maria: welcome back here thank you. dagen mcdowell, great to be with you this morning have a great day and that doesn't for us. have a wonderful day. right to "varney & co." we go. stu, take it away. stuart: good morning. the big news is not the election, counts or courts, no, it's the virus because the second wave has arrived and a second to lockdown is on the horizon. the media is pushing hard for this and an op-ed in the "washington post" calls for a port to six week national lockdown in the immediate future and president-elect biden also wants a port to six week lockdown. the "new york times" has an editorial calling for the shutdown of new york city and in illinois the stay-at-home recommendation has been extended past thanksgiving. all of this as a new cases hit a record

144,000, 65000 people hospitalized and we are averaging over a thousand deaths a day. a new round of restrictions would surely slow the economy and put more people out of work, heard even more with travel, retail and entertainment industries perhaps, that's one reason the market is selling this morning. after the huge recent gains the dow looks to be down about 200, s&p down about 10. look at the nasdaq with a modest bounce to the upside with the dana may be a quarter of a percent of the standout political headline comes from bernie sanders. he says yes, if offered the job of labor secretary in a biting next he would take it. on that, we will say this, "varney & co." is about to begin. ♪

stuart: born to be wild, well i guess that's fairly appropriate. what you are looking at is rather empty new york city on a rainy thursday morning. of course, it's been half empty for about eight months and governor cuomo has more restrictions on businesses. ashley, bring me up to speed. ashley: he certainly has. we are going backwards, are not with the governor imposing new restrictions putting a limit on the number of people allowed to gather in private homes. i always wonder how they enforce that. anyway, there is a on bars, restaurants and a jim's. they must close by 10:00 p.m. and the new coronavirus cases it reaching 144,000 and there you have the restrictions in new york , but not just new york as you outlined

others at the top of the shows. the governor in ohio threatening to close restaurants and bars and imposing a mass quarter and could close businesses who don't comply. in indiana limits imposed on social gatherings and school events for most of the state. to point out while that cases and hospitalizations are on the rise, the number of deaths at last count was about half of what we saw in march and april if you are looking for some piece of good news. the number of new infections is going up across the country in most places. stuart: look, the second wave has arrived in new restrictions as well. let's bring in doctor marc siegel, medical contributor. doctor siegel, i know you don't approve of lockdowns, but severe restrictions seem to be on the way. where are you going with this? >> they are going on the

way and i don't need to tell you what the enormous economic cluster that is and i'm also concerned because they don't actually have anything to do with the risk of the virus. i think if you social distance and wear a mask and you don't go to large gatherings-- well, we've seen large gatherings across the country and now, we are talking about this i did new york city about not having bars open after 10:00 p.m. what happens after 10:00 p.m.? i mean, i know people drink more, but you will end up closing these bar's. the york city restaurant owners have said that they don't think they can go six months and keep the restaurants open so i think we have to look at this on an individual case basis. the reason lockdowns don't work is because most people especially in poor neighborhoods are spreading it within households, not in restaurants or these establishments and the cost of locking down and shutting down and stay-at-home orders as people don't get medical care. they don't get psychiatric care. they don't get proper

nutrition. more child-abuse. their skyrocketing depression rates. job loss is a tremendous problem in terms of mental and physical health is so i don't think you can separate these things out and lockdowns don't work medically as well. we had to stop congregating, wear masks , distance and wash our hands and target our testing so we can separate out people who are positive. stuart: say goodbye to thanksgiving. a doctor, stay there for second. i will get back in a moment. i have an important story. ticketmaster may require vaccine were testing proof to go to a concert took this sounds like a vaccine certificate almost like a passport. susan: may only be the beginning ticketmaster plants with customers use cell phones to verify vaccination or show a negative test within the past 24 to 72 hours. there are different apps

and companies tracking your health status of ticketmaster will use accommodation of digital ticketing and health information firms that track your health information and coordinate with testing companies so the board reports ticketmaster won't be able to store the information or access your entire medical records, but how it works, you instruct the lab to send test results to their company like clear, ibm which will be verified in a ticketmaster app. imagine that it's not just concerts. think of movies and also sporting events, i mean, what about workplaces in the future? stuart: getting on a plane, going on a cruise. susan: what about privacy concerns? they say that they cannot access your records. stuart: let's get back to dr. marc siegel. the cdc is now updating its original guidance and assess facemask to

protect the wearer. that's a reversal is not, doctor? >> they had a study out two days ago that looked at 200 countries around the world. they looked at thailand, the original operates in china, the uss theodore roosevelt in the us, multiple states and canada and determined masks were more effective they thought at decreasing not only if you are sick, not just by increasing the amount of respiratory droplets in the air but also protecting you somewhat against incoming if you wear the mask properly and change it frequently. most importantly, by my estimation if you don't use it instead of other things like staying away from people. if you huddled together with someone and you are wearing a mask you can still spread this so the answer is not that the mask is be-all and end-all but more effective than previously thought. stuart: is awfully difficult to stop americans from congregating

in groups of more than 10. very difficult. >> stuart, to ashley's point you don't want to go to people's houses. that's like something out of the soviet union, i mean, we can't have that loss of freedom, no way. stuart: i'm sure we will get more from you today and in the future. dr. marc siegel, thank you. bill lachman is on the screen, powerful wall street guy, not always popular. he said the market is in for another dip on the virus' second wave. what say you? >> ackerman made a big bets back in the first wave, stuart where he made an amazing amount of money and ended up taking about 30 million turning it into 2.4 billion. he's making a smaller bet that on the same derivatives, those default slots where he hope the insurance will pay off. i believe that this time

around we will be a little bit smarter about the economic impact of all those things you and doctor siegel were talking about. i believe we will see a bit of a market downturn if we don't get this thing stopped soon, slow down, but i don't believe we are looking at march april type of numbers. stuart: would you agree that the dow jones looking down about 200 right now is down in part because of the second wave of writing and a new restrictions on the way? >> absolutely. we know that for sure, stuart, because the moment the cuomo news that ashley reported on a few minutes ago, the moment that hit the dow jones took an immediate drop. i was watching the tickertape is a happen, so yes, it's a big thing and the great news is that every time we have had something like this happen all the way dating into july, we get

a rebound because of the bigger story. there is so much money and a so much fear of missing out into the next up late, each one of these down dips has been bought and it's going to happen again. stuart: i know there is one dip stock you like and that's nvidia give me 20 seconds on why you like it and you will try it now. >> it has just pulled back 14%. they were up a bit yesterday after i wrote that it noted to you. they are taking intel server business along with amd because of intel's tech problem. they bought the arm technology and they will expand that. they are going to be a long-term winner in the service business and it is stock has much more upside plus they are a big candidate for a slip just like we saw it has led apple with their stock trading up between five, 50-- 550 and a $600.

stuart: d.r. barton, thank you for joining us. you are looking at futures right now. this is how the market is expected to open in about 20 minutes. down for the dow jones, up slightly for the nasdaq. president-elect biden says he's better than president trump at handling the virus, but do you remember ibo at page one and one? well his new tv-- chief of staff doesn't think biden handled that very well. watch that. >> we did not get everything right in ebola and we were late on many things that we made some wrong choices. i was working for vice president biden and was not involved directly in the h1 and one response. age-- we did everything wrong. stuart: is expected to be a key figure in biden's response to the virus and we will have more on that throughout the show. here's a headline from the "wall street journal" written by karl rove: this election results will not be overturned.

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unfortunately, many americans can't get to a doctor right now. the good news is that for many health issues you can see a doctor online. it's easy. just go to goodrx.com and with a few clicks you'll be treated by a licensed medical professional all from the comfort of your own home. visits are confidential and affordable. need a prescription? your doctor can send it to your pharmacy or have it mailed to you. get the healthcare you deserve at goodrx.com. stuart: a little active discussion about my future investments with susan li. futures is down about 200 on the dow jones, but up modestly on the nasdaq with a split market so far. bitcoin just crossed $16000, first time since a 2018. they have had a good run a. susan: if it's a so risky why don't you buy bitcoin with just a few years away from retirement

60% in two months which is explosive. first, people are buying it as a guest government chaos, more money printing and more adoption of the cryptocurrency which is now going more mainstream and paypal is really the turning point allowing 300 million accounts to use bitcoin and now traditional hedge fund billionaires, we are talking about paul jones two has been a while for a while and another important note is bitcoin has broken out of this correlation with gold prices, which i think tells us 20000 may be around the corner because golden bitcoin were going the same direction as hedges against say more inflation in the future. bitcoin has gone up in gold down and 20000 they say is around the corner. stuart: it's interesting all the billionaires, if they are getting into bitcoin that's interesting.

susan: we were talking about what you should hold heading into retirement and maybe bitcoin is a risky. you know, you decide for yourself. stuart: i will, susan. let's get serious. headline written by karl rove: this election result won't be overturned. i'm quoting from it on the closing of this election will be a hard necessary step towards restoring unity and political equilibrium. once his days in court are over the president should do his part to unite the country by leading a peaceful transition and letting grievances go. former governor of arkansas mike huckabee joins us now. you heard mcardle-- karl rove has to say. what's your opinion? >> i don't know if you got the memo, but fox will start paying us all in bitcoin so that's great news for all of us i hear what carly is saying and i appreciate it, but let's be clear it's not just about

recounting the votes come it's determining if the votes counted were legitimate votes. that's the big issue, it's not account, it's a structure. here is what i would love to see the former vice president do, why doesn't he come out and say in the interest of the integrity of the election i'm going to join with president trump in asking for total transparency, a complete review of all of the elections and ballots and that way if it is determined that i in fact have one with legitimate ballots there will be no checkmark on my presidency, but if it turns out that there was, then we will at least have a rightful conclusion. that would be a wonderful thing. he wants to bring unity? that's how you do it, not by making a speech. take action that sows-- shows the 71 million trump voters that you really want to assure them they are election was every bit on the up and up. stuart: you have to check everything so we can tell

america that this is an election on the up and up and the result was fair. you have to check everything. do that and everyone is happy. one more for you, governor. the gop, after this election going into next year, do you think they still need trump? >> absolutely. know when generated the level of enthusiasm that he has. look at the rallies and the people i mean going out on their boats in their cars and trucks. let me explain why. this is what i think is being missed by the people living in the bubbles of new york, washington, silicon valley and hollywood, these are people who know they have been left out. they have been just diminished and the smugly looked down upon. trump has given them something to believe in about america that it is still their country also and he didn't have to be bitcoin billionaires in order to live the american dream, so what

i hope the gop recognizes is if you can find the energy to energize not only that vast parts of the middle of america, but that turned on new african-american, latino and other minority voters, women about safety and security, you could build a coalition that would be hard to beat and that's what i do believe and ron mcdaniel gets it. i'm grateful for her, but that's what the president has done and the republicans would be stupid if they didn't see that. stuart: he created a new republican party within the republican coalition and he needs to stay. governor, always a pleasure. i won't ask if you have invested in bitcoin. i will say that for another day. governor, thank you. see you soon. >> thanks. stuart: we have on the screen salesforce which has done particularly well this year, real big again 102020, but i

believe they have a downgrade. susan: downgrade from morgan stanley being cut from overweight to equal weight meaning don't buy it but don't sell it. more of a whole. predicting the stock will hit 275, about 9% higher from current levels. most cloud companies have done well this year with covid lockdowns and people still need to access their information from home. ernie's, the amount of cash they make will be pressured because of this new prescription model which i think is smart. will, alibaba, microsoft, amazon, google all of these shares have been propelled because of this cloud trend we have seen and salesforce is up about 60% this year. are you shooting for the lights then with your retirement fund if you are so high risk appetite? stuart: let's not get into this, susan. you are killing me. we have another two and half hours to go on sure we will get into it. in the futures, please.

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stuart: three and a half minutes ago before we open for training with a mixed market, dow jones, nasdaq down-- upper. david, you like to invest in the stock's pepe large and growing dividends and that's exactly what lot of our viewers want at a time like this, a large and growing dividend. so you brought three stocks with you, first one is simon property group. that the moral operator. why do you like them? >> in this particular case it's actually a distress play with a beaten up stock because he may have heard they shut down every mall in the country in the spring. they have now collected 85% of rent for the third quarter with very low leverage in the balance sheet and they

are able to start picking up the dividend as rental income continues. best assets in the country with a really good value. stuart: next one is chevron work that has been beaten down. what are they paying for a dividend? >> over 7% dividend from a company that's paid dividend out for about a hundred years, grown the dividend for about 60 years and obviously tons of bad news and energy sector. i'm pretty sure that's priced in. we are going up from here and chevron is a great play and it's had a heck of a week. stuart: last one is kimberly-clark to require they paying? >> kimberly-clark has paid about 1% dividend. it's in the consumer staple space and we just added this position. i love the consumer staples sector. and they make tissue, kleenex, diapers all the things you have to have no matter what is going on in the economy. grated dividend grower, kimberly-clark.

stuart: big picture you aren't worried about the second wave and the new restrictions coming out as? >> well, it's not that i'm not worried, if anyone is going to get sick and have severe health issues i'm worried for them personally. economically, i'm not worried. society has learned, market has learned. they can't folder trick us anymore. this is a situation we have to learn to live with, but no it won't create the macroeconomic conditions that we saw back in the spring, not even close. stuart: david bahnsen, great to have you on the show, short, sharp, to the point, all good for television. thank you. we have 40 seconds to go before the market opens this thursday morning. we are expecting a drop for the dow industrials, but look at the level they are. above 29000, that's how it close yesterday, the all-time closing high is 29551.

getting real close to that. i don't know how we will close today, but we are about to open in three seconds they will ring the bell. bring that they'll. just a bit late this morning. susan: you were early. stuart: maybe i was early. we have atomic clocks that go to the attempt of the second in our studios. off and running and down 175 points, just over eight half of a percentage point. a vast majority of the dow jones 30 clearly in the red. how about the s&p 500? slightly broader indicator and it's now 131% and the nasdaq is either-- yes, it's up a tiny fraction .14%. on going to show you the vaccine makers. let's concentrate on moderna because we expect that he could be as? susan: they have enough data to give a valid assessment of their

covid vaccine possibly within the next few days and like pfizer may be possibly vaccine approval before the year ends. given its base on similar technology of that pfizer's taxing using a strand of covid dna to make it it should be as effective as pfizer's who said it was 90% effective against coronavirus and with two vaccines that means more doses available, more people can get the shot and that economy can reopen faster but moderna's vaccine like pfizer you still need to shop-- shots and be kept at very cold temperatures. stuart: singles day is over. do we have the results? susan: record-breaking $150 billion, alibaba $150 billion. sold nearly 75 william dollars worth of ad take, gd.com. this largest selling $40 billion in the combined total 10 times amazon prime day this year, roughly eight time cyber monday and black

friday combined. us brands racking up the highest sales according to alibaba including apple, nike, estée lauder pure chinese consumers have this pent-up demand for foreign labels because they have instructed-- stuck at home so they have been buying a lot of overseas brands. listed on the nasdaq is up 25%, another online selling platform. they had a blowout earnings. stuart: thank you. i have seen that stock before, but i didn't know-- stuart: online selling platform. stuart: in china, okay. on the back of singles day is up $2. i got it. disneyland, california that is stopped taking reservations for its hotels. until when, ashley?

ashley: when you are not open why would you. could go to the disneyland website and you will find hotel dates not available looking through 2021 and according to the orange county register several of the popular county-- theme parks-- they are no longer accepting hotel reservations. some counties have moved back to higher covid threat levels. california currently allows smaller or medium-sized theme parks to reopen if the surrounding counties meet a certain criteria for reduced sales. larger parks like disneyland are held to a stricter criteria and by all accounts could be forced to stay close and tell at least in next summer. that said, some outdoor shopping and dining areas by the parks are scheduled to reopen next week. we shall see in disney will report its earnings "after the bell" today and yours truly will handle that.

stuart: we will keep an eye on that. one more, united has something new to clean terminals. what are they doing? ashley: just two weeks before the holiday travel season united says it's using clorox electrostatic sprayers in nearly three dozen airport terminals. united says it has upgraded the cleaning process in 35 of the busiest airports where it operates. the portable electrostatic spread can disinfect services and ticketing lobbies, terminals, even employee spaces and united club locations. the disinfectant sprayers will be expanded to other airports next year. by the way for the upcoming holiday tripadvisor estimates 11% of americans will travel by plane. stuart: by here that florida is the attraction. florida is the destination state for so many people coming up for thanksgiving and it

towards the other holiday. bear that in mind because you are in florida. sony's playstation five, very popular. how popular? susan: rolled out online already in the ceiling place you can get it right now at least with social distancing to keep people safe. they are only offering online. next-generation sony selling 500 to $400 without a disk drive for a cheaper model. that demand was so big that japan held lotteries to see who gets the limited stock. there is only $900 with the frenzy for the microsoft x series back came out on tuesday. series x costs 499 with an online frenzy. gaming has boomed during covid with a record amounts that in the month of march alone. it will be a blowout year for gamers, gaming companies, microsoft i'm

sure is doing well. stuart: $130 billion in the month of march. susan: during the height of the covid lockdown. stuart: and that was the sale of what? susan: online games. stuart: 130 billion? >> yes in one single month. cartridges since i know you like playing with consuls. stuart: seriously, that blows me away $130 billion in one month. susan: yes. stuart: i can't my arms around that. that is huge. esther outdoor, they are in ammunition company and they have a gigantic backlog of ammunition orders. how big a backlog, ashley? ashley: you would not believe it totaling $1 billion. can you imagine that? $1 billion. mr. outdoors a stock that's up 194% this year

because more people have turned to outdoor recreation and products in the company's ceo is calling the demand unprecedented on an earnings call saying the backlog of ammunition is worth more than a billion dollars and a more than year's worth of orders. that's a good problem to have. there's been a surge in hunting as people look to get outside come about there's also rocked a number of first-time gun buyers motivated by safety and personal protection. stuart: yep, i hear it. billion dollar backlog orders for ammunition. got it. one of president-elect biden's new virus task force advisors has a solution for fighting the second wave. rowlett tape. >> we could pay for a package right now to cover all of the wages, lost wages for individual workers, if we did that then we could lock and 44 to six weeks.

stuart: lockdown nationwide for four to six weeks. that's the theme of the show today. then we have bernie sanders confirming his interest in becoming biden's labor secretary. how about that. sandra smith next will talk to me about the market, i believe. back after this.

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stuart: lets me tell you, we opened up this thursday morning the downside for the dow jones with a drop of 170 points. nice game for the nasdaq up 40. >> fox did-- business network. good to see you. stuart: good morning. reporter: what was shortcake when you heard the

president-elect advisor on the coronavirus suggest we could have to shut the country down for another four to six weeks? stuart: i was appalled quite frankly and that's one of the maintains on our show. yes, we have been hit by the second wave. what i am learning so far is that the response to it is going to be strong and heavy new restrictions and possibly a national lockdown as you just suggested. one of incoming president biden's top advisers says it shut it down for four to six weeks and if you read the "washington post" today there is not bad that says it shut it down, the whole country, shut it down for four to six weeks. that's their answer to the second wave. i think it would be disastrous. have you ever considered the economic effect of shutting down this economy all over again for four to six weeks? what about the social effects of all those people locked up at home

with people they may not getting along with well, suicide, depression, all of that comes into play and yet they seem to be gung ho for another national lockdown. heaven for bid, sandra. >> to be sure joe biden has shown interest in keeping doctor anthony fauci on board and he has pushed back on this when he was asked this morning and said it was not his intention to have to do this. he doesn't think it's the right way to go, pretty much saying he would avoid bad at all costs. stuart: book, it's all well and good to say what the scientists decide, but that's not the way it should be. you cannot abdicate governing the united states of america in favor of a panel of scientists. presidents should not be doing that. presidents should lead. that's what i think the incoming president biden should do. >> we will see that and where it goes next with interesting development. wall street took note of

that when the interview first happened on a financial interview. we have new weekly jobless numbers and everyone is trying to see where we are in the recovery. for a while we were talking about the recovery knowing things were getting better with the virus and now, we have spikes with record numbers in some places. the tao is off 200 points. how is the new jobs report being interpreted? >> 709,000 last week is actually a rather low number. that numbers coming down , so newly unemployed people with fewer of them so i would regard that as a mildly positive number. if you want to fit it in the big picture with the big picture a v shaped recovery as we bounce back strongly from the depths of the refresh-- recession. let's get back to this national lockdown. you do that or impose

severe restrictions on new york, chicago, illinois, california, you do that and you slow down this economic recovery and at that also is a factor in the market, sandra. >> i know you talk to businesses every day big and small but you look at these restaurants, i mean, so many that we have lost. stuart: every day on this program, my show here on fox business we camera shot outside of six avenue new york city and for eight months it's been absolutely deserted and it's still deserted and will probably stay deserted for a long time to come. all of those businesses associated with our big cities, outlook looks bleak and it's frankly getting worse. >> now with the cold weather on its way, stuart it's great to see you. thank you. stuart: thank you. where are we now? down 200, for the dow

jones, up 21 for the nasdaq. a german bank suggesting taxing people who work from home. susan: 5% to pay for those that can't work from home so if you make $55000 a year they say the 5% tax works up to about $10 a day in the us and that could raise $48 billion in the us alone. of the employer would pay the tax and the money raised will go to the nurses and factory workers and millions that have to go to work, but they can do it remotely and these workers make less than $30000. they predict the work from home here it is here to stay, 4.6 billion workers will work from home each and every year. i know you are a fan of socialism and redistribution, but what i don't understand is why taxpayer employer. why not cut salaries and have the corporations decide what to do with the money instead.

stuart: why do we encourage people to work from home if that's what they want turkey if they want to stay at home and take care of the kids and their spouses and do the right thing with their family we are going to discourage that by taxing them more? susan: i think salaries will go down with the work from home trend depending on where you want to relocate. i think the dollars are going down anyway. stuart: let's note it's a german suggestion from a near socialist continent which is vastly becoming a new museum. don't get me started, folks. just a few months ago then candidate joe biden made this promise about a potential victory. roll tape. >> will you pledge not to declare victory until the election is independently certified? >> yes. stuart: maybe that's not the case now. meanwhile the term campaign is not backing down on their legal flights across the country. more on that throughout

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stuart: catchy name, lemonade on your screen right now, the stock is up slightly. it's a mobile -based online insurance company, lemonade. daniel schreiber is the ceo and he joins us now. welcome to the show. you went public in july, had some pretty good results yesterday, but i understand you are punching some new projects-- products. >> the company launched its first product only four years ago and three months ago we launched health insurance for your pets. we just announced yesterday we will be launching in the next 90 days term life insurance we are really trying to broaden the offering for our customers in the strategy is predicated on that. we attract people when they are young, about 75% of our customers are under the age of 35, 90 private%-- 95%.

then they grow with us adding family, home, they buy a pet and that translate into dramatic increases in their spend on insurance and hopefully if we have not disappointed with them they will do that spending with us. they graduate from renting to homeowners etc., pretty dramatic. stuart: it is dramatic and you are doing well. congratulations, sir. >> thank you. stuart: also, you are online and that is the weight young folks 35 and under, 40 and under, that's the way they want to go and that's the way you position your company. >> and it's not just online. it's not just a question of putting up a website as opposed to human interface is the question of having the whole thing done through artificial intelligence and chat box.

you chat into a box and it takes 90 seconds, the median time to get a policy. lining up at starbucks takes twice as long. it's also how you are served afterwards so when you make a claim you chat to a bot on your phone. about a third of the claims are settled into containing fully so you really crush costs while delighting consumers and pass on the savings so young first-time buyers can often save 50% by switching to lemonade. stuart: and literally have 30 seconds, but give me an example where you are using artificial intelligence in your products. >> every interaction whether it's how you get supported when you buy a policy, how its price, claim handling all of the handling, virtually digital substrates and even though we have humans, we surround them

with artificial intelligence so it's superfast and super efficient. stuart: daniel schreiber, you got it all in about 25 seconds. come back and see us again. we would love to see you again. thank you. >> thank you. stuart: ahead, on your screen charles hurt, doug collins, greg avenue at here, the governor of texas all coming up, but first joe biden trapped by his own past. that's my opinion and i will explain it in my take after this. ♪

♪ susan: i thought you had another song that was sure favorite. stuart: i have several favorites, but that's a real good one. now i have found another girl. susan: is a daily beatles a segment coming back we went no. we have a problem with that one. every now and again you will get the beatles. that's how we start the second hour. look at money, here's the state of the market, down on the dow jones that we have been holding at a loss of about 200 points. nasdaq holding with a fractional gain, up about .15%.

here is the news backdrop, more than 144,000 new cases of the virus reported in america yesterday. states like new york, illinois, ohio already starting to impose new restrictions and we have some people saying we needed for to seeks weak national lockdown. travel stocks don't want to hear that so looking at the airlines you will see a mostly down. lots of other travel companies when there is talk of another national lock down. p 10:01 eastern time. this is ashley's time. this is ashley's day. mortgage rates. what have you got. >> i'm on the edge of my seat. this is the reason why i'm here. freddie mac coming in at 2.84% on a fixed 30-year mortgage. what do you say? that is up from 2.78% last week. so a little raise in mortgage

rates. jumping. why? we had positive news on potential vaccine for covid. that raised interest rates including freddie mac. however purchasing and refinancing still going strong as we head into the fall, towards winter. rates have fon up a little bit. let's keep perspective. we say this every week, stu, 2.84%. not bad. stuart: you need a low mortgage rate if you will buy a house these days because home prices are going up. 350,000 bucks was the average size after mortgage loan these days. that has gone straight up. ashley: supply and demand. you do. absolutely you do. stuart: ashley, this was your day. come back soon. ashley: thank you. i'm not going anywhere. stuart: don't, don't. now, ladies and gentlemen, this. president-elect biden is trapped by his own past.

he has brought the baggage of four decades in politics into his future, into his future presidency. it is going to be a very big problem. start with iran and the nuke deal. president trump walked out of it, walked away from it. president-elect biden wants to open it up again. this is real bad timing. the united nations just reported iran has 12 times the amount of enriched-uranium that it is supposed to have. "the new york times" report that the mullahs want us to pay them compensation for sanctions before they will go back into the deal. that is not going to go down well, now, is it? the paris climate accord biden wants back in. somebody should point out america is the only industrial nation to meet its emission reduction target. america did that by fracking for natural gas. meanwhile china, with the biggest carbon emissions in the world doesn't have to make any reduction 2030. locking us back into that wildly

lopsided paris deal is not going to go down well. there is hong kong, china's stamping out the democracy movement. in the past biden accommodated china. what will he do now as the communist threaten their neighbors and cover up their role in spreading the virus. trump confronted bejing and our allies, india and japan supported him. if china does kowtow to china it will not go down well. and the virus? candidates biden, he became lockdown joe. he is trapped in the past. as the second wave arrives there are lout calls for a new lock down. there are plenty of signals that the president-elect is head in that direction. locked into the lockdown. locked into the past. if he won the election fair and square we should unite in our efforts to improve our country but there will be no unity if we schmooze with the mullahs, make

nice with the chinese communists and wreck the economy with a new lock down. break free of the past or ruin the country with it. the second hour of "varney & company" is clearly rolling on. ♪ stuart: look at that! what abide a biden-harris administration should priority ties. she details what the new administration should do day one. i don't know if he has a smile on his face, no he doesn't have a smile on his face, charles hurt. i can understand you being glum. >> that is a low bar there. stuart: that's true. let as go with the question here, how strong do you think the influence of the far left on the incoming biden administration? >> oh, i think it is tremendous. one of the things that has been

sort of obfuscated the last four years with all the coverage and hysteria over president trump has been the real division that is dividing the democrat party. and by the way, you know, you can't blame anybody but the leaders of the democrat party because they, because they have sort of encouraged all of this. they have allowed these sort of really crazy left-wing ideas like defund the police and socialism to take hold in the party and party leadership. and that is what is dividing it so i think it is, you can't overstate how tremendously influential those people will be, within the ranks of the biden ranks. they're going to do everything they can to populate the, an incoming administration with people who will carry out, truly crazy ideas like such as defunding the police and trying to get back into bed with iran and not standing up to places like china. stuart: it is a possibility

then? i mean like bernie sanders, labor secretary, that is a possibility. i mean maybe remote but it's a possibility, isn't it? >> oh, i don't even think it is necessarily remote because, you know joe biden that i have covered for 20 years in washington is not the same joe biden that has been running this campaign for the past year. it is an entirely different person. he has been hijacked in a lot of ways by this left ward tilt of the party both in order to get the nomination on the first part which was insane. if joe widen had run as the joe biden, if he had run on president obama's record in the primary he would have sown the nomination up at the very beginning. he would have sown it up right away. instead what he did was, he decided to kowtow to the left and play all these games. he got desperate. now he is stuck with all this and it is a really, really bad thing to be stuck with. stuart: well-said, well-said. hold on a second, one of the

themes we're dealing with on the show today the arrival of the second wave and what this country is going to do about it. listen to one of joe biden's top virus advisors. here is his solution to the second wave. roll tape. >> we could pay for a package right now to cover the all of the wages, lost wages for individual workers, if we did that, then we could lock down for four to six weeks. stuart: what do you think of that, charles? four to six week total national lock down? >> it's insane. by the way, oh, they're going to use your savings to pay for it? this is absolute lunacy. we've proven once before, remember the whole 15 days to slow the spread. it didn't work. what works is personal responsibility, what works is, figuring out a way, putting pressure to get a vaccine. all of those things work. the idea of national lockdowns, that they're going to pay for with your savings, by the way, it is a terrible idea.

it kills people. it kills the economy. it is going to be an absolute disaster if that happens. stuart: well-said. charles hurt, great to have you back on the show, keep smiling. see you again real soon. >> sure thing. stuart: let's get back to money. as we said we're covering the arrival of the second wave and its impact on wall street. i want to raise the issue of a guy called bill ackman. very wealthy guy. new york guy. not always very popular. he is betting on a second wave. oh. susan: act man says complacency is going to take place because people are hope fog are a vaccine fairly soon. that will lead to a spike in covid cases. the stock markets will sell off. why are we listening to bill ackman? he had one of the best trades, i would say trade of his career in march this year when he made 2 $.7 billion on $27 million. people pay attention.

he had the infamous hell is coming. people thought it indicated the bottom in march when he said that they're taking this with a grain of salt this time around. if he is bearish, maybe you should go bullish instead. maybe that will not happen this time around. ackman is putting done 8 billion -- million dollars. stuart: he is putting $8 million. susan: he said what he is paying insurance right now, same price now it was in march which is interesting. aren't we turning the corner on covid? shouldn't we be priced cheaper if that is the case? by the way he is buying into some stocks. buying in berkshire, starbucks lowe's. stuart: betting the market goes down. mr. ackman. jason katz is with us. good to see you again. >> morning. stuart: way want to raise i think are the two negatives for the market. the number one, the virus second wave is arriving.

number two, proseconded election. those are the negatives i see. what see you? >> you're right. this rally, stuart, has been predicated on this vaccine euphoria. with good reason. a friendly fed. powell said as much as week. the fact of the matter is that is weak wave is upon us now. the economic implications of a shutdown would be very far-reaching. and it is our view, that that is unlikely. we somely don't have the political will. so will there be better social distancing? absolutely. will there be mitigation steps put in place and self-imposed lockdowns and will that have an economic impact that is adverse? to some extent it will. but we do believe we'll get some iteration of stimulus to bridge that gap. as far as what is happening in europe with the interest conian lockdowns are unlikely to have here. stuart: the outlook for stocks next year is still pretty

positive? >> the backdrop is pretty constructive, right. you not only have short-term rates anchored here. long-term rates are not likely to go that much higher, based on not being as much stimulus with a divided government. and so with the economy reopening and it is going to have its fits and starts, i do think you're going to see much easier earnings comps. as a result i think earnings will catch up to stock prices and stocks could grind higher. stuart: grind higher. we'll take that. as long as they go higher. i don't mind if they grind or zoom. they go higher basically. jason, thanks very much for being with us. always a pleasure. appreciate it, sir. thank you. how about this, the co-host of "the view," sonny hostin siding with calling for plaque list trump staffers. blacklist them. watch this. >> i think people in that administration not only drafted some of the policies but were

complicit in those policies shouldn't be forgot en. stuart: that's the cancel, that's the cancel culture mob striking again. joe concha coming up on that later this hour. look again at new york's sixth avenue, again for eight months, empty. likely to stay that way now that new york governor cuomo wants to roll back indoor dining and set a nightly curfew. betsy mccoy will sound off on that. ♪ (♪ )

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apple, alphabet, facebook on the upside. not a huge rally. they're up here's a big rally, snap. up 5.7%. susan will tell us what it does. go on, go on. susan: people know what it does if you don't. a social media company. it is skewed toward the younger demographic with the messaging. now snap is being held by two things, a price hike, also an acquisition. snap buying artificial intelligence voice company voca for $70 million. what it does it will help them screen collars, answer basic customer questions. they don't have to hire as much headcount. deutsche bank raising its target on snap to $48 a piece. one of the largest money managers in the world, t. rowe price, owns 10% of snap. t. rowe price is smart. they own a lot of alibaba, big tech companies in chunks. when they buy in that is a lot

of money invested, bullish on snap's future. by the way the stock is up 183% this year. that's all. stuart: t. rowe price knows what it is doing. i like that word ephemeral. susan: that is what it does, disappearing messages. stuart: that makes it ephemeral? i learn something on this show every day, sports fans. we'll move on. can we move on? we're moving on. florida, governor desantis has drafted a antimob law. i believe this allows armed citizens to take matters into their own hands, have i got it right, ashley? ashley: yes, you do. it is anti-mob legislation, it would allow citizens to shoot suspected looters. the "miami herald" reported that the desantis drafted the legislation following months of looting and rioting over the death of george floyd and other similar deaths. the law would fall under the state's self-defense legislation. it would allow armed citizens to

shoot suspected looters or anyone who engages criminal mischief that disrupt as business. the law would reportedly give immunity to drivers who unintentionally hurt or kill protesters blocking traffic. now critics say the law will just the actions of vigilantes, make death the punishment for property crime but desantis vowed to crack down on violent protests. that is the so-called anti-mob legislation. stuart: well governor desantis made florida a real stand out in many, many respects. ash, thank you. new york's governor cuomo, ordering new restrictions as covid cases rise. betsy mccaughey is with us, the former lieutenant governor of the state of new york. betsy is with us now. big picture, betsy, what happens to new york city if we go through another wave of shutdowns, lockdowns, stay at

home stuff? >> well that's right. the governor is pushing new york into absolute economic destruction. already with an infection rate well below the national average new york's unemployment rate is nearly double the national average and it leads the nation in business failures. why? because the state is being governed by a petty tie rant, andrew cuomo, who at will simply shuts things down with science behind it, stuart. i will give you an example. at 10:00 limit on gyms. gyms are where healthy, young people go to work out. these are the people least likely to become seriously ill from. the fact if the gyms were allowed to open until midnight or later, the people would be spread out more widely within the gym and less likely to transmit covid. totally against science. stuart: what due think happens

at thanksgiving which is less than two weeks away? we're not supposed to get together in groups of more than 10, what happens in new york state on thanksgiving? >> i will tell the people of new york directly, now, just defy this ridiculous governor. defy his petty despotic edicts. he has no authority to do this. if in fact the if the new york state legislature doing its job it would step in many months ago to limit in duration and scope the so-called emergency powers of this governor the way many other states have but unfortunately new york is a one-party state so andrew cuomo is allowed to reign as a despot. stuart: betsy, we have not seen each other in about eight or nine months. have you been into new york city in the last eight or nine months? >> of course. of course. stuart: you have? i look out the window every day,

it is deserted i see restaurants and bars utterly deserted and closing. it is that bad. >> that's right. let me point out on a national scale, now we have joe biden advisor michael osterholm literally recommending a six or eight week lockdown. the science does not support it, stuart in new york or anywhere else in the nation. there was a time, foolishly when scientists suggested a lockdown but now almost all scientists as close to a consensus as you can get understand that a lockdown isn't the way to go. we need targeted interventions to protect those most vulnerable while allowing rest of the nation to go about its business. stuart: betsy, thanks for coming back on the show. don't be a stranger. we'll see you again real soon. betsy mccaughey. >> thank you. stuart: let's bring in grady trimble who is in illinois where that state is considering new restrictions. what have you got, grady?

reporter: stu, in fact just yesterday the department of health put out a stay at home recommendation. it is not an order but it is being urged by public health officials here. this as of course cases and hospitalizations rise across the state. the governor also said he is considering another stay at home order. we're at a small business in napierville outside of chicago called pinot's pallet. obviously they would be one of the businesses would have to shut down if a second stay at home order is put in place. pam bartlet is the owner here. you're business is taking a huge hit because of the earlier lockdowns, people are skiddish getting back out. what would a second lockdown do? >> we're operating at about 50% now. i think a second lockdown would take us back to 20% or less. that is really not feasible when you're trying to run a business. reporter: how long could you stay open at that margin? >> i would sy three, four

months, probably at 20% of our normal revenue. reporter: obviously you want your customers to feel safe and comfortable. what would you say to those who are you know in positions of authority considering shutting places like yours down again? >> that we do have safety measures here in place. we have a air scrubber and closing us down would really hurt our business. we probably would have to close in a couple months if we had no revenue coming in. reporter: we wish you and all the businesses here the best of luck. and cases are increasing across the midwest. there are new restrictions going into place in a lot of midwest states. in fact in wisconsin, the governor there, also adding a stay at home recommendation, not an order just yet. stu? stuart: grady, thank you very much indeed. we're staying on this theme, the lockdown idea. president-elect joe biden's virus advisor, one of them, he wants to lock down the country, totally.

watch this. >> we could lock down for four to six weeks and if we did that, we could drive the numbers down and then we could really watch ourselves cruising into the vaccine availability. stuart: looks like we've gone from open up trump to lockdown joe. you have my take on that coming up at the top of the next hour. big show still to come to. joe concha, georgia congressman doug collins. that will be interesting. dan henninger, texas governor greg abbott all here on this program today. more "varney" after this. ♪. turn on my tv and boom, it's got all my favorite shows right there. i wish my trading platform worked like that.

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do declare. i understand, ashley, come into this, fedex and ups, they're hiring a ton of people. are they really scared of holiday delivery delays? is that what this is all about? ashley. yes for the holidays, ups hiring 70,000 workers. will it be enough? the online surge expected to be big, retailers pushing shoppers to buy early, use curbside pickup, to minimize possibility need of delivery. best buy converting space in 1000 stores just to manage online orders. with the holidays approaching, most of the carriers are already at full shipping capacity now for months. amazon is warning shops not to wait until the last minute to buy exists. adobe analytics predicts a total of $189 billion in online holiday sales.

33% increase compared to last year. that is amazing. according to the analytics company, ship matrix, as many as seven million packages a day could thiazide lace from thanks giving to christmas. 6.3 million parcels a day during that 34 day period. don't be surprised bottom line if your parcel a day or two late. stuart: a parcel, ashley. how long have you lived in america? it is a package. ashley: it's a parcel. well. stuart: what is the trunk of your car called? what is the trunk of your car called? ashley: a boot. stuart: oh, okay. what is soccer called? ashley: football. stuart: you got them all right. we better move on before we really ruin the audience. thank you, ashley. thank you very much got more on amazon. they had an uptick in food stamp users. wait a minute. this a new market for amazon?

susan: it has resulted in a 50 fold increase when it comes to online grocery shopping. we know that is making up a larger proportion of amazon sales these days, definitely helps walmart. because walmart is now the largest grocer in america and this is a big chunk of the $55 billion of food stamp recipients spent last year. so that purchasing has increased and surged 20% so far in the first four months of this year. 22 million households are getting subsidized food programs. that number has gone up this year unfortunately with the decimation in the economy but, for instance, in washington state alone. here is an example. 3% of food aid spending in september went online. that number is increase at this point which might help some of these online grocers. stuart: i see nothing wrong with this. this is a new market for amazon. it is an interesting way of poorer people to get hair food. nothing wrong with that at all. susan: a boot is canadian, isn't it? stuart: with an absent like that, yes? it is also english. there you go.

bob's your uncle. we'll get to that later. walmart getting into pet insurance. thank you, arc. ashley: i will do this in american english. pet adoptions are surging in the pandemic. walmart is expanding pet products by starting pet insurance. they are launching a new sight on its web page, walmart pet care. i bet they took a long time coming up with that. it offer as central hub for a full range of animal products and services including an insurance plan offered by pet plan. walmart says customers can save up to 10% on their policies. the pet care business as we know is huge and growing. expected to grow from 53 billion-dollar market to a 64 billion-dollar market over just the next four years. so it is no surprise that walmart trying to grab a bigger slice of the pie, stu. stuart: you got that right, with a british accent.

that was pretty good, ashe. well-done. i have a rhetorical question for the audience? do you remember this speaker pelosi's ice cream show, show-and-tell, right at the height of the pandemic. you have got to see this again. roll it. >> this is something you can get through the mail. >> okay. >> [inaudible] show you? >> absolutely. oh, my, wow. >> other people in our family like other flavors. chocolate. we have some other chocolate here. we got it restocked, the the ice cream, right for easter sunday as we say enjoying. stuart: that was a hard-hitting interview was it. progressive groups released an election day post more testimony. they're not happy with speaker pelosi. the lady on the right-hand side of the screen is rachel campos duffy. she is with us again. is the left turning on pelosi, rachel? >> it is interesting, that the

24,000-dollar subzero refrigerator, the 10-dollar you know ice cream, nancy pelosi a champagne socialist? of course she is. but the problem isn't the champagne. the problem is the socialism and so what happened is that after the election there was, you know, the blue wave didn't materialize and a lot of moderate democrats started to blame the progressives. their defund the police, all the pro-socialist messages. one democrat, congresswoman on a phone call, an internal phone call among the democrat members of the house said never say socialism again. never say defund the police again. and so now the progressives in the group are getting nervous because they want their agenda to move forward. they don't want socialism to be the reason that everyone decided that they lost in the house. stuart: rachel, hold on a second. >> so they're throwing nancy under the bus. stuart: yes. because the left is not afraid of speaker pelosi. if that came out, never say

socialism again, that was out in an open conversation, on the phone, came right out there, everybody heard it. then they're not afraid of speaker pelosi. >> no. they're not. and the left actually, the progressives in the group, and the socialists, if you will, they want her gone. i think they want a face-lift. they know she is out of touch. they know she is as you said not, people are not afraid of her as much anymore. they want to thrower had under the bus, say the reason we lost, nancy is out of touch, not because of the green new deal and all the policies against the working class that they are putting forward. i mean the green new deal as you know is basically a power play for the coastal elite environmentalists. they will put loggers, farmers, energy workers out of business. that's the problem. their problem is policy it is

not nancy's refrigerator or the ice cream. or she was in a hair salon getting her hair done, when everybody else couldn't. it is him hypocrisy. as conservative i'm glad they're not getting the message. if they continue on this path you will see a bloodbath worse than now come midterms. stuart: it will be interesting result in georgia, if socialism raises its head again. rachel campos duffy. appreciate it. >> of course. stuart: georgia congressman doug collins is coming up on this show on his state's effort to recount every single vote by hand. doug collins on this show in the 11:00 hour. bernie sanders says if offered, yep he would take the job as labor secretary. how is the job market going to cope with that? i will ask the question. first the left is trying to blacklist trump staffers. yes, they are. joe concha fired up about that. joe is next.

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stuart: suppose you had to go, you want to go to a concert. to get there you have to have a vaccination certificate or a proof of a negative covid test. ticketmaster is considering that kind of plan. now we talked about this on the show frequently. maybe the day will come when a vaccination certificate is a kind of a passport that lets you fly or cruise or go to a sporting event or concert or a movie. there is a obvious problem with this. what about those who refuse to take the vaccine? are they barred from travel? this will no doubt end up in court but the vaccine passport seems to be on its way at this stage. now this, the cancel culture

strikes again. the left trying to blacklist every trump staffer. watch this. >> i think those people in his administration that not only drafted some of those policies but were complicit in those policies shouldn't be forgotten. i don't think that those people should be able to profit from their experience within the trump administration. people need to be held accountable for their actions and i don't think it is reminiscent of mccarthyism at all. stuart: well, how about that, joe concha? just go straight at it. what do you make of that? >> okay. well, can we cancel cancel culture? i would sign up for that, stu, no question. this business, you will get a lot of criticism, right? i like criticism, i don't know about you, at least the constructive kind. not the destructive kind only makes us better. now the debate has become, i

disagree with you on that, it becomes personal. it becomes moral. i'm a good person. you're a bad person with bad intentions, you don't deserve a voice, a platform, free speech. you need to be made radioactive. you shouldn't have a job. a writer at "the atlantic" jonathan rasch called it social murder. that is exactly what this is here. sunny hostin on "the view." that is just "the view." it is very influential. everybody sells books go on there. politicians, go on there. it is part of abc news division before you say entertainment. they don't embrace the most important diversity of all, that is the diversity of thought. i'm sure joe stalin looking at sunny hostin, you go girl. we should have a list to put them from ever supporting their families again. stuart: the robert reich, truth and reconciliation commission,

trump supporters are hauled in front of it. maybe you go to a training camp. it is coming joe. it really is coming. it will keep the country apart all over again. let me move on to this. democrats are calling for people, democrats to move to georgia to vote. what do you say about that? this is an important election in georgia on january the a 5th. >> it is the whole ballgame. the political universe will look at georgia, if those two seats go democratic, 50-50 split, kamala harris is tie-breaking vote. it is not just democrats, thomas freed man of "the new york times" who i guess we're supposed to take seriously, goes on national television on another cable network last night implores people to pick up their lives to move to georgia just to get the republicans out of there. what journalist or even columnist in this case says something like that? all but again, if you give a clean runway, house, senate,

oval office, one party, just like rachel campos duffy talked about a couple minutes ago, talking about abolishing i.c.e., the filibuster, electoral college. eliminating student debt. giving free college. expanding the supreme court. expanding the senate with two new states, defunding the police. obviously adding trillions in taxes with the green new deal. that is what we're looking at here unless we have a republican firewall in the senate to block the alexandria ocasio-cortez wing of the party and pushing forth all those policies. i bet if you asked joe biden he would say you know what? , give him truth serum, i think i would have a republican senate because i don't want to deal with that element of my party which i don't relate to. stuart: save him in absolute disaster in later elections f he goes socialist he loses. joe, appreciate it. >> thank you, stuart. stuart: sonos trying to stand out in the music streaming business. what are they doing? susan: they're offering hd radio. if you're thinking why do they

need with hd? the sound quality, what they call it. cd quality, highest quality of sound you can get on any radio streaming service. no ads. skip repeat songs. it will cost you eight bucks a month after a 30-day free trial. compare to another high-end, high recent radio dreamer called title, that costs 20 bucks a month. allison isbucks, 10 bucks for non-prime members. sonos, feels they're moving into raid sew streaming because big tech-titan are encroaching on their speaker space. if you think about it, amazons, googles, apples offered 100-dollar smart speakers are now affordable competing with sonos. they thought i will get into radio streaming like apples and spotify as well. stuart: i understand that i personally like the sound quality from vinyl records. don't laugh. don't laugh. susan: not cds? or the eight-tracks how about that? stuart: sound quality from vinyl pumps right at you.

sharp edged. i like the stuff. okay? susan: okay. stuart: thank you, susan. ford putting $11 billion, billion, that is, into hybrid and electric vehicles? are they planning to take on tesla? we'll ask them in our next hour. quick check of the market. coming up we have a guest says a vaccine is more important to the market than biden's policies. she will make her case after this. ♪ hi,

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♪. stuart: let's see now, we've got the dow down 120 and we've got the nasdaq up 36. not that much price movement for stocks thus far this thursday. but we do have the state of texas which has become the first state to surpass one million virus cases. now casey stegall is with us. he is in dallas. casey, i want to know where exactly are the cases in texas going up the most? reporter: well, stu, it's primarily in laredo, texas, and el paso, texas. more on that in a moment. i want to paint the larger picture because texas is not the only one experiencing a surge. public health data show all 50 states are experiencing increase in cases.

some places are worse than others obviously. and across the country, we're also seeing a record high number of hospitalizations. some 62,000 americans are in the hospital. that is the highest level since this whole pandemic began. now we were talking about el paso, texas. it is among the hardest hit. they have doubled their moving capacity just this week. 10 trucks now being used because the first four filled up so quickly. they can't keep up with the funeral moments. another border community, laredo, texas, is also getting slammed. look at pictures. tents going up in parking lots to create more space for more patient the. we're hearing similar stories coming out of iowa, minnesota, wisconsin, north dakota. the list just goes on and on. gentex sass not the only one experiencing this. stu? stuart: thank you very much indeed. good stuff. next case, let's talk about guns

and ammunition. vista outdoors, that is an ammunition maker, a company that makes ammunition, they have got a gigantic backlog of orders. how big of one? susan: a billion dollars worth. this is to reload the record number of guns that have been purchased so far this year. around 18.6 million firearms are sold in 2020. one million were sold in october alone. that is 65% spike from last year. this is of course because of the unrest we're seeing. actually women account for 50% of the new firearms have been sold which i found astounding. stuart: you could find some increased demand for ammunition now because there is talk about putting the tax rate up on ammunition at some point in the future. so buy it now. at that price as opposed to in the future at another price. susan: protests that is what is spurring gun sales. stuart: a lot of people don't like guns. the way to get rid of them is tax the ammunition.

cut down on the usage that is the theory at least. why ammunition with a billion dollar backlog. huge. absolutely huge. vista outdoors is up 1.7%. coming up we have the governor of texas greg abbott about that surge of virus cases in that state. also ahead georgia congressman doug collins on his state's efforts to recount every single vote by hand. plus you have my take on the left calling for lockdowns, yeah, maybe on the horizon here. the third hour of "varney" coming right up. ♪ (coughing)

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>> the governor is pushing new york into absolute economic destruction. the state is being governed by a petty tyrant. >> we're talking about this idea in new york city about not having bars open after 10:00. well, what happens after 10:00? lockdowns don't work medically. >> i believe we'll see a little bit of a market downturn if we don't get this thing stopped soon, but i don't believe we're looking at large tubes of numbers. >> society has learned, the market has learned, this is a situation we have to learn to live with. >> remember the whole 15 days to slow the spread? it didn't work. it kills people. it kills the economy. it's going to be an absolute

disaster. ♪ we're not gonna take it, no, we ain't gonna take it. ♪ we're not gonna take it anymore ♪ stuart: i'll tell you, the producers picked a beauty. we're not gone that take it. we talk about the lockdown for 4-6 weeks. it's 11:01 eastern time. you saw the highlights from the firsts two hours. here's what's till to come, doug collins, dan henninger, "wall street journal," and the governor of texas, greg abbott. big hour still to come. check the markets, where are we? not that much price movement. the dow's on the downside, but look at the level, 29,250. the nasdaq is up 40 points, 31,800. 11,800. and now this. watch out. the second virus wave has arrived, and the left wants a new lockdown. in democrat democrat-run states,

new restrictions are on the way. first of all, look at this, a full coronavirus disaster is already here. we can't wait until inauguration day to act. that's "the washington post." the authors want a 4-6 week national lockdown. and so does one of president-elect biden's principal covid add vise ors. in new york city the times says indoor dining must stop. nonessential businesses must close. religious leaders and business owners should tell people to worship and work from home. illinois has extended its stay-at-home recommendation for another three weeks. what's that going to do to your thanksgiving? we're walking right back into a lockdown problem, and it's a big problem. the economic damage will again be intense. that's putting it mildly. whole industries are shrinking, some will not recover. millions will be forced out of the jobs they've had for years,

and the social damage? absolutely terrible. the first wave took a dreadful toll of suicide, domestic e violence, depression and substance abuse. a second lockdown could be even worse, and the tragedy, in my opinion, the damage to our children's education. so many have lost a year of learning. heaven forbid it stretches out into next year. it's worth pointing out that the first lockdown was not a noticeable success. what a shame that our incoming president and democrat state governors want to repeat the failure and bring on another economic and social disaster. the thursday hour of varney and -- the third hour of "varney & company" just about to begin. ♪ ♪ stuart: straight to it. the money lady, that would be heather supering rag georgia. [laughter] -- zumarraga. i hope you don't mind that

title, heather of. >> not at all. yes, sir. stuart: you say a vaccine is more important to the markets than joe biden's policies. make your case. >> right. i'm not saying that joe biden's policies wouldn't have an impact on the market, but the reason is that there's a likelihood that we will have a divided congress. and if you look at monday's action in the market, 90% active fuser drug and vaccine -- pfizer drug and vaccine that may be coming out, that caused the market to soar. that tells me that divided congress will be great for the stock market, and the promise of a vaccine and getting people back to work is really more important at this point for investors. stuart: okay. one of the themes that we've had on the show today is the number of new cases. it's skyrocketing. it goes straight up. and the likelihood of a new lockdown. i'm going to play for the audience one more time this sound bite from one of joe biden's president-elect biden's incoming virus control panel

guys. just watch this. >> we could pay for a package right now to cover all of the wages, lost wages for individual workers, for losses to small companies to medium-sized companies, for cities, states, county governments, we could do all of that. if we did that, then we could lock down for 4-6 weeks. stuart: do you hear that, heather? we could lock down for 4-6 weeks. what do you think, if it happened -- and they suggest this -- what would happen to the market? >> it would be tv stating for the u.s. economy -- devastating for the u.s. economy. look at the gdp data, for example, in the second quarter was one of the worst on record followed by the third quarter after we reopened the economy which was one of the best on record. you know, i have a lot of lifelong denial9 accurates that i know they voted for president trump solely because they don't want the economy to lock down again. they have kids that need to go to school. you had dr. marc siegel on earlier in the show outlining

the enormous health impacts of being locked up and staying at home. it's not to say what's better or worse, getting covid or depression and children getting behind on education, but why can't we just take common sense measures and continue reopening the economy as we have the promise of a a vaccine coming, as moderna is on the back of the pfizer news as well? it would just be devastating to americans not just psychologically, but from a health standpoint to shut down. maybe as much as going out there and having people, unfortunately, contract covid. stuart: okay. big picture for a second, forget the virus, forget the president-elect's policies, forget all of that. do you think that money from the federal reserve, strong profits, a divided government and probably some stimulus money, put all of that lot together, is that enough to keep this stock market going up next year? >> absolutely. especially if we can forget about covid. i think we all want to get past

covid and move on. look, the fed has taken unprecedented measures and steps to keep the economy going, and they have begged for fiscal support. doesn't look like we're going to get any more stimulus from congress until february, but shutting down the economy would not be the way to continue the momentum we have in the market, yes, sir. stuart: it's a huge problem. heather, the money lady -- [laughter] thanks for joining us. >> yes, sir. stuart: take that title and run with it. >> i will. i love it. stuart: thank you, heather. come on n brian brenberg, professor at the kings college in manhattan. look, we're getting new restrictions in various states, and there is this talk of a lockdown. just look at the restrictions for a second. new york, ohio, california, illinois. is that going to slow down the economy significantly? >> well, of course it's going to slow down the economy significantly. and i can't believe the hubris of someone like michael osterholm talking about 4-6 week

lockdown and saying, oh, if we allocate money for it, we can pay for it and no problem. at what point did he become the experts on the problems that small businesses deal with when they get locked down? he doesn't. medical professionals don't like when the average person ends up on their turf talking about infectious disease? well, small businesses don't like it when infectious disease. doctors think they understand what it's like to run a small business today. the fact is this would, indeed, be devastating. and here's the real problem, it's not just what it does to the business when the lockdown happens, it also means the business puts on the shelf, takes off the table all of their hiring plans, all of their growth plans. it is simply status quo freezer. and that means the recovery cannot continue because nobody's making plans to rehire. stuart, i cannot overstate to you how much of a problem this would be for our most vulnerable businesses in this country. stuart: not to mention what i problem it will be for new york city where both you and i do

business, brian. but let me move on. bernie sanders says you offer me the job of labor secretary and, yes, sir, i'll take it. all right, brian, what kind of damage do you think that bernie sanders could do to labor in america? >> talk about a double whammy of lockdowns and then the a leftist labor secretary? bernie sanders has one reason he wants this job, and it's to make husband mark. he's never going to be president of the united states, but he can do a lot of damage as labor secretary. he's going to be in charge of workplace safety, of any pay disputes, all union disputes, all of these areas having to do with how you pay workers, pay equity, hiring rules and policies. owl of that is under bernie sanders -- all of that. and do you think president biden, if you get a president biden, do you think he's going to say no to bernie sanders in that role? i don't think so, because everybody in social media, all the hard-left folks who love bernie sanders are going to be defending him every day.

bernie sanders is going to have his way if he ends up as labor secretary, and that means every business in this country is going to be lawyering up. forget about the hiring, it's all about lawyering up. stuart: you know, we were having a pretty good day before you said that, brian. professor, i do think you're all right. [laughter] come back and see us soon. [laughter] thanks. >> you bet. stuart: check the market, please. it's a narrowly mixed market. you're up on the dow -- i'm sorry, you're down on the bow dow, you're up on the nasdaq. not that much movement though. how about big tech? we checked them an hour ago, they were all up. they're still all up. apple's reached 120, facebook is 278, and look at microsoft, 217. i'll take it. some big names. >> i'm sure you will. [laughter] stuart: i will. you know, we've got to tell the audience about my retirement. not my retirement, but about my invest policy. >> okay, strategy. stuart: given my age. we'll save it for later, okay? we'll tease it. [laughter] some big names though, and this

is for you, some really big names are going to go public or want to go public so you can invest in 'em before the end of the year. >> the hottest unicorns around, the airbnbs, doordashes and even smaller ones like roadblocks and wish. wish is a retailer. they're all expected to make their filings by early next year and list shares, hopefully, before the end of the year according to reports. remember that 2020, despite the fact that we had covid, has been a huge year for tech ipos. you had snowflake, palantir, asana and unity all in one single month, and it's set to be a record year for the amount of cash being raised in these ipos, $95 billion at the end of september. so that's going to challenge the record amounts we saw going back to the 2000 dot.com bubble. debuts have been fantastic. again, that is close to a record

as well. but this year has also seen disruption when it comes to fundraising because airbnb was supposed to go public in march of this year, then covid happened. airbnb actually had to cut their valuation, but if they go ipo, this is the largest unicorn around before the end of the year, looks like their valuation is going to hold around $30 billion or so, and even this is enticing somebody of retirement age like you -- stuart: i'm not retiring. [laughter] make that very clear. susan, thank you. still a big show still to come. dan henninger from the "wall street journal"'s here. i want to get his take on how joe biden's past, past policies and ideas, could create really big problems for his future presidency. texas, more than a million cases, first state to get to that level. we have the governor of texas on the show, greg abbott. what can we he do about this? but first, georgia will recount all of its ballots by hand. how long's that going to take? and is it likely to change the overall results? georgia congressman doug collins

weighs in on that next. ♪ ♪ makes me that much smarter, so thanks for making me a fighter ♪ businesses today are looking to tomorrow.

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♪ ♪ stuart: georgia is going to recount all the ballots cast in the election, all of them, and they're going to do it entirely by hand. congressman doug collins, republican from georgia, joins us now. congressman, great to have you on the show. a lot of votes cast. you've got to count them all by hand. how long's that going to take? >> well, we think it's going to take 3-5 days. this is a recount of the presidential ballots here in georgia, and, you know, this is a first is step. every legal vote counting, this

is something that we've asked for, the president's team has asked for, ask we're glad the secretary of state agreed to i it. now we've got to get it done and begin to move forward. stuart: the objective is to show that this is an open and fair election and that all valid votes were, in fact, counted. t not likely to change the vote count, is it? >> well, i think it's going to give us an opportunity to begin that. we don't know at this point, especially with some of the concerns that have been raised going forward and being able to look at ballots and were they counted properly in the beginning and did we get that. now, there's other aspects as well that we are looking at separate from this, and that is the issues of signature matching that we've been getting reports of that we're having affidavits filed in. those are the kinds of things we're working on right now, but first and foremost is to get this recount done. if we see ballots that should not be counted, we can challenge those, but we need to move forward so that people can be assured that their vote counts and that it matters. the president needs to know that as well, and so does the rest of the country because we still

have two more elections here in georgia in the next 60 days. stuart: those are the really big elections. this is very important. january the 5th, two senate seats up for grabs in georgia. is there any doubt in your mind, i know you're a republican congressman from georgia, is there any doubt in your mind that the republicans will win both seats? >> i think they will win both seats. as someone who just went through that election process, david perdue and kelly loeffler will win because really people now understand very clearly that this really swings in the balance of do we want to keep our systems as we have seen them, our free market business, the freedoms and liberties that people have to get up and go to work every day and do the economic expansion we've seen over the past few years to get over the covid crisis crisis, oo they want go backwards into a joe biden-led tax increase with a senate that just goes along with anything that they have, along with a nancy pelosi house

that has already threatened to push us further to the left? i think people in georgia see this, they're going to be activated by this, and senator loeffler and senator perdue are going to make strong cases of that. john ossoff and warnock are not the candidates for georgia, and i think people will see through that. stuart: can you just tell me about the warnock/loeffler runoff? last tuesday there was more than one republican in that particular race. now it's the down to one republican, ms. loeffler, versus reverend warnock. so it's a more straightforward election, isn't it? >> very much so. our governor chose to do this as a general election primary basically, a special election primary. so you not only had republicans, myself and others, but you had democrats, green party, so this is really what should have happened back in june. it happened in november. no one was going to -- we knew this race was going to be a runoff from the beginning. there was never a doubt about

that, and that's exactly what happened. and so now, look, reverend warnock didn't have answers for a lot of questions. the democrats on the ticket were not as strong. but he didn't have to answer a lot of questions about his record and where he came from. he's getting ready to have to answer those questions. he can't just run, you know, puppy dog ads and everything is well anymore and people believe it. they're going to actually hear about his record, about who he supports. those are the kinds of things he's going to have to actually come forward with ideas. stuart: congressman, if there's one thing i'd really like to be, it is a tv station the owner in the state of georgia -- [laughter] between now and january the 5th, because i think i could sell just about every second of air time available. am i right? >> that would probably -- look, i've already experienced a little bit of that. it'll be a merry christmas for the doing folks. stuart: absolutely. for the advertising folks. stuart: i know you're busy, we appreciate your time. >> thank you, take cower. stuart: now let's get to the markets because morgan stanley

has released its top picks to lead, wait for it, to lead online advertising growth. that's got to be facebook. >> social media plays, so, yes. someone like facebook, google also in there, alphabet and pinterest, and morgan stanley says these are the biggest beneficiaries when advertise thing spending comes back, up 20% in growth, they say, next year. mostly because travel ads will make a comeback with a vaccine. right. and the biggest recipient will probably be facebook. they'll get the largest increase. analysts predicting ad sales could jump by almost a quarter next year for facebook. and this kind of, i guess, rolls into why the stock has done so well this year. stuart: i never thought of that, but it's true, isn't it? travel advertising. e -- >> that's because no one's traveling. stuart: of course. if it comes back next year, that's a big chunk of advertising that comes back -- >> but that also means you could

buy into the travel stocks too, no? booking.com -- stuart: my retirement and my old age sort of investing later -- [laughter] not in airlines or -- >> yeah, yeah. stuart: shall i move on? [laughter] walmart, they are adding a new service for pets. ashley, this is your story. what are they doing? >> yes, it is. and appropriately so. i have two very sweet little dogs who i basically work for. [laughter] they're not cheap, but i love them. -- i do, i swear. look, we've seen pet adoptions surge during the pandemic and, yes -- oh, there's gracie, helping me when i was in the garage in connecticut. her tongue stick thing out. look, the savvy folks at walmart expanding their pet products by offering pet insurance. look at that fuzzy face. and look at the dog too. [laughter] starting today the company is launching -- there's gracie on the left, baxter on the right. baxter's the one with his tongue

sticking out. walmart getting into the pet insurance business. you can get a 10%, you know, savings if you go through walmart. look, they offer dog walking services, at least they put you -- this is a smart thing for walmart. it's a $53 billion market. it's expected to grow to $64 billion over the next four years. i have contributed to that mightily. and so do every other pet owner out there. wall market very smart as always, getting a bit of a slice of the pie there. aren't they gorgeous? stuart: yes, they are. what were the two most popular dogs' names in england when you and i were youngsters, do you know? >> oh, god. rover -- [laughter] i have no idea. stuart: yes, rover was number one, and number two was fido. [laughter] it comes from the latin which means trustworthy. rover and fido. don't ever forget that, ladies and gentlemenful. [laughter] next cause, we're done with you,

ash. ford putting $11 billion into hybrid e and electric vehicles. are they trying to compete with tesla? next time you go to a concert, you may need a negative covid test or a certificate you've been vaccinated to get in. we've got a live report on how ticketmaster might have to check your lab results. we'll be back. ♪ ♪

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stuart: i don't like the sound of this: if you choose to work from home instead of the office, you pay a 5% tax on your income? it's called a privilege tax to be distributed to lower-paid people who have to go to the office. okay, hold on one second. that is the suggestion of researchers at a big german bank, deutsche bank. i'm not keen on this. shouldn't we be encouraging those who want to work from how many instead of taxing them more? but why penalize those who want to help their family are by being with them in difficult times? i hope this is just another european tax hike that will be dismissed over here. and now this. i say that president-elect biden

is trapped by his own past. he's brought the baggage of four decades in politics into his future presidency. i think it's going to be a real big problem. let's see what dan henninger thinks, "wall street journal" guy, always with us on a thursday. dan, how does president-elect biden get us back into the iran nuke deal, get us back into the paris climate accord and do something about china with hong kong? he's locked into his past, isn't he? >> well, it remains to be seen whether he's locked into his past. i think to a large extent he and his party are locked into its past. i mean if, taking those one at a time, the paris climate accord, of course, is like the gospel for the progressive left and the democratic party. they absolutely want us to go back and do that. i don't know how really damaging that would be to us. but the iranian nuclear deal, policy towards china, that's

something else altogether because iran has been enriching uranium, the chinese, we know that they've become a significant adversary now. and if joe biden were to go back simply to the policies of the obama years, i think there could be a political cost in that for him. i don't think it was popular in the 2016 election. a lot will depend on who he makes his secretary of state or his defense secretary. by and large, progressives don't care that much about foreign policy and national security. they simply see it as trying to transfer funds out of the defense budget into domestic spending. i think you have, basically, more serious people than that in democratic foreign policy. but if he reappoints the obama people, i think you're right, we'll be trapped right where we were back in the obama years. stuart: what kind of influence do you think the far left, the socialists have on forming the biden cabinet? we have bernie sanders who says, yeah, i'd take the labor

secretary's job if i could. i mean, how much influence do they have to get into that kind of position? >> i think they have a lot of influence, stuart. the left, the progressives are the source of a dynamism and energy inside the party right now. and, yes, i think it cost them. i'm convinced it cost them control of the senate. if they lose georgia, it will be because the losses they took in the house of representatives, their majority is really quite narrow in the house. and i think a lot of that had to do with the protests after may 25th that went on for so long that was driven by the democratic left. congressmen like jim clyburn, south carolina, he's talking about the dangers of i aligning the party with socialism. but that, those people are not going to back down. they think their moment has come. they drove turnout for joe biden in this election, and they are going to want payback for it. so, yes, labor, treasury, hud,

certainly the epa. i mean, they are targeted, laser-like, on eliminating florida fossil fuels, and they're going to -- fossil fuels, and they're going to push joe biden hard to deliver on those deals. stuart: dan, thanks for joining us. we'll see you again soon. thank you very much. meanwhile, the market's still divided here. a downside move for the dow, off 130. a tiny move up for the nasdaq, it's up just 9 points. flat to lower, basically, today. show me disney, please, because they report their earnings after the bell this afternoon. ashley, have you got a preview for us? >> i certainly do. disney expected to report an adjusted loss per share of 71 cents. first time that's happened in at least four years. revenue also expected to fall by as much as 25% year-over-year to around $14.2 billion. but it's disney's experiences and products segment, you know, the one that includes theme parks, cruise lines, resorts, merchandise sales.

that has been hit the hardest by the pandemic as we know and is expected, again, to have the biggest drawdown on revenue in in the previous quarter, that division posted a $3.5 billion loss. we'll see how it's doing this latest quarter. but disney plus is expected to be a bright spot in the report. the streaming service, subscribers already went past the 60 million mark in the last quarter after launching less than a year ago. but investors will certainly want to know when disneyland and california parks could be reopened. what about theatrical releases? will they go straight to disney plus going forward, and will the company have to make more cost-cutting moves? they just announced another round of furloughs for employees at disneyland, that's on top of the 28,000 employees that were laid off in september. so coming up after the bell today, we'll see how diss is surviving in this environment. stuart: yeah. and after the report we get the call to see where they think they are going. that's going to be interesting.

all right, ash, thank you. thinking of going to a concert anytime soon? ticketmaster could soon require you to get a negative covid test or get the vaccine. kristina partsinevelos at madison square garden. kristina, how would this work? >> reporter: well, it would work, you would have to provide your app on your phone, it'll be a ticketmaster app, and you would be stopped at whatever venue it is like madison square garden behind me, and you'd have to prove that you took the vaccine or tested negatively for covid within a 24-72 hour period. we reached out to ticketmaster, and they were very adamant to say this is just a potential idea they are exploring at the moment, and it would be on the venue to oppose such an enforcement, not on ticketmaster. we did also receive a statement from the ticketmaster president, he said they are working with third party health providers. it would be the third party health providers that would store your private information.

they are very clear on that. ticketmaster wouldn't be holding that information. but they didn't tell us who they'd be working with. an example of such would be clear which you're seeing around the city the as well as ibm. at the moment though, the fda has not aapproved the transfer of private vaccine or, i should say, test results to any other third party. but the president of ticketmaster believes that this is the future and could be the future of employment, air travel and entertainment. but for now, they're just working on socially distanced seats as well as contacts with entry. but no timeline just yet. back to you. stuart: okay. could be in the future, we don't know. thanks very much, kristina. [laughter] i'm reading off the prompter here. if you've ever wanted to live in the ozarks, now's the time. the northwest arkansas city council is offering $10,000 to anyone willing to make the move and work in that area. has this got anything to do with netflix? wait -- [laughter] i've got to ask susan and then

ashley, would you do it? susan -- >> well, if i was jason bateman and husband family trying to hide from the authorities and money laundering, maybe, yeah. that sounds enticing. stuart: other than that, would you? >> it's beautiful, isn't it? i've never been. i'm guessing. it just looks gorgeous. stuart: it look good. ashley, would you make the move? >> you know, yes. beautiful, lake of the ozarks is gorgeous. 10,000? maybe, why not? stuart: besides, when it's work from home, you can live anywhere you like. >> but is it 10,000 a year or just flat9 to move there? stuart: i don't know for sure. >> not in perpetuity, right? stuart: i think it's just 10 grand just to go. >> oh, then i'd have to think about it. [laughter] stuart: all right, next case. texas, first state to hit one million virus cases. governor greg abbott says he expects a vaccine by the end of the month, and texas will distribute it immediately. i'll ask him to explain that

plan because he's on the show coming up. but first, ford just unveiled an electric version of its best selling cargo van. one charge could take it 126 miles. ford joins us next with the new electric transit. ♪ ♪ -- down the highway. ♪ roll. ♪ ♪ (vo) verizon 5g is here.

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stuart: ford just unveiled their brand w electric transit van. designed for commercial use, i believe it has a range of 126 miles. look who's here, kumar, the president of ford's americas and international markets group. all right, kumar, the last two vehicles that i bought were fords. can you give me a 45 secs on why -- seconds on why i should buy one of your new ford electric transit vans?

>> oh, good morning, stuart, and thank you for having me. i'm not sure you're in the business of moving goods, but if you were in the business of moving goods, you should definitely buy this transit because it is great for the planet, and it is great for cost of ownership. and it is actually a very fun vehicle the drive. stuart: is it -- it's fully electric. one charge gets you just 126 miles, that's it? >> yes. it's fully electric, and most people will be surprised to hear that most delivery vans, these types of commercial vehicle fleet vans, drive less than 75 miles a day. so we have, you know, since we're such a strong player in this marketplace, we have great relationships with our fleets, we have access to their data. we used more than 10 million miles of data to understand their duty cycles, and on

average, like i said, less than 75 miles. so 126 miles is actually quite good. no range anxiety there. and secondly, fleets are very, very tuned into the cost of ownership. so they don't really want to pay for extra range and battery which we could put in they're not going to use it. so that was the other consideration to keep the cost lower. stuart: i believe you're putting $11 billion into hybrid and fully electric vehicles. are you going up against tesla? because they seem to be leading the running at the moment. >> well, we are, our strategy is quite different. we are very strong players in certain segments, for example, trucks. we're very strong in commercial vehicles, both pickup commercial vehicles as well as vans like transit. our vehicles like f-150 and the

trends and you cons around the world -- icons around the world, another icon the mustang. we are really meaning into where we are strong. that's why the f-150 battery electric vehicle that we announced a few weeks ago that i spoke to you about, the transit now announcing today, and we're about to start shipping the mustang the mach e within the next few days, arriving in our dealerships. stuart: kumar, thank you very much for joining us. i'm not sure i'm going to get one of your deliver i vans -- delivery vans, but it was certainly interesting. >> you should get the f-150. stuart: i've got one f-150. [laughter] fueled by gasoline. i might get the electric, we shall see. all right, see ya later, new jersey. the nasdaq and other major stock exchanges could soon be packing up and moving their data centers to texas. governor greg abbott wants his state to become the financial nerve center of the world, and the governor joins me after this. ♪ ♪

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♪ ♪ stuart: is the first state in

the union to become, to have more than one million covid cases. the governor of texas, greg abbott, is with us now. governor, welcome back to the program. good to see you, sir. are you considering any new restrictions in texas? because we're seeing new restrictions elsewhere. what about texas? >> so in texas we have built in systems to respond to any type of outbreaks. remember, stuart, how large texas is, and knowing that there will be different covid fights in different areas of the state. ask one size doesn't necessarily fit all. so we have generalistic restrictions that lead to a ratchet back of openings based upon hospital regions in the state. there are 22 different hospital regions in the state, and once 15% of hospital beds in a particular region are occupied by covid patients, that leads to a ratcheting back of business openings as well as elimination of nonessential surgical procedures, and that has happened in three regions in the state of texas, in el paso, in lubbock, in amarillo, it may be

happening in other areas. but, stuart, i must emphasize this, and that is even though texas now has a million covid cases, we have half the number of deaths that have taken place in new york even though we have more covid cases now than we may have had earlier, we have fewer hospitalizations than we did the same time when we had the spike in the course of july. and if so both medicines as well as treatments are enabling us to be able to better treat those who are getting covid and that does not even include the oncoming delivery here in just a few days of this new therapeutic drug that will allow us to treat patients the same way the president was treated that allowed him to overcome the covid so quickly. we are now going to be able to deliver that to patients in texas beginning the early part of next week. stuart: now what about the vaccine? i believe you said when you get the vaccine, when it a arrives in texas, you would distribute it immediately, obviously.

but who gets it first? >> so the governors have weekly telephone conferences with the white house coronavirus team, and we've been working on this distribution plan for months now. we are up and ready. there is one vaccine that people know about, and that is the pfizer vaccine that should become available later this month. there will be another vaccine that should be announced soon, maybe as early as early next week, the moderna vaccine, that also should become available later on this month. we're prepared to distribute those around the state. they are based upon a priority scale along these lines and that is first responders, front-line health care workers and seniors most vulnerable to losing their lives. but, stuart, before those vaccines are available, we will have already begun distribution of these therapeutic drugs. the first is already out that we will be distributing next monday by eli lilly, and then this

other one, regeneron, which is the one the president took that should get the emergency use authorization also probably as early as next week or the week after. stuart: governor, i believe you're going to be meeting with the nasdaq people and people from other exchanges talking to them about them moving their data centers out of new jersey and moving them to texas. okay, i can understand the attraction of texas, but what are you offering these data centers, these exchanges other than no state income tax and no tax on stock trade? what else are you going to give them? >> so the lower tax reregime is one thing that means a lot to them because it will mean lower transaction costs for all type of trading. but in addition to that, texas has an abundant supply of power including renewable power at a lower cost than what is provided in new jersey. the cost of power means so much the these data centers, and then

there are other components that will go into lower the cost not just for the nasdaq, but for all the trading platforms that use the nasdaq. and so we are talking to the nasdaq, we are talking to lead trading platform organizations and talking about various locations where we already have like the world headquarters for charles schwab in the dallas area. we're working with other financial-based businesses to grow their presence in the dallas area. and so it looks like all the pieces are coming together. stuart: you want to make texas the financial nerve center of america and the world. you do things big in texas, don't you? >> we do. everything's bigger in texas including the future of the financial sector. stuart: okay. governor, thank you very much, indeed, for being with us today. we always appreciate it. glad to hear you're doing well. we'll see you soon. thank you, sir. >> thank you, stuart. stuart: got it. check that big board. just got a few minutes left, and we're down 128 points for the

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stuart: naming 2020's word of the year. okay. i am going to tell you, before i tell you, i want to see if susan and/or ashley can guess. susan, you're guess? susan: covid? stuart: not answering the question. ashley, word of the year? ashley: pandemic or lockdown. go with pandemic. stuart: you went with pandemic okay. i think i'm going to tell you now. give me a drum roll, a drum roll. distant drum roll. that ain't much. give me a drumroll. the word is lockdown. ashley, almost right. susan, you admit this you looked it before we went on the air. susan: why didn't i say lockdown? >> stuart: because you're a nice lady. susan: accusations. stuart: tomorrow is friday. we do feedback friday or friday

feedback whatever it is. varney you viewers. we would love to having a aggressive hate varney mail. etf been waiting for it. susan: i have a question. stuart: don't have time for that. time is up. before we get to the hate mail stuff. let's go to neil cavuto. neil, it is yours. neil: did you say you needing a agressive hate mail? stuart: yep, yep. i do. some of yours. neil: yes, indeed. you can actually have all of mine. stuart, thank you very, very much. we got some doozies but you can't repeat it on air, stuart. that's the problem. welcome, everybody, i'm neil cavuto. you're watching "coast to coast" on the fox business network. we're looking at spike in coronavirus cases. right now hospitalizations are jumping too. that is something we never seen dovetailing with the spike in cases. we'll get to the bottom of what is going on. whether a case of a lot of