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tv   Varney Company  FOX Business  November 25, 2020 9:00am-12:00pm EST

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in coronavirus cases could keep people out of the stores, including old navy, gap and banana republic. thank you so much to brian and steve for all of your energy and spirit this morning. gentlemen, have a blessed thanksgiving tomorrow. that does it for us. ashley webster is in for stuart. ashley, what do you bring to the table? coat in the hole? ashley: well, one can only dream. yes, a lot of gravy, a lot of mashed potatoes. i'm that kind of guy. have a great thanksgiving, dagen. be good. good morning, everyone. i love mashed potatoes. i'm ashley webster. here is the big story on this wednesday. great news on the vaccine front. cdc director robert redfield telling fox the vaccine will be rolled out in the second week of december and that's not all. we will tell you who is going to get it first. meanwhile, millions of americans already hitting the roads for their thanksgiving. we will take you live across the
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country. already getting crowded out there, including to chicago and los angeles. always crowded in los angeles. speaking of l.a., the mayor eric garcetti is urging people not to travel or he will fine you. also ahead, we have one restaurant owner who is openly defying his state's mask mandate. no masks for customers, no masks for employees. he's here in the 10:00 a.m. hour to explain. but let's take a look at the futures, why don't we. one day after the dow surged past that 30,000 mark, just down a little bit in the premarket, as you can see on the dow and s&p. the nasdaq up about .25%. we will see where it goes today. yes, we've got a big show lined up. "varney & company" begins right now. ♪
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ashley: little bit of funk courtesy of sly and the family on this eve of thanksgiving, get you in the mood. we are also going to bring you this. cdc director robert redfield on vaccine distribution. roll it. >> the vaccine is going to begin to be rolled out probably by the end of the second week of december. i do think we'll have about 40 million doses of vaccine before the end of the first of the year. that's enough to vaccinate 20 million people. but then it will continue through january and february and hopefully by march, we will start to see vaccine available for the general public. ashley: all sounds very optimistic. millions of doses, just weeks away from distribution. lauren, who gets them first? lauren: well, you just heard, 6.4 million next month, likely
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health care workers, ashley, and those most at risk. but it's going to be the states' decision, using federal guidelines. what the government is doing is doling out to the states based on the state's population, not priority, population. they want allocation to be simple, ready to go once pfizer does get that emergency approval from the fda and of course, as you know, moderna plans to submit for approval very soon, ashley. ashley: all right. thank you, lauren. good morning to you on this thanksgiving eve. let's bring in dr. matt mccarthy. doctor, thanks for joining us. does this timeline seem realistic to you? is this possible? >> yes, this is exactly where we are headed. on december 10th, a group of experts are going to meet and look at the data, the data that we haven't yet seen, and are going to decide whether or not to recommend one of these vaccines, pfizer's vaccine, to the public under an emergency authorization, which means it will still be experimental.
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then we have to figure out who gets it first, and there's kind of an existential struggle here. do we give it first to the people who are most likely to die, or the people who are most likely to spread the virus? the cdc is starting to tip their hand a little bit here and say by giving it to essential workers, they are prioritizing people who are most likely to spread the virus. that will be a really important thing to watch december 10th or so so that we figure out who actually is going to get this. i suspect i will be in the first group as a front line health care worker, but i haven't seen the data yet so i don't know if i actually want this thing or not. as soon as i make up my decision, i will certainly let you know. ashley: that's interesting. look, there are so many different vaccines being talked about. this one in particular, do you need two shots or is it just one shot and you're good to go? >> pfizer's requires two shots. the thing we need to start telling people is that you may not feel great after you get the first shot. one of the things we worry about
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is that people may get their first dose and say ugh, i felt lousy after that, i felt worse than if i had actually gotten the virus, i don't know that i want to come back for the second shot. that's going to be a big problem, because this 95% efficacy that the company is reporting is based on essentially best case scenario which is a research study where everyone is coming back. we don't know if people in the general population will be willing to get that second shot, and documentation is going to be a huge issue here, and recordkeeping. you can't get one shot of pfizer and then another shot of moderna. this has to be done in a very specific way to work. ashley: yeah. there's a lot of questions that have yet to be answered, to your point. by the way, the cdc is looking to, we understand, shorten the quarantine times. do you think that's prudent? >> you know, i do. the big issue here is that 14 days, a lot of people just aren't complying with it. if you look at the data, most people, 97.5% of people will
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develop symptoms by day 11 and a half after exposure. they picked 14 days just to err on the side of caution. now this is looking like it's a bit too cautious. so what i expect to see is a new recommendation, if you are exposed to coronavirus, you should quarantine for 7 to 10 days, then with a negative test, you can get back to normal life. this is thought to capture most of the people who will be infectious and be a far more prudent approach. it's one we have been thinking about for awhile. i'm glad to see them take this step forward and say you know what, we really need to come up with recommendations that people will actually follow. ashley: i wanted to ask you this question, too, because this is getting a lot of attention, especially today. los angeles banning outdoor dining from 10:00 p.m. tonight for about three weeks. from a medical standpoint, is that justified or is that over the top? because i thought outside dining with proper social distancing was okay.
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>> right. so this again is based on cdc study which showed that people who tested positive for coronavirus were twice as likely to have reported that they had gone to a restaurant. the thing about this is, that study did not differentiate between indoor and outdoor dining. indoor dining is considered a high risk activity. outdoor dining, from what we know, is not a high risk activity. what this reminded me of, frankly, is the mayor of new york city closing public schools because of an arbitrary threshold that was reached, a percent positivity. when you look inside the schools, they are not superspreaders. we have no data to suggest that outdoor dining is dangerous. as you just saw from the unemployment claims, continuing to go up, this is a really big deal to be closing down outdoor dining without evidence and there may be a backlash. there may be an issue where people are less likely to follow guidance if it's not based in
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sound science. so i'm with the people who are concerned that this recommendation was made somewhat arbitrarily. what we need here is a surgical scalpel approach, not a buzz saw. what you're seeing are these very dramatic sort of over the top decrees that don't always base themselves in science. ashley: absolutely right. the restaurants actually sued l.a. county and lost in court, saying l.a. can do it but it's devastating news for the restaurant owners in los angeles county. dr. matt mccarthy, great stuff. thanks for joining us today. >> thank you. ashley: all right. let's have a look at the markets, why don't we. after an historic day with the dow hitting 30,000, now we are just under that in the premarket. down about 64, 65 points on the dow, the s&p lower, the nasdaq slightly higher. good time to bring in our good friend, marc tepper. good to see you.
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we hit 30,000. nothing more really than just a psychological level. we can all wear our hats now with dow 30,000. where do we go from here? >> well, ashley, no question about it, the path of least resistance is up, especially with vaccines on the way. when the dow was at 28,000 i heard a lot of people saying 33,000 by the end of the year 2021. i agreed with that. now it seems like a layup at this point. but ashley, here's the thing investors need to be aware of when you look at the dow. the dow is a price-weighted index versus the s&p which is cap weighted. with the dow, the price per share matters. here's why that's actually relevant. the biggest weighting in the dow is united health at $336 a share versus apple being the biggest weighting in the s&p at $115 a share. right? so big, big difference there. the stock price is three times as high despite the fact that apple's market cap is six times that of united health.
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so as an investor, i think it makes sense to take a look at the constituents of the index and figure out the ratio within that index. ashley: interesting. you say holiday shopping is going to be big this year. how big? >> i fully believe this holiday shopping season is going to be the strongest we have seen by a lot. you are telling the grandparents they can't see their grandkids, they are going to tighten the belt buckle and spend less on holiday gifts? no way. you're going to see kids getting more lululemon, more nike, more apple products, more video games. most of it's going to be online shopping so stick with those companies that have a good online presence and a good direct-to-consumer model. i wouldn't expect the nordstroms of the world, the macy's of the world to be the primary beneficiaries of this shopping season. ashley: you like activision blizzard. we talk about this stock from time to time.
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people who love it, love it. why do you like this stock? >> we have black friday/cyber monday coming up. that's a big reason. i have a 9-year-old son who is begging for the new play station, the ps5, and they are all sold out. if you want, you can go and get gouged on ebay and pay a 300% markup but not a lot of people want to do that. it's pretty obvious video games remain in high demand, especially as we are seeing an uptick in lockdown predictions. ac ac activision has some of the best ever, call of duty, world of war craft, they even made the transition to that free to play model which has been so successful for so many companies. their fourth quarter release schedule looks very very strong. i think it's going to be a great fourth quarter for those guys. ashley: hope your son's not watching. right now he's sweating it, thinking i might not get that playstation 5. don't panic.
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[ speaking simultaneously ] ashley: panic buying. it's expensive. mark tepper, thank you so much. really appreciate it. now this. los angeles mayor urging people to stay home for thanksgiving. travelers need to follow form and if they don't, you better believe there's a fine. we're on that story. despite warnings, millions of people are traveling for the holidays. just take a look at this flight map. that's a lot of little yellow planes flying all over the place. yes, people are traveling. also, what does football look like on thanksgiving this year? i think the big game, steelers/ravens. we'll see. we are all over it. of course, your money. stay with us. the thanksgiving edition of "varney" just getting started. ♪
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ashley: the real estate boom, well, it just keeps on going. lauren, you have the latest numbers for us? lauren: it's like the energizer bunny, right? mortgage applications rose 4% last week, and 19% from last year. let's take a look at refinances now. 79% higher than last year, at the highest pace since last april and guess what? 19 million additional borrowers could still save money by refinancing at these record low rates. i'm one of them. i need to get on this and do it finally. this is the bottom line right now for the housing market. this is a slow season but not this year. everything's different in 2020. the housing market is red-hot.
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there is one thing holding buyers back and that is supply. you simply cannot buy what ain't being sold. we need more supply. ashley: you certainly can't. that means prices going up. lauren, thank you very much. let's bring in economist john l lonski. what do you make of these numbers? the real estate market is hot, no doubt, but a lack of supply, prices are going up. is that starting to hurt the ability of first-time home buyers of getting on the ladder? >> oh, that's true. affordability is becoming a major issue for some of these first-time buyers who simply don't have enough money to make that down payment. nevertheless, i think when you look at these housing numbers, they are super fantastic. they are great. let's not forget that after you purchase a home, usually you have a host of different expenditures that are related to a newly bought home and i
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believe these derivative expenditures that accompany the purchase of a home are going to provide us with some support to consumer spending going well into 2021. ashley: also, we got the initial jobless claims for this past week, coming in at 778,000, little higher than expected, continuing jobless claims also just a tad higher. what do you make of that? where is the economy right now? >> well, i think it's still growing, it's still doing well for the fourth quarter, but this increase by jobless claims bring attention to how recent lockdowns and resurging covid-19 are curbing business activity. we may not really feel the brunt of any drop in activity brought on by resurging covid-19 until the first quarter of 2021.
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growth-wise, i think we are going to have a good solid fourth quarter. i'm more worried about the first quarter. all this brings attention back to the simple fact that this recession was entirely about covid-19 and if you can develop a vaccine for covid-19 and get it distributed rapidly enough, you are going to have a v-shaped recovery. you are going to have real economic growth in 2021 of perhaps 4.5%, if not a little bit higher. ashley: but we are seeing more states take more drastic measures with regard to the increasing covid cases. l.a., by the way, county is banning outdoor dining for three weeks starting tonight. how much does that -- i know it's a state by state case, but how much damage does that do to the recovery? >> it does some damage. it makes matters worse for industries that are already hurting. bars and restaurants, lodging
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and the like. that's why it's of critical importance to get financial assistance to these businesses and employees that are being directly hurt by covid-19. ashley: yeah. once we do get the vaccine, and we continue to say this, but once it comes, will we be right back to where we were before we even knew what covid-19 was? because the economy then was on full, you know, full bore engines. it was firing along, humming along very well. >> i think the u.s. economy is going to recover at a faster than expected pace. many of us are going to be surprised at how quickly economic conditions are normalized once a vaccine takes effect. that's what we're seeing in the equity market. we have record highs for equities in anticipation of a vaccine. i want to add also, we did have
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troubling news on jobless claims and if the market saw this latest increase by jobless claims as signaling a possible downturn in economic activity by 2021, treasury yields would have plunged. instead, i think the ten-year treasury yield barely dipped from 0.88% to 0.87%. markets are not concerned yet and the reason why they're not concerned is because they believe that an effective vaccine will be widely distributed by the early part of next year. ashley: we look forward to that moment. john, as always, thank you very much. much appreciated. talking of john, how about john deere. i always think of stu on his tractor when i say john deere. they reported this morning, lauren. how did they do? lauren: thanks for the image. i just want to point out this stock should open at a record high this morning.
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they gave an upbeat outlook. that's what it's all about. you don't often get an upbeat outlook these days but when you do, you are rewarded. deere reported sales better than expected. revenue did fall about 2% to $9.7 billion but that was enough to impress wall street. the ceo crediting higher crop prices and stronger demand for farm equipment for their optimism going forward. stock up 3%. ashley: look at that. all right, thank you very much. as we go to the break, we will be opening this market on the day before thanksgiving, after the break as you can see slightly down on the dow and s&p. the nasdaq slightly higher. as we go to break, take a look at the very different times square on this thanksgiving eve. plenty of elbow room. we'll be right back. ♪ it'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?
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ashley: all right. let's take a look at the futures. little mixed this morning, little muted after yesterday's record run. let's bring in market watcher shah gilani. shah, the dow passes 30,000, now slightly under it in the premarket. does this kind of landmark, this milestone, bring in more money off the sidelines, do you think?
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>> yes, it does, ashley. it brings in a lot more money. the base of the market has broadened in terms of participation in all the different sectors has been robust. that sets a very nice put underneath the market as far as investors are going. there will be more money coming off the sidelines, a lot of it chasing this rally. this portends a much higher market certainly in the next three, six, nine months. i'm calling for maybe 10% to 15% next year, if not more. ashley: wow. that is a huge gain. shah, i understand you bought more microsoft. why? what's the reasoning? >> well, the earnings have just been great. the last four quarters, their earnings have gotten higher and higher, better and better, and each time they have really trounced analyst expectations. last quarter, their earnings were -- they beat earnings estimates by almost 19%. so their earnings are going in the right direction, trajectory is tremendous, the cash position is close to $150 billion and they are just hitting it out of the park.
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they are hitting on all cylinders. i like the reach of their business, the ecosystem, if you will, is growing for all of their products, and it's just one of those go-to companies that i'm always going to add to any time there's a bit of a dip, i'm going to add more to microsoft. ashley: you just answered my next question. based on what you just said, any pull-back for you has to be a buying opportunity. not just for microsoft, but for the broader market. right? >> yes. it's been that way for going on a year now. really, especially that accelerated in the summer. i was a little cautious because of the pandemic, obviously. once we got through the summer and we equalled the previous highs in the market in terms of the benchmarks and a lot of these stocks were going through the roof, every pullback to me has become -- every 5% pullback is an opportunity to buy. 10%, buy more. 15%, if you get that lucky, buy a lot more. we're not getting those kind of moves. microsoft was down about 7.9%. certainly time to buy in there. so i'm looking at the stocks
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that are looking like they are starting to go on sale. i'm looking to accumulate positions in those again. the market, again, the base has broadened and really, the earnings projections for next year are improving. analysts are starting, they are starting now, to rachet them up. ashley: shah, i feel better just listening to you today on this day before thanksgiving. great stuff. as you saw the bell ringing there, now we start to see the trades. little bit more red than green. pretty much what we expected based on premarket. the dow off about 70 points or thereabouts, bouncing about. salesforce.com on the top end, jpmorgan, dow, ibm down at the bottom so far. very very early days. 25 seconds into the session. take a look at the s&p, if we can. also closed at an all-time high yesterday. the s&p, there you go, just down about .10%, down three points at 3632. as for the nasdaq, do we have a slight gain there?
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as was forecast? yes, just up about .2%. the nasdaq, 12,057. so let's take a look at the vaccine stocks. of course, we are talking a lot about vaccines. lauren, the first vaccines could be available, we understand, within weeks. lauren: yeah. the fda is meeting december 10th to approve for emergency use the vaccine by pfizer. operation warp speed officials say the vaccine will be allocated immediately after approval so that's 20 million americans will get dosed this year. we have three drug makers, vaccines that are at least 90% effective. that's very good news. why aren't the stocks up even more today? they have gained so much this year that they can't just continue to rise. especially after the dow hit 30,000 yesterday. ashley: right. shah, let me bring you back in. we have seen more cases of covid but the market seems to be brushing that off because of all this vaccine news.
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that's what's a big driver right now, is it not, of the optimism on the markets. >> it is the principal driver. it's not the only driver. earnings are really good. they have been better than expected. market watchers are looking at earnings first and foremost. on top of that, you have the prospect of several vaccines and the economy opening up. it's closing right now but everyone knows we will see the other side of that perhaps within a quarter, perhaps sooner, and that means 2021 is going to be a great year. there's a lot of pent-up demand consumer-wise and business-wise. supply chains need to get fixed. there's a lot of work that has to get done. that's all going to generate business, that's all going to generate profitability so that's really, that's the backdrop for me as far as the market goes. it's very positive and it's driven by the vaccines. ashley: all stations are go, as they say. let's take a look at the airlines, if we can. lauren, we know millions of americans are planning to travel for their thanksgiving and even the airlines are benefiting, right?
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lauren: what a week for the airlines. five million people traveled between friday and yesterday, but ashley, today is the busiest day. so with the vaccine news and the fact there is pent-up demand, airlines are down right now but let me show you the week's numbers. american up 16%. united up 10%. when you look at cruise lines, i know you can't sail right now but a vaccine is so encouraging for that sector. carnival is up 12% this week. travel stocks, what a week on three doses of good vaccine news. pfizer, moderna and astrazeneca. ashley: exactly. shah, let me bring you back in. any of these names in the travel industry interest you? they are so beaten up but eventually they will come back, right? >> you got to have staying power if you want to go into those. we go in and out of some airline stocks, we trade them. we haven't traded any of the cruise lines. we have been in stocks like expedia and trip adviser and we made money on those. but we are trading those. i'm not positioning long term
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for those. especially the airlines. the losses are so gigantic, it wouldn't surprise me to see one or two of them declare bankruptcy. when you are playing the equity game, that's a death trap. i think investors should be cautious about buying and holding those. you can certainly have good trading positions, cut them in half, we end up with the stock for free if you have a great run. that's a good way to play it. just sitting there long term with the future in terms of their earnings, really in doubt, it's not a long term. it's very speculative right now. ashley: takes a strong stomach, as they say. all right, shah. let's take a look at gap. big drop this morning after yesterday's earnings. lauren, what happened to the gap? it's down 17% this morning. lauren: yeah. you know, this earnings report is not as bad as the reaction that you're seeing on the screen. look, same store sales surprisingly rose by 5%. revenue, just about $4 billion.
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earnings fell short. mostly because gap is spending so much money on marketing. another problem is, and this is what executives said on the call, they are seeing this rising number of infections and they are worried that will keep people out of their stores. so how they are playing that is they are ramping up different ways to reach shoppers. that's where the marketing expense comes in. they do hope overall it's a good holiday season. that you channel your entertainment budget, going to see plays and shows and traveling places, to slippers and sweatpants and those sorts of clothes that they sell. ashley: nothing wrong with those. all right. shah, anything surprising there to you? >> it is a little surprising to me because the numbers were slightly better than expected. there's a huge short position against gap. i would have imagined we would see a little bit of a pop. i think the fact the gap has already hiked up a lot further and again, in anticipation of
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better earnings and anticipation perhaps the shorts would have to cover that when the news came out, it would sell the news. at this point the run on gap is kind of over. this is part of what we are seeing a lot now, these expectations are being built into these stocks and any kind of miss or just an expectation not being met, or simply i have had enough profit, i'm out, the stock will tumble as gap is doing right now. ashley: great stuff, shah. thank you very much. lauren, i should also mention hp reported. good news there? lauren: yes. stay-at-home is very good for them. notebook sales up 18% in the quarter. why? we are buying devices so we can work at home and learn at home. but when you look at desktop sales, they are down because fewer people are going to the office. it makes sense. overall in the quarter, $15.3 billion in revenue. outlook going forward, it was upbeat. the stock is up almost 7%. they did note, we heard this from other pc makers and device companies, the supply chain shortages because of the
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pandemic, that it's impacting chips and also display panels. something to watch for going forward. ashley: yeah. we have heard that a lot. lauren, thank you. despite warnings, oh, yes, millions of people are traveling for the holidays. just take a look at this flight map. oh, my goodness. it looks like an ant farm. very busy skies indeed. one airline now says a covid vaccination will be required for passengers traveling internationally. will a vaccination record be the new passport? could be. we're on that story. despite the big numbers in airline travel, aaa says 95% of thanksgiving travel will be by car. jeff flock is on the road, both hands on the wheel. we will join him next. ♪
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ashley: let's take a look at the price of oil, continuing to go up with the hopes of a vaccine and the world coming back to normal. crude up to $45 a barrel, up another 1% today. the national average, by the way, for a gallon of gas, $2.11. there you have it. not bad. the cheapest gas we could find, in missouri at $1.76 a gallon. way to go, missouri. oh, yes, of course, california at the other end of the scale is the highest at $3.17 a gallon. by the way, aaa is predicting some 48 million people or thereabouts will be traveling this thanksgiving. jeff flock is on the road right now in the chicago area and jeff, you better than anyone can tell us how does this year compare to others? reporter: well, i tell you, the headline for me, if you look out the front window there, you see it's about the gloomiest day
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before thanksgiving that i can remember, at least here in the midwest. this weather is headed towards you in the northeast. good luck with that. i will say i do think there are less people out there now. you put up the numbers, you mentioned the numbers. we are talking about maybe 48 million or so. that would be a large drop from last year, when there were about 55 million. it's the first drop, by the way, in people driving since the 2008 financial crisis. so that makes maybe some sense. but here's the deal. i think a lot of people may be driving [ inaudible ]. take a look at this tweet from the mayor of los angeles. i'm not going to read it word for word because i'm driving. but essentially it says you've got to -- if you travel into lax or the van nuys airport in los angeles from another state or another country, you've got to fill out an online form that acknowledges the recommendation in california that you quarantine, self-quarantine for 14 days.
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the quarantine isn't required but the form is. if you want to go to l.a., go in a car and nobody makes you fill out anything. there you go. it's starting to really rain out here now, too. i tell you, it's perfect for 2020, isn't it? ashley: it just says it all, jeff. in a nutshell. reporter: yeah, exactly. it's raining, it's nasty and what can i tell you. the only good news i got, you pointed out, gas prices low, still pretty low demand and gas prices a lot cheaper than they were. all good. saving the company some money as we drive around. ashley: always good news to those above us. travel safely, please. both eyes -- both hands on the wheel and look straight ahead. looks like you're moving along just fine. jeff flock, thank you. let's bring in jeff hoffman, travel guy.
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jeff, people seem to be ignoring the cdc warning. to jeff flock's point, maybe not as busy out there as it perhaps would be but a lot of people are ignoring those travel advisories. what do you say? >> you're right, it may not be as busy as it typically is this time of year but it's way busier than the cdc or anybody else would like. the cdc told us not to travel and we are. three million americans checked through the airport through tsa reported that this weekend. they are expecting today to be an extremely busy day and sunday to be the busiest day of the year. so even though that's maybe 30% to 40% of the people that traveled this week last year, it's still millions of people that are flying and if you look at the airports, i checked with a bunch of them this morning, people are not social distancing despite the warnings. the airports are jammed full of people that are crowded together in line. so people have decided to take
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this holiday week into their own hands for thanksgiving. ashley: yeah. it's interesting. they are probably going to have someone in the middle seat as well, right? >> yes. since the airlines are flying less flights a day, a lot of times people say things look good, my flight was full. that's because they are flying smaller planes and less flights a day. so most airlines are filling the middle seats for this holiday. but the airlines are keeping to these rules very seriously. delta last month put -- 550 people they put on their no-fly list because they refused to wear a mask. they don't just kick you off the flight. you are on a no-fly list if you don't comply with the mask and social distancing rules at the airport and on the plane. ashley: yeah. we could indeed see some confrontations. i hope not, this holiday, but seems like it's the ingredients are there for that. jeff hoffman, great stuff. great information. jeff, thank you very much for that. i wanted to go to this map from the flight radar 24 if we
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can, as we look at some of the losers on the dow this morning. flight radar 24, we showed it to you earlier. thousands of planes taking off from around the u.s. this is why i can never be a flight control guy, you know, those guys that sit in the towers and try and tell the planes where to go. it would scare me to death. lauren, i thought we weren't supposed to be traveling? lauren: we're not supposed to be traveling. but look at that map. it's like bees swarming. as you just heard, the busiest days are upon us, today and sunday. we already knew that between friday and yesterday, about five million people flew. what you're looking at is real-time, it's about 7,000 flight paths being tracked just over north america and that is very comparable to 2019 numbers. thanksgiving weekend overall, that entire week, we're not
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going to see 2019 numbers but based on that map, we essentially are and yes, the airports are crowded. i can vouch for that. people need to be safe, wear more than one mask, socially distance and all of that. ashley: yeah. i could never be an air traffic controller. that was the name of the job i was trying to remember. my goodness. they don't get paid enough. lauren, thank you very much. a new report says a post-election change to facebook's algorithm favored news outlets like cnn and the "new york times." surpris surprised? maybe not. that report coming up. progressives don't seem to be thrilled with the moves mr. biden has made so far. is he going to cave to them? will the in-fighting get worse? stay tuned. we're on it. ♪ businesses today are looking to tomorrow.
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wannit's timeight and for aerotrainer. a more effective total body fitness solution. (announcer) aerotrainer's ergodynamic design and four patented air chambers create maximum muscle activation for better results in less time. it allows for over 20 exercises. do the aerotrainer super crunch, push ups, aero squat. it inflates in 30 seconds. aerotrainer is tested to support over 500 pounds. lose weight, look great, and be healthy. go to aerotrainer.com. that's a-e-r-o trainer.com. ashley: all right. let's take a look at the markets and bring in sandy vallair. certainly the dow now off 149 points or so, but you say the good news far outweighs the worries over covid cases rising and it appears the markets agree. make your case.
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>> yeah, thanks for having me. yeah, i think part of the good news is that's why the market has gone from 18,000 at the lows march 29th to over 30,000 today. you've got, you know, the market can't stand uncertainty. you've got the presidential election in the rear view mirror. we have probably got a split congress. that means low taxes and probably deregulation. three vaccines, say, from pfizer, moderna, astrazeneca and then i guess the icing on the cake is janet yellen, treasury secretary, who would love to keep interest rates lower for longer and probably a big advocate for some stimulus. lot of positives to outweigh the spike in covid cases. ashley: in particular, you like caesar's, e-health and pool corp. let's begin with caesar's. why do you like this particular company? >> yeah. i mentioned it about two weeks ago on your show, it was around 58. today it's closer to 70. it's a play on the reopening of the economy. tom has done a phenomenal job
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and he was original in el dorado, swallowed the whale with caesars and with their online gaming through their acquisition, $3.7 billion acquisition of william hill, i think they've got a big runway to probably a triple digit stock. ashley: triple digit. nice. e-health. why do you like e-health? >> so it's really just, they've got a website, e-health.com, they are trying to allow seniors, those 65 or older, to buy medicare insurance, as easy as it is to buy a plane ticket on travelocity or expedia. we think every day you have gotten more and more sophisticated 65-year-olds and we think their open enrollment period is right now, we think they will have a big, big fourth quarter. the stock really hasn't moved and i think it's a great opportunity for people to get into a very reasonably priced stock. ashley: these were the stocks you liked earlier in the month. kind of doing a victory lap here, sandy. very good indeed. pool, pool corp, why do you like
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that? >> yeah. we have been involved with it for the better part of a decade. they are in covington, about an hour from me in new orleans, but this is the largest distributor of swimming pool products in the u.s. they are as big as their top 50 competitors combined. they truly dominate this niche. as people stayed at home and swam, the stock got kind of a stay-at-home multiple to it, right when they came out with a vaccine the stock has pulled back about 15%. i think it's going to allow people to jump in, pun intended, at a reasonable valuation and i think this is going to be a good one for people over the long run. ashley: you think overall, you are pretty bullish for the new year despite the rise in covid cases? you think a vaccine just around the corner? >> yeah. i think there's just too many positives to outweigh these negatives. again, the market just likes certainty. finally, we've got some of that. so analysts can start to sharpen their pencils and see where we go. but i just think, yeah, with the vaccines out there, it's going to be a little bit of a
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turbulent winter but i think we get through the spike in covid cases and just too much stimulus and the fed's going to continue to throw the kitchen sink to support this market, we're in. ashley: too much good news is a good thing. sandy, thank you so much for joining us. we much appreciate it. we still have a big show ahead. jason chaffetz is going to be here. lieutenant colonel dan rooney. liz peek who i think was on at 4:00 a.m. or something like that. she's tireless. and larry elder will be here as well from california. plus we talk to one restaurant owner who says rules be damned, he's openly defying his state's mask mandate. second hour of "varney & company" coming up. as we go to break, take a look at sixth avenue. no parade heading down that avenue tomorrow, unfortunately. just a few people in cars. ♪ oan with sofi and it significantly helped me lower the amount of interest i was paying. sofi helped me pay off $23,000 of credit card debt.
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♪ ashley: i thank you. that's from zz top this thanksgiving eve. the guys with the big long beards. now, here's who we have on the show this hour. maga etf guy, hal lambert, jason chaffetz, folds of honor founder dan rooney. great lineup. also, fox news medical
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contributor coming up to talk about the vaccines. i want to know what she makes of cdc director robert redfield saying vaccines will be rolled out in the second week of december. just around the corner. and in our next hour, liz peek, former nevada senator dean heller, "wall street journal" guy dan henninger and larry elder, who still lives in california although he says he may move. but he hasn't yet. let's take a look at the markets. stocks certainly mixed. the dow dropping after yesterday's much-vaunted surge past 30,000 mark. now we are below 30,000. however, we should point out the nasdaq is on pace for a record close or very close to it. we have an absolute raft of economic data coming out at the top of this hour. lauren doing the work of three people today. yes, it will be fleereflected ir paycheck. let's get the first reading of consumer sentiment. lauren: i'm warming up here.
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this is a fresh number, this is a november number and it's the final reading that revises what we heard two weeks ago. it is slightly less than expected. 76.9, final reading, consumer sentiment from the university of michigan in the month of november. ashley: all right. so just a little under, not a drastic drop. the dow, though, still off 177 points, a little more down with momentum. we are also getting the latest read on mortgage rates. that number? lauren: it's the exact same number you reported last week. record lows, 2.72% for the 30-year, 2.28% for the 15-year. freddie mac says the refi boom is being fueled by higher income borrowers and look, i told you before about 18, 19 million are eligible to refinance. freddie mac is putting that number at 20 million. if you need to do it, do it
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while rates are low. ashley: right back at you, lauren. jump on that thing. also, the latest read on new home sales. what's that showing? lauren: well, we keep saying the housing market's on fire and it absolutely is. 999,000 is the annual rate for new home sales in the month of october. that was stronger than expected. let's look for what the price is, because as you know, supply down, price up. that is an obstacle, especially for first-time home buyers. ashley: it is. also, personal income and spending. i told you there was a raft of data. keep going. lauren: so income actually fell. it fell by .7%. we were expecting it to be flat so this is your negative news this morning. spending, however, stronger than expected. you know, it's interesting, i guess it's boredom out there, you know, people who do still have their jobs, but spending
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rose a solid .5% stronger than expected. these numbers from commerce department for the month of october. ashley: and finally, i need the numbers for the mega-millions lotto last night. i'm just kidding. lauren: they are 4729 -- ashley: bingo! thank you, lauren. take a well-earned rest. now this. utah governor dropping the state's virus restrictions on indoor gatherings ahead of the thanksgiving week. that's good news, right? let's bring in jason chaffetz, former utah congressman. jason, will other states follow suit or is this just making at least a recommendation rather than having neighbors snitch on neighbors and having the police drop by? >> yeah, no, you see things in other states that are really just out of control. i think utah has taken a very reasonable approach here. governor jerry herbert understands families are going to gather but to be safe, you
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know, to wash your hands vigorously, to wear a mask when possible and certainly do the social distancing, and to just recognize it's a very dangerous place. we have seen a surge in the inner mountain west. utah in particular has had it. the numbers are coming down but slightly. the biggest concern are health care workers. we seem to have the beds even though they are near capacity, but the actual workers, the nurses, the doctors, that is a very dangerous place that we are at right now. we have to be safe. we have to be smart. ashley: we do indeed. i'm going to move on to what's going on in georgia. a record 788,000 ballots have been requested ahead of the two georgia senate runoff elections. god forbid, are we going to face the same ballot counting issues we did in the presidential election? >> probably. look, all focus is on georgia because republicans right now have elected 50 senators.
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they need just one more to maintain control of the united states senate. but with two seats up for grabs in georgia, a 50/50 tie if joe biden is the president, then kamala harris is the president of the senate, she gets to be able to break the tie and it goes chuck schumer's way. that's the imperative there in georgia. hundreds of millions of dollars will be spent. we won't know that until probably the end of the first week of january. ashley: no, we won't. stay tuned, as they say. jason, thank you so much for taking time out on this thanksgiving eve. have yourself a great thanksgiving as well. thank you so much. >> you as well. ashley: thank you. let's turn now to your money and bring in hal lambert, founder and ceo of pointbridge capital. hal, we were just talking with jason there about the georgia runoffs. that could determine if we get a split government or not. what is that going to do to the market, if we have a
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democrat-run, you know, they own both houses of congress and the oval office, what does that do to the market? >> i think it would be a huge negative for the markets because at that point, anything's a go with the biden administration and i think the main thing that would happen there would be much higher taxes. it would be a big negative for the market but ultimately, the republicans do maintain control of the senate and if the assumption is biden will be president, you will have a split government, i think at that point, you could get something done and i think what biden's going to do, no one's really talking about this, he's going to be looking out for some sort of key legislative win, i think the most likely legislative win is going to be infrastructure bill. they talked about that last year. the republicans and democrats both want it. i think that's where he's going to head. i think that could be good for the markets because assuming a lot of it goes for infrastructure, not just to give money to the people that helped him get elected, that's going to be good for caterpillar, for deere, martin marietta, a whole slew of companies could benefit from that.
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that's really where he's going to head. otherwise he's going to be the phone and pen president which is what obama was the last part of his term. ashley: but donald trump, when he came into office, said infrastructure bill was one of the first things he could do, it's easy, both sides of the aisle agreed it's desperately needed and got nowhere in four years. you think the biden administration can get that through? >> well, i think the difference is that the democrats control the house fully and they are going to want a win for biden. they didn't want a win for president trump. i think they're going to push that. i think they can get enough senators on board because they want to be able to send money back to their constituents and so i think you could get a win there. otherwise, i don't see what he does. i mean, he can do a lot of executive orders but i think those are going to be fought in the courts and i think he's going to have a tough time with those. ashley: you know what, you are the creator of the maga etf, m-a-g-a etf. what happens to that now that
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joe biden is taking office? >> well, ironically, since the election, i think we have had the best two weeks of performance for the etf since we launched over three years ago. we are at all-time highs yesterday. we were up almost 3% on the day. so it's actually had a really good run here. i think big tech is probably going to lag some going forward. that should be beneficial to maga because we are not a tech fund. we have got a lot of different types of companies in there, all s&p 500. so i think that will be a benefit to catch up. again, i think oil stocks, look, one thing i want to mention here today, oil has been going up. i think oil could do very well under a biden administration because if you limit drilling, and you have regulations, you are going to get less production, less supply. that means higher prices. that's good for publicly traded oil companies. ironically, i think the oil industry might actually do pretty well with higher prices and again, we've got a lot of oil stocks in the maga etf.
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ashley: on the broader market in general, hal, listen, we have been told there's so much cash on the sidelines. when we see something like the dow cross 30,000, i know it's now under 30,000, but with news of the vaccine and you know, some political clarity, janet yellen potentially as treasury secretary, all of these things, is a lot more money coming off the sidelines? you get that sense, getting into the market? >> i think so, because the markets hate uncertainty. there's a little more -- there's a little more certainty than there was prior to november. again, as long as republicans can control the senate, i think that's going to be a big benefit to the markets. and look, people are ready to get out and spend money. as soon as this vaccine is widely out there, i think that's going to be in the first quarter of next year, probably by march, we will have a huge number of people vaccinated. people are going to be looking to spend money and get out. i think travel is going to do well. so therefore, the markets are
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going -- i think will do extremely well in 2021. ashley: you mentioned big tech and certainly those are the big growth stocks. we are seeing more money going into value as people's horizons can be stretched out a little bit. is that a trend you expect to continue? >> absolutely i expect that to continue. look, when you get up into the trillion and $2 trillion market caps, you know, you can only grow so much from there. you are limited by the size of our economic, you know, production in the country. we are a $20 trillion economy. you can't become too large in that. i think you are going to see more money shift away from that. it was kind of a safety play, a stay-at-home play, when you're looking at things like facebook and google. i think if you move away from that to these other companies that have lagged massively, you will get a shift in allocation. you will see outperformance in other areas. ashley: very good. lots to discuss and lots to digest as they say. hal lambert, thank you so much for joining us today. much appreciate it. >> thank you.
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ashley: all right. guess what? california introducing yet another virus restriction. you are now forced to quarantine if you fly into l.a. county airport for thanksgiving. larry elder is fired up about that. he's on the show in the next hour. president-elect biden unveiling some of his key cabinet positions. watch this. >> i'm pleased to announce nominations of staff for critical foreign policy and national security positions in my administration. it's a team that reflects the fact that america is back, ready to lead the world, not retreat from it. ashley: matter of opinion. fighter pilot lieutenant colonel dan rooney coming up on this. he says biden has been wrong on almost all national security issues over the past 40 years. yikes. more after this. ♪ for over 30 years,
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ashley: let's take a look at those markets. the dow, well, coming back a little bit. it was down 175 or thereabouts, down 130. bit of a hangover today after yesterday's 30k party. the s&p also down .25%. nasdaq, essentially flat. take a look at nordstrom. online sales jumping 37% in the last quarter. but their bottom line hurting because of the cost of shipping but as you can see, the stock doing very well, up nearly 14% at $27.85. shipping also taking a bite out of gap's earnings. their online sales also higher, up 61% in the last quarter.
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but the stock hurting today and a couple of people have mentioned, including lauren simonetti, it seems a little harsh, down 18% on the day after gap's latest report. maybe not quite that bad. selling on the news, i guess. let's take a look at facebook. lauren, a new report says social media giant changing its algorithm after the election to favor news sites like cnn and the "new york times." why did they make that move? lauren: very good question. the "new york times" says facebook wanted to decrease inaccurate news and highlight authoritative news. those are good verbs but who determines what authoritative or inaccurate? it's facebook. listen to senator blackburn earlier. >> the american people want that power themselves. they do not want big tech to filter what they are going to be able to see or hear or read and then have big tech pressure on
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what they think and how they vote. lauren: big tech critic senator hawley tweeted this. facebook is throttling conservative outlets to decrease their readership. big tech wants to control all news in america and soon will, if we don't stop them. facebook responding to that, saying the assertions in this report are based on sources who have no product decision-making authority and are advancing their own narrow impression of how our process works. well, the "times" says facebook came up with what they call a news ecosystem quality score to judge the quality of journalism. so it demoted temporarily partisan pages like breitbart and advanced pages like cnn. the problem was that tweak meant people spent less time on the site and that is exactly the source of the problem right now.
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it reflects this battle internally and among law makers and regular people of what's idealistic, for instance, versus what's pragmatic, popular and also profitable. ashley: who monitors the gate keepers? who are they to say what's news and what isn't? lauren: the algorithms. ashley: yes. the algorithms. lauren: that people plug in. it's humans in charge of the algorithm. ashley: exactly right. that's where it is. we solved that problem. let's go to the next one. all eyes on president-elect biden as he unveils his cabinet. he is still mum on his pick for defense secretary. the top contender, pentagon veteran michele flournoy. let's bring in dan rooney, u.s. air force fighter pilot, folds of honor founder. you say joe biden has been wrong
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on nearly every major national security issue in the past 40 years. make your case. >> well, actually, i'm paraphrasing secretary gates, who wrote in his book that biden is a wonderful guy and he trusts him but when you look at his national security decisions over the last 40 years, he's pretty much gotten it wrong. i go way back with then senator biden. he actually had my wife to washington, d.c. and gave her the distinguished service medal on my behalf when i was deployed in iraq. when you look at him coming in as president-elect, he has vast experience, probably more experience than any president in history, but i look at it as a theme song the trump administration foreign policy team is singing, born in the usa, and the biden team is singing we are the world. so basically, if trump was behind it, you are going to see a rapid undoing of virtually all foreign policy as we have known
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it under trump and it's going to be a big change for all of us. ashley: it really is. it reminds me a little bit of when barack obama became president. he almost went on this apology tour to the middle east. same thing with joe biden. apologizing to the world community, you know, how dare donald trump put america first and hold people accountable like nato for not paying their fair share. i've got a feeling he's going to go around and undo everything that donald trump did. you get that sense? >> yeah, there's no doubt. we call it a reversal in the f-16 world but that's what we are going to see. from a military perspective, i put that hat on, i really think we are headed into a pretty quiet period. the world's not going to break out in peace but we are obviously winding down iraq, afghanistan. you are going to see a big lean-in to nato. the mea culpa with nato trying to handle china and russia and north korea with this group approach. but from a foreign policy perspective, i really think the
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biggest rub in america is going to be immigration. when you look at the 400 executive orders that president trump signed, his appointee to head up homeland security, mayorkas, there is going to be a big difference when we see immigration and that policy and i put it in terms of my own world. i'm a part owner in a golf course here in tulsa, oklahoma. there's a gentleman, ali, a first immigration turkish citizen that came over here and became a u.s. citizen, and he's living the american dream. i'm all about immigration. i'm living it, but we have to do it the right way and that's really my biggest concern when i look at foreign policy. ashley: yep. legal immigration. that's just that legal word. very quickly, got ten seconds, when on earth do you, someone who has done so many things in your life, have time to become a certified pga pro? when did you get to play golf? >> it is a blessing. i'm living a dream job description. we use golf to raise millions of
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dollars for the families that we assist in folds of honor. it's a great instrument for changing lives. happy thanksgiving. thanks for having me on. ashley: thank you very much, lieutenant colonel dan rooney. great stuff as always. thank you very much. have yourself a great thanksgiving. all right. l.a. county shutting down outdoor dining for three weeks. starting tonight. indoor dining, already banned. are californians really going to put up with this? i will ask larry elder in the next hour. first, talking to a kansas restaurant owner who is not enforcing the state's mask mandate. he's giving his customers the choice. more "varney & company" after this. ♪
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ashley: let's take a look at these markets after the big party yesterday. the dow now not at 30,000, off about 160 points at 29,886. s&p down a third, nasdaq essentially flat at this hour. we are going to show you tesla. they, the company, is recalling more than 9500 of its model x and model y cars over potentially faulty roof bolts. that's not good. the stock down just barely half a percent. nikola stock down also today over doubts about their partnership with gm. down big-time, 14.5% at $29.49. nikola corporation. now, in case you missed
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stu's my take yesterday, it was all about president-elect biden bringing back john kerry as his climate czar. watch this. stuart: nothing symbolized the return of the obama years like the appointment of john kerry as the climate point man in the new administration. it's back to the future and it brings back some unfortunate memories. the paris climate accord. kerry wants to take us back into a deal that punished america. we had to jump through hoops to cut emissions while china could do what it liked until 2030. we had to pay billions of dollars a year to help others cut carbon. we are going back to that? ashley: yep. you heard it. stu's right. it's back to the future with john kerry. now let's bring in our hillary vaughn. hillary, how much will joe biden's climate ambitions cost us, the taxpayers? reporter: well, it's going to
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total $2 trillion. that is the price tag for president-elect joe biden's big green energy infrastructure package that he says is key to fighting climate change but yesterday, we saw a new theme emerge. biden essentially made the point through these appointees that climate change is considered now a national security threat, and the appointment of former secretary of state john kerry to that position shows how seriously he wants not only the u.s. to take the issue, but world leaders around the globe, and we are learning that on day one, in the white house, president-elect biden will not only tackle covid as a number one issue but equally in tandem will address climate change. an adviser to the former biden campaign says there's no doubt that covid is the issue of the moment, which has been addressed right out of the box, but we are going to see climate addressed right out of the box as well,
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and biden is bvetting his team o make sure they are quote, climate ambitious. that is the question they are reportedly asking each candidate even for low profile positions in different departments throughout the white house. we are also learning one of biden's earliest executive orders would revive an obama era mandate that requires every single agency in the government to incorporate climate change into its policies and also require every federal agency, department and program prepared to address climate as well. earlier today, on "fox & friends" the argument was made that climate-forward agenda like that will have repercussions. >> john kerry and joe biden are coming in and their two objectives on climate are to push the green new deal and to push the united nations paris climate act. this is an agenda that's going to go right at the heart of perhaps president trump's
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greatest accomplishment which is united states energy dominance. reporter: ashley, that's something the oil industry is bracing for, manufacturers are bracing for. if there is a divided senate, biden is going to have to resort to executive orders and regulatory action to get a lot of his climate agenda through and that creates an element of uncertainty for businesses in the u.s. ashley? ashley: yeah. it certainly does. interesting. all right, hillary vaughn, thank you very much. now this story. there is pushback in kansas over the state's mask mandate. that includes my next guest, who is not requiring employees or customers to wear a mask. let's bring in the owner of a mexican restaurant. thank you for joining us. what has the reaction been to your essentially saying eh, no mask if you don't want to wear them? >> the outpouring of support from patriots has been
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overwhelming, actually. of course, i have quite a bit of hate mail and people that don't agree with it. but for the majority of it, it's been very positive. ashley: do you have problems with local authorities coming in and telling you that you can't do this? is there any enforcement? >> well, i have not yet. the district attorney's office is who does the enforcement here. i met with them one time and that was back in june. haven't heard from them since. ashley: why is it important, why make this stand, why are you doing this? >> well, this is not an argument on the efficacy of masks, whether they prevent the spread of disease or not. it's -- i believe it's an infringement on my freedom and liberty. i think it's overreach
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bytyrannical government and totalitarian enactments, frankly. ashley: that's interesting. we have seen in kansas in places or counties that don't use masks, a big spike in covid cases. are you worried about that? i'm assuming that some of your hate mail is pointing that out. >> well, you know, i saw the cdc report you are referring to and i have also seen reports that debunk that. so i personally don't believe what the cdc is putting out. i think those numbers are skewed and are incorrect, frankly. ashley: well, don, thank you for taking the time to talk to us. we hear what you're saying. personal responsibility and freedom plays a big part in this. we wish you the very best of luck. thank you very much. great news on the vaccine front. cdc director robert redfield telling fox news that a vaccine will be rolled out in the second
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week of december, just around the corner. we will tell you who will get it first. what about a vaccine mand e mandate? one airline is considering making vaccines a requirement to fly internationally. is that the way it's going to be? that story right after this. ♪ (ringing)
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ashley: well, the dow is no longer at 30,000. it's 164 points down on this eve of thanksgiving, down to 29,880. the nasdaq briefly went negative. it's essentially flat. the s&p also off about .33%. hp reporting this morning. their bottom line getting a nice bump from a surge in laptop sales thanks of course to
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homebound students. also, a similar story for dell. demand for their desktops and laptops jumping in the last three months. not doing much for the stock price, though. down 3.5% at $67.94. dell. now this. while states prepare for the vaccine rollout, could some issue a vaccine mandate? interesting question. let's bring in kristina partsinevelos. kristina, what could a vaccine mandate look like? how would it work? kristina: well, this would be according to the states. it's much like lockdowns and stay-at-home mandates. the state would decide which is why i came here today just to take a peek at already these long lines that are forming here. they could be standing in line for absolutely anything but this is a common occurrence in major metropolitan cities. as the vaccine goes from concept to reality, as early as mid-december, the big question is will or who will mandate it. at the state level, no states have passed laws just yet but
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here in new york, the new york state bar association passed a resolution asking the state to mandate the vaccine for all new yorkers regardless of religion or personal reasons and so this could create a piecemeal response across the country like we saw with the lockdowns. why do i say that? example, tennessee, for example, the tennessee governor said no, we're not going to mandate the vaccine for any public school children. so across the board, you are going to get different answers and different laws. in australia and the united kingdom, they both said they are not going to mandate the vaccine. we take a look at a recent fox poll, we can see the majority of people are on board with this. they would be willing to take the vaccine once it was available. but big question is, would they be willing to take it if it was mandated. would there be more resistance towards that. regardless of any laws, at the moment we have the cdc's robert redfield, he was on fox news just yesterday, and he talked about who would get the vaccine first. listen in. >> the vaccine is going to begin
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to be rolled out probably by the end of the second week in december, initially in a hierarchical way, nursing home residents, then some combination of health care providers and individuals at high risk for a poor outcome. kristina: so you have a situation where it's still unclear as to what states are going to do but if states don't go ahead with mandating the vaccine, private corporations can. imagine going on a job and you have to have the vaccine or if you go to a gym, you have to have the vaccine. qantas just announced they would mandate the vaccine for anyone taking international flights. it's the first major airline to announce that. many other private companies could follow suit. back to you. ashley: yeah. fascinating, how life is going to change. great stuff. thank you very much. let's bring in dr. jeannette ne neshwa, fox news medical contributor. great to see you.
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kristina's report brings up a number of questions. if some people want to take the vaccine, they will. others will say not me, i don't trust it. in that scenario, how effective is it if you still have a lot of people out there who are refusing to take the vaccine? how does that complicate beating covid? >> first of all, i want to point out that the vaccine will be fda approved before it's put on the market. it has a high effective rate, 90%, over 90%, and the fda will not put a vaccine or medication on the market unless it is safe and proven to be safe. that's why the data have to be analyzed first, before it's given to americans. number one, we know it's going to be safe, if it's going to be approved and put on the market by the fda. number two, we are jumping the gun on talking about mandates. we don't even have enough doses for everyone to go around so far. by the end of this year, we are slated to have about 40 million doses which is enough for only
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20 million americans. we have over 300 million americans in this country. so i think the first step is to first get the vaccine out, give it to those who are at high risk, health care workers, those who are in nursing homes, those who are most at risk, the black, hispanic and latinos. then maybe we can look to see if we need to mandate. i think most americans understand that vaccines save lives and this is a very dangerous virus. it causes -- it's caused over 250,000 deaths in this country. i think the key is educating and showing and acting as a role model. doctors, we are going to take this vaccine, ensure our family members will take it. we would not put anything in our body unless we knew it was safe and effective and will save your life. ashley: very quickly, there is also concern certainly with the pfizer vaccine that you have to have two shots. if there's a bad reaction from the first shot, people are less likely to go back for the second one. which also complicates the issue. are you concerned about that?
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>> well, that could potentially be a challenge. that's why it's important for doctors, nurses, whoever is administering the vaccine, to inform, educate patients. look, maybe for about a day you might have a potential side effect. you might have a headache or body aches, chills, fever. it will only last about a day. but coronavirus symptoms could last two or three weeks and could potentially take your life. so i think the benefit of the vaccine far outweighs potential side effects. those symptoms, those side effects, that's your immune system responding and preparing your body to fight against covid if you come into contact with it. so remember, it's only for about a day. many people don't have any side effects. some people might. but it's minimal. ashley: very good. education is going to be key. as with everything. doctor, thank you so much for taking the time. >> thank you, ashley. happy thanksgiving. ashley: thank you. same to you. talking of which, nearly 50 million of us will be hitting the roads for thanksgiving this year. the majority will be traveling
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by car, even though we have seen the airports busy. let's bring in paula twibell, the aaa senior vice president. paula, sounds like to a lot of us, ignoring these restrictions and mandates from some governors, they are just getting out and about this thanksgiving. >> well, as you say, travelers made a very personal decision so our focus is to provide those resources so members can make informed decisions. we hope they check cdc for those safety protocols but these numbers are the lowest numbers we have seen in 11 years, and 2.4 million expected to travel by air, but some of those numbers are as the coronavirus number is increasing so again, we hope they check with the cdc and take those needed precautions when they do travel. ashley: it's interesting, because our own jeff flock was driving around in the suburbs of
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chicago, and he said -- he does this every year on the same day before thanksgiving, and said it's kind of busy, it's chicago, but it certainly doesn't feel like it has in previous years. is that the sense you're getting? >> absolutely. like i said, we had an 11-year streak of increasing travel so this is the biggest decline we've seen since the great recession of 2008. we are talking about, you know, 48 million people traveling by car, so we are expecting up to 50 million people traveling, but those numbers can dwindle. it certainly pales in comparison to previous years. so i think a lot of people are staying closer to home because 95% of the travel is by road, by car or rv, taking those trips closer to home where there is more control for the individuals and their families going out and about. ashley: all right. we'll have to leave it right there. paula, thank you very much. we'll have company on the roads but it has been a lot busier in previous years. i think that's the story here. paula, thank you very much for
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joining us from aaa. the mayor of las vegas, by the way, is slamming nevada's governor over his virus restrictions. she's calling him a dictator. we will see what former nevada senator dean heller makes of all of this in our next hour. but first, the tradition of watching football on thanksgiving set to look a little different this year. my old pal, fox news sports guy, buckle up, he's coming up on that next. ♪ businesses today are looking to tomorrow.
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ashley: the thanksgiving tradition of football may look just a little different this year. let's bring in my good friend, rabblerouser, mike gunzelman, fox news 24/7 sports news reporter. great to see you. >> you as well. ashley: they are going to be wearing face coverings on the sidelines, right? >> well, here's the thing, ashley. i truly believe it's every american's god-given right to eat some delicious turkey tomorrow, then you stumble over
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to the couch, you flop down and you watch the thanksgiving football games. that's the part of thanksgiving we all love. yes, there's going to be three games kicking off tomorrow beginning at 12:30, and for the die-hard football fans that have been watching 12 weeks of the season so far or the casual fans, there are going to be some differences. as you mentioned, one of the biggest ones is that everybody, coaches, players, staff, everybody is going to have to wear face masks on the sidelines. in the past it had been coaches, but now unless you are one of the players on the physical field, you will have to wear a face mask. now, they are doing this, ashley, because the last couple weeks in the nfl, they have seen a pretty significant surge in the amount of positive coronavirus cases, including from the baltimore ravens. they play tomorrow, and they already have nine players and coaches that tested positive. ashley, i know you are a big football guy over in the uk, you love your soccer or whatnot, but in america, in american football, if you don't have two of your running backs, that's not a good situation.
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so we'll see what happens with the baltimore ravens. they already don't have two of their running backs for tomorrow because of the covid cases. ashley: is it too late to pull back my bets? oh, well. also, guns, the ncaa basketball season begins today, right? we have something to watch even if we don't have fans actually in the stadiums and arenas. >> yeah. so there's going to be at least 100 games taking place today. first tipoff begins at noon. however, a lot of the big name teams aren't going to be playing. there's no duke, no tennessee, no syracuse, florida, florida state, baylor, utah. they have all postponed or canceled their opening because of coronavirus. so i mean, there's going to be basketball if you are a sports fan like me, you can watch sports today and tomorrow but it might not be your favorite team or the big name team. fingers crossed everything kind of gets figured out. you got to feel for the players. these college kids have been working their whole entire life
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for this moment, and you hope a virus doesn't allow them to continue with the season. fingers crossed. ashley: well, you know what, i'm so glad because i know you, you probably recorded the dynamo/kiev barcelona champions league game yesterday. i'm not going to give away the score. >> there we go. ashley: thank you so much, man. enjoy. >> go, arsenal! ashley: who's arsenal? no, no, you're done. thank you very much. still a big show coming up, starting with liz peek, the hardest working lady in the tv biz. former nevada senator dean heller is also here, as is wall street guy, dan henninger and larry elder. we'll be right back. ♪
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>> i'm calling for 10 - 15% next year if not more. >> as long as republicans control the senate i think that will be a big benefit to the market. >> i fully believe this holiday shopping season is going to be the strongest we've seen by a lot. >> recent lockdowns and researching covid-19 are curbing business activity, we will have a good solid fourth quarter, i'm a little worried about the first quarter. >> dining is considered a
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high-risk activity, outdoor dining is not a high-risk activity, this is a big deal to close down outdoor dining without evidence. what we need is a scalpel approach not abuzz off. >> he's taken a reasonable approach, we gotta be safe, smart ♪ ♪ we gonna rock. >> a little bit of shania twain to wake you up this morning, it is 11:00 a.m. on the east coast, 8:00 a.m. out west, i am ashley webster and for stuart varney, you saw the highlights on the first two hours, there is a big show still to come, former nevada senator dean heller is here and we will also be talking to wall street journal, dan henninger and l.a. expert of all things larry elder who still lives there even though we make fun of him.
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let's check the market after the big party yesterday, dow 30000, it is now 29897 which does not flow as easily, down half 8%, the nasdaq turning slightly positive and the s&p down in the same range all morning down about a quarter of 8%. let's take a look at this facebook under fire for reportedly changing its algorithm to favor liberal media outlets like the new york times and cnn, the usual suspects. in response to that report senator josh hawley tweeted this, big tech wants to control all news in america and soon will if we don't stop them, that is a concern by many especially conservatives let's bring in liz peek, fox news contributor, great to see you, facebook allegedly did this to filter out fake news but you know is this just biased as we've seen before and will probably see again?
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>> actually i think every american should be so worried that these giant tech companies are acting as judge and jury about what americans are allowed to hear and see, it is gotten worse and worse and the new revelation is no great surprise, by the way kudos to josh hawley for being on this, remember in recent congressional hearings he was the one that discovered the twitter, facebook and google were coordinating on censoring news that they did not think would fit to expose to american people which included the hunter biden story. i really find this an appalling assault on free speech, they are in this particular story, facebook has decided that basically news organizations like the new york times are better sources of information than the new york post or maybe
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fox news. that is fine but let's not pretend were a neutral platform, let's agree we are publishers and let's revoke our pretensions to the protection under section 230. i really applaud holly but there needs to be a solution, some way to punish these organizations for putting their finger on the scale, not only in past elections but everything american see. ashley: absolutely agree, nothing that really showed the kind of bias we see on cnn and new york times, look at the last four years of donald trump's presidency and that gives you an idea of how far left they are, let's move onto another issue, we are going to show joe biden's cabinet pick, so far apparently many of them consider washington establishment, there is john kerry but the progressives are not happy with this, my question
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to you does joe biden cave to the far left or does he try to stay more in the center? >> he is trying very hard to thread the needle and the progressives are not totally happy with his staffing choices, they are pretty happy with janet yellen who is supposed to be treasury secretary, they are happy with john kerry even though he is a re-trend, the fact that is going to be on the national security council to advocate for climate change regulations, they love that, that's a big plus for biden's pick as far as progressives are concerned and then of course they love the identity politics being played where we have the first african-american woman to be our united nations abbasid or, first latino to be head of dhs and et cetera. i think they are holding fire
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and waiting to see some of the other big nominations yet to come like labor, bernie sanders has thrown his hat in the ring, we will see if they get a big post. ashley: we shall see, north carolina's governor roy cooper is telling people to wear masks inside their own homes if they have guest over. so for thanksgiving will the family have a lot of people wearing masks at the table? >> i don't know how you eat with the mask on. the problem is when authorities go to trivial and ridiculous measures and cutting off alcohol sales in pennsylvania at 5:00 p.m., closing outdoor dining, people began to not take it seriously and i think a lot of these governors. ashley: we just lost liz, she
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certainly made her point, no masks around the table at the peak family thanksgiving dinner, that much we do know in these rules, who's going to enforce them anyway, liz peek thank you very much, travelers coming into los angeles will now have to quarantine. i guess the question is for how long. lauren: 14 days if you fly or take a train to los angeles you must sign an online form acknowledging that you agree to the two week quarantine if you do not, you face a $500 million fine, this is what mayor garcetti tweeted were asking everyone to cancel nonessential travel, if you must travel travelers arriving at lax or van nuys will have to fill out an online form to acknowledge california's self quarantine, filling out the form is one thing, it takes a minute, heidi
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police that we've already seen sheriffs say we are not knocking on doors or anything like that. the other thing is most people book a return flight, won't they know if you're not staying in one place for 14 days if you're scheduled on sunday to fly back home to pennsylvania. ashley: that's a very good point, nothing gets by you lauren simonetti. lauren: i do not have the answer to that question yet. ashley: how do you enforce it, it is crazy. starting tonight indoor dining will be shut down for three weeks, the bare minimum in los angeles county. jeff paul is live in santa monica, we know restaurant owners are furious but is there any science behind the shutdown? >> furious, frustrated, concerned and not only for the survival of their own business
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but also the survival of their employees, they have dumped a lot of money into the outdoor set ups to even just breakeven it's been a down year for this pandemic and now they feel what little they have has been taken away. >> this restaurant has been in our family for 65 years and how did l.a. expect to survive when they taken away our ability to make money after we've invested so much money playing the game how they wanted played. they change the rules constantly. >> despite a last-minute effort to reverse the county health department's decision to shut down outdoor dining it will stand, the california restaurant association filed a lawsuit saying the county needed to provide scientific evidence supporting the band. a judge denied that saying the group did not have enough evidence of their own to overturn the county's decision but the door on reversing the band remains cracked open as the judge said if they get solid evidence he will look at it, three of five l.a. county
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commissioners voiced their approval for the band, their support of the band came down to people not wearing masks for long periods of time while they drink and eight. they are also thinking about not overwhelming the local healthcare system, to county commissioners are against the band, one saying the decision is arbitrary. >> 50% of those testing positive got it while they were out large gatherings and i just feel this is punishing an industry that is bent over backwards to comply. ashley: you can bet restaurants out l.a. county are going to be trying to squeeze out the last few dollars before the ban goes into effect at 10:00 p.m., will last for three weeks, that puts us at mid-december and again, it is thanksgiving tomorrow, hard times for many of these restaurants. ashley: i do not know how
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they're going to survive, thank you for that report. let's take a look at the markets on the even thanksgiving that has 30008 yesterday on the dow in a bit of a hangover today, the labor market numbers certainly did not help showing continuing struggle to get back the recovery we were seen nicely, the nasdaq the only index up slightly this hour, let's bring in david bronson, good to see you, the 30000 euphoria already being lost a little bit today but could we see as a general trend in your opinion on the upside even under president biden? >> we certainly can, there are two trends going on, first of all happy thanksgiving to you and yours, i can't wait to be back on set with you. this trend is not only the markets are healthy and looking forward to better economic times into better corporate profits
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but also a rotation trend in some of the things that have not been working earlier in the year that have really badly substantially, you look energy this month, a lot of energy stocks in three or four weeks are up 30 - 40% and you see that with the financials, this is the thing where i hated for my partisan friends, i know a lot of people on the right want me too say market can't do well under biden and a lot of people on the left wanted it to believe it wouldn't do well under trump but candidly neither biden or trumka do anything about the fed being so accommodative to risk assets and capital markets and no politician can do anything about the self interest that drives the profit motive and makes her free enterprise system the beautiful thing that it is. ashley: i'll give you an extra early start on your early thanksgiving food and i look forward to seeing you on set
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very soon. david is positive, that is always good. thank you. a big show to come, dan hettinger is here, does he think joe biden will cave to the progressives. we will find out what dan hettinger has to say, will also talk to larry about the new travel restrictions, will they put up with them, do they have a choice. the mayor of las vegas is fed up with new rules, she says the governor is acting like a dictator, former senator dean heller takes on that story next. ♪
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♪ ♪. ashley: i don't think there's any doubt the mayor of las vegas is fed up with the coronavirus restrictions in nevada, carolyn goodman says obviously this is been crushing to the city, the governor has been a dictator, we complied every step of the way but had no choice. let's bring in dean heller, great to see you, pretty strong language is the governor being a dictator? >> let me begin by saying happy thanksgiving to you and your viewers and it's become a pretty unthankful 2020 at least one of the worst and memories, having said all of that, mayor goodman is a good mayor, her husband is a great mayor also, i think she's trying to express the
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frustration that most nevadans have with our government, i don't speak on her behalf but i think what she's saying is returning a tragedy into a bigger tragedy with some of these restrictions it is right before the holidays, people are losing their jobs and it's unfathomable that we are where we are today simply because government continues to tighten the small businesses to kaczynski. ashley: that's my question, we just had a segment earlier on l.a. county restaurants, they have to shut down from 10:00 p.m. tonight for three weeks, we see the stories around the country, especially let's not forget with the relief bill stuck in congress, so many people are barely hanging on and you'll see a lot more go under in the coming days, weeks and months. >> there is no doubt that will
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be the result of some of the new restrictions, both in california and nevada you will notice the governor seems to synchronize, their restrictions, when does it, the other doesn't, their communications, again it's hard to criticize because they don't have all the data that is in front of me, all i can tell you is results are being made and these are tough times three weeks of this will be a tremendous hardship for a lot of nevadans and americans. ashley: there's hope around the corner, news of a vaccine robert redfield saying they can get some shipped out by mid december at the latest, that has got to give some cheer, ultimately that is how we will get this thing beaten to get a vaccine to everybody and then get on with our life. >> without a doubt, let me leave you with this, i had a
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conversation with my 80-year-old mother, i told her that thanksgiving and christmas frankly because of her age and because i have a couple of daughters that are pregnant, it would be very careful who we come in contact with, having said that i don't want to make the decision i want government to make that decision for me, i'll make the right decisions of masks are necessary, distancing i understand that but don't tell us who we can eat with, who we can enjoy thanksgiving at our holidays with, don't tell us whether we can go to church, don't tell is whether we can go to a funeral or wedding for that matter, that has become so onerous and so difficult that they continue to lose their jobs, governments should not be dictating it, people should make these decisions for themselves. ashley: i could not put it better myself, that was terrific, thank you so much for taking the time to join us and have yourself a happy and safe
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thanksgiving. >> you have a safe one also, to your viewers also. ashley: let's take a look at this, an incredible 7 million packages a day they can be delayed between thanksgiving and christmas, let's get into this let's go to grady trimble live as a ups store, the question is what is causing the backup. >> online ordering has basically been a holiday level since the pandemic started and now were expecting a surge from black friday onward, 7 million packages per day could be delayed one or two days according to ship matrix between thanksgiving and christmas, although the delivery companies in the u.s. postal service are trying to avoid that so they're going on a hiring speak, looking ups hiring 100,000 holiday workers, fedex hiring 70000 and dhl hiring 10000, the total number of packages expected to
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be delivered between thanksgiving and christmas is skyrocketing up 36% compared to last year which is already a record, 3 million packages expected to be delivered to homes and businesses between thanksgiving and christmas. that is a short time. , the delivery company as well as amazon is ready for it but they are urging people to order early so they don't run into any issues and i know you have all your christmas shopping done, it's awkward to be a problem for you. ashley: no worries at all, i say this every year, grady trimble in a wet and miserable looking chicago this morning. thank you very much. if you're shopping for kids, you're gonna want to hear this, a safety watchdog group releasing its list of the most dangerous toys, they do this every time this year, we need to learn, what are the dangerous toys out there?
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lauren: kids or play with toys more than ever, parents listen up or anson uncles who want to be popular, these are considered dangerous toys most for choking hazards like calico critters, they are small, you can choke on them, the same way the plush towel, it's really cute animal, it's for babies, the firkin shed and babies can choke, other toys that are dangerous and encourage violent behavior or can actually harm someone, you are looking at the dark favor from star wars, a missile launcher, the avengers power claw and wwe superstar, basically the big fist. i have to say i feel like wrestling is making a comeback, my nephews were five and a half wanted the wbe figures in the ring that they confided and travel to the ring, they were hard to find.
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ashley: wrestling is making a comeback because everybody's trapped indoors and vesely need to other, that is part of the attraction. thank you very much. the queen of england is cooking up something special just in time for the holidays, we will explain how you can get into the spirit. that is coming up. the media is claiming trump supporters for not accepting the election results. remember how they reacted in 2016, remember this. >> there is no question that the process that elected him was not legitimate the president-elect is not legitimate. >> president trump is an illegitimate president. ashley: how soon they forget, wall street journal guy dan hannigan are here to react next. ♪ ♪
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it's still warm. ♪ thanks, alice says hi. for some of us, our daily journey is a short one. save 50% when you pay per mile with allstate. pay less, when you drive less. dan henning allstate. click or call for a quote today.
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>> confirmation of the deployment the 60 satellites gently floating away from the second stage. ashley: that is always so cool,
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this is so cool when you watch the take off at night, that is elon musk comedy spacex launching 60 satellites into orbit overnight, they will help provide broadband internet service around the world, helping 5g, another internet connection, let's take a look at elon musk's other company, tesla over 500 billion, that is a b, billion dollars, how high can it go. lauren: sky is the limit, it hit 565 a share, i say to main catalyst that await, that would be the s&p 500 inclusion which happened december 21st and also guidance on january deliveries, going forward. another milestone for this company topping $500 billion in market cap and begs the question is the car business actually a growth business this seems to be
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growing for tesla, if you look at gm, ford and chrysler, their stocks have gone up an average of 3% a year over the past five years. compare that to tesla it is up fivefold this year alone and you look at this cap which is $533 billion is more than 200 billion more than toyota, ford and general motors put together. ashley: the stock is going into orbit as well, truly remarkable. now this, climate change taking center stage as president-elect joe biden tax john kerry as his climate guy. hillary vaughn, we will get back to this, it's interesting, joe biden looking to make a lot of changes, the question how much will that all cost?
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>> that is right he's already pledged $2 trillion on a green energy job package to the key to combating climate change, the promise to reverse president trump's rollback of obama area regulation geared towards eta standards and other climate related regulation that went away under president trump and president-elect biden is promising to bring back but he is making this an issue, not just that the epa the administration wide, the designation for former secretary of state john kerry to the special envoy position at the cabinet level position is a new position invented just for him but also when they're looking to pullout administration post throughout their administration for budget agencies to regulatory agencies they are
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asking a key question, the new york times reported biden's inner circle asked each candidate is this person climate ambitious, this is something that is the number one agenda item for him when he moves into the white house and one of his advisors is saying it'll be addressed in tandem with covid saying there is no doubt that covid is the issue of the moment that has to be addressed right out of the box but we will see climate addressed right out of the box as well, the new york times reports that one of mr. biden's earliest executive orders would revive an obama era mandate, everything on agency of the government and corporate climate change into their policies but this idea is getting blowback in creating uncertainty and industries like energy and manufacturing that aren't sure what to expect. >> yesterday he said this agreement is not enough, now they're talking about multiple increases of u.s. commitment over the years, this is going to
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hammer middle america, poor people, people on fixed income, it will raise the cost of energy. >> back to you. ashley: thank you very much, energy dominance could go out the window. let's bring in dan henninger, wall street journal guy, great to see you, let's get to joe biden's cabinet picks all part of the washington establishment, there is john kerry's smiling face again, the progressives in his party, do you think he'll eventually came to them or not? >> that is a good question, i think he's probably going to go their way on things like climate that was just reported. that is the holy grail for the democratic party but they are upset about some of the pics, janet yellen at treasury,
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anthony blinken longtime biden friend secretary of state, now john kerry of all people to be as climate ambassador, there are a lot of people involved in climate, much younger people who could've done that job. what we are seeing is joe biden who probably realizes he is older and diminished in some way is surrounding himself with individuals that who we knows and will be loyal to him. he's putting a high premium on personal loyalty in his administration and the thing we know about the democratic left, the progressives they don't put a high premium on personal loyalty, they have their own agenda. i think the biden people are little bit reluctant to bring the progressives inside the government because they don't know whether he will be as loyal to joe biden as they otherwise would be to their own policy goals, they are getting a little bit upset about being locked out in the cold, we will see the
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labor department is something that they really want, the environmental protection agency, the national religion and tribulation board, those of b the appointments to watch, if he fills them with insiders, i think you're going to see something of a blowback from the democratic left. ashley: i think you are right, i went to get the subject quickly, it shows nearly 3% of trauma voters consider joe biden to be a legitimate president elect, meantime the media, the mainstream media having a field day. >> the president is not alone in this complete denial of reality. >> you have people who don't care if american democracy goes on to the sewer, as long as their guy wins. >> how to compromise with people who don't believe a fair election was one, people who don't believe in science or fax. ashley: wait a minute i don't remember the media excepting president trump right away. roll that tape.
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>> there is no question that the process that elected him was not legitimate. >> the president-elect, legally elected is not legitimate. >> donald trump is illegitimate president. ashley: hypocrisy, you name it, dan, we should not be surprised but it's pretty amusing to put the sound bites back to back. >> it is pretty amusing and pretty maddening, those are crocodile tears, it's impossible to credit these people, the resistance started the day after donald trump was inaugurated and ran to the russian collusion, the mueller investigation and then the impeachment. four years of resistance and now were supposed to be upset that there is pushback against the election of joe biden, this is really hard to take. ashley: it really is, i hate to leave it there but were going to have to. have a great thanksgiving, we will speak to you soon.
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>> same to you ashley. ashley: thank you, you are used to seeing her drinking cosmos as the character carrie brad shaw but sarah jessica parker is teaming up with a winery for a brand-new drink, we will hear all about it next. ♪ when i was in high school,
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ashley: how about this, royal cheers to queen elizabeth who is launching their own brand of alcohol, savoring of gin made with plants grown at the holiday estates, they do love the gin in the royal family, one bottle is 63 american dollars but only available for purchase in the uk, you have to get on a plane if you want to buy a bottle of that, you cannot get that here but you can get plenty of wine,
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good time to bring in tim light born, cofounder in new zealand, it's amazing the technology, great to have you. my question what are people drinking this holiday season. >> i'm done here in new zealand, i'm quite jealous because we don't have thanksgiving but it's an amazing holiday. i think 70 en banc is a great white wine to have a lot of different foods, don't worry about too much about food matching with wind, there's no rules, 70 e rose is another dri, such as a summer drink, don't be afraid to try it with your thanksgiving and lastly
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obviously starting the evening with some spark and some bubbles and persico, a dry persico, it's a little bit drive then champagne. ashley: a lot of people love the person echo. i read that you are collaborating with sarah jessica parker, tell us about it. >> we have been working with sarah jessica parker for two years and recently launched a wine with her in new zealand and we have an amazing partnership, she is involved right from the branding choosing a label for sitting down and tasting, she has been great, really hands-on, we produced over 500,000 bottles and there was people wanting to buy it, that was amazing and more recently we launched a rose from the front.
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ashley: very quickly, with the whole world dealing with covid, has that been a boom for wine cellars and more people staying home in enjoying a bottle or two or three. it's been talk about our restaurant customers but what we are asking is people enjoying encino retailers in the online retailers, not in the u.s. but in the world, the island in new zealand, absolutely, we literally we are really fortunate industry to be in for us. ashley: i'm so glad we made the connection down in new zealand. thank you so much for taking time. have a grea great day you couldl the right thanksgiving, we will not stop you.
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enjoy. cheers. if your flight into los angeles, prepared to be quarantines, the latest rule in that fair city, larry elder fired up about it, he will join me next in more than 47 million people are hitting the road for thanksgiving including our very own jeff flock, he has been driving around for two hours, we will get his traffic report after this. ♪ it makes me want to take a back road ♪ ♪ it makes me want to ♪ take the long way home ♪ businesses today are looking to tomorrow.
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♪ ♪. ashley: take a look at the time lapse video from slide where, hundreds of thousands of planes flying over the united states, that takes a lot of cord nation, despite warnings from the cdc, not to travel, many people are but the traveling and skipping the airports and hitting the road instead, that includes jeff flock driving around in chicago with a miserable day with the rain pouring down but the
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traffic looks pretty good, the only thing that looks good. >> not as bad as previous gays that are getaway days if you take a look at the numbers, as your report air travel is mainly down, auto travel, if you look at the numbers by car are only about 4% down about 50 million people last year 47 million people this year, the air travel is way down, born half-million people this time last year traveling at thanksgiving by air, 2.4 million this year, that's about 47% off if you look at trains, buses and cruises, that is really off in the car like we are, it is a safe environment, you can be with your own family, you can go where you gotta go the cdc would
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rather not have you travel. , they're more concerned about their travel because you gotta go to the terminal. if you look at the quote from dr. fauci, he said on cbs "face the nation", people that airports are going to be in more trouble than when right now if they don't change their plans. all these numbers we gave you were forecast, no guarantee that that many people actually travel, many people will cancel at the last minute, some governors suggested they do that. as you can see perhaps on the road, a lot of people still out here and if you get there and be safe and social distancing, there may be a way to do it safely. nothing is perfect in life, you know. ashley: very philosophical, drive carefully, keep both hands on the wheel, i keep stressing that but plenty of social distancing on the interstate at least the direction that jeff is heading, what a miserable morning, jeff flock, thank you
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very much. travelers flying into los angeles must sign a form acknowledging a 14 day quarantines, it comes as l.a. county is kicking up a three week band on in person dining, it kicks in at 10:00 p.m. tonight, let's bring in larry elder, salem radio talkshow host how long are people going to put up with this? >> i'm talking to a friend of mine owns a restaurant, he's been under these orders since february, asked him how long he thought they were going to last, he thought three weeks. as you and jeff just pointed out a whole bunch of people on the road probably as many on the road last thanksgiving, yet the travel advisories only apply if you come in by plane or by train, many people are going to come in here by car, by skateboard or walk but apparently the quarantines rules
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do not apply to people who come in by car, it is maddening there changing the rules all the time and there was a piece this morning in the new york times that question the science between knocking down outdoor dining in covid-19 there is not a sufficient science linking the two, they are shutting down outdoor dining just as ren restaurant tours have spent a great deal money shifting things to outdoor and takeout. people are fit to be tied, you will ask me when is the tipping point, winner californians going to get so angry they will turn against governor, the answer is i don't know, i saw a uc berkeley poll that puts governor gavin newsom popularity as 64% which means that the highest governor to roll approval rating in 50 years, go figure. ashley: that is california, you know what the quarantines issue, you fill out a form but who the heck is going to enforce it, it seems to me like it's paying lip
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service to something that is impossible to enforce. >> exactly how will you enforce it and collect the 500, who is going to self admit that he or she did not self quarantine, it's all cosmetic and designed to make californians feel if it the powers are doing something about this problem, when in fact we are denoted to do, social distance, wear masks, avoid large crowds, you told us over and over again trust us to do it. ashley: we may not know where the tipping point is but i feel like you're edging ever so close to that point with each passing day, larry elder as always thank you so much for fighting the good fight in southern california. let's take a quick check at the big board before we head to the break, we can see the tech stocks, the dow up 172, 73 points, were not at 30000 anymore, we will have more "varney" after this.
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ashley: isn't that a nice homely little graphic there? makes you feel good. lauren simonetti, you have done a massive job today. thank you for that. what are your thanksgiving plans? food and booze, i would imagine. lauren: i will be making my very first turkey. that is very scary.
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maybe there will be booze, to, you know, recover from the disaster that happens in the oven or fryer outside. you? ashley: small family gathering. i have a very small family. any gathering is always small. happy thanksgiving to you and to everyone else. my time is up. neil cavuto, happy thanksgiving, sir. neil: to you as well. lauren as well. hope it's a very restful day for you guys. careful on that turkey, lauren. i would have a reservation ready just in case. it feels good to have that fall-back. at the corner of wall and broad, the dow jones industrials are down from the 30,000 plus levels we reached. that is not a shock. it's sort of the come-down based on nothing more than hey, that was a pretty historic ride yesterday. we are on top of that. also on top of a lot of folks still flying, still trying to head out to your home, whether you invited them or not. there are restrictions in certain cities and states, some as few as five

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