we want your videos. email us at varney viewers, no, varneyviewers@foxbusiness.com. i have a new pair of eyes. very difficult to see the prompter. susan: american capitalism and american innovation is what we highlight with doordash and airbnb. stuart: indeed. stuart, it is yours. neil: we'll have our own "friday feedback" here. i reviewed emails that have been submitted. i can't put them on the air. i hope you have better luck. stuart: i can. neil: i will steal some of yours. see what happens. thank you, my friend, very, very much. we're looking at a couple of developments as stuart is as well, the airbnb debut. it will be a rocket like doordash was. the debate over whether these things are excessive or the last dash. no pun intended on doordash, to hit a home run. see what i did? basic cable.

what are you whining about? we're following that, following the fda, the advisory committee could as soon as today approve that pfizer vaccine. there is an under current of concern why this is taking so long. the fda says they want to do things by the book, make sure they don't rush something but we would be now technically the fourth country, even though this is an american concern to approve this vaccine. really depends how you look at it. let's get an update how this process is going. it will go on all day, where they look at the data, look at progress other countries reported. david spunt in washington with more on this. hey, david. reporter: neil, good afternoon to you. this is a big day if this is approved for emergency use authorization, no question, this will be written in the history books what is going on in this building behind me. now we're talking about a vaccine developed in a year, actually under a year. the fda under the strictest

safety guide lines. listen more from the meeting. >> the american public demands and deserves, a rigorous, comprehensive, independent review of the data. reporter: when the advisory committee votes today a little bit later if it passes then they will send the recommendation neil to the full fda career employees. they're the true experts in the vaccine development. those are folks who would give a thumbs up, thumbs down to the emergency use authorization. if and when the fda grants the authorization, we'll grant the vaccine. the pfizer biontech vaccine will ship to hospitals, nursing homes. we may see sleeves rolled up, injections hours after approved. this is the same sack seen. other countries already distributing it. officials here in the united states, including the secretary of health and human services teasing that will be approved and dr. anthony fauci, a leader in the vaccine development phase, we could see vaccinations begin as soon as tomorrow.

listen. >> the united states food and drug administration says that a vaccine is safe and effective, i can promise you i will take that vaccine myself and i will recommend that my family does that. reporter: this week is pfizer biontech. next week is the moderna vaccine. there may be other companies down the line. this is important to mention, once somebody gets an initial shot of the vaccine, okay, i can take off my mask, we're vaccinated. it is about a month later, pfizer moderna require two separate shots a month apart. it is important after you're vaccinated to keep the mask on. officials are looking for herd immunity, looking to 75, 80% of the population before they feel comfortable with that. certainly a big day. neil? neil: thanks for clarifying all of that. david spunt following on all the fda muses.

david said when you look at figures we're getting out of cvs, when they launch, they can get up to 50 million vaccines a month or so they hope. that is really 25 million individuals who would be affected. these are double dose vaccines. you take one and take one further down the road. we have dr. gupta, pain anesthesiologist physician, johns hopkins university of medicine. great to have you back. doctor, you and i have gotten into this, is there a reason why the fda takes longer? you said something to the effect you want to make sure you get it right, presumably either today or tomorrow they hope to get it right and approve this do you think that timetable still holds? >> yes. yes, the role of the fda process is to do no harm. we have to applaud the incredible work that's done by the public health officials, the

scientists around the world and at the fda. they're doing the incredible work that's done in this incredible year we've been at to address this unforeseen crisis. so we only have to applaud the work that's been done in the short time frame to get the race to the vaccine to the people here in the united states. so i think that is an important message that we have to get out but the work that we're going to hear today will be historic. if we do indeed get this emergency use they arization out and when we do when we do, you heard from dr. fauci it is important to combine the vaccine with prevention. combine with a comprehensive prevention strategy we will be able to address this pandemic effectively in 2021. neil: the question is the more people that take the vaccine the more i guess you build up the herd immunity or potentially but

a lot of people are wondering how long all of that takes? i mean the process is quite involved. the two doses, i get that and all. what is your sense, i know i'm taking a leap here, doctor, when the tide turns on this whole thing? we've seen a spike in cases. just yesterday more deaths, record number of deaths from the virus in the united states than we had, for example, on 9/11. what is your sense how you guide people through when there are suddenly starts getting better? >> right. it will take time, it will take time. we have to build trust f we get the approval today, within 24 hours we'll begin to see the roll out. we are positioned to distribute. that's the message that is already being put out throughout the company, throughout the u.s. government and the states there is positioning already occurring. the plan is beginning to roll out. we're seeing that in the states

across different states and the policies are in place but what is important to remember that people need to understand the importants of taking a vaccination. the vaccination, once it is in place with our health care workers, with the front line individuals, then the people that are at risk, then we'll begin to get that herd immunity. once we have that in the next few months we can begin to address this pandemic. i believe that you know, within the first few months, if not sooner in 2021 we'll be able to get the pandemic under control combined with prevention we'll be able to address this. neil: all right, from your mouth to the world's ears, doctor, thank you very, very much. we'll monitor closely. for those waiting to see if and when the fda will write off on this, expected could come as soon as today, could come tomorrow. the moderna issue they take up next week. likely means by next week at this time we could have two active vaccines ready, available

in the united states. millions of doses that could start shipping out. they ship them to all 50 states. governors decide how they want to allocate them. some of the guidelines remain the same. health care workers, vulnerable population, particularly the elderly, those with extenuating physical conditions warrant getting treatment first. we're keeping an eye on that. the promise, optimism for that. the other development, the promise and the optimism around airbnb's launch today. something i want to get in with our market experts here. that could be just moments away, the trading in airbnb. let me give you an idea, this was priced at $68 a share. now remember earlier on i could distinctly recall when they were talking in the 40s but it is expected to come out the gate, closer to 154, 155 bucks a share, which would on paper at least give the company a market valuation in the neighborhood of

95 to $100 billion. not bad for a place that its ticket to fame was finding a cheaper alternative for use to crash staying at a hotel or have you. the valuation at the 68-dollar a share launch was 47 billion. if it maintains the pace, comes out the gate, 154, 155, you will be eye-popping stratospheric levels. let's get the read on all of this with carol roth, former investment banker. we have jack mcintyre as well, brandywine global portfolio manager. carol, you always want to see the pent-up appetite for new offerings. i get that. i start worrying, saying are you telling me this concern founded what, a little more than a decade ago is going to be worth $100 billion? i start getting worried. should i? >> i think it's crazy. i mean this is somewhere around

the 435th ipo this year. at the same point last year we were like 225. almost double the amount of ipos in a year where you've got half of the economy that is completely struggling. you've got small businesses closing. it just goes to show the disconnect between wall street and main street. a couple weeks ago -- team out with a report said if the fed had not intervened at the levels that it had, that it expected that the s&p and the nasdaq would be probably around half the levels that they're at now. so we have this artificial intervention that has been propping up all kinds of asset prices, including equity. now you have got these companies, whether it be doordash, whether it be airbnb, in some cases you're making very little or no earnings, trading at these ridiculous multiples, it reminds me a lot of that

first dot-com bubble back when i was an investment banker and you know, it is just insane to have that type of demand that you tried to price this to perfection. get like 15, 20% pop in the ipo. you're projecting now this will more than double on the open. neil: you know, it is interesting, jack mcintyre, what is behind the rush. as carol pointed out, this is, not only just dollarwise stunning but the number of players that is running close to triple what we had in the 1990s. now of course many of those to carol's point never amounted much to afterwards. some did, some thrived. amazon, for example, ebay, for example. if you look at the offerings right now, what is your guess as to who is going to be around, forget about next year at this time, a few years from now? >> yeah. oak, neil, it's tough question. but it does remind me a little bit of this concept of zombie

companies because it is so easy for companies to get access to capital. these are not necessarily great companies but until that changes, again i don't know when it is going to change. these companies will be around longer than we anticipate. and i get it. if i could go public, i would go public now. you have a very inflated currency, your stock price, in this environment of, concept, no alternatives, fomo, fear of missing out. there is a lot of reasons why equity prices are at the levels. maybe we go higher in the short run. there i will was day of reckoning at some point. neil: when i look at this, the backdrop in economic data, surprising surge in unemployment claims that worred a the lot of folks that 153 americans the trend by and large, don't want to politicize it, it has been favorable, but there is a disconnect with what is happening on the street. i'm wondering if these offerings

have anything to do with the incoming administration and a lot of people saying all right, i will launch now while the getting is good? this is an environment where the taxes are lower. regulations are lower. they will be, you know, once joe biden takes over, if he was able to get things through a republican senate, if that is it what we end up with, what do you make of that? >> this is a dirty secret on wall street, when you expect the tide to turn, you call your clients, you say, get public now, if you're a private equity firm, venture capital firm that backed these companies, get out now. if you're thinking about selling your business, get out now. i don't think that is a coincidence why we're seeing so many of these companies go public. certainly not all of them. as i said, 435 companies, there are solid companies. certainly some of these big companies that you heard for so long, don't go public, stay private, it's a fantastic thing, this is a potential wealth

transfer. when the market eventually does go down because it always done, there are cycles, these folks will have gotten out, to have their cash, everybody else will be left holding the bag. neil: you know, jack, i forget where i read it, so forgive me, the data is a little suspect here, i think of something to the effect even with all the ipo offerings, the pool of available stock for investors has been steadily shrinking over the years, between company buybacks and the like, the actual number of available shares is down. so you could make the argument, supply is down, demand is strong. this will continue to keep the markets firing. do you buy that? >> i don't. i think that was yesterday's story. i think it is changing where you're starting to see more supply terms of equity issuance. doesn't mean equities will pom

today or tomorrow but something to keep in mind. marry that to the euphoria out there and it is, i'm not going to try to pick a top in equities but yeah, there is discounted a lot of good news. hey, what i would look for a barometer of that, would be if we get the stimulus package passed here, equities don't rally on that, that might be a sign of hey, all the good news is already being discounted. neil: all right. guys, thank you all very, very much. we'll be waiting on, taking a look at the latest offer from airbnb. looking at it in the context as both our guests was saying a record year for offerings. i'm a big fan of our senior editor, stocks editor, charlie brady. he puts together something kind ever hard for to you see, again, nancy, i don't know if you can take a good look at that. it is just a lot of gobbledygook. no offense to charlie he lives in this world and he breathes

it. this is list of all the ipos, most not all, but most have stagger debut but invariably sell off. what is encouraging what we've seen thus far this year, very few sold off by any significant amount. of course this is this year. tough look at it in the context of future years. but even in the case of doordash slipping a little bit today, a little bit more than 6% from yesterday's stratveer rick launch it is a reminder for the time-being this year, it could be a sense ever investors thinking it continues with very, very few exceptions it does, this year. but what we learned in 1999 at the height of the stock market internet boom is it ended up being short-lived. by 2000 the nasdaq was already losing steam, already, but people didn't see it until it was too late. that was then. the new bulls today say, no, this is now.

stay with us. ♪ ♪

(teen) mom... it happened again. (vo) add some thrill to your wish list. at the season of audi sales event. less sick days! cold coming on? zicam® is clinically proven to shorten colds! highly recommend it! zifans love zicam's unique zinc formula. it shortens colds! zicam zinc that cold! ...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. ♪

in a on the most reliable, pnetwork with xfinity mobile. i feel hopeful about the future now. they can choose from the latest phones or bring their own. and because they get nationwide 5g at no extra cost, they live happily ever after. again, again. your wireless. your rules. your way to stay closer together this holiday season. switch and save up to $400 a year on your wireless bill. and get $300 off when you buy the samsung galaxy note20 ultra 5g. learn more at xfinitymobile.com.

♪. neil: take a look at what's happening right now with waiting again on the approval process of the fda for this pfizer drug. if as expected the fda writes off on this later today we would be the fourth country to do that and that might strike you a bit of a surprise being american company by and large came up with it, it is what it is. bahrain came out yesterday and canada and u.s. expected later today. the update on the fda hearing and where things are going. garrett tenney. reporter: neil, i can talk to you about the businesses that have been affected, waiting desperately for this vaccine to come through because since the pandemic began nationwide nearly 100,000 businesses have closed for good and that is just through the end of august according to yelp.

so since the latest lockdown when restrictions went into effect thousands more likely closed up since then and a whole lot of others are on the brink including this store behind us. 10,000 villages sells handcrafted items across the globe. even with a online presence the store relies heavily on foot traffic for customers to see and feel unique pieces before they make a purchase. business this year is down 50%. the owner says if they don't get help soon they will be forced to shut down. >> all retailers, the fourth quarter of the year when they make it. we completely lost the fourth quarter this year because of the pandemic. cove vivid made it too easy for shoppers to buy on amazon. what happens when they buy on amazon, we lose sales, all of our neighbors up and down the street lose sales. reporter: nationwide small business revenue has decreased by 33% since january according to harvard opportunity insights economic tracker. restaurants and hospitality

sectors have been it had the hardest followed by retail. all of the business owners we've spoken to over the past several months will tell you health and safety is the most important thing and they're happy to do their part but industry groups say the government needs to do more to help businesses survive. >> if we're going to make the sacrifice, the appropriate sacrifice to in in regards to closures and restrictions on hours and crowd size, et cetera, then, you know, government help us. you know, we're a vital part of the community. help us to survive this. reporter: industry experts tell me with holiday spending most businesses will be able to make it through this month but in the early months of next year we could see a whole other wave of businesses being forced to shut down if the government doesn't step in with some kind of aid because even if this vaccine gets approved, we know it will be until late spring, early summer before we start to see an impact from there.

none of this can happen soon enough for these businesses to stay open, neil. neil: garrett, for a lot of the them will be forced to all but shut down or limit capacity through the holidays, that's a business killer in and of itself, right? they might not survive that few weeks itself. reporter: this holiday season for a majority of businesses where they make the bulk of their profits allow them to stay open the rest of the year to operate, especially with small businesses. stores like this while they have an online presence, a lot of them just introduced within the last few months, it is still not quite up there. people are not used to shopping this. even with that, they are going to be struggling nowhere close to what they would normally see during the holiday season. neil: all right. garrett, thank you very much. all the more reason why some of these businesses too are locked in on that fda hearing going on now to decide the fate of the vaccine by pfizer. get it out there fast but might be a little too late for some small businesses already forced to permanently closed.

about 15% of them across the country. alfredo ortiz with the job creators network. he is the president and ceo. alfredo, good to have you back with us. >> thank you, neil. neil: i suspect that number is actually higher but what's going on? >> neil, i have to tell you i hope this broadcast has a broadcast to delay on it, i am mad as heck, i may slip and say a bad word or two. i'm so upset what is going on in d.c. in terms of the lack of help, extended to our small businesses. your lead-in here was perfect. it is so true. i'm hearing this every single day, my texts, phone calls. these small businesses have run out of money, neil. they never expected they would have to make it this far. 51 million jobs were saved with five million loans made as part of the paycheck protection program in the spring. that money is gone, neil. we need an infusion of cash, to get up small businesses up to

roughly about may, roughly 100 million people inoculated, vaccinated, hopefully have the herd immunity but between now and may i mean you heard the numbers. 100,000 by the end of august. in new jersey, new york, neil, you see it yourself there walking around, a third of the businesses are basically shut down now. i mean these are real numbers and these are real tragedies and real stories. you know i saw aoc tweet out for example, that we have to help black small businesses. yes, we absolutely have to do that but we have to help the asians and latino small businesses and female small businesses and republican small businesses and independent and democratic small businesses. 30 million small businesses, neil, right now are suffering, that employ 60 million people in this country and d.c. is playing the old political games. they have got to stop and get things done. neil: no, i'm glad you said that. you kept your language in check, alfredo, because one of the

things i have seen amazes me, all this unspent money. hundreds of billions of dollars of unspent funds. there was a bit of a wrangle between the federal reserve and treasury when to reallocate these monies i wonder, how does that happen? these guys desperately need it. it is like sitting in a vault and they can't touch it. how the hell does that happen? neil, you're absolutely right. out of that 900 billion, roughly bipartisan bill being discussed, about 2/3 of that is already preappropriated money. 150 from the billion, and another 250, 300 from the federal reserve money. we're literally talking about 350 to 380 billion of quote, unquote, new money. that is not little but relative to the trillions of dollars that were being discussed with nancy pelosi, let's get something done. mitch mcconnell already said i will put the liability protection on the table and push that off to something else if you put some of the state aid.

by the way, the 908 billion does have state aid already in there. it covers roughly losses under covid. not ridiculous apartments nancy was looking at but overall this is a good bill. it's a great starting point. this is typical d.c., neil, so frustrating for me. neil: by the way to your point it is better than nothing, right? >> right. neil: you can argue do they really need to spend this, they forgot about the liability but it is better than nothing. we'll see what happens, alfredo. thank you for arguing passionately as you do for your folks. you represent them well. i'm sure they appreciate that. >> thank you, neil. neil: to alfredo's point here. neil: thank you, my friend. $300 billion allocated for small business in the latest package. there are a variety of them. it will be confusing. i've been doing a series of lists one after the other. it is nothing about it way like charlie brady's list with ipos and all of that. but i have my own list. it goes something like this.

he had this typed up. this is how i keep track what i'm doing. i can't read a prompter. so i have to rely on handwritten notes that sometimes make me look like i have the mind of a serial killer, what i can tell you, what i can tell you from making these lists, we have at least three different plans available to help businesses out. under the worst of them it will be $100 billion. hence this argument that republicans, democrats, the ones that want to talk to each other, well it beats them getting zilch, beats them getting nothing. they're right about that but if they do get nothing they're beaten, they're done, they're finished. we'll have more after this. your journey requires liberty mutual.

they customize your car insurance so you only pay for what you need. wow. that will save me lots of money. this game's boring. only pay for what you need. liberty. liberty. liberty. liberty. with new flavors. new traditions. and low prices from walmart. let's end the year united. ♪ leand now with q4 wrapping up, the north pole has to be feeling the heat. it's okay santa, let's workflow it. workflow it...? -uh-huh. just picture it... with the now platform,

we'll have the company you always imagined. efficient, productive, seamless. ok, i'm in. whatever your business is facing... let's workflow it. servicenow.

♪. neil: real quickly, bit by bit you're looking at doordash right now. i will get to that with charlie brady. airbnb keeps inching of up offering price. it was priced at 68 bucks a share. the first trade could have it opening $156 a share. it had been 153, 154, suffice it to say at 68-dollar price it was 400 billion-dollar company. i have taken liberty taking off my shoes and socks and using my toes, that would mean coming out the gate, a market cap in the vicinity of $100 billion. that is more than the gdp of a lot of countries. having said that, that could come any moment. when it begins trading we'll pass it along.

meantime charlie gasparino takes a look at the big one from yesterday, that is doordash, which knocked the door off of all estimates and demand giving back a little bit of that, but, charlie, breathing this in and looking at it, it is a lofty price. what do you make of all of this? >> expected it would come down a little bit, people flip the stock, sell it, insiders get it at the ipo price and flip it as it is going up in price. that happens after every ipo. i think the bigger thing, neil, big debate we're having now, our investors and audience should be having, whether these companies have great products that justify this valuation, whether this is a bubble. whether the fact that we have very, very low interest rates has push, is pushing people way out on the risk spectrum where a company like doordash that doesn't have, i don't think it has profits, right? it is not profitable, companies like that, are selling for

massive valuations. it's a tough debate, but it is clearly the fact that you have record low interest rates, there is somewhat of a speculative frenzy around this. now the difference between these companies, air bnb, doordash and real frothy companies during the 1990s tech boom, these actually have decent businesses. doordash is a decent business. by the way they're probably migrate away from the sort of core business to other businesses. they will be in data collection. they will probably deliver other stuff along the lines of what amazon did. remember, these are smarter players this is not pets.com of the late 1990s. you can say the same thing with airbnb. it is slowing down because of the pandemic but it will pick up again. it's a great business. i did an airbnb, my wife and i

in a little town in italy which is amazing. if you can do that sort of travel. it was cheap, it was clean, it was efficient, that was a good product. those are two good things between then and now. you try to interrupt me? neil: while i've got you, buddy, i want to get an update on andrew yang apparently toying with the requested of running for new york city mayor, right? >> listen, there are three outsiders wall street in particular really wants to become the next mayor. big banks and real estate firms are worried about the future of the city under this current administration and status quo politicians that could replace bill de blasio. one is ray maguire, citigroup executive, smart guy. been around long street. walter donovan, a housing official under obama and bloomberg. the third is andrew yang. my producer lydia moynihan broke

last night that he is arranging a campaign staff. people tell us he turned down, we have not confirmed, but what our sources say he turned down a position in the biden administration to run for mayor likely so that is what lydia reported last night. all thee would be welcome news to the business class in the city. they are all progressives but all business-friendly progressives. the problem this city has entrenched political class run by municipal unions. it will be hard for any to do that. mike bloomberg was able to do it. rudy giuliani was able to do it but if you look how they did it, they did it after years of planning and good pr and getting out there and getting their names. in bloomberg's case spreading a ton of money. these guys really didn't do that. they're just kind of, i think it is going to be very hard for any one of those three to win but i

can tell you the business class is behind all three of them. neil, back to you. neil: thank you, my friend, very, very much. meantime states are girding themselves for the massive deficits they are facing. they have to find a way to get their books in balance and a popular way they are considering it, not necessarily to cut spending but certainly raise taxes depending how they do it. kristina partsinevelos following that in new york. hey, kristina. reporter: neil, you're exactly right. you have states across the country facing massive budget shortfalls. of course politicians now need to get creative and the most notable answer especially here in new york like you mentioned is an increase in taxes. what i mean by that is you had new york governor andrew cuomo ask the federal government for roughly $15 billion in aid to help cover a projected short fall of $8.7 billion. he warned if they don't get the federal aid they may have to go

ahead reducing spending, increase public employee layoffs, most notably an increase in taxes. watch. >> we'll have to raise taxes. i believe we'll have to raise taxes at the end of the day in any event but the question is, how much in taxes. balancing this budget is going to be detrimental to the state, the city and every family in this state. reporter: the tax auditing review is -- tax, potentially could be launched in january. this tax would hit wealthy secondary homeowners if they have a second home here in new york. opponents say it will drive the wealthy out of the city. that is not all, neil. you have assembly democrats looking to legalizing online sports betting as well. you had the governor very recently just three weeks ago saying the state is ripe to legalize recreational marijuana.

they would charge a tax on selling pot as well as charge for those licenses to grow marijuana. so across the country you have hawaii's short fall 1.4 billion. california, 26 billion-dollar windfall. politicians are looking to fill the hole and it could come with tax payer money. back to you. neil: wow!, thank you very much kristina partsinevelos, following the taxman who will be coming very soon, probably in the new year, very soon as well. meantime hunter biden investigation into the taxes in delaware what is going on here? it was stuff that happened in 2018 long before the hunter biden political stuff came up. what are they looking at what business dealings are they examining, what impact will it be on his father, five weeks away from becoming the next president of the united states? s

or what's trending. get real-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions. fidelity. metastatic breast cancer is relentless, but i'm relentless too. because every day matters. and having more of them is possible with verzenio, the only one of its kind proven to help you live significantly longer when taken with fulvestrant, regardless of menopausal status. and it's the only one of its kind you can take every day. verzenio + fulvestrant is approved for women with hr+, her2- metastatic breast cancer whose disease has progressed after hormonal treatment. diarrhea is common, may be severe, or cause dehydration or infection. at first sign of diarrhea, call your doctor, start an anti-diarrheal, and drink fluids. before taking verzenio, tell your doctor if you have fever, chills, or other signs of infection. verzenio may cause low white blood cell counts, which may cause serious infection

that can lead to death. life-threatening inflammation of the lungs can occur. talk to your doctor if you have new or worsening trouble breathing, cough, or chest pain. serious liver problems can happen. symptoms include tiredness, appetite loss, stomach pain, and bleeding or bruising. blood clots that can lead to death have occurred. tell your doctor if you have pain or swelling in your arms or legs, shortness of breath, chest pain and rapid breathing or heart rate, or if you are pregnant or nursing. every day matters. and i want more of them. ask your doctor about everyday verzenio.

some things are good to know. like where to find the cheapest gas in town and which supermarket gives you the most bang for your buck. something else that's good to know? if you have medicare and medicaid you may be able to get more healthcare benefits through a humana medicare advantage plan. call the number on your screen now and speak to a licensed humana sales agent to see if you qualify. learn about plans that could give you more healthcare benefits than you have today. depending on the plan you choose, you could have your doctor, hospital and prescription drug coverage in one convenient plan. from humana, a company with nearly 60 years of experience in the healthcare industry. you'll have lots of doctors and specialists to choose from. and, if you have medicare and medicaid, a humana plan may give you other important benefits. depending on where you live, they could include dental, vision and hearing coverage. you may also

get rides to plan-approved locations; home delivered meals after an in-patient hospital stay; a monthly allowance for purchasing healthy food and beverages; plus an allowance for health and wellness items. everything from over the counter medications and vitamins, to first aid items and personal care products. best of all, if you have medicare and medicaid, you may qualify for multiple opportunities throughout the year to enroll. so if you want more from medicare, call the number on your screen now to speak with a licensed humana sales agent. learn about humana plans that could give you more healthcare benefits. including coverage for prescription drugs, dental care, eye exams and glasses, hearing aids and more. a licensed humana sales agent will walk you through your options, answer any questions you have and, if you're eligible, help you enroll over the phone. call today and we'll also send this free guide. humana, a more human way to healthcare.

♪. neil: well hunter biden himself confirmed it, antitrust issues, lawyers are looking into his taxes, this goes back to 2018 and before when all of this again percolating but the issue is if it starts in delaware is it a justice department full sweep of his tax plans what he was doing and his businesses in places likes china and ukraine? there is so much we don't know. hillary vaughn with the president-elect and how all of this is sorting out still very early but what are you hearing? reporter: neil we dug into the senate report that investigated hunter biden's overseas business deals and found a paper trail of suspicious activity the senate report says comes to one conclusion, hunter biden had business relationships with chinese nationals linked to the communist government and peoples liberation army and those

connections turned out millions of dollars in cash flow. we don't know if any of these transactions are part of the investigation underway today but we do have an idea of what hunter biden was up to in the final days leading up to the grand jury probe. the money trail follows hunter biden's business relationship with two men and one chinese energy company, cefc. its founder ming and his business associate, those connections, those two people both have connections to the chinese communist government according to the senate report. this is who hunter was doing business with a year before the investigation into his finances began. in september of 2017 hunter opened a line of credit with yah's right-hand man under the business name of hudson west three. credit was given to hunter biden and james biden and his wife sarah, they used credit cards to

buy apple products the credit card was flagged through this report as possible criminal activity. next from all 2017 to september 2008 that same business, hudson west iii sent payments to hunter biden's law firm totaling 4.7 million in one year. over the same time frame hunter biden's law firm sent 20 wire transfers totaling 1.3 million to joe biden's brother james consulting firm, transactions were flagged for criminal activity. joe biden said he found out two days ago that this two year long investigation even existed. he is confident this investigation will vindicate him. he is under investigation. president-elect joe biden is not. when asked many times if he had any knowledge knowledge or involvement in his son's overseas business dealings he repeatedly denied it including when i asked him last fall.

neil? neil: all right. hillary, thank you very, very much. we'll update you as well on stimulus where that stands right now. there are a number of competing proposals, the top republican congressman involved in the middle of all this what could win out if any after this. ♪ one of the worst things about a cold sore

is how it can make you feel. but, when used at the first sign, abreva can get you back to being you in just 2 and a half days. be kinder to yourself and tougher on your cold sores.

that's it. i'm calling kohler about their walk-in bath. [ sigh ] not gonna happen. my name is ken. how may i help you? hi, i'm calling about kohler's walk-in bath. excellent! happy to help. huh? hold one moment please... [ finger snaps ] hmm. ♪ the kohler walk-in bath features an extra-wide opening

and a low step-in at three inches, which is 25 to 60% lower than some leading competitors. the bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. kohler is an expert in bathing, so you can count on a deep soaking experience. are you seeing this? the kohler walk-in bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassage. everything is installed in as little as a day by a kohler-certified installer. and it's made by kohler- america's leading plumbing brand. we need this bath. yes. yes you do. a kohler walk-in bath provides 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. your journey requires greeliberty mutual. they customize your car insurance so you only pay for what you need. liberty power! wow. that will save me lots of money. you're insured!

this game's boring. -let's get tacos. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ ♪. neil: all right. we're still waiting for the launch airbnb. by the way my buddy liz claman is going to have the airbnb ceo brian chesky on her show at 3:00 p.m. eastern. that's a huge get. that is a very wealthy guy by the end of the day a multibillionaire. don't you hate it when these young guys get multibillionaires like that? liz will waiting as i'm sure he will be for the launch of airbnb and its ipo. we're meantime waiting for the launch of stimulus. that is sort of like "waiting for gadot" here. close but so far no deal. congressman dan meuser joins us. he is with the problem-solvers

caucus. here is this group. here is a concept where republicans and democrats try to come up to solve problems and work in unison, which is what you would assumed a adults would do but it's a rarity. the congressman from pennsylvania with us right now. congressman, so good to have you. thank you for taking the time. first of all how do things look on stimulus in your eyes? >> i appreciate it, neil. actually things look good. we are, there are as you mentioned a couple of competing proposals. but we're very favorable, i am, to both problem solvers initiative as well as something that steve mnuchin and others come up with that has some differences. the big difference between the problem solvers and the called the white house proposal is there is 300-dollar for unemployment in problem solvers biffle but the mnuchin bill has no unemployment supplement t has

extended unemployment $40 billion more, but has a 600-dollar stimulus check to all to all citizens just as previous stimulus checks. they're both good bills. neil: mitch mcconnell in the senate gave up his push for liability protection for businesses all of that. it was not greeted by any concessions by nancy pelosi. i might be reading this wrong, congressman, it makes me wonder if this will ever materialize? >> liability protection needs to be in there. they may do it over a temporary period. my understanding for a six-month period, let's say through the remainder of the covid crisis but it needs to be in there. they were talking about offsetting or americaing a deal where there wouldn't be liability protection but there wouldn't be state funding. that is kind of silly, frankly. we need to get this done. you know a lot of us are very,

very deeply concerned and disturbed at the fact that speaker pelosi cops out and states how now we're going to do it because we're going to have a different president in her view. that is pretty outrageous. the american people need to understand that that has been postponed or any sort of deal or any sort of bill to help the people, the people in my district, the people in pennsylvania has been put off post the election. that is seriously bad to say the least. neil: all right. you kept your language in check, congressman. thank you very much. you're quite right. to the congressman's point, nancy pelosi had an offer the administration was willing to consider, $2 trillion. we're under a trillion dollars. would have, should have have, could have. more after this

hi, this is margaret your dell technologies advisor there's an art to listening. it's the ability to hear more than what's being said. to understand the meaning in every pause. and to be able to offer the answers that make someone feel truly heard. i understand, let's get started. that's what you get when you talk to a dell technologies advisor. now every bath fitter bathbath fis installed quickly, that's what you get safely, and beautifully, with a lifetime warranty. go from old to new. from worn to wow. the beautiful bath you've always wanted, done right,

installed by one expert technician, all in one day. we've been creating moments like these for 35 years, and we're here to help you get started. book your free virtual or in-home design consultation today. ..

♪ ♪ ♪ neil: boy, if you own a piece of this one, you are in the right place to be, as is airbnb planning a launch today, could be just many minutes away. it wasç priced originally at $. i shouldn't say originally, because before that they were entertaining prices in the $40 range, and then they took a peek at what was going on with the whole excitement around doordash, upped it considerably.

could come it to $165, 166 a share, who knows? bottom line what was supposed to be $68 a share could be more like $100. how long that lasts, anyone's guess. we'll get into that. first to squawk key deangelis -- jackie deangelis who is following this quite closely. >> reporter: good afternoon, or neil. well, to your question there, what i know know is you and i are in the wrong business especially when i look at an ipo like this, wow. it looks like the stock is going to open over $156, as you mentioned, priced atç $68. trading on the nasdaq, ticker abb. looks like valuation is going to be more than twice the original, and airbnb is a special story because it's a unicorn in us own way. it totally disrupted the hotel and travel industry to an, tent just the way uber did with taxis. unlike uber, this is a company

that saw profitability in 2017, in 2018, and it's actually back from its pandemic lows and showing profits in the third quarter too. like the rest of the travel industry, air b if nb was initially hit hard by the pandemic. it spent a lot of money over the last five years, actually between 2015-2019 it saw costs multiply by five. it had to cut a quarter of its staff because of corona, and it had to cut expenses as well, but it was nimble, andç it managedo do that. it's so interesting because as people started the move around again post-pandemic, this is where it changed the game. you didn't want to fly and stay in hotels. people wanted to drive to a destination, they wanted to know they could clean up their space and be she sequestered as if they were in their own home. really interesting because around the summertime more than 50% of the compare's reservations were stays within 300 miles of the renter's origin place. brian chess key, ceo with, as you mentioned, he will be on

with liz claman at 3:00ed today. a preview sound bite here. >> people started wanting to travel nearby and staying in homes. and if because of that, our business started rerecovering, and it started coming back. and and at that point we decided, you know what? you know, we're not, you know, we're not out of theç woods he, but, you know, we feel confident enough that this is the right time. >> reporter: all right, now the question with, neil, of course, is will this last, has human behavior changed so much because of the pandemic that it won't go back to the way it was. investors ors seem to new so, or at least they're hopeful. neil: all right. jackie, thank you very much for that. just can't believe that, looking forward to hearing from him on the show at 3 p.m. eastern time, just a couple hours from now. by that time this guy could be a multibillionaire at least on paper. we'll be watching very, very closely. to liz peek, fox news contribute

orer, erin gibbs, gibbs wealth management. earp, begin with you -- earp, begin with you on a lot of these people look at these val auations, i'm old enough to remember theç dot.com era, and i'm wondering whether you think some of the signs are similar here or that, to use an old market adage, it's different this time? what do you think? [laughter] >> it's always different. we've talked a lot about the valuations of the market, and certainly some parts of the market do look we precipitously high. a little scary when you look at the valuations. but then you have the other half of the market that has been so undervalued for over three years, it is just starting to catch up. potential for growth. now, a lot of the valuations are really high and we're talking about -- [audio difficulty] because we're expecting this massive rebound, this massive

pent-up demand coming in 2021. the market has skipped ahead about six months, and so that's part ofç it, is that there is definitely a euphoria about what was going to happen for the second half of the year. so it's a difficult call to say, are we really going to get out of this pandemic and return back to normal, all the pent-up demand comes back, is that a really justifiable, or is this going to be a much longer term, really long recovery ahead for the u.s. economy. neil: you know, liz, when i look back at the dot.com boom, there were survivors there. a lot of these, pets.com, others, it didn't make a lot of sense then, obviously in the retrospect makes no sense. but there were survivors, amazon and ebay and the so-calledded category killers. now, airbnb in the, you know, homeç arena, rental arena and l

that as a vacation standout seems to be a leaderrer there just as doordash seems to be a leader in the food delivery arena. and i know the doordash ceo was fond of saying, you know, amazon led in the e-commerce arena, still does today, and he was applying those same standards in each one of these hot sectors, there will be the key players. doordash yesterday, airbnb today. do you buy that? >> i think in any industry at any time if you have a unique product, a unique approach and you are really changing the way people operate their lives, neil, that's worth an enormous amount of money. and i think both of these companies can argue that that's the case. certainly, airbnb reallyç has disrupted travel. young people don't even think about booking hotels anymore, they immediately go to airbnb to see what they can do.

i think there are a couple of other things that distinguish today from the dot.com boom. one is we never -- we should never forget low interest rate. where interest rates are right now, this is sort of the suggest issue about today's market valuations that different really get talked about enough. i know you're focused on tech, but just in general in terms of valuations, today's near 0% interest rates are really incredibly essential. and i think if you go back to the dot.com era, you and i both remember that there were companies that not only weren't making money that were selling for a gazillion dollars, they never had any prayer of making money. i mean, i remember delivery thinsç where, you know, you could call up in the muddle of the night and say i need a new printer for my computer, and somehow some guy would find one and bring it with chocolate9 chip cookies to your door. we all knew that didn't make

sense at the time, and they were never going to survive. i do people are more realistic about companies that actually have something to offer. neil: yeah. it could be, too, that low interest rate environment. of course, it's hard to find an alternative then, right? i mean, if you're getting very little bang for your buck, you try on some of these issues. how much do you think, erin, looking at this is built on a timetable that has a new administration coming in promising higher taxes, more regulations, more investment-related fees and what have you? i know that really depends on a senate, you know, move to theç democrats that might happen with the runoff election in both these races in georgia, but how much of this is the being driven by folks sampling the water right now before joe biden comes in debuting on the street? >> you know, i think very little. i don't think that they're going to be able to see that they're going to be able to -- out of

these ipos. we're talking about these huge valuations when it comes to ipos. you have this type of euphoria and these types of valuations well before the pandemic. something that really captures these boomers, something that everybody is familiar with, those are the ipos that just go off the charts. and, you know, we also saw that when tesla came out. and some of theseç companies lt and some of them don't. barriers to entry, strong management to begin with, and so you really have to separate what excites you personally versus what's a good business model. so i don't see the taxes coming in, they need to get in now because, ultimately, they're going to get hit with capital gains, if these plans go through, they're going to get hit later. and certainly all corporations, any corporation going to get hit

with a big, big, hard pivot. we're talking about like an additional 8% in corporate taxes plus additional booking fees, a massive hit on all corporations. neil: right. >> so i don't see anyone would be euphoric right now when this could be easily -- [audio difficulty] neil:ç liz, are you bullish for 2021? >> neil, i new the only -- i think the only thing that could dismantle this very robust recovery that's going on right now which provided 30% plus growth in the thursday quarter, looks like 11% growth in the fourth quarter is further draconian lockdowns in some of the states and, secondly, taxes. i think this is a big issue. we, there are two she scenarios in my mind. either georgia goes democrat can both of those senate seats and

biden more or less has to put forward a pretty big tax hike to fund all the programs he's promised, or that doesn't happen but cities and statements are still scrapped -- states are still scrapped for money. if you look at new york, california, illinois, these states are going to be raising taxes, in my view, regard wills. and i until youç what -- regardless. that's not a good is scenario to me. i think it puts a lid on growth next year, and i'm sad about that because i think right now the energy is there, and the pent-up savings are significant. so i'm pretty on the mississippi ecking, but -- optimistic, but i do think the tax issue is real. neil: liz and erin, thank you. by the way, if you guys ever wanted to go the airbnb route yourselves, your homes are beautiful. [laughter] maybe you could get a percentage, we could work something out on this, but they are beautiful. to thank you both very, very much. you've got to leverage off what's hot in the moment. what's also hot in the moment is

the fda, the advisory board meeting as we speak, presumably set to go ahead and approve pfizer's vaccine to deal with covid-19.ç blake burman following that very, very closely at the white house. blake. >> reporter: hi there, neil. this meeting has been going on for the last four hours or so. you're right, it is an advisory group to the fda which will give its recommendationed today either for or against granting emergency use authorization to pfizer's covid-19 vaccine caught. at this hour we are actually set to hear from pfizer officials themselves. in advance of the meeting, the head of the fda, dr. stephen han, made the rounds on the network morning talk shows and was repeatedly asked if this panel recommends authorization, when would the fda give its official approval? this was the answer that he consistently gave, listen. >> our plan is to take their recommendations into account for our decision making and make a decision shortly thereafter.

again, it really depends upon the complexity of theç issues discussed, but we intend to act quickly. >> reporter: so he sayses shortly thereafter, we with spend to act quickly. two things to note, first off, neither the doctor or the fda have specifieded what shortly means, whether that's minutes, hours or days. also this morning he stressed the recommendations of this panel are nonbounding meaning if they recommend -- nonbinding meaning the fda will still be the one who eventually makes the final call. neil, as for that recommendation, we are expecting it later this afternoon. neil? neil: and moderna then would be with next week, is that the timeline? >> reporter: next week, one week from today, december 17th, is when the same group takes up moderna's candidate. neil: got it. thank you, my friend, blake burman following all ofç that. by the way, when it comes to two known vaccines that could be out there and offered doses for

americans as soon as this weekend, bill gates has said that he sees the possibility of that but early next year we could be looking at a half dozen different remedies from antibody treatments that build up your immune system to more vaccines that can allow doctors to pick and choose what is best for you. we'll have more after this. ♪

(teen) mom... it happened again. (vo) add some thrill to your wish list. at the season of audi sales event. anna could only imagine a comfortable night's sleep without frequent heartburn waking her up. now, that dream... . ...is her reality. nexium 24hr stops acid before it starts, for all-day, all-night protection. can you imagine 24 hours without heartburn? who invented we're car vending machines and buying a car 100% online. now we've created a brand-new way for you to sell your car. whether it's a year old or a few years old. we wanna buy your car. so go to carvana and enter your license plate

answer a few questions. and our techno wizardry calculates your car's value and gives you a real offer in seconds. when you're ready, we'll come to you, pay you on the spot and pick up your car, that's it. so ditch the old way of selling your car, and say hello to the new way at carvana. ...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. ♪

the we have to find just anosomething else.it. good luck! what does that mean? we are doomed. [laughter] that's it. i figured it out! we're going to give togetherness. that sounds dumb. we're going to take all those family moments and package them. hmm. [laughing] that works.

♪ neil: all right. i want to bring your attention to philadelphia, the philadelphia zoo introducing a new 15-month young female going to be joining the hard of america's firstç zoo. it has arrived from the knoxville zoo in tennessee. i don't know whether that was her call or philadelphia just stole her. that's not the case, philadelphia wouldn't steal a giraffe. [laughter] it's hard to get away with that. but anyway, apparently she's adjusted, she likes the new place, the new keepers, everything. you know, turned out well. and philadelphia was apparently really pushing to get this, so is they stuck their income out -- [laughter] and got her. so there you go. i just want you to be aware, all types of breaking news here. and that's -- he looks very happy, yeah? how can you tell if a giraffe is

happy? you just sort of get a good feeling. [laughter] all right, we're on top of that, we're waiting on this fda news that could launch the advantage seen, and it can't happen a moment too soon forç our next guest. i've been to his place, fantastic. very good of to have you, seth. do you still do the fried brussel sprouts, by the way? >> we do, yeah. it's a different iteration than maybe the last time, but we do. certainly a fan favorite. neil: it is. normally vegetables don't go very far we me, but i do remember that distinct -- [inaudible conversations] >> i appreciate it. neil: no, i get the priorities right here. you're in a devil of a bind here, right? great stuff, great food, very loyal crowd of customers, but they're all but locked out and limited to how much you can do. what's the latest?

>> we are. yes. so so in rhode island we're at 32% indoor capaai(e9ñ we've been operating, you know, more stringent than what the state asks of us. they just recently went down to 33% from 66%. we're in a two week pause that we're about 11 days into right now, and our governor is actually speaking right now about the results from that. but during this pause we've been reduced to 33% interior. as you know in rhode island in december, outdoor dining is not really a thing anymore. so luckily e we've had a strong takeout business. we just added delivery, so we continue to evolve as these things happen, but it's certainly getting tiresome. neil: why is it, you know, and i've asked this of other restaurant owners, sam, they tend to be the ones, the first targeted. whether capacity rules or shut down entirely are. in california, you know, where they're just wiping it out practically. so things could beç a heck of a

lot worse for you. but the spikes in cases have not been happening at establishments like yours, and yet you're an easy target. do you get butter with that? >> yeah. we do. i think, you know, for the first few months i think it was something we could all tolerate, but nine months into this we till continue to be the ones that are the most haley restricted without substantial -- heavily restricted without substantial data. it really does start to wear on us. we understand some of the things that you can't avoid in a restaurant like taking your mask off to eat or drink. we understand that. there's some, you know, some things that we just can't, you know, shift. those are the realities of it. luckily, we had a great summer outside, you know, the weather up here was fantastic, so we were able to really put something together during the summer time, but as we sort of start to navigate this winter start to nave'ree this winter looking for options. you know, we're looking for funding from the state that's been hard to get. there's not much left are. so we're hoping for one of the

things, you know, hopefully falling into place pretty soon. neil: yeah. one of the things i have been looking knowing that i would be speaking to you today, sam, part of this covid relief measure that they're kicking around in washington -- it's a long way from being done, but there is built in there $300 billion for small businesses. that would include restaurants like your own. but it's difficult to get that when it's released, isn't it? >> it is, yeah. i don't think, you know, certainly the local government here in rhode island, you know, they're not used to deploying this much money, you know, as fast as they need to. and the reality is, you know, when these restrictions come down, you know, businesses like mine or any small business that's a cash flow business, we're paying netç 7, net 14, nt 30-day terms and, you know, if we don't have -- if we're paying last wednesday's bills, you know, today and and we're shut down and we don't have the cash to do it, it puts people in a difficult position. so, you know, there's no silver

bullet. we're hoping for more support from the government, you know, if they do continue to hand down these mandates and restrictions. but it's, it's getting tough. also, like you said, we have a great product, we have a great support system in our guests here in rhode island and massachusetts, and they've been carrying us through this which has been, you know, or really humbling and gratifying to see. neil: well, it's because your food is so good. the caesar fried chicken, to die for. but, sam -- >> thank you. neil: -- i wish you well. obviously, you have a very loyal base, people will come out on just for delivery because that stuff good. doing, you're doing all the measures and protections, and you still get pinned against the wall. best of luck to you. i hope some of the federal aid does make its way to you. sam glynn, chomp kitchen and drinks owner in little old rhode island. speaking of hits, we are

still waiting for airbnb. it is expected to come out of the gate very, very strong, that would give it coming out of the gate about $100 billion market valuation. which is more than a lot of countries. but these are the times in which we live. ♪ hello from the other side. ♪ i must have called a thousand times -- ♪ to tell you i'm sorry for everything that i've done. ♪ but when i call,ç you never seem to be home. ♪ sofi made it so easy to pay off my student loan debt. (chime) they were able to give me a personal loan so i could pay off all of my credit cards. (chime) i got my mortgage through sofi and the whole process was so easy. choosing sofi was literally one of the best decisions i could have ever made

because it gave me peace of mind. that's why we've merged with sprint.get more. i could have ever made now it's about to get even better.

and as we work to integrate sprint's network, our nationwide 5g keeps getting stronger. with the capacity and coverage to reach more people and places across the country. who says you can't have it all. now is the time for 5g. now is the time to join t-mobile.

neil: all right, i know i've been sayg this a lot, but airbnb or is expected to launch -- they never give a timetable to these things. it's fallen off from the blistering pace doordash setç

yesterday. our liz claman will be talking to the company's ceo, airbnb, i can vividly recall how much he was create -- criticized for this con isn't of people turning over their homes for people to visit. brian chesky very proud of what he's created and overcoming the doubters as a lot of these guys are. his smile is even brighter right now because of how wealthy he will be by the day's end at least on paper. so let's get the read on the significance of all of this, what we could be looking at with susan li following closely, larry glazer as well. susan, it's been as i you've been reporting so well a busy year for new offerings. the timing is such they're going to go out like the end of a fourth of july fireworks show. [laughter] it's going to be a crowded schedule but for a reason. what'sç driving all this

interest? >> tailwind, especially coming from, of course, the santa claus rally expected at the end of the year which i we usually get when people realize they have more money than they've budgeted for the past 11 months and as we get the election behind us. yes, a record year for ipos, $140 billion plus the raise this year, and they've done pretty well, an average of 24-30% on average, and that's better than during dot.com boom in the 2000s. but you always remind me, neil, that, yes, 1999 was a party, but 2001 was kind of, i guess, the hangover afterwards. neil: yeah, there is that. when you get to be the as old as me, susan -- [laughter] you always look at the glass as half empty. so i don't want to encourage that -- [laughter] but i do want to get your thoughts, larry, on what's driving this. prior to all these new offerings, there was theç phenomena that there were fewer shares outstanding because so many companies buying back their stock or merging with other

companies, this has begun to offset that. what do you see as the backdrop for all this? >> look, neil, there's no doubt the private markets are playing a more important role than before with. spacs, you're seeing private capital keeping companies before the public market much longer and bigger than ever before, and that's why they become so important, because the scope of these deals is massive. this is going to be the biggest upo certainly since 2014 -- ipo. it's really a reflexion of everything we've been through this year, it's been a really difficult year, a humbling year for everyone. full disclose your, neil, i stayed in more than one airbnb inç 2020, and i liked it. [laughter] not only that, but i think it's great, they're promoting entrepreneurship for small businesses on main street during difficult times when hotels are closed, so i think all that stuff is great. on the other hand, we're getting a ton of phone calls saying what do you think of all these

ipos. that always makes me cautious, and when i look at the sentiment indicators, individual investors, investors intelligence survey, they're flashing caution. is so this is the same company that i tell people that laid off 25% of its staff in the spring and had to do an emergency capital raise, and today it's worth at least $50 million more, and that makes me nervous. neil: you know, susan, didn't they also get in trouble with people in neighborhoods where, you know, homes are being rented out? the neighbors said, you know, it's a constant changing, you know, cascade of characters going in and out of my neighbor's home, and i don't like it. iç mean, they've run into that, and as they grow, they're running into more of that. is that an issue, or have they resolved it? >> for a while with. neil: certainly in new york that don't allow it. >> they've been fighting it for a while. they've been fighting the hotel industry for many years as well. neil: right, right. >> yeah: i by think it's the side of the -- size of the ip

work that we're waiting so long for this to open, and there's a lot more people that want to buy the stock instead of the ones that want to sell. and there is talk that airbnb is a growth industry. >>, they did terribly this year because of covid, but in the future, you know, you have talk and investors saying it could be even added to the uppity cease, the is s&pes and the nasdaqs in just one or two years. you could imagine index funds that want to buy into theseç types of names and need to include them. [inaudible conversations] neil: all right, final word, larry. go ahead. >> i was just going to add that, look, at the end of the day, it's okay to stay in an airbnb, just be cautious when you buy a stock like this. santa claus rally may be quarantine til the end ebb of the year, so we want to look hard, but we want to be patient and disciplined i'll valuation does matter, but it may not matter today. neil: you know, or i don't know,

larry -- [laughter] people would line up to be staying in your mansion for a night, so, come on, let's play along with this one -- >> i'm going to sleep on my man couch! >> don't invite me, or i'm fine. neil: we'll leverage it. >> okay. neil: head to varney's. in the meantime, i've got grady trimble taking a separate look if you really can't offer your home up, how are you going to rightç now in this environment make some money for your state? when you look at all sorts of things like, you know, taxing more, that's an idea that's certainly nothing new, or you could maybe sort of grow the pot a little bit with online sports betting and the rest. grady looking into that in cril. hey, grady. >> reporter: hey, neil. yeah, can casinos are closed right now in illinois, this rivers casino has a beautiful sports book with massive tv screens where people would ordinarily place their bets. they can't do that right now, but they are still finding a way to bet, they're just doing it

online. in the month of september alone in the state of illinois, $305 million worth of bets placed on sports across the country even more, nearly $6 billion worth of bents placed in the third quarter of the year. the amount has gone up about 48% compared to last year in theç first ten months of this year. so this is obviously a rapidly growing industry, and those in the industry expect states to capitalize are on that. expanding online sports betting and on line casino gaming even. we spoke to the chairman of rush street interactive, they operate the sports book here at this rivers casino as well as in several states, and he says that that tax revenue that you can generate from online sports gambling and online casino games might be irresistible to many states. but he did say there is one bug reason that they might be -- big reason that they might be hesitant to move in the direction of legalization. >> more states are considering

if they don't have sport betting, they're adding it, and if they have sport betting and they need money, there's talk about them potentially allowing ca see eau know -- casino gamblingç online. >> reporter: the reason they might not do that though, neil, because these casinos obviously employ a lot of people, so they want to make sure that online betting and online gambling complements the brick and mortar side of their buzz, and the state doesn't want to lose revenues to online. they want to coop it growing, obviously, from taxes. by the way, we should point out that 25 states could have legal sports betting by the end of next year, neil. neil: wow. all right, thank you very much, grady trimble, following all of that. as with wait for the fda to clear the pfizer vaccine, to deal with covid-19, how hospitals are dealing with it right now. i guess you call them killing robots. jeff flock in the middle of all of that the, arlington heights,

illinois. jeff, what's going on here? >> reporter: yeah. they don't take a vacation,ç ty don't get sick days, but that's who's doing the killing around here. take a look at that, it is called light strike from a company called zen-ex, and this i mitts ultraviolet -- emits high powered ultraviolet light. >> that is correct. we use it in our o.r., in our hospital rooms, and we use it in just about anywhere it's needed. >> reporter: conference room -- >> yeah. >> reporter: i want to explain how it works. neil, we had to got behind the glass because you can't see -- if you look through the grass, you're okay. ing but it -- if you're in the room, not so much. open it up, if you would. i want to show show neil how this works. this is what it looks like. this is the bulb here, right? that's the key? >> up. that's what makesç the robot

unique. it emits intense bursts of broad spectrum uv light, and that's what makes it able to quick withly deactivate viruses and bacteria. >> reporter: it's not just for covid, works for a whole range of pathogens, yes yes? >> correct. not just covid. it destroyed stars cov-2 but also her saw, ebola and many other pathogens that pose a threat. >> reporter: $125,000 for this ma a chien. that's a lot of dough -- machine, but 75 places around the -- 750 hospitals across the country. >> correct. you know, this is a science-based robot backed but over 40 plus peer-review-published studies, and when you get it down to cost for disinfection, it's only about $100 a day. out, neil, up like me, this works 24/7. no vacation. [laughter] neil: is it safe, jeff, to be in

there when it's doing its thing when it's flashing? >> reporter: no. good question and, no, it is not safe. it irritates your eyes. did it all the time, it might have long range i effects. you don't want to be in the room. it's a robot, it does its thing, you don't have to be there. neil all right, amazing. be safe, my friend. we want you around to continue working 24/7 days. airbnb has opened at $145 a share, up $78. remember, the offering price was $68 a share. it was quickly e ratcheted up there, demand at the very beginning was set to outpace whatever supply of shares they would have. but with this offering noj with our bnb, we're going to continue to show that, it is having the same response on the part of investors that we saw doordash have a little more than 24 hours ago. jack key deangelis following

all of this. it is going to script right now, what can we make of its opening minutes here? >> reporter: well, i was a little disappointed to see it open at $146, because we were talking about numbers like 156, but when you think about the priced at $68, i mean, if you're invested in this company, you're the still doing really well,118% up on the day so far. neil, i stand the back from my point of view and you too as we watch these unicorns go public. you see what happened with doordash yesterday, and you look at a company like airbnb or some of the other unicorns we've seen this year, and you wonder, you know, if charlieç gasparino wasn't right earlier that perhaps we might be in a little bit of a bubble here in the sense of the kinds of gains that we're seeing. and you also noted the fact that we've soon these ipos then sell off after. it may not happen with this one. i think they're not all created equal, but it's certainly something to think about especially when dow is at 30,000.

i hate to be half -- glass half empty, as you said before. i'm not as old as you are, but i tend to kind of look at it that way sometimes, with some caution. neil: you know, also what's been made a big hullabaloo about is whether it is a category leader. you could make the argument that doordash has more than half the food delivery market right now, you could leverage off that and still get more food delivery, you could start delivering other stuff, and investors filled that in to a valuation.ç airbnb's case, it is a crowded field of those in the say caution rental arena. just leaving aside the loss walty industry, hotels and what have you, but other high-end services, exclusive resorts and a host of other marquee players. so there's more competition there. but i know the ceo has said he expects to be that category leader. of that's going to be important to keeping these rich

valuationses going, right? >> reporter: here's what i would say, i look at it this way with, as a result of the pandemic, right, we've all changed how we're doing things, how we are working, people are working are motely, and it sort of accelerated so many things. but i was even saying to my uber driver this morning when there was no traffic this -- i wonder when everything is back to normal and everybody's gotten a vaccine, we know it's going to take some time, but how many people actually come back to work and how many are going to stay home because they fiu[ed out a way to do it. the same principle, i think, applies to airbnb here. this maw be the hot thing to do for a while. it may make people feel comfortable, but ultimately especially on the high end, for example, maybe not next year, but the year after if i want to go to tahiti or bora bora, i really want to stay at that luxury resort at the four seasons and feel like i'm being pampered and feel like it's a real view case when it's -- say caution when it's safe begun. --

vacation. you've got some peopler or charlie mentioned he got an airbnb in italy, and it was really cheap and efficient, and some people are just going to always want that, and other people are going to say, no, i want that luxe true when i travel. luxe true. so it's a matter of consumer preference. neil: yeah. i think charlie was lying, i think he was looking for an airbnb in the poconos. [laughter] you know what's interesting9tá % you have been speaking, jackie, you mentioned there was a little bit of a surprise coming in at $46 a share. -- 146. it had gone9 as high as 355, now it's will the -- as high as 155. now it's at 160. it gets back to this notion, is this a post-pandemic play? because, you know, during the pandemic it was very hard for people to go anywhere. you can build up expectations now, and maybe that's what has

it close to $165 a share. with vaccines, you know, coming out and people really sort of inclined to travel again, that airbnb could be an immediate men fish true. >> reporter: yeah, absolutely. and if you take the longer term approach as i talked about before that thsj company is really a disrupter in the industry the way uber was for taxis, for example, and that model maintains and it was the leader, you know, you had guests on today saying that they were -- they had the stock, and they were going to hold on to it, they're not going to system a share because today really think airbnb is the future. and that could be what you're seeing here. when we opened, you know, the people that were in the stock when it opened and other people want to buy and get into it as well, and there won't be as much selling. $96 here in profit today, some people will take some profit tomorrow, but i don't think they're going to sell this one down too far if they really believe in that disrupter model. neil: yeah. to that point, we're looking at

now the price run, this was priced at $68 a share. i hasten to add when they were first kicking around going pluck, they were talking a number that was in the $40 something a shareç range. so when you think of where they were and you think about when they were laying off people because the business model wasn't working out or they had, you know, a runup in a all of that here, the valuation of the company at $68 a share was for close to $50 billion, 47 billion, and we're more than two and a half times over that level now which would give it a market cap in the vicinity of $110-120 billion. but i'm not the accountant. dan get trued is. he joins us on the significance of this. dan, looking at this reaction on the heels of doordash just yesterday, what do you make of all of it? >> well, i think it's signaling what's going to happen in the future. look, airbnb, neil, is such a tremendous idea because from

what i see in terms of how people approach when they could go places is not looking for a $otel. they're looking for airbnb. so what's happening is people are literally adjusting the way they travel around airbnb, and that's going to have tremendous impact on the industry. and i think everyone is seeing that, hence, why the price is going where it is right now. neil: so, dan, i'm just curious, i know they wanted to raise what was about $3.5-4 billion from this, they're going to raise a little more than that, but what are they going to do with that money? do they beef up their properties, do they sort of weed out some of the lesser players, focus more on, you know, goesic lower ceals? -- exotic locales? do you know how they plan to use this? >> i think, neil, it's probably all of the above. look, when you have that type of

extra capital on hand, it givesç you tremendous flexibility to sit back, look at the market, see where this is going and say, look, we don't necessarily want to be in these areas, and we certainly have the capital now to move into other areas. and that type of flexibility right now, neil, during a pandemic is tremendously valuable for a company like airbnb, especially just coming off going public like this. so i see good things ahead for these guys. neil: dan, what is your take on what's driving all this interest in these new offerings? now, i've heard folks say, well, you know, they're getting in while the getting's good, and they don't know how things are going to be in a biden administration, whether he will ever be able to pull off the tax package he wants. i guess that depends if democrats win both those seats in georgia. what is behind this? >> i think, neil, itç relates o how quickly business models are

changing across the country. look, this -- it's really becoming, as bill gates called it in his book, business at the speed of thought. things are moving so quickly, when you see a company like airbnb that comes up with a model that really is quite simple, but it's so effective that literally can move the entire hotel industry and the way, again, people travel and how they new of these things -- think of these things. that, it's simply a good idea, and people are drawn to that. there's a lot of optimism, there's also a lot of cash on the sidelines, they see a situation like this, let's get in while the getting is good. and i think it's a combination of all those things, is what we're seeing with thisç compan. neil: you know, you can't help but compare this to the dot.com boom, of course, in the late 1990s, 1999 specifically. now anybody and his uncle all of

a sudden suspended math as the means by which you evaluated a stock oren company. i can quite remember some of these kids coming brick and they became instant billionaires, and they used to say it's a whole new math. and i always said, well, the old jack welch, when all is said and done, you have to make must mon. now, we saw with doordash, the same with airbnb, the trend their friend, the revenues are strong, the losses are narrowing, but i know that was the plight of amazon until actually very recently when it started making money. is so you wait that out. do you wait these out, dan, looking at this? >> yeah, i thinkç you do, neil, because these concepts of how literally, again, industries are moving around these companies. i think you stay in it for the long haul similar to what we saw with amazon. but, look, amazon basically

dominates the world at this point. and you're right, they weren't making money for a long time, but the concept of what they were doing -- neil: right >> -- completely changing retail altogether. that's why you're taking the ride. it is based upon a promise, but it's a promise that makes sense. and that's why i think this is something that's going to be here to stay, neil. neil: all right. if you could just stay where you are, dan, and jackie back with us, susan lu also joining us. -- susan li. if you think about the market right now, not only the froth, and froth is a negative term. there's a lot ofç substance there, doordash, whether its valuations are warranted is none's guest, but it comes at a time when tesla's stock has been on a tear. it joined the s&p 500, got on a bigger tear. nothing blocks it. it's almost like shooting fish in a barrel. you can't go wrong here.

and now i'm just wondering is this process and how it's playing out, you know, i think there was that famous analyst who had given up on shorting tesla. yeah. i'm just wondering when you see that, are they counter-indicators? just like when everyone is bullish, do you worry? >> right. neil: there's still a good plural few out there, i get that. i'm not meaning to rain on this proud, i'm just pointing out there's a lot of evidence, bits and pieces there, that show it could be gettingç ahead of itself. >> yeah. when you see airbnb up 126% in its debut and more than quintupling its value in just a matter of months since march, and you saw doordash as well, more than tripling, quadrupling us value from june, in just a few months' time, i think there are questions about whether or not this is a bubble that we're seeing once again. i think tomorrow, though, the

monday morning quarterbacking will be about the ipo process. you heard about that during snowflake, and they thought this is a broken model because those that should be benefiting from these stock gains should be found, there's, obviously, the early investors expect employees. it's up 130% on day one, wall street benefits, and they say actually more of these rewards should be given to those that bet early. so i think monday morning they'll be saying how doç we gt the froth better so that those who deserve it get to keep it. neil: jack key, do we know how they're sharing the loot with workers or those, you know, who line up the homeowners to get them to put their houses on the market and all that or the say e case rental market? is there going to be a wide pool of people? >> reporter: that investigate i don't have, so i will -- that information i don't have, so i will look into it. neil: you're so honest.

if that were me, i'd be giving you some b.s. or something -- [laughter] i'm sorry kidding. this is how good they all are. dan, that was the rap against the bug boom announcements in the 1990s where only a few including the investment banks that brought them public were sharing in the loot, and here, of course, i know a lot of them have gotten, you know, obviously, the investmentç bans are not as into it or almost entirely left out of it. but it tends to benefit a few and not spread to those who make the company a success. i don't know if the doordash case whether that's going to apply to its drivers and delivery types and all the rest, but that will get a lot of scrutiny. i imagine in a new administration even more scrutiny. what do you think? >> there's know question about it based upon how the biden administration is looking at things. they're absolutely going to give a lot of scrutiny to wall street. but, neil, let me just say this related to the market or overall. i personally still have a very

bullish outlook on what's going to happen, and let me tell you why. neil: really? >> if you look at interest rates are still going to remain low. next, you have a lot of cash still sitting on the sidelines. and, third, i personally thinkç that we are going to have split government which means we are not going to have significant tax increases particularly on corporations. i think that combination staying in place is still going to give the market plenty the of room to go up. neil: jackie, that's been with one of the arguments i've heard, that there's no other place for money to go if interest rates are near zero, and maybe this is an opportunity maybe to shift sectors. technology doesn't look as hot, but some of these hot new offerings look hot, but that money has to find a place and a safe place, and it's in the stock market. >> absolutely. it's in the stock market. neil: when you talk to traders,

are they saying that? >> yeah, they are. the money has to be in the stock market right now because you can't stuff the it under your mattress with interest rates so low. essentially, what they're doing is finding aç way of diversifying. this is another opportunity, as you said, to be in a different sector, to own a different piece of something. no one wants to really double up on their positions in amazon right now, for example, because you're looking at a stock market that's on the high side, we don't know exactly what's going to happen, and they want to have a little bit of everything in there instead of, you know, putting all their eggs in one basket, let's just say. is so this is a perfect opportunity to do that, and it's one of the reasons that you're seeing so much demand for doordash and airbnb. neil: you know, susan, when i look at sectors of the buying public, the most leery, the most sup call of all apparently -- cynical of all apparently are young people like yourself. [laughter] i'm wonder orerring why that is. are they just leery? do they remember the meltdown, what their parents went through?

because they're not big participants. >> well, i would say that this year has proven that young traders are now aç force in the stock market. you've seen the rise of robin hood with 13 million accounts now, 3 million added this year with. they have their stimulus checks and their extended unemployment benefits, and they're actually the ones driving the market and some of the market volume that we've seen this year. neil: right >> i would say that these unicorns have been, actually, a prime spot for them, because these are the services they use. they order or food on doordash and use the airbnb. neil: great job, all. i want to thank you. we're toll following this, don't forget liz claman has brian chesky, the ceo of airbnb. to all the businesses that helped us make it through 2020... thank you for going the extra mile... and for the extra pump of caramel. thank you for the good food... and the good karma. thank you for all the deliveries...

especially this one. you've reminded us that no matter what, we can always find a way to bounce forward. so thank you, to our customers and to businesses everywhere, from all of us at comcast business. . . . . to shorten colds! highly recommend it! zifans love zicam's unique zinc formula. it shortens colds!

zicam zinc that cold! it shortens colds! robinwithout the commission fees. so, you can start investing today wherever you are - even hanging with your dog. so, what are you waiting for? download now and get your first stock on us. robinhood. help the world believe in holiday magic. and this year was harder than ever. and yet, somehow, you all found a way to pull it off. it's not about the toys or the ornaments but about coming together. santa, santa, you're on mute! just wanted to say thanks. thanks for believing. that's it. i'm calling kohler about their walk-in bath. [ sigh ] not gonna happen. my name is ken. how may i help you? hi, i'm calling about kohler's walk-in bath. excellent! happy to help. huh? hold one moment please...

[ finger snaps ] hmm. ♪ the kohler walk-in bath features an extra-wide opening and a low step-in at three inches, which is 25 to 60% lower than some leading competitors. the bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. kohler is an expert in bathing, so you can count on a deep soaking experience. are you seeing this? the kohler walk-in bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassage. everything is installed in as little as a day by a kohler-certified installer. and it's made by kohler- america's leading plumbing brand. we need this bath. yes. yes you do. a kohler walk-in bath provides 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. wannit's timeight and for aerotrainer. a more effective total body fitness solution. (announcer) aerotrainer's ergodynamic design and four patented air chambers create maximum muscle activation for better results in less time. it allows for over 20 exercises.

do the aerotrainer super crunch, push ups, aero squat. it inflates in 30 seconds. aerotrainer is tested to support over 500 pounds. lose weight, look great, and be healthy. go to aerotrainer.com. that's a-e-r-o trainer.com. neil: take it, charles, to you, my friend. charles: thank you very much, neil, good afternoon, everyone, i'm charles payne, this is "making money." breaking right now after hugely disappointing initial jobs claims the market stumbled out of the gate but it held up ever since. it hinted to a big move to the upside. algos are paying attention to positive stimulus comments, anything comes out of capitol hill. investors enjoy ipo freeding frenzy seeing many eye pose rocketing higher. the question, is it 1999 all over again? don't