>> thank you, mark and john. that does it for us. mr. barney is up, stuart varney, "varney & co.". take it away? stuart: good morning. we are bringing you the show as well as do from the heart of new york city, but i have to tell you this city is in bad shape this morning. the schools are closed. 1.1 million students, 80% minority, 74% disadvantaged. these students have already lost the best part of a years worth of their education and their parents are now scrambling to take care of them. the mayor of the city is at war with the governor of the state. they rarely been talking the governor lost his temper with reporters when questioned about the city and the

statewide restrictions on thanksgiving celebrations. we will show you the exchange. chaos in the city in the state. do as i say, not as i do we have been hearing a lot of that and rightly so because there are so many examples of democrats especially very rich democrats breaking the rules they impose on everyone else. now, we find california governor newsom dined with health officials and lobbyists, no mask, inches from each other breaking his own rules. there's the mayor of philadelphia squeezing in indoor dining hours before he banned it. thanksgiving is one week away. how will america handle the lockdown when our leaders do what they please? that's the same throughout the show. not that much movement in stock prices of this morning with two days of decline taking the dow jones well below the 30000 level. not much movement at this point. there is vaccine news.

phase two of the astrazeneca vaccine trial shows a strong immune response in older people, good news. it uses different technology from pfizer and moderna so multiple lines of attack are being developed and that is good news also. you want to stay for this. at 10:00 p.m. eastern the latest on existing home sales, the key indicator for real doors florida, hot market. i put a house there up for sale yesterday and it sold for the full asking price within one hour of going on the market. i'm a happy guy. "varney & co." is about to begin. ♪ stuart: yes, that is new york city.

take me out, as we say, perfect setting for this story. new york's governor andrew cuomo just lost it on a reporter after he asked a question about whether or not schools are open in new york. just watch this. >> first of all, let's try not to be obnoxious and offensive in your tone. if by the states numbers , you hit 3%, the schools close. what you talking about? you are never going to override-- we did it already. that's beaumont! orange zone and red zone , follow the facts! then you are confused. >> parents are confused as well. >> no, they are not confused. you are confused. read the law. stuart: i will answer the reporter's question, public

schools in new york city are closed to today. students are back to remote learning at least through thanksgiving. it's appropriate we bring in doctor matt mccarthy who speaks for the medical community this morning. doctor, you disagree with this closure of new york city schools. >> i do. at the optics terrible. the bars and agendas in new york city are open while the schools are closed and they don't have to be closed. 3%, seven day rolling average metric as the mayor created is into some official guidelines were schools across the country around the world need to close. is an arbitrary threshold created over the summer when we didn't know if schools were super spreaders. turns out they are not or could new york city has been a great success story with public school, random sampling of testing shows presented positive in schools is only 0.19%.

it's a far safer to be in school than just about anywhere else, so i completely disagree with this decision. is doing our kids a disservice and i make sure to make the discretion here that private schools are still open because they know that this 3% metric is a threshold that has no basis in science. it's simply a decision that could easily be reversed, so yes, kids are falling behind. we talk about how they fall behind over the summer with summer slide , this is now a covid slide and i strongly encourage the mayor to reconsider this stuart: do you think that is likely, sir? >> i don't. they seem to really be concerned with targeting flip-flop errors and do want to look like they are going back on their word, but we see the american academy of pediatrics coming out saying remote learning is not the same as in person learning and we

see this a big cities around the country, boston, philadelphia, washington dc. this is a mistake and i encourage people to look at the data and say, a decision we made over the summer may not reflect the facts on the ground in november. i don't think we will see the classrooms reopen anytime soon. you know, the word coming up yesterday was chaos and the idea that i've heard of doctors floating around is, should they have learning cause in gyms and bars because those are still open and so i feel really bad for the public school students who are caught in the middle of this. again, there's no cdc criteria or data suggesting 3% positivity is a requirement to close schools. stuart: doctor, thank you for joining us. always appreciated. >> thank you. stuart: news on astrazeneca with good news on their vaccine. the stock is up a fracture, but lauren, tell us the good news. lauren: phase two trial and it

showed their vaccine is a safe and produced a robust immune response in healthy adults over the age of 70. that is a key breakthrough. what they have not figured out is the effectiveness, 95%. that is the goal of the current phase three that is ongoing with astrazeneca. those results are expected by the end of the year. one more limitation on this vaccine trial, as far as the demographics while we have older americans enrolled, they were mostly healthy and mostly white so researchers want to see that broadened. stuart: thank you-- wait a second, johnson & johnson? lauren: the vaccine news continues. readers is reportedly will file for emergency authorization for their vaccine by february, so they are few weeks behind moderna and pfizer but it's a different type of vaccine johnson & johnson is using the one

shot vaccine, which is preferable because it you do mass vaccination particularly in remote areas it's easier to keep track of one dose so you way could come by february 4j and j. stuart: and you don't have to worry about them coming back for the second shots if it's just a one-shot deal. thank you. but the rest of the vaccine makers on your screen. vaccine progress is clearly good for the overall market. let's bring in d.r. barton. is it vaccines that make you and a lot of other people bullish for 2021? >> i think it's one of the big keys, stuart. when we get people doing their regular commerce, back being among people as you were talking to the doctor about clamping down on schools and bars are actually getting some restrictions, not closed about once we do those

things that's a very good thing i don't think it's the only thing pushing the market up, stuart. we have resurgence in retail. we are seeing a lot of other things coming back from where they were and retail higher than it was pre-covid. there is a lot of good things including a lot of money on the sidelines pushing the that. stuart: there is something called investor intelligence and that's a publication and it shows 60 to 18, 60 bull, 18 bear , huge discrepancy and when everyone says stock is going up and everyone is bullish don't you get a little nervous? >> yeah, we talk about that, sentiment analysis and when sentiment is too far and side of the boat, the boat tends to want to write itself, but if you look at those numbers over the rock long-term we can get overly bullish and stay overly bullish for a good amount of time.

it's when you get really really bear that you tend to get snapback so even though we have regular retail investors and some and professional investors really excited, that can keep going for a while. there is my bet, to keep going a while especially into the end of the year. stuart: tell me about walmart. i know it's been doing extremely well. do you think it's going further at? >> i think it has just broken out to all-time highs after the earnings report. this little to day pullback is a great place to buy. they have been killing it for a long time and getting automation for stores, treating people with their employees they have a grade-- great strides including retaining them but their e-commerce numbers they said they contacted three to five years worth of growth in the e-commerce in three or five months, up 79% year-over-year this quarter 97% the previous

quarter and again, 74% the previous quarter before that, three quarters so far this year above 70% in their e-commerce growth, so they are really doing very well in that game and one of the true competitors is amazon. stuart: walmart, 149 premarket this morning. thank you. we have other retailers which reported this morning. via bj's, macy's, l brown, susan will run through them and we start with macy's. susan: not good for macy's as they are selling off after a sale drop of 20% in the quarter. that's a lot. shoppers are buying less clothing at this carpet stores at least took the good news for macy's is online and mobile up by over a quarter, 27%, but not enough to offset losses at the store's. also bj's rallying in the premarket-- at least it was.

better sales, better profit, profit doubled from the same time last year. arenascovid economy where unemployment is high buying bulk is a trend helping bj's and other favorites like cosco. another big mover, victoria's secret owner l brand. we usually like to roll the video that comes with it. making it 10 times more money than wall street anticipated from july to september. scented candles and body wash making a lot of money for their bath and body works. stuart: scented candles are a big seller? susan: yes had not the lingerie. approval this morning from investment bank with target high price of two next $60. j.p. morgan says $53 stock. stuart: here's what we happy for you on the show it's a big scop one new york sheriff refusing to enforce governor cuomo's holiday restrictions. watch this.

>> when you try to authorize by executive order that we can go to someone's house, people and take action, that remedy is greater than the wrong of having people gather because frankly i have faith in people in my community. stuart: that was sheriff richard giardino and he joins me next hour to explain what he's doing. trump supporters were attacked, targeted after marching in dc. kentucky congressman is speaking out defending them and he's going to join me with some breaking news on that in a couple of minutes. verse, one more check on the futures. lots of red ink but they won't be down that much, down maybe 604 the dow jones. we will be back. ♪

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stuart: not much to show, a lot of red ink the indicators are not going down that much. modest losses. i went to see uber, their stock has been doing well, premarket 49 and susan-- wait for it, susan will tell us about new hire target. susan: it was up 2% in the premarket and may get there during the regular session. it's a set it's worth $60. uber has never broken out of the 60-dollar range. $60 of would be incredible, a 20% gain from here and i have said a reopening next year will be good for

uber, still trying to recover for its ride hailing business and said it was still down 7% in september, but that's better than 70% down in march and april. i said uber will be back to pre-covid levels by early 22 need to. reports a uber has been shopping around its self driving unit, that's a-- self driving unit, $7 billion. they said they will fund it internally or externally, but nothing about selling it right now. stuart: you are talking about a $7 billion infusion, that will help your stock. susan: it's been helping test list so you imagine it would help uber as well. stuart: what started as a peaceful march for president trump quickly turned violent over the weekend. we warn you the next video with may be tough to watch. roll it, please.

stuart: that's disgusting and joining us now kentucky congressman james comer. what are you going to do about this? >> as the top republicans on the house oversight committee which has jurisdiction over washington dc, we are demanding that the democrats call for an immediate hearing. and for choi, stuart, this is a pattern. the same could have been witnessed by your viewers walking out of the president's acceptance speech at the white house the night he accepted the nomination for the republican nomination for presidency. mayor bowser consistently turns a blind eye to peaceful republican assemblies in

washington dc. washington dc should be the role model for the world in peaceful demonstrations, so she has to be held accountable and we are trying to get democrats to do their job. stuart: you want to know the full story mean silence from the authorities refusing to address what is simply violence against trump supporters. you want that out there lay blame on someone for not doing anything, i mean, you have written a letter. you are asking for full accountability. what is the mayor going to do? >> you know, it's another example of the democrats have hocker c. members of congress they don't have to worry that much doubt about washington dc police because they have the capitol police force to take care of them. if they had to depend on the washington police force i think they would take this more seriously and make should be considerate of business owners, tourists and the example we are setting for the world by having

this lawlessness especially with respect to conservative peaceful demonstrators. i think what we are trying to do is make sure the world and knows it's another example of democrat hypocrisy. this oversight committee has probably had more hearings over the past two years than any committee in congress even on subjects like climate change where we really don't have jurisdiction, but we have jurisdiction over washington dc. we are the check and balance of washington dc yet when you have examples like this being shown worldwide, the democrats sit silent. stuart: we should have honesty because we don't want to export violence or could they attack trump, attack, we don't want it. bring out the truth. congressman, pleasure having you on the show and we wished-- we should best of luck. >> thank you. stuart: i'm going to show you times square, new york city. one week before thanksgiving. no tourists.

that places just about st. we will have more in matter of the program. showing you futures because we are down across the board, but not much of a selloff. we will be back, take you to wall street after this. stay with us. ♪ 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. ♪ birds flyin' high, you know how i feel. ♪ ♪ breeze drifting on by you know how i feel. ♪

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call the number on your screen or go to healthmarkets.com call now. stuart: the futures still showing a minor loss for the dow jones, s&p and the nasdaq. brian belski joins as. brian, i know what you are saying, telling us do not sell tech and do not chase energy. .-ellipsis, so where are you putting your money thanks for having me. >> we went to be diversified. we want to own a lot of different stocks in different industries in a lot of different sectors. we said before the stock market is a market stocks and we think investors based on what we see and especially really centered around the last two or three weeks making these binary decisions, buying and selling and moving into growth and then moving in valley, cyclical, my come back

to that would be whatever. i think you want to be more diversified. you want to neutralize your tech position, maintain them, you should not be selling them. win we have seen these periods of weakness, we continue to buy stocks like apple and microsoft and we continue to buy netflix and google and maintain the positions longer-term and maybe dabble of it in the banks, but the energy move, we question with respect to the longer-term fundamental wherewithal especially us energy stocks. stuart: i quoted this before, investor intelligence, 60 balls to bears. when everyone is bullish like this some people get a little nervous. you are the bullish brian belski. are you a little nervous when everyone else is joining your camp? >> i don't know if everyone else is joining my camp and i question surveys.

air just like polls and we know what happened with the polls. i think the best gauge of what a client is doing is actually talking to the client and when we talk to clients around the world they are doubtful, they are bitter about the market, the majority of them missed it and that's why you are seeing outside moves in either direction. i don't buy the investor intelligence survey numbers at all. stuart: but you are still bullish? >> still bullish and remember we think we are in a 20 year bull market ended the market has been unbelievable this year in terms of resiliency and speaks to the fundamental condition of the us stocks so we say stay the course. stuart: only reason i would sell my microsoft is if the senate flipped to the democrats. with that, all bets are off and i'm sure you would agree, but brian i'm sorry to tell you i am out of time with a marked opening and i have to go. mr. brian belski, come back soon to its

thursday morning. they stand in front of the bell, they clap and for five or 10 seconds and in three seconds they will ring the bell. thank you very much. right on target. i think they have the same atomic clock we have. 9:30 a.m. eastern time. we have opened down, 90 points with just a few of the dow stocks open. mostar open a lower down 100 right now, one third of 1%. that is the dow jones. s&p 500 lower, won the third of 1% precisely. the nasdaq is opened and it is down .17. across the board, we are down, but not that much. we have news on square shop a fight and tesla. they are all moving and susan will go through them. susan: jack dorsey payment

company investing $80 million into an italian mobile payment out, a fast-growing platform on the european side. it will help squares of business across the atlantic and we known dorsey is a visionary first to recognize the opportunity when providing mobile payments and using bitcoin so when he makes a move like this you have to pay attention in the market seems to like it. stuart: shop a feisty to the second largest behind amazon. stuart: second-largest? susan: yes, based in canada with a lot of market share. the reason why they are up as they are partnering with alibaba payment system allowing chinese shoppers 1.3 billion of them to be able to spend at the stores that use their technology so that is a lot of spending dollars that could use that you could use if you use their platform. stuart: i did not know it was right behind amazon.

susan: second because amazon dominates. stuart: let's go with tesla. susan: after a 20% today rally tesla up again today after we started the week with the s&p 500 saying it would finally include the stock and morgan stanley yesterday calling tesla eight by worth 20% from these levels and by the way that makes elon musk 10% away from overtaking bill gates as the world's second richest person behind jeff bezos. tesla and space x combined are now worth $500 billion and the technology creating electric car companies all at the same time, he's worth half a trillion dollars with those two combined entities. stuart: and you have the boring company. susan: i haven't even included that and neural link, chips in the head.

stuart: to think i want dismissed him as a show man. susan: i think a lot of people did. stuart: it many years ago. susan: he is a showman. he likes the attention, not a normal ceo. stuart: someone said to him if there was one alien on this earth masquerading as a human being it's elon musk. susan: i believe that. stuart: a look at the vaccine makers, more good news. good news from bio intact. susan: their ceo said we knew the fda request for emergency use authorization was coming soon, well he says it's coming tomorrow. they have the two dose vaccine with pfizer with the 95% of fix-- effective rate. we are moving fast hairpin johnson & johnson is looking to get the green light for their one-shot vaccine around february. astrazeneca and oxford university they are

vaccine has a shown promising immune responses in healthy older adults who have fewer serious side effects than younger volunteers, believe it or not. that came from a peer reviewed analysis, which says a lot so they are in phase three right now with astrazeneca. stuart: we are making real progress with vaccines and treatment. that's very important. you have a story here on lysol that-- in no cleaning people that soon they might see sales drop off. what's going on with that? susan: because of the vaccine. you don't have to disinfect everything all the time. jeffries is saying there maker, their good fortune is bound to fade next year. they blame the vaccine, but they also blame these lockdowns. people are staying indoors more, we are

talking to other people as much so it could mean more mild flu season which is also bad for the maker of lysol and they downgraded them to underperforming in the stock is down 1%. stuart: i think that's a bit of a stretch to be perfectly honest lauren: my kids haven't really gotten sick and my little guy, this is his first year in school and usually you get sick all the time when you put a kid and school for the first time. i'm knocking on wood, but so far so good. stuart: here's a commercial for lysol, i think it is. lauren: no, i actually don't even use it i'm just saying a mild flu season could be a good thing, but a bad thing for lysol stuart: glad to hear children are doing well. now let's talk about starbucks. they are giving all their employees in the united states a raise, and actually will tell us how much. ashley: good morning. all baristas and

supervisors will get an increase of at least 10% employees with at least three years of continued service will get a minimum pay bump of 11% and also all employees stock rates will have an increase of no less than 5% in the premium starbucks pays above minimum wage in every market will also see an increase. all around, getting a pay raise. that pay hikes come as petitions are circulating online demanding the company raise its starting pay to $15 an hour. the newly announced raises will rollout across the us by december 14, just in time for christmas. stuart: thank you. show me the chipmaker nvidia, down just a fraction. did they have a great quarter? susan: record quarter, but the reason the stock is down, and they were lower than this, but sales for datacenter chip was

going to drop this court a because chinese customer stopped buying. it was a small short-term issue. i call it profit taking because the stock has doubled so far this year record quarter. it shows business continues to boom. we are talking about what it does best which is graphic chips, pies price target hikes this morning all going to stocks $600 or more and the big question is will it be able to close and when the $40 billion acquisition of arm holdings, the chip designer that goes into iphones, ipads apparently making it difficult to close but nvidia says it hopes and early 2022. stuart: thank you. show me so no space, please. talk about being way of, 23% higher ashley, explain c3c3 good

earnings, everything good, the fancy speaker making exceeded expectation because people spent more time at home during the pandemic listening to music and the coveney also providing guidance that was better than expected hence the 24% gain. revenue in the last quarter game you close to 340 million and they also release the number of household increase i should say, number of households by 20% year over year to nearly 11 million. the company also launching new products including a high-end sound bars. the only fly in the ointment has been maintaining inventory to keep up with demand which i guess is not a bad problem. stuart: i will take that problem any day. thank you. it's a growing pattern, democrat leaders caught red-handed breaking their own virus rubles. the media relentlessly when after the trump administration for no mask, but with these democrats, no mask.

where's the media now? lara trump will be here and she joins me in the 11:00 o'clock hour with her reaction to it is we can't get enough up, a mask a governor gavin newsom without a mask in california dining indoors can see up with the top medical lobbyists, breaking all the rules. silicon valley top tech titans as they say packing his bags and headed to miami, florida i can't guess why, that we will formally tell you after this. ♪ ♪

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on the screen with the dow jones down 100. now, we have this on google: they are getting bigger into banking. hold on, susan. is this google pay? susan: getting a makeover and expansion. how did you know that? as includes money transfer where you can send money directly over google pay and the app allows you to connect to your bank account so you get a searchable overview of your finances, good tools for financial planning, expense tracking. next year you can even bank with google so if your j.p. morgan and bank of america you should be watching for these big tech companies getting into banking. stuart: if i put google pay on my phone and i flash it over a reader and a buy something, who gets a piece of that price? susan: google does. they are acting like a financial bank, but also it's interesting that

you are getting into this a mobile banking. stuart: i didn't say that. just asking a question 32 yes, you are. admit to it. stuart: let's talk bitcoin. bitcoin did indeed cross $18000 just the other day, first time since december, 2017. bright now 17980, up on the day and the gentleman on your screen is rich rosenblum, a bitcoin guy. rich, is bitcoin now the new gold? >> stuart, great to see you. there are clear similarities, both are commodities and they both perform strongly in 2020. there's also stark differences. technological element is the most obvious with bitcoin more technologically savvy than gold but the most interesting differences

bitcoin is not only much younger market's or its participants. stuart: we can now actually use bitcoin as a currency, a medium of exchange. you can buy things with it-- is a paypal? paypal. that must be a huge impetus for bitcoin and its price? >> i think that's been a game changer because everyone knows everyone is waiting for real adoption, not just speculation treating it like an asset, but to use it as a medium for exchange so those components are helping the market rally. stuart: i have talked to some people around the studio that are thinking about getting into bitcoin now and someone said $18000 a coin, close to the all-time high, where's the upside, all right, where is the upside? >> i think the sky is the limit's. while the market could go anywhere in the next

few months, i think in the long term it's going higher. look at it: seek to gold and like you said there's a real use to it , not just to sit there and store of value and i think it means we could get into the hundreds of, plenty more upside. stuart: you can't cloth over a number like that. you think we might get to hundreds of thousands of dollars per bitcoin. is that which you said? >> i do. gold is over $10 trillion in bitcoin is roughly 300 billion so to get to equivalents see it would be 30 times the price so i think it's easy to see 10x in the next few years. stuart: okay. you have us going here, rich, i mean, that's food for thought. thank you. come back again. we will start covering bitcoin more aggressively. thank you. susan: that was me because back

in 2017 december, we hit the record high of 20000 and where do we go from there? it went back to 4000 or so so there's a reminder could crash and move quickly, also it's very volatile and there's not a correlation to other active classes, but adoption is key, not just paid-- paypal, but square and even robin hood now takes it. stuart: the idea bitcoin can actually be used to buy things, a medium of exchange i think you just moved to the market. susan: but, does it hold its value? stuart: that's not my question it was did you move the market or maybe richard did. $18040 per coin. now new york city is now shutting down schools again, but apparently that is something you can't ask new york governor andrew cuomo about. watch this. >> first of all, let's try not to be obnoxious

and offensive. what you talking about? we are now going to override-- we didn't already! that's the law. stuart: didn't stop there. he really lost his temper and blames the new yorkers for the surge in cases. we had the sound. we will play it for you one new york city restaurants as you cannot dine inside unless you take a covid test and you have to pay for the covid test. what's with that? we will discuss next. ♪ ok, just keep coloring there...

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stuart: forget a coat check at the door, how about a covid test? one new york city restaurants that they ese iese onerrd toat ne dinse.nsid laur it'ur n fe, fre ndenlaurnolaur i,s,50ound neo take it iou wtan t t cit cwine cne, wch whis w i an aurerastntrera nra y nrak n city ci. ryue orue pek y b cowowre pyn

tenlstestnd an aoun a n a tot s t t t d tr doon a alro piofelfe yo g in i. bsaefou b ey give g you g cockt cailsktait aid as y wait 1ai5 esgativatestses you ayou ayoowyo in. myir reactioea wea noea way wa's pwaatheche but b my secon s reactean wasn i great idea i becausero the holidays if you want to see people and have a bit of a dinner party you can't do it and city winery says it's a lifeline. the ceo says a covid-19 test is one of the only solutions to get patrons in restaurants for the next five months until spring. they need the survival. stuart: i have questions for the folks on this program, first of all to you ashley, would you pay $50 to get inside this city winery? ashley: no, i wouldn't. if they paid for it then i would pay for the cost of the food and the evening, but not $50.

stuart: susan, do you agree? susan: only if it was a three-star michelin restaurant, but even then i think they should be on the hook for the cost. stuart: how about french laundry , susan, the one that the california governor dined at. susan: $1000 for two people. i will pay for all of three of you, guys so we can actually eat a meal together. how about that? stuart: may be. [laughter] stuart: if you invite me i will come, but you have to pay for all three of us. you do that? susan: yes, 200 total. you get the meal and i get the covid. stuart: i knew it. thank you. another technology leader, we will call him a tech titan, i'm not sure he's up to that level, but at tech lever-- leader and he's leaving san francisco. susan will tell us who it is, where he's going

and why. susan: will smith gave thus it away, he's going to miami, former executive, his name is keith rabois. he lived in silicon valley for 20 years but he's headed to florida and the reason is a badly moron san francisco, often too expensive and we are seeing in accidents from these high-priced cities. stuart: one were leaving california. still ahead, brian bamberg, lara trump and tommy laron, second hour of "varney & co." moments away. ♪ this year we got creative with our dollars.

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you have and help you enroll over the phone. plans with a zero dollar monthly plan premium are available in many areas. call now and we'll also send this free guide. humana, a more human way to healthcare. ♪. stuart: great song. on top of the world. we're not feeling on top of the world in new york this morning. we have serious problems. we'll tell you about later. we have a big show. art laffer will be with us. so too the mayor of san diego, kevin falconer. andy puzder will join us. we'll talk to the sheriff who will not enforce governor cuomo thanksgiving restrictions in upstate new york. lara trump joins us in the

11:00 hour. we're looking at the ford f-150. i'm interested in that. after half hour there is a little bit of red ink. the latest on vaccines, here it is. oxford and astrazeneca say their phase two trial shows a strong immunity response. that is good piece of news. johnson & johnson expecting to file for emergency use of their vaccine. numbers of macy's, bj's wholesale. l brands doing particularly well. up 17%. it is thursday morning, 10:00 eastern. ashley the mortgage rate numbers, please.

ashley: 2.72%. the lowest rate ever in the near 50 year history of the survey. we blew the budget on the dow 30,000 graphic. really freddie mac deserves it. weaker consumer spending data has been driving mortgage rates down but you know what? housing demand is still very strong but 2.72%. you know all about the housing demand, stu, with your experience in florida. stuart: yes. and i'm going to detail that in just a moment. i think we've got another number i think is probably more important for the real estate industry. that is the latest numbers on existing home sales. hold on, susan. go. susan: blowout. 8.65 million units. the highest since november 2005. that is even higher than what economists were looking for.

that's up month on month up in october. 4 1/2% from september and get this, the median home price, 313,000. that is up 15 1/2% from last year. 15 1/2%. that is red hot real estate market. real estate makes up 20% of the real estate economy. stuart: i remember very well, 2005, 2006, the last real estate boom was taking off. these numbers are even better than that. susan: seems to indicate we're in another real estate housing boom. stuart: i sure hope so. we have one more number to give you. the conference board of leading economic indicators. that is points forward. what do we have lauren? lauren: three times is the charm. i could round this out with more good news. this number rose in october by .7% from september. 1.82 is the level. the conference board said it saw widespread improvement despite weakness from housing permits.

we discussed reports. permit part was a little bit soft. they said consumer outlook is weakening a bit but all in all a food report. stuart: thanks, lauren. time we brought in our own real estate guy. that would be mitch rochelle. perfect timing for a guy like you. seems to me we're selling existing homes at an annual rate of 6.8 million. this market's on fire! >> it absolutely is, stu, the fact of the matter the challenge there is really nothing to buy. there is less than three months supply of homes on the market. the demand is outpacing supply. that is why prices are going up. the challenges on the market, when you go to tj maxx, there are things on sale, no one will buy them. that is some of the homes remaining on the market. reality is, for some buyers there is virtually nothing on the market for them to buy. prices will keep creeping up. stuart: i saw the median home price of these existing homes

which were sold. a record $313,000. i mean i guess, the prices are going to continue to rise, right? >> there, less demanned disappeared, i literally don't see a scenario where demand would disappear. economic conditions over last few months, you would think something would swipe demand out of the market. demand is there. it will be there for a while. we can't build them fast enough. the housing starts number yesterday was good. we're building a pace of 1.5 million a year. we're selling a pace 4 million for existing homes. we literally can't build them fast enough. stuart: let me relate my personal experience. i sold a home, put a home on the market in florida yesterday at 2:30 p.m. eastern. we had an open house at 3:30. first person walked in the door bought it at the asking price. walked in, bought it.

is that fairly common these days? >> it is. i think, stu, you should have held out for more. that is speeds besides the point. what is very common. most folks don't show up for open houses. have a broker come in, face time the house, make an offer sight unseen. that is not uncommon at all. that is when you have high demanded a low supply. stuart: why don't people put their houses up for sale? if prices are rising why not? >> for the very reason they talk about, if they put the home up for sale they have to go someplace f they're thinking of buying the home they will have the same problem. if they're thinking of renting that is a different story. for many folks trading down or trading up. they're still challenged to find the next home. it is just sort of a vicious cycle but good for the housing industry. stuart: good for us sellers, that's for sure. mitch, thanks for being here on a very important day for your

industry. thanks, mitch. >> thank you. stuart: from fed chair jay powell, he says we're never going back to the old economy because of the virus. art laffer is with us. why don't you tell us how you think the economy will look on the other side of the pandemic? >> well i think surely in medicine a lot better. we have this huge "operation warp speed." that has done apraising job. the digital economy will look better as well. some of the real estate talking about homes is very correct. homes are a premium right now. the reason you don't sell your home, stuart because it is appreciating a lot. sell it for more next year than you can this year. places like central new york city where people in very tight quarters, stuff like that, i think that will be a downer for the markets going forward. i don't think inner-cities will do well. about tall buildings where people congregate en masse. i think we'll have a lot more remote working. stuart: what about the actual,

the structure of the economy? how will that be different from what we've got now? >> well, what i think we're going to see happening i think the recovery will be slowed down a little bit. it depends what the congress does in the new administration with taxes all of that. i watch everyone say the republicans and democrats should get together to agree on a stimulus package but if you don't think the estimate russ package is needed or it is warranted because the taxpayers already spent enough, they're not to blame for anything either, that is part of the negotiation as well. i think so far i think a stimulus package a big one would be a mistake going forward. i think that might lead to slower growth. i think you're already seeing some of the growth in the economy slowing down a little bit. stuart: that might be what we're going to get because the democrats approach to the pandemic is, basically, shut it down and then have the taxpayer pay out industryies negatively affected. that is an enormous amount of

money being shelled out. that is their plan. >> huge. stuart: if you do that you say it doesn't help the economy, it slows it, is that right. >> no of course it doesn't. government spending is taxation. you can see it simply. two people in the economy, just two people, a and b, b gets unemployment benefits, who do you think pays for them? a. stuart: okay. >> government spending is taxation and it really does slow the economy down. now there is some periods where you do want some of the spending, for example, on medicine and others, people who really can't help themselves, those people you for sure want to do it even though it does slow the economy down but these huge megatrillions of dollars spending bills they will do nothing but he slow the economy down going forward. stuart: what is the difference between a big megaspending bill from congress and the federal reserve printing trillions and trillions and trillions of dollars which is exactly what they're doing? are they slowing the economy? >> they're not actually printing millions and millions and

millions of dollars. what they're doing is buying bonds creating deposits at the fed. purchase of a bond for sale after bond which nets to zero which increases liquidity in the system. it is totally different than government spending. it is increase in the monetary base which increasing fed liabilities and fed assets at the same time. almost exact same interest rate so the fed increasing liquidity in the system i think does make for a much easier system to not let illiquidity morph into insolvency. that i think makes some sense but the spending stuff doesn't make any sense, not to me. targeted spending yes, not this trillions and trillions of stuff. stuart: art, we do hear you explain things very well. we'll talk to you real soon. thank you, art laffer. >> thank you very much, stuart. my pleasure. stuart: quick check of the market. did the real estate news make any difference to the dow? no. it is down 50 points. nasdaq up quarter of 1%.

very little movement in the s&p. and now this. we have another example of free speech threatened. during the hearings into social networks democrat senator coons suggested that twitter block any posts from climate deniers. ah yes. if you're not fully on board with climate action there is no place for you in the national dialogue. that is the way the left sees it. i have no sympathy with social networks that deliberately interfered in the election by blocking conservative opinion and i have no sympathy with politicians who try to kill debate. answer this one, please, who qualifies as a climate denier? if i think, for example, if i think that the green new deal is pure economic nonsense, am i going to be blocked? if i think a goose lien gasoline powered carpetter than electric am i cast out? in my property upstate new york, they will try to build 700-foot

tall windmills to produce wind power. they are as ugly as sin. an eyesore throughout the beautiful catskills. if i say that, am i blocked? we've had four years where the media and social networks have suppressed debate. if you hate trump you can say whatever you like. but if you like him and his ideas, you're censored. enough of this, please. climate is an important issue and there are many points of view. they should all be part of the debate. neither senator coons nor twitter should be blocking anyone from that debate. free speech is again on the line all right. what have we got? on the screen, there you go. i'm not quite sure where to go. we're going here. democrats breaking their own mask rules? it is another example of do as i say, not as i do. we'll have lara trump to discuss that in the next hour. it turns out medical officials were among the guests attending the dinner party with california

governor gavin newsom. no mask. getting close together in a crowd. mayor of san diego coming up to discuss that picture. in new york governor cuomo slamming police officers who are refusing to enforce the state's strict limit on thanksgiving gatherings. we have a new york sheriff who will speak out against governor cuomo and he is next. ♪ businesses today are looking to tomorrow.

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i don't want a law enforcement officer who says i'm only enforcing the laws that i like. i violate the law but you can't. no. nobody said you were above the law. stuart: that's governor cuomo of new york obviously slamming police officers who won't enforce the state's 10-person limit on thanksgiving gathers. my next guest is one of those police officers. he is the sheriff of fulton county, new york state. sheriff richard jardino. sheriff have you heard directly from the governor yourself? >> i haven't heard from the governor or his office. i thank you for the opportunity to be on this morning, stuart. stuart: what are you going to do on thanksgiving day? i give you a hypothetical. you're driving around your district. you're in a squad car. you see a house with ton of cars. it is obviously they have a major league gathering right there would you go and check

them? >> not at all. my position is, i'm not against the governor. i'm against his executive order. i think it is unconstitutional of. i can explain why. so i'm not going to stop, if anyone is outside, i will wish them a happy thanksgiving. tell them to enjoy well-deserved time with their family. i have a little different view of people in our state and our community. i think they're smart enough to determine for themselves after eight months of listening to all the precautions, all the risks, they know they have to take care of themselves, social distance, wear masks. they know the high-risk people could be family members. i know they take precautions for them. what turned the tide, the fact this is the first executive order targeting individuals in their own homes. stuart: yeah. >> i have to explain, before i go into the constitutionality or unconstitutionality of that, i explain what the governor could do. he can regulate business. he can regulate bars, gyms, and restaurants with an executive

order. he is confused i think because an executive order is not a law. it is just that. an executive order. so there is no sanction that comes with the limit of 10 people. but what i mean by regulating the restaurants, for over 100 years, the courts have held, including the supreme court, that in terms of public safety, the governor, or the president can limit some of your liberties to prevent the risk of harm to the greater good. so that's why he can say, 50% capacity in a restaurant, or he can say close at 10:00 or he can shut a gym down at 10:00. the reason he can do that is, those are public entities governed by the department of health, by the state liquor authority and other state entities. so they have a right to take your license, fine you, suspend or revoke you. in your own home is quite different thing. stuart: yep. >> it is very glad to hear your comment about the governor and california. because what is really upsetting

people across this country is do as i say not as i do. that is part of the problem across the country. so what happened here, this executive order says, you can only have up to 10 people in your home. believe it or not, people don't mention this, our executive order says you have to wear a mask inside of the house. people leave. it is absurd. your house is your castle and start there. stuart: i just want to jump in for one moment. i'm with you 100% on this, absolutely 100%. we used to have expression in england, born and raised, an englishman's home is his castle. americans i think feel the same way. one last one. this may sound off the wall. suppose you're on duty thanksgiving day you get call from someone at thanks giving celebration, the caller says hey, far too many people in this room, they're not keeping social distance, they're shouting screaming, drinking a lot of alcohol, would you go and

investigate from a complaint from inside of a home? >> a complaint from inside of a home, loud noise or disorderly in that home we would investigate. stuart: okay. >> a complaint from a neighbor that says, well i think there is more than 10 people because i see eight cars. that is not something we're going to get involved in. it is outside the home fine. but i'm not going to breach the threshold of your home without a warrant, without your consent or an emergency. executive order doesn't do that. the problem the governor, he can conceded yesterday when he was slamming myself and other law enforcement officers is that he is confusing when he is administrative, the department like the department of health, state liquor authority, he has all the power in the state to direct them to do certain things. they can enforce that but he can't tell me as the sheriff to enforce something that is not a law. because a law has a sanction on

it. a fine. there is no sanction on this. stuart: sheriff you clearly thought this through. we appreciate that. we're happy to have you own the show this morning. sheriff, see you again soon. >> thank you very much, stuart. i appreciate the opportunity. stuart: sure thing. in new york police officers were not the only people the governor lost his patience with. lauren, who else did the governor snap at? lauren: a reporter who asked him a question for clarification. are new york city schools closing. governor cuomo got downright hostile. watch. >> first of all, let's try not to be obnoxious and offensive in your tone. if by the state's numbers you hit 3%, the schools close. what are you talking about? you're now going to override. we did it already!

that's the law and orange zone and a red zone. follow the facts. reporter: still confused. >> you're confused. reporter: parents are still confused as well. >> they're not confused. you're confused. reporter: no, i think parents are confused as well. >> read the law. read the law. lauren: i'm confused, stuart. so new york state and city use different positivity rates. which one are they using to determine that? schools are closed today. can the governor, will the governor, override the mayor's decision? everyone is looking for answers. 300,000 schoolkids are now home indefinitely. some say the governor was condescending. some say that was close to a mental breakdown. stuart: man, what a situation. this city is hurting. lauren: right out after mafia movie. stuart: oh, careful. thank you, lauren. lauren: gestures. stuart: okay. there is a payment company which i've not heard of, it is called

affirm. there is another one that will go public. susan: popular startup. it was founded by pay ball billionaire max lifkin. the company is called affirmed. offer loans to customers at peloton and walmart, others. you don't have to buy the full bike. you can get loans to pay a portion after peloton? does that make sense? sales are almost doubling from last year. lasts have narrowed as well. we know the affirm is part of uncorn race of ipo. think of airbnb. doordash. firm is trying to raise cash. traditional ways of banking payments is done. newer a a the inflection point is year of covid. even moving to mobile on-line banking that is something. that is a trendsetter right there another successful online payment company is square. jack dorsey is one of the big disruptors.

he is a visionary. he is investing eight million dollars into a italian payment app that expands in europe. when jack dorsey does something pay attention. early adopter of bitcoin, one of first to offer local payments for small businesses. jpmorgan, bank of america, you're concerned about your business going forward. you heard me tell you can get a loan from affirm, online payments company, right? you don't want to wait in line anymore. stuart: if you know how to use the technology it is available, quick and easy. that is a big deal. people like me i have a hard time using the technology. it is just an age thing. you knew that. still to come, big show, "wall street journal" guy dan henninger is with us. he argues that republicans had huge gains in this election. he will make his case in the next hour by the way. bernie sanders pitching himself for labor secretary under president-elect joe biden.

watch this. >> i think something like secretary of labor would be a very attractive position. it would give me the opportunity to fight to raise the minimum wage, to a living wage, equal pay for equal work for women. stuart: attractive for who may i ask? a lot more on this. it is coming up on this hour of this program today. ♪ ♪

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emergency use authorization tomorrow. remember that is the two-dose vaccine that has the 95% efficacy rate. one more for you. johnson & johnson they're looking to get the green light from regulators for their one-shot vaccine around the month of february. here is my question be because we have so many different countries in the race for the vaccine. what happens if j&j, novavax, next drugmaker says we have efficacy rate is 60% or 70%? which is good but compared to pfizer at 59. stuart: that is the next question. we'll cross the bridge when we get there. if we do get there. joining us now dr. marc siegel. i have what might be a strange and difficult kind of question for you. suppose i get the vaccine. i take the vaccine. i'm not going to get the virus but can i still carry it and spread it? >> stuart, that is a brilliant

question and we actually don't know the answer to that yet but the chances are very, very high, given prior vaccines, and the way vaccine technology works that the answer is no. if you don't get sick with it this degree of response, like you take the pfizer vaccine, 170 events occurred and only eight of them were in the group that had gotten the vaccine. looks like a huge barrier against getting the virus, getting sick with it or transmitting it. i would add the word transmitting it. we can't prove that yet. by the way in the moderna vaccine those who got really sick were not getting the vaccine. they were in the placebo group. both in the moderna and pfizer vaccines, brand new technology, it looks very, very good not only that they're 95% effective but they also decrease severity and almost definitely decrease the ability to transmit it. stuart: okay, here is another different kind of question for you, doctor, are we going to be

wearing masks for as far as the eye can see? next flu season comes along, should we all wear a mask to protect ourselves and fellow americans from that? are we always going to be wearing masks? >> stuart, i can answer that two-ways. in australia i'm very impressed with the very low flu numbers this year because of the distancing and masking. so i think that learning to be a culture where we distance and wear masks has a public health benefit whether there is a pandemic around or not but what you are really trying to ask me is this, if 300 million people get the pfizer or moderna or get the, as lauren was saying the johnson & johnson vaccine looks very promising and astrazeneca is just about to come out, that has been tried by the way in millions of people in other platforms, in many, many thousands of people i should say have had tested with ebola vaccine previously, one of these or three of these or four of these will come out.

if 300 million people get vaccinated against covid-19, you will not need to wear a mask at that point in order to protect you against that, absolutely. stuart: doctor, thanks for coming on board with such late notice this morning. we appreciate it. two strange questions well-answered. doc siegel. thank you, sir. >> great questions. stuart: brilliant i would say. let's look attest say. susan: if you say so yourself. stuart: tesla up 20% in two days. best level since september, however, hold on, hold on, there is another electric car company getting ready to go public. susan: good timing for a rival. there is a boom in electric car companies which are favorites of robinhood traders. electric van, bus maker, backed by blackrock, via another favorite trend this year called a spac. which is a blank check company. investing 400 million, $500 million into a rival.

according to the enterprise value of a rival come binded five or six billion dollars. i said this year is a boon for electric car companies. nio up 1000%. as we know elon musk gets richer and richer and richer. he is 10% away from overtaking bill gates as the world's richest man. stuart: all money pouring into electric cars, gm, ford, chrysler, mercedes. susan: playing catchup. stuart: look at harley-davidson. they have a new week. are you going to reveal it for us, ashley? ashley: i'm indeed. there is no throaty roar of the engine. we're talking about electric bikes, harley's cereal one e-bike. it was a division spun off last year. we can bring up pictures. they're cool looking. get to the price why don't we. they range -- there you go. they range in price from the bottom end at 3400.

what is called and urban play bike, to $5000 for the most powerful of the bunch with a bat arery gets you to 28 miles per hour. perfect for a commute, terrorizing new yorkers trying to navigate a crosswalk who have the light. but i digress. all the bikes are pedal assisted meaning legally classed as bicycles rather than motorbikes. harley says cereal 1 bikes start shipping to the u.s. and germany early next year. the reviews so far of these bikes have been very positive. people say they look very slick and very cool. stuart: all right. slick and cool, all right. thanks, ash. media? media was all over mr. trump when he was not wearing a mask. but look at this, democrats out and about maskless. you never see that on the mainstream media. you just don't see it. we'll ask lara trump all about it though in our next hour. speaking of hypocrisy, here

is california governor newsom apologizing for breaking his own restaurant rules. roll tape. >> i made a bad mistake. instead of sitting i should have stood up. i got to own that. so i want to apologize to you because i need to preach and practice, not just preach. stuart: yeah, but what the governor forgot to mention in that apology is that he was dining with california medical officials. cheek by jowl, no mask, how about that? the republican mayor of san diego is going to join us soon. let's see what he makes of this. we'll be back. ♪

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♪. stuart: it is still a flat to slightly lower market at least for the dow and the s&p but the nasdaq is now perking upwards to the tune of a half a percent. that's at market. businesses obviously bracing for more restrictions and some curfews as well. we're going to grady trimble in chicago. you're going to tell me the state of play in illinois. go. reporter: stuart, we're pretty close to a lockdown right now with the governor telling people to stay home whenever possible and cancel thanksgiving plans and then more restrictions go into place tomorrow. museums like the iconic field museum will have to close as well casinos and movie theaters. retail as they gear up for the busy holiday shopping season, they're restricted to 25% capacity starting tomorrow. so are gyms and salons. bars and restaurants have been closed to indoor dining for several weeks now. that continues. they are allowed to do outdoor service at the moment but as you might expect here in chicago this time of year not exactly an

ideal situation. michigan has similar restrictions in place right now. the governor of illinois has even floated the idea of a second lockdown. it might be a couple weeks before he does that. he says he wants to see if these restriction impacts coronavirus number of cases and hospitalizations. stu. stuart: we hear you grade i d thanks very much. i will move on to california where governor newsom is considering a statewide curfew as he orders more businesses to shut down. this comes of course after he was caught at that dinner in a large group which we now know included california medical officials. all breaking the rules. unbelievable. kevin faulconer is with us, the republican mayor of san diego. your honor, what are you going to do on thanksgiving? are you going to order your police officers to get out and about in san diego to check up on people if they're wearing a mask in restaurants or how many people they have got at their dinners, are you going to do

that? >> stuart, i will enjoy thanksgiving with my family and follow the rules and i think to your point what we've seen in anger and frustration in california right now is with the governor puts out a set of rules and doesn't follow them himself and that is what not just in san diego but across california folks are saying the hypocrisy of this whole thing is what has them, as i said rightfully angry because as we have gone, stuart, we've talked about this before, we've gone through open and closed, open and closed. stuart: yeah. >> that has been the case in california up to four or five times depending upon the city you're in. that is unacceptable. as we continue to put this burden on small businesses, who by the way are doing the right thing, keeping their employees and their customers safe. that's what we should be focusing on rather than blanket shutdowns which is going to put so many small businesses

literally out of business in california. stuart: i got to tell you, your honor, i would expect to see some confrontations here, some non-compliance by the people of california. i don't think they're going to sit still for this kind of intervention in their homes and lives. are you expecting that? >> well, i think that is just the point, stuart, and look, to say that if you have a gathering and you can only be for two hours, i mean, when these rules don't make common sense, that is where you see the frustration. that is where you see the people saying what is sacramento trying to do to us when buy and large everybody is trying to do the right thing. and so when you put out that set of rules, you don't follow them yourselves, that is where i think it is very difficult for stuart, for all of us, as public officials who are trying to encourage folks to obviously wear masks, do the right thing but when rules come down that make no sense, that is where it gets a very, very difficult to enforce. stuart: i would like to see if there is going to be

confrontation next week. i would like to see that your honor, kevin faulconer, mayor of san diego, great city by the way. >> thank you. stuart: i want to be a weather forecaster in san diego because it is always sunny and 72 degrees but i didn't make it. >> you're welcome anytime. stuart: thank you, sir. we'll see you again soon. still on california the state is being sued by, dunkin' donuts and others over that gig economy law. hold on, susan. susan: yeah. stuart: i thought that gig economy rule, law, had been struck down? susan: well it is only for uber-and lyft that beat ab-5 to reclassify drivers as employees with benefits but not the coffee and doughnut shops. even asian-american hotel owners association is part of this lawsuit. what they're protesting is that the protesting the ab-5, so-called abc test, meant to prevent companies from misclassifying their workers in relationship between franchisees and franchisers. who do the employees ultimately

work for? is it for the franchisee or dunkin' donuts the parent company? who pays their benefits? that is what arguing now. should they pay up to the parent company itself or should the franchisee have to dole out extra payments. that is what they're trying to figure out. stuart: that law is a mess from the get-go. just awful. ridiculous. however, don't get me started. more than, no, nearly 700,000 californians have left the state since last year and they're moving to states like texas, arizona, nevada and others many tomi lahren is very worried. will they take their politics with them, liberal politics from california. going to invade texas? dear lord, heaven for bid. tomi lahren will make her case on the show. first "new york times" calling for the closure of restaurants and bars having the government pay off the owners. andy puzder knows a lot about the restaurant business and he will weigh in as they say, after

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♪. stuart: you know just a couple minutes ago we were down triple digits. now we're down 50 points. there you have it. by the way the nasdaq is rallying very nicely. up a half a percentage point, 63 points. and then there is the "new york times" editorial today calling for the closure of restaurants and bars and having the government pay off the bar owners to keep them going. andy puzder is with us. he is the former ceo of cke restaurants. he knows a thing or two about this business. what do you think about this, shut them down and pay them off, what say you? >> only areas where they should shut them down where hospitalizations are way up. if it looks like the medical facilities are getting overwhelmed then those cities or states should probably take action to try to prevent that from happening. look, these restaurants have been struggling to stay open. new york is a great example. whether reduce capacity or stay outside. these businessmen and women are doing everything they can to keep the restaurants open. if the government or state or

city government shuts down their ability to stay open, the government should open. stuart: where is the evidence that they are super spreaders so to speak? where is the he have for that? i have not even it directly. >> "the new york times" article referred to a couple of studies that aligned spending in restaurants with the rise of covid-19 cases. there is nothing out there that establishes that restaurants are anymore points for spreading the disease than any place else. we need to protect people that are vulnerable. we need to socially distant, wear masks do all the things you can to protect yourself. we're a couple months away from a vaccine. weed into to do what we can to try to keep businesses open, not start shutting them down and doing further damage to the economy. stuart: next case, bernie sanders. he says he is open, stop laughing, bernie sanders says he is open to being labor secretary under joe biden. watch this. >> i think something like secretary of labor would be a

very attractive position. it would give me the opportunity to fight to raise the minimum wage, to a living wage, equal pay for equal work for women. it would give me the opportunity to make sure that workers who are entitled to overtime pay get that overtime pay. there is a lot of work to be done in the department of labor. stuart: andy, how do you feel about a bernie sanders as labor secretary? >> i hope the republicans in congress give bernie sanders as fair a treatment when he is nominated as the democrats gave to me when i was nominated. i think he would be a disaster for the economy. he would absolutely scare the heck out of businesses. you're talking about putting somebody who once supported the communist regime in the soviet union, who thinks a lot about what happened was very positive about cuba,s have very positive about venezuela and you're talking about putting him in charge after government agency that deals with american workers. it is just, it is a recipe for

disaster. it would be a terrible, terrible thing for the entire country. stuart: andy pus der, i think we know where -- puzder, i think we know where you stand on every issue. >> thanks, stuart. my pleasure. stuart: all-star hour coming up for you, lara trump will be with us. "wall street journal's" dan hen henninger will be us. the third hour of "varney" after this. ♪

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news from new york city's mayor. he's speaking right now, and i think, susan, he's talking about more restrictions coming. >> so gyms and restaurants will soon follow, he says, according to de blasio, likely in the next week or two, they will be closed as well. all new york city schools are closed as covid cases reach 3%, so you have to really feel sorry for those parents who can't afford childcare on short notice. meantime, governor cuomo berating reporters at his press conference, again, denying there would be any school closures, and then de blasio says, yes, they are going to close. here's a look at the new york post cover, it kind of says it all, dunce caps, poor performance in the corner for both cuomo e and de blasio. disappointing a lot of people in new york state and new york city. meantime, we do have restrictions once again in the states of kentucky, minnesota, and illinois, and that is now rallying the stay at home winners we with saw during that

time period. stuart: and i think what you just mentioned and de blasio saying maybe a real lockdown is coming, i think that's affected the market. >> i think it has. it's bifurcated, some are up today, expect others that we mentioned when there have been closures at the heights in march and april. stuart: overall, a lockdown not popular on the big picture kind of thing. all right, susan. now this. in new york city, there is a rising sense of despair. it's probably the same occurring in big cities across the country, but in new york it is particularly acute. living here you hear it all the time, this place isn't coming back anytime soon. and when it does, it just won't be the same. hard it all the time. the things that make this such a great city have been shut down. theaters will not reopen until at least next summer. restaurants by the thousands are closing for good. homeless people roam the

streets. you know, you walk around here, it's almost like los angeles. and today the schools have been closed indefinitely. nothing quite sums up new york's despair like that wilting christmas tree in rockefeller center. the authorities are floundering. that is an understatement. all they've got is hate trump. the mayor of new york, de blasio, is at odds, he's at war with the governor, governor cuomo. they're both at each other's throats. wednesday de blasio arrived six hours late for a press conference. then he announced the closure of the schools, leaving hundreds of thousands of parents stuck. and largely minority children lose, what, the best part of a year's worth of education, gone. what a mess. the tourists are gone, not coming back for a long time. the middle class and anyone with enough money has skipped town. they're not keen to return to a city with rising crime. and why should the rich hurry back when they know they'll face sky high taxation? isn't it time our big cities

started to rethink the whole lockdown policy, rethink this defund the police nonsense, rethink the arbitrary closing of all the things that make cities attractive? isn't it time that democrats climbed off their hate trump bandwagon, they should take responsibility for what they propose, and they should be held accountable when the rich and powerful break the rules they impose on us. and governor cuomo should stop calling reporters obnoxious. look at this, this is the government of new york. watch this. >> first of all, let's try not to be obnoxious and offensive in your tone. if by the astronaut's numbers you hit -- by the state's numbers you hit 3%, the schools close. how -- what are you talking about? you're now going to override. we did it already! that's the law in the red zone.

follow the facts. >> [inaudible] >> well, then you're confused. >> i'm confused and -- [inaudible] are still confused as well. >> they're not confused, you're confused. read the law -- >> no, i think they're confused as well. >> read the law. read the law. stuart: the man lost his temper, that's it. brian brenberg is professor of economics here at the kings college in manhattan. brian, you're in new york city. are we about to see another full-blown shutdown? and if so, what do you think about it? >> well, i think it stinks, and based on what you just reported, it sounds like we're going to see it. and i just can't imagine anything in this city that could be more harmful, again, not for the affluent, not for the upper middle class, just as you said. they're already out of town or they're packing their bags right now if that's what they're hearing from de blasio. i tell you, right now they're packing their bags to get out of here. but it's the folks who depend on the public schools here, the

folks who 2k3e7bd on going to work, the folks who depend on hospitality businesses to make their lives work. they're sitting there right now saying what am i going to do? they're shutting me down indefinitely. i have no options. i can't leave. and there's no creativity in the thinking at all, stuart. it's these the blanket ideas. you know, think about how much money restaurants have invested in trying to find a way to stay open safely. you talk to restaurant owners, they'll tell you i put so much work and money into forgetting out a way to do this, and now i i get the political authorities telling many i'm not safe? how do you know? you've never been to my restaurant, you don't know what i'm doing, you can't trace these cases to me. that's a legitimate complaint. and for the governor to sit there and saw you're confused, too bad for you? no, all of is confused, and they're despondent because they're looking for a way forward, and they're simply getting a shutdown. stuart: i've asked this question to a lot of guests both today and in the past week. are you expecting noncompliance come thanksgiving?

resistance to these restrictions? are you? >> yeah. but here's what i call it, stuart, i call it people living their lives. i don't know people are interested in not being compliant, but they have to make a living, and they have to make a life. they have to take care of their kids, they have to provide for their needs, and they have to find a sense of happiness and joy e in this time. i mean, i'm from minnesota, you know, the governor of minnesota just told people you just can't get together with anybody period. you can't watch a football game with your brother-in-law, you can't have turkey with your relatives. just stay home, and people are saying, it's thanksgiving. i want to give thanks for the good things i still have in my life, and i want to share it with my family, and as long as all of us are okay, why can't we do that? that's our right in a free country to do that. there's no way any governor can take that away. i appreciate the comments from the sheriff you had on earlier, i think he has the most balanced approach from anyone i've heard on this issue yet.

stuart: yes, he was very articulate. brian, before you go, i just want to bring up harvard. there's a petition circulating that would ban trump administration officials from speaking, teaching or even awe tending harvard university. you're a college professor. i call this flat out the end of free speech, the end of free debate or the start of the end of free debate. what do you make of this? >> well, and it's the end of education. you know, i'm a harvard alum. i'm embarrassed often by what's happening there, especially embarrassed by this episode. i'll tell you this, the student it is who are calling for these petitions are the same ones who want to have their hand on the levers of power someday. they want to be in the ruling class of this country. and if we don't start pushing for a greater free expression of ideas in colleges, they're going to end up in those ruling positions in society, and they're going to bring that same bias against free speech there. right now it used to be universities were the safe haven for free speech. now it seems to be any place outside of universities, and all

of us better take up that mantel and stand for free speech, because if we don't, universities are going to lead us down the road of the suppression of ideas. we can't have that. stuart: yeah. some of us remember mario savio and the free speech movement at berkeley in 1963. we have to relearn the lessons of history. good stuff, indeed. thanks very much for joining us, brian. see you with soon. all right, look at the markets because we've got some red for the dow, down 100. nasdaq's down 46. not that much movement. john layfield, fox news contributor, joins us now. we've been hovering around these levels for a couple of days now. do you get a sense the market's stalling for some reason, maybe because of all these restrictions coming in various states? >> yes, i do, stuart. i think it's exactly what you said. we have conflicting forces right now in the market. we had this wonderful news with the vaccine that's going to start getting to people by the end of the year, and it looks like by march or april we're going to see some type of herd

immune i few, but right now covid is a pandemic that is somewhat out of control, and it looks like we're going to have some type of shutdowns around the country. that's really bad for the market. forget the political aspects, whether it's right or wrong. it's really bad for the economy, and i think that's what the market is trading on right now. stuart: however, i've got three stocks, i know you like 'em, and i'm going to go through them one at a time. the walmart. what's so good and where's it going? >> i think the valuation is wrong. i think you're seeing a reevaluation of certain old companies. look at general motors, it should be more like a tesla now because of electric vehicles and the new mandate that's going to come off the what looks like a biden administration. same with mgm. it's an online sports book business. should be val waited more like draftkings. walmart is exactly the same. it's a great old company. they're doing so many incredible things. the new dock in a box they have

to deal -- doc in a box to deal with health care, but also jet.com and mark lord, i think now you should see it more towards amazon which is a 69 multiple. stuart: tell me about moderna, the vaccine company. what have you got? >> i do love it, and i think moderna's going to be the most akin to pfizer. we've already seen 95% because it's messenger rna which means it's a gene-based vaccine, the fist gene-based vaccine to ever be approved will be pfizer, the next will be moderna. i'm not sure astrazeneca, you had vaccines that were cultivated, not grown in a test tube, it's not the same efficiency as moderna and pfizer. stuart: all right. we'll take your word on walmart and moderna and, john, thanks for joining us. see you soon. >> thank you. stuart: i'm still on the vaccine trail here. look at astrazeneca.

they've got a vaccine that's showing promising results with older adults. the stock is down a tiny fraction, but it's promising news from them. johnson & johnson, they've got news on the vaccine front. it's a one-shot vaccine, not like two from moderna and pfizer. this company says they're going to have approval for their vaccine, or they hope to have approval by february of next year. that's johnson & johnson. now, we've got the latest on stay-at-home winners. after all, got all these lockdowns coming at us. i guess they're the winners. >> tdoc, because of all these new lockdown measures taking place in new york, new york city, minnesota, kentucky and across america with covid cases surging, you're going to need telehealth once again. crowdstrike, you're working from home and educating from home. trillion -- and take a look at roku. we know that streaming has boomed during the heights of the

pandemic in march and april. that is continuing. and right now these stocks are gotting rebid up once again. stuart: look at 'em go. you've got this round of lockdowns or restrictions, and up go -- it's just like a yo-yo e, isn't it? >> when we started off, these stocks were flat to down, and now with the de blasio press conference that gyms and restaurants will be likely closing in a week or two, we know that's coming. stuart: big show still to come. dan henninger says republicans were some of the biggest winners in the election. interesting. first, though, critics attacked the trump family when they didn't wear face masks at the first debate. where's the outrage against democrats breaking mask rules and restrictions? lara trump has a lot to saw about that, and she's going to -- to say about that, and she's going to join me next. ♪ there ain't no excuses, excuses, babe. ♪ your mama raised you better than that ♪

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♪ if you wanna wi... [ music stops ] time out! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ ♪ ♪ >> you stay in your lane. i can understand why you want me out of the senate because i'm going to bury your agenda. you're the most radical people in the list erie of american poll -- history of american politics. i'm going to stand in your way. stuart: senator lindsey graham responding to the squad as they want him to step down over reports he is suggested georgia throw out legally-cast ballots. he calls that report beyond bizarre and ridiculous. senator graham. the trump campaign expected to hold a news conference at the top of the hour. lara trump is with us, trump 2020 campaign senior adviser. lara, do you happen to know what this news conference might be

about? >> good morning, yeah. look, this is going to be with our legal team, and they're going to lay out, stuart, exactly how they plan to move forward and show that donald trump actually won this election. stay tuned another noon, i think it's going to be interesting and insightful for people. stuart: okay, we're going to be watching that news report, news conference, i should say. lara, the media really went after you and the trump fam huh and the white house for not -- family for not wearing masks on the campaign trail, but look at this. now we've got top-level democrats with no masks breaking their own rules, breaking their own restrictions, constantly. lara, where is the outrage? i don't see it. >> yeah. well, there should be outrage, and it should come from the same folks that tried to get trump supporters, our entire family, everyone at the white house a hard time over the past six months. it should come from the mainstream media, but we know that it is going to be crickets from those folks because they're

all in the same camp, all camped up together at the dnc working on behalf of the democrats and joe biden. but when you see gavin newsom without a mask out at a restaurant with all these people, whenever you see nancy place city getting her hear -- nancy pelosi getting her hair done without a mask, it's really unbelievable and outrageous. i think the american people have very clearly seen that these folks are saying it's rules for thee but not for me. they are so hypocritical. but they call themselves out. we almost don't even have to do it. but i think they look really bad, and i think the american people have gotten notice of what team they're on and how ridiculous some of these lockdowns and not having thanksgiving, stuart, all of these things have become. stuart: i've got one more for you on the same kind of idea. the media ignored the violence against trump supporters at the million maga march. were got some of it -- we've got some of it on the air right now, and it's brutal stuff.

that's trump supporters being beaten viciously by anti-trump people. were you there, by the way, dud you see any of this, lara? >> i was not there personally. i was getting photos from friends and videos throughout the entire day. what a beautiful display of patriotism. you saw that there was not a single incidence of violence that was caused by trump supporters. nobody burned things down, nobody smashed in windows and took down small businesses. it was afterwards these folks that did not agree with the people that were showing their patriotic spirit and loving america that attacked trump supporters. and, i mean, it was horrific to watch. i think anyone who saw the videos should just be completely outraged by this. but where is joe biden, by the way, calling out these people? it was antifa that executed this attack on trump supporters. of and remember, it was joe biden that said antifa's just an idea. it's completely crazy to see

this happening. and this is infringing upon people's first amendment rights. everyone has the right to go out and if show their support for whatever it is that they want. and it's really sad whenever you see people getting attacked like this. but then, again, it's crickets from the media, crickets from joe biden who is the head of the democratic party. as he said himself, the media has lauded him as president-elect. we disagree with that, but he should come out and forcefully say this is wrong in the united states of america, this should never happen. stuart: we will see if that ever happens. all right. lara, thank you very much for being with us, as always. great to see you again, thank you. >> thanks so much. stuart: we have some earnings reports from some of the retailers. very interesting stuff. first up, bj's wholesale club. profit doubling from the same time last year. obviously, people are buying. the stock is down a little bit but not that much. macy's, whoa, they reported a 20% drop in sales. digital sales were up, what, 27%, but that didn't offset the

losses from bricks and mortar. macy's is only down five cents, one-half of 1%. how about l brands, victoria's secret owner? ten times more money than wall street analysts expected. thanks to strong sales at bath and body works, and susan's laughing at me. [laughter] that's what dud it. scented candles. now you know, up 15%, l brands. ashley, what's this, a nearly extinct brand could be making a comeback? which one? >> well, the question is could raid e yo shack -- raid e yo shack be the latest character in the walking with dead? according to "the wall street journal," two retail entrepreneurs from a miami-based venture or company called r, b bought the rights to the radioshack brand along9 with the related web sites. as we know, they filed for bankruptcy twice between 2015-2017 but still operates --

and i didn't know this -- primarily as an online retailer but still has a america of about 400 stores owned by independent dealers. well, the new owners think they can breathe new life into the well known brand by expanding its online presence. it's not just raid e yo shack, this particular company has bought a host of distressed retail outlets including pier one, dress barn, steinmart all of which, we are told, will see a big push to improve their online footprint. it'll be interesting to see how effective that is. radioshack not out. stuart: maybe life after bricks and mortar. who knows? [laughter] >> yes. stuart: all right. i've got a number for you, and it's a big number. 700,000 people left california last year. they went to places like texas and arizona. tomi lahren is worried that they'll take their liberal policies with 'em. [laughter] she's on the show, she's

worried. however, we have with us also "wall street journal" guy dan henninger. he's got some good news for trump supporters. he'll tell us next what that good news for republicans is from the election. that's new. third hour of "varney" rolling. ♪ blinded by the light -- ♪ i said, ooh --

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corvus gold, gold rediscovered. stuart: all right. the dow is now down 76, and the nasdaq is up 64. it's a mixed picture this morning on the markets. let's take a look at this one, i like it. this is "the wall street journal" op-ed that reads, hey, trumpians, cheer up. [laughter] dan henninger argues even though the president didn't win necessarily, the republican party did, and and dan henninger joins us now. you know, we like to read headlines hike that, dan. make your case, please. >> yeah. all right. well, you know, we are awaiting the outcome on the presidential, no doubt about it. but you know what, stuart? let's be honest, there were a lot of us, and i think i have to include mousse, who thought this election -- myself, who thought

this election was going to produce a. [laughter] -wing reign of idiots from the top to the bottom of government, right? [laughter] a complete wipeout. but i think the results are really cause for optimism. strong optimism about the future of the conservative movement and the future of the republican party starting with the senate. many people thought the democrats were going to come out of this election with a 54-48 majority. instead, senators that were at risk like susan collinsing in maine, thom tillis, joni ernst in iowa, they won, and unless the republicans blow it, they should win those two seats in georgia and hold control of the senate. the democrats thought they would increase their majority in the house of representatives. finish instead it has fallen. not only has it fallen, but the majority is so narrow that if history holds, stuart, nancy pelosi should be out of a job in two years after the midterm elections. in the first midterm after

barack obama got elected, the democrats lost 60 seats. after bill clinton's first term in the midterms they lost 54 seats. and there's only about a 20-seat majority now for the democrats. so i think nancy pelosi is on her way out. but perhaps the strongest piece of evidence was in the state legislatures. the republicans -- the democrats thought they were going to flip one seat or at least one chamber in legislatures in texas, pennsylvania, michigan and north carolina. they failed in all of them. republicans still control those legislatures, and they control those in most ore battleground -- other battleground states which means they will draw the redistricting maps after the 2020 census returns are in. in other words, are republicans are not heading into the wilder wilderness for a generation. -- wilderness. they have an opportunity here. tooth stuart why do you think the democrats did so badly down ballot? >> i think a lot of that has to

do with, you know, this is ab interesting question. the media, of course, in our time has become extraordinarily biased against trump, the republicans and conservatives in general. and i think they've been trying to smooth a path for the progressive, the rise of the progressive ascendancy. but they publicized what the progressives were in favor of. we watched that during the democratic primaries. bernie sanders was on that stage, elizabeth warren, the res of them. it became clearer what the democrats were in favor of notwithstanding joe biden trying to run as a moderate. and then all those protests after may 25th in cityies across the country, mostly led by left-wing activists. and i think voters at all levels of government decided they wanted to give the democratic party a timeout. they just weren't going to go that far and allow that party whose policies and practices and habits and demonstrations have

been publy sized for six or seven month, they were not going to put them in control of the united states. and as well, i think a lot of it had to do, stuart, with donald trump's policies. you know, there were so many people who said i'm not sure i can vote for the man, but i really do like his policies. and i think that policy set especially in the area of economic opportunity which was the reason he got more votes with black, hispanic and asian voters, economic opportunity still looks like an entirely viable policy platform for the conservatives and the republican party. stuart you know what, dan? you're firing me up and looking forward to the elections in 2022. [laughter] i can't without. dan henninger, thanks for being here. >> you should. stuart: see you next week, thank you. states and cities are using curfews trying to curb the spread of the virus. i want to check in with grady trimble in chicago because there's no way businesses are going to be happy with this. what are they saying?

>> reporter: no. well, chicago trued the curfew approach here, officials say it didn't do enough to control the virus, so they're introducing more restrictions starting tomorrow. but as you mentioned, some cities, states and counties are introducing curfews so they don't have to do the full restrictive measures that some cities and it states are doing. new york has been under a state wide curfew since last week. ohio starts at 10:00 tonight, and l.a. will introduce theirs starting tomorrow. finish so, obviously, this has a big impact on restaurants. some new york restaurants, they say sales have been down about 30% since the curfew has gone into place in new york state, but with it also has a trickle-down effect. think about those ride-share drivers who are used to late night rides, people trying to have a social life. those go away when those 10:00 curfews go into place as well with. on the flipside of that when more restrictions are in place, we are expecting to see another

uptick in the food and grocery delivery services. stu? stuart: oh, boy. no wonder they don't like it. thanks very much, grady, got that. now then, bank of america saws, wait for it, no word, bank of america says zihlenials are going to change -- >> you didn't read the script correctly. stuart: no, i know i didn't. [laughter] >> it's a combo of millennials and the younger gen-z, the largest group in america right now by demographic, and as they get older and richer, they will drive the economy with their spending habits going forward. so that means bye-bye to the peak era of eating meat, drinking alcohol and gas-powered cars. so investing wise, bank of america has said,-sports, payments, it can, luxury, media and those social lu-responsible informing sectors like -- investing sectors like clean energy. stay away from the cars, sea

away from meat producers -- stay away from meat producers, alcohol. that's in 11 years from here, and 9 out of every 10 zillenials will be in -- and we had an interesting conversation earlier, because i'm trying to explain con concepts of e-mers and technology to you, but when i get to your age, i'm sure people will have to explain that to me, right? stuart: exactly. older people don't always get in line with the up and coming technology. we find it very difficult to understand it and use it. just wait. >> a whole deferent language. stuart: just wait another 50 years, you'll get there. [laughter] thank you, susan. >> thank you. stuart: did you hear governor gavin newsom's apology for going out to dinner? watch this. >> i made a bad mistake. instead of sitting down, i should have stood up.

so i want to apologize to you because i need to preach and practice, not just preach. stuart: okay, look, he did say he ate outdoors. he didn't. these pictures tell a different story. he ate indoors without a mask. tomi lahren, fired up about this, and so is everybody else actually. she's next. ♪ yeah trouble now, i'm trouble, y'all. ♪ trouble, yeah trouble now, i'm trouble, y'all ♪ i took out this personal loan with sofi and it significantly helped me lower the amount of interest i was paying. sofi helped me pay off $23,000 of credit card debt.

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stuart: act to matthew mcconaughey might be saying all right, all right, all right -- did i get that right? [laughter] stop laughing, all right, all right, all right to politics. lauren, tell me, get me out of this. >> all right, all right, all right. hugh hewitt asked him would you consider a gubernatorial run in

your home state of texas, and mcconaughey dud not say no. he said when politics redefines its purpose, i could be a h-e-l-l lot more interesting. he's considered center-right, to that could land him governor of texas, we'll see. but he said, first, politics needs to redefine and fix itself. so let's see if politics are in his future. stuart: all right, all right, all right, as they say -- [laughter] thanks, lauren. california's governor newsom, he's facing some backlash for breaking his own lockdown rules. jonathan hunt is in los angeles for us. jonathan, are there any repercussions for what the governor did? >> reporter: well, he won't be eating out anytime soon, stuart. [laughter] politicians are rarely ones to let an opposition mistake slide by, so republicans are piling on governor gavin newsom for his

admitted mistake of attending a restaurant the party unmasked with several people while telling the people of california they should do none of those things even this thanksgiving as we battle the coronavirus pan chem ig. the pictures of newsom doing exactly what he's telling californians not to do prompted one republican committee woman to liken his actions to the french queen during the revolution saying the entire night out had a, quote, marie antoinette feel to it. newsom has apologized and acknowledged it was simply wrong. >> instead of sitting down, i should have stood up and walked back, got in the car and drove back to my house. >> reporter: it didn't e help that the restaurant in question is one of the most expensive in california with a menu that runs around $350 per person, a fact that prompted republican state senator shannon grove to ask

rhetorically via tweet, quote: in california $350 is equal to, a, one week's unemployment check for millions of california workers, b, the cost of gavin newsom's dinner at napa's french laundry restaurant or, c, both of the above. newsom also said during his apology press conference that, quote, covid fatigue exhausting, although it is perhaps slightly less so when one with fueled by nova scotia lobster, ahi and herb roasted lesion field farm lamb. those were just some of the dishes, stuart, on last night's rotating tasting menu at the french laundry. fabulous. and no wine included in that $350 other. [laughter] stuart: you had fun with that report, jonathan hunt, and you loved pronouncing the name of all those dishes. you're very good. good to see you, jon than, thank you. let's bring in tomi lahren, fox

nation host. everybody's fired up about this, everybody. there's a real outrage out there. what's your input? >> well, i'm not surprised at all because i lived under the tyranny of governor gavin newsom for several years. but what i'd like to ask folks in and elsewhere that are fired the up about it, what are you going to do about it? it seems to me in california and other places run by democrats that we see the leader saying do as i say, not as i do, they yet in trouble for a day or two, and then they continue on. nobody votes them out, everybody complies, and they move on with this business tyranny as usual with. everyone will forget about it as usual. stuart: i would like to see some pushback here. i mean, come thanksgiving when they're in california and they're telling you how to eat, what to eat, where to it eat, i want to see some pushback to that. how about you?

>> oh, absolutely. i think that californians should be very upset, and they should understand if they keep voting for democrats, it's exactly what their going to get. -- they're going to get. and they should realize the leaders at the top, they're the ones imposing the restrictions or encouraging us to be restrict, but they rarely follow their own restrictions. and furthermore, when you look at california, they've got cases surging, they're lecturing people on what they should and shouldn't do for the holidays, and end then you've got gavin newsom attending a dinner with top members of the california medical association that also lecture us little people about wearing our masks and following proper safety protocols. it's hypocrisy up and down. we just have to ask will anything change in those democrat-run states? i don't think so. stuart: it's arrogance to boot as well. look, tomi, 653,000 people left california last year, i'm sure you know this. they moved to places like texas, arizona, nevada, washington state, oregon.

i've got some numbers that'll show you how many went to all these different astronauts. but i understand you're a little worried that the californians will take their liberalism with them and ruin the red states that they're going to. finish do you think that's likely? >> it's not only likely, it's happening. look at this past election. look at what happened in texas. the fact that we could be worried about texas possibly going blue or purple is astounding. look at arizona whose voters passed a massive tax hike on themselves. you look at places like tennessee, i'm here in nashville. again, we've been a democrat-run city for some time now. you're looking at the rest of the state and other proud red states who have an influx of liberals who leave their liberal state, and then they come and they bring their votes and policies with them. so i have a plea, please, if you want to come to one of our beautiful red states and take advantage of all of our business-friend lu policies and the good folks we have living here, please, just lee your

liberal -- leave your liberal policies where they belong, in the states that have already been ruined and leave ours alone. stuart: i like that line. tomi, i'm stealing that line right off you, i'm going to do that. tomi lahren, everyone. we'll be watching you on fox nation and your show, or "no interruption," available only on fox nation. see you again real soon. next, we're going to give you a close-up look at ford's new f-150 hybrid. like the look of that. we'll be back. muck oh, i swear to you, i'll be there for you. ♪ this is not a drive-but. ♪ businesses today are looking to tomorrow.

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stuart: show me carvana, first of all, that's the stock price on the left-hand side of the screen. they've just unveiled their tallest car vending machine ever. look at that, right outside. that is a 12-story structure. it's in atlanta, and it holds 43 cars. thought we'd show ya. now let's get a close-up look at the ford f-150, the new one, the hybrid. gary gastineau, foxnews.com automotive editor, he's got one. he's instanting in front of it. he's -- standing in front of it.

he's going to show it to us. i've got a regular, ordinary f-a 150, and i lo the thing. show -- love the thing. show me the hybrid. >> yeah, it's been redesigned for 2021, but the hybrid's the big news. they call it a the power boost, it gets 24 miles per gallon combined, but best of all, the gas -- it's the most powerful model. 430 horsepower. that's muscle car power. i'll tell you, on the road this thing feels fast. but it's also powerful when it's not moving because it comes with a built hundred generator, 2.4 kilowatts of power. this one's got the updecaded 7.2 -- upgraded 7.2 kilowatt generator. this is a challenge, but i'll show you what i'm talking about. it's also good if you're tailgating or camping. you know what else? if you don't like sleeping in a tent, this has you covered there

as well. the new max recline massaging seats that go all the way flat, turning the cabin into an aluminum cabin. you know, stuart, if you ask my friends at work, they'll tell me the thing i'm best at is sleeping on the job, so this is perfect for me. stuart: that is really something. can you hear me? >> i can hear you. stuart: okay. the thing i like about my f-150 is it's such a comfortable ride. it's what we used to call in england an american glide ride. you hardly feel that you're going over a bump. it's real smooth. i take it that the hybrid is the same? >> yeah. the entire lineup's been upgraded. this thing rides very well. starting price for the regular f-150s is 31. to get the hybrid, you've got to get one of these big with four-dours, they start around 34 but, again, you get that extra power, fuel economy, best of both worlds.

and i'll tell you, i've really enjoyed driving this on the highway. and next year, stuart, they're they're going to have a new driver aide for this, hands-off driving. you get the system for it now, the software's going to be upgraded, updated next year over the year. stuart: you know, with you lying down on reclining seats, that's a pretty good commercial for ford. they should pay you for that, gary. [laughter] >> not just reclining,s massaging too. stuart: okay, excuse me. i didn't know that. i'll look at it. thanks very much, gary gastineau. all right, quick check of the big board. where are we now? we're down 130 but we're at 29,30. more "varney" after this. ♪ ♪ just enough for the city

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that is what this is all about. despair in new york at this moment, absolute despair. terrible thing to see. meanwhile, leave you with the market showing the dow down 120 points. not that much stock price movement so far today. let's see what neil's got. sir, it is yours. neil: stuart, thank you very much for that. we're looking at new restrictions not only going on in new york and new york state, we're up to 22 states that are really dialing things back. we'll get into that. getting the latest on astrazeneca. very confident it could have a vaccine out. one really helps older and more vulnerable people who get this covid-19. that and word that johnson & johnson is waiting on the runaway. so that would be four big biotech and drug companies right now that are ready to launch. how far that goes, anyone's guess. get the latest read from jackie deangelis following all of this.