we find pfizer with a 90% effective vaccine in large part because president trump moved so quickly on a virus vaccine. six days after the election, the democrats in disarray. there's a vaccine on the immediate horizon. and the market is having one of its best days ever. how about that. the third hour of "varney & company" is already rolling, actually. stuart: i can't resist to take another look at that market. straight up. look who's here. steve forbes, chairman and editor in chief. steve, would the vaccine ensure
11:04 am
a continuation of the v-shaped recovery? >> -- stuart, but the thing to watch out for next year assuming that biden takes the white house is regulation. they know republicans are likely to keep control of the senate so they're not going to be able to do those massive tax increases but in the regulatory side, we saw what the biden/obama administration, the enormous damage they did to energy, agriculture and the like. farmers are worried about epa regulations coming along about how they use water, modified crops and the like. you will see it in the auto industry where newer restrictions are going to be put on. alternative energy which is going to raise the cost of manufacturing, make us less competitive. look at germany where the electricity rates are two to three times what we have in the u.s. so it will be a slow thing. so this vigorous wonderful v-shaped recovery we have now through regulation in the next year look more like sadly a wet noodle. it will be done by regulation, not by congressional action. stuart: okay. i'm with you on that. but what about this vaccine? 90% effective, available very
11:05 am
soon. doesn't that move towards opening up the global economy, very good for america? >> it is very good for america. but we saw before this covid crisis hit us about a year ago that the rest of the world, europe and others, were having their very slow economies. we were starting to roar ahead again and because of internal changes we made on the tax side and the regulatory side. if europe, for example, doesn't make structural changes, even if you conquer covid, they are going to still be a laggard in the world. so yes, it's very very good news we've got covid, hey, the president said around election day we would have a breakthrough. guess what, it happened but he will get no credit for it. so yes, the conditions are better but if you put in bad regulatory policies, tax policies, it will -- bad things will happen. by the way, bernie sanders and elizabeth warren are not going to go into the cabinet because people forget, in vermont there's a republican governor. if bernie goes into the cabinet, that's going to have a republican replacement. same thing in massachusetts.
11:06 am
they have a republican governor. if elizabeth warren went into the cabinet, there would be a republican replacement. they won't be clones of ted cruz but they certainly won't be socialists. so they will appoint acolytes, not those two figures themselves. stuart: that will keep elizabeth warren out of the treasury secretary's office. but you still seem very worried. you still seem as if regulation could really hurt the economy. are you really that worried? >> yes. over the years, you saw what biden and obama, president obama, did in the eight years. there are policies that gave us the slowest recovery from a sharp downturn in american history. so it won't be immediate, but over time, it's like acid, it will hurt the creation of small businesses. in the last three or four years we started to see a pickup for the first time in a generation the creation of small businesses which is the basis for the future of creating the great businesses of tomorrow. i'm delighted with what's happened with the covid vaccine, that is absolutely fantastic, and it's a real tribute to american private enterprise the
11:07 am
way they mobilize, working with the government in partnership to get something done in an emergency. just as we did during world war ii, turning out all those weapons and everything that enabled the allies to win. so yes, very very good news. but i don't think we should wear blinders about the impact over time of regulation and these people are masters at it. hopefully in the senate, with control of the senate, we will put the spotlight on these destructive moves. on the labor front, you will see businesses hit with labor regulations and the like so we got to be vigilant. very very vigilant. stuart: i've got 20 seconds. do you think the election result will be different if the election were held next week and we already got the virus vaccine news? >> yes. because as much as some people didn't like donald trump's personality, he had a great record in many areas and he delivered on this one, everyone poo-pooed him, i don't, it can't happen. it is happening. stuart: amazing. the timing.
11:08 am
steve forbes, thanks for being here. always appreciate it. thank you. the markets, got to see this, we are holding on to a 1,000 point gain for the dow industrials. check big tech. it's been all over the place today. not great gains, mostly. in fact, we've got amazon and facebook are both down. apple is in there with a gain of just a buck. we have microsoft on the upside. again, it's not a huge -- no, on the downside. they are losing seven cents a share now. google pulling back -- i'm sorry. rallying by 1.25%. mixed bag. no huge gains for big tech today. however, there are big winners elsewhere. susan has a list. susan: let's talk about some names we haven't covered yet. that includes reopening plays like disney which will be reporting results this week as well. they have been dragged down by theme park closures. a vaccine obviously will change all that. apple is another winner today, given it's the world's biggest, it usually takes the market along with it depending if it goes up or down. apple's higher today on
11:09 am
indications that the iphone 12 is going to crush it on singles day in china. $60 billion spent in 24 hours and apple's iphone 12 right now, the number one item on the shopping list. stuart: really? susan: yeah. stuart: number one on singles day? susan: that's right. 1.3 billion consumers so yes, they are expected to do well. banks are also rallying, up double digits today. banks are tied to the economic recovery, as you know. and also making a little bit more money on their loans when treasury yields tend to go up. right now treasury yields on the ten-year at 95 basis points, closing in on 1%. something we haven't seen for awhile. this is because of course obviously light at the end of the tunnel with hopefully a vaccine soon. stuart: all across the board, you can see groups of stocks which are big winners. anything travel-related winning today. so, too, i believe are some of the retailers. lauren, tell us more about that. lauren: yeah. this is particularly good news heading into the holidays, right, especially for the department stores that have been hammered this year. macy's, nordstrom, kohl's, look
11:10 am
at them. up 14% for macy's today. they are all down at least 50% in 2020. this is bargain hunting. these stocks are cheap for a lot of investors so they are picking them up. the retail sector, the etf was up about 8% last week, too. we have momentum. optimism in general out there. it extends on the shopping centers. simon property group and others are rallying so the idea is people will shop, the retailers will pay their rent and it could be a merry christmas for everybody all over again. stuart: and they all live happily ever after. you missed out the ending there. lauren: right? back to you. stuart: there you go. we've got a big show still ahead. nigel farage is here, a conservative brit and trump supporter. i want to know what will happen to our special relationship with the brits under a biden presidency. will cain, "fox & friends weekend" cohost is here as well.
11:11 am
11:12 am
hi, my name is sam davis and i'm going to tell you about exciting plans available to anyone with medicare. many plans provide broad coverage and still may save you money on monthly premiums and prescription drugs. with original medicare you're covered for hospital stays and doctor office visits, but you have to meet a deductible for each and then, you're still responsible for 20 percent of the cost. next, let's look at a medicare supplement plan. as you can see they cover the same things as original medicare, and they also cover your medicare deductibles and co-insurance, but they often have higher monthly premiums and no prescription drug coverage. now, let's take a look a humana's medicare advantage plans. with a humana medicare plan, hospital
11:13 am
stays, doctor office visits, and medicare deductibles are covered. and, of course, most humana medicare advantage plans include prescription drug coverage. in fact, in 2019, humana medicare advantage prescription drug plan members saved and estimated 7,800 dollars on average on their prescription costs. most humana medicare advantage plans include a silver sneakers fitness program at no extra cost. dental and vision coverage is now included with most humana medicare advantage plans, and you get telehealth coverage with a zero dollar co-pay. you get all this for as low as a zero dollar monthly plan premium in many areas, and your doctor and hospital may already be a part of humana's large network. if you want the facts, call right now for the free decision guide from humana. there is no obligation, so call the number on your screen right now to see if your doctor is in our
11:14 am
11:15 am
11:16 am
somehow you win this election, going to pack the supreme court to get your way? >> i'm so glad we went through a little history lesson. let's do that a little more. >> there's court packing going on right now. republicans are packing the court now. stuart: after all of that, joe biden did say that he would reveal his stance on court packing after the election. all right. we are past the election. so where are we with court packing? mark smith is with us, a constitutional lawyer, no less. mark, do you think he will try to pack the court and if so, how would he do it? >> hi, stu. i think joe biden will tell us his answer on packing the court after the election and that will be the georgia senate elections in january, because the only way joe biden can pack the supreme court is if the democrats control the u.s. senate and that will likely be decided in january, when the two u.s. senate seats in georgia are
11:17 am
going to go to a special election. however, let me be clear, stu. if joe biden and the democrats have an opportunity under the law to expand the supreme court, they will do it and here's why. they have to get their radical agenda through in the next two years because if you look at how extraordinarily well the republicans did in the state houses all across the country, then you realize that in two years after the congressional redistricting takes place, there's a strong likelihood that republicans will actually take back the u.s. house of representatives. if that were to occur, any opportunity for radical change would be thwarted by that republican house control in two years so any radical change that joe biden wants to get through including packing the courts, stu, would have to really take place over the next two years once he becomes president, if he becomes president, which i still think is an open question mark. stuart: that's interesting. you think it's an open question
11:18 am
mark. let me ask you this. the trump campaign is launching a series of lawsuits, a number of lawsuits, actually. do you think those lawsuits will uncover sufficient number of ballots, illegal ballots, that are thrown out and that would change the state results in any state? because that's a long shot, isn't it? >> well, you know, i'm not sure it is a long shot. i think it's a legitimate question, stu. the one thing as a trial lawyer and that's what i generally do for a living is i tell my clients litigation is highly unpredictable. once you go to court, you really don't know what witnesses are going to say, what evidence is going to be uncovered, what documents you are going to find. you just don't know. it's very dangerous to go to court because it's so unpredictable. it depends on judges, it depends on juries, it depends on witnesses. the number of variables is extraordinary. so once you get into these legal cases, remember, stu, each state will have a series of legal
11:19 am
challenges that can go on for up to five weeks because you don't need a decision in these states on who the electors will be until december 14th, when they vote for the president in the electoral college so anything can happen. as a litigator, who has seen litigations go all sorts of directions unpredictably so, i think it's really hard to say how this is going to go down. but the trump campaign has legitimate grounds, whether they win or not, only time will tell but no, i don't think there's any guarantees whatsoever in court at all. even in a presidential election litigation. stuart: would you say the one thing that is guaranteed with these lawsuits is a delay in getting the absolute final official result? than delay could be weeks from now? are you with that? >> well, the final result has to basically occur around december 14th. the bush versus gore case lasted approximately 36 days, stu. so there's plenty of time to
11:20 am
engage in a major series of litigations because there were several trials or evidentiary hearings in bush versus gore in florida. those were all completed with witnesses, with evidence, with appeals and twice to the florida supreme court and twice to the u.s. supreme court in 36 days. so there's a lot of time for a lot of lawsuits and a lot of litigation in america between now and december 14th when again, the electoral college will meet. stuart: the market's rallying today. i just wonder how the market would feel and react if we got a delay until early december. you're not supposed to say this in television news but only time will tell. mark smith, thanks for joining us. appreciate it. see you again soon. thanks very much. check those markets, because we've still got a 1,000 point rally for the dow. however, there's a sidebar, interesting sidebar story here. retail brokers, some of them, susan, i understand like the schwabs, have trouble? susan: customers having trouble
11:21 am
trying to get on the system. you heard that from charles schwab clientele this morning. they resolved the issue 45 minutes ago. not just the trading platform but i'm hearing from people contacting me telling me it's hard to even call in right now because they are swamped with a lot of people trying to put in trades. nobody wants to miss this rally, the best we have seen in seven months. and also, td ameritrade, another retail client platform, says customers may be experiencing slowness across some of their web and mobile platforms due to heavy volumes right now. i checked in on robinhood. they haven't experienced any slowness or any friction just yet. but today is a big, big day for investors trying to get into this rally thanks to hopefully a vaccine before the end of this year. stuart: absolutely. very big day and people are trying to get in and schwab's stock is up 7%. susan: yes. stuart: not bad. susan: not bad at all. stuart: a positive vaccine, that news, very positive for the casinos. is that right? susan: yeah. maybe they are trying to buy
11:22 am
into casinos because they are doing very well today. we know vegas macao has been decimated by covid. mgm says they are laying off 18,000. but a vaccine means more of vegas' 42 million annual visitors can come back. so far, they have only seen 15 million travelers to the vegas strip this year. much less than usual. macao gaming is now the largest gaming hub in the world, four times it takes in than the vegas strip, and they saw a drop of 70% in october's gaming revenue. but hopefully, if there's a vaccine, that means more people can go back to gaming tables and that means more profit for casino names. stuart: hopes are high -- susan: hopes are high. stuart: next year, because we don't know how many people will actually get the vaccine or take the vaccine worldwide. susan: i think as i mentioned to you, stock market set to overshoot on the upside and the downside and some say what you are pricing in right now is a loss of enthusiasm that might be tempered a little bit.
11:23 am
stuart: 20%, 30% gains for some airlines, some cruise lines. susan: 65% for amc theaters. that's something. stuart: you're right. they tend to overshoot on the upside and the downside. susan: serious repricing taking place. stuart: you got that right. now then, let's get back to the pot stocks, the marijuana stocks. susan: that lit you up. stuart: oh, very good, very good, very good. what have you got, ash? ashley: awful. talking about high hopes. moving higher on the theory that joe biden will adopt a pro-cannabis reform agenda. you can see canopy growth up 8%, the world's largest pot producer gaining more than 25% just last week on u.s. election enthusiasm. couple of things we need to think about here. yes, the biden/harris ticket is more open, if you like, to reforming and loosening the laws regarding marijuana and cannabis, but also on election night, there were five states that actually legalized some
11:24 am
form of marijuana use. they were arizona, new jersey, south dakota, montana, mississippi. that also is giving a nice boost to these stocks. as you can see, moving higher on the hopes that these canadian companies and the investments they put into the united states are going to pay off under a joe biden administration. but very interesting indeed, that these stocks among all the others today that are moving higher, marijuana doing very well. stuart: yeah. the puns keep rolling on, don't they. it's hard to resist. i was trying to get pictures of you, because you went up to canada and you were in the -- there you are. that's you, isn't it? that's you. ashley: that's one to make mum proud right there. yes, i was very nervous that the drug-sniffing dogs at the airport would pick up on that and i wouldn't be able to get on the plane but obviously it all worked out okay. yeah. these companies -- by the way, that factory in canada was the
11:25 am
only hershey's chocolate factory outside of america. it was known as the chocolate capital of canada. that factory had to close down, then most of the workers reinvented themselves and started growing marijuana. ironically, also cannabis-infused chocolate. what goes around, comes around. stuart: it looked like you were holding a marijuana tree, actually, as opposed to -- [ laughter ] stuart: looks like you chopped down a small forest of cannabis trees. good stuff, ash. ashley: that's a good one. stuart: joe biden's campaign says he will make good on his progressive promises. watch this. >> i think that vice president biden campaigned on an incredibly progressive and aggressive agenda. he is going to meet these crises we are in. stuart: wonder what the moderates think about that. you know that statement right there could really deepen the divide among democrats.
11:26 am
will cain weighs in on that next. ♪ (ringing) - 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. - well, i am a little bit older than you. - yeah it's true. how are you doing? - i'm doing good. i'm encouraged by seeing how people are coming together
11:27 am
to help each other during times like these. - kind of like how shriners hospitals for children is there for us. imagine if i couldn't get my surgery. who knows what would have happened. - same for me. i know my shriners hospitals family will continue to take care kids like us who need them most all because of caring people like you. - like me? - no, the people watching us right now at home. - oh, those people. hi people. - kaleb and i know not everyone can help right now, but for those of you who can, we hope you'll this special number on your screen right now. - you'll be making sure our amazing doctors and nurses can keep helping kids like us, who need them now and in the days to come. - your gift will make a huge difference for kids like us. - ooh, ooh, show them them the thank you gift. - okay, okay, hold on a second. with your gift of $19 a month we'll send you this adorable, love to the rescue blanket as a thank you
11:28 am
and a reminder of the kids you're helping with your monthly support. - so what are you waiting for? you can use your phone and call, or go to loveshriners.org to give and join with thousands of other generous people who change lives with their gifts every day. - i think that's about it buddy, good job. - my pleasure captain. please call now. if operators are busy with all the other caring people, please wait patiently, or you can go to loveshriners.org to give right away. - [alec] big or small, your gift helps us all. - [both] thank you. (giggling)
11:29 am
11:30 am
stuart: shortly, joe biden is expected to make remarks on his covid task force as well as the vaccine. i wonder what he's going to say. he appointed the task force about 5:00 this morning. we got news on the vaccine about 8:00. what's he going to say? as we wait for that, i'm going to tell you the dow industrials are way up, still up 1100 points higher. there's winners all across the board and that's very good news for anybody in our audience who owns stock. you probably do quite well today. now this. separate story but i want to talk about the internal war within the democrat party. i think we've got a sound bite. show me that. they want to know what we've got next. what do we have next? congresswoman alexandria ocasio-cortez blaming moderates for stoking anti-progressive criticism. watch this. >> pointing fingers and telling each other what to do, it deepens the division in the party and it's irresponsible. it's irresponsible to pour gasoline on these already very delicate tensions in the party.
11:31 am
stuart: all right. will cain is with us, the co-host of "fox & friends weekend." welcome back. >> glad to be here. stuart: i have gone so far as to say it's a civil war brewing within the democrat party. am i going too far? >> well, you might be going too far because i think this, stuart. put yourself in alexandria ocasio-cortez's seat for just a moment. you represent a district in queens where you get 70% of the vote. you largely live on twitter where you get high fives all day long about your extreme ideas. i believe you have become, i believe this, the intellectual, the idealogical underpinning of the democratic party. you know, there was this moment and i'm sure you talked about it where abigail spanberger, democratic congresswoman from virginia, said we need to stop using the wordocialism but she didn't say we need to walk away from socialist policies. just stop using that word. what i'm telling you is i think aoc has come to define the democratic party. i think that she is now in charge. i don't know if there's a civil
11:32 am
war. i think she is the one that defines it. i will say this. while she defines the democratic party she doesn't define america and there are storm clouds on the horizon. the democrats are very happy today. they are happy with their presidential win, if it survives its legal challenges. they are happy with what they think is an endorsement by the american public but if you look under everything, there was a rejection of socialism and identity politics. i think they will lean into that over the next two years and they will be roundly rejected for the aoc ideology by america. stuart: but this makes a big difference to the run-off elections for the two senate seats in georgia. if aoc and bernie sanders come on real strong, we are going to make this the socialist democrat party of america, that will really hurt the democrats in georgia. so maybe she will quiet down a bit. what do you think? >> well, that would be a first, i would imagine. you've got it here on the side of the screen. the market rally is obviously in response to the announcement from pfizer of a coming vaccine
11:33 am
but the market is largely responding well to the idea of divided government. but if this government is not divided, if those two georgia senate seats are lost, if there is no barrier to the progressive aoc/joe biden agenda, what do you think the market reaction will be to that? what will be the market reaction to tax increases and the green new deal? stuart: straight down. straight down. >> straight down. stuart: no question. you're quite right on that. now, we are waiting for joe bid biden, president-elect biden to make remarks on covid. after all, he announced his task force this morning. do you think we are going to hear about a national mask mandate, bearing in mind we have got a vaccine that's 90% effective? >> i think we will. i think that vaccine which we will all welcome, is months away from logistics and distribution and making its way to the public, and joe biden has made no secret of the fact he endorses a national mask mandate. you know, coronavirus obviously played a huge role in this election but i got to tell you, from every american i talked to and i spent time last week in diners across america, they take
11:34 am
coronavirus very seriously, but what they want to be able to do is have this economy, have their lives opened up. if joe biden leans into the office in the coming months and i think he like the aoc conversation and the embrace of her ideology will be out of touch with america. we are ready to move beyond the covid-19 pandemic. we are ready for our health to be safe but we are also ready for normality, for our lives, our family, for our economy. i don't know that joe biden is headed in that direction. stuart: you were working in diners all round the country before the election. i don't think you came across many people who want a national mask mandate. who want more lockdowns, more restrictions. i think you're looking -- i think you spoke to a lot of people who just want relief and back to normality. that's my sense of what you got. >> absolutely. they want to be able to make a living. they want to put their kids back into sports. they want to put their kids back into the classroom. look, i have a 12-year-old and i spent the morning talking to my wife about the fact that this is really starting to take a toll
11:35 am
on his emotional development, his social development. i'm not unique. i'm not special. i'm not giving you my woes. i'm indicative. i am what america is experiencing right now. and we want to be able to make our own choices about the risks we take on with our health because we know the price we are paying on the other side of this balance sheet. stuart: yeah. i understand entirely. that was good stuff. great reporting, will. >> thank you so much. stuart: don't be a stranger to us, lad. come see us again soon. we just received this, by the way. health and human services secretary ben carson, he has coronavirus. he has tested positive. he's got it. that just in to us. take a look at that market again, please. we are always going to put it up on the screen, when it's as good as this. you will see a lot of it. bottom right-hand corner of the screen, the dow up 1100. why is this? i will repeat the big news of the morning. we've had it now for about three, four, five hours. pfizer has developed a vaccine along with biontech. they say this vaccine is 90%
11:36 am
effective against the coronavirus. bear in mind that flu vaccines are only 40% to 60% effective so you get 90% effective and you've got yourself a revolution. that's why this market is straight up. how about amc, the movie theater people. loving the vaccine news, up really big this morning. 61%. tell us more, lauren. lauren: yeah. well, look, they have most of their theaters in the u.s. open now, but they were worried about closures in europe, also empty seats because even though you are open, you have capacity limits, you don't have anything new to show on the screen. but this vaccine news is the best piece of entertainment news for the entertainment industry that there is, if you ask me, if we don't have to socially distance or count heads. this would be amazing. it's not just amc but cinemark is up in a big way. so is live nation, world wrestling entertainment. even disney is up in a big way
11:37 am
today. their theme parks, some of them are still closed. they report later this week. i'm curious to see if they say anything on that report about this vaccine potentially changing how it looks at disney in the near future. stuart: i wonder if taking the vaccine will entitle you to a piece of paper and that piece of paper gets you into disney, gets you on to a plane, gets you on to a cruise. i wonder if a vaccine certificate, so to speak, will be a passport in the future. i don't know. but we are going to have to face that question. meanwhile -- lauren: that's why -- stuart: go on. go on. lauren: i'm sorry. that's why distribution has to be done very orderly and it looks like we have, you know, the system in place to ensure that that happens, that those who need it, get it first. but if we are competing to go back to normal by who has maybe a slip of paper, you can see things getting a little bit chaotic. stuart: yeah, okay.
11:38 am
11:40 am
some things are good to know. call the number on your screen now and speak to a licensed humana sales agent to see if you qualify. learn about plans that could give you more healthcare benefits than you have today. depending on the plan you choose, you could have your doctor, hospital and prescription drug coverage in one convenient plan from humana, a company with nearly 60 years of experience in the healthcare industry. you'll have lots of doctors and specialists to choose from. and, if you have
11:41 am
medicare and medicaid, a humana plan may give you other important benefits. depending on where you live, they could include dental, vision and hearing coverage. you may also get rides to plan-approved locations; home delivered meals after an in-patient hospital stay; a monthly allowance for purchasing healthy food and beverages, plus an allowance for health and wellness items. everything from over-the-counter medications and vitamins, to first-aid items and personal care products. best of all, if you have medicare and medicaid, you may qualify for multiple opportunities throughout the year to enroll. so if you want more from medicare, call the number on your screen now to speak with a licensed humana sales agent. learn about humana plans that could give you more healthcare benefits; including coverage for prescription drugs, dental care, eye exams and glasses, hearing aids and more. a licensed humana sales agent will walk you through your options, answer any questions
11:42 am
you have and, if you're eligible, help you enroll over the phone. call today and we'll also send this free guide. humana, a more human way to healthcare. stuart: president trump, very critical of the transparency of the vote counting in philadelphia. grady trimble is there. grady, is there any evidence of wrongdoing at this point? reporter: well, the trump campaign says there is and they plan to outline that in a lawsuit that they could file as early as today. the count is still going on here at the pennsylvania convention center. it resumed at 9:00 this morning. and that count and how close poll watchers were able to get to observe it, is certainly
11:43 am
going to be challenged in this lawsuit. other things we can expect were outlined by the trump campaign over the weekend and they were out of alleghenyheny county, so arguments that the trump campaign will put forward there. the first is that observers were kept away, republican observers specifically, i should say, were kept away from being able to watch the ballots being counted for a full 24 hours. the second allegation out of allegheny county near pittsburgh is that a dead woman was able to vote by mail. listen. >> when you go to the secretary of state's website today, it says that she voted in this election effective november 2nd, 2020. a full nine days after miss ondish of allegheny county passed away. reporter: we should point out the secretary of state's website says her ballot was recorded, it does not say whether this specific woman's vote was included in the final tally. in response to the allegation
11:44 am
that observers weren't able within a close distance to watch the votes being counted in allegheny county, a spokesperson for the county's elections says this to us. at no point were canvassing operations conducted without observers having the opportunity to see the process and the counting. nonetheless, the trump campaign has every right to make these allegations and we will see how things play out in court. again, that lawsuit expected to be filed today. stuart: grady trimble is in philadelphia for us. thanks, grady. now, i want to bring in mike jones. he's a republican, pennsylvania state representative. key question here. do you think it's likely that investigation in philadelphia will kick out enough invalid ballots to reverse joe biden's lead in pennsylvania? >> i don't know, stuart, if that in and of itself will but i want to point out we have about 100,000, 110,000 provisional ballots, unprecedented numbers here in pennsylvania, that still
11:45 am
need to be counted and that was driven in large part at least in our republican parts of the state by either people that requested mail-ins and did not receive them or that chose to vote in person. so we got to first see how the provisionals shake out. we are recommending, myself and a group of colleagues, we will have a press conference tomorrow morning, we are calling for the legislature to fulfill its constitutional duty and perform a full audit of the results. we can do that through bipartisan committees that already exist that have subpoena power. everybody needs to slow down a little bit and see how the votes play out. then we will see what we find in philadelphia. stuart: so it's not over, in pennsylvania, it's not over? >> no, sir. it's not over. i'm not suggesting that one candidate has won or lost, but it is certainly not over. there's a lot of work to do here. we have some strange numbers as well. i'm here in york county that produced more votes for president trump in '16 than any county in the state. we added 13,000 net
11:46 am
registrations in republicans mostly down the stretch right before the election, yet he reduced his turnout, his margin of victory was cut by 3,000. westmoreland county had a swing from democrat plus 10,000 to republican plus 16. that's a 26,000 vote swing in registrations, yet the president's margin of victory remained the same. doesn't mean there's not legitimate explanations but something certainly doesn't feel right and the voters have a right to know we fully audited this. stuart: yes, they do. mike jones, thanks for joining us. very important stuff. >> thank you, stuart. we love you here in york county. stuart: now he tells me. you could have had the rest of the show. thank you very much. you're all right. seriously. >> i like pfizer's timing, by the way. wait until after the election. that was interesting. thank you. stuart: good man. thanks very much. check those markets. you're hanging on to a solid gain, 1100 points up for the dow. i need some winners. start with the airlines. susan: let's start with the travel stocks because they are rallying today, coming off a
11:47 am
little bit. we had american up 30% in the premarket. same with carnival cruise lines. you are going to take it. 15%, 17% up. cruise lines seeing a big day as well, since we have the dow at its first intraday record since february, up 1300 points, 1200 points. we are still in the four figure category. what about hotel stocks being decimated, of course, low occupancy because of covid and they are getting a lift today, thanks to the hopes of a vaccine hopefully soon, especially casino names. you see wynn resorts, mgm and the like. what about travel bookings? because we actually had hedge funds buying into bookings companies like bookings.com, expedia and if travel is coming back with a vaccine, that's also lifting these stocks as well. i also want to note small caps. russell 2000, something we haven't talked about, up 5.5% today and with small caps, small companies do well. that's an indication that they are hoping for a recovery in the u.s. economy. stuart: well, the vaccine would create an improvement in the
11:48 am
economy if we can all travel again, get to work again. that would make an enormous difference. that's why you've got such a rally. susan: i also want to note even if travel stocks with the huge rally we have seen today, they are only half the levels of the peak we have seen. stuart: true, but still a very nice gain. that's what i want to see. the brexit party leader, the british brexit party leader, nigel farage, says the president, as in president trump, should not give up his fight. he joins me next. ♪ don't worry, julie... coughing's not new. this woman coughs... and that guy does, too. people cough in the country,
11:49 am
at sea, and downtown. but don't worry, julie... robitussin shuts coughs down. g...i can file and manage myss claim, all on the geico app. it's not just easy. it's giving-your-dog -your-fitness-tracker easy. oh, good boy. yes, you got it! woo! already got my 40,000 steps today... can i get a what what! non, no ino ! hain. 's geiasy. easy. fast fasd co fasd convntv claimsvice.ervice how fasm ruasg! boyod, ter.es
11:50 am
you're choosing whento get connectedconvntv to xfinity mobile,e to the most reliable network nationwide, now with 5g included. discover how to save up to $400 a year with shared data starting at $15 a month, or get the lowest price for one line of unlimited. come into your local xfinity store to make the most of your mobile experience. you can shop the latest phones, bring your own device, or trade in for extra savings. that's simple, easy, awesome. visit your local xfinity store today to ask, shop, discover the latest on xfinity mobile.
11:52 am
stuart: well, well. in a moment, you are going to see a familiar face. almost there now. his name is nigel farage. he's the uk brexit party leader and he's a big supporter of president trump and now i want to talk about the special relationship between britain and the united states. there was a pretty good relationship under president trump. what do you think the relationship's going to be like with president biden? >> well, i think the truth of it is that president biden, if he is to be president, there is still some dispute about that,
11:53 am
but if it is to be president biden, he's a big supporter of the european union. he doesn't like brexit and crucially, he is a supporter of irish nationalism and he's basically said that there will be no close trade relationship, no trade deal, between the u.s. and the uk unless dublin and brussels are satisfied. so unless we accept a very bad final deal on brexit, president biden doesn't want to be our friend and just remember, he was the vice president in 2016 when obama came here -- >> we're ready to get to work. stuart: nigel, i'm afraid president-elect biden is speaking. we're listening. >> -- to start doing everything possible to get the covid-19 under control. so that we can reopen our businesses safely and sustainably, resume our lives, put this pandemic behind us. we just received positive news
11:54 am
in this fight with the announcement that there's been progress made toward a successful vaccine. soon, the expectation is the fda will run the process of rigorous reviews and approvals. the process must also be grounded in science and fully transparent so the american people can have every confidence in any approved vaccine is safe and effective. at the same time, it's clear that this vaccine, even if approved, will not be widely available for many months yet to come. the challenge before us right now is still immense and growing and although we are not in office yet, i'm just laying out what we expect to do and hope can be done, some of it, between now and the time we are sworn in, so the purpose of this is to let you know what we're going to do once sworn in. so there's a need for bold action to fight this pandemic. we are still facing a very dark winter.
11:55 am
there are now nearly 10 million covid cases in the united states. last week, we topped 120,000 new cases on multiple successive days. infection rates are going up, hospitalizations are going up, deaths are going up. this crisis claimed nearly 1,000 american lives a day, nearly 240,000 deaths so far. the projections still indicate we could lose 200,000 more lives in the coming months, before a vaccine can be made widely available. so we can't forego the important work that needs to be done between now and then to get our country through the worst wave yet in this pandemic. to reduce the spread, save lives. so that's why today, i have named a covid-19 transition advisory board comprised of distinguished public health experts to help our transition team translate the biden/harris covid-19 plan into action.
11:56 am
a blueprint we can put in place as soon as kamala and i are sworn into office on january 20th, 2021. we will seek to add other members to this board during this important -- for additional important perspectives on public health and expertise throughout the transition. this group will advise on detailed plans, build on a bedrock of science, and keep compassion, empathy, and care for every american at its core, making rapid testing widely available, more widely available, much more widely available, and building a core of contact tracers who will track and curb this disease while we prioritize getting vaccines first to the most at-risk populations, developing clear and detailed guidance, providing the necessary resources for small businesses, schools, child care centers, that reopen and operate safely and effectively during the pandemic, protecting both
11:57 am
workers and the public. scaling up life-saving treatments and therapeutics and when it's ready, making sure an approved vaccine is distributed equitably and efficiently and free for every american. cases rising once more, it's imperative that we ramp up our production of personal protective equipment, to make sure our brave health care workers we're going to get states, cities, and tribes the tests and the supplies they need. we're going to protect vulnerable populations who are at risk, most at risk from this virus. older americans and those with preexisting conditions. we're going to address the health and economic disparities that mean this virus is hitting the black, latino, asian-american, pacific islanders, native-american communities harder than white communities. folks in these communities is one of our priorities, not an
11:58 am
afterthought. the bottom line i will spare no effort to turn this pandemic around once we're sworn in on january 20th. to get our kids back to school safely, our businesses growing and our economy running at full speed again. approved vaccine manufactured and distributed as quickly as possible to as many americans as possible, free of charge. we'll follow the science. we'll follow the science. let me say that again. and we'll adjust to new data when it comes in. we'll listen and work in cooperation with governors and local leaders of both parties who are fighting this virus in their communities this very day. there is so much good work happening at state, local levels across the country, governors, mayors, they're stepping up. the advisory board will listen and learn lessons from their experience and because we know that we won't fully defeat
11:59 am
covid-19, until we defeel it everywhere, my advisory council includes experts on global health security, so we can restore u.s. global leadership to fight this pandemic this is a crisis that affects everyone. as i said throughout this campaign, i will be a president for every american. this election is over. time to put aside the partisanship and rhetoric that designed to demonize one another. it is time to end the politicization of basic responsible public health steps like mask-wearing and social distancing. we have to come together to heal the soul of this country so we effectively address this crisis as one country where hard-working americans have each other's backs. uniting the shared goal of defeating this virus. as we work towards a safe, effective vaccine we no know the
12:00 pm
single knows effective thing we can do to stop covid be wear a mask. the head of the cdc warned this fall that for the foreseeable future a mask remains the most potent weapon against the virus. today's news does not change that urgent reality. i won't be president until january 20th but my message today is to everyone is this, it doesn't matter who you voted for, whether you, where you stood before election day. it doesn't matter your party, your point of view. we can save tens of thousands of lives if everyone would just wear a mask for the next few months. not democrat or republican lives. american lives. you know, maybe we would save the life of a person who stock as shelf at your local grocery store. maybe saves the life of a member of your place of worship. maybe it saves the lives of one
231 Views
IN COLLECTIONS
FOX Business Television Archive Television Archive News Search ServiceUploaded by TV Archive on