stuart: what a shame. you know, i was hoping we would make use of this fancy graphic, dow 30,000, but with we only got too 29,940 odd. just missed 30,000. neil, maybe you will get 30,000 on the dow? neil: i didn't even know we had a graphic. i guess it is smart planning. stuart: it is my graphic. my graphic. neil: oh, it is yours. put like a stuart varney on the side, the stuart varney bull market. thank you, my friend, very, very much. we're looking at the corner of wall and broad. all the major averages excluding nasdaq, anyway in record territory, some today. all the major markets advancing on moderna news. this makes two big biotech players with a vaccine in hand, emergency approval to hot little hands across the globe. the question is how will that be

distributed, how will be it done. all of this at a time we're hearing about four 45 minutes from now president-elect biden and kamala harris will detail their own economic plan. what they're calling their building back better plan. i don't know what that means but they have got a lot of union heads there as well as the chairman of gm, the chairman of microsoft, the head of target. again, virtually, if not in person. so we'll be monitoring that. when that comes up about an hour 45 minutes from now. meantime more on this excitement around moderna and what it poses to offer right here. jackie deangelis own that. jackie. reporter: good afternoon to you, neil. the vaccine news certainly fueling the markets today. 94.5% efficacy. that is what moderna is saying. we had excitement from pfizer and biontech last week. the market is saying we would expected or less efficacy. this is a really important number. people are wondering what

happens next. how do i actually get the virus, excuse me, the vaccine for the virus, what would it be like in practice. this is what the ceo of moderna said on mornings with in -- with maria. >> some people have side-effects with headache and fatigue. -- with no medication. reporter: minor side-effects that seem to go away. the news is the good news, the creator of the pfizer-biontech explained what the timeline is here to get wider doses out. he did make the comment we'll sort of not really see things go back to normal until the winter of next year. so you have a lot of folks are saying we're not even getting into the winter of this year yet. there is a lot of impatience. we've been leaving through the pandemic roughly eight months at this point. it boils down to the fact that this will take some time and people really need to understand

that. meantime because of the spike that we've seen in cases some states are you know, increasing and ramping up restrictions and telling their residents that they need to be stricter in their homes and when they go out. so for example, in new jersey, the governor restricting indoor gatherings. that is going to start tomorrow. oregon implementing a two-week covid freeze. also washington state, a whole list of rules. they're saying you have to scale back on the thanksgiving plans, neil. neil: all right, jackie. speaking of mayor, governor phil murphy i should say of the garden state dei will tag his plans, we're told he is going to limit indoor and outdoor gatherings, whether restaurants or not let's listen in. >> kelly to her right. another familiar state the state's epidemiologist, dr. christina tan. great to have you here. the guy need no introduction, head of state police, pat call ha

callahan. and a cast of thousands. we'll get to the overall numbers in a minute. i want to begin on a sobering note. today we're reporting a digs 2323 cases, judy, if my math was right. yesterday 4540. saturday, 3995. friday, 3999. if you add that up in four days you get to 14,366. cumulatively is 480,293. another way to look at this, 5% of our entire cumulative total has come in the last four days which is pretty darn sobering. one in 20, in other words, from all the cases first one or march 4th has just come from the past four days. the positivity rate for all pcr tests recorded on thursday, november with 12th, was

9.43% and the statewide rate of transition is now 1.40. yesterday's and saturday's numbers are respectively the first and second highest daily counts we have reported, not just of the second wave but since we recorded in our first confirmed case on march 4th. that was by the way, 257 days ago. so let that sink in. our highest case counts are now no longer from when this virus first began rampaging across our communities. they have come now. when we are grappling with pandemic fatigue and when we know people have begun to let their guards down. we have to get back in front of this virus as best we can right now so when a vaccine or multiple vaccines which looks increasingly likely are ready for wide scale distribution what we hope is just a matter of a few months, we're in a stronger position for our vaccination

program to work. judy, i don't want to put words in your mouth but first batches maybe by the end of the year. then we'll go through first and foremost vulnerable communities, front line health care workers whatnot, probably by spring to the broad availability of the broad population. that is not forever, from now, right? literally a matter of months but again while we know there are promising candidates from both pfizer and moderna. moderna's announcement today was positive and striking. i went back and forth with stefan boncel, their ceo, a good advisor to judy and our teams, that is all good news but a vaccine is not yet available. even when one is available it will take as i mentioned a minute ago months to reach a level of vaccinations where we begin life in something like a new normal with less strict mandates for social distancing and masks. and to that end i must again pull back the reins on another

aspect of our reopening. it gives me no joy to be doing this by the way. i'm signing an executive order to reduce indoor gathering limits to no more than 10 persons. that is down from 25 persons. that is a limit we set that has been in existence since august 3rd. this provision will take effect tomorrow morning at 6:00 a.m. there are several exceptions from this. religious services or celebrations, political activities, weddings ceremonies, funerals or memorial services and performances will continue to be limited to 25% of capacity but with a maximum of 150 people. but all other private indoor gatherings such as house parties and public events must be capped at no more than 10. in this we will be in line with a growing number of our fellow states throughout the region. we had a really good five governors call, zoom call yesterday with new york, pennsylvania, delaware, connect cut and myself and, more on that

later. but that was a very good, one of many of the good exchanges we've had over the past eight or nine months. so what we're doing today, we know will cause some people to readjust their thanksgiving plans and i understand why there might be frustration with this step but as we have been saying, judy and i in particular, with a good helping from pat and tina and others we've been saying for weeks that this will not be a normal thanksgiving. it is not a normal school year. it is not a normal thanks stiffing. it wasn't a normal halloween. it won't abnormal hanukkah or christmas and 2020 won't be normal period. we're urging everybody to keep their thanksgiving plans as small as possible because we know that indoor gatherings in homes are particularly dangerous places for covid-19 to spread. the smaller the gathering is, the less likely it is someone is infected and puts their loved ones at risk. it is that simple. as for indoor sports practices

or competitions they will be allowed to exceed the 10-person limit only for individuals necessary for the practice or competition such as players, coaches, and referees. in most cases were those necessary individuals, seed 10 people, spectators will not be permitted. likewise outdoor gathering limits will also be pulled back from the current 500 to down to 150. again with the exceptions for religious services or celebrations, political activities, wedding ceremonies, funerals, memorial services. this limitation will apply to a whole variety of events including youth and high school sporting events or outdoor concerts or other -- neil: we are continuing to monitor this. this is governor phil murphy of the state of new jersey, one of the states experiencing one of the sharper spikes in the country. depends how you look at the aggregate cases or

hospitalizations but it is a worrisome trend and he is enforcing some new limitations on indoor and outdoor gatherings which would be problematic for families getting ready in the garden state for thanksgiving. he wants to limit such gatherings from 10 people what had been 25. and outdoor gatherrerings and how do you police indoor gatterrings. if you see a number of people outside a home and barge in that might be problematic. the governor says we're taking common sense solutions to deal with a problem escalating out of control by the way not only in new jersey but a host of other states across the country, america itself, two weeks running we've had day after day of better than 100,000 cases closing in on 200,000 cases in the most recent days. what the governor is outlining here at the time we get this good news from moderna on a vaccine as you pointed out it could be a delay in coming here

even on a emergency basis to say nothing of what other companies are coming up with on that front. pfizer, biontech a host of others. let's go to dr. deaf -- dr. debbie. obviously the governor is taking next step it will alarm folks. i wonder if it alarms them they will skip thanksgiving gatherings together, what do you think? >> it is possible, that i have worries people around thanksgiving they want to see each other, they have coronavirus fatigue, not seeing people, that they might gather anyway. we'll have two problems with the spread of the coronavirus and then second with sort of this division between people. people are placing you at risk.

you have more hostility that is the hallmark of the crisis. the rift between people and the divisiveness. the moderna -- neil: doctor, do we know for sure, i'm sorry, we have delay, i'm always rude here but do we know for sure whether family indoor gatherings are the source of the problem, family outdoor gatherings might be the source of the problem? to hear restaurant owners tell it it is not them. to hear schools tell us it is not us. it it is got to be happening somewhere because what does he base this on. he is the notly healthcare.gov making moves like this. >> it is not the restaurant owners or bar owners to blame. outdoor seems to be safer than indoor but on the other hand my personal experience is that a lot of people, even if they have mild symptoms or they have had an exposure they're less hesitant to stay away from people now than they have been before. we've seen this in the office

even with people who are sick coming in, kind of being a little bit less forthcoming about whether they have symptoms. so i think what is happening is people are going out anyway. then they, because they take off masks to eat in restaurants and bars, then there is more chance of exposure, especially indoor versus outdoor. schools, kids seem not to transmit it to each other. they seem not to transit it to adults but the problem you have teachers, janitors, all sorts of administrators working there who can pass it to each other because they're getting it in the community. unfortunately people are being punish who had are not responsible for sort of this spread of the virus but it is very hard to figure out how to get it under control especially we're seeing so much of a surge and when we see a surge in the number of cases we're hearing like places in north dakota and elsewhere the icus are getting overwhelmed, it is becoming much harder to get the wheel situation under control. neil: to put it mildly, doctor,

thank you very much. we hit you with this just as the announcement was coming out of the garden state. as always you hit it out of the proverbial park, i appreciate that thank you for the hard work, keeping americans abreast of what is going on to be safe. want to get the read out of developments in new jersey. by the way they're not just playing out of new jersey but playing out in number of states. as the good doctor, they're increasing masks restrictions otherwise in that state. we'll look at this playing out in number of states. jonathan hoenig with us, brian brenberg, the kings clog economics professor. thanks, guise. i don't know if i get into the markets which was my original intent. professor, how do you police people how many they have at their home in thanksgiving? i can see if you have a few cars more than normal, do your neighbors snitch on you? then you have the garden state police or state troopers banging on your door, what? >> however it plays out it would be incredibly ugly which is the problem i have with that rule by

the governor that you're going to have to limit your indoor gatherings to 10 people. the only way you could police that by violating peoples fundamental rights and i think that is the problem with these policies, people look at that kind of rule, that's outrageous that is crazy. the governor should not tell me how many people i can gather in my house that ought to be my decision based on my own read of the situation and how people are doing. i think if the governors and governors avoided rules like that don't make sense to people would be motivated to listen to guidance that does matter. they're getting some good with a lot of this bad and it causes people to say the whole thing smells funny and they don't to buy into it. right now we can't have guidelines that are not respectable. suggesting you will barge into somebody's house how many people can gather, that is not a respectable rule. neil: i guess you better be getting along with your neighbor because that neighbor will be the first to snitch on you.

that is the case. >> right. neil: we saw this in churches and synagogues when they were policing that 100, to 125 number of those who were going to weekly worship. leaving that aside, jonathan, if the markets are worried about stepped up privacy, kind of intrusions in new jersey they have a funny way of showing it. maybe obviously the moderna news on top of what we've seen out of pfizer and biontech and a host of others that could be offering recommend i dids down the pike. maybe they're thinking this is short-lived, what do you think? >> neil, look these violations of rights, the lockdowns they were terrible for the economy but the market is signaling they will be short-lived. i read about when jonas salk introduced the polio vaccine in 1953, neil, factory whistles blew and people were cheering in the streets. with the same sort of. moderator: news there was

jubilation. ultimately it was not government that came up with the vaccines. it was private for profit companies and there has been almost this arms race if you will, not for arms, but for a vaccine. all these companies, novavax, et cetera, competing to try to come up with a vaccine first. even if you don't own a biotech stock of course we've all benefited so the lockdown will be temporary. the vaccine or vaccines will be permanent. what ultimately the thing government should do, loosening fda regulations helped this time around, why not loosen all the fda regulations? to get a lot more vaccines a lot sooner that can help us all. neil: that is a very good point. history does prove to his point, professor, normally when pandemic responses do come out they come out in waves. there are a number. there is not just one treatment or vaccine or cure, a variety of them so i'm wondering if the markets are digesting this properly or getting ahead of

themselves? you could look at number of ways. the competitors of these companies that might be under some duress but the averages themselves are printing ahead. the dow not that far from 30,000. is all of that justified? >> they're looking ahead to next year and seeing the possibility of getting back to normal that will be great for many companies especially big companies who have the capacity to weather this right now. what the markets don't reflect is what small businesses are dealing with. they're saying good we've got a vaccine coming but i also have my governor i will lock down again. i might not make it through the winter and spring to get to that summer. that is the problem right now. so markets are reflecting good news on the vaccine but we have at a policy level a lot of work to go do to help small businesses get through to that moment and all of this talk of generalized lockdowns or even local lockdowns is causing these businesses to shake in their boots because they may not be able to see it through.

governor murphy. it is great that he talks about all the data about the cases surging and all the issues there but the one thing he is not doing is giving confidence to small businesses that he has got their back. he wants to see them survive. when they don't hear that press conference after press conference that weighs on them. some of them will throw their hands up in the air, if you lock me down again i'm done. that is an overhang on the economy that will be felt in 2021 for sure. neil: all right. gentlemen, i want to thank you both very, very much here. in case you just joined us, you heard the news on moderna very promising offering a vaccine sooner than later and emergency basis last few weeks of this year and having an aggressive rollout of doses next year much like pfizer and biontech. that was interrupted out of this news out of new jersey that they're clamping down on things including indoor and outdoor gatherings. indoors raising my eyebrows

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♪. neil: all right. so let's say you're going to have 12 relatives over for thanks giving in new jersey, you better hide two of them, just tell them don't bother coming. those are the new rules in the garden state. indoor gatherings because of a spike in cases there limited to 10 individuals. i was going to take to james trusty, and still plan to on some of these other developments with the lawsuits and everything else on the ongoing vote count from election day more than a couple weeks ago but, james, i couldn't not ask you about this move and how you enforce it in new jersey and what do you think about it? >> well, i mean the first thing if i lived in new jersey i would love to have the alibi not inviting quite as many drunk uncles as i might. maybe there is some benefits here and maybe i just lost a bunch of invitations too but to me it is one of these things

emergencies or so-called emergencies at least kind of create these moments of power reaches that can really end up badly and look, the constitution, very much favors your home above all other things. the fourth amendment protections against unreasonable searches and seizures favors your home above any other place that you can be when it comes to protecting against government intrusion. the first amendment has the same concept as well. so you know i think it is very unlikely that you're going to see, not unlikely but hopefully unlikely you will see police activity where they're going to the house where there is 13 saying who will be dragged out? at some point you have to realize this is more bluff and bluster than constitutional law enforcement. so, i don't know, it will be interesting. but i wouldn't mind being that 11th person at dinner table gets arrested for violating this rule that relates to a pandemic but again one where the

lethality of it seems to be dropping compared to the obvious levels of communication that goes into it. it is very, it is very catchable but it doesn't mean as many people are dying that would justify this kind of action. neil: unlike you i know exactly the pecking order of relatives i would kick out in that event but i don't want to disclose that. where do you think it is all going though? other states are instituting similar measures, i don't mean to target governor murphy. similar moves in michigan, in ohio, in new york, varying degrees of reimposing restrictions but i do harken back to what justice sam alito warned about last week with the best of intentions a lot of things can be sacrificed at the altar of looking out for everybody. what do you think of that? >> i think his point is looking more and more prescient. it really looks like he saw what was coming here and i think he is right. we all have the different levels of acceptance when it comes to

government intrusion in the need of safety but i think a lot of people will look at this and say, enough is enough. we've done a lot of good things as a country to preserve the health of as many people as we can to be told how many people can be in my basement watching a couple of bad football games or whatever, it is getting to be at a point where people are going to resist. i don't mean marching on the street but they're not going to have a lot of respect for that type of draconian measure without any real constitutional basis that i can see. neil: all right. james, i do wish we had more time. i lied to you, saying we would get into other issues but time constricts us. we have in-laws on line one who want to talk to you so you might want to get that. >> i will go into witness protection now. neil: you and me both, my friend. james trusty, the former doj prosecutor. very nice of him to expound on this what's legal and what's not. we live in very weird times, don't we? the dow jones industrials despite all of this, maybe most traders don't care too much for their inlaws anyway up about 390

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>>usa! usa! neil: tensions flared up almost timing with the sundown. edward lawrence on what can you tell us? reporter: i'm standing outside after vaunt where counterprotesters fired fireworks where people were eating. everything is back to normal for a normal lunchtime crowd. that is not the case saturday night. take a look at some video from saturday night. we're just three blocks from the white house. thousands of people who were here for the million megamarch, it drew supporters for president

trump to the area. everything was fine until as you mentioned the sun went down. this is when the counterprotesters who didn't support president trump clashed with those who did support the president. you saw the fireworks. there were sucker-punches thrown by counterprotesters. even a stabbing. republicans upset this is really the only place you will see coverage of this. listen. >> the mainstream media simply and biden himself and the democratic party will not criticize these antifa and quite frankly it is a matter of blue cities and states where this is happening. they're attacking the american people and they are attacking the constitution and it is inexcusable. reporter: d.c. police did make more than 20 arrests including for those shooting fireworks at people eating. in one incident people arrested four counterprotesters for inciting violence, knocking over a trump supporter making him

unconscious. police are looking for these three related to that incident who can be seen in social media video punch being him and kicking him while unconscious. d.c. police said department reacted to issues quickly including reports of guns. >> we recovered eight firearms over the weekend that were associated with demonstrations that we had downtown. three of those arrests were situations where folks were open carrying. one of the arrests was a person who had brought a vehicle, a car in a vehicle and another arrest was a person who was arrested for assault and ended up having a firearm in his possession. reporter: luckily no reports of shooting individuals or at people during those protests but again, you can imagine, neil, the president tweeting some very angry tweets on saturday and into sunday basically telling d.c. police to do their job. back to you. neil: thank you, my friend.

edward lawrence there. jason very popular out in seattle. i hasten to wonder, jason, if the rolls were reversed if this was an uprising on the part of a maga crowd the coverage might be a tad different but your thoughts? >> oh, 100% would be more than just a tad different. very clearly when you look at some of the media coverage is was mostly a blackout as it relates to some of the violence but there was a lot of coverage of the fact that kayleigh mcenany tweeted a million people showed up. clearly a million people did not show up. it was 13 to 20,000, maybe a little more who showed up. but that is the focus at a time where there was this much violence in american cities is ludicrous. i think you're absolutely right. any reasonable person who would primarily white trump supporters going to a blm rally to go ahead to start to agitate and beat folks up, this would be the lead

story for 48 hours and there would be calls for the president to call out that kind of violence. remember this, is week after joe biden says we need unity national unity. both sides need to come together. he is not leading on this. neil: you know in seattle, could you update me, i could have heard this secondhand but you can help me, jason, that the council there is trying to justify misdemeanors if they occurred in protests or under some sort of duress in protests? i might have that wrong. could you clarify, sounds too incredible to be true. help me there? >> it is match worse. there are two separate issue us, like most part so many cities led by progressives misdemeanors that occur or are alleged to have occurred at protests are generally not getting punished at all. they're not getting charged. for the most part right after arrest the people are getting released. however there is a proposal that is being considered.

it has been tabled temporarily by the seattle city council that would essentially create an affirmative defense for misdemeanor offenses, almost all of them, if they are committed by people who are homeless, who are dealing with an addiction, or who are dealing with a mental health issue. when you create an affirmative defense, it all but assures you're not going to be punished if you actually do get charged. now, as i have a piece up at foxnews.com, to be fair in the city of seattle right now homeless people who commit misdemeanors generally do not get charged as it is. the seattle city attorney, this tells you how crazy it is came forward when the legislation was introduced, basically we're not doing this but you're codifying into law but we're not doing it anyway. it is insane. neil: let me ask you a question about what about protests or rallies in this covid

environment? obviously they're trying to scale back outdoor gather gatherings in new jersey, washington state, this notion they want to rein in on any sort of gatherings, does it apply to those that might be political? >> i mean have you heard it applied to anything that might be political, at least leading from the left? for the most part, we had a summer of black lives matter protests and lots of folks who were out there chanting against donald trump and chanting against the police. we even had you know, medical professionals signing on to a letter saying this is the kind of rally that is necessary and appropriate and we shouldn't be shaming them. but the second you get into a pro-trump rally or maybe something the left doesn't in necessarily want folks to protest, all of a sudden there are renewed concerns and pearl clutching from folks at cnn how dangerous this is. at the end of the day let's be consistent, be consistent across

the board. you have the right to protest there is a surge in the pandemic happening across washington state and the country according to the data. both things can be true at once and it is the inconsistency in the messaging and the selective outrage i think is pushing people on the right to be more upset with media more generally. neil: all right. we'll watch very closely what happens jason rantz, host in seattle kttv, it is crazy times. we all say that but it never i'hams. stay with us. you run it by an expert, you talk about the risk and potential profit and loss. could've used that before i hired my interior decorator. voila! maybe a couple throw pillows would help. get a strategy gut check from our trade desk.

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at 1:45, about an hour from now the president-elect and the vice president-elect will be sort of getting the lay of the land building back better with the idea being that how do they improve upon the economy and deal with the sudden spike in covid-19 cases. one of the issues that have come up whether the biden administration if it comes to pass would put a national shutdown in place or a lockdown. health adviser indicated that last week, anywhere four to six weeks. it has been almost officially poo-pooed by the biden camp but no doubt that will come up. also part of this event, head of afl-cio and head of service u.n. workers, mary barra of gm. satya nadella of microsoft and a who's who on the business and union front. we'll keep you posted on that.

much optimism about how they might be short-lived, especially if vaccines get in people's hands sooner rather than later. moderna is the latest to say we got one, maybe out there in weeks. more after this. ♪ ok, just keep coloring there...

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♪. neil: all right i don't know if new york governor andrew cuomo had the chance to comment on the latest vaccine possibility by moderna. he and the president have been in a tiff over safety, efficacy and how the big one from pfizer-biontech could get. that is causing consternation among business leaders, businesses period, average folks in new york state itself. kristina partsinevelos in new york city with more on all of that. kristina? reporter: neil, it is the latest chapter in the feud or months long feud between new york governor andrew cuomo and the president over the distribution of vaccines. just yesterday you had the governor here of new york state that he was willing to sue the trump administration over discrime nary practices when it comes to distribution of the vaccine. what do i mean by that? with the trump administration plan it would be private enterprises that distribute the vaccine. think of like a cvs or

walgreens. cuomo is arguing those chains may not be available in lower income communities especially communities of color and hit hardest by covid-19. we know on friday president tom singled out new york he may refrain from distributing the vaccine here. that comments comes after governor andrew cuomo said in september he would create his own independent task force to review the vaccines coming from the white house and the reason he is saying because he doesn't want it to be too quickly. you see what is going on here. it's a tit-for-tat argument. you have citizens and small businesses caught in the middle which is why i spoke to the co-owner of park avenue liquor what it could mean if his business is caught in limbo. listen in. >> i can't even see the other states allowing that to happen, single out a state because of a governor's politics and governor cuomo's stance on being safe. reporter: we know that business can't return to normal here in new york or the rest of the

country without a vaccine. when you have eight, nine months of lockdowns, businesses are hurting. which is why some of them want politics to stay out of the equation and for things to return to normal or the new normal. back to you. neil: yeah. whatever that is. kristina, thank you, very, very much. is this yet another problem for new york real estate? if you think about it, if you're concerned about these spikes in cases, even with the promise of a vaccine and everything else, it is too little to too late to help the real estate market. my next guest is optimistic eventually people will come back to new york. he is seeing signs of that i don't know whether this will change any of that. ryan is the founder and ceo on his own doing quite well on his own. what do you think, ryan? battles over vaccines are one thing. whether it impedes progress for new york real estate as people debate whether to go back into the city, whether to skip the

city, what do you think? >> there is a lot of ways that i can answer that but what i will tell you is the good news that people have already started coming back. a lot faster than even i thought. i'm an eternal optimist, right? i'm a real estate broker. i thought more people would leave new york city than the 300,000 they're saying actually left. it was only 100,000 left over the same time period last year. there is 8 1/2 million people in new york city. didn't seem like, it seemed like there would be that much more people that would be leaving but year over october had only 2% less contracts signed. that is a pretty good figure going into it and, i mean we were down 83% year-over-year in may. so that gives you kind of an idea where the real estate market is coming and it is coming back much faster than we anticipated. neil: where is it coming back these days, ryan?

whose buying? maybe on the upper end or is this across the board? >> well, i mean the super prime market is up 75% quarter to date which shows you really what is going on right now. neil: what is that? what is that? >> super prime is, super prime is 20 million, right? the 20 million-dollar market up from there. last week was actually the strongest weak for 4 million-dollar properties since the officers week in march which was right before covid-19 hit. luxury buyers are coming back before anybody else. that is what we're seeing in the marketplace. that is what my business is seeing a lot of opportunistic buyers seeing new york on sale for the first time in a very, very long time. everything is going to be okay. they don't want to wait until early next year when they feel like prices will already be higher again. they're trying to get in right now. it has been very busy. neil: when you talk about the

four million properties and up, tiered 20 million and up, have the prices been cut on properties already? are they getting some deals? so to the average person hearing this gee, that is pretty high society numbers there but at those prices come down so these buyers are getting, you know, pouncing on an opportunity? >> oh, absolutely. we're seeing discounts anywhere from you know, 10 to 30% off asking prices that were set in january, february of this year. but, that is as of a couple months ago. i will it will you right now, the discounts are getting less and less. people that purchased in the spring and in the summer got better deals than they would have gotten right now. you know i think one of your last segments is talking about the consumer confidence coming back. that is really what we're seeing right now. the minute vaccines are announced. the minute people feel better they get excited and they get

excited about spending money. people don't spend millions of dollars anywhere if they're unhappy. people are happier where the future is going. if the stock market is up, they feel better about life, you know i need that extra betterment. i do love new york city. neil: real quickly what is happening in new york city schools, to date, people were anxious, particularly new york city area parents of kids in schools the mayor would shut down in-person schooling he did not. many say he just punted. might consider it down the road. did that dodge a bullet for real estate, even rentals? >> you have to remember that new york city is predominantly a renters city. so when we talk about the hundreds of thousands of people who changed their permanent address in the spring, would i bet, we don't know, a majority of those are renters who said, okay if i can't go to school, i can't go to work, i can't go to the movie i will not pay rent

every month for the next year. they will go back home wherever they are. with the intention of coming back, that is what we're seeing. as far as schools are concerned the majority of people we've spoken to anticipated a second wave because that is what we've been told ever since this started that we would have the first wave, things would get better when we got warmer. then we would have the second wave. as we've been doing moves and purchases and rentals over the last couple months, people focused on okay, if we have to do virtual learning where am i going to do that? we had a lot of people who would rent, buy a one bedroom, push themselves up to two bedrooms or three bedrooms. this is upsell so no one stays in new york city again. neil: ryan the thank you very much. we'll have more after this. businesses today are looking to tomorrow.

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the battle over the presidential election notwithstanding, we will take you to it. hopes are soar iing of anotr vaccine materializing. hillary vaughn, what can you tell us? reporter: well, i can tell you president-elect joe biden and vice president-elect kamala harris are inside the queens theater behind me right now meeting virtually with business and labor leaders right now. after that briefing wrapped, we are expecting the president-elect to deliver remarks on the economy, where he will detail plans to like you said build back better, but we are hoping to get more details, new details today than we have in the past from biden when he was speaking hypothetically about what he would do as president. now, he is president-elect and businesses and workers want those details. right now he's meeting with leaders from different sectors from retail to technology, gm's ceo mary barra, microsoft's ceo

nadela and the ceo of gap but also, top union leaders are in this briefing, too, including afl-cis president richard trumka and mary k. henry. the point of bringing together these two different groups according to sources familiar with this briefing today is coming up with ideas of how unions and corporations can work together to get back open for business and for workers. after this virtual briefing, biden will give a speech on the economy. one major theme that the transition team is signaling today is biden is going to again talk about how the economy cannot recover until this country recovers from covid so it will be interesting to see now that we have two promising signs of two potential vaccines for covid if biden comes to the table today in his speech with more details on what the next step is after that. neil?

neil: all right. hillary, thank you very much. hillary vaughn on all of that. as we have been telling you as well, this moderna vaccine has reignited hopes that we can put this entire covid-19 thing behind us in weeks if not months. that might be a little getting ahead of ourselves but nevertheless, from the white house right now, blake burman on the effectiveness of this latest treatment and the fact that it could be a game changer to put it mildly. blake burman, to you. reporter: yeah. could be a game changer indeed. moderna said it expects potentially to be able to apply for the eua, emergency use authorization, in just the coming weeks potentially with the vaccine to be distributed by the end of the year. when you look at the numbers, when you go through them here, it really is just about as good as you could have hoped for in this clinical trial. the company says there were 15,000 patients who received the vaccine, two doses apart by the way, also 15,000 got a placebo, and it was 94.5% effective. what's so important about this, though, about this vaccine, is

that it can be stored through commercial means that already exist. listen here to the company's ceo earlier today on the reque. >> as of this morning, we have 30 days of study where you can take the product out of the freezer in the big distribution center and then you put it in a fridge, regular fridge so that's a big, big change in the usability of the product we are very excited about. reporter: so what about what happens after the vaccine potentially gets the go ahead? well, there was a contract that was signed through operation warp speed, some $1.5 billion that will eventually be able to treat 50 million people plus the government, federal government will have the option at some poi point down the line to buy more as well. i asked the white house this morning how the distribution process will work when a vaccine or vaccines eventually come

online and here's white house official brian morganstern replying. the cdc will provide further details regarding prioritization after an independent review of the data by experts. we anticipate they say that the first doses will go to vulnerable populations and health care workers. neil? neil: that's good to know. thank you very much, blake burman. in the middle of all that. brian wesbury with market reaction in all that, as you can see in the lower right portion of the screen, stocks are racing today. all the major averages are at records. save the nasdaq. brian, is this justified? in other words, i understand the market's doing this as they did when we got the news out of pfizer and biontech, that something might be coming sooner rather than later. doing the same with moderna. do you agree? >> i do. and i think, neil, it's more than just a vaccine although this is fantastic news. we also have a lot of the

election uncertainty out of the way. so imagine if you are a business out there, a month ago you're looking at do we have a vaccine, what's going to happen with the election, et cetera, et cetera. do we really want to buy that big new piece of equipment, do we want to expand our production capabilities. well, all of a sudden, a lot, not everything, but a lot of that uncertainty is out of the way, and my belief is that if you look 12 to yen mont18 month the road and you're a company, you can start investing for the future because you have a lot of hope today that maybe you didn't have a month ago. neil: i'm wondering, too, you said a lot of uncertainty around the election is out of the way. are you basing it on these legal assaults that so far aren't panning out for the president that the markets, too, have come to the conclusion it's going to be president biden, but the one thing they love is the fact that as things stand now, things

could change in those twin runoff elections in georgia, it's going to be with a republican senate keeping a check on him? >> right. you know, neil, one of the problems with talking about this is even if you go straight down the middle, that just means you get attacked from both sides. but i would argue that right now, the odds favor a divided government in washington, d.c. and what that means is there's not going to be a packing of the court. we aren't going to put new states in the senate. we are highly unlikely to see major new policies that are very expensive put into place. what we are likely to see is a stimulus bill, an infrastructure bill and maybe some small changes in taxes. but none of those things that could have really changed the course of the country in the next decade, let alone a couple of years. so that divided government along with the vaccine news i think

gets rid of a lot of uncertainty for not only individuals, investors, and businesses, but for the economy as a whole. and that's really good news. we are in the midst of a recovery. there's no way we can do the kind of shutdown that we did back in march and april. we're past that. we have seen that, businesses have altered the way they do business. yes, some states may shut down smaller businesses again for a month or something like that, but the major huge shutdown, that's not going to happen. at least in my opinion. as a result, a double dip is off the table as well. i think that's really good news for the market. that's why it's hitting record highs. neil: from your very, very, very smart mouth. let's hope you're right. brian, thank you very very much. brian wesbury on all of that. brian did touch on some of the measures that states could take,

indeed are taking. in new jersey, for example, the governor phil murphy responding to a spike in cases by limiting indoor gatherings to no more than 10 from 25 so depending on hau ma how many relatives you have, you might have to ask some to stay home. lauren and kennedy are with us. what do you think, you can pick and choose your relatives because the nosy neighbor could say wait a minute, there are more cars out there than should be. what do you think? >> it's sad because the most vulnerable among us are the ones who shouldn't be attending these big gatherings. they are also the ones with the least technological savvy so the thought of actually having thanksgiving with grandma on zoom, it doesn't look like that's going to happen in the state of new jersey. also, i look at some of these governors like cuomo, murphy and even governor newsom out in california, and it almost seems like they want to make things look much, much worse before

they get better so they can get some of that stimulus funding for states where they overspent. neil: you know, lauren, you are a young mom yourself. you are both moms. i'm wondering, the other issue today in the new york metropolitan area was to keep schools open for in-person schooling, where it's allowed, but between what's going on in new york where they do want to limit crowd sizes wherever they can, whether they go as far as they have in new jersey is anyone's guess, how do you feel about all that? >> in terms of schools, i think if you are a parent with a kid like kennedy is, in the new york city public school system, it's like what do you do, you are waiting on this 3% threshold. every day, are my kids going to school or are they staying home. there's no way you can plan for that. but it's interesting because if you look at the schools, the positivity rate is so low, it's almost, you could make the argument, safer for the kids to go to school than to be

infecting each other other places on the street, et cetera. the schools don't seem to be the problem but they could get caught up in this rising tide, these rising infections we are seeing in new york, new jersey, connecticut, the whole tristate and the northeast, for that matter. and across the country. so we are seeing these governors try to have similar restrictions, if you will, with this ten-person limit on indoor gatherings but yeah, everybody's concerned and it's very difficult to deal with. what are your plans going to be? you can't plan around this. neil: yeah. you can't. time to go to miss etiquette, kennedy, on how to break it to a relative that i know you were coming next week for thanksgiving but. what do you do? >> well, if you're like me, your relatives love free stuff so what you do is you go on amazon, you look for some of the prime deals, and you just start sending them things and it really does soften the blow because if you've got new trinkets to play with, you really don't want to be around

your stinky relations to begin with. i do have a new podcast about how to deal with your relatives around thanksgiving. it includes using the buddy system so you don't vomit on the family dog. fox news podcasts.com. kennedy saves the world. thank you for that. neil: i look forward to that. i look forward to that. ladies, i really was thinking how would you police this? i know when it came to churches and synagogues and limited crowds, i think they relied on the snitch standard where some would say wait a minute, there are too many cars outside this church or synagogue, you might want to explore it, so they would. i'm wondering how do you police it, you know, in your home, if you have more than 10 relatives or friends or whatever, they could ostensibly force the issue and issue you a summons or maybe drag said relatives and you out of your own home. lauren, what do you think? >> i don't know how they police it. let's say someone on thanksgiving day knocks at my door, do they have to find out

how many people typically live in my house, then how many extra people are there, then if you look at what california did, they have this rule where you can't mix groups that come from three different households or i guess the three of us, our families might be able to get together because that's just three households but then governor newsom went to a party that had more than three families mixing and he apologized for that. so it's kind of crazy. the policing it is nearly impossible. but i think they just want to send the message that the numbers are going up and yeah, a vaccine is coming and coming soon, but we have to socially distance and limit our numbers in the meantime before that comes. neil: you know, kennedy, as a very smart libertarian, i thought you probably paid a little more attention than usual when supreme court justice alito had said he doesn't like this trend, he doesn't like using the virus as an excuse to sort of

stomp on people's individual liberties. i don't know if that extends to how many are invited to a given house at a given time, say thanksgiving, but i'm sure this would be feeding that argument that under the proviso of looking after us, individual liberties are being crushed for all of us. what do you think? >> that's such a great point, because the idea that the state has to look out for you assumes that people can't do that for themselves. and that takes a dim view of human nature. and when that happens and when we give so many of our civil liberties over to the state without thinking about it, it is not only irrational, it leads to an explosion of new programs that will squash said liberties long-term. i have been saying this for months. i'm actually very very dubious of the medical surveillance industry that is working in concert with big tech to really keep tabs on us and those could have profound implications for the future, so we do need to be

vigilant about that and you do need to express your own personal responsibility and make good decisions. you will always make better decisions than those that the state imposes upon you. neil: all right. ladies, thank you both very much. crazy times. we live in crazy times. i don't know. we have to reshuffle our thanksgiving plans at least in new jersey. other states, too. i should say that a number of them are entertaining similar ideas, whether you get down to 10 for thanksgiving, that might be a stretch. we'll be watching it. also watching how the markets are playing off all of these fears. more concerned or happy that they might be short-lived because vaccines are on the way. for over 30 years,

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you know limu, after all these years ♪ limu emu and doug. it's the ones that got away that haunt you the most. [ squawks ] 'cause you're not like everybody else. that's why liberty mutual customizes your car insurance, so you only pay for what you need. what? oh, i said... uh, this is my floor. nooo! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ neil: all right. all you need is some news on a vaccine that could get the economy globally going back to normal, whatever normal is, and travel related stocks start running up. they are among the biggest beneficiaries. i believe all 11 s&p 500 sectors are doing quite nicely today, buoyed by this news that moderna might have a vaccine of its own sooner rather than later, at the

very least sooner for at least emergency use. we could see more down the road. charlie gasparino on the fallout from all of this. hey, charlie. charlie: hey, neil. yes, investors -- it's interesting, there's a long dark winter being predicted by joe biden, by andrew cuomo, governor wh whitmer of michigan, many democrats and that contrasts with what we are hearing from sophisticated investors with skin in the game, just as a lot of these guys were predicting particularly in the futures markets, donald trump would make a race of it and even a divided government, they are predicting the end of the pandemic soon on all this news on vaccines. take your pick. you believe in andrew cuomo and governor whitmer that this thing has got a long way and it's going to keep going or do you believe the markets are usually right on this. maybe one other reason why the markets are up today is because we are getting some interesting

chatter from wall street biden supporters. what they are telling us, me and my producer, is that the biden cabinet vetting process is being done assuming the gop keeps the senate. so the operating assumption is the gop keeps the senate inside the biden camp. that's the odds. at least that's what they're saying now. why is this good news? because it means more moderates possibly in the cabinet than some progressives. now, does that mean there will be no progressive influence on the cabinet, of course not. but it does mean that elizabeth warren as treasury secretary, bernie sanders as possible labor secretary as we heard chatter about, is probably not going to happen at least as of now. that's the word i'm getting. i'm not in the process. i'm just telling you what the wall street guys are telling me. warren is unlikely to get treasury, bernie is unlikely to get labor department. now, one of the problems with this whole thing is that the progressives still have some power.

that means from what i'm being told by wall street executives again close to the biden campaign is that it's going to be -- it's probably not going to happen that a major wall street guy will get a job like treasury secretary. as you know, bob ruben was treasury secretary, former head, from when he was head of goldman sachs went to work for the clinton administration. i think he was first head of nec, then became treasury secretary. there has been a long tradition of wall street guys in that job. it's unlikely to happen now. unfortunately, that means you don't get a jamie dimon who from what i understand, if jamie dimon was asked by president-elect biden to be treasury secretary, he would probably take it. he's a moderate democrat. but also, as you know, someone that's pretty tough on certain things. he's clearly not a progressive. he's spoken out against the green new deal. he probably would tell biden not to raise taxes at least until we get a vaccine. he's much more moderate. in any event, he's unlikely to get the call because of how this cabinet vetting process is going

on. so i guess there's a good news and bad news scenario. but not having elizabeth warren as treasury secretary i think is buoying, that's a little bit, when you see markets go up, there's a little bit of that in there. divided government is good, the progressives, the crazies are not going to be calling the shots as much and yes, we are going to get a vaccine sooner rather than later. that's what the market's telling us. listen, i don't know. i'm not an epidemiologist. i'm not involved in these trials. i can just tell you that people with skin in the game think this thing is going to be over not this time next year but a lot sooner and that's what they are pricing in right now. back to you. neil: real quickly, if the runoff elections, two of them in georgia, don't go the republicans' way, they lose both, that's the only way they stay in control, that is democrats in the senate, how would the markets respond to that? charlie: i think that would be a problem. i always told you that complete democrat control of the house

and senate is something that we have to start repricing stocks. you would have to look forward, what does that mean for tech, will there be -- elizabeth warren would then be in the majority even if she's not treasury secretary. do they have a blank slate for raising taxes on investors. all that would have to be figured into the market. i think there would be some selloff at that. obviously there's 0% interest rates, you could say where will people put their money. that does put a cap on the selloff. clearly certain industries, oil and gas will get hit, right? just go down the line on what biden has targeted in -- when he was a candidate. that would get hit if the democrats have a blank slate. but i'm telling you, i'm not hearing that from democrats. they think there's a 70% chance the republicans keep the senate, winning one of those seats at least. neil: yeah. that's all they need, keep one of them. lose two of them, all bets are off. charlie, thank you very much. charlie gasparino. speaking of the president-elect joe biden, he is going to have sort of a

teleconference, if you will, with some of the biggest names in the business community, also a number of prominent union leaders. he's going to lay out some of his plans to move forward after covid-19 and what he does with covid-19 when he starts speaking in delaware, we will take you to him. in the meantime, dow up about 357 points. stay with us. robinhood believes now is the time to do money.

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are available in many areas. call now and we'll also send this free guide. humana, a more human way to healthcare. neil: the legal options could be narrowing for the president of the united states right now, whether that's getting him to the point of acknowledging that joe biden is the president-elect of the united states, not quite so fast, but brian yennis on the problems that are being addressed and now abandoned in pennsylvania. brian? reporter: neil, good afternoon. this is the last real legal leg to stand on for the trump campaign here in pennsylvania. tomorrow at 1:30 p.m., they will

present a case to a federal judge arguing that the election results should be blocked from being officially certified here in pennsylvania on november 23rd. now, trump campaign lawyers are making the claim that democratic counties allowed voters to illegally cure or fix errors on their mail-in ballots before election day while republican counties did not, which disadvantaged republican voters. they claim this is unconstitutional and a violation of the equal protections clause. now, last night, attorneys for the trump campaign filed a revised version of this federal lawsuit with large chunks taken out specifically about the campaign's claims that over 600,000 ballots should be invalidated because of their unfounded allegations that republican poll watchers were denied access from observing the mail-in count. the pared-down lawsuit still includes the observer action lawsuits but now they are not

specifically asking the judge to throw out these ballots. in a statement, president trump's personal lawyer rudy giuliani said it's routine for attorneys to file amended complaints to tighten the claims, we simplified the suit so it's more focused and narrowed. this is part of the process. pennsylvania democrats say this pared-down version is proof of lack of evidence and they are asking the judge to dismiss this case. they argue there are not enough cured or fixed ballots in question to make a difference anyway. right now, president-elect joe biden's lead in pennsylvania is 70,000 votes. criminal defense attorney jonathan turley said the trump campaign needs evidence. >> merely running out of runway here. they're going to have to produce evidence of actual voting fraud or widespread irregularities to change the outcome. reporter: here in philadelphia, they plan on hopefully being done with counting ballots 10:00 p.m. tomorrow night and that is when they hope to start the official countdown clock towards

certifying these results. neil? neil: thank you, my friend, very very much. want to go to bill mcgern, crackerjack writer in his own right. where is all this legal challenging going? the president does seem to be running out of venues but what do you think? >> well, i agree with jonathan turley. i think they are running out of runway space. i haven't looked in detail at all the allegations and so forth, but you know, a lot of it seems to be dropping away. so i think the bar would be very high at this point to get a court to rule in favor of the trump administration to the extent that it would overturn the results that we have now seen for joe biden. however, i would say that there is a case that i would like to see go to the supreme court no matter what the outcome and that is the pennsylvania case that the court heard before the

election. basically a state court had changed the election deadline in philadelphia. i think -- in pennsylvania, adding three days. the constitution vesting authority for such changes in the state legislature so in that case, the court refused to grant the stay that the republican party requested. i think they should have and if they had done that and followed this and other steps, in other words, ensure the states obey their own laws, i think we would be in a lot better position today. i would like to see the court take up the substance of the case. i don't think it's going to change the outcome, but i think it would be good going forward to have clarity that states have to obey their own laws. remember, the constitution gives state legislatures the right to n nthe rules f elen, not ihiihink this this just a to th generalneranerara suspicionsp and idd t the t owes u os os

some cme c o cth ois. neil: assilumiluming ye righteet is conovonnaltsal owns w wch ght, youou a ao poi p p out, w do you t pre llllll dh whh ths if if i heews he's runut of optionoptioptiops goingog to beresiredentbin,n,ow thinkhill hanl of that?hat? >> i d i't d mean, if if iww t wou wldou be ah m m predi prect how h president trump umis goi reacret. i do suspect, in a lot of cases, the president doesn't admit he's wrong. but he stops doing or saying what he said before. i hope we do see that. i hope if joe biden is certified as the winner and the president has exhausted all his legal remedies, you know, i'm for letting a candidate use whatever legal remedies they have. if it comes to that, i would hope that he participates in the

inaugural and then moves on. he can be a critic after that. he can be a force after that. but that's what -- i think that's what most people hope. but again, i'm not one of these people that just dismisses -- i personally don't think the outcome's going to be changed but so long as a candidate is doing legal things, i say let it play out and see where it lands. then whoever's the winner is in a much stronger position after that. neil: that's a very good point. he's free to be doing all of this. all right, thank you very much, my friend. by now you have heard of this latest vaccine that could be out and there could be more on the way. the read from the former acting cdc director on what he's looking for and looking out for, after this. some hot cocoa?

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. it's like a typical vaccine, you clean your arm with a

product to make sure you don't get contaminated, you inject the vaccine and you're finished. you don't need any device. it's like when you get your flu shot at your local cvs or walgreens. it will be the same thing. neil: moderna the latest to indicate we've got a vaccine, too, it looks promising, could be authorized for emergency use within a matter of weeks, ready to go with the doses just like we heard with pfizer and biontech. dr. richard besser joins us now. of course you remember him, former acting cdc director. always good to have you. thank you for taking the time. what do you make of the rollout of these kind of things and how we decide who gets it? >> yeah, i mean, this is exciting news. i'm cautiously optimistic. i will feel better after the fda has had a look and independent science review. but as you point out, there's some real challenges here. the pfizer vaccine requires ultra-cold temperatures. it sounds like the moderna vaccine may not require such

extreme temperatures. but there are some questions still that are hanging out there. these early results are showing how good they are very soon after you have been vaccinated. i would never have imagined that they would have been this good, above 90%, 95% for the moderna vaccine. but your question will be out there, how long does protection last. does it last for a series of months, does it last for a year, is it something that lasts for many years. that's an important question. does it work in high risk individuals. we haven't learned anything about the population. but we really want to protect the elderly, those with chronic medical conditions and some vaccinations don't work quite as well in people whose immune systems are not as strong. those are things i'm going to be looking for. the big question, surveys are challenging on this, is will people want to get it. there's been so much distrust of science, so much undercutting of cdc and fda, it would be

absolutely devastating if we have highly effective vaccines and people don't want to get them. neil: yeah. long before the whole, you know, virus itself as you know, doctor, there was a movement that was anti-vaccine anyway, that people are just leery of vaccines, period. leaving that aside, i am curious how it's decided who gets it and when. is there a protocol for this? >> yeah. so there's a group called the advisory committee on immunization practices which is a federally established committee that advises cdc on who should be getting vaccines. fda will term whethdetermine wh approved, the advisory committee will advise cdc on that. the national academy of medicine convened a body as well to try and make recommendations around this. as it's looking, first responders, health care workers are in that first group who will be getting vaccine. then high risk individuals, so the elderly, people with chronic

medical conditions, looking to see how do you ensure vaccines get to black americans, latino americans, native americans who have been dying at incredibly high rates. it will be scaled out. it will be the spring for sure before you start to see people who are at moderate or low risk getting a vaccine. so what we do this winter in terms of masks and social distancing will matter incredibly. what congress does in terms of providing support to people will matter incredibly. the vaccine is not going to save the day during this early winter. neil: forget about early winter, director. i'm curious what you make of a number of cities and states' moves to really tamp down on crowds. philadelphia, latest to just announce, i think this hits you broadside but you're pretty good at responding to breaking news, banning all indoor gatherings as the virus surges. in new jersey, they want to limit indoor gatherings to no more than 10 people. i believe the prior limit was

25. for all i know, they will police how many you have at your house for thanksgiving. i'm wondering depending on how you feel about your relatives what you make of all this. because if they're worried this is still an issue as the vaccines potentially come out, is it going to scare people and is it wise, these new restrictions? >> well, i think it is wise. unfortunately. you know, what you're seeing is different from what we saw in the spring, where it was total shutdown, total lockdown. what the approach is now is saying okay, what are the settings where we're seeing more transmission and a lot of that is in bars and restaurants, a lot of that's in social gatherings in people's homes. it's not so much that the power of banning that but the signal of saying when you have people into your home, that's a risky situation. thanksgiving is going to be a risky situation. our kids, our two guys are

coming home, they will get tested before they come home, but my parents who live in town who are both 90, they're not coming for thanksgiving dinner. we will bring them a plate. it's just too risky. so some of the things that matter so much to us in terms of coming together, if we truly want to get this under control, and it's so important that we do so, vaccine's not going to do that for thanksgiving or christmas this year. it's what we do as a society. neil: all right. if you don't mind, doctor, given your cache and being former cdc director, i will tell my in-laws i would love to have you, but dr. richard besser says no, so thank you for that clarification. >> i will give you a note. send you a note. neil: all right, doctor. always enjoy having you. i learn a great deal. dr. richard besser, former acting cdc director. we will have a lot more on this and how joe biden is responding to all of this. he will give us an economic blueprint of what he's looking at as he takes office next january. he might be responding to these

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neil: you know, when i was a kid i can remember what if they made a taxi or vehicle that could fly over the traffic, if only i had

put money behind my brilliant idea, because they actually are coming up with that. in orlando it's a lot closer than you think. ashley webster following all of that. what's going on here? ashley: yes, following it carefully. i did the same thing, staring out the car window saying wouldn't it be great to fly over this. we are talking about a sky taxi. it can take off and land vertically, runs entirely on batteries, has 36 engines. yes, it's something the jetsons would be proud of but go to the video. this is no flight of fantasy. by the way, those three dozen jet engines, well, they wouldn't like me to describe it this way but they are more like super powerful and sophisticated leaf blowers. they run on batteries, they are imbedded in the trailing edges of the wings. you can see it looks like sawblades or maybe a comb. this craft has been developed by a german company that has sealed a deal with the city of orlando to create one of those. that's called a vertiport. like an airport but with

vertical takeoffs and landings. very cool. the idea is to have a fleet of sky taxis that can fly about an 186 mile radius, offering a faster alternative to high speed trains or just dull old driving. lake nona, near orlando's main airport, will have the first of these vertiports. each taxi will take a maximum of four passengers plus the pilot to tampa in under one hour on a single charge. kind of cool. initially the fares will be about the cost of a business class plane ticket but as the service expands, tickets they say, we will see if it's true, will reportedly be competitively priced with trains. i looked it up. an amtrak ticket from orlando to tampa costs anywhere from $27 to $40. it could be good. but before any of this can happen, it still has to win approval from the european aviation space agency and the faa.

but orlando is betting on this. they will give up to $1 million of tax breaks over the next ten years if this german company can come through, get this thing up and running and create jobs. we know there are dozens of companies trying to develop air taxis, including cavuto avenuati aviation company but this is the first to link rural areas with other rural areas and suburban areas. every other company wants to build one that can fly above the big city but it's closer to happening than you think. maybe five years. maybe less. neil: maybe less. could be a project for space force. all right. ashley webster, thank you very very much, my friend. i want to go to hans nichols right now, axios reporter extraordinaire to talk about not flying taxis but what we might be hearing out of the president-elect today. he's talking about the economy, what he will do upon assuming office, building back better is the theme, who's who of

corporate leaders joining him virtually, all the union leaders as well. hans, his message will be obviously continue on this theme of an economy that could benefit all and not just some. do we know what the strategy will be coming in? reporter: yeah, that's right. sorry, some technical difficulties, i'm obviously not capable of flying a taxi in space although there may be some overlap there for you, between the build back better program and maybe some green stimulus money for flying taxis. those batteries get awfully heavy. we will leave that to the engineers. look, here's what we are going to hear from the president-elect. we are going to talk about his big program that spends a lot of money to create a lot of jobs in the manufacturing sector and the green technology sector, and the environmental space in general, infrastructure around on what he wants to see for the next four years as well as ten years. the broader question on this, will any of these policies actually cross the line, because you are going to need 51 votes

in the senate. 50 with them having the vice president. so these are aspirational. this will give us a marker of where president-elect biden wants to go. but in terms of actually legislatively possible, we have to wait until georgia and that's why everyone inside the biden camp is looking so closely at georgia, because they are going to have to revise and revisit a lot of their expectations based on that race. neil: i have always wondered, hans, if the vice president himself would prefer it stay in republican hands because it could save him a lot of agita but i'm just curious what your thoughts are. reporter: well, if you knew that the vice president were going to absolutely run for a second term, you could make the case that having a republican senate allows him to stay in the center lane and potentially bolster his re-election prospects. biden has given no indication that he's only going to be a one-termer. his sister said he's going to run for two terms. most democrats you talk to

suspect that he is going to be in for one term. if you think of one term as the time horizon, four years, that four years gets compressed to two years when you think about what might happen in the house of representatives if republicans take control. so when you think about the kind of mark and legacy that joe biden would want to leave, it's a lot easier to do that with a democratic senate. so yes, having a tight vote in the senate allows them to negotiate a little bit more. it forces him to govern from the center. but at the end of the day, if you have the opportunity to have big margins in the senate, you take it. any sports team that you can think of always wants to win big. no one ever says well, we really wanted that close victory. i think the same dynamic is true in this situation. neil: all right. interesting. we'll see what happens. hans, very good catching up with you, my friend. be well. i will talk to you more about the flying taxis when we have more time. hans nichols, axios reporter there. this group you will see

president-elect biden addressing is mary barra of gm, the heads of microsoft, target, really a who's who of union and big corporate leaders. we're on it. more after this. ♪ sofi made it so easy to pay off my student loan debt. ♪ they were able to give me a personal loan so i could pay off all of my credit cards. i got my mortgage through sofi and the whole process was so easy. ♪ choosing sofi was literally one of the best decisions i could have ever made because it gave me peace of mind. ♪ . . . . the lexus december to remembr sales event. lease the 2021 nx 300 for $349 a month for 36 months and we'll make your first month's payment. experience amazing at your lexus dealer.

♪. neil: all right. if you thought restrictions were tough in new jersey where they're banning crowds of more than 10 people in your own home in philadelphia they don't want multiple families, you know, indoors at all. furthermore, they are wiping out

the following businesses and activities that are not allowed. high schools and colleges must move to online instruction, indoor dining at restaurants and other food services stops. the only thing at that would be available is limited take-out. they're getting tough. here we go. is charles. charles: this is making money. move over hope, there is a new word driving the stock market. it is optimism. the market jumped out of the gate with moderna saying the vaccine is 95% effective. strong rallies on earnings reports so where could the next leg lift us in this market and what are the biggest risk? i have dynamic, and dynamite guests ready to help us out. president trump is withdrawing the central part of the lawsuit in pennsylvania. he continues to