maria: have a great day, everybody. "varney & company" begins right now. stu, take it away. stuart: good morning, everyone. how about a stimulus package? how about a virus aid deal? the odds of something getting passed just went up. mitch mcconnell told the senate there's no reason an aid package should not pass this year. fed chair powell testifies today about the virus and how to aid, virus aid to help the economy. treasury secretary mnuchin, he will testify about a targeted aid package, and senator mark warner presents a bill to extend benefits to 12 million workers. investors love it.

trillions from washington, more printing by the fed, that is a shot in the arm for stocks. look at this, the dow industrial is going up maybe 300 points plus at the opening bill. the s&p up 33, nasdaq up close to 100 points. investors are really shrugging off the new round of stay at home and lockdown orders. and restrictions, were new ones in new jersey, ohio and california. and, yes, another case of lawmaker hypocrisy. l.a. county supervisor sheila are cool voted to ban outdoor dining at restaurants and then promptly went out for an outdoor meal at her favorite restaurant in santa monica. you'd think they'd learn, wouldn't you? we've got a big show for you. we're going to introuse you to monetary -- introduce you to monetary theory. you don't pay for anything. you'll meet the man who declared an autonomous zone around his bar. now, that is defiance.

and you'll meet the california guy who is flipping burgers on the sidewalk because they shut his restaurant down. and today, yes, we have got a tuesday morning rally. "varney & company" is about to begin. ♪ ♪ anything can happen, anything can happen. stuart: anything can happen. yes, anything can happen. isn't that right, susan? [laughter] anything can happen. >> anything. so optimistic. i like that on a tuesday. stuart: big smiles this morning. you like the tie? >> i like the tie. stuart: let's go. [laughter] we've got a rally. >> fantastic. stuart: west virginia got a rally going on -- we've got a rally going on. we're going to be up about 300 at the opening bell, and we're coming off an historic november for the stock market.

what does that mean for december? >> might mean december gains are more muted. the best november ever for the s&p 500 and the russell 2000, best november for the dow since the 1920s. all three of the benchmark recording explosive double-digit gains in the month. outperforming sectors were the ones that have been lagging, energy, financials, industrials, materials like plastics, paper and metals. so what does that mean for december which is typically, by the way, one of the strongest months of the year with the so-called santa claus rally, extra money left over after budgeting all year long. the broader s&p 500 usually goes up over 70% of the time with an average gain of 1.5% in december. but here's the but, after stronger novembers of 10% plus, there aren't that many -- [laughter] stuart: true. >> -- december usually goes up

less than half the time and less than 1% gains when that does happen. but, look, the way we're starting off the month, that might not hold true. stuart: look at that on the screen, that is bright green, i'll call it that. look who is here, mike murphy. mr. murphy, looks to me like the rally today is all about the stimulus package. have i got it right? >> good morning, guys. well, i think, stuart, that's part of the rallied today. but remember, we had a selloff yesterday, we shook it off and rallied into the close of the market. but i think the market would welcome short-term stimulus because it's just pricing money, free money coming into the market that's going to find its way into stocks and, ultimately, push prices higher. however, i think the one thing that you have to remember, stuart, is with rates extremely low like they have been and will continue to be, that acts as its own stimulus. so this may push us up a couple

of hundred points here or there, but the reason i've been so bullish on this market, one of the primary reasons, is that we have stimulus out there. the low rates act as a stimulus. so there's a lot of great opportunities in this market still even at 30,000. stuart: dud i hear you with -- did i hear you talk about dow 40,000 in a couple of years? >> i did. you know, i missed the balloons when we crossed 30,000 with you last week. [laughter] look, here's where we are, we have the companies that are driving the s&p 500 right now, the big tech names, a lot of the high growth sectors in the country that make up the s&p 500. they're still growing. they're still growing their top line. they're still growing their bottom line. is so if we continue to see that, we can see 10, 15, 20% type moves in the market on an annualized basis for the next few years. that gets us to 40,000 in press than three years' time. stuart: we're going to leave it

right there, mike. when you're iowa held of the game -- ahead of the game, you leave it right there. we'll take that. mike, great to see you. see you again soon, thank you. florida's governor, ron desantis, slamming people who want schools closed, calling them today's platte earthers because -- flat earthers because there's no science behind it. do you remember this from speaker pelosi? this was back in july. roll tape, please. >> are you confident that students and teachers will go back safely to school in the fall? >> no. i i think what we heard from the secretary was malfeasance and dereliction of duty. this is appalling. they're messing, the president and his administration, are messing with the health of our children. going back to school presents the biggest risk for the spread of the coronavirus. stuart: well, well, well, the biggest risk is going back to school. the gentleman on the right-hand side of the screen is dr. marc

siegel. he's the author of the book, "the politics of fear and the power of science." doctor, i say flat out open up the schools and open 'em up now. are you with me? >> completely. look at the public health costs of keeping the schools closed, stuart. young children can't socialize. there's no mental health screenings, there's no dental screenings, there's no eye screenings. immunizations are down 22% in the united states for diseases other than covid. it's an enormous mistake not to consider that. and the rate of spread, according to a brown university study, is very low among young children and from young churn to teachers. -- children to teachers. of course the schools have to be open. look at california where almost the entire state is in a purple tier. it's almost impossible for the schools to stay open under these conditions, let alone the businessesment. stuart: i've got to say though i have some feeling for california. governor newsom, he is threatening more serious

lockdowns across the state, and as you say, much of the state is purple, meaning a severe lockdown. but what is he supposed to do? the hospitals are almost full and are filling up rapidly. what is the governor supposed to do in that situation, doctor? >> i think he needs to be consistent, stuart. by the way, you know, you said they're almost locked down. you can't go out after 10:00 at night til 5:00 in the morning, almost every business is closed. but it's government buildings that have twice as much spread in them than restaurants do. and how about this hypocrisy, stuart? a liquor store is considered an essential business in california. hollywood liquors -- i don't mean to point you out -- you're open 24 hours a day. people can buy gin and vodka, but they can't go to school. stuart: point taken, doctor, definitely. one more for you, an l.a. county supervisor facing backlash of after eating at a restaurant

just hours after voting to ban outdoor eating. i'll get back to more on this in a second but, doctor, thank you very much for joining us. i've got to move on. >> that's also hypocrisy. you can't believe the leaders, that's the problem. stuart: i'm sorry to do this to you, doctor, but you're absolutely right. lauren, give me the story on the l.a. county supervisor, please. >> yeah. you can't believe the leaders, and where's the evidence? so supervisor of l.a. county sheila cool, she ate at santa month's il forno last week, so why did she eat at that restaurant is? this is what her team says, quote: she loves the restaurant, has been saddened to see it, like so many restaurants, suffer from a decline in revenue. well, stuart, her vote is causing even more financial pain, and it comes without appropriate evidence to back up how eating outdoors actually spreads the virus.

but, you know, as you were just saying with dr. siegel, in a way this is all moot because with the infection rate and hospitalizations spiking in california and governor newsom threatening drastic lockdown measures if necessary, you know, everything's going to shut down anyway. [laughter] stuart: what a situation. let me get back to dr. siegel. your reaction to this. i mean, do as i say, not as i do. ridiculous. >> i mean, stuart, i love that she's so caring about this restaurant. she feels sod sad. but with you know what? what about mcdonald's and burger king and domino's pizza that are also closed? a lot of poor people have nowhere to go with for food. i'd like to see her at a mcdonald's before i believe what she's saying. i think she just misses whatever she's ordering there. stuart: sarcasm is very effective on occasion, doctor, and you use it well. sew you again soon, thank you. now, the media, let's get to

them. they just can't help but fawn over joe biden's all-female communications team. watch this. >> the first time in history either party has ever put forward this all-female leadership team. >> this is a first, history making. >> these roles, which are typically held by men a lot of the time, it's just -- nothing is going to be traditional in this white house. stuart: well, did they forget that president trump's own communications team has been led by women? we're all over this one, believe me. ford ordering a dozen ultra-cold freezers so they can safely store pfizer's vaccine for their employees. i want to know more about this. will the vaccine be mandatory for ford employees? we will certainly ask that question. first, though, another look at futures, please, because it's looking good. green all over the place. the dow's going to be up 300. more "varney" after this. ♪ you must whip it. ♪ no one gets their way until they whip it.

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♪ stuart: we're going to show you this again because we think you'll like it. dow futures show a gain of 300 points. nasdaq futures show a gain of nearly 900. s&p up -- 100. s&p up nearly 1%. that is a rally. and we have some what i would call eye-popping numbers from the chinese carmaker ni e o. tell me more, lauren. >> this is incredible. it is a jump of 111% from last year. so now they're working to increase production because the orders are flowing in. nio is, and i had to read this several times, they're the fourth largest i automaker in

the world behind tesla, toyota and volkswagen. $6 billion more in market cap than general motors. shares up more than 2,000% in the past 52 weeks. goldman sachs is rewarding them and upgrading them to neutral. is so nu e o, the chinese electric car company, once doomed the tesla killer, is really rallying recently. stuart: it's the fourth largest car company in the world, and i can't remember seeing a nio car. fascinating. lauren, thank you. >> there aren't many of them. >> only sold in china. >> that's why. stuart: i haven't seen a picture of one. >> you haven't? stuart: i should, i could look it up. >> yes, exactly. stuart: let's talk tesla. it's up 4.8%. they're going to be -- here's the story. they're going to be added, tesla, all at once to the s&p. what does all at once mean? >> it means the stock rallying this morning.

all at once means that index bonds that mirror the makeup of the s&p 500 now have to buy tesla stock in just one go instead of two different times, and there was talk that it would be phased in over two different dates instead of just one. this is because tesla is just so big, the largest company ever added to the broad orer index, up over 500% this year, and when it joins the s&p, it'll already be one of the ten largest companies on the broader index. goldman sachs says -- and they predict that $8 billion worth of tesla stock will be bought right off the bat by these large cap mutual funds. there's a lot of money out there currently, $11 trillion worth in assets that are benchmarked for the s&p. do you understand that's a lot of money to buy and include tesla which is stock positive for the price? stuart: the numbers are incredible. nio, fourth largest car company

in the world, tesla is up another 5% almost -- >> but, you know, tesla delivers more cars per month than the next three chinese lek track car companies combined -- electric car companies combined. stuart: i missed it all. where were you, susan? >> hard to convince a guy like you, you know? [laughter] stuart: all right. ford motor company, they've ordered 12 ultra-cold freezers that can safely store pfizer's vaccine. the man in charge of this project is with us now. jim, welcome to the program, good to see you. this vaccine, you're going to organize delivery to ford workers. is it just for ford workers? >> no, our employees are our most important asset. from the very beginning of this crisis, we wanted to do everything to keep them safe and get them back to work. so the purchase of these freezers are just making sure we have the ability to make the vaccine available to them.

they have the best possible means of staying safe and keeping our plants running. stuart: that's all good, jim. you tell me, do the employees have a choice? is it mandatory that they take the vaccine that you're providing? >> yeah. look, stuart, we want to make sure we have everything available to our employees. we certainly have some protocols that are mandatory, and they've worked very well for us throughout the pandemic. from the very beginning, the mission was to do everything we can for our employees and supporting front-line workers and health care workers, but since that time -- [inaudible conversations] stuart: i've got it, i've got it, jim, but this is a very important question. you're providing the vaccine for your employees. do they have a choice? >> this is going to be the on a voluntary basis is. we have to make sure we have the vaccine available to them once it's available to us and we have the ability to distribute and support them as quickly as

possible. stuart: will you allow someone to go to work at a ford plant if they have not taken the vaccine? >> you know, we're still working through the overall protocols, stuart. again, the focus for us is to make sure that every possible safety precautions is available to our people, because they're the most important thing to us. stuart: jim, what you're doing is laudable, no question about it. we just want to know if this is going to set a pattern for other companies around the country who get the vaccine, what are they going to do with it. are they going to force their employees or not. is it a passport to go to work or not. that's what we want to know. last one, jim. who pays for this vaccine? >> yeah. so, look, stuart, we're working through exactly how to do that. we always invest in the best things for our employees, and that's why we're focusing on getting them availability of that vaccine once we're able to get to it. so cost has really not been an issue as we focus on doing

what's right and making sure not only to we take care of our own, but we're doing our best with ppe, masks and donating masks to people that are in need to help the greater good. stuart: yes, you are. i've got a long list of all the ppe you're distributing, it's a long list, indeed. jim, good stuff. ing thanks very much for joining us. we really appreciate it, sir, thank you. >> thanks so much for having me. stuart: we're going to turn to the airlines because they're preparing to transport this vaccine, and they are facing logistical challenges. what's the big problem, lauren? >> well, they have to keep it cold, they have to keep it stable, and they have to secure it against theft or tampering. so we already know that united has moved pfizer's vaccine from europe to chicago. they got clearance to carry five times the legal limit of dry ice to do that. american airlines is testing trial flights from miami to south america where they're using thermal packaging. and when this is done on a large scale and in a hurry, you have

to remember the state of the airline industry. they still have more than a quarter of their fleets grounded. so they have to get it up and running really fast and also outfit the cargo area of passenger planes in order to do this as well. it's not easy. stuart: indeed. lauren, thank you. again, let's look at the futures because you're going to like what you see. a gain of 300 for the dow, and the market opens in six minutes. we're going to take you after this. ♪ ♪ i got a love that keeps me -- ♪ i'm a lonely boy, i'm a loan hi boy ♪ this is decision tech. find a stock based on your interests or what's trending. get real-time insights in your customized view of the market. it's smarter trading technology

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now for the free decision guide from humana. there is no obligation, so call the number on your screen right now to see if your doctor is in our network, to find out if you can save on your prescriptions, and to get our free decision guide. humana - a more human way to healthcare. stuart: three minutes to go, and it loos like the market will open with a nice rally. and then we have airbnb, yes, indeed, they are ready to go public. the ipo this month. mark mahaney's back with us, market guy. mark, you are comparing airbnb to a couple travel companies, bookings.com and expedia. how do they stack up? >> that's the comparison that all investors are going to make in this asset. we've tracked airbnb over these assets, there's no doubt they're the fastest growing player in

online travel. based on our survey, they're now the number one site in the u.s. for booking and planning vacation travel. and unfortunately, during the covid crisis, you had this dramatic shift away from hotels to alternative places. that's been very beneficial to airbnb less of a decline than the other two assets, expedia and book. stuart: so it stacks up well and, therefore, you expect the ipo to go well. i realize there's a limit to what you can say about this, but it stacks up well, and the ipo is looking good, is that what you're telling us? >> no -- [laughter] i have no investment theme on that, just comparing the numbers. but the one big question mark is going to be about the profitability. the you look at it, booking and expedia have been highly profitable for years, our -- airbnb has never matched their

profitability. we love the growth, but why aren't you as profitable as those two assets? stuart: okay. it stacks up well. mark, thankers for joining us -- thanks for joining us. futures again, please. i love that green. any comment, susan li? >> i think we're forgetting the fact that china is recovering much faster from the coronavirus than anticipated. we had factory pmi, manufacturing indices, hitting a decade high in the world's second largest economy, and if that happens there, that money and that positive growth goes elsewhere around the world. stuart: so china today is a positive influence on our stock market. >> i think so. i think that's positive sentiment in the fact that, of course, you came off the9 best, by the way, november since the 920s for the dow -- 1920s, and we're talking about stimulus again whether it's $500 billion, less than a trillion, that's still put good. stuart: we do forget how good november was. november the dow went up 10 or

11%? same with the nasdaq and s&p. i've never seen that before. double-digit percentage gains in one month for those key indicators. >> yeah. and december's going to be great too. stuart: we're starting as of right now in 3, 2, 1. this market is open this tuesday morning, and i expect to see quite a lot of green, and there it is. we're up 300 right from the get go, that's -- let's do percentage terms, that's what susan does, over 1% from the dow right from the start, and i'm seeing 27 of the dow 30 are in the green. they are up, up 319 at this moment. how about the s&p 500? the percentage gain there is about the same as the dow, just over 1% up. the nasdaq composite, let's look at the percentage gain, up almost 1% p. is so the s&p and the nasdaq are now at all-time intraday highs. that's where we are on those two

indicators. december has gotten off to a very good start. now, look at the vaccine makers. they're all up very significantly, especially moderna. lauren, can you give me an update on when we will actually get the vaccines? >> i think we can go with december 11th because the fda has their advisory meeting to approve the vaccines december 10th for pfizer and the 17th for moderna. look at this, moderna gaining about 15%, up bigtime for the second day. in europe this is where they stand, they want to make their final approval calls december 29th for pfizer, january 12th for moderna. and then there's novavax, and the stock is being rewarded today. their phase three trial in the u.k. is fully enrolled, and they expect the u.s. trials to start soon. there was a manufacturing delay because of an issue at a north carolina plant. and then there's the astrazeneca vaccine, and they do plan to file for emergency use early in the new year. so let's just think about this. if the quantity is there and the

distribution is nailed down, we might have some sort of consumer choice in which vaccine we get. that's not going to be the case right away because certain groups are going to get it first. but fast forward six months to a year, we might be shopping around for a vaccine which is a strange thing to think about. like, i just go to the doctor and get a flu shot. i don't ask which one. we might be asking, well, maybe i'll get the one with shot johnson & johnson vaccine instead of the super cold pfizer one. stuart: i understand that, but the fact that we're almost, right on the cusp of actually getting these vaccines -- >> yeah. stuart: -- that, i think, is a plus for the overall market and especially those vaccine makers. all of them up except for biontech. lauren, thanks very much. let's move to zoom. look at them, down 11%. what? i thought they turned in stellar results.

>> i would call it more of profit taking since, you're right, until lahr results from zoom -- stellar results from zoom. 300% growth in the final three months of the year not good enough, and that's because people have priced the stock to perfection. it's rallied 600% this year and despite forecasting three straight quarters, nine months of 300% growth in sales, i mean, where else are you going to find that, investors were focused on higher costs, margins coming down. zoom had higher mix for users, that includes students, teachers logged in as school resume but remotely, and that made zoom made less money off its users. putting live virtual events online, they have to pay piece, but i'm looking through the analysts today, you saw that price hike of targets, right? from a lot of them, rbc downgraded, but we still have 30 million daily -- 300 million daily meeting participants, that's exponentially grown from

last year. stuart: some investors may think when the pandemic is past, we won't be using zoom as much as we are now. >> might be true. it's profit taking because 300% growth, for any other company that would be astounding. for zoom it's just not good enough. stuart: the queen of profit taking -- >> which is true. stuart: apple's rallying again, how much? yes, they are, up 1%. their joining forces with amazon? >> two trillion dollar giants, app developers can use the am amazon cloud version of mac computers instead of having to buy the expensive machines, and that's a test for app developers that, you know, use and make apps for the iphone and the ipad, and that'll make it a lot faster as well. apple itself is on, i would say, a two-day rally. yesterday gained about 3.5%. you have two influential analysts saying it's a buy and

morgan stanley with a lot of people listening, she says if everything goes right for apple, it's worth $191. that's 60% from current levels. both of these analysts expect and anticipate better iphone 12 shipments that might surprise. stuart: okay. i'd like to see an apple 12 myself. >> well, you could just buy one. stuart: i could. hold on. bitcoin alert. i think it has hit a new hue. down $400 right now, but it dud hit a new all-time high -- >> 19,857, i think, is when they breached that bland new record -- brand new record. they say this time is different from three years ago according to the experts because there's more adoption, there's more mainstream play that includes paypal, square and robin hood, fidelity, even jpmorgan chase, and some say this is the early innings of bitcoin and not rat poison squared as you heard from warren buffett. stuart: i changed my mind when you explained how it can now be

used as an actual current su. >> easily, i would say. look, you have to stomach the volatility. does it get higher from here? people are discussing whether it's a better hedge or gold. i think that's been answered, stratospheric levels. stuart: now let's get to the pot stocks. they've been rallying recently. lauren, they're not today, but recently they have been rallying, so what's behind the rally? >> two votes tomorrow on decriminalization. one is at the u.s. house of representatives to decriminalize cannabis at the federal level although even if they do that, it's unlikely to pass in the senate when it comes to a vote there. the other vote tomorrow is at the united nations to decide whether to remove cannabis from the list of illegal narcotics. okay, is so -- they're mostly down today, but i pulled some of the numbers. sun dial growers up more than

300% in the past 30 days. aurora cannabis up about 160%. so all of this started right after the election when you had four states voting to legalize recreational use and, of course, with a democrat voted into the white house, with president-elect joe biden, he might be more favorable to the marijuana industry especially when it comes to banking and decriminalization. stuart: not today, however. aurora's down 3%. but they've always been volatile. that's the way it is. the media -- i'm moving away from the market now. the media, oh, they were never shy about their dislike for president trump, now, were they? here's a little reminder of that. roll tape. >> that was a monarch. it was, it was very much like what castro used to do. >> trump is acting like a third world dictator. >> this is somebody in deep psychological distress right now. >> do you want to see president trump in prison? [laughter] stuart: okay.

have no fear, a new york times editor claims they will cover joe biden, quote, just as thoroughly as trump. joe concha takes that on. and then there's this, cnn says biden's foot injury after playing with his dog is an example of transparency from the incoming administration. oh, boy. the love fest with the biden camp is just beginning, isn't it? we'll be back with it. ♪ come on, fatso, and just bust a move ♪ at t-mobile, we believe you should get more.

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♪ stuart: we've got to check the markets because you'll like what you see. the dow is up 324, over 1%. the nasdaq's up over 100 points, and we've got the s&p up 1.8%. that is a rally.

and there's this, the nasdaq is proposing a board diversity rule for all its listed company. tell me what this is about. >> so the nasdaq will require companies to add at least one female board member plus one from an underrepresented minority, could be race-based or lesbian, gay, bisexual or transgender. the nasdaq has determined over the past six months more than three-quarters of the listed companies on the exchange have fallen short of these proposed requirements. interesting that the smaller companies could actually meet this requirement with two female directors according to the nasdaq. they are going to petition the sec, has to be approved by the securities and exchange commission, and then we'll see if that happens. but i'm curious as to how you feel about this. stuart: well, i find it very interesting that an exchange would insist on the composition of a private company 's board of directors as a prereck but sis for listing on that exchange.

>> i think they think they can promote more diversity especially with large companies. stuart: i hear you. thank you, susan. take a look at this quote, and i'll read it for you. we are off in a place never seen before in the history of mankind. that was written by the gentleman on the right-hand side of your screen. his name is mark grant. all right -- >> hi, stuart. stuart: good morning, sir. a place never seen before in the history of mankind. i've read this piece. i know what you're saying. you're saying that central banks are just printing money so that governments can spend it. that's your point, isn't it? off in a land never seen before. >> well, stuart, for thousands of years when you borrowed money, you paid to borrow money. now with what the central banks are doing, you can borrow money in the united states for a little butt above zero -- little bit of bo zero, and the

governments of europe are borrowing money at minus interest rates. $17.a 5 trillion, and it's in a place where we've never seen before where people can borrow money or even they have to pay in europe and japan. they have to pay the governments to buy their bonds because they're at negative interest rates. stuart: when will this end? >> it's not going to end anytime soon, stuart, because how good is it for the government? what they've done is created a borrower's paradise for the government, but it's a fixed income investor's hell because typical portfolios, for instance, of seniors, retire's, university endowments' pension funds and insurance companies, let me throw that in there, they can't go into the bond markets and get any sort of return. and my fear here is that they're going to scramble, especially the seniors and retirees, into places they shouldn't go and get themselves in trouble to try to

make up for the loss in yieldment. stuart: i was always told that if you print money like crazy and you drive interest rates down, eventually you'll get inflation. is that the end point here? >> i don't think so, stuart, not in this kind of environment, you know? the printing of money is just part of it, but also the central banks are controlling the southwest -- the interest rates. consequently, we're in a very low inflationary environment, and i don't expect that to change east. too stuart that's fascinating. before you go, i understand that you have become truly famous even though you wear a mask, you get recognized in public. [laughter] tell me what happened. >> i went to buy an iphone 12 and the store told me they were out of them. he asked me e to pull my mask down, he looked at me and said, well, aren't you on fox and stuart varney? i said, yes. [laughter] he said one moment, please, he

went in the back room, and he he showed up with the new iphone 12. thank you -- stuart: you're welcome. >> -- for helping me to get it. stuart: we made you famous, lad. >> thank you, sir. stuart: mark grant, everyone. he's a good man, and we will see you again soon. >> thank you. stuart: cruise lines, let's get to that. some are preparing to set sail again fairly soon, possibly. ashley webster is in port canaveral with our report. what have you got, ashley? >> well, you know, soon, we hope, i guess is the way you could put that. no guarantees. i'm at cruise terminal three, brand new, just completed this summer at the cost of $155 million, and it's all dressed up and nowhere to go. normally this would be home to the carnival cruise lines mardi gras ship. it was supposed to begin operations here just last month, but we're sitting around and we're waiting. cruising is a huge business in the united states. check out some of these numbers.

it generated 55.5 billion in economic activity in the u.s. last year. supported more than 436,000 jobs and close to 14 million people got on cruise ships from u.s. ports in 2019. now, 4.6 million of those came through port canaveral, but this year, of course, it's a very different story. let me bring in captain john murray, port director and ceo here. >> good morning. >> reporter: in the freezing cold, i might add. obviously, it's been a sr. tough year for you. 75-80% of your revenue comes from the cruise industry. exactly how hard has it been? >> a very tough year on the port itself. as you said, 75-80% of our revenue stream does come from the cruising, landlord, tenants and cargo operations, but it's been more devastating to the local community. this is a tourist business, and the guests that get on and off the ships, 100,000 a week, are

spending money in the local economy. >> very quickly, what are the cruise lines telling you? next couple of months maybe? >> we're all hopeful next couple of months. the cdc changed the return to sail order in november is bringing things back. so we're all working together. >> captain, thank you very much. the ship behind me is a casino boat that leaves in about an hour. maybe i should buy a ticket. [laughter] back to you. >> take a chance. why not? >> yeah, why not? stuart: thank you very much, indeed. there's a bar in new york city that's declared itself -- business, you should say -- an autonomous. however, they just lost their liquor license, and they're facing a $1,000 a day fine every day they say stay open. that bar owner will join me in our next hour. and who could forget this photo of california governor newsom dining indoors after rolling out restrictions against doing just that? one l.a. restaurant owner is fed up and taking action. we'll bring you that story in the next couple of hours,

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the team's been working around the clock.wire, we've had to rethink our whole approach. we're going to give togetherness. logistically, it's been a nightmare. i'm not sure it's going to work. it'll work. i didn't know you were listening. stuart: the online gaming company, it's

planning to go public. mario is with us, and mario is one of the first users of roblox. and i think you could describe this game and how to play it and what it's all about in great detail. i understand it's for players to express themselves in a virtual universe. can you make our viewers understand what this thing's all about? >> yeah, sure. and thanks for having me on, stuart. it's really this collection of these 3-d virtual levels that people can play on wherever they want, wherever they like, and it's this collection of platforms that just bring gamers together up to 700 at a time in these individual user-created servers. this is really the first type of company that does this, and it's a really exciting and innovative

idea for the space. there's really no other company before that has this portfolio of user-created level at any time across any genre e that people can think to create. stuart: i've got to tell you, you totally lost me because i'm older than you are, as you understand. but i'm told that it's very, very popular and that parents and and even grandparents play it with their kids because their kids can actually appear in the game as themselves and play with other kids that they know in the game. is that accurate? >> yeah, that's totally accurate. and people can kind of customize their avatar however they want. there's a ton of different cosmetic options to make your virtual character look as close to yourself as you wallet. stuart: and you buy -- if you get it customized, you've got to pay money for this. >> yeah. that's the big monetization

model for the company. the premium currency is used for everything from buying hats, shirts, different cosmetic items, and it's kind of propelled roblox into the stratosphere. stuart: time goes fast in television. would you buy the stock when it emerges? would you? >> yeah, i think so. stuart: mario, thank you very much for being with us. you opened up a whole new world to me and my entire generation. we'll see you soon, thank you very much, indeed. still to come, on your screen, joe concha, brian kilmeade, steve forbes, steve cortes. but first, in my opinion, schools must reopen. that's my take, after this. ♪ thunder, thunder, feel the thunder. ♪ lightning then the thunder. ♪

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i'm proud to be part of aag, i trust 'em, i think you can too. trust aag for the best reverse mortgage solutions. call now so you can... retire better stuart: 10:00 on the button right here in new york city. we've got a rally on our hands. look at this. the s&p and nasdaq both hit all time intraday highs earlier. at this moment the dow is up 335 points. real close to 30,000 again. happening as we speak fed chair powell testifying before the senate banking committee on covid relief. edward lawrence is there. edward, what is jay powell going to say? reporter: powell and the treasury secretary. this is the quarterly update about the cares act.

we'll hear about another covid package. the news comes from treasury secretary steve mnuchin. he is going to say targeting fiscal relief is needed. he points to the economic data coming in, slowing jobs market, growth of jobs. mnuchin will say quote i strongly use congress to use $455 billion of unused funds in the cares act to pass an additional bill with bipartisan support. democratic house members speaking with a louder voice that the house spending is. moderate democrat joining moderate republican senators talking about a relief package on capitol hill. for his part fed chairman jay powell says the job market moderated. he is pointing to the cares act with expanded unemployment benefits the reason household spending did rebound this year. a lot of voices, stu, saying we need a lot more help, a lot looking to the house speaker to

get something done. stuart: thank you so much be edward. that report, what we're hearing about, powell and mnuchin, that has lifted the market as little bit more. it extended the rally. look at this, the dow industrials up 340 points, 1.15%. the s&p up 1.16% and nasdaq up 127 points. a nice bounce after release of that news what jay powell is going to say. bottom line, folks, financial help for the economy looks a hot more likely now than it did a day or two ago. and now this. surely we've learned enough by now to know that the schools must reopen. if grocery checkout workers can get face-to-face with hundreds of people teachers can get face-to-face with 20 or 30 masked students. if catholic schools can stay

open public schools too. the opposition of teachers union is frankly a disgrace. in the biggest school district that union consistently supported shutdowns and virtual learn something dismal failure and a large number of students from minority backgrounds. the teachers union abandoned the children. weren't we told by the democrats that we must follow science? the safe ends shows schools do not spread virus. students don't catch it in the classroom. more likely to catch it in their own households. if they come down with it, the survival rate is close to 100%. they're not 85-year-olds who really do need special treatment. here's a thought, maybe we should look to your roop for school guidance. you won't hear that from me very often. in france, for example, 11% of the people taking a covid test were positive but the schools there are still open. 3% positivity rate shut the schools in new york city. despite a second wave schools in

germany, britain and spain have remained opened. on this issue we can learn something from them. the teachers union should stop acting like an industrial union from the 1950s. they have an overriding responsibility to educate our children. enough with these closures. get on with the job and get back to work. now listen to this. >> children have virtually zero risk of getting a serious complication, virtually zero risk of dying. you don't lock down the children because you are personally afraid. >> the president and his administration are messing with the health of our children. going back to school presents the biggest risk for the spread of the coronavirus. stuart: that is extraordinary stuff. democrats say listen to the science but don't follow the science when it comes out. scott shellady is with us? scott what do you say? i'm saying flat-out the schools must reopen.

they should never have shut down >> well, stuart, we've known that for eight or nine months now and doctors have known that and the democrats have known that and the teachers have known that but guess what? they were shut down for really one big reason only. because donald trump came out and said they should be open. that is the only reason why. the science was there to back up everybody. what nancy pelosi just said there, that should be criminal. do you know how many students have died under the age of 18 from covid this year, in new jersey, stuart? stuart: none. >> zero. two in california. 123 across the country. that is absolutely ridiculous. to lock these children down. 60 million kids are basically missing a year of school. i know, all the anecdotal evidence says they're not getting out of bed to go to classes. not doing what they should do. a lot of kids failing what they never used to before. not to mention mental illness and thoughts of suicide. these people have taken control of your children this not your kids anymore.

they decided what they will do with them, when they will go to school. they will use your money to do it. that is the travesty of the situation. stuart: it is is outrageous scott. president obama is calling out people who like cheap gas. here is what he said in his memoir, at the end of the day we americans loved our cheap gas and big cars more than we cared about the environment. end quote. have at it, scott. >> first of all i would like to invite him for a barbecue let him watch me start it with gas, number one. number two, he has been that way -- he knows better what that do with your money and your environment than you do. ever since we've let companies and people make the decisions. our air and our water has gotten cleaner and cleanest in the world. so when we put those decisions back into the, into the laps of the people, look what happens? even better things happen than his paris climate accord.

that is the problem. he thinks he knows what to do with everything in your life, including your children like we just said, rather than you do. that is the biggest problem with the democrats versus the republicans. stuart: no wonder you're one of the more popular guests on this program, scott and we do hope to keep on seeing you in the future. >> i don't know about that. stuart: i do. i send you emails. scott shellady, good man. moments ago we received the latest reading on the manufacturing sector. called the ism manufacturing index i think it is. what have we got, susan? susan: expanding for a sixth straight month in the month of november but a slightly lower pace than forecast. looking at a read of 67.5 in the month of november. economists look at read of 57.8. slightly lower, anything above 50 demarch cake line. that is positive. stuart: gave extra lift to the

dow. we're up 400 points. susan: actually discussions that treasury secretary steve mnuchin will speak with nancy pelosi later on today about covid relief. so more hope we might get some sort of stimulus package. stuart: there you go. 30,030 on the dow. we have numbers on construction spending. what do we have, lauren? >> yeah. the housing boom just continues. this is for october, much better than expected. an increase of 1.3% from the month before. total value, $1.43 trillion. but it was led by private residential construction. so people wanting to move. builders struggling to keep up with demand and the price of homes going up as a result. stuart: lauren, got you. thank you very much indeed. stay on real estate for a moment. if you're planning on refinancing your home, you may be hit by a brand new fee that starts today. did you know it was coming? mitch roschelle, macro trends

founding partner is with us right now. mitch, give because the nude, what is the fee, how much is it and how come i didn't know anything about it? >> maybe because you didn't have me on a few months ago i would have told you about it, stu but it is half a percent, known as 50 basis points. it is for all loans over 125,000. most loans insured by fha. hones from fannie mae and freddie mac, those loans, basically whatth trying it do is call the adverse market fee. they're trying to recoup some losses, potentially $6 billion worth of losses they incurred as a result of missed payments. they're pushing loss recoveries on to folks who are refinancing existing mortgages. stuart: no way around it? you got to pay it, you want to refi as of today, you pay the fee, right? >> right. you can pay it up front. a lot of lenders are sort of baking it into payments over the life of the loan so it is not as painful there is good news if your lender is not through

freddy and fannie. there won't be the fee. meaning loans are not insured by fha. jumbo mortgages, those are not fannie and freddie. for the average $300,000 loan, $15 you potentially pay up front in the fee. >> mitch, i wish we had you on a few months ago. you have warned us. probably my fault we didn't have you on. glad you did. we know what to expect in the refi market. mitch, we love it, see you soon. >> thanks, stu. stuart: i really want to see the market again. that is a rally 1/2, isn't it. we're up 378. do what susan likes here. dow up 1.25%. s&p up 1 and 1/3%. nasdaq composite up better than 1%. are you happy? susan: yes. i think americans should be happy we're talking about stimulus once again and that is what is helping extend the rally

we're seeing given that pelosi and mnuchin will discuss relief. we'll hear from federal reserve chairman powell in a few minutes. stuart: not much how much in terms of relief but we get anything. susan: we were so disappointed before the election. stuart: that's right. 370 up for the dow industrials. facebook's mark zuckerberg wants to help joe biden with his virus response. what is that about? >> founder mark zuckerberg live streaming in an interview with dr. anthony fauci yesterday. facebook was in touch with biden how it might help with coronavirus virus and relief. facebook will push out what they call authoritative information when it comes to vaccines with no specific details. ft reported that facebook will put a banner at the top of its site to get users vaccinated there are polls, saying less

than 50% of americans will take the vaccines when it is available, when they are available. people see this as an olive branch to start cooperating with the biden side. biden like president trump said he wants to repeal and review section 230 which shielded companies like facebook which makes them liable for what users post. stuart: they have lost their credibility. susan: speaking of credibility, take note of facebook we should take note of. the cryptocurrency is being changed to diem. carpe diem, this is the their dollar. change of image but maybe see a limited release at the start of next year. stuart: stock is up 3%, 285 on facebook. susan, thank you for that. big show coming up, the "cake boss," buddy velastro,

what does he keep governor keeping a lockdown on the table. i will ask him. media fawning over the biden camp so-called transparency. watch this. >> when biden hurt his foot, i appreciated it. why? because i'm a sadist. no, because we just got the straight truth about it. no lie. no deny. just, he was out playing with his dog. stuart: fascinating, isn't it. media guy joe concha takes that on later this hour. the cdc is voting later today who gets the vaccine first. that is important. we'll have details for you too. ♪ research shows people remember commercials with nostalgia.

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independence with peace of mind. call to receive $1,000 off your kohler walk-in bath. and right now we're offering no payments for 18 months. stuart: 10:17 eastern time and the dow industrials are up 400 points and 30,039 and the nasdaq is up 139. i think i can safely say this is a rally. show you pfizer around biontech. no. susan: biontech. stuart: biontech. i will get it right. biontech. they have applied for approval of their vaccine in europe. if thorpe rised could be in use later this month. quick check of moderna. they requested authorization for their vaccine here and in europe. that stock is up another 11%. moderna is $170 a share. now this. you would think they would be more careful.

you vote to shut down outdoor restaurant dining and immediately go out and dine outdoors at your favorite restaurant. lawmaker hypocrisy writ large again in california. l.a. county supervisor, sheila kuehl, voted for the ban and ate out at an italian restaurant herer in house in santa monica. newsom at the french laundry, pelosi at the hair salon, lightfoot at the hair salon, kuehl at the, quit the hypocrisy and quit ruining our country. later this hour, by the way i will talk to a california restaurateur who is now flipping burgers on the sidewalk because california banned both indoor and outdoor dining in his restaurant. he is in the street cooking burgers. he is on the show. now this. the cdc meeting today to determine who gets the vaccine

first. susan what do we know what is on the list so far. susan: experts proposed giving the vaccine to health care workers first. high priority. given to workers in essential industries, people with certain medical conditions and people over the age of 65. now panel experts will recommend who to vaccinate and when. this is the advice, the government usually almost always follows. hhs says 40 million vaccines by end of this month. that is enough to inoculate around 20 million people. we have two vaccines, moderna and pfizer. biontech. they require two shots here. in a before the case scenario the fda will move quickly to authorize vaccines during the distribution probably in the middle of december if not just a few days later. stuart: two weeks away. two weeks.

who do you think the gets the vaccine first. >> this news of a vaccine this, effective, this really quickly and amazing christmas gift. we deliver the package from the factory door to the front line workers. and i agree with the centers for disease control. get it to doctors, nurses, actually taking care of patients elderly, people with medical conditions. i will tell you looks like there will be delivery by december 11th. talking about 20 million people able vaccinate this year, 25 million a month, every month after that. this is really a good news story. we need to get it done. stuart: who decides which states get it first? >> you know i chaired a conference of all the senators with those that were in charge of "operation warp speed" and getting it out the door. and they're going to bep distributing it to the states in

proportion to the populations of each of those states with each group that goes out. every state will get some immediately, relative to their population. then the question is, how does the state distribute it and every state has been asked to come up with its own plan but to make sure the states are ready, we've already prepositioned in the states needles, syringes, gloves, alcohol pads, masks, all the things that we need. so the second the vaccine gets to the states they will be able to administer the shots. stuart: that is a remarkable achievement. look, i don't think the president gets credit for this. i think he should. not only have you developed these vaccines at warp speed, unbelievely quickly, but you're telling us that you got all the equipment in place all over the country so that when the vaccine arrives you can use it almost immediately. now that is an achievement which i wish the president could get

some credit for this? >> the president deserves incredible credit for this, stuart. then you've seen the governor of new york who called this bad news because he said it happened two months too soon before another administration might take over. i mean this is the worst you can get. stuart, this vaccine has been politicized. president trump has led the way. i would encourage all people, if you can get the vaccine, get it. i'm going to get it when it becomes available to me. i'm like you, i'm not at the front of that line but i will tell i think it is going to be the thing that writes the final chapter against coronavirus. stuart: real fast, mr. senator, do you think we get an virus aid package through the congress before the end of this year? it sounds like we will. will it be a trillion dollars or two trillion. what do you think? i'm not sure the exact dollar figure. i would like to see this done, but it has to be focused on

helping people who are struggling, workers, small businesses, paycheck protection, kids back to school, getting the vaccine out. it can't be for some liberal wish-list which is what nancy pelosi has been demanding all the way through but you know even her own party is now abandoning her on these goals. they lost about a dozen seats in the house as a result of her kind of dug in position. we have a bipartisan group working on getting it done. i hope we get it done before the end of the year, stuart. stuart: john barrasso, republican from wyoming. we appreciate it. >> thank you, stuart. stuart: the drop in foot traffic at retail locations is not only hurting the stores it is hurting charities as well. grady trimble has that story. he is at a salvation army red kettle in chicago. what do you have, grady? reporter: statute i think you can see the problem here. this is a macy's in chicago. we have a bell ringer out front. there are not very many people walking by here.

the salvation army collects 40 to 70% of their donation this is time of year during the holidays, depending on the city. major clara braddock with the salvation army as we see a bell ringer in the background. your donations are way down where they should be. >> this time last year our donations are 50% more than we received for this year. reporter: you have fewer kettles out, there are fewer large gatherings. we know people spend on cyber monday. what is the message to those who are watching this. >> the acceleration army we have kettle locations in various locations but we also have tex kettle, then 91999. rescue christmas.org and go online and if you're in need. reporter: best of luck. people spend money online. time to to donate online.

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♪. stuart: all right. check that market, please, why not? you're up 408 points for the dow industrials. up a whopping 130 for the nasdaq composite. that is a rally. now, show me tesla. you got rally there up as well. up another 2 1/2%. they will join the s&p 500 all at once. that propels a lot of fund managers to buy the thing and they're doing it. it is up 581, that is tesla right now. nio, chinese tech company, that they delivered 120,000 vehicles in 2020. up 111% from a year ago. nio is fourth largest car company in the world. how about that? stock down 6% today. amazon, says the shopping period is the biggest ever. do we have any numbers? susan: no specific numbers. independent sellers sold

4.8 billion which is up 60% from last year but they did tell us what really sold well on the website. popular purchases include the new echo dot. former president barack obama's book, the promised land. revlon one-step hair dryer, volumizer brush. stuart: must have, baby, must have. volumizer. susan: self-care, nesting at home, comfort most popular trends during the period. amazon is widely expected to be one of the biggest winners. one wall streeter says amazon will capture 40 cents of every dollar spent during the busy shopping period. almost 50 cents on every buck spent spending online as we know on black friday climbed by a quarter. record numbers, nine billion. cyber monday expected to be a record at $12 billion according to adobe analytics. stuart: amazon stock is couple

hundred bucks from the record high. susan: volumizer brush? stuart: volume idesser brush, you really lost me, susan. beauty retailer safora could come to kohl'sability, when will that happen, lauren? lauren: first 200 which come this fall. 850 by 2023. because what this deal does, it was in jcpenney it upends that deal. the reason why sephora owner picked kohl's, they are not in shopping malls. technically shouldn't have reduced traffic. same for target, why sephora rival, ulta beauty is opening beauty shops inside of target. sephora almost ditching jcpenney to go to kohl's. stuart: kohl's stock up 15%, as

the brush volumizer. susan: rally 1/2, right? stuart: lauren, susan, thank you very much indeed. serious, hypocrisy on the left, lots of it. a "new york times" editor claims the paper will cover joe biden, quote as thoroughly as they did with president trump. who wrote that comedy line? joe concha, fox news contributor is with us. joe, does anybody believe that? >> look at "new york times" hasn't endorsed the republican presidential candidate for the last 16 elections. go back to 1956. we were not remotely close to being alive. look at three quick examples. paul krugman wrote last night joe biden will be the quote, the first modern u.s. president governing in the a face of opposition refuses to accept his legitimacy as if hillary clinton and democratic lawmakers didn't call president trump illegitimate during his term. and look, before president trump

took office in january 2017, this is what paul krugman had to say. is it okay morally, politically, declare the man about to move into the white house illegitimate? yes it is. it is an act of patriotism. does paul krugman read paul krugman? tom friedman goes on cnn recently. implores people to pick up everything and move to georgia to vote in the senate runoff. that is okay, except that is a felony. "new york times" literally going from journalism to activism or not reading their own stuff. we'll believe that? that they will cover trump as heavily as biden or vice versa? that dog don't hunt, stu. stuart: it is funny to think about that but look, the mainstream media is using joe biden's foot injury to fawn over how transparent they think the biden administration will be. hold on a second, joe. just watch this, please. roll it. >> all right. >> when biden hurt his foot i appreciated it. why? because i'm a sadist. no because we just got the

straight truth about it. no lie. there was no bs. there was no blocking us from the reason that trump was rushed to a hospital. no fugasi doctors with absurd lauding statements about being superhuman, the strongest pinky toe in history. just the truth. stuart: joe, this is a real stretch. hard to even watch this stuff. >> speaking of bs, stu, by the way, if joe biden hurt his foot, broke his foot on saturday, why did then his press team decide not to let everybody else know until sunday? that is anything but transparent. let me read you a couple headlines real quick. slate said, biden breaks foot engaging in tried and true expression of presidential vigor. meanwhile "the new york times," speaking of, last year wrote a column literally with in headline, why president trump hates your dog. you want to see a contrast

between trump and biden, that is great little microcosm i will put at top of syllabus teaching this stuff. stuart: on target again, joe concha. great to see you again. don't be a stranger. >> all right,. stu, buying revlon one step hair dryer. i'm inspired. this hoed need the a lot of work. stuart: volume idesser brush, get it right joe, volumizer brush. >> i will get on it. stuart: joking here. a bar in staten island declared itself an autonomous zone. now the state has taken away its liquor license. that bar owner is on the show in our next hour. first i'm talking to an l.a. restaurant owner now flipping burgers on the sidewalk after california banned both indoor and outdoor dining in his restaurant. he will tell us how he is making it work, if it is. he is next. ♪.

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stuart: it's a rally sports fans. we're up 360 on the dow at 30,000 almost on the button. up 82 on the nasdaq. the 10-year treasury yield, interesting point here, it has just crossed north of the .9% level. first time we've seen that in a couple of weeks. let's check bitcoin again. where are we? we're down 170 bucks at 19,560. that is the important point. $19,590 per coin. it had a terrific november. now look at this, flipping burgers on l.a.'s sidewalks. one restaurant owner decided to take matters into his own hands during l.a. counties in-person dining ban. that man joins us now. he is the owner of minot in downtown los angeles and a bees troh in hollywood. have you been told to stop what

you're doing? >> no, not yet. we haven't been told to stop what we're doing. but you know, with outdoor dining restrictions, we had to pivot our business once again. at minon, we had to cook outside burgers. beforehand we had five tables outside. that was even, maybe, what, we're making 50, 60% of revenue then. now we're, we're hoping to kind of make it through the month, but it is not looking very good. stuart: it is almost a protest, isn't it? you're protesting this ban on indoor and outdoor dining you want to do something about it? >> yeah. look, listen, i mean, we started doing outdoor dining in june and july. and since then, the cases have gone down. they're putting new parameters, okay, is it really outdoor dining? it's not.

the most, way virus spreads from indoor gatherings so we had it downward trend, they're using us as kind of a scapegoat. overnight, wednesday, wednesday night, 700,000 jobs government lost. so what are they going to do about it? you know what? i don't know and it is kind of looking a little bit bleak. stuart: santos i don't know whether you heard this an l.a. official was caught dining outside just hours after she voted to ban outdoor dining. you may have heard about this, but how do you feel about it? >> well, good for them. they don't take the rules seriously and if it was serious we would take it seriously. a lot of people don't. and look at gavin newsom, like you showed on your, you know, earlier today. dining at the french laundry. we're serious we would take it seriously. shutting down my restaurant, or my friends restaurant, went by

the way from 150 employees to 10 employees overnight, shutting down our restaurants and our live hood will not save your grandma, you know what i mean? show me the proof. show me the proof, maybe we'll listen to it. we're all really pissed off. stuart: i think the revolt is growing. santos, thanks very much for joining us this morning. >> you're very welcome. thanks for having me on. stuart: sure thing. staying in california, another restaurant owner taking aim at the restrictions but in this case he is mocking the governor. who are we talking about? susan: especially governor gavin newsom was eating at three star michelin restaurant french laundry without masks or six feet apart. this restaurant near l.a., in redondo beach, eat joe's restaurant. he is hanging a french laundry banner in front of his restaurant. why? if it is okay to come to french

laundry he can eat right here, right? stuart: that is funny. susan: newsom moved 48 out of 51 county into the purpose tell tier, you can't eat out at restaurants. these small businesses family-owned restaurants are suffering with millions unemployed. i was sifting through the french laundry menu by the way. how do you feel about ilician crab today? thomas farm squab. stuart: 56 buck as plate. susan: $56 set menu, my treat if we ever go. likely haven't. with people hurting during the covid lockdowns los angeles county is using a federal relief funds to recruit celebrity influencers? tell me what that is all about, lauren. lauren: amazing. okay so the county is $2.9 million of taxpayer money from the cares act to hire two pr firms to handle covid-19 outreach but the county has its

own press team. they have their own media team but still they're paying frazier communications and mercury public affairs to reach out to the community, monitor public perception of the virus and yeah, hire celebrity influencers. all this got me thinking, i know you will remember this, 1956, stuart, remember elvis presley got the polio vaccination on national television. what did that do? that increased immunizations. we might need celebrity influence like that right now but do we need to use almost $3 million of taxpayer money to hire pr firms to set that up? stuart: that is how things work i believe, lauren. lauren: in hollywood. stuart: yes, thank you. that is a good clarifier right there, in hollywood it works like that. lauren, thank you very much indeed. the san francisco 49ers football team basically homeless after santa clara county put in new restrictions. this cannot be good for the

team. i don't think it is good for the game either. tiki barber will talk about that our next hour. here comes kilmeade. we're talking lockdowns and schools. more "varney" after this. ♪. (announcer) if you've struggled to lose weight,

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stuart: we're just waiting for kilmeade he is along in seven seconds. i will use the time to tell you that the dow dropped slightly below 30,000. but it is still a rally. 10:51 on the dot, there he is, kilmeade himself. my timing is always pretty good, brian. it is brilliant, actually. i want to start with the reopening of schools. i have a bee in my bonnet about this. i think it is absolutely outrageous they're closed right now. i want them opened now. how about you? >> how about this? anthony fauci instead of doing governor earning and advice by interview give a press conference. we'll have podium his size, microphone right size, give him gloves, he will make announcement that data shows, children, especially k-6, almost no chance of getting this virus.

most states have zero fatalities or even, carriers, the chances are low. then tell us the chances from six to 12. you phase it back in. so you get out of these geniuses like mayor de blasio's hands. instead of stefan curry's podcast or kim kardashian celebrity zoom call. we find news from that, why doesn't he come out to say things definitely? that is what the president said over the summer, ignored. they said it was irresponsible. that is what dr. atlas has been saying from the spring. said it was irresponsible. was out of his depth. we find out that the risk for kids, a third grader sitting on a laptop or an ipad, not working. stun ir. they need to be in school. it is so ridiculous that it is not. stuart, to back up our belief we're right, why is it when you have a tuition check, these teachers and these administrators find a way to get you in school successfully? that is called private

education. stuart: yeah. how come private schools are open? how come catholic schools, talking about new york city right now are open? how come incoming administration wants to shut down the highly successful charter schools in this city and elsewhere? how come the teachers union which has betrayed the children they're supposed to teach, also wants to kill off charter schools? what the devil is going on here? >> show some courage. if it is joe biden becomes president, show some courage. what are you worried about? not getting reelected? not having teachers union backing? where will they go. stand up, listen, for the good of kids, my next generation, my grandkids they have to be in school. not only that you pick up the pie charts, bar graph, there is no reason for them not to be in school. teachers susceptible don't want to do it go in anyway. nfl football players had scabs walk in when the nfl players walked out, they played with bar league players.

you can't go in teachers, you got two hours, two days to get into the classroom or we'll use somebody else. stuart: well, look, if i'm a grocery store checkout worker, i'm in my mask, i'm behind the register, and a constant stream, two or 300 people a day are coming past me. i'm a grocery store checkout worker. i go to work. what is wrong with a teacher? why can't a teacher go to school, stay in front of the classroom and deal with 20 or 30 children? >> we know people go through cancer surgery, underlying conditions i want to provide them with education, with a paycheck to go home, help us out with people that have to do remote learning. maybe there is coaching they can do for rookie teachers. i get that. if you're susceptible don't go into the classroom. but if you're not go. get here we have to take "the sun" way, take the train, i'm in a car, i never been with a car. don't know who is in before me.

we're not heroic. we have to go to work. you have to go to work. you explain to kids, for those students or for those districts don't have a lot of money, we do bake sales to get a soccer team to go to canada. can we do different sales and fund-raisers to allow testing for schools so they get the same, maybe, in some inner-city schools don't have the funding? maybe we help them out? maybe some of that money that we have in washington goes to getting these schools and getting some testing, so maybe teachers have peace of mind? stuart: i think a revolt is brewing. i think you can already see that in new york city where parents are so up in arms about elementary schools. i think a revolt is brewing. i don't think the school closures will last much longer. 20 seconds to you. >> business owner, restaurant owner colorado, went through 98 different business owners refused to close. 98 owners. get businesses together to do things responsibly, stay open

you can stare down these politicians who have no experience. stuart: i'm with you, brian. thanks very much for being on the show again. we'll see you soon. >> thanks, stuart. stuart: big show still ahead, steve forbes, steve cortez, "cake boss," buddy valastro, my take. the far left pushing to print more and more money. we'll tell you why that doesn't work next. ♪.

>> we have stimulus out there. the low rates act as a stimulus. there's a lot of great opportunities in this market. >> of course schools have to be open. look at california where almost the entire state is in a purple tier, a purple tier. it's almost impossible for the schools to stay open. >> that is absolutely ridiculous, to lock these children down. 60 million kids are basically missing a year of school. these people have taken kohl of your children -- control of your children. >> the second the vaccine e gets to the states, they'll be able to administer the shots. president trump has led the way, and i would encourage all people to get the vaccine. get it.

♪ ♪ you make it feel like christmas ♪ stuart: well, secular or christmas music, but that's a lovely shot of the tree lit up very nicely right outside our studios in new york city. it's 11:00 here in new york, and we have a rally on our hands bigtime. there is the hope of stimulus to come, so here we have the dow up 355. the nasdaq is up 111, and the s&p is up 3.25%. 1.25%. that's up 44 points. the markets are rallying maybe because we're likely to get some stimulus. so, edward lawrence, what stimulus are we looking at in. >> reporter: stu, this is the anger of lawmakers on display. a bipartisan group of senators and representatives have now are leased a framework for a new bill, $908 billion worth of

covid relief stimulus here. we're talking about $160 billion for state and local governments, $288 billion in extra support for small businesses through the payroll protection program and other programs in that language. it would also see the first round of ppp money would not be taxed to businesses as income. $45 billion for airlines, buses and transportation. to appease the democrats and get them onboard, there's also other things that are in this bill, $5 billion for opioid treatment, $10 is billion for broadband and $10 is billion for the postal service. this was led by joe man thin, susan collins, bill cassidy, jeanne shaheen, democrat from new hampshire, lisa murkowski, angus king, mitt romney and maggie hassan. the problem solvers caucus is also onboard. they did the maths, they counted the numbers, they said they have the votes for this package to

pass. we'll have to see what happens. there's a lot of pressure on house speaker nancy pelosi to do something now, and this raises that ante, $908 billion. back to you. stuart: sure does. looks like we might get something, and the market's responding. edward lawrence, thank you very much, indeed. good stuff. now this. ah, watch out, world. here comes modern military theory. never heard of it? this is how the far left will pay for everything. bear we me here, please, just bear we me. this is not technical, it's not complicated. modern monetary theory says printing money has no consequences. just print what you need so you get what you want. easy. alexandria ocasio-cortez is a follower of this theory. to cover the astronomical costs of the green new deal, she would just turn on the printing presses. after all, she says if we can bail out the banks, why can't we

bail out the planet? bernie sanders knows that taxing the rich will never bring in enough money to pay for all of his socialist dreams, so just open the money spigot. $2,000 a month for all working class families, $600 a week for everybody who's unemployed, end homelessness, give everybody a job. you can afford anything if you just print enough money. stephanie kelton is professor of economics at stony brook university and advised both aoc and bernie sanders. she says, quote: to save the planet and fix historical inequities, we must give up our obsession with trying the pay for everything. just print it and, he says, you can have it all -- she says, you can have it all. these ideas are firmly installed within the democratic part. it's the holy grail they've been waiting for because they think they can get anything they want

and never have to really pay for it. i'll leave it to others to debunk this theory. i just want everyone to be aware of what's coming. the utter debasement of the u.s. dollar. hardly a brave new world, more like a disastrous leap in the dark. the third hour of "varney & company" if, wait for it, is about to begin. ♪ ♪ stuart: susan just said to me, what was the point of that, and i don't understand? [laughter] i'm appalled. steve forbes, you know what i'm talking about. what do you think to this modern monetary theory? you're the guy who mentioned it on the show a couple of weeks ago. you're the guy who turned me on to it. >> well, it's a disaster. it's just modern or garb for the idea that you can debase money, create it out of thin air and no consequences. and we've seen in the last century the consequences.

you had the german hyperinflation where they pointed money that the modernists would love that destroyed german society, paved the way, created the conditions for the rise of adolf hitler. we know what that almost did to civilization. what they've done, stuart, is 12 years ago when the fed printed all that money after the 2008-2009 recession, they didn't get a big inflation because the regulators wouldn't let the banks lend the money. so these people like stephanie k everything lton think, aha, there are no consequences. as this money starts to seep out into the economy, there will be consequences, and they won't be prepared for it, and we'll have a disaster on our hands. thank you for sounding the warning on it because this is the train wreck that we can see coming. stuart: glad we're in agreement on that. we'll talk to susan a little bit later about this. steve forbes, all good. now, the markets clearly rallying very strongly today. i think it's on reports that we're going to get some kind of stimulus, the latest report is maybe $908 billion.

maybe. but you don't like any kind of stimulus at this point, do you? you don't think it's necessary. >> well, you can make a case, i'm so glad that we're in an environment where $908 billion sounds like chump change after the 2, 3, 4 trillion the packages they've been bandying about. so they're going to do something. so, hopefully, they will not put in bailouts for local and state governments' mismanagement. that's where they're going to try to use the federal reserve to get around those kinds of ricks. so try to limit the harm. what they should do, yes, something for small business, remove those ridiculous restrictions they put on the payroll protection plan which hurt a lot of small businesses because they didn't realize they also have to pay rent and things like that. get rid of those restrictions, and do one more round of individual checks. i know that sounds strange coming from a conservative, but that is just a one-time thing, doesn't disturb the labor markets, and then we can be done with it and move on, let this economy -- which has shown great

strength after a devastating hit from covid-19 -- let it recover. unfortunately, the democrats won't let it happen with regulations and the like so, sadly, we're going to have plenty to report on as they find ways to gum up an economy that is showing amazing strength under adverse circumstances. stuart: well said. steve forbes, don't be a stranger. come back and see us soon, and we'll get more on modern monetary author true. >> thank you. stuart: unbelievable, actually. steve, thanks very much, indeed. now, i want you to take a look at this. it's a new op-ed, and the title is: divider obama demeans hispanics and christians, uter trump delivers. -- uniter trump delivers. steve cortes wrote that. all right, let's take the it one at a time. you say that it demeans hispanics, that obama is demeaning hispanics. tell us all about that. >> he is, stuart. he's demeaning hispanics and christians at the same time. as a matter of fact, his statements last week, it was

almost staggering how much condescension and how many lies he was able to pack in just a couple of sentences. he effectively blamed the deeply-held faith of hispanic americans for why they're turning away from the democratic party. now, he is right about one thing, hispanics are far more pro-life than are other americans and quite proudly sho, but he also got quite a lot wrong. he said they turned to president trump because they oppose gay marriage. there's one massive problem with that calculus, and that was that president trump was the first american president elected to office initially as a proponent of gay marriage and, in fact, barack obama -- the very person making these remarks -- he was adamantly opposing g ark y marriage. i think even more importantly is the idea -- and this is really just duh marijuanaing of the -- diminishing of the agency of hispanics, that barack obama believes we are such simpletons

that we can only base our decision on one issue. the driving force behind the hispanic surge for president trump has been the economy. and it's not just my opinion, but the way, polling shows that. i cite in the article of hispanic-americans who cited the economy as their number one issue, 87% of them voted for president trump because this president has been magnificent for small business, for the economic strivers, for working class people, many, many hispanics fit into those categories. and for those reasons primarily, we hispanics have been rallying to the america first agenda and to president trump. stuart: all right, steve. new york times editor, cliff levy, he claims "the new york times" will cover joe biden, quote, just as thoroughly as trump. try to keep a straight that face, steve, and tell us what you think about that. >> i'm not going to hold my breath for that. look, if you look at the actual record of the new york times -- "the new york times," by the way, admitted, we can use their

own words against them, that they chased the russia hoax for so many years that once that hoax was completely debunked by the mueller report, they didn't know what to do with themselves as a newsroom. they immediately pivoted to racism because that is the lazy default of the legacy media, the corporate media, unfortunately, in this country. they launched the misbegotten 1619 project. but my point is the record is dreadful. they are driven by narrative rather than storytell telling and journalism. and an agency, a platform like "the new york times" -- and it has a lot of company, unfortunately, in this regard -- that was willing to ignore the biggest story of the campaign, the biden family and the biden cartel, those platforms cannot be trusted going forward to have any degree of honesty the or apply any real scrutiny to joe biden. stuart: steve cortes, thanks for coming back to us, and i'm sure

we'll see you again soon, steve. of appreciate it. >> thanks, stuart. stuart: that rally still holds. we're up bigtime and so is big ec tech. susan. >> modern monetary theory can be thanked for that. [laughter] look, stimulus hopes are propelling the s&p and nasdaq to records this morning, markets moving higher, this report that treasury secretary mnuchin will be speaking with nancy pelosi possibly on covid relief and maybe getting some agreement. is it going to be $900 billion? we'll see. but look at the move in the big tech names, apple, facebook, netflix, google, paypal, i would say these are underperformers over the past month as we know that wall street investors have really rotated the in the laggard plays like energy. banks all of a sudden are hot, materials, industrials. one stock i want to highlight is tesla, taking a look at the value hi once again, adding to its 500% on the year. tesla's going to be added to the

s&p in just one go, not the two phases that some had initially floated, right? stuart: [inaudible] >> near the s. can buy all at once, and goldman goldman says l unleash $8 billion worth of tesla stock right off the bat, large cap mutual funds. and don't forget there's $11 trillion pegged to the s&p 500. stuart: is this day? >> no, december 21st. it'll be before december 21st, probably a day before, a few days before, that's when you'll start seeing the tesla stock on the s&p. stuart: thank you, susan. president trump has raised $170 million since election day. does that mean we'll see mr. trump on the ticket in 2024? good question. meanwhile, joe biden announcing husband economic team. we have the details on how the new administration could hit your wallet and, yes, your taxes. first, though, a new york city bar declares itself an autonomous zone. the is state is not backing

down, they've taken away the liquor license. the owner is on the show. and take a look at that market. it's a good day to check your 403k, people. the third hour of "varney" just rolling on. ♪ come onover, come on in. ♪ you can unwind, take a load off your mind. ♪ make a wish, make a move, make up your mind, you can choose ♪ yeah!? i switched to geico and got more! more savings on car insurance!? they helped with homeowners, too! ok! plus motorcycle, boat and rv insurance! geico's got you covered! like a blanket! houston? you seeing this? geico. expect great savings and a whole lot more.

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autonomous zone after of the su city tried to close them down. they've been hit with fines of $1,000 a day, a shutdown order x they've had their liquor license suspended. daniel is with us, the co-owner of mac's public house. look, i want to put it to you like this, daniel, the state has essentially ruined you. i don't know how you survive. can you survive? >> at this point we're not sure, and that was kind of why we had to take the stand, was because we were crippled down to almost nothing already. and at that point i said -- and it wasn't just us. a lot of voices out there saying i don't know what to do, and that was the whole reason why we did this, was to kind of gain attention to what needs to happen and what this industry and all small businesses, we need help. we need help, and i can't sit back numb and just kick the can down the line and point fingers at other, you know, the federal

government or whoever. you have to help, you have to help us. stuart: i can hear children in the background, i guess maybe you've got to feed 'em, right? >> yeah. three little ones running around. stuart: oh, bow. we're with you, believe me. we really are, daniel. take me through this. the state said, no, you can't open up, you have got to limit capacity, close you down, etc., etc. so what dud you then do? you then said we're an autonomous zone, and you gave away food and drink, is that what happened? >> we're adapting to the situation. it really is day-to-day. again, we didn't go completely rogue and say rules are out the window. we are still abiding by every single safety precautions that we took before, contact tracing logs, cleaning procedures, temperature scans, everything. and what i find really amazing is that i have a stop business order and cease and desist

orders from the city and state health departments, and neither agency has ever been there. the sheriffs are issuing these on behalf of the health department, and nobody has even tried to come in to even say, hey, what's going on here. so i'm getting cease and desist letters from all these agencies, and no one has even said anything like you're doing wrong. the only thing that we're major, that we're fighting right now is the indoor dining ban because it's just a mandate. all other laws, regulations and rules we're abiding by. we're being safe. and what we're asking for is that our local governments help us. and agencies, if you're going to slap us with cease and desist orders and all this, you might as well be the ones to come down to check it out when you're going to issue them. stuart: daniel, i just want to tell you we're all very much with you, and i think there's a revolt brewing both here and elsewhere in america. when buzzes like yours are --

businesses like yours are shut down and people like you are ruined. thanks very much for being on the showment we wish you the best of luck. come back and see us and tell us how things are going. >> thanks for having me. stuart: yes, sir. thank you. we're going to show you some airlines, they're trending higher. we've got positive news on the stimulus. this package, this $908 billion package that is talked about, that would include money for the airlines so, obviously, the airlines benefiting there. and the arrival of vaccines very soon. that, too, helps the airlines. then there's the cruise industry. obviously, decimated by the pandemic. ashley webster's reporting on this for us. are you on that ship right now? looks like you are. >> it looks like it, does it not? no, in fact, this is tellingly so, there are no ships here at port canaveral as the industry remains shut down. where i'm at really also tells the story, stu. this is the new cruise terminal three. it is i enormous, 185,000 square

feet. it was built by carnival cruise lines for its cruise shut up mar duh gras. it was -- ship mardi gras. this was supposed to be packed with people. they're expecting some 5 million cruise passengers to come through port canaveral this year and, of course, it never happened. in fact, if ever there was a picture that depicted the year 2020 for the cruise lines, this is it. it's beautiful, really is. you've got security down here, the vip area over here. so the question becomes when do they expect passengers to start coming back, and that is the critical question. i was talking to the port director, and he says, you know, you have to give the cdc30 days' notice before you can do one of these test runs, and then you have -- assuming that you pass that, then there's a 60-day period before you can actually start taking on passengers. those things combined is three months. and i also found out it's not just one ship from each cruise line that will be tested.

every individual ship in each fleet has to be tested. so to get back to normal, it's going to take a lot longer than some, perhaps, will believe. and will people come back in the same kinds of numbers as we saw last year in well, the cruise lines hope they can provide that confidence with all the testing they're doing. changing procedures, someone said to me today he news the days of the free-for-all buffet where you're throwing ankle bow e to get that lobster tail, those days are gone. people will serve you individually which is probably more dignified and safer as well. but this does tell the picture, stu. stuart: i hate to see that sitting there empty, or going to waste. >> yep. stuart that's what it is. ashley, thanks very much, sur. see you again soon. a los angeles county supervisor facing backlash of after eating at a restaurant just hours after voting to ban outdoor dining. lauren, come into this, please. what's with these politicians? >> do what i say, not what i do.

we are seeing that repeatedly. so l.a. county supervisor sheila kuehl, she dined in santa monica last week, but it was just hours after. >> she voted to ban outdoor dining in the county because it was deemed too dangerous. so why did she go? this is what her team says, quote: she loves il forno, has been saddened to see it, like so many restaurants, suffer from a decline in revenue, but her vote is causing even more financial pain, and it comes without appropriate science to back up how eating outdoors actually spreads the virus. if you think that's bad, i've got one more for you. a movie shoot was planned at union station in los angeles for today. it was the remake of "she's all that" from the late '90s. and because it was happening at union station, they had to close a popular covid-19 testing site there and upend 504 angelenos who were getting their tests done there today.

huge uproar by the local community. the people won, the movie shoot canceled or, i should say, postponed x that testing site is up and running. it's just, it's huh huh pockily city -- hypocrisy, and you can add a couple more adjectives in there, stuart. stuart: you can, indeed, lauren. well said. the are e volt is growing. thanks, lauren. the san francisco 49ers, basically they are homeless. california officials halted all sports. the team's not happy about it. let's see what former nfl star tiki barber mixes of it too. -- makes of it it too. stuart: president trump has made $170 million since the election, is this a sign he's running in 2024? paris dennard joins us next. ♪ i'm burning the candle at both ends ♪ we're carvana, the company

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putting former fed chair janet yellen in charge of treasury, she's someone who has historically favored high taxes and actually has spoken out against tax cuts. in 2018 she spoke out against president trump's tax cuts and jobs act saying, quote, the economy did not need a boost. so biden's pick signals that yellen is someone who will carry out husband higher tax tax agenda on high income earners, but it could trickle down to average americans. biden wants to double the top capital gains rate to 40%. that's the highest since president jimmy cart or. that would apply to investments and other holdings when you're ready to cash out on retirement and also assets you may leave to your family, making it more expensive to retire and also more expensive for your kids if you leave property to them. yellen is also in favor of a carbon tax that would hit all americans at the pump. it would make it more expensive to heat your home, and the gas tax is one way to raise tax revenue consistently without

congress. stuart? stuart: hillary, thank you very much, indeed. we have been warned about taxes. got that. now, look at this, a quarter of a billion dollars has already been spent on ads for the georgia senate runoffs. amazing. a quarter billion. $280 million, actually. come on in, paris dennard, rnc senior adviser. all right, paris, which i way is the black vote going to go in these two elections in georgia? >> well, i tell you that georgia's senatorial election is probably the most important thing that's going on right now that we have politically speaking because so much is on the line. you have two democrats that are supporting defunding the police, the green new deal, raising taxes and a government takeover of health care. those respect things that georgianss in the black community are going to support. and while we know the black vote is critically important in all elections, in georgia it's going to be very important.

so we implore every three-thinking black american that's in georgia that -- free-thinking black american that doesn't want a government takeover of the health care system and defunding of police to reject the far-left policies of the democrats running in the senate campaign and support people that have a track record of actually supporting and performing and empowering the back community. and that is our republican senatorial candidates on the right. stuart: if the two republicans in the georgia runoff, the two republican candidates, if they get the same percentage of the black vote as mr. trump got in the general election, they both win. is that accurate? >> that is accurate. and let's just be very clear, only because of georgia's rules and regulations regarding elections makes it so that these two republican senators, kelly

leffler and senator david perdue, are not sitting senators right now. the only reason why they did not get certified as the winner is because they e didn't get 50 plus percent of the vote. but they still won in terms of getting more percentage than their opponents. so when you look at what kelly loeffler was able to do in the past, if you add doug collins' support on to hers and if senator for due performs well again and increases even more, they're going to win. and they're going to win because georgians are going to turn out to vote for these republicans because they know that they have the agenda that is going to make georgians' lives better and not take us in the wrong direction. stuart: all right, paris, i've got to talk to you about this one. the president's raised $170 million since election day. is he running in 2024? you're smiling. now, do you know anything about this? have you heard anything, that

he's running yes or no? >> i haven't heard that the president is running for new election other than the one that he's running in right now. we believe that this election is not over. that's why you've seen so many grassroots supporters across the country donate their funds, their treasure, their money in this season to the republican party to support president trump preponderance because they -- because they want him to keep fighting for the integrity of our elections. so we're focused on the 2020 election, and i don't believe that the president needs to do anything -- stuart: okay. >> -- but stay focused on this one. [laughter] stuart: you, sir, are a diplomat. you should work at the state department. that was a brilliant stood thing. [laughter] paris, we always appreciate when you're on the show. >> thank you, stuart. stuart: got it. remember when alexandria ocasio-cortez tweeted this picture showing her staring down senator joe manchin? well, now he's firing back at

her. lauren, what is he saying? >> senator manchin told "the new york times," and i quote: i never met her, aoc. i'm understanding she's not that active with her bills or in committee. she's more active on twitter than anything else. that is a slam. and it sort of echoes what we heard from speaker pelosi originally when she trued to dismiss -- tried to dismiss aoc and the squad although you can make the argument that ongoing feud really beefed up the clout of the progressive arm. but now senator manchin is the most conservative democrat in the senate, and there was no blue wave. so everyone's got to work with him now. he's going to carry e a lot more power. stuart: he is, indeed. fascinating, isn't it? lauren, thank you very much, indeed. we all know him as the cake boss. buddy valastro. he's a new jersey guy. where, by the way, a full state

lockdown is on the table. what does he think about that? also straight ahead, several members of the u.s. women's soccer team took a knee for our national anthem while on foreign soil. what does tiki barber think about that? i'll ask him because he's on the show. ♪ let's get loud, let's get loud. ♪ ain't nobody gonna tell ya what you gotta do ♪ i felt like... ...i was just fighting an uphill battle in my career. so when i heard about the applied digital skills courses, i'm thinking i can become more marketable. you don't need to be a computer expert to be great at this. these are skills lots of people can learn. i feel hopeful about the future now. ♪

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corvus gold, gold rediscovered. stuart: the rally holds, ladies and gentlemen, on hopes of stimulus soon. the dow's up 300, the nasdaq's up 140, and the s&p is up 47. that, ladies and gentlemen, is a rally. and then there's this, the san francisco 49ers basically homeless. new restrictions on contact sports in santa clara county, that's their home county, means that the 49ers are on the road for the res of the season. look who's here, tiki barber, who i'm told was a former new york giants running back. he's here with us today with that good smile.

tiki, the 49ers are going to have to play away from home the rest of the season. surely that affects their playoff chances, doesn't it? >> of course it does because it affect their routine. not that this year has been anything like the routines they have to be used to. you're a lot of social distance, meetings through zoom, but maybe it's emblematic of the larger problem that's facing the nfl as the spread in the coronavirus starts to puck up in these winter months. the denver broncos had all four of their quarterbacks unavailable because of covid or contact tracing, and so they had to start a free agent, you know, practice squad wide receiver at quarterback, and they got obliterated by the new orleans saints. so the challenges of playing a sport in a global pandemic are starting to really hit the nfl hard. the pittsburgh steelers were supposed to play on thursday, last thursday, thanksgiving. they might play on wednesday, or they might not play at all this week. it gets really difficult with

everything that's going on around the country with sports teams as well as us as individuals. stuart: i'm interested in getting back to normal, getting back to live sporting events with a crowd. i know you've got a media and events company. >> yeah, that's right. stuart: it puts on virtual events. you just bought something called robin. obviously, you're doing extremely well. >> right. stuart: to me, tiki, the question is when do you think you might get back to doing live i vents? give me a time frame. >> yeah, that's a good question, stuart, and one of the reasons that robin was such an important strategic acquisition, we are a live event company. because of the pandemic, we were forced into the virtual side of it. because we're able to do so many more event, it became a profitable endeavor, a profitable pivot for us. so robin allows us to anticipate return of live events. they're one of the leading live event procurement ticket companies in the world, they're

based out of canada, and we believe that come middle of second quarter or the third quarter of 2021, live events will be back. we hope that the vaccine allows that to happen before that point, but, i mean, we're excited to grow. the technology that robin possesses in marketing and acquisition but also data and procurement, it allows us to grow and take advantage of a negative situation that we've turned into an opportunity. stuart: thuzio, i sal shall remember that. -- i shall remember that. [laughter] steady, let's not get carried away here, tiki. aye got something real serious here. i'm sure you've seen this, but members of the u.s. women's soccer team, they wore black lives matter jackets, they knelt for our national anthem before a game that was played in the netherlands. what's your reaction to that? >> you know, at first blush it's a little eye-opening, but when you hear the message that they're trying to say, and i think that's the most important thing, is it's not the action,

it's not how we see or what we interpret it, it's what they say or what they're trying to say, and the message is we're standing or kneeling in this case for injustice not just domestically in the united states, but around the world. and if it's going to create some negative headlines, then so be it. we're creating awareness. so you have to stand with their position and understand what the message is, not necessarily what the optics is. i think that's something that's gotten lost often in the conversation. what are they actually saying, not what they're doing. stuart: and has that been in the nfl, if that was a problem, if it was, are you over that problem? is it a new era in the nfl now? >> well, i think in the nfl the messaging shifted after the george murder. the national -- george floyd murder. the national football league saw exactly what the players starting with col runs cap orer nick were trying to espouse, and ultimately, they changed their

tune. we have gotten over it in the national football league. it's not that big a story as it used to be. stuart: got it. tomorrow i've got on this program in the 11:00 hour, i have tim tebow. can you recommend an opening question? >> the best question for tim tebow is what is steve cohen, the new owner of the new york mets, going to do with his minor league contract. [laughter] is he still going to be playing baseball, that's the question. stuart: thank you. you know, i'm lost on these sports things, but you really make it happen for me. tiki barber, you, sir, are all right. >> as are you too. i look forward to seeing you again. stuart: you got it, man, thanks. the famous carlo's bake shop, 16 locations across north america. the original still in hoboken, new jersey. that state facing another round of lockdowns, the whole state. can the bakery survive? buddy the cake boss joins me

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>> people really love our christmas cakes, but this time of year it's all about the cook keys. we make about 15,000 cookies.

there's cooks, like, everywhere! it's crazy, the amount of ingredients we use christmas week. stuart: well, how about that? you know him from the popular show "the cake boss." buddy valastro joins us now. you're a great guy. i know you're a jersey guy. i think you were born in hoboken, and you've got a store right there on washington street. i happen to know it very, very well. and, look, you're facing a very serious pandemic situation here. what advice do you have for other business owners? what is it? >> well, first off, stuart, i just want to let you know what a big fan i am. i always watch you, and i love your show. i think what you say makes a lot of sense, so -- [laughter] stuart: you've got a great store as well. i'll give you a plug, washington street in hoboken, new jersey.

what's your advice, come on. >> my add views is really you've got to learn to pivot, man. everywhere, whether it's my bakeries or my restaurants that i have, everything is doing 40, 50%. and, you know, at 40, 50%, even with rent reductions you really can't survive. so it's about are you going to be able to pivot, are you going to go with the food service. actually, we just did a deal with tgi friday's where we have our rainbow cake that's being served across america. and it's partnerships like that, that are going to fill in the gaps, but a because you just don't know how long this pandemic is going to last. and the people who don't pivot are really going to, you know, how long can you withstand just getting beat on month after month after month. stuart: sure. >> i mean, las vegas, i'll give you a perfect example, i have a restaurant in the venetian.

two days before thanksgiving we, they said 25% occupancy, they dropped the occupancy rate. we had 600 reservations for thanksgiving. we had to cancel, like, two-thursday of them. how do -- two-thirds of them. how do you survive? did you already why the food -- buy the food? and i don't blame the government officials, i understand what's going on, it's a no-win situation, but how do you come back? stuart: but your pivot was to go to tgi friday's and have a cake that's sold nationally. that was your pivot. well, is that enough to -- i know you've got 13 stores around the country. is that pivot, is that enough to keep you guys going? >> well, we also really did a tremendous amount of e-commerce. last week we shipped out about on monday 14,000 online orders. so, you know, just that alone, you wind up being up week after

week when you look at what you did last year with the stores and then you put in what you did, say, what you sold on fridays and what you sold online, you're actually up for the year. and taking it a step further, what i like to do is this has always been -- again, we all get bogged down in business. you know, you're in the grind, you're in the grind, you're in the grind, and we don't always see these other avenues. we know they're there, i always knew it was big, but we have a factory in jersey city, we make the cakes, we ship 'em, whatever, it's a lot less work than having to make cakes, ship 'em to chicago, then from chicago to get shipped out to california, then to las vegas. there's a lot of logistics and back and forth and things that are not very easy. stuart: buddy, i just want to make time for this because i know you were in a terrible accident. >> yeah. stuart: as i understand it, your hand was impaled on a bowling pin or something like that.

a, how are you feeling now and, b, can you bake again? >> well, to be honest with you, i'm feeling better, you know? it's definitely going to be a long road to recovery. but i'm in the grind of it now. i'm at the bakery now. one hand, left hand, no hand, whatever i gotta do to do what i got that do, i do it. because, again, it's not only me, it's my employees that i have to do this for, it's my family, you know? i have a lot of people on few shoulders -- on my shoulders, so, you know, they need me to pivot and think and be able to move and shake so that we can keep everybody employed. stuart: buddy, i'm going to drop by your bakery on washington street in hoboken, and i'm going to buy a piece of cake from you. it's great to have you on the show. >> always a pleasure, stuart. have a happy holidays, you and your family. stuart: thank you very much, indeed. all right, we've got a couple of minutes left in the show. i'm going to tell you now, the rally holds, but we're shy of

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stuart: look at that, that is zoom down 13%, despite a terrific earnings report. this is an argument on this set between susan and i. i say that zoom is down today because investors are not absolutely sure that their progress will continue in the pandemic ends. susan thinks it is just a case

of profit-taking. susan: profit-taking. 300% sales growth this quarter, last quarter and quarter before that. i that is pretty impressive from a man missed 600% rally in the stock mind you. stuart: that you have three seconds. time is up. we shall continue, shall we? >> yes. stuart: neil, it yours. neil: stuart, thank you very, very much. we're watching a couple of developments. not least of which is runup at corner of wall and broad with the dow industrials up 240 points. we're picking up where we left off the month of november, even with questioned's selloff. we're recouping a lot of ground there. following developments for the s&p and nasdaq. they were in and out of all-time highs. so we'll keep an eye on that, what is motivating a lot of investors. also looking at california this hour. there is a backlash right now going on in the state over these covid restrictions and it is picking up considerable steam. also in georgia where they're probing a l