week, maybe take thanksgiving off. right now, it is all about "varney & company." i don't want to toss it to mr. varney too early. he might not be ready. but i want to give you as much time as possible, stuart. stuart: i'm ready. i'm absolutely ready. ready to go. dagen: take it away. stuart: monday morning, i'm ready to go. good morning to you. good morning, everyone. vaccines and thanksgiving week restrictions. that's the news this monday. we are going to start with money. if you're just tuning in, look at this. another monday morning rally. the dow looks like it's going to go up, oh, triple digits, maybe 140 odd points. s&p up, nasdaq up about 35. look, that is a modest rally. it's again based on vaccine news. astra-zeneca with oxford university has a vaccine that is 70% to 90% effective. they will start talking to the fda this week. if approved, they will have 200 million doses available within the next six weeks. and three billion next year.

it can be stored and distributed at refrigerator temperature. now, separately, we are also being told that the first vaccines will be in use in america by mid-december. the other major news story is, of course, thanksgiving and the restrictions which are rapidly spreading. we will go through the list for you. but the big picture is this. the country is divided on who can gather for the celebration. large demonstrations in california against the severe restrictions there. in several jurisdictions police chiefs are refusing to implement the rules. we are told not to travel, but two million people took flights this weekend and aaa says 50 million will drive to their celebrations this week. it is a test, that's my opinion, it's a test at this holiday time what restrictions will america accept. "varney & company" is about to begin.

♪ stuart: open the mic. open the mic. we have news this morning. susan likes this song. susan: george michael. stuart: you like this? susan: one of my favorites. stuart: that particular song? susan: freedom for thanksgiving, too. stuart: i like it. i like it. we are indeed starting this monday morning with a little freedom in the air. all right. take a look at this. protesters in the streets defying california governor newsom's curfew that went into effect saturday night. it didn't help that the governor ignored his own lockdown rules. california has just banned all indoor restaurant dining. that starts wednesday. the day before thanksgiving. in my opinion, confrontation is in the air. we'll have more on this throughout today's program. got it. let's get to the vaccine news and the news is from

astra-zeneca. lauren, tell us all about the vaccine, please. lauren: so astra-zeneca and university of oxford, it's a 70% effective vaccine. let me explain because it was dosed two different ways. it was 90% effective when it was administered as half a dose and then one month later, a full dose. okay? so half a dose, then a full dose 90% effective. 62% effective when you got two full doses a month apart. so less of it and don't ask me to explain that, less of it is more highly effective. why is that good? you can vaccinate more people with less. it can be stored in a regular refrigerator, distributed using existing logistics. it is cheap, three billion doses available next year and by the way, this is the third monday of solid vaccine news. three drug makers now developing shots. stuart: interesting to see if we can make it four in a row.

there is also news on reagagene? lauren: the antiviral cocktail is the second treatment cleared this month to treat patients who are not in the hospital. that does fill a big hole in the way we currently treat patients. they have enough doses for 80,000 patients by the end of this month and 120,000 additional just the first week of january. they've got a lot of this. we will probably need more but they have a good amount. stuart: good stuff. thank you very much indeed. let's bring back dr. matt mccarthy, frequently appears on this program when we are in need of expertise. he's got it. the head of operation warp speed says immunizations could m could as ear come as early as december 12th, only three weeks away. >> oh, yeah. vaccinations are coming soon. the big date on the calendar is december 10th. that's when a federal advisory panel will meet, review the data and tell us exactly what's in these press releases.

we will find out if that 95% effective number that we have been hearing is legit and if it is, they are going to make a recommendation to the fda to say let's start vaccinating people. then we have to figure out how to vaccinate. looks like it's going to be nursing home residents and health care workers. but this astra-zeneca news, it changes everything. people are seeing these numbers like 70% effective, 90% effective, that's not as good. astra-zeneca's vaccine has shown a really strong response in people over the age of 70. this may alter how we think about vaccinating our older population. huge news today coming out of astra-zeneca. stuart: one last one. what percentage of the population needs to be vaccinated to get herd immunity, before the vaccine is really very effective? >> right. i saw the head of operation warp speed saying we will be back to normal in may. i love that optimism. i don't share it. we need roughly 70% of the population to be vaccinated to

get herd immunity and we may start getting there with adults but the thing no one's really talking about is that children aren't scheduled to be vaccinated until the fall at the earliest because they are largely excluded from clinical trials so far. so while i love this idea that may is when we can throw away our masks and get back to normal, we forgot about the kids in this equation. we need to get up to around 70% vaccinated. right now public opinion polls are showing around 59% of people say they are willing to take the vaccine. i hope that number bumps up after the advisory panel meets. but we have a ways to go to get 70% vaccinated. stuart: but that's the target. doctor, thanks for joining us. we will be seeing you very soon. thank you, sir. appreciate it. charles payne is with us this morning. charles, the market jumped on the vaccine news. let me put it like this. investors seem to believe the vaccine gets us back to normal sometime next year. you on board with that? charles: no doubt about that, stuart. but the news itself obviously,

you can see is not moving markets like it did last monday or the monday before that. so for the week, i don't think that's going to be the most important mover of markets. we expect more and more good news on vaccines. i think the number one driver is going to be what happens in washington, d.c. on fiscal stimulus. that has retaken the top spot in terms of anxiety but beneath the surface, you know, a week like last week which seemed pretty choppy, didn't do a lot, it was phenomenal for the stock market. there were so many more winners than losers. a number of stocks hit new 52-week highs on the new york stock exchange and nasdaq were through the roof, so was up volume. there's something really intriguing happening beneath the surface. that's what happens when these big names, the names you talk about every day, when they are sort of sideways and it feels like well, the market's sideways, no. the good news is that money isn't going to the sidelines, it's finding new homes in different sectors. i think that's great. stuart: yeah. i want to dwell on this point. what you've got here is a very

broad-based stock market rally. stocks in all different sectors are going straight up. i have to believe that the vaccine is the news that's propelling all of this. more important than developments in d.c., more important than the fed, the vaccine, again, i keep coming back to this, how do you feel about this? is it the vaccine that's propelling a broad-based rally? charles: the vaccine sparked it. but you know, industrials aren't necessarily moving or materials aren't necessarily moving because of the vaccine per se. i still believe the main source of all of this was the stopping of the blue wave. my number one evidence if you want evidence of this, look since the election. what's the number one performer? by the way, by far, not even close, energy. joe biden told you in that last debate he would destroy fossil fuels. they will live. they are up 19% in the last month. 19% in 30 days. what's the only loser, the only

loser? utilities. they were going to be the biggest winner. a lot of folks were loading up on utilities right before the election. it's the only sector that's losing. so the big spark because let's face it, i think we all felt and believed and we still believe these vaccines are going to happen. we saw operation warp speed. that's why today the news is not impacting the market as much as it was a week ago. certainly not the way it impacted it two mondays ago. so what's the thing we don't really know right now, what's the wild card? the wild card has become fiscal stimulus again. it was a no-brainer in july 31st when it expired, the market gave it the benefit of the doubt in august. the markets kept going up. then there were question marks in september and it's been pretty choppy since then. stuart: okay. we like your expertise, charles. we will tune in for more of it this afternoon at 2:00 eastern time on this network. charles payne, everyone. 2:00 eastern today. morgan stanley, don't like the sound of this, predicting another market drop. how big and when?

susan: 10% before year's end according to morgan stanley. the reason here, mass vaccine distribution won't be ready for another three to four months while cases could go up and so do deaths before that time. morgan stanley made some correct calls on the market this year so they are worth listening to. they predicted the march bottoms we saw, also the september decline. remember despite short-term volatility, morgan stanley remains bullish and they are forecasting another 10% gain for the s&p 500 before the end of next year. so 3900 is their target. year-end volatility they say might be owing due to the roughly $300 billion that might be rebalanced according to jpmorgan. they say $3 willed billi00 bill taken out of u.s. stock markets, year-end rebalancing of portfolios. that might be a volatile risk. this time of year is bullish. we had the santa claus rally that usually takes place at year end because people all of a sudden found themselves with more money as they have been strict with their budgets throughout the year, right? stuart: right. i'm trying to get my head around

all this. down in the immediate future -- susan: rebounding. stuart: that would be quite a drop. 10% in six weeks. you would feel that. but then next year, up we go again. susan: that's right. stuart: morgan stanley? susan: morgan stanley predicts that. jpmorgan says there could be some $300 billion worth of outflows which is causing this volatility heading into year's end. do you bet that santa claus will show up? stuart: i used to play santa claus with my kids. susan: interesting. stuart: there's a tape of that, too. we're not going to see it. thank you very much indeed. still ahead, stephen moore. pete brownell, a guns and ammunition guy. and pete hegseth. despite the cdc warnings, all of two million people went to the airports and flew friday and saturday. i say people are tired of the restrictions and want to live their lives. that's my point of view. we will develop that through the show. meanwhile, futures on the

upside. it's because of this positive hopes for a vaccine. astra-zeneca/oxford today. we'll be back with more "varney & company." another rally. love it. ♪ when i was in high school, this was the theater i came to quite often. the support we've had over the last few months has been amazing. it's not just a work environment. everyone here is family. if you are ready to open your heart and your home, check us out. we thought for sure that we were done. and this town said: not today. ♪

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stuart: virus cases are rising. some states are imposing new lockdowns but others, texas, florida, for example, are not. ashley webster is in orlando for us today, wide open in orlando, ashley? ashley: yes, it is, stu. good morning to you and everyone. listen, eight weeks ago,

september 25th, governor ron desantis here in florida basically said all covid-19 restrictions are lifted. restaurants, the minimum you have to reduce your business by is 50% but we say 100% depending on local authorities and whatever deal you work out with them. but it has, it has had the impact as you know, stu, as you came down here recently, it's like night and day between new york and new jersey and here in florida. people going about their business. i want to quickly give you the unemployment numbers as a comparison between those states that are open and those states that are not. let's have a look at those. florida right now statewide unemployment rate of 6.4%. texas at 6.9%. now look at california. 9.3%. new york, 9.6%. of course, the nationwide average at 6.9%. so is there a correlation? you could say that. i'm in central florida, this is tourism central, a low wage

service sector type of economy that's been hit very hard. yes, the restaurants are open but the number of people coming here has dropped off. before we go, i have a business owner joining me here, his name is tom degeorge. he owns a bar. you really operate for live music. tell me, how has the pandemic affected you? >> yes. i own crow bar. it's predominantly a live music venue, with touring bands. right now there is no tours. so the majority of my business now is local artists and bands, limited capacity, and merchandise. but our sales are, you know, i'm losing money almost every day. ashley: how are you surviving? this is seven months you have been going through this. >> seven months. i'm surviving by asking for federal funding. if we don't get federal help for my industry, we will not make it. we need to save it.

ashley: that's one person's battle with the pandemic but as you say, things are more open in florida but you have to have the customers first in order to generate the business. that is a critical point. back to you. stuart: day and night compared to new york. we will be back to you later. now, millions are literally just ignoring the cdc's travel warnings. lauren, the airports were packed this weekend. lauren: apparently they were. it was the busiest weekend since the pandemic. between friday, saturday and sunday, three million people flew. this was despite the travel warnings, despite the spike in infections. look, the numbers likely would have been bigger because the airlines said once the cdc said don't travel over the weekend, they saw either more cancellations or fewer bookings, and you know, compared to last year, they are still flying just 42% of last year's numbers. but the weekend was huge and this week is likely going to be a very big travel week also.

you have thanksgiving on thursday and people are fed up, they want to see friends and family. stuart: yeah. i think that's the state of play. thanks, lauren. all right. going to bring in economist stephen moore to join us this monday morning. look, i've got a point of view here. people are tired of these restrictions. i think they want to live their lives. i see confrontation coming. how about you? >> i do, stuart. and you know, i will tell you this. i don't care what the mayors say or the governors say or the cdc says. the moore family is going to be celebrating thanksgiving and we will have more than ten people probably at the thanksgiving table. i know that may make some people faint but look, i think you're right, the one lesson we have learned over the last nine or ten months is these lockdowns really don't work very well. a new study, by the way, comes from europe just released over the weekend that did a comprehensive study of places that lock down versus places that didn't lock down. they saw very little difference in terms of the health outcomes. i want to go back, if i may, to

what ashley was talking about, those state unemployment numbers. i spent the whole weekend going over those numbers. they are incredible. you've got about 15 or 20 states that are basically back to very low unemployment rates, business is flowing, they have balanced their budgets and those tend to be states like utah and georgia and texas and tennessee. then you see these states, these sore thumb states that lock down their economies again and we are talking about new york, california and new jersey and rhode island and connecticut and what do all those states have in common? they have very high unemployment rates, 8%, 9%, 10%, 11%. lockdowns are not the solution. all they do is put businesses into bankruptcy and put americans into unemployment lines. stuart: what happens if we get through this thanksgiving, lot of people don't obey the rules, and we get a rise in the cases right after thanksgiving and into december? are we then going to be back

into another lockdown situation around the country? >> i'm not saying people shouldn't act safely, and they should. you should social distance and you should wear masks when appropriate and shouldn't go into very crowded places with poor ventilation. people have to be health-conscious, absolutely. my only point is that locking down the economy and keeping people locked into their homes, it just has not been a good solution. we went through this nine months ago. it is interesting, states that opened up that i was talking about, lot of those southern states and mountain states, they have actually had lower death rates than a lot of states that have locked down. so we have to find the proper balance and i'm with you, i don't think the american people will go for another set of very strict lockdowns of their activities. you just mentioned, you just were talking to that businessman in florida. these small businesses cannot take another lockdown. they will go bankrupt. we are talking about tens of thousands of businesses are run

by men and women. you know this, you talk about it all the time on your show. 60% of the jobs in the united states are created by small businesses. we need them. stuart: you can't clamp down on them and put them out of business. if you do, you'll have some severe consequences. i've got to run. thanks for being with us. enjoy your thanksgiving. >> come over to our house. stuart: be careful, son, what you wish for. the dow shows a gain of over 100 points. the nasdaq up about 46. lots of green on the screen. back after this. ♪ 's a thirteen-hour flight, that's not a weekend trip. fifteen minutes until we board. oh yeah, we gotta take off. you downloaded the td ameritrade mobile app so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard before we board. excellent. and you have thinkorswim mobile- -so i can finish analyzing the risk on this position. you two are all set. have a great flight. thanks. we'll see ya. ah, they're getting so smart. choose the app that fits your investing style. ♪

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stuart: still showing a lot of green on this monday. it's the third monday in a row that positive vaccine news has given us a modest rally. that's what we've got right now. keith fitz is with us. hey, keith, you know, don't pour cold water on us, please. you're predicting a rocky week for the markets. why? >> well, here's the thing. you've got to remember, stuart, that volatility cuts in both directions. so when i use the term rocky, it could just as easily leave you behind as it could catch you unawares. i think we are simply going to have a bumpier than usual week. stuart: what about mr. biden naming his cabinet? you think that could spook investors? look, only if elizabeth warren

is named treasury secretary and that's probably not going to happen. >> well, or aoc on the taxation committee. look, here's the thing, stuart. this is why i think we will have a rocky market, because we have headline risk. we have great news from vaccines. the biggest risk to investors is doing something rash because a head line shows up on a holiday-shortened week when everybody wants to relax, everybody is fed up with restrictions and lockdowns and want to move ahead. that's the volatility you simply have to be prepared for this week. stuart: we will be following the georgia elections, surely. january 5th, two senate seats up for grabs, so to speak. the way that goes is the way our government goes. that's the one big deal that could spook things. if you get a new poll showing the democrats leading, for example, if you got that, that would spook the markets, i take it. >> well, i agree with you, stuart. again, it's the uncertainty, the unknown fiscal policy. biden has made no bones about trying to reverse many of

president trump's policies. i think if the markets are comfortable with that, we are going to be business as usual. we are going to charge higher on good news, on reopening. if the markets are at all uncertain about what that means financially, fiscally, then we are going to have a retracement. stuart: shall i keep my microsoft or sell it? >> i would keep it. i'm keeping mine. i'm actually going to buy more if i get the chance. i think again, a year from now, two years from now, i think we are going to be asking ourselves why didn't we buy right now versus we regret we did. stuart: thanks for joining us this monday morning. you didn't really spoil the rally. it's still in progress. >> i hope not. stuart: don't do that. all right. we are coming up to about 40 seconds to go before this market opens on a monday morning. i'm going to repeat this. this is the third monday in a row that we've got positive vaccine news which has sent the market up first thing on a monday morning. there's plenty of green out there today. when we get started here, there's about 20 seconds' time,

i'm expecting the dow to go up maybe 140, 150 points. a very modest gain when you are at 29,300. but we will get a similar gain for the s&p and for the nasdaq. here we go. monday, i forgot the date. november 23rd? susan: yes, that's right. very good. stuart: and bang, it's 9:30 eastern time. we are off and running. i see some green. right from the start, we are up close to 200 points on the dow. 184, to be precise. i see a couple losers. i see apple actually on the down side. fractionally, down one cent. that's it. you are up 185, .66% right from the start this monday morning. the s&p 500 also on the upside. the gain there is a half percentage point. a bit more than that. the nasdaq composite, where's that? it is up a half percentage point. better show you the vaccine makers. good news all around this morning. including from astra-zeneca, although that stock is down a little.

pfizer, moderna, j & j, novavax, all on the upside. dow is now up 200 points. take a look at the airlines. they usually go up when you've got positive vaccine news. that's exactly what you've got today. lauren, come in and tell us about the cruise lines. lauren: yeah. they are higher. look at these gains we are seeing today, even though this is shocking in a way, the cdc just came out and said cruise ships have the highest possible risk for contracting covid-19 and if passengers do decide to sail, they should get tested three to five days after, stay home and quarantine for seven days. okay, we have this advisory but no ships are sailing this year and some aren't going to sail until spring. why do you have this warning? because the cdc lifted the cruise ban about a month ago. then they provided these conditions for ships to sail. that's what the ships are currently working on. but it's probably going to work out where you get the vaccine,

enough people being inoculated and the lifting -- the approval for all cruise ships to sail at the same time, and the market might see that as very good news because people want to do things again with a vengeance when that happens. stuart: i got the feeling that cruise stocks and airline stocks are for day traders, jumping in and out in a matter of minutes to make a very small profit. i don't think many of them are for the long, long, long term investor but that's just me. show me -- stop laughing -- show me netflix. $489 on netflix. jpmorgan, have they got a new call? susan: they are saying it's worth $628. that's up from their previous forecast. look, most netflix analysts still call it a buy, especially it's a lockdown winner. the average analyst less bullish, still at $547 which has pretty good upside here. now, the reason why jpm is bullish is because netflix raised their prices by a buck or two on their standard to premium

plan but not intelligently on their basic plan which still is at $8.99. we know the basic plan is probably more price-sensitive. those individuals that buy the basic plan, more elastic, shall we say. with 190 million paid subscribers around the world, netflix is sure to make more money if you raise the price. market cap above $200 billion, worth more than ge, deutsche bank, ibm combined. almost worth as much as disney. stuart: how many users? susan: 190 million around the world. another streaming winner here, roku rallying again today. that stock has more than doubled so far this year. stuart: if you raise prices and netflix did, you are guaranteed to bring in billions more. susan: jpm is saying they hike prices but won't lose subscribers because of that. that is bullish. stuart: let's go to tesla, please. are they up today? yeah. 5%. why? susan: dan ives getting more bullish, upping his tesla basic price target.

this is base case here. 560. bull case, four figures, $1,000 if everything goes right. the average analysts think maybe tesla's a bit overvalued here. average analyst target price, only $385. ives says it's about more people buying electric cars, penetration going from 3% to 10% in five years. that's exponential growth. china, europe will be supplying that demand. the cyber-truck model y designs will also help tesla achieve its million delivered units likely in three years. don't forget, elon musk only said 500,000 and people said 500,000 is still pretty hard to achieve but in three years, we will double that. stuart: you get used to dramatic headlines. $1,000 on tesla. last week, we had an analyst on who said maybe $3,000. extreme bull case. susan: market investments is probably the most bullish, talking about tens of thousands, maybe $15,000 for the stock.

everything would have to go right. stuart: yeah. it sure would. that's a fact. all right. tesla, $513 as we speak. look at square. that is an online payment system. they are getting a huge boost. lauren, from whom and what's the target? lauren: okay. they think square will add the share price another hundred dollars so $300 is the target, would be the highest on the street because of the cash app. i don't use it. i know you don't use it. a lot of people do. a lot of businesses do. so businesses are using it, you can trade bitcoin with it, you can transfer money and in those ways, square, which is similar to venmo but that's how they generate fees. that's how they generate revenue. that's what the analyst community likes. this has been a winner this year. it's up 200% not including today's gains. stuart: up another 3% today. $202 on square. i will put some stocks on

the screen for you. all of them have doubled within the past year. and wait for it, analysts say there is more room to run. susan: think of nvidia, etsy, sun run, boston beer, green dot, all these stocks have more than doubled this year and quadrupled in sun run's case. sun run of course benefiting from the biden push to create energy in solar. market watch called these momentum plays 50% of analysts covering these stocks say there is more upside to come despite the doubling and they were looking at stocks that were worth more than $2 billion in market cap. however, i would say small caps have been outperforming, up over 1% last week, hitting record highs and some say that's the place to be. think smaller, especially with the recovering u.s. economy that's based on hopes of distribution of vaccines and more stimulus to come. stuart: look at boston beer. $947 a share. i didn't see that coming. susan: okay. stuart: did you? susan: that's $947, put that in

context. yes, it's more than doubled this year. people are drinking a lot of beer at home. stuart: i guess so. 947, boston beer. thank you. another case of do as i say and not as i do. governor phil murphy, caught dining without a mask. we have the story for you. he's the new jersey governor, by the way. next hour we have a new jersey police chief who says he will not enforce governor's draconian virus order limiting holiday gatherings. i'm telling you, confrontation's coming. plus i wonder what sean duffy thinks of the tightening holiday restrictions. he has nine children. i will ask him about that and what he plans for thanksgiving. he will join us next hour. ♪ our new house is amazing.

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more to come. interesting companies that you and i might want to invest in like who? susan: because of big billion dollar unicorns like door dash, worth around $16 billion or the biggest around airbnb valued at around $30 billion. then throw in paypal founder's fin-tech loan provider for those who can't afford the entire peloton bike, a firm offers the installment loans. also, you have wish as well which is the world's most downloaded online shopping platform because they sell a lot of chinese, cheap chinese goods. it's worth around $30 billion which some say is pretty lofty. then you have roadblock, a game maker for kids. this year set to be the biggest year for fund-raising since 2 0 2000. it's the best year for first day debuts to the dot-com bubble back in 2000, averaging 24% jump on day one so far and that's why stock markets are partying like it's 1999.

kind of like the prince song. even you know that. stuart: i do know that one. by the way, i want to talk more about roblox. i want to bring in our tech guy, ray wang. ray, if you are a parent or grandparent, you probably know about roblox. it's a game for youngsters doing very well during the pandemic. i think you know more about this. tell us how do -- how does the game bring in money? how did they work that? >> yeah. no, this is an interesting play. premium to premium play. it's coming [ inaudible ] you have builders and developers and creators and then online currency called robux and they bring that together for the tween market and have been picking up massively. they have actually seen 139% gross, they have gone through massive amounts of daily active users and the idea is you keep building on it, new games appear, it's a gaming platform,

and it actually has been growing very fast. they just added an oculus capability, the augmented virtual reality capability to jump in there as well. you make money as people buy virtual currencies and robux and they use those to buy additional goods. you have digital goods, digital services and other ways to monetize. stuart: i think there are 31 million daily users of this game. roblox game. as i understand it, the youngsters play, they can play themselves in the game and they can ask mom, dad or granddad or grandmother to chuck in some dollars to enhance their avatar, enhance their position in the game. i'm trying to get this right. help me out here. >> yes. yes. what actually happens, they are able to actually use the robux, the virtual currency dollars, to enhance how they look, say you want a new jacket, or new glasses, or a new look, you want

to buy something around those digital goods and services powering it. kind of like the way other virtual worlds like second life did in the past. so what it's doing is basically creating digital goods and services but the growth has been big and it's one of those pandemic winners. stuart: but the kids can see themselves in the game playing with their friends. is that right? >> exactly. they can see how they play with themselves, they can play with their friends, they have a virtual environment, parents find it safe, especially mothers and parents who think it's a tween play that's actually very safe and of course, they are also, there are a lot of security controls in place to keep the kids safe. stuart: would you buy it? >> i definitely would. i see huge growth in it because the multi-sided market that's there, the virtual currency aspect and these tweens are going to take this on. they are going after a targeted demographic that's going to grow with them over time and developers have been picking up steam on their platform. stuart: keep in touch, ray, because i need to know how to

talk to my grandchildren about roblox and that's a fact. see you again soon. thank you very much. look at this. look. see the dow just went up, now up over 300 points. i think we've got some good manufacturing news. right? susan: yes. so let's start with the manufacturing flash pmi. this shows how factory floors are doing, way ahead of estimates at 56.7 in the month of november. so this is real-time data we are getting in terms of the recovery of the u.s. economy, bullish. also when it comes to services, since we know services make up 70% of the u.s. economy, this is probably more important. again, ahead of economist forecasts. 57.7 is what i see. economists are calling for something closer to 55. again, services, manufacturing, both churning ahead and that shows the u.s. economy in the recovery on pace and accelerating. stuart: you have an immediate market reaction with the dow going up 300 and the nasdaq up almost 100 points.

>> 15 minutes into trading this morning, 300 points, astra-zeneca announcing its trials have resulted in up to 90% efficacy rate. stuart, there he is. good morning. anchor of "varney & company" on fox business joins us now. stu, any good news, we will take it, right? stuart: okay. we have good news on a couple fronts here. first of all, as you mentioned, sandra, good news on the vaccine front. astra-zeneca with oxford university has a vaccine that's 70% to 90% effective and easily distributed at refrigerated temperature. that is a plus. we just received more good news from the service sector of the economy. it is expanding very nicely, thank you. and we also have good news from the manufacturing sector in the economy, expanding very nicely, thank you. that's why the dow industrials are up close to 300 points at this stage. you are getting right there at 29,554. as you say, wow. stock prices across the board are very close to all-time record highs.

sandra: because this is not the first good news we have received on vaccine trials. it seems like all the drug companies are getting closer, stuart, and that's leading into this market rally we are seeing there. to your point, almost 30,000 on the dow. stuart, this time of year normally we are looking at retail sales, right, as we head into black friday, how the consumer's going to be spending. are we getting any indication of that? obviously a lot of this is covid news dependent, how good people are feeling about the economy. stuart: we are getting indications that this year is going to be a sensational year for online selling. when you look at the earnings reports of the big retailers, you look first of all these days at their online operation, like walmart, for example. they have done remarkably well. virtually doubling the amount of the product they're selling online. same story with target, doing very very well with online. of course, there's the gorilla in the patch, and that would be amazon, expecting a gigantic

gain in sales this holiday period. to the point where there's some real concern that they won't be able to get all the packages delivered at the right time. but that's a nice concern to have but it shows the demand for the online people is just going through the roof. that of course is because of the pandemic. you're stuck at home, you don't want to go out to the mall or the store, you order online. that's how it works this year. sandra: i don't want your presents or mine to get lost in the mail. have you done your christmas shopping yet? stuart: i'm not quite sure how to answer that one but rest assured that whatever i've got for you will arrive on time. sandra: just joining us here is gift enough. great to have you, stuart varney. stuart: sure thing. all right. we continue on with fox business and we are just going to tell you again, got a nice rally, up 280 as we speak on the dow. now this. joe biden expected to crack down

on guns with a tax. coming up, we are talking to pete brownell, a guns and ammunition guy, very well-known in that industry. he's on the show. sounds like biden wants to tax him out of business. first, ford, they've got their new electric mustang. it's out there. we are going to get a close look at it next. ♪ (groans) hmph... (food grunting menacingly) when the food you love doesn't love you back, stay smooth and fight heartburn fast with tums smoothies. ♪ tum tum-tum tum tums

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now it's your turn to lose weight quickly and easily with golo. head to golo.com now. that's g-o-l-o.com. stuart: it is a monday morning rally. good news on vaccines, good news on the service sector of the economy and manufacturing, up we go. 300 points for the dow. how about a look at the electric car makers? how are they doing today? tesla is okay. nikola, well, they are all doing very well. speaking of electric cars, we are going to show you the new electric mustang mach-e. grady trimble is in michigan driving one of these things. how's it going? reporter: it's fantastic, stu. i have actually never driven an electric vehicle before. first time ever for me. they have got the course all set up here so i'm going to take it for a spin. as we go through, i will tell you a little about this vehicle. this is ford's second ever all

electric vehicle but it's the first time they are using an iconic brand like mustang with their ev line. next up for them for the consumer side is the ford f-150. it's going to be all electric and they are rolling these out, they are starting to deliver them to dealerships right now so they could be at some dealerships by the end of the week. most dealerships will have them by the end of this year. for the mach-e. 2022 for that f-150 if you want something a little bit bigger. in terms of price, this is actually pretty reasonably priced for an electric vehicle. it runs starting at around $42,000, but then if you get the government tax credit, that's around seven and a half thousand dollars off so not bad. this comes as all of the legacy auto makers are really getting into the ev game. of course, you have the mach-e from ford, the f-150 coming up, but you've also got the cadillac

le lyric from general motors and the electric hummer. the big auto makers are trying to cut into tesla's market share. stuart: grady trimble there. it just doesn't look like a mustang, does it? however, we will get back to that later. drive away, lad. still ahead on this program, paris denard, sean duffy, larry kudlow and pete hegseth. plus, the far left. growing angry and losing patience with the biden camp. i'm going to give you my prediction on how that's going to end, next. ♪ we made usaa insurance for members like martin. an air force veteran made of doing what's right, not what's easy. so when a hailstorm hit, usaa reached out before he could even inspect the damage. that's how you do it right.

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- any idea how much it will cost? - [doctor] i recommend goodrx. you get free coupons to save on your prescriptions. - goodrx, smart. - [announcer] stop paying too much for your prescriptions. - thanks. - download the free app today. ♪ stuart: depeche mode. susan: more elegant when you say it. stuart: you just can't get enough. susan: they're from the uk, too. stuart: you just can't get enough. this is the second hour of "varney & company" with a big show coming up for you. brad blakeman, black voices for trump guy, paris denard and the ceo of brownell guns and ammunition, pete brownell. we are also talking to a new jersey police chief who is refusing to enforce governor

murphy's ten-person limit on indoor gatherings this thanksgiving. move toward to the 11:00 hour, former wisconsin congressman sean duffy is with us. top white house economic guy, larry kudlow, and yes, pete hegseth. we are just 30 minutes into the trading session on a monday morning and we've got a rally. dow is up 250. nasdaq is up 72. not bad. the big news came from vaccine today, that would be astra-zeneca and oxford university. their vaccine is 70% to 90% effective. it's pending fda approval. they'll have 200 million doses available within the next six weeks and three billion next year. however, we are told this is separate from astra-zeneca that the first vaccines will be in use in america by mid-december. how about that. it's a rally on wall street. now this. the left is making a lot of noise. the socialists are putting heavy pressure on the biden camp.

they want influence. they want a presence in the new administration and the new cabinet. i will make a prediction. they are not going to get very much of what they want. that's because what they want is so far out there. bernie sanders' tweet over the weekend tells the story. he wants $2,000 a month for all working class families, $600 a week for the unemployed, an end to hunger and homelessness. his wish list goes on from there. he can't get any of this if the republicans keep control of the senate. as seems likely. ilhan omar wants to overturn the mideast peace deals president trump just signed. today, we heard that israel's netanyahu met secretly in saudi arabia with mohammad bin salman. that's surely another step towards real progress and ilhan omar wants to go backwards? just not likely. the socialists are ignoring

democrat losses in the election. speaker pelosi's majority has been more than cut in half and the left is getting the blame. defund the police, the green new deal, socialism, it just didn't fly. it's unlikely to fly in the future when democrats face another round of elections. so your political headlines will be dominated by leftist demands. the good news if it is just noise. maybe they will get a few symbolic appointments but they will not be able to do real damage. unless the democrats win both georgia senate seats in the election january 5th. the second hour of "varney & company" just getting started. stuart: let's get straight to brad blackman on the right-hand side of the screen there. i'm going to call you a republican strategist. would that work for you, brad? >> sure. that's fine. stuart: you heard my take.

the left making a whole lot of noise but i don't think they will be very successful. what say you? >> look, if we keep the senate, it will be the best thing that ever happened to president biden, because it will be the ultimate check on his crazies and the first assignment i would give my vice president is you are to keep these crazies at bay. they are not to get to me. you deal with them and i'm going to deal with the senate. joe biden is a creature of the senate. he's comfortable there. he knows that's where legislation moves to the president. i think he will be more than happy to deal with mitch mcconnell and i think the crazies will be kept at bay. that's the good news. but i also think he will be tested in his relationship with congress, especially when it comes to the iran deal which i happen to believe putting on my lawyer hat is a treaty and must be consented to by two-thirds of the senate and ratified by the president. stuart: but when the socialists, the far left, when they are left out of the important decisions and the important positions, what are they going to do?

will they attack the biden administration? >> of course. they are going to go kicking and screaming but for what? joe biden, if anything, is probably a one-term president. he's going to rule for his legacy. he's going to do what he needs to get accomplished. it's all about running up the score and he's going to -- i believe he will be more of a fair dealer than any, any, any of the left crazies. stuart: we just got a freeze frame there. that's what happens when you are doing a remote broadcast like that. sometimes operating from home, maybe, it freezes. susan: in bad weather. that happens. stuart: if you are a live news anchor sitting here in new york city, you have to deal with it somehow or other. helps ba he's back. he's back. he's back. i do believe -- yeah, he's back. good to see. i have to ask about this historic meeting, israeli media are saying prime minister

netanyahu met with saudi crown prince mohammed bin salman in saudi arabia. the saudis are denying this. but surely if there's any truth to this whatsoever, it's going to be very hard to roll back president trump's peace moves in the mideast. >> it is. look, president trump was beating swords into ploughshares. he was getting us out of wars and if the biden administration was smart, they would carry on the tradition of donald trump and that is taking it to our enemies and holding our adversaries and our enemies to account and being friends, good friends to those allies who we need very badly in a troubled region. donald trump has made the middle east more peaceful than it has been in generations. stuart: we are glad we got you back. we will be seeing you again real soon. thank you. appreciate it. >> thank you. stuart: now, show me, please, the yield on the ten-year treasury.

.85%. okay. that's what we would call a long-term interest rate. dennis gartman is with us this morning. dennis is predicting, i'm going to try to make this understandable for myself, dennis, okay? let's start with that. you are predicting a steeper yield curve. that to me means long-term interest rates, 10 and 30-year interest rates, are going to go up. that means mortgage rates are going to go up. we are around 2.7% on a 30-year fixed. do you see that rate going sharply higher? >> well, depends upon the term sharply and it depends upon the term of how long into the future but yes, rates are going from the lower left to the upper right. rates the long end of the yield curve are going to be higher two years from now, three years from now, five years from now, ten years from now, than they are right now. will they be -- can we take the 30-year which has about a 1.6% yield, can we take it to 2% and 3% and 4% over the course of the next several years?

absolutely. are we going back to the levels of rates that we saw back in the early 1980s when the mortgage i had was in the 9% mortgage? no, we aren't going back to that. in the next decade or so. but are rates going to go higher from now, yes. inflationary pressures, especially in the commodity markets, are starting to show signs of being revived and i think economic growth next year is going to be substantive. i think people are going to be surprised how strong the economies around the world will be once these vaccines are available and amenable and efficacy rates hold as high as they have. yeah, rates are going to go higher, mortgage rates will be higher a year from now than they are right now, probably 50 to 100 basis points. for awhile, it will mean that people will stop buying houses because they will say rates are going up, but after about six months of higher rates, the fear will be that rates will be even higher still so there will be a marked propensity on the part of people to take out mortgages next year to buy houses after probably six months into rising rate environment. yes, rates are going higher. stuart: you said all these nice things about next year. why do you think the stock

market may trend lower over the next few weeks? why? >> well, you had a huge amount of insider selling that occurred over the course of the previous two and three and four weeks. that's always disconcerting to me. we have opened lower this morning and when futures opened last night they were down about 100 basis points on the dow futures. but when the news from astra-zeneca came out, this is very good news and we will see more such news. we will see more other companies, other governments come out with more vaccines over the course of the next several weeks but that's been enough to overcome any of the implications of insider selling which had driven prices down, you had the dow down almost 500 or 600 basis points -- 500 or 600 points from its high at the close of last week. i think six months from now, a year from now, will stock prices be higher, yes. three weeks from now will stock prices be lower between now and the turn of the year, probably so. it's still a bull market in the long run. i think people should be reticent about being an aggressive buyer but there will be a time when the bull market

will assert itself after the turn of the year. no question. stuart: are you enjoying yourself? >> i miss getting up sometimes at 1:00 in the morning to write the newsletter. i wish my golf game were better. thankfully, my wife is still with me so i'm balanced and i enjoy doing your show on monday morning. i'm having a good time. stuart: you find yourself getting up later and later, or earlier and earlier? >> you can't get up any earlier than 1:00 in the morning which i did for 35 years. i find myself awakening at 3:30 and checking where stock prices are, then getting up at 4:00 to bring my lovely bride a cup of coffee in the morning. stuart: you're a good man. i don't care what they say. you're a good man. come see us again real soon. >> probably see you next week. thanks, stuart. always an honor. stuart: sure thing. good to see you. couple of vaccine makers to show you. moderna planning to charge $25 to $37 for the virus vaccine when it becomes available. merck planning to acquire a

private company called onco immune. they are prepared to pay $425 million in cash. that buyout would give merck the rights to an under the radar drug that's shown positive results in hospitalized patients with the virus. facebook reportedly planning a charm offensive for joe biden, with new features. what's that about? susan: well, they are trying to get on joe biden's good side according to the financial times. facebook reportedly planning to crack down harder when it comes to covid-19 misinformation and even considering adding an information banner to its site encouraging users to get vaccinated when they are widely available. facebook is also reportedly looking at ways to encourage users to engage with content when it comes to paris climate accord which you know biden has pledged to rejoin. president trump left the agreement of course just recently. they are going to use the former deputy uk prime minister nick clegg as their d.c. liaison. he has experience dealing with biden when biden was vp under

obama. however, it's not all pure coziness, because we know biden has also suggested repealing section 230 and that's the part of the communications decency act that shields social media companies like facebook from being liable from what their users post. they have to get on his good side. stuart: no climate deniers, please. is that basically it? susan: i think they are just going to encourage more paris climate accord joiners. that's p.c. stuart: that was very good. very p.c. well done, kid. well done. thank you, susan. larry kudlow, he's on the show in our next hour. i have a lot to get to with him. especially, we just got excellent news on manufacturing and services for the current state of the economy. i'm sure he will want to talk about that, and he will. check this out. huge crowds protesting california's strict lockdown orders. they are fed up with governor newsom and having their freedoms limited. we've got that full story for you. but first, black lives matter reportedly pressuring

president-elect joe biden to abolish police and prisons. what happens if they don't get what they want, though? more mass protests? i'm asking that question after this. ♪ (ringing)

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stuart: it's a rally, a monday morning rally. we have good news on vaccines, as we have for the previous two mondays. same result, it's a rally. rally on the nasdaq has faded. the dow is still up 250. have a look at square. one analyst says that stock could hit $300 per share, thanks to the popularity of its cash app.

that puts it up 3% this morning at $202. have a look at bitcoin. where is that this morning? $18,480. had been close to the previous record high, nearly 20 grand. susan: yeah. so the high was just about 19,000, close to20,000, but we do have a lot of people making very bullish calls on bitcoin because of the 150% rally we have seen so far this year. citigroup, for instance, making the most waves, calling 318,000 by december next year. yeah. stuart: for bitcoin? 318,000? susan: yeah. that's right. i think that raised a lot of eyebrows. the reason is that they say the typical bitcoin bull run lasts for two years, followed by a painful correction. yes, lots of volatility in this asset class. hedge fund guy mike novogratz says 55,000 to 60,000 by the end of this year. so we could, we could go up multiples from here but then take it with a grain of salt because he predicted 40,000 in 2018, that didn't happen. in fact, it went the opposite

way. then crypto software firm ban protocol calling 50,000 by the end of this year. probably one of the most respected bitcoin strategists on the market, thomas lee, a bit more conservative, calling 25,000 by the end of next year. but look, it's a volatile play. remember, it hit a record closer to 20,000 in december 2017 and then what happened the year afterwards, it plunged to 3,000. you really have to be able to weather the ups and the downs. stuart: bit of a game, isn't it? you pitch an astronomical level, hit the headline and you make your news. there we go. that's what we're doing. thank you. now this. the founders of black lives matter pressuring the biden camp to abolish the police. abolish prisons. paris denard, black voices for trump, back with us this monday morning. quick question, paris. what happens if they don't get what they want, because i don't think they will get what they want. >> stuart, this is the scariest

moment in history because what you have is proof that joe biden is going to be beholden to the more radical elements of the democrat party. what these organizers, these trained marxists as they call themselves, are demanding is not only a seat at the table but now they are putting forth legislation and i encourage all of your viewers to read the teen vogue op-ed about this. if they don't get what they want, they are going to be so unwavering and they are pushing with their base to get what they want. we have seen the destructiveness of some of these radical elements. so joe biden will have a choice to make. either he's going to stand up for justice and stand up for the right things to do or he's going to be beholden to these radical elements of the democrat party. what we have seen thus far is that he's more inclined to be

hope to be held accountable by the radical elements and listening to the radical elements because we know senator harris is the most liberal member of the senate. she's going to be aligned with them. this is not a good thing for the country. stuart: they do know more elections are coming in 2022, what, 23 months away. going into an election, with the idea that you're supporting abolishing the police or abolishing prisons, all this marxist stuff, i can't see him going into an election like that and having any hope of winning whatsoever. this could be good news for the republicans. >> well, i think it is going to be good news for the republicans but this also doubles down on why it's so important that we win the senate seats in georgia, because if the democrats have control of the house, if the democrats have control of the senate, and if they think they are going to have control of the white house, the radical agenda from the democrat party is going to be sweeping across this country. we have already seen it with things that are being put upon us by these democrat governors

for thanksgiving. stuart: let me jump in on the georgia senate race. one of the democrat candidates, reverend raphael warnock, has said you can't serve god and the military. that's been taken as anti-military. not a good thing in the great state of georgia. do you think black voters will support mr. warnock heavily as they supported joe biden in the election? >> well, stuart, i hope that they don't. i hope they are able to see the good things that these senators have done, especially people like senator david perdue, who has -- is a member of the bipartisan bicamerial caucus in the congress and led on criminal justice reform and has been part of the system to make life better, to improve and empower black americans especially in georgia. i think the contrast is pretty clear when it comes between him and that type of agenda and the radical agenda that is being

proposed on the left. so i hope the black voters of georgia will -- don't listen to the outside actors trying to influence them and actually look at the facts and see where these people lie. you can serve god and serve the military. stuart: i believe you can. paris, i'm sorry, out of time. come back and see us again soon. thanks very much. still on the georgia election, there's a host of celebrities getting involved there on both sides, i think. lauren, run through the celebrities that are going to be there. lauren: oh, the stars turning out. okay. those that are supporting raphael warnock, who is facing senator kelly loeffler, leonardo dicaprio, mark ruffalo and wa que joaquin phoenix. those supporting jon ossoff, jason bateman, patricia arquette and others. we know celebrities bring cash

and potential pitfalls. they can be seen as less credible, out of touch and trying to influence politics in a way they don't live. but they could get the younger people on board. there's 23,000 georgia residents that turn 18 so they weren't 18 for the november general election, but they will be 18 by the january 5th runoff which means they can vote for the first time. one more quick thing about hollywood. georgia is big business for hollywood. black panther 2 is rumored to start filming in atlanta in july and if you look at the tv and film industry in georgia, it's at least $9 billion a year. stuart: $9 billion a year, the film industry in georgia. i did not know that. that is huge. lauren: stranger things was filmed there. a few others. it's big. stuart: didn't know that. lauren, that was a good report. thank you very much indeed. now this. firearm background checks surging but biden plans to crack down on gun ownership with a new gun tax.

i wonder what gun and ammunition guy pete brownell thinks of this. he's on the show. i will ask him. more lockdown rebellions, this time from a new jersey police chief who says he will not enforce governor murphy's limit on indoor gatherings thanksgiving day. he's on the show right after this. ♪ this is decision tech.

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stuart: still a rally, except on the nasdaq. the nasdaq was up 100. now it's down 12. and the dow has been cut from a gain of 250 to 120. but there's still some green there. how about netflix. that stock is on the up -- well

shth , it was on the upside. now it's down five bucks. jpmorgan has a price target of $128 on that stock. roku, needham raised the target price for that stock to $315 and it is up just about 3.5%. $272 right now. snap. they just announced the launch of spotlight. i think before she explains it to me, i think this has something to do with tiktok and instagram reels? susan: think of short music videos with snap's new spotlight feature that allows users to make short form videos very similar to tiktok and reels. the spotlight will show users the most popular spotlight videos as well in your feed. snapchat has more than 249 million daily users and that of course, snapchat started the ephemeral messages -- i say it different to you. okay? look, no ads at launch but eventually they will roll out ads. it should be ad-supported.

that's how tiktok makes most of their money. they are looking at close to $500 million in revenue just for this year. stuart: do you think it's a fad? these cute little videos set to music, is that a fad that will pass? susan: i think it's a $30 billion fad, if it is. look at tiktok. it's only been around for two years. worth $30 billion to $35 billion in the last round of negotiations with oracle and walmart. i would say that it's a growing fad accelerating at higher growth. that's why snap is going after it along with facebook. stuart: susan says it's not a fad. got that? thank you very much. more americans are flying despite the cdc urging us not to travel for the holidays. jeff flock is at chicago's o'hare airport. busy there? i can't quite tell. reporter: no, unfortunately not busy at the moment, stuart. by the way, as we go inside the airport, as many travelers do, got to put the face covering on so we will do that, but there was a huge weekend this weekend. take a look at the numbers this

weekend. usa air travel through tsa checkpoints, the number got as high as 1,047,000 on sunday. that is a record since the pandemic, since march. most number of travelers. that despite the cdc saying basically you are courting tragedy if you travel over thanksgiving. here's the cdc quote. they are recommending against travel at thanksgiving. one of your family members, says the cdc, could end up being hospitalized, severely ill and die. pretty dire. i think it's informative to look at a market like new york, indeed travel will be down at thanksgiving according to all reports. last year at this time, about a million and a half travelers. this year, expected to be less than half that. but there are places where people are traveling more this year than they did at thanksgiving last year. like punta cana, cancun, key west, myrtle beach and

nantucket. destinations inside the u.s., some outside the u.s., where there are more people traveling from new york this year than they did last thanksgiving. you see the tsa line here. good time to get through it because virtually nobody at the moment. we expect that to change as the week moves on. stuart: i'm sure we will. jeff, thank you very much indeed. now, to new jersey, where one police chief says he will not enforce governor murphy's thanksgiving restrictions. andrew cudrick is the police chief of howell township. he joins us now. sir, have you heard from the governor about your decision? >> i have not. he mentioned me at his news conference on friday but other than that, no. i don't expect to hear from him. he mentioned it in his news conference a few weeks ago that he didn't intend for the state police to go knocking door to door so when i say that i don't intend my officers to do the same, i don't think he should have a problem with that.

stuart: in oregon, the governor there is asking people to snitch, by any other word. in other words, if they are in some kind of holiday dinner and there's more people present, they can call the cops and get them over there. would you respond to that kind of call? >> so we obviously rely on our community to provide us with some information. they are our eyes and ears. in a situation like this where a neighbor feels that maybe their neighbor down the street who they may not get along with has more than ten people over, we are not going to respond to something like that. however, a more egregious call such as a large house party, a large gathering, maybe a large crowd at a bar, that, we will absolutely address. stuart: why are you doing this in your particular area? >> i will tell you this. it's perfect for your program here. i was sitting at one of our local pizzarias on thursday and i watched the owner take a phone

call from a citizen who canceled his only scheduled party for this weekend. so they had a little party room and they were going to have i guess more than ten people in attendance and the people canceled because of the governor's orders. that's his livelihood. that was his only income for the weekend as far as the party. i thought to myself, i'm sitting here watching an owner lose his business and what can i do in order to prevent that. so i put an order together for my department basically stating that we're not going to be enforcing this. we're not going to be checking to make sure that a restaurant, if they are having a party, has more than ten people. we are not going to be knocking on somebody's door during the holidays to see if they have more than ten people inside for thanksgiving or hanukkah or christmas. i'm not going to put my officers in that situation. we have a very tight community. even though we are a large town with 55,000 people, but we have

a very small town feel. we are ingrained with our community. our community is our partner. there's no way i'm going to ruin that fragile relationship that we have. stuart: chief, thank you very much for being with us today. i'm pretty sure that most of our viewers will be taking your side on this. thank you, chief. >> thank you. stuart: now we will go to california, where people are protesting the state's new restrictions. lauren is with us. wait a minute. they just banned indoor and outdoor dining in the state -- is that in l.a. county? lauren: yep. stuart: right before thanksgiving. lauren: in l.a. county. in l.a. county, starting on wednesday, and lasting for three weeks, takeout or delivery only. cannot eat inside, cannot eat outside. acts of defiance across the state protesting governor newsom's orders and his curfew. let's take a look. this is huntington beach on saturday. you see the crowds, they are waving american flags, often trump signs. then if you go to san clemente,

the protesters actually burned their masks. yet you just heard from the new jersey police chief, well at least four sheriffs in california say they are not going to enforce governor newsom's orders. orange county, riverside, san bernardino and ventura counties. it's a hands-off approach. it's basically exactly what the police chief just said. we are not going to make criminals out of normally law-abiding citizens and oftentimes people trying to save their livelihoods. stuart: we hear it. lauren, thank you very much indeed. now, the operation warp speed chief, person in charge, says we could be back to normal before the summer. will the economy come back with it? i will ask larry kudlow in our next hour. here's a headline for you. don't eat inside a restaurant. that's from the magazine "the atlantic." they claim the risk of catching the virus is much higher indoors. planet hollywood ceo robert earl

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stuart: the nasdaq may look to texas as a new home for its data centers. governor greg abbott is all for it and the governor joins us now. governor governor, you met with them friday. you think you are going to get the data centers in your state? >> well, i got to tell you, obviously it's a very complex situation that the nasdaq has to evaluate. this would be a monumental move on their part. as you know, one of the reasons why they are even considering this is because of the financial transactions tax that may be imposed by new jersey. however, when i met with nasdaq leaders, they realize there is

so much more that texas has to offer than just lower taxes. there is the cost of power, the cost of electricity that drives their data centers. the cost of power in texas is about half of what it is in new jersey. also very important to the nasdaq is they want access to renewable sources of power. texas ranks number one in the united states for wind. we will soon be ranking number one in the united states for solar. we already have the capability of providing these renewable sources of power to other data centers around the location where the nasdaq is looking at in the dallas area. also, very important for data centers like what the nasdaq is considering, the dallas-ft. worth area ranks the third best location in the entire world for data centers, and the last thing i will tell you, and that is that one thing very important to the nasdaq is having access to these servers that are needed to

be able to make sure the transactions operate efficiently. they have already worked well in the past with dell and michael dell which is of course headquartered here in the state of texas, so we really bring so many different positive attributes, it almost makes it difficult for them to turn down. stuart: you have made a very compelling case, governor. i think that will get them. but i do want to ask you about this. as the caseload is rising in texas, how are you dealing with it? i ask because other states are just clamping down statewide. what are you doing? >> well, so we have already announced that we are not going to have any more lockdowns in the state of texas. one thing we did, however, was several months ago, we did put in place a plan that would work automatically if we had an increase in cases like what we've seen. in texas, we have 22 different hospital regions and if in any

one of those hospital regions, 15% of the beds in those hospitals are occupied by covid patients, it leads to a slight rachet back in the openings. it would mean that in those hospital regions where there are 15% of hospital patients have covid, like in el paso, like in lubbock, it means businesses will be open at 50% and that bars will be closed down for the time period, the hospitalizations remain at that rate. once hospitalizations go back below 15%, they would go back to normal business operations. but we are proud of the way texas businesses have stepped up. we added more than 118,000 new jobs last month alone. over the past six months we have added more jobs every single month. more than 780,000 new jobs over the past six months. stuart: that's a compelling case yet again. governor abbott, thank you very much for being with us. always a pleasure, sir. thank you very much. >> thank you, stuart.

stuart: from one open state to another. ashley webster is in orlando, florida. i think the governor opened that state up, what, two months ago, ash? ashley: he did indeed, stuart. september 25th. he basically went out there and said look, businesses have the right to operate their own hours and take care of their own protocols. september 25th, he lifted all covid-19 restrictions but did allow local governments, local cities, to impose limits only if they could justify why they were doing it. very completely different attitude here in florida. this is a monday morning, mid-morning, as you can see it's fairly quiet. we are at the church street market in the center of orlando. i spoke to the coffee shop over here, asking how's business. they said okay, better than it was but nowhere near where it was before this pandemic began. you will hear that from a lot of people. earlier, we spoke to a gentleman who operates what they call a

truck simulator and this is for wanna-be truck drivers. he has a business in california and one in florida, and he said look, bottom line is it's night and day, as you pointed out, stu. one is open, one is closed. he said i begged local governments to actually talk directly to small business owners and to listen to their concerns and to realize they can operate safely. take a listen. >> i would urge them to meet with them and to realize that one person cannot determine what all the different needs of the people are, and so we have got to relax it. we've got to back off. we've got to let these people make decisions and take the risks themselves. ashley: and that, stu, in a nutshell, is the message we are hearing from a lot of small businesses who are definitely hanging on. here in florida at least, they are able to determine their own future.

back to you. stuart: got it, ashleyme. thank you very much indeed. here's what we have coming up on this show momentarily. the co-chair of brownell's guns and ammunition company, biden may be looking to tax them out of business. a tax on the gun you already own. we will talk about that and try to explain it, too, next. ♪ businesses today are looking to tomorrow.

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stuart: the biden camp wants to crack down on guns when they take office. hillary vaughn is with us. hillary, a gun tax? is that what's being floated? reporter: essentially, yes, at the end of the day, stuart, because under biden's gun safety plan, he wants to charge people to keep their semi-automatic rifles, that's ar-15s and high capacity magazine guns, and in order to do that, people have two options under this plan. either give your gun up to the government, or you have to register it under the national firearms act. that's where the tax comes in. to do that, you have to fill out a 13-page application, submit your fingerprints, a photo of

yourself and pay a $200 tax. but the problem is, a lot of people own more than one gun and a lot of people making under $400,000 own firearms, so basically, people are saying that this ult paimately will be tax on people who make under $400,000 which is something biden has promised not to do. stuart: got it and understood. hillary, thanks very much indeed. pete brownell is with us, co-chair of brownell's, an ammunition and gun company. i will describe it that way. i hope that's okay. these guys are trying to run you out of business. that's what's going on here, isn't it? >> well, this tax that the biden plan is putting on americans is going to make owning and exercising your second amendment almost unattainable by not just people under $400,000 but by anybody. it's a tax on top of a tax we have already paid in this industry. it does scare the heck out of all the people out there that are gun owners, even the new gun

owners out there, kind of running a little concerned right now. stuart: aren't you just going to get a new surge in applications to buy guns? i notice that there have been 32 million background checks so far this year and that's usually the precursor to actually buying a weapon. it seems like every time you get an attempted clamp-down, you get a surge in people trying to buy guns. >> well, stuart, you're right. there will be a surge but there's going to be a cliff we're all running toward if this passes through. that's why it's very important to have this firewall called control of the senate, so georgia is really the firewall win we are hoping for to put a block between what this administration wants to do, this second amendment, your right to own a firearm, and what the constitution really gives us the right to have. what this will do, there will be a big surge but then there will be a cliff and everybody who bought a firearm will have to, like the previous guest said, register it or turn it in. now, what that does is creates a list of everybody who owns a firearm because it's not just

ar-fo ar-15s at risk. there are semi-automatic pistols, shotguns and rifles. that means out of 434 million firearms out there, half of them fall in this category. of the 80 million magazines, those will be 80 million pistol magazines times 200. that's a burden most people can't absorb. stuart: i'm sure it's deliberate. they really do want you out of business. that's exactly what they want. i was out and about in upstate new york over the weekend, hunting season began on saturday morning, rifle hunting, and i ran into a lot of guys who were saying look, you can't buy ammunition these days. there's a real shortage. you seen that? >> we have. some of these categories in shotgun category, 80% to 90% up in year over year so there's still a surge right now. people are voting with their credit card what they value, which is access to firearms, right to exercise second

amendment. it's been going on for decades. the policy flies in the face of safety and what he promised the american people he would do and not do. stuart: i agree. pete, come back and see us soon, please. we would like to keep up to speed on what's going on with this initiative. pete brownell. good man. thank you, pete. big show coming up. look at that. sean duffy, robert earl, ceo of planet hollywood, pete hegseth, of course. we all know pete. and the keyboard guy for the rolling stones, he's also a tree farmer. interesting show, i tell you. ♪ i'm searching for info on options trading, and look, it feels like i'm just wasting time. that's why td ameritrade designed a first-of-its-kind, personalized education center. oh. their award-winning content is tailored to fit your investing goals and interests. and it learns with you, so as you become smarter, so do its recommendations.

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all while maintaining safe, correct form. now it's your turn to lose weight, look great, and be healthy. get off the floor and get on the aerotrainer. go to aerotrainer.com, that's a-e-r-o-trainer.com. >> i think we are simply going to have a bumpier than usual week. >> i think six months from now or a year from now will stock prices be higher, yes it's still a bull market in the long run. >> money is not going to the sidelines, it's finding new homes in different sectors, i think that is great. >> all they do is put businesses in the bankruptcy and put americans in unemployment. >> vaccinations are coming soon, visit astrazeneca, it changes everything, this may alter how we think about vaccinating our older population. ♪ i just want

♪ to feel this moment ♪ stuart: pitbull. susan: he's a latin pop artist. stuart: i know that, pitbull something. susan: pitbull featuring christina aguilera. stuart: the montage at the top a second ago, see what you missed, you have to watch this show from 9 - noon. have you never heard that expression before, the whole 9 yards, the whole thing, you can't pick and choose an hour here in their. susan: you have to have the meat along with hors d'oeuvres. stuart: it is 11:01 a.m. eastern time we're kicking off his hour with another rally up 238 on the dow, green all across the board, positive news on vaccines,

positive news on the manufacturing sector and service sector, added up and you have yourself a rally, the dow is at 29500. now this. this week is going to be a test, a test of our willingness to comply with severe restrictions on thanksgiving celebrations. the cdc advises against traveling, a growing number of state governors insist we limit the number of people around the dining table. don't single shout, we've all been warned, how will we respond, the most american of all holidays. i think there will be pushback, it started already, and may turn into revolts. big demonstrations in california this weekend, protesters unhappy with rules which a governor himself ignored. police chiefs and some states will not enforce thanksgiving limits, that is definite noncompliance. the governor of oregon wants the public to call the cops if they see more than six people gathered for turkey dinner, that something confrontation coming.

we are evidently ignoring the cdc because 2 million people pass through tsa checks friday and saturday. 2 million. in millions of airline tickets have been sold for travel this week. gas is cheap and aaa says 50 million of us will drive this holiday, that's only down 10% from last year. only 10% down. the lockdown side has been forced to play defense. why are schools closed when the science shows infections are extremely low in the classroom. why aren't the authorities concerned about the social effects of lockdown like suicide and drug abuse especially if we are forced apart during the holidays. there is a strong political flavor to all of this, democrats lead the lockdown camp, republicans mostly favor opening up. it's like the election campaign is still with us. sadly confrontation is in the air, not good with the holidays so close.

the third hour of "varney & company" is about to begin. ♪. stuart: let's get straight at it, the idea of how we will handle thanksgiving restrictions. on the right-hand side of your screen sean duffy, fox news contributor. do you think people will go a long with the thanksgiving restrictions willingly? >> no i do not, i think most americans want to celebrate thanksgiving with her families. americans care about their families more than the government. i know a lot of people who are going to celebrate thanksgiving with older parents, relatives, instead of flying they will drive home to see those family members. we are going to do what's right to take care of our families but we want to celebrate thanksgiving together in the socialist, the democrats be darn, we are going to do this safely and together.

stuart: i hope you don't mind me telling our audience, i think they already know you have a large family, you have nine children. what are you going to do, are you allowed to get around the same table? >> in wisconsin we are in many of the states we are not, it's ridiculous we have 11 of us and our families celebrating thanksgiving, that would be breaking the law, we are all going to be together eating turkey and stuffing and doing the whole thing. stuart: the state of wisconsin reports the lowest daily positivity rate in weeks. there were no new deaths on sunday, what is wisconsin doing, is it locking down or an open state? how do you come out with these results. >> we have some restrictions in our bars and restaurants, there is a mask mandate in place but yes a lot of people wisconsin who already had the virus, it was going like wildfire through our state a few weeks ago and there were deaths.

but i also think people are aware that it's here, not just in new york and california and their taken extra precautions as well as we navigated as a pretty big spike in our cases. stuart: the governor of oregon, kate brown is telling people in her state to call the police on neighbors who do not follow shutdown rules, snitch on your neighbor kind of thing. what do you say to that? >> give me a break, stuart. my home is my castle, i don't want the government coming in saying whether i have six people or 12 people over at thanksgiving. again i'm going to do what's right for my guest more so than the government, where they be on butterball turkey and organ, this is the state that has legalized lsd and heroin, you can shoot up heroin in your house but you can have ten people over for thanksgiving, this is the state burning the american flag, tearing down statutes, they hate america, and as you mentioned in your

intro, thanksgiving is an american holiday and if you hate america, why not get rid of the american holiday, that's what's happening. that's what you will see a lot of people pushback and say you know what i'm going to sell the right thanksgiving. the governor should have -- why don't you report the rioters and looters and protesters that a been going on for months in portland, she should ask for that instead of turning your neighbor for having a thanksgiving dinner with friends and family. stuart: i think we know where you stand sean duffy and i'm pretty sure i'm with you. thank you for being here, always appreciated. news from britain, prime minister boris johnson talking about lockdown restrictions. susan: ended the national lockdown on december the second which is next wednesday, that is good news the uk prime minister boris johnson, jim, shop the personal care can reopen next wednesday in the next round of reopening, we don't know when

you can imagine it's pretty soon and that will include the bars in the pubs that can serve alcohol along with a meal, limited opening hours, last order at 10:00 p.m. london time and have to close by 11:00 p.m. boris johnson says he pointed the obvious, christmas will not be normal this year. stuart: was he responding to pressure. his lockdown order was not popular. susan: not popular in the uk we closed on the pubs in the bars but i think they're looking for a national policy when it comes to whales in other parts of great britain to have a deal with the closures in the lockdown. i want to point out the uk led vaccine astrazeneca, oxford says it could be 90% effective in the deep refrigeration and that by the way is straining on the state home winners, the tech stocks, zoom, take a look at the losses and apple as well. stuart: when you get good news on a vaccine estate home stocks tend to go down. susan: the trouble stocks go up. stuart: thank you susan.

one company that has raised $320 million, it allows employees a private company to borrow money against their shares which are nonpublicly traded. josh berman is running this thing called quid and josh berman joins us now. , i'm trying to get this straight, i hope i'm saying this correctly, you worked for a private copy, you own shares in the company, you will lend people money using those shares as security, how they got that right? >> you are good i should have you come on the road with me, that's exactly what we do. there is literally $300 billion of value out there in the united states alone and it is locked up, we work with great technology companies, we unlock that value, we want to increase stimulus in the u.s. and if you

work in a great company, palantir just went public, so did unity and there's tremendous more companies in the years to come that will have really cool great ipos. until your public you might be paper rich and worth a lot of money as a founder on early employees, what we do is we provide them an opportunity to get liquidity were more important exercise your option inefficiently tax plan for capital gains for the rest of your livelihood. stuart: that would pay a handsome fee for this lending facility wouldn't they? >> we tried a little bit of interest, typically 5 - 7% interest, it's not too bad, we do take the chance on the companies because we don't require any of our clients to risk any of their personal risk. in many cases as your a young male or female engineer or marketing folk you don't have many personal assets in your career. they don't have much to rattle law, will take the risk and put up your shares will undo this

muddy and if the company does not do well, that is our fault. stuart: that is good. we have some big ipos coming up. i want to know what do you think about them. airbnb, do you like it? >> i am loving airbnb, when covid hit they had to readjust their financials and balance sheet but as a macro trend i'm driving for my next few vacations with my family and it's an easy convenience and the young millennial generation is more familiar with airbnb and the loving the experience, i'm really bullish on airbnb. stuart: really bullish on airbnb. thank you for joining us, we appreciate it always. >> happy thanksgiving. stuart: if you're not careful i will come on the road with you, you would not want that. [laughter] susan: interjecting. stuart: a fine introduction. you're on your own. show me astrazeneca.

new data shows oxford virus vaccine is up to 90% effective in 200 million doses available in the next six weeks, it is still pending fda approval. the stock is down 3% but the good news on the vaccine and other vaccine makers as you can see on your screen, that has lifted the overall market, good news on the vaccines for the third consecutive monday and we have a rally for the third consecutive monday. vaccine hopes, bad news for some of the state home stocks, do you have any more of those? susan: let's look at the tech stocks, these are the state home winners that have benefited when we've been stuck at home to educate at home and a lot of technology and going online, the facebook, apple, shopify as i mentioned and zoom is a big loser today but the crowd strike has turned things around on the flipside, the travel stock if you look at carnival cruise and

royal caribbean, they are popping along with the airlines, as reopening is closer that means we will probably travel hopefully like we used to pretty soon. stuart: you get positive vaccine news which may mean a real big improvement in her situation come next year. so travel stocks are up, airline stocks are up but stay at home stocks are down, it is across-the-board. susan: seems instinctual, that's a motivator but i would say next year gdp expected to rebound like a v-shaped recovery according to wall street. stuart: that will be nice. a big show coming up, pete hegseth is going to be here and checchuck leavell, he is the rog stones keyboard artist and a tree farmer for heaven sakes. look at this a headline in the atlantic, don't eat inside a restaurant, they claim the risk

of catching a virus is much higher indoors, what will planet hollywood chief executive robert earl what will he say about that, he is here to respond next. ♪ now is the time for a new bath from bath fitter.

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and if we win, we get to tell you and doug. how liberty mutual customizes car insurance so you only pay for what you need. isn't that what you just did? service! ♪ stand back, i'm gonna show ya ♪ ♪ how doug and limu roll, ya ♪ ♪ you know you got to live it ♪ ♪ if you wanna wi... [ music stops ] time out! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ stuart: americans are backing the cdc guidelines, they are clearly heading to the airport and drones, jeff flock is at o'hare international airport, you fight all the time, do you feel safe? >> i do, i fly between here and philadelphia every week because my wife is in philadelphia, there you go.

i know the increase in travel every week, if i started out in march there were six people on 737, now it's almost awful, i fly southwest and we have pictures inside midway, obviously it's still a ways down but more travelers than before. if you look at the chart, this is something that oag did the folks at the official airline guide did in terms of capacity, capacity in the u.s. in terms of flights has grown much greater than international capacity, we have a a lot more flights available and we told you last hour people were flying from new york to, those with cities where people were going more last year than this year, take a look at the ones west, that is places like london, boston, chicago, l.a., business travel hubs, those are way down and i'll

leave you with the numbers on the airlines, talk about the impact on the airlines, we haven't talked about that lately but you look at the losses, $36,000,000,000.1 in four planes parked, 90000 jobs lost or laid off and $180 million burned of cash every entered day. stuart: jeff, thank you for being here, we appreciate it. we have been telling our viewers all morning the atlantic, the magazine to not to eat inside restaurants they say the risk of catching a virus is much higher indoors, come in robert earl, the ceo of planet hollywood, robert, good to have you back. what is your response to that? >> the second lockdown that we are experiencing at this moment will undoubtedly be the debt for

a diverse group of restaurants without a second ppp it is going to be hard to hold on for most of these private restaurant groups and independence just when things were getting a little better, we have to go back to basics, the industry is an unmitigated disaster at this moment. stuart: the atlantic, this magazine says don't eat inside because you catch the virus more easily if you eat inside, do you agree with that scientifically question a. >> i wish you had said scientifically because i'm terrible at science in school but i would tell you the following with over 10000 employees the number of sick employees has been minimal, they have been really diligent if anything happens we would have closed down as a procedure and

they would state home 14 days, new team would come in and there would be a spring cleaning and we have not experienced customers commenting that they got sick with us. i don't know where you want to draw the line from going in to a mall or an airplane, now certain states as of yesterday has suddenly decided that outdoor dining is just as risky and we've been closed down from wednesday in california even with outdoor dining which has been brilliantly done by so many restaurants, they have done it sso, so well, they put temp temy rules, divided everyone. stuart: which would you rather have, a lot of money from the government or just the ability to open up and serve your customers? >> i think i would like both, you know me, i think for us our

largest trading. has been damaged because the holiday time when everyone goes out to restaurants and parties. i feel that ppp is essential that it comes again and it's going to be summer 21 before the consumer has sufficient confidence to go back and eat, i'm taking the vaccine quickly, hopefully you will and let's spread the word when it works. stuart: thank you for being with us, very difficult situation that you guys are in but they keep her telling us all about it. robert earl planet hollywood. take a look at this, align outside the first in and out burger in colorado. it opened this weekend and some people waited 14 hours to grab a burger and fries, must be spectacular good food, there is the line. get in the line.

if you want a beer with a burger you can get one delivered by reindeer. did i read that right? was that a joke? lauren: it is reindeer, it is not a joke, if you live in denver or cascade you could enter the contest and have beer from the brewery delivered by reindeer, the best part it is free, many k of their christmas and the delivery and then it comes right outside your house, you take pictures, feed the reindeer, a nice way to say merry christmas. stuart: would you want your neighbors to know that you had a reindeer deliver your cake. it does not quite work. lauren: i don't know if you can party together, you are joining them, people from another household, maybe outside you can enjoy a beer together. maybe that's okay, a free meal.

stuart: thank you, check the casinos, the lockdowns and california could threaten the recovery in vegas. susan: it's right next door, new restrictions will choke off the car traffic which has been rebounding for instance vegas you have car traffic surging 8% from last year's air travel is being decimated dropping 57% in october, people are driving in, not flying in so if you have restrictions in nearby next door states, that's a problem, we've only seen 15 million visiting thvegas strip compared to the 45 million, that is hurting the economy, daily revenues on 45% from december a year ago, people are losing their jobs, some say 250,000 jobs, if you look at the exterior, restaurant, hotel, hospitality that some many people lose their jobs. stuart: it goes on and on,

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stuart: susan tommy how to get fox business on my phone, it's incredible. look at the market were up on the die 150 odd points, 29400, slightly lower for the nasdaq, breaking news from blackrock. susan: the world's biggest money manager, getting bullish in u.s. stocks upgrading u.s. equities

to overweight and they say within u.s. stocks they prefer the quality, large caps and smaller committees geared to potential upswing, i'll explain in english, the economic recovery when the economy opens or get wider vaccine distribution, they are going under the european equity, by u.s., cut the european holdings and you will make money and large caps in the smaller ones that benefit from reopen. stuart: they manage more than a trillion dollars. susan: 6 trillion actually, the founder and ceo larry has been rumored to be biden's treasury secretary pick. stuart: that would not surprise me at all. if she can manage 6 trillion. susan: plus you get a tax break on your holdings in your stock. stuart: the dow is up 150, the national baseball stadium in d.c. turned into a mega covid

testing site, edward lawrence is there, are these people being tested because they want to make their thanksgiving plans, i think there is lines. >> the testing is not over for another couple of hours but there will be lines, the anticipation is the reason they will use the stadium, people going to hollywood dinner somewhere. there are new rules, if you come from a list of states or areas you have to get tested before you could do your activities in the d.c. area. also the site will be open in other sites have been expanded further hours around the d.c. area for people after the holiday break coming back from the thanksgiving dinner will need to get tested as they come into d.c. area or want to get tested because somebody was maybe sick around the table. i got tested this morning before i came into washington, d.c. i was in north carolina on friday for your show and when i came

back here under the roles i had to get tested, i tested negative but they're expecting huge demand. stuart: i bet you will have lines around the block. all morning long we've been discussing the idea of confrontation as we try to impose restrictions for thanksgiving. james freeman is with us from the wall street journal. i'm expecting confrontation, i expect a lot of noncompliance, i don't think were real happy in america about locking down on thanksgiving, what do you say? >> i think there's a lot of resistance to lockdown and with good reason, i think we have seen lockdowns had an warmest collateral damage that the politician to impose them did not consider, we see again in new new york city clues closing in city robbing these kids of their future earnings, even though we know they are at little risk.

i think this blunt instrument of lockdown with all of its damage has proven that it creates enormous problems and in many cases does not necessarily solve the problem. we have seen to this point the highest per capita death tolls are in new york and new jersey, two states that have aggressively lockdown activities for much of this year. i think it people are saying enough wood lockdowns, let's rely on personal responsibility, let's wash our hands and get tested when we can, could care to avoid infecting the vulnerable i think they have good reason for that. stuart: j.p. morgan big investment on wall street, they say the first quarter next year the economy will decline or the rate of growth will decline, analyze rate at 1% because of the covid restrictions, is that a possibility, a declining economy because the restrictions

were putting in place now? >> it is absolutely a possibility and we have to remember as hard as this year has been we really in many ways have not had to pay the bill for the economic shutdowns in other words people's taxes have not gone up to pay for all the government spending, all of the debt, we have not had a price to pay so far in terms of all the money creation from the federal reserve. eventually, you will think there will be some kind of reckoning into people are saying let's continue to borrow and spend and prevent people from living their lives, there will be a cost and it will not just be economic as we seen during the shutdowns, a lot of non-covid illnesses have been ignored and it's a general loss of perspective, i don't think most people realize that ten times as many people this year in the u.s. will likely die of other things then have been

killed with covid. stuart: that is something, i hope you enjoy your thanksgiving, the great state of new jersey. see you soon. still, this program today, rolling stones keyboardist chuck levelegal has a brand-new documentary. the governor of new jersey is confronted at the restaurant days after telling people it is too dangerous to have thanksgiving celebration. pete hegseth will be on next. ♪

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stuart: florida is not imposing

any new lockdowns as we approach the holidays. let's go back to ashley in orlando. i have this comment, just because the state is open for business, does not necessarily mean business is booming right? >> that is exactly right, that could be the headline of the story, earlier you were talking about how many more people are traveling by plane this holiday, that is critical for orlando, we have not seen a huge influx of people in orlando and it will take a lot more for this area to fully recover but the theme parks are very limited capacity and i want to talk about the jobless rates that is so rely on the service industry, number one, for unemployment, then employment rate last month 10.4%, number two miami-dade at 8.8% in right here in orange county, orlando the unemployment

rate is 8.5%, this is all last month statewide average at 6.4%. it is one thing to be open as you say but unfortunately on a day like today it's beautiful, market here on church street, downtown bustling, pretty quiet i spoke to a gentleman who owned the bar in central florida earlier, it's a bar music venue, he said he doesn't get any financial help, he and many of his industry cannot survive. take a listen. >> 90% will go out of business, there is no way to dig out of a hole like that without the support, some people have been lucky enough to get state funding, i'm still trying to do that in florida but we need the federal funding to get out of it. ashley: so far that money has come very quickly, as i look behind me there is business down the street called house, mary's hamburgers across the street, both of them are closed on

mondays. they are only good open when they can maximize the number of people around, that gives you an indication, it's still a long way to go to get back to normal. stuart: well said, thank you very much indeed. new jersey's governor phil murphy is confronted while eating maskless at a restaurant days after he told people not to go outside their bubble for thanksgiving, pete hegseth is with us oxen friend cohost. it is another case of how do they expect us to accept these restrictions when they are ignored by the people making their restrictions, i see confrontation coming. >> of course they cannot accept that and they don't because they don't believe their own rules. i like to be surprised by all this hypocrisy but i'm not at all. this is the way the so-called elites leftist control, obsessed

governors operate, you peasants out there, these are the mandates we will thrown top your life to make it possible under the banner of health but we will live in our own bubble where the rules do not apply to us and we don't get hit by the consequences of her own mandate, the states that are doing it right are giving guidelines and respecting individuals enough to make their own choices, the states doing it foolishly or pushing mandates and that pushes everything underground, people will have thanksgiving with as many people as they like whatever the state says, they will find places that will provide the services that they need it's a restaurant and the others that require the public aspect that livelihoods are being crushed, this will come to a head and we've seen high-profile examples like in new jersey, people will stop ignoring mandates. stuart: it will come to a head, somehow or another, somewhere in america because i get the imprint that the lockdown people, the people that want to restrict everything, they are in retreat, their plane defense at

the moment and it's the open up states that are doing well and saying come on, you got to get like us. >> it is round two, full me once, shame on you, for me twice shame on you. 15 days to stop the spread, now i know more about the science and you're still locking my churches down in my schools and my business down, i figured out how to live within this and who to protect, respect me as enough as a citizen, these are to be people leading this because it's crushing their livelihood. stuart: what he think happens if we relax for thanksgiving in another wave of infections and they tried to do the same thing again all of her christmas and into the new year, what happens? >> i don't think they have a plan to stop, i think they will continue these lockdowns, look at minnesota closed for four weeks straight, my state has taken a common sense approach,

virtual this week and next week because they know families will gather with a plan to go back in person which they have been this entire time, a catholic school, it doesn't have the teachers union reading down its neck. stuart: before we close i want to make a statement about bitcoin, you have been on this program for a couple of years, i am a believer in bitcoin and i always pooh-poohed it i said no way. as you know bitcoin approached $18000 per coin, i have egg all over my face, here is a professional apology to you for my nastiness about bitcoin. >> you are a gentleman, no apologies needed i won't gloat all the say i was right. i almost hi missed the hit is at 186 right now, i love you because you look at everything skeptically at first but if it works improved around, you will admit it, i make a lot of mistakes.

stuart: i'm not even in it yet, pete hegseth, thank you very much indeed, we will be checking out the new book, a new fox nation special called marvin warriors, the both available now, he is a good man. what is this i hear about holiday decorations flying off the shelves earlier than usual, christina parts and all of us in new york city, some stores are warning about a decorations shortage. >> really, so many people are shopping early, the season to finally be jolly which is why they came here to nyc trees in west manhattan there seen a lot more people come to the location to pick up the tree versus ordering online because they're worried about not having enough trees. again according to you go a survey of 2700 americans found that 27% have already set up the holiday did the court in their home so people are moving

earlier, buying things earlier i caught up with the ceo of boston hill they deliver artificial trees and holiday decor and he's urging people to shop early due to delays. >> are shipping partners from ups and fedex, we have major capacity constraints that are placed on us and all big e-commerce shippers, we experience those two months ago, were experiencing this now but we have thousands of packages at different points across the country that cannot ship out just because they cannot get into the system. >> he like many other companies are warning there might be delays so you better get out there and shop early. stuart: thank you very much indeed, next case when he's not rocky with mick jagger, chuck leavell is fighting to save the environment, rolling stones green kind of guy, he joins me next with a look at his new documentary. he's got one and he is next.

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>> chuck leavell ladies and gentlemen. stuart: the brand-new documentary the tree man, it's about the length of the "rolling stone" keyboardist and fellow tree farmer, chuck joins me now, your environmentalists, tell me about the movie, give me 30 seconds while we got the time. >> great to be with you, my tree farming brother, three themes to the film, musical career and the environment and they love story between my wife and i who have been married for 47 years, that is a movie i definitely think. let's pointed out to our audience, you grow love lily pine and i row hard timber in the east, and you grow your pine in the south. >> i was looking at a wonderful article on you earlier today and i see that you have great black

cherry and red oak and other hardwood species, your property look beautiful, on the southeast it is much different, we are engaged in the restoration of longleaf pine, we have we hundred 50 acres of longleaf that we planted in the last 20 years and we do have a lot of lolly and we have/pine and i'm engaged with the american chestnut foundation, we have planted chestnuts. stuart: good for you the great american chestnut was wiped out in the 1920s that came over from asia, before we leave i gotta get this in, what is the association, i don't understand rolling stones, i don't think of them as super green environmentalist, close it out with 20 seconds of that. >> this happened long before i got with the rolling stones, my

wife inherited land from 1981 from her grandmother and i investigated a number of ways to move forward in for history felt a personal connection because where does that marvelous thing that's given me so much joy in a great career come from, the source of wood. stuart: indeed, good connection, chuck leavell, come back soon, good to see you again, the tree man i will watch. stuart: we will have more "varney" after this. ♪ before money, people traded goods. tools, cattle, grain, even shells represented value.

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stuart: well, ladies and gentlemen, that song is by the beatles. happy birthday. special birthday shout-out, the lady on your screen, left-hand side, ruth, turned 103 today. she is our producer christine's grandmother. you can tell, actually. there's a distinct likeness. christine, our producer, i'm talking to you. you've got very very good genes. susan: you will live a long time. stuart: that's for sure. the young lady in the picture there is christine's daughter. we wish her a very happy birthday. we understand ruth does not take

any medication of any kind. she has no ailments. she's going strong at 103. we can only hope for such a thing. susan: we asked what's the secret, is it booze and boys? who knows. stuart: we're not going to get into that. there you go. hey, neil, it's yours. neil: that's a pretty impressive run. my goodness. that's amazing. it always comes down to the genes, good genes. you either have them or you don't. thank you, my friend. we are looking at a couple developments at the corner of wall and broad. they are focused on rising because vaccine promises keep coming. there's a fourth one joining the ever-crowded field. interesting report over the weekend how we could see upwards of a dozen promising treatments for this as the weeks and months come along. more on that in a little bit. also focusing on the trump campaign ramping up the legal fight, trying to delay certification votes in states like michigan