se tests. >> it's one of the hidden costs of shutting things down it creating fear in people. hats off to dagan. maria: soon we will all go and get a vaccination. great to see you. have a great day, everyone. "varney & co." begins right now. stuart: i am grabbing hold of that. good morning. good morning, everyone. two developments with the virus. good news on both fronts. pfizer now says it's vaccine is 95% effective with up the effectiveness rate as more test results come in. no serious a side effects, no serious safety concerns and it works with older people, 94% effective with people over 65. pfizer and its partner both up again. next day covid test that you take at home has been approved by the fda it's a breakthrough because you administer the test result and get results in 30 minutes and will cost you $50.

of the vaccine and the test helping stock prices. dow jones up about a hundred points at the open, seven for the s&p and eight for the nasdaq more retailers reporting this morning and target looks good work same-store sales up 20%, another measure of the strength of consumer spending, just like walmart, target stock up 2% at the moment. look at this, bitcoin crossed $18000 per coin and has backed off to 17855, about a thousand dollars or shy of its all-time high 19640. i was a skeptic, maybe it's something else i should have bought that didn't like apple, tesla, amazon, zoom and so many more. we do have a jampacked show. new york governor cuomo says president trump had

nothing to do with the rapid development of the vaccines. you will see him say it. boeing gets max judd approval and is now ungrounded. how about this for thanksgiving, noticing, no shouting, kp the music down so you don't have to raise your voice and my off the alcohol. new restrictions for thanksgiving is growing. "varney & co." is about to begin. ♪ stuart: get ready. we should get ready for a different kind of holiday season. according to the cdc, as i just decide, no loud music, no alcohol, no fun. i will do my take, and editorial later in the

show, but first there are now photos of governor newsom in california at a restaurant in a crowd breaking the rules while restrictions are in place for everyone else we are working to get those pictures. you can look them up and see it for yourself, do as i say, not as i do. a bit heat-- i bet he did not put his mask on. senator feinstein walking around capitol hill without a mask. in pennsylvania, governor wolf once you, insists that you wear a mask inside your house. i think it's time to bring in ashley webster because i can imagine people wearing masks inside their own home. there are a host of other restrictions and i think you have the list. ashley: who is going to police the at-home mask mask wearing? governors in ohio, maryland and illinois imposing restrictions on business hours and crowd

sizes here, the north dakota, utah imposing statewide mask mandates. as you alluded to, stu, there is resistance. some local elected officials and residents and even some local law enforcement authorities who are refusing to enforce mask requirements. in utah dozens of people opposed to the mass mandate protested outside the home of the governor. in time for thanksgiving officials in delaware say residents won't be allowed to have gatherings inside their homes of more than 10 people and in los angeles county restaurants cannot offer indoor dining right now and report there are plans for mandatory curfew for all but essential workers if cases continue to spike. whiskey to oregon. classic. governor kate brown imposing a limit on indoor and outdoor gatherings to know more than six people and violators face a fine up to my $1250 and 30 days in jail. critics say well, guess

what i guess you could be jailed for having too many people over for thanksgiving, but if you want to write and loot in portland, no problem. listen to the county board chair and oregon who calls these restrictions pure hypocrisy. >> how dare governor brown think she's going to come out, send the police into people's homes and arrest them and find them for having a thanksgiving meal with her family. while at the same time she allows riders and anarchists to destroy downtown city apartments ashley: yep i'm a that is the very definition of hypocrisy and that was two to d smith talking to tucker carlson and you can see more from tutti as she will join us in the next hour. i think she will be a good interview. stuart: like i said, it's a great show. to the markets. let's talk money. let's bring in shah

gilani. everyone in the world seems to be bullish about next year, i mean, all these "firms say we are going up in 2021. i went to reverse that with you and i want you to tell us what would stop this rally everyone is forecasting equipment probably, stuart, two things on the horizon that could happen, unlikely but possible with one being problems with the vaccines. we are optimistic. if we have side effects from preventing the vaccine, that could certainly arrest the rally. another thing i will keep a keen eye on his november retail sales. october were a bit softer than expected, but still we are on track-- actually selling the same amount retail wise over the same time in 2019. if we didn't pull forward numbers from november december and keep those good numbers

in november than the market rally can continue. if we pull too much forward and don't see extensive holiday sales and retailers turning a good profit, then the market could back off a bit i think it probably late december, early january. nonetheless, i don't see those things happening. i see a more clear path forward. stuart: i think last week or the yearbook-- week before you are tagamet doubt 33000 and. i think you said by the summer of next year. are you still in with that? >> yes. i am definitely, absolutely. i think by the end of 2021 we could easily see the dow jones 35000. if the vaccines are effective and we get back to normalcy, sense of normalcy then the economy will pick up where it left off in 2019 and i think that is all systems go. there's a lot of pent up demand with savings in bank accounts and i think we will see a lot of spending whatever the

administration looks like and that bodes well for the stock market. stuart: wastes shall watch closely. 35000 on the dow jones by shah gilani. he has upped the ante. i'm going to get to the housing market. it's looking good right now and we have new numbers from a variety of areas. start with mortgage obligations, lauren. lauren: all good numbers. remembered that election wool we saw, it's over and home buying is back with applications up 4% on the week, volume up 26% on the year. mortgage baker association says the job market is recovering, rates are low and americans are still a one to space, refinancing still popular, nearly doubling on the year of 98% annually. housing, construction on new homes for the month of october, 4.9% from september, 1.53 million units on an annualized

basis and housing permits in october 1 per million annualized, all good numbers. stuart: thank you. i went to get more on the retailers who reported this morning. lows, i saw the stock way down. start with them. lauren: falling short, reporting huge sales growth, but still made less the sales and profit than anticipated. higher wages and also cost to ship online turning the bottom line. wall street kind of disappointed with the report car. target crushing forecasts with market share from competitors across a lot of categories including apparel in beauty. they offered more convenient string that pandemics getting shockers hooked on curbside pickup. that drew almost sixfold from july through september. home delivery nearly tripling in those months. t.j. maxx up in the premarket because they are giving a dedicated-- and dividend again come

13%. sales that were down 5%, but far better than-- bottom line the consumers and the american consumer continues to spend and that's good for the us economy. stuart: i will say pretty those retailers are doing pretty well. come on in, economist john lonski. we are in the middle of the fourth quarter of 2020. what evidence is there that the recovery at this point, fourth quarter, is sustained strong? >> we just got good news on the housing dart. we will have another strong reading by residential and resident spending and consumer continues to spend. shah gilani made a reference to lower than expected retail sales for october. i hate to say this, i think he may have been wrong because growth rate for october was less than expected mostly because there were very big upward revisions for retail

sales in the month of august and september. so, consumer spending is coming in well. i think there's a good chance real consumer spending will grow by at least 4% annualized in the fourth quarter from the prior quarter and that is darn good. stuart: so we do then have a v shaped recovery. uim on recovery, v shaped recovery. >> the market had it right. covid-19 recession recovered quickly, upward revisions of growth forecast for 2020 ever since the summer of this year, and looking ahead for 2021 growth should be at least 4%. it could be as high as four and half to 5%. stuart: we would take that, absolutely. john lonski, thank you.

i know you have more to say but i have a hard break coming up. looking at futures on the board right now up 120 dow jones. remember the level 29830 -- 30k is within striking distance. if you are worried about flying commercial, cosco may be able to help you with their new private jet subscription. we will show how it works and see if you can afford it. new york governor cuomo does not want to give everyone credit for a speedy vaccine. watch this. >> the first of drug company that has the vaccine, that is big money. president is eco. on the way out the door he wants to say i solve the covid because i discovered a vaccine. no, it's a bs. stuart: really? you think a vaccine to help save lives would make them happy, but apparently not, not if

it is in the trump administration. i will have a whole lot more coming up, next. ♪ turn on my tv and boom, it's got all my favorite shows right there. i wish my trading platform worked like that. well have you tried thinkorswim? this is totally customizable, so you focus only on what you want. okay, it's got screeners and watchlists. and you can even see how your predictions might affect the value of the stocks you're interested in. now this is what i'm talking about. yeah, it'll free up more time for your... uh, true crime shows? british baking competitions. hm. didn't peg you for a crumpet guy. focus on what matters to you with thinkorswim. ♪

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simplify life. adapting. innovating. lsetting the course. but new ways of working demand a new type of network. one that's more than just fast. you need flexibility- to work from anywhere. and manage from everywhere. advanced technology. with serious security. and reliable coverage, nationwide. forward-thinking enterprises, deserve forward-thinking solutions. and that's what we deliver. so bounce forward, with comcast business. you might think you were born with a slow metabolism.d to lose weight, that's exactly what these people thought. (woman) i lost 75 pounds with golo.

(announcer) nambu lost 48 pounds. hannah lost 60 pounds. and graham lost 131 pounds. how? they went to golo.com. now it's your turn to lose weight quickly and easily with golo. head to golo.com now. that's g-o-l-o.com. stuart: if you are just joining us, there's a big news on vaccines today and i went lauren to tell us about it. lauren: pfizer and biotech said their vaccine was more than 90% effective. it's 95% effective and that's consistent across all age groups and all demographics, no serious safety concerns observed in our final phase three trial data, so they plan to file for fda emergency use

authorization within days because they collected with a needed, two months of safety data. a plan to produce 50 million doses this year for americans that means 12 and half million doses coming by january 1, stuart. excellent news. look at the stock. stuart: i am saying it's good news, but tell me about that just approved at home rapid test is it one of those things where you put up your nose, is that it? lauren: it is, but i'm not sure how far up you have to go. my guess is the bottom of the nostril. this is the first fda approved at home kit that gives you resulting 30 minutes. this is while you wait. he swabbed yourself and put the swab in a solution and plug it into this divisive and then it will light up a positive or negative, so you know if you have it

in a half-hour. you need a doctor's prescription and it costs $50. for instance if you are a child, a professional still has to give it to you so parents cannot test their kids at home, maybe if they are nurse otherwise now. we are making progress with testing and therapeutics. stuart: thank you. led to bring in doctor john barrasso who also happens to be a us senator. we are addressing usa doctor, if you don't mind, mr. senator. do you think this new at home 50-dollar test is a breakthrough? >> i do, but breakthroughs, major breakthroughs have been coming in the fight against coronavirus, stuart, in a time when cases continue to go up. these breakthroughs will be the light at the end of the tunnel so this is very good news. 30 minute test done at home, huge advantages.

one, you don't have to wait for results to her three days so you can take immediate action if you are that patient and you can also contact others you have been around to make sure they do the same to protect themselves. plus, you are not at a clinic or you actually may spread the coronavirus to other people in the clinic or healthcare providers, so across the board this is very good news for home testing. we are doing about a million and half test a day in the us, let's often you have to wait days for results which makes it harder to connect with the other people you may have been in touch with. stuart: senator, i want you to listen to what new york governor cuomo is saying about the vaccine rollout. roll tape, please. >> why is it moving so fast? two reasons, money and ego. of the first of drug company that has the vaccine, that is big money.

you didn't need trump to tell the vaccine companies you should develop a vaccine. he had nothing to do with it. president, it's ego. on the way out the door he wants to say i solve the covid because i discovered a vaccine. could know, all bs. he didn't do anything. stuart: i'm sure you heard that. what is your reaction? >> to me, governor cuomo, that is a stubborn ignorance. cuomo has been too wrong for too long and the people of new york have paid a high price for that. u.s. congress has passed the cures act and what we have done is made major investments in coming up with a vaccine took it passed in the republican senate and the house took it by unanimous consent. billions of dollars have been invested and it has made a huge difference. we will save the lives of millions of people, not just in the united states, but around the

world and governor cuomo has called that bad news. 90% effectiveness, he calls a bad news. stuart, i asked the governor and your listeners, why is it bad news that through united states investment and innovation we are getting people back to work sooner, kids back to school more safely, those things matter for a robust economic recovery. why is it wrong that we are going to help save the lives and bad news saving the lives of millions of people around the world? this operation warp speed we will hold a briefing tomorrow for all the senators on just how important this is and reports in the "new york times" said we could be vaccinating up to 20 million people before the end of the year. this is good news for our country and good news to share round of the world yes, sir. mr. senator, thank you for joining us.

>> thank you, stuart. stuart: back to the markets encouraged by the vaccine and testing news. dow jones will be up about a hundred points in the opening bell and we will take you to wall street in just a couple of minutes. ♪ when i was in high school, this was the theater i came to quite often. the support we've had over the last few months has been amazing. it's not just a work environment. everyone here is family.

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stuart: we just got photos of california governor newsom at the french laundry restaurant breaking the rules he imposed on everyone else. we have the photos, more on that later in the show. let's go to online shopping stocks. put them on the screen, please. they are doing fairly well with our market guide mark tepper today. mark, i think you believe online shopping is a big, getting bigger , here to stay so that's what you are buying. is that right? >> yeah, i mean, e-commerce is not a short-term trend, stu. if you look at the list about performers yesterday, you will see a lot of the dinosaur brick-and-mortar retailers like macy, kohl's, nordstrom's, those were up big yesterday almost like investors are

correlating the preopening trade to a resurgence in brick-and-mortar stores, but brick-and-mortar stores weren't dying pre-covid and mall traffic has been on the decline and i think investors are mistaken they think a vaccine means e-commerce. stuart: what are you buying? >> stamps.com. that's our derivative play on e-commerce work that's how mom and pop shops get their products to customers. it's down about 40% from the summertime peak. they just had another peak. its trading as it e-commerce is don and that is not the case. stuart: you have mentioned that before. i thought it was just posting this stamps but obviously it's not, shipping. >> that shipping application of everything from warehousing to fulfillment. stuart: how about amazon? there is an online seller. >> that's a no-brainer, the 800-pound gorilla in

e-commerce and also in the cloud. you have the s&p near all-time highs yet amazon is 12% off its peak. you probably haven't heard a lot of people say amazon is cheap, but i think it's incredibly cheap for the growth you are getting. stuart: tjx, i always figure that's t.j. maxx. you like that one, i believe, even though it doesn't have it-- much e-commerce. >> almost zero e-commerce, the one to brick-and-mortar retailer that in my opinion is completely insulated from the attack from e-commerce between t.j. maxx and home goods, people love these stores. about the customer experience and customers love the treasure hunt experience. it's always fun to win, so when you find the 50-dollar item for $10 that's a big win for people. stuart: always fun to win, yes indeed. we will see you again soon.

20 seconds to go we open the market this wednesday morning. it is wednesday? yes, it is. we will be up maybe 100 on the dow jones. modest game today. i want to remind you we are about 200 points away from dow jones 30000. we have a big graphic to celebrate if we get there and we will at some point, maybe. dow jones from the start up 90 points about a third of 1% so modest again. s&p i think is up slightly, very slightly, a fractional gain and as for the nasdaq we are down, but only down .02%. i call the market a fairly flat opening. however, i'm going to look at boeing and i think they are straight up this morning-- yes, they are up 5%. it's about the max judd, ashley? ashley: it is indeed. faa says he's a hundred%

confident in the safety of the boeing 737 max to allow the best-selling plane to resume flights. it was grounded 20 months ago following two fatal crashes. longest grounding in aviation history. at the order it now allows boeing to resume us delivery and commercial flights by the end of the year. faa require a new training on the safety system that the blame for the two crashes as well as safeguards another software changes your bottom line, boeing should get this back and going by the end of the year. american airlines says it plans to try to relaunch the max flight by the end of the year while southwest which is the world's largest max operator says it doesn't plan to fly the aircraft until the second quarter of next year. that said, big day for boeing, the news they have been waiting a long time for. stock up 5%. stuart: big deal though it's

getting people to fly the plane when it's back in the air commercially coming will people accept the max jet? we will see. tesla is up, not much but up 1% they have an upgrade? susan: an upgrade from morgan stanley for the first time in three years. morgan stanley going over way for the first time since 2017. upside of 22% for the stockinette's already-- tesla a definite winner. price of the year morgan stanley 540 going forward and we are jumping on the bandwagon recommending the electric car company as not just a carmaker but a services firm generating high-margin software with self driving, battery tech, insurance, yeah value added for the stock. stuart: elon musk has had a fantastic week. susan: space x, crew dragon and added to the s&p 500.

stuart: not bad. hold on, one more. apple and let me read this, apple is producing apple store commission for small business? susan: think of this as an olive branch. 30%, so have that but only applies to is an app developers making up to a million dollars in sales, smaller businesses. apple has been under fire for antitrust stemming from their apple store from competitors. they say they are a monopoly in charge way too high fees, so by the way the largest player like fortnite, epic and netflix, you still have to pay 30% commission, but premarket argues apple built this wildly successful business and they can charge whatever they won as a private company. you can choose not to use that apple store to access the billion iphone users around the

world see when they are positioning themselves for any antitrust-- susan: of an olive according to analysts. stuart: apple's 118 as we speak. pfizer and biontech. i'm going to repeat this , final results of the virus vaccine are in tell us again,. lauren: 95% efficacy in all demographics, few side effects, on track to reach 12 and half million americans because it's two doses. next month as pfizer gets ready to submit a request for emergency use authorization by the fda within days, but a member pfizer said more than 90% effective. than russia set our vaccine is 92% effective and then moderna@94.5% effective and now let's see if anyone else can get like 97% because the fda was only accepting 60% here.

stuart: how do you advance on 95%? only time will tell. susan has the story on walmart getting new-- susan: seven price target hikes. people are getting bullish on walmart. mostly in the 150 or so, hire 180 for the stock. walmart reporting stellar earnings yesterday with online shopping up nearly 80% from july to september and also a lockdown winner as shoppers stocked up on necessities. walmart stores are running out of toilet paper again and cleaning supplies according to executives, but here's the warm fuzzy story of america's largest retailer offering free thanksgiving dinner to shoppers. you register your purpose at-- purchase and receipts to get 100% cash back for the purchase. software trading near record highs for walmart.

people are getting more bullish. stuart: does anyone buy a turkey these days? don't they get free turkeys with a special offer? susan: give away free turkeys, turkeys are expensive, do they not? stuart: get out to the suburbs. norwegian cruise lines down-- what's with that, ashley? lauren: another stock offering to try to raise some cash. when you do that, you dilute the share price and that's why we are down 7%. norwegian says it needs more money to fund operations. $20.80 a piece to your bottom line is they had not been cruising at all this year not till very early in the year. cdc said no cruise lines can operate unless they conduct a simulation cruise test, which we talked about yesterday so analysts say the

earliest the cruise lines will probably get going if everything goes well isn't until early next year, maybe january we will see. in the meantime they need to raise cash to stay afloat, so to speak. stuart: so to speak, couldn't resist the pond. ashley: i couldn't. stuart: its wrap this up. seven minutes into the trading session and dow jones is up 70 and we are flat to ever so slightly higher across the board. here's what else we have, students at harvard trying to stop any and all trump officials from teaching or speaking or even going to the university. how ridiculous can you get? i have an editorial on that one. hypoxia in california as officials in full display with some proof. roll tape. >> i take responsibility for falling for a set of >> you have to have your mask on. >> that's right. we got our mask.

>> we are all human. we all fall short sometimes. stuart: okay. our own california guy, steve hilton will join me in the 11:00 a.m. hour. a lot more on all of this still to come. great show. here we go. ♪ for over 30 years, lexus has been celebrating driveway moments. here's to one more, the lexus december to remember sales event.

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if you policy qualifies. or call the number on your screen. coventry direct, redefining insurance. stuart: i had to tell you would never gain is left in the dow jones-- well, 120 points but a lot of that is made up by boeing and pfizer, both of which are dow jones a stocks. nice again. how about the 10 year treasury yield. where is that? .86%, up seven basis points and the price of gold, where is that? 1875. show me bitcoin. that's the mover at 17850, at least one

hedge fund manager says he's not convinced. susan: he's the founder of the largest hedge fund in the world so he tweeted this on twitter, he's wondering if he's missing something about bitcoin. he loves to be corrected. he doesn't think it's a great store of wealth because it's a volatile and hard to predict because it doesn't have a lot of correlation with other so if the government outlaws the cryptocurrency because it competes with their own currency. jack dorsey disagrees. remember one of the early adopters of bitcoin. now, the current bitcoin rally cannibalized by paypal. you have heard of that. stuart: i have now. susan: allowing them to buy and sell bitcoin. we saw crack above 18000 for the first time. stuart: i heard a report-- they

may break bitcoin up into fractions so you could get a fraction of a bitcoin. susan: that's how you use bitcoin to pay for things, you fractional eyes it. i had to explain that to you earlier. stuart: it's the rarest of assets in the world. susan: bitcoin? stuart: yeah. susan: its data mining that creates value. stuart: you can print as many dollars as you like, but dowling comes the value but the number of bitcoin stays stable so up goes the value. that's the theory. susan: reducing the amount of bitcoin in the market to make sure it's not overinflated. stuart: it went up a couple of bucks right there. tell me about robin hood , michael publicly to maybe in the first quarter of next year. is that at the choice for this year kobe day trading. they are usually younger

than the charles swab demographics. bloomberg reporting they are asking banks to pitch for their role in underwriting this offering. fundraising of robin hood nearly $12 billion with some of the most successful venture capital firms. by tapping millennial's robin hood is now 13 million active accounts, but they have been blamed for skewing the stock market. remember they bid up prices of the electric car market and also irrational purchases such as bankrupt quotes -- hurts. stuart: they bring liquidity to the market. dow jones, 29912. are doing the math, we are 87.7 points away from dow 30000. let's look at tesla. we have our old friend

back. we love you back here-- p air. i have a problem with tesla profits. they booked a billion dollars with a profit from the sale of green energy credits, double the profit they made organically over the last four quarters. i'm not sure i'm on board with that kind of profitability. what say you? >> first of all i love your accent as well. thank you for that. why are you looking at profits of this year? tesla is trading on maybe like over a hundred times that, more than a hundred times that. what really matters is how much profit it makes in 2025, 2030. we've had conversations about that. to give you a sense of that, in 2025 earnings

per share and in that there's virtually no credit revenue. we don't like how credit revenue in our model. credit revenues are very short-- have a short duration so one and a half billion dollars in pure profit this year so that's like free money i guess. that money is going away relatively rapidly in the next three or four years and that's not part of the overall picture. what matters today is gross margin of tesla excluding credit and excluding credit is the leading gross margin for the car manufacture and conveys to expand. credits have nothing to play their. stuart: you have straightened me out and i appreciate that. we have news morgan stanley has upped its price target for tesla

to $540 a share. what is your target price? >> mine is a tad above that, 578. they are getting closer to the truth. stuart: $578, so they are getting closer to the truth. [laughter] stuart: very good indeed. we are almost done, but may i ask, are you-- do you live in america? >> yes, i do. stuart: are you a citizen yet? >> not yet, but working on it. stuart: next line. thank you very much for joining us. we really do appreciate it. thank you. moving on before i get in trouble. president-elect joe biden staffing his cabinet with progressive democrats as in socialists are not happy and that is sounding off. we have that for you. can we expect president trump to be banned from winter-- twitter after

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stuart: nice again. we are up 70 points on the dow jones, most from pfizer and billing, two stocks that are up to. twitters jack dorsey said mr. trump would no longer get a special exemption from twitter after he leaves office. jim anderson is our social media guy joining us. gm, does that mean the president could be banned from twitter after january 20? >> , stuart. it does. this sort of feels and now the ball. if a ban, but a conflict and read-- major reckoning is inevitable. a president that doesn't back down and twitter has a set of rules and you heard from jack dorsey they have not been enforcing those rules against president trump because he is it president. the minute joe biden is sworn in president trump will then be former

president trump. stuart: does that mean there will be more to quit the censorship of conservatives? >> you saw that yesterday, facebook bigger than twitter. twitters more in the news relating to president trump. this issue is not going to go way. jack dorsey said some days this feels impossible and i thought that was remarkably honest. you have one side saying you are censoring too much and suppressing conservative voices and the other said-- side saying you are not doing enough and that was sort of personified in the hearing. the tech ceos are sort of stuck in the middle and it's pretty clear they don't have a very good answer of what to do about that. stuart: here's where i'm coming from. neither party has a significant majority in the senate or the house and the both-- both technology companies have enormous amount of money to spend on lawyers, so i don't

expect any huge changes to facebook or twitter that would really hurt their business model for what to say you? >> great point facebook and twitter will be fine, but it what about someone like parlor or other upstarts. the section 230 reform and some say we should take it away from big tech companies. be careful what you do is in many ways if you take that our weekend that section you will hurt the little companies more than the big companies, so that's a real issue for consideration as they debate what kind of reforms to make two section 230 and there would definitely be bipartisan consensus that something needs to change. many big companies would welcome that change because it would improve their advantage. stuart: good stuff. thank you. we appreciate this. obviously we will keep an eye on this because it will be a story that

will reverberate throughout next year in the hereafter probably best so facebook stock not that much affected. just ahead, liz peek, martha mccowan, tennessee senator marsha blackburn and steve helton and this, harvard the council card as they want to stop any and all trump officials from coming to their university, speaking, teaching and even stepping foot to there . unbelievable. i'm on that with my take next. ♪ (vo) i'm a verizon engineer and today, we're turning on 5g across the country.

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stuart: it is precisely 10:00 eastern time. look at that market. we're up 80 points on the dow dust industrials. show me boeing because that's a dow stock and that's adding, how many points is that adding to the dow, 70, 80. susan: ad 7 to 8, 40, 50 points. stuart: nice gain for boeing, 3% up. what did you say, susan? 55 points added to the dow because boeing is up 3.8%. i like that. the dow is up 91. we have positive news, a lot of it actually. pfizer's vaccine is 95% effective. the market likes that.

travel stocks doing well this morning, mostly, not across the board but if you have got an approved vaccine and got an at home test for the virus up go the travel stocks. american airlines, united doing pretty well. a big hour coming up for you. that's a promise. liz peek, congressman adam kinzinger, martha maccallum, in the 11:00 hour, steve hilton, kayleigh mcenany and tennessee senator marsha blackburn and now this. the supposedly smartest people in the world just can't handle free speech. at harvard a petition is circulating to ban trump administration officials speaking, teaching or attending this supposedly towering elect wall institution. what are they afraid of? if they're so brilliant they should be able to refute ideas they don't agree with. they should welcome opportunity to show their ideas are more compelling. instead they play the cancel card.

don't let them speak. don't even let them set foot on the property. these are the elites who lead or led the hate trump campaign from the start. pampered sons and daughter of the rich. trust fund kids stamping their little feet when they can't get their own way. they're intellectual cowards. hey, don't debate conservatives you might lose. it is more than just intellect. it is a class thing. they are so refined are they, so refined above the likes of donald j. trump the president or you and i. been born in highly class conscious britain. i know what it is like to be looked down on. harvard types look down on america. there is more to come. the harvard petition will not be the last cancel situation. the die-hard trump haters will keep at it this is america where our constitution guaranties free speech. we'll speak freely. just watch. the second hour of "varney & company," it is just

getting started. ♪. stuart: no doubt. >> that is the band. ska is the type of music. stuart: i'm getting an education. that was every day an education, fresh out of the box. thank you, susan. i will tack that. "don't speak." that is the name of the song. that is what harvard types. come on in liz peek. i want to see the smile. i'm off my rant. i calmed down a lit. i want to know what has happened to the great universities? before you start think of oxford and cambridge in britain, suppose ledly the best universities over there they don't cancel people to nye knowledge. they have free and open debate. in harvard they can't stand

conservatives. they have to shut them up. what the hell has happened to us? >> stuart, i think you should be outraged about this. all americans should be outraged because our universities are supposed to be the seats of liberal learning. that means you're supposed to explore and contest ideas, et cetera. the faculty at harvard identifies 80% of them as liberal or very liberal. less than 2% are conservative. so it is the administration of this university that has given rise to this cancel culture and let's not forget, ronald sullivan a black law professor had his deanship revoked because students at his dorm was so offended he would defend harvey weinstein as a counselor. they decided that it was threat to them -- they were such snowflakes and they couldn't stand that. the university cowed to them and revoked his deanship. it was unbelievable.

more recently a guy named kyle clasher, survivor admitted to harvard as a freshman had the admission revoked because he turned out to be a gun rights advocate after the massacre. his fellow students couldn't stand having him on campus. this is really appalling. harvard's motto is -- guess you will not get at truth unless you hear opposing points of view. they can't tolerate it. stuart: not just appalling liz. it is pathetic as he will. >> it is. it is [inaudible] stuart: i will move on, socialists slamming president-elect biden appointing cedric richmond and steve mckinney to white house posts. calling them corporate friendly insiders. democrats are totally split, right? >> yeah. stuart, did they not see this coming? give me a break. where did the money come from that rushed into joe biden's

campaign. it wasn't prosocial justice democrats t was from big pharma, big banks, private equity firms, big tech by the way. do they not think there is a payoff coming? i cannot imagine a bigger lie than joe biden being the candidate of the little guy. he wasn't. he is the ultimate corporate establishment candidate and we've already begun to see the business roundtable and other corporate organizations demanding their due. [inaudible]. i cannot believe the progressives didn't see this coming. stuart: liz, that was good. we hope to see you again real soon. liz peek. >> hope so. thank you. stuart: thank you very much, liz. we better get to money, you know, we really should. so we'll bring in david lefkiz, i hope you didn't go to harvard

or upset by my little rant. everybody seems to be bullish next year. you say there is a 10% upside move for stocks in 2021. make your case, please. >> thanks, stuart. really just comes down to the pandemic, right? if we, now that we have vaccines look effective and safe, should be widely distributed in our view by the middle of next year we'll see economic activity finally get back to normal. there are a still a lot of things in the pipeline. interest rates are very low. the fed will not raise rates for a few years. the government will do another round of fiscal stimulus in our view. you have nice powerful forces will propel corporate earnings higher. we think corporate profits will be up 20% next year. that will be the fuel that drives the market higher by 10% next year. stuart: i will try to put numbers on this. if you see a 10% gain for the s&p 500 which is now at 3600,

you're talking about the s&p at 4,000 at some point next year, right? >> yeah. our price target is 3950, yeah, 4,000 round numbers. stuart: 33,000 on the dow. i don't know when you guys care about the dow but 33,000? >> they tend to move pretty much in lockstep, so that would be about right. stuart: can you pick out a sector that you think will do best? >> yeah. so, there is a few sectors that we like at the moment. i would highlight financials which we just upgraded about a month ago. you know, this has been a really beaten down sector, one of the laggards this year, really hurt by the pandemic. credit costs are starting to fall. we think you will see a big improvement in corporate profits as we go into next year for the financial sector. there will be able to return capital to shareholders sometime middle of next year that is the big banks we're talking about. that should be a pretty powerful

catalyst. i like industrials. you guys were talking about boeing earlier. the whole aerospace supply chain is depressed that should rebound. a big part of industrials. labor markets should continue to improve. that should be great for consumer spending. we like health care. it is so beaten up. valuations are out comes which we don't think are likely so we think there is scope for revaluation. stuart: david, you made us all feel better about 2021. thank you for being here today. >> thank you, stuart. stuart: sure thing. let's go back to the vaccine makers put them up on the screen, please. one more time, lauren, take us through the great virus vaccine news of the day. lauren: there is a lot of it. we'll start with pfizer, their vaccine 95% effective according to the final results of their trial and this is across all demographics. they will seek fda approval in days. then you have moderna, 94.5%

efficacy. it is easier to store the vaccine. the final two front-runners johnson & johnson and astrazeneca. they're in phase three testing awaiting results. novavax they will begin latesting this month. as you know the fda approved the at home rapid nasal swab test, swab your telephone, get results within half an hour while you wait at home. a game-changer for detecting, stopping the spread of covid-19. the two drawbacks you need a doctor's prescription for it. you can't go to the pharmacy to pick it up, at least not yet. it won't be widely available. stuart: it is nasty. you have to poke the swab up your nose. we should get that in there. that ain't really nice. lauren: hopefully you don't go all the way up, to your eyeballs. stuart: stop it. susan: too much information. stuart: wait a minute, susan.

i'm looking at the problemmer and it says some analysts are predicting 40,000 for the dow. susan: we haven't even reached 30,000 yet but 40,000 is just around the corner. this is call from baird, which you know, obviously some people listen to this investment outfit. they're talking about 40,000 on the dow next year because of the makeup of the index is more value than growth. here is a new acronym. forget fang next year. think of beach, bookings, entertainment, airlines, cruise lines and hotels. when we talk about names like the beach stocks, trading below their true worth and their sales. stuart: that is a fair point. if you look at these beach stocks, before the virus hit they were way up above where they are now. if you get a recovery from the virus, maybe you can expect the travel stocks to go back up where they were. susan: that is fair. i'm doing calculations in my

head. airlines are trading half the valley than they are we have seen rally because of vaccine hopes f we get vaccine approvals, multiple ones hopefully we turn the corner by april according to fauci, we will be there. stuart: i won't forget beach stocks. cnn's don lemon slamming trump supporters, roll tape. >> a lot of people will be embarrassed over time say how did i do that. stuart: did you hear that? if you voted for trump, you're supposed to feel embarrassed. well that is interesting. elsewhere, an incoming county official in oregon is openly defying governor brown's crackdown on large gatherings. she is planning on throwing a big thanksgiving. that official tutti, she is on the show later this hour. lawmakers in pennsylvania want you to wear a mask in your own home.

we'll take it all on as the second hour of "varney" rolls on. ♪ - i decided to diversify

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stuart: president trump's move to reduce the number of troops in iraq and afghanistan getting mixed results, mixed reaction i should say. president-elect biden, he has kept quiet about this. why might that be, ashley? ashley: well he has talked on both sides of this issue in the past and many are wondering exactly how he will handle remaining troops left in those two countries of afghanistan and iraq once he enters office. for instance in a 2012 tweet

while serving as vice president during the obama administration, he said this, the u.s. troops would be out of afghanistan by 2014. vp on afghanistan, we will leave in 2014. it never happened you about biden did surprise voters in september when he told "stars and stripes" he would likely maintain a presence in the region to see through the taliban-afghan government peace deal and also to insure stability against forces like isis which suggests he does not in a complete troop withdrawal. up until now, certainly since the president's announcement, he has remained very quiet. stuart: we would like to get some clarity on that. let's try ourselves. let's bring in congressman adam kinzinger, republican from the great state of illinois. congressman, do you approve of pulling troops out or reducing a lot the number of troops in iraq and afghanistan after all the sacrifices our soldiers made?

>> i think that the key is. we made a lot of sacrifice. i know it is continuing to be messy. we made a lot of progress, if you look at afghanistan for instance, you're in peace negativion. it gets over 80% of the afghan people want the united states they're. they don't see us as an occupying power. our mission there is counterterrorism. so going against isis and also stablizing the government. here is my concern is, i understand people's desire to leave. i totally get that but when you go from 5,000 troops to 2500, really what you've done, 250000 troops to do the mission. 2500 be just have that left is basically the force you need just to protect the bases we're occupying. so i don't understand, if you do complete withdrawal one thing. i obviously would oppose that but i don't understand this halfway number at all. stuart: okay we'll get more a little later i'm sure. sure you're from illinois. illinois is essentially bankrupt, that's my word. maybe a little harsh but that is

my word. and your state's governor, jay pritzker, he is a billionaire. he wants the federal government to bail out illinois. he wants the taxpayers of florida, tennessee, texas, to bail you guys out. where do you stand on that? >> yeah. totally opposed to it. if you look at, maybe a year or two ago, all the republican congressman signed a letter to the governor and said, if you're waiting for us to support a bailout we're not going to. here is the thing, every state probably and should get some relief for the impact of covid but it has to be fair. when you look at illinois's mismanagement for decades, their out of control pension system, it is not the job as you said, voters or taxpayers in a state well-managed to bail out and paper over the mismanagement of illinois. it is one thing to, if there wants to be a carrot stick approach set up to force illinois and other states in a similar position to actually make changes that's one thing

but if you're going to expect us to write a check to continue the way you have been doing things it is not going to happen. stuart: what will happen in illinois? you really can't pay the government worker pensions. you have another lockdown situation developing here. your economy is really in a mess, what do you think happens? >> well i think, you have to have grownup discussions. same with the federal budget deficit what is really driving that, entitlement spending. same with illinois. you will have to take adult decisions. the governor put on the ballot what is a progressive tax trying to raise taxes on the rich, it failed epically actually for illinois. would it just run more wealthy people out of illinois. he will be forced to raise tax on everybody and have to make budget cuts probably. right now up to this point they have been completely ignoring the truth and trying to tell people it is all going to be fine if we soak the rich more. stuart: congressman, great pleasure having you on the show.

don't be a stranger to us. >> you bet. anytime, take care. stuart: you got it. i'm staying in illinois. the governor, jay pritzker has revealed new restrictions but he is concealing his own thanksgiving travel plans. tell me more about this, ashley? ashley: got to love it. illinois's department of health is asking residents to stay home except for essential activities. residents in the chicago and surrounding suburbs are asked to avoid gatherings and travel with individuals outside their home. illinois governor jb pritzker himself keep gatherings small and. when governor was asked about reports he plans to spend thanks giving in florida, mr. pritzker he dodged the question. >> i don't know exactly what my plans will be i certainly be happy to share. i think you already know, i mean, we have a place in

florida. so -- ashley: yes, you do. the governor says he and his family since this have received a lot of hateful threatening messages on social media, including a debunked video showing his daughter diving at a chicago restaurant. pritzker said his wife and daughter will be in florida for thanksgiving while he and his son will remain in chicago. there you have it stu. stuart: another example of do as i say, not as i do. i think that's it. i think i got that the right way around. ash thank you very much indeed. ashley: you do. well-done. stuart: let's get to pennsylvania. the governor there wants you to wear a mask even in your own home. is that, is that for real, lauren? lauren: yep, that's really what tom wolf said and the state health department has clarified. they say this, indoors masks now required anytime you're with people outside of your household, even if you are socially distant.

applies to all indoor facilities and if you have people in your home, not part of your household. you must also wear a mask outside in pennsylvania when you cannot socially distance. they're seeing an explosion of infections averaging 5000 a day but this goes down to privacy. how do you police who is in someone's home and whether they're wearing a mask or not? i don't think people will listen to that. if you have a visitor who is not part of your household, that visitor probably understands that it would be respectful to wear a mask and we'll ask you, should i wear a mask? you can say yes or no, however you feel, right? people can make their own decisions. stuart: i agree entirely, lauren. i think you will always run into trouble when the government tells you what to do in the privacy of your own home. i think that is always going to be a problem. lauren, let's move on. look at this, please, this is police in germany firing water cannon into crowds of

protesters in berlin. they were protesting against strict, strict virus restrictions. look how many people they brought it for that. set the water cannon on them. restrictions here affecting our thanksgiving travel. fewer of us will hit the road this year. what a shame. gas is dirt cheap. more "varney" after this. ♪ this is decision tech. find a stock based on your interests or what's trending. get real-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions. fidelity.

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find your fitscore and get your answers today to get the most out of medicare. call the number on your screen or go to healthmarkets.com call now. ♪ stuart: good one. education. there are two versions of revolution by the beatles. a slow one, a faster one. susan: what is this one? stuart: the slow one. this is the one came later i believe. a lot of beatles fans in the audience, stuart, you're wrong all over again. we like the music. we're dusting off our british invasion animation. we're playing the beatles, ashley, the brits are banning gas and diesel cars. when? ashley: should play, "let it

be." boris johnson said the uk will stop selling gasoline, diesel cars and vans 2030, just 10 years from now. part of a 10-point plan for so-called green industrial revolution aimed at generating he said as many as quarter of a million jobs, yes, combating climate change. uk authorities said sale of new petrol and diesel vans and cars would end in 2040. in february they announced an ambition to bring that forward to 2035. now the new 2030 target comes after what the government describes as an extensive consultation with carmakers and sellers. the government will however continue to allow the sale of hybrid cars and vans that can drive a significant distance with no carbon coming out of the tail pipe until 2035. stuart: that was a quote, wasn't it? , coming out of the tail pipe. ashley: yes indeed. stuart: they're sounding more and more like bernie sanders

over there. what a shame that is. ashley: they are. stuart: sorry, i have to move on. what is it 10:30 and 40 seconds. we have the latest numbers on oil. how much in storage. how much we use. susan: we all live for this. a build of 368,000 barrels slightly less than forecast, for the week economists were calling for closer to 1.7 million. a build in stockpiles but not as much as anticipated. stuart: okay. susan: you live for it. come on. stuart: no, we don't. i digested the significance. get something real serious. nio, the chinese electric car company. we got their earnings. i bet they did well. susan: they did well. this company rallied 1000% this year. this is profit-taking. 1000%, you want to cap some of those gains. better than expected. for the full year they're looking to deliver more cars than anticipated i think is very bullish, right? we got upgrade from

bank of america calling the stock worth 54.70. there is still a lot more upside. stuart:% from here. from 43, 54, you have 20% under your belt. not bad. susan: i knew you were going to say. stuart: tesla, what have you got on them? susan: tesla got a morgan stanley upgrade for the first time in three years. you have to go back to 2017 the last time morgan was overweight on tesla. they're predicting 22% up side for the stock. tesla already quintupled so far this year. price target, 540 from these levels. morgan stanley is jumping on the bandwagon. they're recommending the car company. they don't see it as a carmaker. they see it as services firm. think of high-tech software on self-driving, baltry tech and insurance. yes, that is helping by the way boost up other electric car companies like nikola. it is a tesla rival. nikola up 12%.

that bounce of 10%. stuart: you remember fargu on the show, he thinks tesla goes to 578. very firm. >> morgan stanley is following him. finally getting on the bandwagon. connell: he got that in, didn't he? thanks giving a typically busy time for travel. this year may be different because of the pandemic. the gentleman on the right-hand side of the screen, patrick dehahn, gas buddy. you say road travel will be down significantly. how much? >> that's right, stuart. we're looking at a drop, not such a big drop, only a third ever americans hitting the road this year. down from 2/3 last year. of course you can blame coronavirus. unlike the brits who may be forced to park their cars americans this holiday weekend will be voluntarily parking theirs. stuart: what a shame. i'm not on the math on this i think gas is as cheap as it has

been in many, many years. is that right? >> that's right, stuart. we are real close to seeing the lowest prices since 2008. now with prices going up here in the last few days we'll be the cheapest since 2016. a missed opportunity potentially but of course in the backdrop of this coronavirus cases surging you know, really i think most people will be parking in their living rooms to watch the lions again disappoint. stuart: i heard that. now this, when i'm driving along the highway, i figure where am i going to stop for gas, first thing that motivates me is the price, okay. everybody knows i'm cheap. secondly is, the convenience of getting off the road and getting back on to the road but you're telling me there is a third reason for stop and this is? >> cleanliness, stuart. this year as you mentioned price is always top of mine especially with me. who wants to pay more. the convenience, you will not go in town to save a few cents. the third of course this year is a bump from what we've seen the

last two years, cleanliness. of course in this covid era, hand sanitizers at pumps. people want to feel like the station is clean. they will not pull in a station that looks ugly. stuart: about time we shaped up some gas stations and restrooms. wouldn't do any harm. patrick dehaan, you're all right. >> thanks, stuart. stuart: here is a headline that really caught my eye. costco is offering a private jet subscription service. kristina partsinevelos, i didn't realize they had a fleet of private jets. how does this work? reporter: $12,500 for private membership. costco teamed up with wheels up. you get $4,000 flight credit. 3500 costco membership. this comes at a time when we know air travel is down dramatically. according to aaa, it is largest

one year drop in air travel in their history, down almost 48%. that means people aren't traveling as much. prices have dropped dramatically as well. domestically, according to hopper.com, domestically plane prices are down about 40%. international flights are down 20%. averaging about20 bucks. you're getting some deals. a lot of people worry about travel. if we're talking about the private jet industry, they were hit hard in the beginning because of all the business travelers that weren't flying. you had a lot of wealthier people seeking out safer options, less exposure. actually you're seeing this private jet industry actually pick up quite a bit. so costco collaborated with wheels up. just a mere $17,500. the catch is, stu, you get the membership, you get the costco membership, you get the private membership but you still have to pay for the flight.

giving you access to beautiful plains like this citation xl behind me here. it is something new. maybe something one day we can afford. back to you. stuart: you know your hand actions when you give reports are absolutely priceless. i love the sweep along the wing of the private yet. that was very good. well-done. reporter: show-and-tell not vanna white or boring tv. stuart: excellent, kristina. susan: little do they know you already can afford this private jet service. stuart: can't afford or can? susan: you can. stuart: we'll see about that. thank you, kristina. i said it before, i will say it again, the media loves joe biden. only softball questions for the president-elect. martha maccallum on that next. for over 30 years,

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stuart: are we up or down? we're up 100 points for the dow. we're down 1on the nasdaq. got this. >> president-elect biden says bring back daily press briefings. let's bring in martha maccallum, anchor of "the story" on fox news. what do you think these daily press briefings will look like, martha? >> well i think they will look a little different than they have looked over the past four years. that is pretty clear. what we've seen so far are very sort of softly handled balls get thrown at the former vice president and president-elect biden at this point. you know i think that we're just looking at a completely different tone overall, stuart, in terms of what this looks like. i think we got a good taste of it on the campaign trail, they called a lid most mornings or many mornings. it is a different vibe. stuart: i'm fine with a nicer tone. i don't think anybody objects to a nicer tone but the press, the

media is supposed to some degree hold a president accountable by probing sharp questions. who is going to hold this president accountable if all we get from the troops, from the press, i should say, is just softballs, one after another? >> well i hope, when we get to the press briefing room, there will be some of our reporters in there obviously who will be pressing the president-elect on a lot of these issues. you know, we didn't have a foreign policy debates this time around. we had no real probing interviews from any tough interviewers for the former vice president. i mean, i expect that at some point the honeymoon is over and the questions will change dramatically. there is so much we don't know about where joe biden stands. we heard a lot of things about rebuilding coalitions, revisiting the iran agreement, getting back in the paris climate accord. all of these things. they haven't been vetted, pressed on them, why, the

ramifications for all of those things. one thing you have to say about president trump, say many things about president trump, one he took questions all the time. stuart: yes. >> on his way to the helicopter, all the way back. he wanted engagement. he pushed back, not happy with a lot of press that he received but willing to engage in a real animated way. stuart: i'm told that the biden camp is still calling an early lid. i'm told this. is that accurate? is this what we're going to see for the next four years? >> i have no indication there is anything, we will see anything else, stuart. i think you will see a return to a very different kind of presidency. i think this is part of the reason though, and it is worth noting, i think this is part of the reason that he won. the campaign was not super substantive, in terms of what the next four years would look like, what joe biden's vision was for america. the vision we got for america to bring it back to some sort of normalcy.

to regenerate, you know, a quieter, gent letter path. you don't get that unfortunately. reminds me many ways, jimmy carter came in after nixon and the brief ford presidency. everybody wanted someone wearing a cardigan sweater to slam things down. he got slammed with the iran hostage crisis and oil embargo. the presidency has a way to through the itself upon you. you don't get to put a lid on when stuff happens in the world. how he responds that is definitely the story we're covering, that is for sure. stuart: you're one of the most hard-working people in television. we appreciate you coming on the program regularly. >> thanks for having me. stuart: sure thing. let's bring up the subject of don lemon slamming trump supporters. there is nothing new in that, is there, lauren? what is he saying? lauren: well, okay, there is nothing new in that. don lemon was talking to chris

cuomo specifically talking about the wayne county michigan where republican electors initially refused to certify results as biden as a winner when don lemon said this. >> a lot of people will be embarrassed over time, they look back, how did i do that, how did i fall for that? what happened to me, what was i thinking at that time. your grandchildren will look back, what did grandpa did, what did dad do, mom do, in this moment, realize you're on the wrong side of history. lauren: wrong side of history and embarrassed for your political vote, for your opinion, for supporting president trump? stuart: dream on, don. lauren: whatever your vote is that is personal. that is fine. stuart: absolutely. 1 million americans should be embraer -- 71 million americans should be embarassed? i don't think so. now move on to "the view,"

cheering virus lockdowns. what did they say. ashley: highly learned, co-hosts of "the view" cheering new wave of covid crack downs across the country. arguing people cannot be trusted to do the right thing. take a listen. >> frankly i want to start by saying thank you to all of these governors and mayors that are finally heeding the call, that people were dying. >> about time. >> so i'm grateful. ashley: whoopi goldberg is grateful, no doubt about that. joy behar said, guess what, it is about time. they also did criticize politicians who flouted their own rules to their credit including house speaker nancy pelosi. but we can all rest easy because the co-hosts of "the view" believe that the right thing is being done. my sarcastic comments are over. stuart: but sarcasm on occasionally is very effective, ashley, that was good.

well-done, lad. ashley: you're welcome. stuart: new york governor andrew cuomo sharply critical of president obama, sorry, president trump, big pharma over the speedy vaccine. coming up kayleigh mcenany, she will join that discussion, i promise you. but first, we're talking to tootie smith. she is a county official in oregon where the limit on social gatherings is six, count them, six people. she says she will invite as many as she can to her thanksgiving. she is deiing into the governor. she is next. ♪. we made usaa insurance for members like martin. an air force veteran made of doing what's right, not what's easy. so when a hailstorm hit, usaa reached out before he could even inspect the damage. that's how you do it right. usaa insurance is made just the way martin's family needs it

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♪. stuart: not much price action on the market this morning. we've got 100 point gain for the dow. two down on the nasdaq. six up on the s&p. fairly flat. look at carnival. operations on pause for the first half of 2021. they're doing that because they need to work to meet cdc requirements which include having an onboard testing facility. the stock actually is up 1%. let's get to oregon. there is an order there to limit indoor gatherings to six people.

that's it. that applies to thanksgiving lunch of course. come in tootie smith, the commission chair-elect, county commission chair-elect, in clack aum count. is that correct? >> we have the orgeon's third largest county and border portland, or gone. >> i want thanksgiving and i love them, i should extend that courtesy to my family without the threat of governor brown to arrest and jail people having a thanksgiving meal. at same time she is allowing rioters and anarchists to destroy and burn and pillage the city of portland. stuart: i believe you invited everybody to your thanksgiving. everybody who normally comes to your thanksgiving. >> everybody who normally comes,

stu. that's right. thank you for that clarification. i invited all of my family who normally comes to thanksgiving dinner. it is their choice. they said they want to be together. they likewise crave. they will be responsible. most of my family members are tested for covid. most of those tests come back as far as all of them have come back negative. they will make their own decisions and how they conduct themselves. because the people -- stuart: what will you do, sorry, what will you do if you're in the middle of eating the turkey and the police show up at the door wanting to come inside and count how many people you've got around the table what would you do? >> i'm going to get my cell phone out and do a facebook live video and post it for the world to see. the lewdcracy of governor brown's orders. stuart: some people say you are being irresponsible?

>> oregon has been in a lock down for eight months. oregonians have complied to the letter with the governors and the cdc mandates of being safe, social distancing, wear a mask, stay home when sick. i don't see how oregonians can be asked to do anything more. and by the way, stuart, cases in clackamus county are dropping this is a mandate she issued for all 36 counties in oregon. even governor newsom in california let each county decide their own destiny. our governor does not trust the duly elected officials in each of oregon's counties to chart their own destiny and manage their own counties which by the way is a law. stuart: all right. tootie, you're spelling it out very clearly and we like that. i'm just, i've been really, i'm keen to see what happens on thanksgiving in the state of

oregon. i can understand that maybe portland is gung-ho for lock down but the rest of the state, i will be very interested to see what happens. tootie, thanks for being with us today. we really appreciate it. best of luck too. >> i appreciate you, stu, having me. stuart: coming up you will hear my take on the cdc new holiday rules. all of them. they're extraordinary. still ahead a big show, katekayleigh mcenany, tom homan, the third hour of "varney & company" is next. ♪ roblem. (clog dancing) at least geico makes it easy to bundle our renters and car insurance. yeah, helping us save us even more...

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stuart: calvin harris. susan: featuring neo. stuart: it's 11:00 o'clock on the east coast and were seeing green on the markets, not that much, we will check them, dow was up 100, nasdaq up a tiny fraction, the s&p up five points, plenty of green but not that much price movement. but do show me pfizer and biontech. they have been helping the markets big time, we got news of a promising new vaccine, pfizer now says there vaccine is 95% effective and we have a new at-home test, takes 30 minutes cost $50, big deal. the centers for disease control is telling us how to celebrate thanksgiving. there is no celebration involv

involved, just hunker down and be afraid. i will give you bullet points from the guidelines. avoid singing or shouting indoors, keep music levels down so people don't have to shout or speak loudly to be heard using alcohol may alter judgment and may make it difficult to practice covid-19 safety measures. what the cdc wants is for you to eat your turkey with your own household or attend a virtual thanksgiving dinner and watch sports and parades at home. is this what biden wants? he has always said follow the science, the cdc is a body and a lockdown thanksgiving. going with the science means turning over responsibility for governing to a committee, it also means abandoning our constitutional right to the privacy of our own homes, we

just heard from an official in oregon who will defy governor brown's order limiting thanksgiving dinner to six people and we heard from several shares in new york state who will not into your house to check on what you're doing, let's be clear, there is nothing in the constitution that allows any authority to check who is eating what and with whom in your private house, growing up in britain i remember the expression an englishman's home is his castle, keep out, thanksgiving dinner is a wonderful american tradition, keep out. the third hour of "varney & company" is about to begin. ♪ >> what i'm preaching all the time was contradicted and i got own that i want to apologize. >> there are times when we need to have her relief and come together and i felt like that was one of those times the crowd would gather whether i was there

or not. >> you think about covid, my masking both of these places. >> that is right. >> i take responsibility for falling for is set up, he owes me an apology. stuart: california officials, they don't care that much about breaking the rules that they set, they want you to do as they say, not as they do. steve hilton is the host of "the next revolution" and he has a smile on his face, he joins us now. i understanding california you have to wear a mask outside all the time. is that right? >> it is those are the new mass guidelines and we can expect the governor not to follow them, there is something i need to point out, it's very important for people to understand that when gavin newsom says he follows the spirit of the rules but not the latter, that is not true we see new photos emerge

thanks to our colleagues at fox l.a. that show he was breaking the letter of the rules because according to their ridiculous rules on thanksgiving and other occasions, when you're at a meal you're supposed to wear your mask the whole time and remove it only between bites, there's photos of gavin newsom at the dinner at one of the world's most expensive restaurants, there is not a mask insight, it's completely offensive on the hypocrisy level and it relates to what you're saying in your take which i so agree with, what is this revealing is the fundamental difference between the philosophies of conservatives and those on the left, conservatives believe they have an optimistic view of human nature if you trust people, if you give them responsibility they will do the right thing where the left believes very pessimistically you cannot trust

people, they will do their own thing, that's why you have to micromanage them, tell them what to do the whole time, this is becoming clear and clear and people in this country who love freedom and are responsible when you give them the chance to be responsible will revolt against this because it's so offensive and alien to the american tradition. stuart: stay there, i am more in a second period i want to talk about the big tech hearing and capitol hill and steve knows all about this. what happens to president trump social media accounts. susan: on twitter he will no longer enjoy policy exemptions that are extended to world leaders, the tweets perceived to be threatening, harassment, copyright violations and impersonation so many world leaders are giving wider latitude on twitter because the tweets are considered political speech and dorsey says when he

leaves office, he will no longer enjoy the privileges, facebook mark zuckerberg says it will not change the way that it moderates president trump supposed when he leaves office, facebook has been labeling was to president trump supposed since election day but there's a different in terms of treatments of president trump's tweets once he leaves the white house. stuart: the possibility that he can be banned from twitter or his post stricken from. susan: when he tweets and what he post, yes. stuart: let me get back to steve hilton, he knows the social media business. i find that absolutely incredible, the very idea that you would censor and shove off your network, the former president of the united states of america, i can hardly believe that. >> they feel that there is absolutely no constraint on their behavior, they can literally do whatever they want and that reveal something that we've been discussing for many years that the fundamental point, they have too much power, there is no constraint on their

behavior because what they provide is something that everyone wants, all the lawmakers all use the service, everyone uses in service but the problem there is not enough competition, if you had more competition to get a proper constraint on their behavior that's why i've argued the real answer is to break up the companies, i know the people at facebook my wife used to work there, mark zuckerberg the one thing the he is frightened of and wants to fight is not section 230 reform or regulation he can cope with that and hire more people, the one thing he does not want is the one thing that we should do, break up facebook so he has proper competition. stuart: i don't think that's going to happen anytime soon, there is a slim majority for the republicans in the senate, slim majority of the democrats in the house and facebook has at least

$50 billion to spend on lawyers if they want to, i don't see the breakup happening anytime soon, do you? >> i don't know about that, i think give a real building momentum because you've got an interesting alliance between them and trim republicans and democrats. both sides have facebook's in their crosshairs right now, were different reasons but they really have and i think the example on the left yet people like elizabeth warren who wants to proceed this agenda and biden is going to be very influence likbythat. i think we could see some action in that direction. yes of course like anything of this scale it will take a long time, lots of lawyers but the mood has shifted against the companies because they have been annoyed by so many people of the imperious manner in which they behaved. stuart: that's fantastic, fascinating. we should be watching you on "the next revolution" sunday night nine eastern on fox news. thank you, see you again soon. stuart: bank of america says the

markets are close to full bowl, market guide jason caps back with us today. jason, most of the people on this program certainly from the big wall street firms are looking to next year 2021 and they see a rally coming, i think you do too. but just take a moment and tell us what do you think it would be that stops the rally, holds the rally in its tracks, what is the negative that we might be facing? >> there is three simple things, first and foremost would be a national lockdown, secondly no induration even a skinny physical package, third would be no dividing government, if we have one of those three things in a very big way we could have a meaningful pullback, that is not our base case but those of the risks to be mindful of.

stuart: you're paying close attention to the gridlock situation, are you paying close attention to georgia senate runoffs which could change the gridlock, i'm sure you're paying close attention to georgia. >> as ray charles said, george is on my mind, people aren't paying as much attention to this, maybe because her getting out of the grips of the national election and maybe other great vaccine news but as we approach the first week in january, i bet dollars to donuts that you and i will talk about this issue, think about what is at stake, a major policy reform and huge tax implications. heading into the presidential election you and i discussed, everyone is embracing a blue way because it meant more fiscal stimulus and when they got divided government, they realized what a relief to not see caps gains release go up, i will pay a kenai on the starter

electioentering georgia electio. stuart: i hope your back in january talking about the senate runoff and how it goes. jq thinjason thank you for bein. a hard line of immigration right from the get-go when he was first elected president, what happens when biden takes over, what happens indeed i will ask former ice director tom homan, harvard student trying to play the cancel card, no trump officials on their campus, kayleigh mcenany went to harvard law, will she be allowed back? first at least five states are banned indoor dining out right, many states have curfews, the national restaurant association sounds off on that, he's on the show next. ♪

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agree, there is absolutely no data that suggest that eating at a restaurant when the restaurant is following all the guidelines we set out in partnership with the fda and cdc that there is risk of spreading on a restaurant. stuart: how does it make you feel when you see pictures of governor gavin newsom eating without a mask without stopping to eat his mas put his mask on a very expensive restaurant in california disobeying his own rules, how do you feel about that? >> i think we feel first and foremost were about public safety, anytime we see somebody not following their own guidelines let alone the guidelines we've set forth for restaurants that is concerning. we know when people do follow the guidelines, massacring, social distancing and all the cleanliness and sanitation standards that we put in place that it is very safe to eat in

restaurants. stuart: does it make any difference at restaurants and bars in the new york area will cut everybody off at 10:00 o'clock as a curfew, does that make a difference to the spread? >> the curfew is better than shutting down completely, i think it's trying to assume as things get later and can create more challenges but the reality i don't think there's any data that suggest that is going to change the trend, i think the reality is restaurants can be safely operated and consumers in guest can absolutely have a great experience safely in a restaurant who are following the right operating guidelines. stuart: open up, you will take care people, make them feel safe, try to make them as safe as possibly can, please open up, is that what you want? >> we believe when opened, we have demonstrated the restaurants can operate safely in the guest can enjoy a meal with her friends and family in a safe environment, we want them open but it might push people into some of the environments

where we know are not safer people are gathering in big groups outside of restaurants because they can't go in restaurants that have demonstrated to be safe it could create more challenge for the virus. stuart: are not doing what you want, they keep on putting more and more restrictions on the restaurant business, do you have any recourse here? >> we continue to educate everyone, our biggest ask, we sent a letter to the national government association and the mayor's urging them to consider policies and regulations that enable us to stay open but it has to start with making sure that they are using fax, contact tracing data not hypothetical situations of transmission or causation studies, they need to use factual information. we need to keep educating and driving that point in reinforcing when they shut us down all are doing is hurting those locations, those folks in

their communities who are trained to do the right thing, business people trying to earn a living. stuart: how about a little consistency, you cannot open up, then get shut down then open up again partially, you cannot do that consistently surely should be what you want. >> we need consistency in the way there evaluating the restaurants we need consistency in how they're communicating with restaurants and was happening and we need facts and figures, consistency is key, you said it well we cannot have restaurants opening and closing operators cannot operate that way and their struggling in all this does is create more challenges for the restaurant industry. stuart: thank you for joining us, i would like to see you pound the table more, the restaurant owners i know are pounding the table, but your diplomat, a big smile. >> thank you, sir, great to be with you. come back soon. take a look at times square, it is empty, week before

thanksgiving, it is usually packed this time of year, come in lauren how long before the tours come back? lauren: i'll give you the good news, they will start to come back in the middle of next year but the bad news is pretty somber, it will be five years before the 2019 new york city tourist levels return, five more years, the city is not the same, anybody who lives there, works there and been there recently knows that, next week thanksgiving a parade, the plus they will go one block, not to a half miles, the broadway performances will be pretaped and then you have the rockefeller christmas tree lighting that iconic tree, i'm born in new york my entire family comes in every year to see the tree and oh my goodness look at the tree there will be

no access to the public but is that not the perfect christmas tree for 2020, it is bald, cricket, not pretty and i said that is so insulting adds insult to injury and then i said that is just perfect, that describes the year for so many people. another christmas and ended the year tradition is the iconic times square ball drop, that will be virtual this year as well. stuart: i weep for the city. thank you very much indeed. lauren: five more years. stuart: ashley what's going on with newark contact tracing. ashley: i was just thinking about ball, cricket and ugly i thought she was talking about politicians. that was too easy new york city is having trouble tracking down the sources of the covid-19 infections, mayor de blasio, he is not bald at midst the community spread has overwhelmed efforts to trace the virus, city

health experts say they know 10% of the infections in the city can be traced back to travel outside of the area while another 5 - 10% can be linked back to individual sources that still leaves 80% unaccounted for even though the city employees were then 1200 people who try to contact people who have tested positive and tracked their movements, part of the problem they can't always get a hold of people who have tested positive, for all of the counting of the contact tracing program turns out is not very effective. stuart: some people are suspicious of their asked by a stranger who have you been meeting with, americans. last but not least, newark governor cuomo is getting a pay raise. how much. susan: toy $5000, new york state is facing a 63 budget shortfall the next four years but they found 25000 extra dollars, that means he will make $2,050,000

making him the highest-paid governor in america. cuomo gets a pay hike but over 200 state lawmakers did not get the okay for their pay raises. he also managed to find six months to write a book during the pandemic which is a bestseller, let's see how much he gets from that. stuart: do not get me started. susan: american. stuart: this is america the last time i checked. cuomo says the president trump should not get any credit for the virus vaccines, what will kayleigh mcenany say about that. if you want to avoid a busy airport costco says it has the perfect solution and we will explain next. ♪

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show me boeing, the faa has cleared their max jets to fly again, grady trimble is at midway airport in chicago, the southwest airline hub, how long before southwest puts their max jets back into rotation? >> it's going to take a while they don't plan to until the second quarter of next year, united airlines will do it earlier in the first quarter of next year but american airlines says it'll have a 737 max plane flying round-trip from laguardia to miami by december 29 and then phase in more of the aircraft in january, before any of the airlines can do that they have to undergo changes to the plane mainly the flight control system that was partly to blame and the two crashes, all of the pilots will have to be trained on how to use the plane once it has undergone the changes. boeing has been waiting for 20 months, in the time it has replaced the ceo dave calhoun said in a letter to employees today we have implemented a

series of meaningful changes to strengthen the safety practices and culture of our company every next plane we deliver is an opportunity to rebuild our brand and regain trust, trust is going to be big as customers get back on these planes, all the airlines to fly 737 max planes said they will allow customers to rebook if they don't feel comfortable flying on one of them. stuart: grady trimble in chicago, if you are not comfortable flying commercial at this moment, costco has a solution for you. were back to christina park to n, tell memore. >> and measly $17500 to get access to the 12 month jet membership, costco is joining up with a company called wheels up a private aviation firm and access to over 300 jets, you can book within 24 hours and you get

$3500 costco shop card, a gift card and $4000 credit, what better way to find out how this jet industry is doing then asked the ceo of wheels up who happens to be in the plane, can you tell me the clients you're getting given the private aviation and the aviation of a whole hit hard with the pandemic. >> we are democratizing private aviation and bringing it from tens of thousands to millions and if you're gonna democratize private va should who better than with costco. exciting times of their business and what was once a luxury is now an essential. >> i want to know how much it will cost if i was to go to boston already paid the membership fee and after pay more on top of it. >> you can get to boston less than $5000, if you think about bringing a family up to boston you're talking about four or $500 a seat which is easy to do, if you're going to florida, 12 e

and if you have flexibility you're getting a strong pricing. >> thank you very much for joining us, now you know the prices, 17500 may not be affordable for all but opening up to the masses what were learning. stuart: that was fascinating i'm glad you got the price out of him. well done. now this, governor cuomo, new york governor claims big pharma and the president only pushed a vaccine through to help their egos and their pocketbooks. watch this. >> you did not need true to tell the vaccine companies you should develop a vaccine, he had nothing to do with it, pfizer, moderna, johnson & johnson, they know this is billions of dollars, whoever gets to the market first, it is bs, he did not do anything, it's a drug companies and nobody's going to trust him saying it is a safe

vaccine. stuart: my goodness, he did not do anything and nobody's going to trust him. that is kayleigh mcenany white house press secretary. have at it, here is governor cuomo saying that, have at it. >> this is absurd why he is saying, president trump organized operation warp speed back in january when democrats were engaging in facebook and president trump was partnering with moderna the $2.5 billion, another million dollars pfizer as well, this president pave the way, the fastest vaccine in history by five times, that was only done because president trump tearing down the accuracy, red tape while governor cuomo was shoving seniors with covid into nursing home and causing mass devastation and loss in the state of new york. stuart: i'm sure president trump has seen what governor cuomo said, what is his response, can you tell us. >> absolute hypocritical nature

of cuomo. president trump saw in real time when governor cuomo praised his work in cities been a great partner he's been in private calls of the governor and others where he's been praised for his response and this is blatant politics, partisanship and worse than that it's a responsible with the anti-vaccine rhetoric that were seen from governor cuomo and doubt set a time when were approaching the critical month of december and we will need 40 million vulnerable seniors and our front-line workers to receive this vaccine. stuart: i'm going to change the subject completely. i want to talk about harvard, as you may know a petition is circulating there which would be on trump administration officials from teaching, speaking or setting foot in the university. that would include you, you went to harvard law, are you gonna go back and challenge them. >> absolutely, i hope the administration stands firm

against this call from censorship among the students. when i was there there was an uprising, on campus that tried to silence the speech people from the right and the individuals in the administration stood up against them, they asked for exemption during a time of racial protest, the administration said no, you have to show up for your exam, i hope the administration is the same way they worried when i was there and they rebuke this movement, the censorship should not be tolerated in academic community should be free speech and adjusting of ideas, not the censorship of the viewpoint that you feel is unpalatable. stuart: will you challenge? i would love to see you walk back into harvard, harvard yard or whatever walk back and see what happens. i'd like to see that and i would like to see them throw you out, i'm not being funny. i want somebody to challenge these people, they should not be

getting away with this. >> absolutely i would do just that i would happily walk on campus and challenge this. while i was there i was very vocal about my support for president trump in 2015 and 2016 not ashamed for my conservative views even if it brought me the iron of other students, i would be opening to challenging that along with any other administration. stuart: you can come back any other day you like. kayleigh mcenany. i am sure we will see you again soon. senator martha blackburn did not men's words at the big tech hearing on capitol hill. >> you have used this power to run amok, you have used it to silence conservatives. stuart: senator blackburn will join in just a moment. there is no way around it, speaker pelosi needs to face the music she lost in the election big time. i will explain that too. ♪

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>> you have used this power to run amok, you have used it to silence conservatives, you have driven this cancel culture because you have not called to account your moderators, you have proven you do not have the will, the strength, the ability in you will not accept the responsibility to do it for yourselves. stuart: tell them senator, that was senator blackbird while grilling the ceos of facebook and twitter. senator you told jack dorsey and mark doctor berg, do you think things will really change? >> yes, i do, they are not exercising the ability to self

regulate, therefore it comes to us on the issue of privacy and having a fragile preemption on privacy, we have bipartisan agreement, bill is moving in the senate, when it comes to section 230 and the needed reforms, the legislation for online freedom and diversity act that i authored along with chairman wicker and chairman graham is going to be marked up in judiciary tomorrow and that it will move to commerce for its markup, the american people are just ill in fatigued with the adolescent way, the ceos of big tech act when it comes to respecting privacy, respecting the protection of someone virtual use in the space and the way that they act as if they are the silicon valley gods and how

they choose to just eliminate certain tweets or post or block or throttle or shadow band and people have just about had it with these guys, we will not allow them the liability protection that they have used and now abusing. stuart: would you really like to see them broken up, i'm talking about facebook primarily, would you like to do that? >> you are going to see with google which is a monopoly and with facebook a monopoly, the approach will come from d.o.j. and the ftc to review these business models and either recommend a divestiture or an breakup. i expect that will be coming in the next year. of course we are most concerned about how we protect americans and their rights in the virtual space, my friends across the

aisle are more concerned about antitrust and breaking these companies up. it is going to be a very eventful year when it comes to technology policy and my hope that the ceos will realize they need to be working with us when we have a hearing, they need to come in prepared, i should not have to go into chief mama in charge and schooled them for the way that they have such a lack of respect for the american consumer who is using their platform. stuart: thank you for being with us today, i know you're very busy but it's always a pleasure. speaker pelosi, let's go on with this, speaker pelosi lost big time, instead of winning more

seats, they sell the majority cut to the lowest number since the early 1900s, serious repercussions from that, the speaker has lost her leverage, she is not going to get a big spending bill and she will not be able to bailout new york, new jersey, california and the repercussions from that are huge. also, the party is badly split between socialist and so-called moderates, unity was the speaker's weapon, it is not there anymore, this week they choose their leaders, currently pull oc, james clyburn, all in their 80s, democrats in the house not victorious, they are challenged. that is my point of view, that is my opinion. on the market this morning, not that much movement, up 100 for the dow, up four for the s&p in a tiny fraction for the nasdaq. let's look at goldman sachs,

interesting story, their huge investment on wall street they are preparing for a round of layoffs. susan: the second time in three months, multiple reports including fox business that the new round of layoffs will be a 400 job cut in the bank started in september and the first round and expect much more and higher numbers of cuts in the coming year according to bloomberg, one of the largest of goldman sachs and u.s. bank and goldman pledged and they said this was coming but they put a hold on it because of the pandemic and the covid lockdowns but now back to and goldman says they want to cut around $1 billion and that means cutting jobs as well and it's not just goldman sachs, 60000 bank jobs have been cut so far this year and that's likely to go higher into next year. since tech is now taken over, you need to go into bank branches, for you may be but for most people the acceleration of mobile banking has taken place.

stuart: i do a lot of things on the phone banking wise that i never did before. susan: in your not cursing at the phone? stuart: of course i am. i have busted a couple of them. president trump spent the last four years cracking down on illegal immigration, tried to on six ray cities and states, what happens when joe biden takes over, guess who is going to answer that, tom homan, the man in charge back after this. ♪ to support a strong immune system,

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stuart: immigration and customs enforcement ice looking for a new contract with microsoft and amazon. susan: it's worth $100 million over the next five years, it could be worth tens of millions in new business to the tech giants, it is nothing to them, it's a lot of money to pay your employees but at amazon and microsoft they face internal revolt because they have been working with ice, two years ago more than 100 microsoft employees to tell them to stop the ice contracted protesters on

the amazon web services conferences, they had lots of protesters showing up in new york city to protest their work with ice and even google facing employee revolt internally because they have been working with artificial intelligence and pentagon and project mayhem. stuart: them a fifth column inside those cavities, that's outrageous. the administration moving to limit work permits with immigrants with deportation orders, still coming down on them, come on in tom homan form ice director, the putting pressure on illegals that president trump is still the president but what happens when joe biden takes over? >> i assure you joe biden will undo everything president trump has done and what he has done with work visas, these are people in here illegally, they had their hearing in front of a judge and the judge said you must leave the country were waiting for the country to send

travel documents. we have millions of new u.s. citizens out of work because of covid in these jobs need to go to americans they are here illegally and need to leave, president trump is doing the right thing protecting american workers in enforcing immigration law which joe biden seems to want to ignore. stuart: what happens in the sanctuary cities in a century state like california, i see an influx of illegals to those states and cities and we have to pay for them, is that the way things are going to work out? >> absolutely, th, the inter-tot the century city, they can even commit a crime in that city the law enforcement agency in the city council has policies in place, they're not allowed to work with ice, you can have somebody entering illegally sitting in county jail and eyes can drop the butane are.

where would i go, i would go to century city, where all be taken care of and the taxpayers will fit the bill just like for your medical care and the entire separation, it is an open borders agenda that joe biden promises he will fulfill which shocks me, he voted for building barriers, when he is vice president, we will remove 409,000, record for the agency but he turned his back, he sold himself off revolt and power in this country is in for a rude awakening starting in january. stuart: i'm glad you made time for us, we always appreciate it. i hope you will see us again soon. the big board shows again for the doubt of 82 points, we will have more "varney" after this. ♪

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head to aerotrainer.com now. aerotrainer's unique design allows for over 20 exercises for a total body workout, all while maintaining safe, correct form. now it's your turn to lose weight, look great, and be healthy. get off the floor and get on the aerotrainer. go to aerotrainer.com, that's a-e-r-o-trainer.com. stuart: ladies and gentlemen, this is our favorite story of the day. that is a picture inside of the french laundry, with which is extremely expensive restaurant in california. the gentleman on the left is governor of california, no mask, in a crowd, disowe paying his own rules. love that. susan: paying $1000 for two. three star merck lynn. you have to wait months in advance. $1000 without wine. stuart: don't you love to see the elite dining out at 1000 bucks for two, drinking it up, disobeying their own rules.

makes me three up. don't forget to send your "friday feedback." send comments, videos, email if you like, varneyviewers@foxbusiness.com. post on the facebook or twitter pages. all kinds of ways to reach us. just reach us. give us the good stuff. time up for me, neil, it is yours. neil: not so fast, stuart, i have video of you at an ihop. stuart: that's good. neil: i didn't want to embarass you on air. but there. thank you, my friend. we'll wary on here the next two hours, corner of wall and broad. we're up 82 points. a lot on promise of 95% plus efficacy rate. moderna vaccine, what you heard out of pfizer and biontech that is buoying the markets. with reports others might come around the bend. j&j among prominent names mentioned. they couldn't really give you a date. but they are on the crowded runway. so all of that is