30 minutes away. have a great weekend i will see you on wall street tonight, 9:00 p.m. eastern. we will be back here monday bright and early. "varney & co." begins right now. take it away, stu. stuart: thank you. good morning. it's friday, december 11, and it's the end of the history making weak. hope you could put aside the political backbiting because into areas sings went very well. history was made. a vaccine arrived, and occupations of started in britain, pfizer kick off the green light here with 20 million doses promised. astounding success story, president trump deserves credit to go from first case to infected vaccine in 10 months is an achievement that unfolded this week. investors showed enthusiasm for the companies in the industry of the future,

doordash a food delivery company offering shares to the public and the money poured into it. airbnb a travel company now worth $100 billion, more than marriott hotels in hilton combined. ashley: ai about artificial intelligence, that doubled. what's going on here? this week we started to see the other side with the vaccines offering hope next year covid can be tamed and ipos it showed american companies will lead the economy when we get to the other side. we may all be fatigued, national, but events this week suggest a brighter future. bring it on, please. "varney & co." is about to begin. ♪

stuart: let's dance. data guy was good. susan: that guy was a great. great. stuart: love the vaccines, love the new industries coming to market. do not like the restrictions devastating so many industries. yes, there is a revolt and may be the governor of california's taking notice. this tweet from gavin newsom overnight. quote mental health's physical health, staying active and connective is important, get outdoors with your household, explore your neighborhood and california's beauty, go to a beach, take your kids to a playground, gone hiking, we can get through this. hold on, i thought he issued a three week stay at home order. maybe he has heard protestants in the businesses that he's ruining. if not the lockdowns that are hurting stock, lack of stimulus.

now, we are told it's not likely to happen. stay tuned to this changes by the hour. another possible negative happened after days of high-level talks now saying a heart breaks it is to be expected. apparently that will be bad for our market. the dow industrials will open with a triple digit loss of down about 130, s&p down 22. modest losses after the recent big gains. right to airbnb. if you were watching yesterday on fox business yesterday afternoon, you know that stock skyrocketed. what is it this morning? susan: down. we did more than double from the ipo offer price of $68. incredible amount of demand surprising a lot of people on wall street , blockbuster performance making airbnb founders even richer. the american dream. ceo brian chesky with an

$11 billion and the other two slightly less with $10 billion each and airbnb now the world most valuable online travel company worth more than marriott, hilton, height and intercontinental combined. most of this ipo hype coming from the individual retail investors, young traders using robin hood and also one of the top trades on fidelity yesterday, so a lot of these should we say older wealthier that couldn't get into the ipo and i think that is right now how do you go public with these big unicorns because if you think about it getting in at $60, you need to democratize so individual investors don't get into a frenzy. stuart: agreed. there has to be a better way of going public so that everyone who wants to get in can get in

without seeing it go to the moon. susan: there should be-- i mean, skyrocketing ridiculous 140 doubling type of performance. stuart: not necessarily good for the market, but only down $2 on $140 stock. elsewhere, back to the vaccine, a major milestone. alex azar confirming the fda will grant emergency authorization for pfizer's axing, but merck's ceo, merck drug company ceo sees at least six more months of social distancing and masks. fox news medical contributor, doctor marc siegel. what he stated that, doctor, six more months of masks and a social distancing? >> i think it depends on how long it takes for the largest amount of the population to get this to really slow the virus down. i don't think the merck ceo really knows the

answer but we are making a huge step of progress forward now because 6 million doses will be sent out immediately to cover nursing homes and healthcare workers. healthcare workers on the front lines and that will already make an enormous debt because 40% of the deaths from covid are in a nursing home so we have to watch it play out over the next several weeks, but one thing is for sure, as we get into the new year you'll be able to see a decrease of some jacobian restrictions that are causing the depression that even gavin newsom is noticing , so absolutely there will be a step towards reopening as the vaccine takes hold. stuart: given the big picture and i have asked this of you and other doctors, does this vaccine mean that we can now clearly see the other side whether it's spring or early summer we can see the other side, can we? >> this is the light at the end of the tunnel. this will lead us to herd immunity and reopen society and a defeat the

virus, absolutely. stuart: when will we get this thing? i mean, the 6 million doses go first to who again, tell me? >> nursing homes right away which is really smart because they are 40% of the death and healthcare workers which is smart because we are on the front lines taking care of covid patients of that will decrease spread and also give us the ability to give the message to the viewers that you can take it, we did it, all of that right away and then you will see it expanded to essential workers, workers in other businesses and then onto those in high risk groups, the elderly , those with pre-existing conditions. i think it can happen before the end of the year and into january. stuart: thank you, sir. we will see you soon. back to money, left-hand side of your screen, the futures market. shayna, welcome to the program. good to have you with us. i read your stuff and i

think he believe the economy will state that-- take off in the second half of next year. is that accurate? >> that is accurate. i think there is pent up demand and i think it will only get even more of a coiled spring as they like to say due to the locked down during holiday season. people really miss traveling and seeing their family and going places and i just really believe that the average american has all this extra money in their savings with double the normal savings rate and they want to spend that money, but they aren't going to do it until they feel financially stable, financially secure and they can like they can't go and have a fairly normal experience wherever they are going, but i definitely think in the second half of 2021 we will see a coiled spring of pent up demand a. stuart: huge clothes spring of pent up demand for the economy, does that mean a huge coiled spring for the increase of stock

prices? >> well, the stock market is slightly ahead of the economy and that's traditionally what's happened. we can argue about how much ahead, but i do think there's momentum in the stock market. you see this rotation from the stocks that were really worked through the pandemic in the lockdowns to the stocks that have been hurt by a lot of these lockdown measures and of those stocks will likely do very well going into the first quarter of 2021, and through the end of 2021, the end of the year like the airlines, cruise ships, disney's of the world, the types of names that benefit from experience, from people getting out and getting back to some sense of normalcy. stuart: give me 30 seconds on the ipos that went to the moon. some people say it's a little frothy, a danger signal, what say you? >> i don't think it's necessarily a danger signal. these are companies people are familiar with and that people use,

which is why there's a frenzy and as was pointed out there is a problem with the pricing mechanism and average retail investor not getting in in the initial ipo so there's a frenzy to get in when it hits the market but overall these are companies that are revenue positive, that are headed towards profitability and that's why you can see the reaction you do when they hit the market. stuart: shayna, thank you for joining us. come back soon. shayna was mentioning disney. boy, are they making headlines because of their investor day yesterday. lauren, you know all about this, seems to me disney while it's all about streaming. lauren: well, they have 86.8 million subscribers in just over a year, phenomenal. ceo says they will triple the number by 2024 when disney plus is a slated to have 260 million customers, so they are pouring as

much a $16 billion into content for disney plus, who and espn are there streaming services, 10 newest "star wars", 10 new marvels, more live-action, 30, actually and in all talking 100 new series each year, so as you are making that much of an investment, what you do? raise prices. starting in march, regular service goes up by a dollar to make a dollars a month but remains as-- you just saw the stock with 8% gain in the premarket and should open at an all-time high. stuart: by the way, up in deer hunting country yesterday doing a report for us did you shoot anything? lauren: i did not to shoot anything. stuart: do you want to leave it at that? lauren: do you hunt by any chance? stuart: some guys hunt on my property, but i don't. i don't shoot. lauren: we weren't there at the

right time either. our timing was wrong so i didn't see much. stuart: come to my property. there's plenty of your they are. moving on. i'm just going to move on before i dig a deep hole. thank you. checking futures, still plenty of red ink, down 100 plus with the dow jones, down the 70 plus for the nasdaq. the media, big tech sensor, "new york post" bombshell story on the hunter biden scandal, they did what you to see it would not let you see it, turns out they were wrong. hunter biden is under federal investigation. people are angry about what the media did, the media bias has never been so glaring. we will take them onto your joe biden virus advisor was to cancel your christmas celebrations. watch of this. >> i don't care if i'm accused of being the grinch that stole christmas, but no christmas party, not a

saved christmas party in this country right now. stuart: will people stand by passively for that? the revolt is gaining ground and "varney & co." is only just getting started. ♪ our new house is amazing. great street, huge yard. there is a bit of an issue with our neighbors fencing. neighbor 1: allez! (sound from wind chimes) neighbor 2: (laughing) at least geico makes bundling our home and car insurance easy. which helps us save even more. neighbor 2: hey, sarah, hey, peter! neighbor 1: touché. neighbor 2: ahhh! neighbor 1: pret! neighbor 2: en garde! for bundling made easy, go to geico.com ...i was just fighting an uphill battle in my career.

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stuart: if you are just joining us you will see red ink, it's a down day on wall street, but not a huge selloff. vaccine shipments will you get vip status. lauren, i understand they have trackers on them. lauren: gps tracking, special

gold labels that monitor the chopper-- temperature, light exposure and motion data. they send it to ups and also operation work speed officials and they also have first lotus status of meaning they get on the plane, they get on the trucks, sometimes before your christmas gifts that will, so it's a well choreographed partnership between the government and the private sector to ensure , not only the vaccine, but the materials needed to deliver it arrive in time for which is very soon. this could mean as many as 700 million christmas presents don't arrive in time. stuart: yes, but you have been talking about the distribution and that's very important because joe biden is pouring cold water on the rollout and the distribution. listen to that, according directly, this is joe biden, vaccines don't equal giggle vaccinations, our challenge is to scale up manufacturing industry should to distribute

100 million shots in the first 100 days of my administration. white house press secretary joins us now. brian, the man is trying to take credit for the president's achievement. >> that's exactly right and thank you for having me. this is a great day for america because operation more per seat-- warp speed is proceeding and we are next dictation to party the goal and that timeline over the next several months so if it were only 100 million you know i think talking about march or april it would be behind schedule and we are talking about 100 million by february potentially. stuart, this morning the secretary of health and human services is reporting we could see vaccinations as soon as monday because the fda indicated they are on track to approve the safe and effective vaccine five times faster than ever before because of president trump's warp speed away our keyboard to reducing the risk of the virus more and more every week

with millions of vaccinations each week over the coming months and that means we can see the light at the end of the tunnel and that's great news for optimism for america. stuart: i think you are absolutely right and i think the president deserves full credit for what he has achieved, however now the job is to persuade people to take the vaccine. is there some idea that maybe president trump would take it, maybe on camera as a demonstration to get out there, you take it also? any thought about that? >> that's been suggested and we are considering it's. the president already indicated his willingness to do it if that's what the experts suggest and i know there are other high profile vaccine influencers willing to set an example and that's good news, but this administration has been next line nearly transparent. we had the three-hour long summit explaining an excruciating detail of the development and

review process and we now have the public meeting of an independent advisory board that took place yesterday and what they see and what the doctors and signs this are upwards of 90, 95% efficacy, far exceeding expectations and no safir-- severe adverse effects. extraordinary news, really rare mild side effects you see for example with the flu shot, soreness where you get the shot or some fatigue or mild fever that lasts a short time. these are things that it does not make you sick, it protects you against the virus and we are getting the message out to reassure the american people and i think to your suggestion, stuart, we will have lots of people taking the shot as well to take an example and the president is considering the. stuart: are the trucks loaded with the doses of vaccines? are the planes loaded with the doses of the vaccine, are we doing

it? >> we are doing it and stuart, we anticipate the fda finally issuing authorization. they have given the signal so we think there will be shipments happening over the weekend and we could have shots in arms as soon as monday. extraordinary news for america things to president trump's operation at warp speed to. stuart: congratulations, president trump. thank you for joining us >> thank you. stuart: here is a signal may be of a gradual opening up, southwest airline flying flights to more destinations. lauren, where are they going? lauren: palm springs, california, sarasota, florida, jackson, mississippi and also taking on united airlines at chicago o'hare so we have new airports, new routes to where it's betting customers will want to go and i can add the mountain areas to that so the ski season

and also a new flight from phoenix to canteen, mexico sounds nice right now, but i think i would have trouble getting back. stuart: it's an opening up, a movement forward and that's what i'm looking forward to. thank you. looking at futures, still on the downside with plenty of red ink, but we have seven minutes to go before we open. we will take you to wall street after this. ♪

stuart: first of all, show me the overall market, on the downside. now, show me doordash, show me airbnb. let's have a look at gary who joins us this morning. gary, you saw what happened to these 2p-- ipos work they went to the moon. what is an experienced investor like you think of this upmarket activity? >> it worries me for down the road. by themselves, not a big deal, but we have had 400 secondary offerings in the last few months

that shareholder sarah-- selling. quadrupling in a matter of days that actually have no companies inside of them so there's a lot of froth and speculation , but i'm not worried about a doordash or airbnb, i'm more .-dot evaluation of them so i think there's worried, but not right now. i think the market is good at this second. stuart: not quite the same as the.com. bust in the early 2000's >> no, because back then there were just companies coming out that didn't even have businesses, but again this is something to keep an ion. i never like ridiculous froth and speculation. it's usually late stage in late move in the market. stuart: i think it's the vaccine trade where you by airlines, cruise lines, travel companies on the expectation that vaccine will creates-- you know we will see the other side.

would you think investing in the vaccine trade is good right now? >> i have been saying it since november 9, the day they announced it. the markets gapped up that day on that news and adding the energy stock, the strongest stocks of the vaccine trade right now because the opening up you will need demand for energy, so yeah, i think it continues. this second, maybe pull back, but i think they are much higher going forward and if you look at cruise line they are still 50 to 60% below the height and if you believe when we get normalization that chromebook-- cruise lines are going to get back to normal, i think they will so hire for airlines, cruise lines and by the way that airlines are traveling at about 40% normal, so yeah, i would be getting into pull back at this juncture. stuart: gary, thank you. hope you are still enjoying wide open florida. thank you.

we have got about five seconds to go before the bell starts to ring. i see them applauding already. there is the bell. we are about to start and five, four, three, two, one and it's friday, december 11, and we are off and running. on the downside to start with, not a huge loss, about 70 points. i see a lot of the dow 30 in the red, not down much, but they are down. at the moment the dow jones down one quarter 1%. s&p 500, about the same. a bit worse, actually down about half a percent and the nasdaq composite also on the downside. we are down. how about airbnb and doordash, the huge ipos of the last two days, airbnb has actually after some more. susan: so much retail interest,

individual investors that want to get in. stuart: doordash continues its retreat, but when you think it started $102 and it still 177, not much of a pullback. tesla lower this morning, not everyone is a bullish. susan: jeffrey says don't buy it. hold of the stock if you have it, but they are skeptical the company can dominate the entire car industry in the future, also expressing doubts-- at least executed on private launches an expansion of new cars and new batteries next year, so jeffrey says it's a little more, 650 is still the call and calling tesla-- stuart: are you talking to me about the messiah? be careful.

stuart: we have one more. it's chinese electric car company down nearly 5%. susan: they are selling 60 million more shares in extra stock in offering another 400 million more, so that's a lot of new stock. when there is more supply, that reduces the price of existing stock already out there. they need this cash for research and development to make the next generation self driving platform. it's it down a percent the past month because there are concerns chinese a stock like this are at risk of being delisted. definite three years to comply to the new audit rules, but they're still concerned your money is at risk. stuart: look at what going public in putting their shares out what it's done for them, up a thousand% so you issue more

shares in pulling even more. susan: extraordinary when it comes to capital raising. stuart: on this capital is just flowing into these brand-new industries. susan: also tells you there's a lot of cash on the sidelines. stuart: tells me capitalism works. don't tell bernie. disney, please. nice gain, 7%. they had their investor day yesterday. turns out they are looking for-- i think-- 250 million subscribers, paid subscribers by 2024 , 2025. they have about 85 million now. and no wonder the stock is up $12 to 166 on it disney. lululemon down. what's wrong? i thought they were doing well with workout gear, laurinda. lauren: it was their guidance.

they are a bit worried about store closures. they are worried as you cut the hours they are able to open it could impact them at year-end which is the key season where a now but if you look at the quarter despite the stock reaction it was good as revenue rose 22%. thanksgiving week they saw a record sales and they did it for low workers which help them because when things reopened they were able to get back to business really really fast, so the issue is what will happen at year end and i noticed one thing and i kind of the said it's not just the females. you know how everyone is wearing like jogging pants right now because it's more comfortable as we work from home, business on top not the bottom. the ceo said for men, fixed waistband pants, that business is getting stronger.

stuart: wait, what is a fixed waistband? lauren: i looked it up and it means it's a bit tighter, so you can't be as comfortable at home anymore working. people are starting to buy like almost real pants again, not the button pants where you have to zip it up, but there is an elastic there. doesn't stress as much. stuart: thank you. i'm sorry. starbucks, i find this fascinating. they have a line of cold drinks, obviously, and i am told it's bringing in the billions. is that right, billions, ashley? ashley: about a billion dollars in sales over the last three years. a couple fancy hot coffee in the morning, but younger consumers also like ice in their brew.

's growing 5% in the past four years and for example out of this fall it's pumpkin cream cold brew outsold the traditional pumpkin spice latte. say it ain't true, but it is so no supplies the company will add a new drink early next year they shaken iced espresso, brown sugar and oak-- oat milk. stuart: 13000 calories per swallow i would say. thank you. show me snowflake. downgrade. whose downgrading them and why? susan: cut from buy to a hold roughly 10% down from the current levels. larry ellison yesterday's called snowflake the stock of the moment.

snowflake apparently is the darling right now in silicon valley. their concern that ipo lockup period expiring in march meaning there will be a wall of new stock supply coming online and when there is more supply that means prices come down. it's up to hundred% since the ipo. unity software is a seen explosive again's since its debut and i would say this year it's been the darling of the ipo markets. utero and doordash and airbnb and silicon valley meets modern players. stuart: absolutely blowout. one after another, new industries, new companies coming to market. i think it's fabulous. susan: snowflake is fantastic because if you look at the earnings, jumped 300%. retention is incredible.

some say of the stock deserves the valuation it's trading at. stuart: for those interested in buying a 10 year treasury bond, here's the interest, .88%, we have dropped way down. check the price of gold at 18.50 yesterday and we are 18.42 today. bitcoin has had a rally announced below $18000 a coin. oil, i predict it's 40-- no 46.70. awfully close to the highest level since march of this year. that indicates it economic comeback on the demand as we head into the new year. and delete audio joe biden appears to admit how damaging the defined the police movement was for democrats. listen to this. >> may have already labeled us as being defund the police because that's how they beat the living hell out

of us across the country saying we are talking about defending of the police. stuart: beat the living hell out of us, well, he has that right. it's friday, that means friday feedback. stick around for that. your questions may be answered and a lot of them all then. "varney & co." returns after this. ♪ it's been a tough year.

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stuart: senate majority leader mitch mcconnell just wrapping up his presentation to the u.s. senate. he's blaming democrats for delaying virus aid package. he blames by him. no real progress on when we will get a package yes or no, so the market

staying down. up 120 on the dow jones, 80 on the nasdaq. how about big tech come on those big tech stocks, please because they are facing regulatory crackdowns next year and i think it's beginning to affect their stock price. susan: he saw it with facebook this week, the cell down the last few days after the ftc and state attorney general sued and also google being sued by the doj a few months ago and wall street is trying to calculate and ballpark to its next. new line suits beings by a players. also, amazon and its conflict of interest with the marketplace operator and then making their own a private label goods. you saw the ceos hauled in front of congress this summer with their influence and how they may be killing off competition.

tech is watching how the facebook case goes because it sends a message to corporate america when you do something unprecedented like retroactively canceling acquisitions that were made eight or six years ago so how does corporate america feel safe when you spend billions and in some cases hundreds of billions buying companies, so that is permanent, the government won't break them up in the future so i think there must-- might be this twice shy amongst corporate companies to make these big accusations back acquisitions. susan: i think there may be money coming out of big tech as a rotational sort of things. susan: i think the selling we have seen has been to raise capital for the new unicorns that are debuting this week and next week with wish coming out. stuart: no one is talking about beating up microsoft. susan: microsoft had their moment in the sun.

profit-taking-- can i say that? stuart: yeah. our next guest takes a contrarian view on big tech saying facebook and amazon for example would be worth more if they were broken up. that man is a greg smith, frequent guest and he's back today. make you were contrarian case on big tech, please, greg. >> good morning. we have embraced a winner take all a commie awarding the spoils to fewer firms and fewer people and we have seen a growing call initially by the democrats and now by the doj, we saw stocks begin to decline wednesday with the news about a possible break up. i would guarantee that if we were to break up facebook at some parts would be far greater than the whole. how much do we think instagram, what's apple would be value if they were separately traded, so i think the actions will happen and i think the doj will be successful in breaking them up, i think it's on

heart-- it's hard to unring the bell and even looking back the acquisitions were made under the obama administration, so as a viewer of the industry i think it will be challenging, but as a shareholder if it were to happen i think it would create tremendous value for shareholders a. stuart: if i own a share of facebook and they are broken up in whatever way, do i get a little piece of all the parts? same with amazon, if they are broken up, do i get a piece of aws if a person invested in amazon? >> i think the antitrust rhetoric is probably a bit stronger on facebook with regards to instagram and what's then amazon. amazon may consider-- it would be a tremendously valuable company, but look at barry diller itc over the last year whether we match or its

expedia or tripadvisor, so if you were a holder of the stock you ended up with pieces in these other companies as they were spun out, so facebook might be preemptive and wake up and say we will spin out and that may shield them or reduce some of the angst and anger coming at them, but shareholders would have pieces of these different companies which would be far more valuable. stuart: big tech has taken a dip come and not huge, but they are down. is this a buying opportunity? would you greg smith by this dip? >> i would. look back every time there is negative news around facebook, for example. we all remember the big ad boycott of facebook this past july, the big all time boycott of the facebook. the stock dipped and i tell you with higher today than in july, so i look at this as a buying opportunity. facebook is not going

away and the upside is greater than the downside even if a breakup or to occur. stuart: great, thank you. we will see you again real soon, promise. elon musk always makes headlines. he is-- here is what he is saying, too many mbas are right-- mbas are running american companies. what will charles payne say to that? i ask him when he joins matt 11:00 a.m. you may remember when he wore socks that depicted cops as pigs. now he's keeping up with a left-wing coming, ben & jerry's as they unveil a new ice cream flavor. we will bring you the story, why not. ♪ ick days!

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that's g-o-l-o.com to find the answer to a new and better way to lose weight. stuart: by the way, the dow jones and s&p just hit session lows. we are down 100 on the dow jones, 60 on the nasdaq and 15 on the s&p, not that big of a selloff. are they up or down?

5%, why? susan: because apple may be working on their own cellular modem in the future meaning they don't need them anymore and apple represents run 11% of their sales and the reason why apple-- remember they bought up intel shipped this to send 2019 ended this is a something apple does. they are squashing them and also intel and their chips. stuart: you don't remember back in the 1990s-- susan: here we go. stuart: it was the spectacular stock. the thing went up $200 in a day. susan: well, that patents still hold. stuart: the ceo of draft kings says he expects to see hypergrowth as more states legalize a sports that he ashley, what is the main? ashley: how about 40 plus% growth next year even if no more states actually allow online

betting that year, which is unlikely. the sports of betting seen has seen a significant surgeon users in the third quarter with business at 34% year-over-year and on average more than a million monthly paying customers engage with draft king every month in the last quarter. some analysts have concerns over valuation, increasing competition as well as legalization, but so far at least 18 states now allow online gambling and more is expected to follow next year. stock is up 360% plus this year. stuart: how many stories have we had about stocks that go up 300% this year? thank you. ben & jerry's giving colin kaepernick his own ice cream flavor. watt-- what is the flavor and where the proceeds going, lauren? lauren: it vegan because colin kaepernick is it vegan.

five chips, gram cracker swirls and it's called "change the whirled". you can get it next year or where proceeds going fax to colin kaepernick's foundation called know your rights campaign and it's an anti- police organization. this is a quote, my hope is this partnership will amplify, defend and abolish the police and to invest in futures making us safer, stuart. stuart: didn't joe biden just say defund police, they got the hell beaten out of them, anyway still ahead tammy bruce, charles payne on "varney & co." right after this. ♪ trelegy for copd.

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hour, charles payne, will cain and yes, friday feedback. check the markets. we have been open, what, 30 minutes. we were thoroughly in the red earlier. now we are down 50 odd for the dow, 50 for the nasdaq, 13 for the s&p. disney, that's a real bright spot this morning. that stock is now up very close to 10%, $15 higher. that's an all-time record high and that price adds about 100 points to the dow industrials. without disney, we would be down a whole lot more. all right. 10:00, 10:01 eastern time. the latest read on consumer sentiment. susan: strong. 81.4 in the month of december as we are in the midst of the all-important holiday shopping period. that's even higher than what economists had forecast for the month of december. don't forget, these are december reads, real-time data on how confident american shoppers are feeling as they try to open their wallets and spend which drives 70% of the u.s. economy.

stuart: real-time. it's now and it's strong. i like to hear that. it's actually looking like it has a modest effect on the market, only down 20 points for the dow. jonathan hoenig back with us this friday morning. i don't know about consumer sentiment, it looks pretty strong to me, but most people i know, people are fatigued. they are depressed. you know? what about that? >> absolutely. stuart, my sense is they are shopping because they are depressed. people are depressed, they generally eat or they shop. this is a major story that not a lot of networks are talking about. a famous economist said economics studies what's seen and unseen. we talked about the terrible human cost, the deaths of covid, but what about the tremendous cost to the living? that's really serious. you talked about it. a third of americans now are showing clinical signs of depression or anxiety. that is double the normal amount. this is very real. and you know, we often talk about the destruction to the

economy, but stuart, what is the economy? in many cases, people's self-esteem, relationships, personal, social, education, all that has been disrupted by covid. that's exactly why you are seeing exactly what you identified, that major fatigue among americans in every socioeconomic level. stuart: if we don't get out of this fatigue for some time, what about the markets? will the market reflect this ongoing fatigue? >> well, the market's rallying thanks to a lot of companies that have helped us during this exact period. i mean, facebook, amazon, the big tech companies which ironically are in the cross-hairs of the federal government, both republicans and democrats here. that's the real risk to the market, you know, in my opinion, is now this antitrust lawsuit that could derail big tech, that could derail the economy and that could derail the market for sure. how i'm getting through it is making a bucket list. thanks to biotech and initiatives, thanks to brilliant scientists in many cases for-profit companies, we are

seeing a light at the end of the tunnel when it comes to covid. i'm making a bucket list of things i want to do in this great country, places i want to go once this pandemic is over. thanks to american entrepreneurship and innovation, it will be soon. stuart: what's number one on your bucket list? >> it's a little embarrassing but it's right in your hometown. it's two words. katz's deli. susan: wow. >> i always read about that famous pastrami sandwich. i'm finally going to go enjoy one when it's safe. maybe you and susan will join me. stuart: i'll buy. that is a promise. rarely delivered. hey, hoenig, you, sir, are all right. hope to see you again real soon. >> good weekend, buddy. stuart: now this. we are seeing the most glaring example of media bias in modern electoral history. i mean that. there's no doubt in my mind that it affected the election.

in october, the "new york post" revealed the hunter biden scandal, clear evidence of financial shenanigans involving china, big money and yes, members of the biden family. the media would not touch it. they even labeled it russian-inspired propaganda. reporters wouldn't ask questions. joe biden wouldn't answer anyway. when president trump brought up the scandal in his "60 minutes" interview, the interviewer, lesley staal, laughed in his face. watch this. >> he's in the midst of a scandal. >> he is not. he's not. no. come on. >> of course he is. it's the biggest -- second biggest scandal. the biggest scandal was when they spied on my campaign. they spied on my campaign. >> there's no real evidence of that. >> of course there is. it's all over the place. >> no. you know, this is "60 minutes" and we can't put on things we can't verify. >> you won't put it on because it's bad for biden. stuart: they never checked anyway, did they? now it's revealed there really

is or was and still is something there. several investigations detail a shocking degree of influence peddling at the highest level, kickbacks, expense account living on the chinese dime and the media didn't want you to know. they wanted biden to win and they knew the scandal was so deep and sordid that it would derail the biden campaign, and that, the trump haters would not allow. which leaves the man who expects to be the next president in deep trouble. how will he deal with china? they've clearly got something on him. there are records, photos, the video, how will he handle the investigations that are now swirling around? once president, he can claim executive privilege to avoid a subpoena, but the inauguration is 40 days away. think about that. a scandal hidden deliberately by the media blows up in public and joe biden and his family are right in the middle of it. he's about to name his attorney general.

will eehe appoint a cover-up a.? at the very least it's a dark cloud hovering and it is not going away, and all because the media kings and queens couldn't bring themselves to be truthful, to do their job, to be honest. they hated trump, they still hate him and in doing so, they have destroyed their credibility and really hurt their own guy. biden has a big problem. second hour of "varney & company" is about to begin. stuart: i just want you to listen to the media dismissing the hunter biden story just before the election. watch this. >> little bit about hunter biden. most of those charges unverified. >> whole smear on joe biden comes from the kremlin. >> peddling baseless conspiracy theories about joe biden and his son hunter. >> charges so heinous i'm not

even going to say them. stuart: i'm sorry, but that is really disgusting. tammy bruce however is smiling, thankfully. look, it's not going away. this is a dark cloud for this presidency that's about to be. >> well, it is. good morning, stu. it's also a dark cloud for the country because this was lying by omission. everybody read that "new york post" story about hunter biden that broke this. everyone knew that there was actual evidence, text messages, e-mails, a laptop that we knew the fbi had, a witness who had the laptop, this workman, where it was abandoned, so there was a whole lot of evidence. they knew what the situation was and you know what this is equivalent to, stuart, we watch the news for information that affects our lives so we can make decisions, including the sports reports and the weather. what would the american people think if the weather reporters

decided to lie to you if a hurricane was approaching because they had an interest that that would affect, that if they wanted something else to, let's say an event happened that they didn't want you to not go to in the event you knew there was a hurricane so they lied to you about a hurricane arriving. america, the world would be up at arms if that kind of thing, the fact of the matter was not, you know, told to us and people would die, businesses would be destroyed, the future would be unsure, everything would be uncertain. it's the same when you don't report facts of the matter regarding political events or cultural events. stuart: real fast -- >> for some reason, people think and the media thinks this is a completely acceptable way to proceed because they have a separate interest in mind and that destroys people's futures. it destroys businesses and our lives. stuart: okay. we've got these investigations ongoing. that's a very dark cloud.

what impact do you think it will have on the incoming administration? >> well, again, this depends on, you know, the media. they are now reporting this issue as though this is the first they've heard of it but we have now realized that it's difficult to prove a negative. the question becomes what are they not telling us that the "new york post" didn't see. tech of course censored the "new york post." twitter banned people from being able to share even the links. i think that what's really going to matter is independent journalism is the nature of our ability to have these conversations on fox business and fox news, and the options that people have when it comes to the consumption of news and information. facts matter, being able to report to you that a government it does not like matters and of course, holding the senate matters because when we talk about who will be the attorney general, who is going to be able to be confirmed. the american people holding

politicians to account, that we realize our involvement is imperative and so we are -- it's going to make a big difference who the attorney general is but of course, if biden is sent to the white house, he can pardon his son for any federal crimes and of course, he can protect himself in the process. i don't think that's what the american people had in mind. i don't think it's what they want. and the midterms are going to be another huge statement like they were this last election when it comes to who they are going to trust with this government and the biden administration, if that's what we have, is going to fail them massively. stuart: we are already talking about the next election cycle 23 months away but why not. tammy, thank you. see you soon. all right. let's get back to the market this morning. there's serious big-time movers up and down. susan: let's take a look at door dash since they came off the ipo debut the day before airbnb. we are coming off a little bit,

ever closer, well, still 75 higher than the offer price, $102 but who gets to buy in at $102? very few people. those that actually want it in the retail market like me and you, have to buy it at $170 plus. snowflake, another high-flying unicorn that went public this year, coming off because deutsche bank called it a $335 stock and downgraded from buy the hold. also downgrade for tesla this morning from jefferies saying maybe they won't execute successfully on models, a new battery tech and asana went public at the end of december, that was a direct listing, but it saw better sales and narrower losses in its earnings, but still coming off a little bit, as you see. stuart: to costco. i'm always interested in costco. very interesting store. their sales are really sharply higher but what i want to know, look at the stock, what i want to know, lauren, is what do most people, what are people spending

most on in costco? lauren: food appliances and home goods. they have a higher income shopper in general so they have taken their travel and entertainment budget and continue to redirect that to eating at home and buying stuff for the home. that helps costco report a 17% increase in their same store sales and 86% increase in online sales, which is having some delivery issues for the retailer. so they are now using instacart. you think of instacart as get my groceries delivered but costco is actually using them to deliver things like airpods and instapots, which is a home appliance. that's what's going on. stock is up 1.2%. stuart: it is at $377. my goodness me. that thing's done very very well. very interesting chart. pretty much straight up. look at home depot. that stock is up just a fraction, $264, your price. ash, they are expanding their line of, what, home decor at

home depot? what's that? ashley: yes, indeed. why not. as you know, home depot sells everything from power tools and hardware to kitchen sinks, but the company is making a significant push into home decor, expanding its online inventory to include items such as furniture, towels, even wine glasses. the recently launched hd home is aimed at consumers who are spending more time at home and want to redecorate as well as remodel. the company says sales of kids' furniture and office furniture are off the charts, unquote. both home depot and its largest competitor, lowe's, are now reporting record growth in online sales. no big surprise in this pandemic, with everyone at home wanting to make improvements. stuart: you got it. california's governor gavin newsom making a reversal on some of his draconian restrictions. we will tell you about what appears to be a bit of a flip-flop. and the future of food may

be row botbots. we will tell you about a company that's getting ready to open up with contactless service. first look at the companies on your screen. they have all had offices moving to plano, texas. what's so appealing about plano? we've got the mayor on the show to tell us. ♪

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santa, santa, you're on mute! just wanted to say thanks. thanks for believing. 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. stuart: still some red, not that much, a modest down day this friday, december 11th. i got that right. okay. look at amc. cinema people. way down. they say they could run out of

funds in january. they need at least $750 million to stay afloat in 2021. actually, it's up one cent. take a look at metlife. they sold their u.s. property and home insurance business to zurich insurance and its farmer exchange for close to $4 billion. it's still down 1.3%. on your screens right now, these are the companies that have one thing in common. what's that? they flocked to plano, texas. come in, please, harry larosiliere. i'm trying hard, your honor, to get it right. i think i did okay right there, right? >> actually, you nailed it pretty good. you're welcome to call me mayor harry. no problem. stuart: you're on, mayor harry. thanks for joining us. what kind of tax breaks did you have to give these companies? i know you've got low costs, a great educated work force. i got all of that. did you give them a tax break? >> so we use the toolbox

available to us within our economic development parameters, so we have incentives for creating jobs that we provide, you know, we have a metric per job basis. we also look at property taxes and things of that nature but really, all we want to do is partner with businesses and collaborate because we know businesses represent people that will join our community and be a vibrant part of our local economy. stuart: did it work financially? i mean, you are giving them breaks. they move in. does the increased revenue to the town, i take it there is increased revenue to the town when they move in, does that cancel out what you paid them to get there? is it a deal? >> well, sure, there's always economic benefit when you are adding more to your local economy and there's a ripple effect. there's housing, sales tax, travel, so that's why we have been able to have such a vibrant

economy throughout a difficult time. it's companies like you just showed come to plano because we have a safe city, great school district and then all those things are reasons why people live, work and play in the city and create revenue so that we can deliver the services and continue that upward cycle of prosperity. stuart: how many people you got in plano? >> so we are a population of just a little under 300,000 but the interesting thing about it is we are a major epicenter of employment in north texas. we have over 39 companies with over 500 employees, 17 with over 1,000 and five with over 3,000 employees residing in our city. so we are a major employment center. stuart: people from california, from new jersey, new york, businesses, are they the ones that's coming to plano? >> yeah, so we have a lot of traction -- reason to attract

folks from either coast. we are centrally located from a time standpoint so the ability to conduct business on either coast is much more conducive. we have dfw airport, one of the best airports in the country, that has a lot of international travel. we are about 20, 25 minutes away from dfw on a good day. there's a lot of reasons why texas is the choice but specifically, in texas, plano for sure. stuart: harry larosiliere, i think i got it. i got it. i'm trying, your honor. >> we are excited peloton is joining us. peloton is riding with us. we are riding with peloton. maybe we will have an online race some day, in a couple of months. stuart: you actually will not. your honor, thank you very much for joining us. we really appreciate it. see you soon. okay. i'm going to call this a contradiction from california's governor gavin newsom. tell us what's he saying?

i say it's a contradiction. what exactly is he saying? lauren: yeah. i'll say backtracking. he says, quote, mental health is physical health, telling people go outdoors, here's the tweet, go to a beach, take your kids to a playground, walk the dog. but he was criticized, what was it, seven months or so ago when he closed the beaches for overcrowding. last week, the state said playgrounds need to close in some areas, and they immediately faced backlash from parents so they reversed their ruling. we are seeing this change of heart, contradiction, whatever you want to call it, on the same day that the california surgeon general has warned of increased domestic violence, depression and substance abuse, because people are being told to stay at home. and it's a very limited way of life. stuart: it's about time these people started listening to us, you know. that really would be nice. lauren: yeah. stuart: yeah, okay. lauren: i agree with that, or

just maybe blanket the way you say something a little bit differently or you know, make excuses. like we closed the beaches at this time because this is what we knew and now we think this. stuart: i thought he issued a stay-at-home order for most of the state. now he's saying get outside and walk the dog. i don't get it. lauren, i've got to move on. show me the drug makers, glaxosmithkline, sanofi, they have announced a setback in their search for a vaccine. what happened? susan: they need to improve the shot's effectiveness when it comes to older folks. the company said that early trials showed the vaccine produced what they call insufficient immune responses in older adults. they expect the vaccine to be available maybe sometime in the fourth quarter of 2021, next year, but gsk and sanofi say the covid shot, you know, is going to be ready in the final month of next year when you have j & j still producing their one-shot vaccine, that should be available the first six months of next year, astrazeneca thought to be approved, very close, apparently. what about moderna and pfizer

and that's rolling out later on this month. so experts say we could have six vaccines available in the first three months of next year. stuart: six in the first three months. i think that's a success. susan: we'll see. stuart: coming up, it's called billionaire bunker. it's exclusive, obviously, and it just got some new and well-known residents. we will tell you about that. plus, the exodus out of high tax states, it's in full swing. we will show you more proof. coming up, we have the guy who is working on the second wave of vaccines. this is really important stuff. better vaccines than the ones now available. this guy is working on it. we'll be right back. ♪ oh humans.

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stuart: there's one company that says if you want help, looking to flee high tax states, come to us. that would be the conservative move company run by shapaul chau who is with us this morning. noi there i know there's an exodus and i

know it's been going on for much of the year, people coming out of california, coming out of the northeast. can you tell me if this exodus is really now speeding up to become a flood? is it really? >> so yes. however, there was a stall. once the virus hit in march, april, may, us and many companies were sort of dead in the water but there was a huge pickup and the exodus has increased about 1,000% beginning in the summer and it largely rests on the covid isolations and many people also seeing the rise in the streets. that has been the impetus for your large and midsize businesses. the big ones have been moving for quite some time. the mayor of plano talked about corporations moving to his state. just to give you an idea, as you know, you have musk who announced he's moving to california -- or texas. but if you look at the state of california, they used to have 12 auto manufacturing plants. now they are down to basically his. the aerospace industry is no longer there.

texas, florida, these other states are definitely picking up on this migration of businesses. it's not just corporations. it's mid and small businesses and middle class families that are making the move. stuart: you are essentially a realtor. you are operating a real estate company basically. that's what you do, right? >> yeah. we are a real estate company. we start small, largely helping people move out of california to texas four years ago, when we made the move. it's blown up to over 180 agents operating in 40 states moving folks largely from blue states to red states. what's interesting is we were initially only focused on families. what we found talking to so many families is many of them were small business owners. they are looking at moving to these other states so that's where now on our website, conservativemove.com, businesses can go sign up for consultation help about how to actually make that move as a mid to small size companies. it's the mom and pop, the bread and butter of america that are also making the move.

that is the big headline. stuart: this is changing the demographics of america. thanks for coming back to us. we appreciate the information. see you again soon. thank you. >> thank you, stuart. i appreciate your time. god bless. have a great rest of your day. stuart: thanks very much indeed. all right. a number of states tighten their restrictions overnight. run through the list, ashley. ashley: all right. let's begin in virginia, where governor ralph northam announced a curfew beginning monday lasting all the way through january 31st. social gatherings in virginia now limited to 10 people, down from the previous 25. and there's a universal mask mandate in virginia. people are already required to wear masks indoor and outdoor in public spaces but now, masks will be required in private spaces as well. not sure how that will be enforced. meanwhile, in maryland, baltimore is closing all dining of restaurants in the city effective 5:00 p.m. today. the new order also caps capacity

for retail, religious institutions, gyms, malls and museums at just 25%. baltimore's positivity rate currently stands at 7.3%. and in pennsylvania, governor tom wolf calls the situation there dire. starting tomorrow, restaurants will not be allowed to offer indoor service, but outdoor seating and takeout still permitted. business also being temporarily suspended for other indoor facilities such as theaters, museums, movies, casinos, gyms, while retailers can still operate at 50% capacity. indoor gatherings also limited to no more than ten people. these new rules remain in effect through january 4th. that's just three states or you know, three areas that are seeing that -- those covid restrictions tighten and tighten. stuart: right before christmas. how about that. thanks, ash. now, san francisco, like many cities, has been hard-hit by all the closures and by the

pandemic, obviously. i understand we've got a number on how many restaurants in san francisco have closed for good. lauren, what's the number? lauren: 85% of the restaurants and bars in san francisco's key districts like the market and financial district seem to be shut, looking at credit card transactions. there's no lunch crowd, people are working from home, no tourism. one local business owner described it to the local paper as decimated and watching the crumble happen. the worry is things get worse before they get better, then you can't return to normal because things have changed too much. the character, we talk about this in new york city a lot, the character is lost. whether you like san francisco or not, when things change for so long and businesses shut down for good, can you get that back? stuart: yeah. good question. can you get it back. there's all kinds of problems with these restrictions. for example, there's another one, for example, you might be able to open one side of the street but the other side of the street is closed.

kristina partsinevelos is in port chester, new york where exactly that is happening. tell me more, kristina. reporter: well, you have law makers scrambling to close down businesses for a second time in nine months, stu, but what's happening here in new york is they are creating containment zones. i'm in port chester, about an hour outside of manhattan. it is an orange zone. in the orange zone, businesses deemed risky or non-essential have to shut down like gyms and salons, including the bloom hair salon right behind me. i spoke to the owner who is really quite frustrated because he's been closed for almost a month but literally three blocks away is connecticut and you can just drive to another salon that's open. listen to what he has to say. >> -- behind us here in ryebrook, rye, harrison, they are operating as usual indicating that it is safe to get a haircut there but not safe here. they can just go down the street and get their services. reporter: stu, it's frustrating

for a lot of business owners and it's a situation we are seeing across the country. take, for example, the border between virginia and tennessee. there's literally a street with businesses, half the street operates like normal, the other half has to have restrictions. you can understand why small business owners across the country could face a bleak winter with restrictions and dwindling customers. that means it's going to be all about survival in the coming months. back to you. stuart: you got it. thanks very much indeed. well, now, listen to this. one of joe biden's top covid advisers says we need to cancel christmas. roll tape. >> i don't care if i'm accused of being the grinch that stole christmas, but you know what, no christmas parties. there is not a safe christmas party in this country right now. stuart: really. well, will cain, he's on the show, he will sound off on that. he's coming up later. and the price of liquor go up. there's a key tax break that will expire at the end of this month. maybe distillers will pass the cost to you.

don't know. grady trimble is going to join us live from a distillery. why not. after this. ♪ to all the businesses that helped us

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stuart: as we always say, check the markets and here we are. some red ink there but not much. dow is down 50, nasdaq is down 45. that is not a big selloff. but this is a big purchase. mass mutual, an insurance company, for heaven's sakes, made a big purchase of bitcoin. hold on, susan. how much did they buy and why? susan: $100 million, right. that's a small investment, actually, for mass mutual which has $235 billion in assets but if you think about it, mass mutual is buying their bitcoin through another old insurance company, 170-year-old insurance company right here in new york.

it's a traditional, you think about traditional plays at fidelity, jpmorgan also expanding their bitcoin offerings, not just the millenial buyers or silicon valley, that's the reason why we have bitcoin crossing through record highs this year. stuart: $18,000 now. was $20,000 not too long ago. susan: close to $20,000 a few weeks ago. stuart: that's right. bitcoin down $350, $18,000 per coin. dow is down 60. here's another one. i think this is for you. senators hawley and sanders teaming up again for -- they want another round of stimulus checks. susan: they are holding everything up because of this. this is revolt. they are trying to jam in the $1200 checks to americans who make less than $75,000 and really, it's an unusual alliance between a conservative and an ultra-liberal politician but yes, they are teaming up to try to get these checks first on to the continuing resolution government funding bill or maybe the stimulus bill that's attached but whatever, they want this language in whatever is agreed to next friday or by next friday. stuart: got that.

thanks very much. thank you, susan. and aoc is back, doing her best to keep the green new deal alive. lauren, come into this. what is she saying? lauren: okay. so she was asked by a fox news reporter what does a smaller house majority mean for the green new deal and this is her answer. i quote. so a lot of republicans don't know that they have voted for a green new deal language but they have, okay. i'm scratching my head. she's saying you know, parts of it have passed in other legislation. i don't know which parts, maybe you do. and then i don't know how that answer actually answers the reporter's question. the slimmer house majority. they are likely to have 222 out of 435 seats in the next congress. look, joe biden supports parts of or the general idea of a green new deal, but not the green new deal even though climate is a big part of his cabinet, as he picks it. stuart: sounds like desperation to me.

they've got a very very narrow majority in the house, the democrats, and they might not get the senate. i don't see no green new deal. but that's just me. thank you, lauren. a new tax on distilleries could make liquor more expensive. yeah, it could. grady trimble is at a distillery in evanston, illinois. tell me the story. reporter: yeah, stu, a lot of these craft distilli ieeries do make as much as the big guys. they got a big tax cut in 2017 when the tax cut act passed. right now they are paying $2.70 for every six bottles they produce but that could go way up if congress doesn't act and they could be paying a lot more, about $13.50 for every six bottles. so congress can act and they can stop this from happening to protect jobs for people who work in the distillery industry. paul is the owner of this distillery. what are you dealing with right now, and why are you pushing congress to make a decision?

>> it's really tough. we had the tax break a couple years ago, it was really instrumental in us being able to grow. we were able to hire more people, we have more employees, we moved all of our glass purchasing from overseas to america, and now we are facing an uncertain future where we don't understand what our taxes are going to be as soon as in two weeks. reporter: this break expires at the end of this year, then you get jacked back up to the old rate. how would that affect you? long-term, the customers might pay more. short-term, how does that impact your business? >> short-termination it hard for us to plan because we don't know how many people we can afford to employ or how much we can afford to produce. we don't know what we can do to continue buying american glass. there's a lot of uncertainty. one thing that businesses really thrive on is as much certainty as you can get. our number one cost is taxes. that's our number one thing that we spend money on. so if i don't understand what my number one expense is going to be, it's very hard for me to know how many people i can employ, how much american grain can i purchase, how much american glass can we buy, how

many american truckers can we hire to move stouour stuff arou the country. reporter: we wish you the best of luck. the deadline, like we said, couple weeks from now so something to pay attention to, as everything in d.c. is overshadowed right now by coronavirus aid, this is something distilleries, breweries and wineries around the country are paying close attention to. stuart: or buy your liquor by the end of the year. thank you very much indeed. i'm sure a lot of people do that anyway. why not. come on. okay. that's the market. i want to see airbnb. the stock of the day yesterday, obviously. look at that, susan, have you seen that? it's up again this morning, up. susan: well, it opened at around $147 or so, $144, but that is more than double, of course, the offer price and it just shows how much retail mom and pop individual robinhood traders that want to get into a company they recognize and that they say that. airbnb's spectacular debut has made the three founders even

richer, not that they need the money. if you look at it, one is worth $11.5 billion, two are worth over $10 billion. these are three 20-year-olds sharing an apartment together in san francisco, thinking about an idea with air mattresses and letting people sleep on your couch for a fee each night. which a lot of people said at the time i'm not sure that's a good idea. now they turned it into a $100 billion idea. isn't the american dream and capitalism great. stuart: the good thing is they are the founders and they held on to a lot of their stock. susan: that's right. that's true. stuart: a lot of people have to give it away because they need the money. susan: to raise cash. stuart: they didn't. susan: but also, it's interesting how we talked to one venture capitalist says they are staying in, not selling at all. stuart: interesting. that place may have somewhere to go. listen to this. important. a second wave of vaccines under way and our next guest is in the middle of it. he says this next group of vaccines will be even better than the ones we've got now. i'm going to talk to him about this, because that's important.

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stuart: yes, new vaccines are getting approval, and even newer vaccines are already in development. peter reiten-smith is the ceo of oxford immunotech and peter is working directly with this second wave of vaccines. peter, without going into the technicalities, can you tell me if these new vaccines, the second wave, will be better than the ones that have just been approved? >> well, thank you for having me. it's a great pleasure to talk about this. these are really exciting times. we've got all these vaccine companies working at breakneck speed to bring new vaccines to the market all based on different approaches. you have some trying to target the antibody side of your immune system and we have a lot of newer companies trying to target

this t-cell side of the immune system. what we really need to figure out is which of these vaccines is going to work best in certain types of people, thus triggering say a t-cell response lead to a more durable response and in order to do that, we need a standardized, easy way of measuring t-cells. that's really where we come in. stuart: that would be an improvement, i take it. so when do you think we might get this improvement in the marketplace? >> yeah, so, you know, you have heard a lot about antibodies and antibodies tests have been around for awhile but they are only half of the immune system. the reason the t-cells are just as important but haven't been out there, they are much more difficult to measure. that's a problem we have devoted the last 18 years trying to solve, to sfubuccessfully get a t-cell testing technology out there that can be used in routine clinical use. we have done that, over 20 million of our tests are now out there in the world for another

testing, to diagnose another severe respiratory disease, tb, so when covid came, we made our technology available as a standardized tool for assessing t-cell response to help us figure out what's really triggering immune response and how does that equate to immunity. stuart: this is fascinating. i think i can follow it but you are making a lot of sense, peter, and that's a big deal over here. now, you are on the uk task force, the covid task force. real fast question. are you meeting any resistance in britain to people actually getting the jab? >> no, we're not. i mean, obviously any new medical innovation, there's always concern about it, but we have very professional regulators, the fda in the u.s., the equivalent over in the uk, and they have made the decision that these vaccines are absolutely in the public interest. but that doesn't mean there aren't a lot of questions still to answer, you know.

we need to figure out things like do some vaccines work best in some people, is the safety profile different in other people. even when we vote on vaccine, how long are these vaccines going to last and in order to figure out those questions, we are going to need a way of measuring the immune response to the vaccines, and which kind of immune response that is and that's where we are really focused. stuart: i just hope that when the queen gets her shot, that will encourage others to do so likewise. peter, thanks for joining us. we do appreciate it, sir. thank you. >> thank you. stuart: sure thing. still ahead, big show. charles payne, will cain and more. i say it's been a great news week. we all needed that, didn't we? that's the theme of my take, which is next. ♪

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prevagen. healthier brain. better life. this be what. >> we've embraced and a winner take all economy. i guarantee you if we were to break up facebook some of the parts would be far greater than the whole. >> i never liked the ridiculous speculation. it's late stage and a late in the markets. >> there's a problem with the pricing mechanism but overall these are great companies that are revenue positive and headed towards profitability and that is why you see the kind of reaction that you do once i hit the market. >> this is a great day for america because operation warp

speed is proceeding. were talking getting to 100 million by february and we think there will be shipments happening over the weekend and that we could have shots in arms as soon as monday. >> this is the light at the end of the tunnel. this will be the heard humidity and lead to open society and defeat the virus. ♪ stuart: i don't know the song or the singer but there you go. susan: dynamite, teo cruz. stuart: good rhythm. it is 11:01 eastern time, friday, december 11. as we close out the week you can see that the market is a little bit in the red and the nasdaq is down about half a percentage point, not that bad but a little red arrows right there. you better look at disney. it's an all-time high and had a blockbuster investors day yesterday in streaming and doing

really well with a huge production for the future. that again for disney right now because disney is at dow stock and adds 130 points to the dow industrial so if it wasn't for disney we really would be way down there but there you go, now this,. we've invited our viewers to sit back and watch history and hope you are with us this week because history was made. it was vaccine week and pfizer gets the green light, inoculations begin and from the first outbreak to the first injection ten months, that is medical history. give credit to president trump. he pulled it off and galvanized the scientific immunity, cut the red tape and brought a vaccine out at warp speed. he had to endure the governor of new york, andrew cuomo, threatening to delay the vaccine because he didn't trust the president. trump hatred does untold damage but on this trump came through.

what a week it was in money, new companies, new industries hit the market and investors poured in big money, big time, door dash just a few years old and almost doubled on its first day. it's a food delivery company now worth tens of billions of dollars. air b&b more than doubled and worth 100 billion and revolutionized the travel business and worth more than marriott, hilton and hyatt hotels combined. see 38 i went public yesterday, never heard of it? probably not but it is a ai artificial intelligence company and the stock doubled on day one. clearly there is an appetite for new technologies when there is a chance to invest in them. i think it was a good newsweek which we needed a national mood is highly celebratory even though the holidays are upon us. we are fatigued and bored but the vaccine which arrived this week offers real hope, this thing could be gone soon. all that money going into new

forward-looking companies shows confidence in the future. ignore the whining socialists. this is america. the third hour of "varney & co." is about to begin. ♪ stuart: where is it? there he is great you are on charles, wake up you are on. [laughter] i want to talk to you about ipos turning into instant billionaires. real froth. you are one of the great investors of this world and you're doing very well so when you look at these ipos, what do you think? >> there are a lot of things that go through my head but not the billionaire parts. it's the roots of it all. you know, the american dream was on full display this week. think about for instance with door dash, you have this kid who

comes here from china with his mom and she's got a medical degree but not reckon i so she does menial jobs. part of those jobs is being a waitress. he gets to learn about the restaurant industry from the lowest parts of it and the waiters and the cooks and you know, everybody and then later on in college him and friends are trying to figure out what parts of the economy can we make some money and they realize outside of new york city it is not a big deal or been penetrated and takes all of these things and put them together and now he's a billionaire. that's what i love, stuart. take air b&b and i shared the story seven or nine years ago and it was a long time ago and two guys in silicon valley did not making as much money as i thought, sharing an apartment and need to make some cash. they decide to rent out the apartment and that was the genesis of air b&b. where did they get the money after that? they said this could be a venture so it was in the middle of the election between barack

obama and senator mccain so they took the idea and made limited edition cereal boxes and i think it was captain mccain and obama crunch. it made thousands of dollars as the seed money for now a business that is worth aliens and tens of billions of dollars. i love the idea that people can take these small ideas that come from the toughest backgrounds, let them germinate, look into them, take risks and grow them into multibillion-dollar businesses because it should inspire all of us to do the same thing. stuart: absolutely it does. don't listen to the socialists and i know you don't good anyway, look. next one, tesla ceo elon musk is taking corporate america to task. hold on one second, charles britt listen to this please. roll it. >> i think there might be too many mbas and ranking companies. when i have spent too much time and a conference room that's

when things go awry for it when i spent time the factory floor that's when i use the cars and thinking about the rockets that is when the best things have gone better. stuart: interesting, too many mbas running american business. do you agree? >> i agree 1000%. we just started this segment talking about innovation and hear our young folks and many often did not even finish college grade steve jobs did not finish college, michael dell got his idea for intel in college where they hire mbas to make sure the business run smoothly but for terms of these ideas that you get great ideas from anywhere or from anyone and i think some of these larger businesses fail in one of the reasons why creative disruption still exists is that they ultimately lead the way they form these businesses and ends up giving into the nba's to run and they run it in a certain way that is ultimately often loses touch with the common man and common woman.

stuart: yeah, one last one, real fast. do you think that the too many investors, too many wall street firms who are too bullish? >> i don't know. that whole contrary and thing, here is the danger of talking about stuff like that. guessing the top -- do you know how many people have guessed the market top now and it keeps going and are gone over stocks over again and it's tough, stuart when you sell a stock at a hundred dollars and then a year later it's 200 al out of a hunch that was running too fast. i just question folks out there, look longer term. as long as you own these great companies that remain committed to staying great i thank you will be okay. stuart: got it. charles, i will be watching you at 2:00 o'clock this afternoon and the show is "making money" with charles payne on this network, foxbusiness. we will be watching for you. thanks, charles. see you soon.

>> thank you, stuart. stuart: show me pfizer, that covid vaccine will be authorized by the fda, lauren, how soon is it actually available? what do you got? >> monday. it might be another monday of good vaccine news. stuart: the truck is loaded with the doses of vaccine's radar the planes loaded with the doses of the vaccine? are they rolling or taking off? are we doing it? >> we are doing it. stuart, we anticipate the fda finally issuing the authorization and they've already given the signal and that means we think there will be shipments happening over the weekend and that we could have shots and arms as soon as monday. that is extraordinary news for america. >> good job, stuart getting that news from the white house. what we know is fda advisory panel has greenlighted the vaccine voting 17-four and a blessing likely means, as you just heard, fda will give it the okay for emergency use as early as tonight. it is not tonight, possibly this

weekend which means the shipments start and jabs in the arm monday, likely for healthcare workers first. stuart: it is interesting that the word jab that comes from britain has made it over here. i hear people saying are you getting your jab? >> it's easier. stuart: it is actually and descriptive. [laughter] lauren, thank you. show me at walmart. how are they helping fight the virus? can you get your jab in walmart, ashley? >> vaccine jab in aisle three. walmart says it is making preparations to provide the covid vaccine once it is of course, approved in the u.s. company say it's in a unique situation to help people in hard-to-reach areas of the country because 90% of the population lives within 10 miles of a walmart. the company is quick to point out that it will have no say on who can receive the vaccine. it is up to the individual

states to decide who gets the first dosage. walmart says there are also major it has enough freezers and dry ice for storing the vaccine and also working with states on administrating the vaccine, including added pharmacies or in long-term care facilities it needed paired by the way, just announced this morning cbs's says nursing home residents could receive moderna vaccines as soon as december 28. stuart: yeah, that's a low -- you don't have to be supercold for moderna's vaccine but an ordinary refrigerator. advantage of their bread ashley, thank you. i move on to the airlines. mostly on the downside and i think they've got a down. susan: industry downgrade and deutsche bank so american airlines worth $20, delta is worth $47, united worth $56 according to deutsche bank and dutch blue is 15, so deutsche bank says they could do better

if travel returns after vaccines are widely disputed. downside they said could be rising covid cases but don't level off for most of next year and think about the lag in recovery and possible spikes in jetblue prices. stuart: would you offer an opinion? do you think air travel would not return to normal but will he picks up strongly in the spring and summer when we got the vaccine being ejected? susan: as all things go well, we know we don't get hurt immunity until the summer months of next year and i would imagine that maybe the fall and i would say the holiday next year might be the time when more people take off. stuart: got you. thank you, susan prayed new leaked audio appears to show joe biden blaming the defund the police movement for democratic losses in november. we play it for you and it's quite dramatic. one of biden's advisers is comparing himself to the christmas villain. you've got to watch this, folks.

roll it. >> the grand. [screaming] stuart: i thought we would play the soundbite from the guy who said don't call me the grinch who stole christmas. we will play that later on. is it time to cancel holiday plans? will cane ways in next. ♪ ♪ for members like martin. an air force veteran made of doing what's right, not what's easy. so when a hailstorm hit, usaa reached out before he could even inspect the damage. that's how you do it right. usaa insurance is made just the way martin's family needs it with hassle-free claims, he got paid before his neighbor even got started. because doing right by our members, that's what's right. usaa. what you're made of,

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to change policing, which i promise you will occur, promise you. just think to yourself giving advice on whether we should do that before january 5 because that is how they beat the living hell out of us across the country, saying that we are talking about defunding the police. we are not. we are talking about holding them accountable. stuart: that is how they beat the living hell out of us. tell us how it is but he's blaming the defund the police movement for sweeping losses in november. hillary is with us from wilmington, delaware. hillary, where it is a biden demonstration stand on cutting police budgets? >> stuart, president-elect joe biden says he does not want to defund the police but is willing to hold funding hostage unless police departments adopt certain reforms. part of his plant with condition $20 billion in federal grant money on police departments if they don't take steps to reduce incarceration rates without

impacting public safety and create an oversight commission to look at police departments de-escalation practices and what comes out of that could mean police department's are forced to adopt reforms if they want access to federal funds. the biden campaign is reacting to that leaked audio you played it saying this, president-elect biden is the same person behind closed doors that he is in public as he made clear throughout the campaign and he believes in supporting bold and urgent reform in our criminal justice system and biden is getting pressure to make sure his pick for attorney general is someone who will follow through on his promise to overhaul police departments in the country with major changes but is careful to stop short of defunding. he has to to satisfy the million of democratic party that supported the defund the police movement and also black lives matter whose founder wrote the transition team a letter last month saying they want something for their vote in "the wall street journal" is reporting who is on the shortlist right now

for attorney general that includes former deputy ag sally gates outgoing senator doug jones and former massachusetts governor patrick who the naacp president said this week, biden's ag pic needs a criminal justice background and said he likes the idea of patrick but also floated the name tony west was the chief legal counsel right now fort uber. stuart. stuart: i think joe biden is stuck in the middle and does not know what to do. thank you, hilary. one of biden's top virus advisors says cancel christmas. watch this. >> i don't care if i'm accused of being the grinch stole christmas but you know what, i want you to be around for next christmas and a christmas after that. no christmas parties. there is not a safe christmas party in this country right now. stuart: i will won't make the gas that will cain is shaking his head right now. you're smiling big but we see a holiday revolt when we see this going on? >> i thank you will see a holiday pushback but better yet,

a balancing of the interest. here's what i mean. i'm not that offended by what the doctor had to stay right there appeared he's an infectious disease expert and epidemiologist and a singular job at his job is to try to stop the spread of covid-19. it's not unlike doctor anthony fauci but the point is, america and politicians, are supposed to do with competing interests. for example, we don't elect epidemiologists or hand over the reins to epidemiologists at a moment like this because we have to balance economic interests, lockdowns, economic shutdowns, mental health problems against covid-19. that is what we have mayors and governors and president trump to do, balance those interests when it comes to christmas we listen to somebody like the doctor who weighed the risk of covid-19 and we balance that against the interests of our families and our risk tolerance and what we insist on doing in terms of holding up our traditions. my point is this, stuart. we just don't hand over our family decisions to our

government over to infectious disease experts. we wait in their advice, families and politicians to do the same. stuart: and we should remember the damage done to families and ordinary individuals by continuing lockdowns. whether it is depression, alcoholism, you name it, you've got to balance that side of it as well. let me move on, will. we don't have you for very long and want to make the most of you, you know how it is. the media downplayed hunter biden scandal before the election and i know you seen this before so watch this again. roll tape. >> charges so heinous i'm not even going to say them. >> talking about biden's personal corruption and a little bit about hunter biden. >> most of those charges unverified. stuart: alright, here is -- well, he is facing a federal investigation now. i think the media stands at absolute disgrace but what say you? >> i don't know how we overstate this stuart. this is an absolute travesty. this is not just hypocrisy and

not good enough to just go oak, here's the media hypocritical one moment. they said in october and not what they're willing to admit in december, this is manipulation and voter suppression. this is true the suppression breed this is an absolute, not just abdication of your job but a revealing of the fact that you in fact are not doing your job. you're not interested in the truth. interested in manipulating the way people think bird they told us, not only from the clip you just showed us, that it was inaccurate or fake news but they told us it was russian disinformation and now here we are to ones later and it's quite obviously true. this is media working for a stated purpose to undermine the truth so you will vote in the way they want you to. this is, i don't know what the word is stuart. i don't think it can be overstated but simply lies upon lies upon lies. stuart: how about disgrace and they will never get the reputation back, if they ever had in the first place. let's brighten up, will be great to have you on the show and i'll watch you on the

weekend on fox and friends. appreciate it. celebrities, i don't know who but there are celebrities joining the high tax state exodus bird they are leaving. susan, who is doing it and who is leaving and where are they going? susan: they are going to florida, not exactly your next-door neighbors but close in miami at indian creek island better known as billionaires bunker. tom brady and supermodel wife are spending $70 million for the exclusive address and that is half the price that jared kushner and eve anke trump paid for for their house. jared any bongo's been around $31 million for a plot of land on star island and 13 for police as well as marine guards in the future. indian creek is 29 residents and apparently j lo, a ride plopping down 40 million and right next-door you have other supermodels and billionaires as well and this is part of that high tax accidents. what self-respecting billionaire

are you to not get a plot of land on islands right next to those celebs? stuart: if i was a billionaire i might answer your question bird i love this. i think it's an absolute privilege to be sitting here on fox in the middle of the most extraordinary year for news that we've ever seen. susan: in the bunker? stuart: i'm staying bird thank you, susan. south korea was once hailed as a shining star of virus control. not now, cases are back on the rise so what happened? what changed? i've got an opinion on that coming up for you. take a look at this, robots taking over as fry cooks at a brand-new chain of restaurants. the owner says there is no human contact involved. is this the restaurant of the future? i will ask him third hour of varney rolling on. ♪

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the shining stars of virus control and they locked it down and they did serious contact tracing and brought the caseload down to just a couple of day but the virus is back. more cases now than any time since february. what happened? virus fatigue. lockdown fatigue. yet the authorities could not stop young people from getting together. that is what young people do. they mingle and it is what human beings do the world over. they socialize. what are the koreans do we now? there is no mask estate home order and they don't want to kill the economy but no, they are ramping up their free rapid testing program and putting mobile test centers wherever people might congregate. what a contrast with some of the states over here. businesses sparely made in cash to and these lockdowns when restaurant decided instead of serving tacos they would serve covid tests. jeff locke is in chicago with the story. what you have, jeff?

reporter: what an incredible story this is, stuart. this is typically all decorated for christmas, by the way, because they were told by the governor they would be able to open by christmas but they didn't and i tell you sam sanchez who owns moz and other restaurants you are fighting anyway you can. >> yes, we've come out with the idea doing the covid testing and what were doing right here. reporter: this is what looks like, stuart prayed they got instead of tables booth set up and they got technicians who are doing the swabs and, you are charging $135 a test and get a rapid result? preferably so, it's for people who need to go back to work or want to feel comfortable going to their parents and grandparents. reporter: here's the other thing he's doing, i know were short on time but this is incredible, in addition to the testing which any money you make from that, by the way, goes toward rent. >> rent and bring back some of our employees that worked. people are having a hard time

and need to make a living. we bought the machine and have another machine coming and selling masks. reporter: this is what would typically be the kitchen but he wants to keep his people working so he bought a basic mask machine and selling facemasks. how many had a? >> 40,000 a day and were looking to do 100,000 by next week but this room we use to have a live band perform here. we converted the restaurant. reporter: incredible exterior spirit, stuart. >> we are trying bird we are trying to survive and want to survive and once they let us open we will go back to the restaurant business. reporter: incredible. what you think? stuart: i think that's terrific and exactly the right -- there is a man using brains and gumption and i think it's terrific. give him our congratulations, jeff. i think he's all right. reporter: i will do that. stuart: thank you, jeff. on your screen along the same lines, that is the robot preparing dumplings with no help on the humans. dan rowe is the ceo of trans

marks and dan, this is a robot that your route new restaurant in brooklyn and the brooklyn dumpling shop. is there really absolutely no human contact at all? as our customers demand? no human contact. >> in this case, this concept is new and different in exactly that. it is the front end of automation and digitization. customers are feeling -- they need to feel safe and smart using a concept. here customers will order their dumplings on the phone, walk into the restaurant, go to the automat, waive their barcode and the automat opens up and they take their food. they talk to nobody, they touch nobody. it's safe. stuart: suppose we get the vaccine and by next spring or summer the people are moving back to almost normality, will they still go to the brooklyn dumpling store with no human contact at all? >> i think so. these w's are delicious.

they came from the brooklyn chophouse the 10 million-dollar steakhouse where the most popular appetizers are these dumplings. they got traditional dumplings but then also stuff like cheeseburger dumplings and they are wildly successful. i think that what will happen as soon as people go back to normal people will come in. there is eating inside the restaurants we have seating in the restaurant but it's basically designed for dine in, carry out and all of the third-party delivery. stuart: now, i know you got a deal and you got a new franchise operation with john tapper who is a good friend of this program and i know you will be opening bars. this is a strange time to open bars but have you got any of this no human contact in the bars you are opening? >> so, john is a genius, as you know. he created this for labia long covid but the idea really is a full-service, casual has been a liberator rated in the last dining and he figured out a new

model anyway to build high-volume restaurants that are in smaller square feet and fewer employees and it's just tons of food technology and we are already opening up in atlanta and even with all the restrictions the volume is crazy. it is not completely human and touchless but about half the number of employees on every shift but really good sales, lightning fast food and everything is right 100% of the time. even his drink program like i love old-fashioned. his old fashion is different than anything i've ever seen and tastes better than any old-fashioned i've ever had. it makes you want to go back for it i think right now is the right time to come in. you still got. among people in america that wake up every day hungry and they will go eat somewhere but 30% of the restaurants are closed and so people are looking for a place to go and want something that is new but they also want something that is where they feel smart using it and so that is what john has

created. customers vote with their wallets and his restaurants do well. stuart: move with the times, both of you doing just that. dan, good to see you, thanks for coming by and come back again and i want to know how the brooklyn dumpling store is doing. >> my pleasure but thank you for having me. stuart: look at disney. i think the stock is still way up, yes it is, 14% higher and the made a lot of headlines and their investor date event yesterday. it's all about streaming. lauren, tell me more. >> it is and that is how they are making that money. 87 million subscribers and they plan to triple that by 2024. if you think about this in five years disney did what took netflix 13 years to do and i just checked netflix dock and it's not a little today. with the success that disney is seen they are spending more money on content. $60 million for at least 100 new shows a year, including the fifth and final indiana jones

movie with harrison ford, 41 years after the original. plus ten new "star wars", ten new marvel movies and prices go up so if you are a disney plus member you will pay one dollar more starting at the end of march we went my goodness me. who saw that? 14% again. i certainly didn't. thank you, lauren's back when their parks are closed and every thing else, exactly. stuart: cruises, parks, down but streaming is up. as the holiday season kicks off some airports allow offering on-site virus testing but can you get your results before it is time to board? we got a lab report on that from fort lauderdale, florida. the airport there, coming up. miami bring back of nightly curfew is a virus cases surge. this time officials say they will enforce the rules because does that mean -- what does that mean it really? will people revolt against this? this is miami we are talking about. we'll be back. ♪

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stuart: with the holiday travel season ramping up some airports are offering on-site testing. bill keaton at fort lauderdale airport in florida. all right, you take the test so when do you get the results? reporter: depends on which test you get. one is in 30 minutes, the other takes two days but the holiday travel season is underway here. health experts worry it will only lead to more covid spread. for passengers who plan to fly could be day of or a week away all you've got to do is come in here to find out if they can travel and arrive and prove a negative. fort lauderdale hollywood airport has on site testing

joining tampa and orlando is coming soon. rapid antigen test and a pcr saliva test. right now all the anticipation is on the backseat. fda emergency authorization for the pfizer vaccine could come any day after an advisory panel yesterday recommended it be done. only five florida hospitals will be getting the first round of vaccines in miami jackson health system being one. they got the deep freezers ready to hold vaccine but eventually will beat the pandemic it is for them major challenge. [inaudible conversations] reporter: late yesterday governor in a pretaped announcement said in one week

before the first week will be nearly 180,000 doses to be delivered. that is nearly 100,000 going to select hospitals and about 80,000 for the elderly, including strike teams delivering vaccines to long-term care facilities. practically every state seen a surge of cases right now and yesterday florida saw its highest daily new positive case gap sends the summer surge on july 25 bringing the states known total to about 1 million and that is the biggest rise in one day in foreign half months. could be related to the travel season that the experts were warning about. back to you. stuart: thank you so much. i'm state of florida and looking out at miami in that city will start enforcing a midnight curfew this weekend. virus cases are climbing. carlos gimenez, formerly miami-dade mayor and florida congressman elect. your honor, i'm not quite sure what the official title is but i

will call you both. if sir, what happens if a bunch of youngsters gathers on the beach after midnight or of couple walking down the street at 1:00 o'clock in the morning, will you go so far as to arrest them? >> i won't be because i'm not the mayor of miami-dade anymore but miami-dade is a ideal place for months and it hasn't been that strong arm tactics but just a minute people there is a curfew. we're trying to tell people that it's not a good thing to be gathering and dancing and drinking after midnight because we want to keep the infection rates down so miami dade has had this curfew in effect for months in the city of miami which is a small part of miami-dade about 15% of it they'd started to not enforce it but now they've changed course and said they will enforce it so i don't expect much anything different to happen now then what has been

transpiring here for months. stuart: in south korea they found that they will just start youngsters getting together and they virtually eradicated the virus and then back it came in a back to almost record levels. i see your problem but i don't know whether this will work. what do you do? you impose a curfew and you enforce it until such time as the case level starts to come down? >> that is what you want to do but also you want to, most people are law-abiding and it's no measure that you take will be 100% so most people are law-abiding and abide by the curfew and you have fewer of those gatherings and then you have fewer instances where the virus is going to spread we are seeing a spike. good news though is just like what happened in july we never a seed but never expect to see our medical keep up a bill here in miami-dade county so that's why be unable to keep the number of deaths down, even though it's a

highest and the state of florida we also have the highest population here. and so, it's a measured approach and not heavy-handed and those are here to guide law-abiding citizens to do the right thing and where your mask and keep your distance, wash your hands and, you know, go home before midnight but there hasn't been arrests or anything concerning the curfew since they went into affects months ago. stuart: congressman elect, your honor, thank you for being with us. hope to see you again. new report says people will spend less on the holidays this year and how much less, lauren? >> not a lot, 4%. it is by a lot of people. a new survey on spi consulting say a third of the shoppers will spend somewhat or significantly less this holiday season but only 15% are splurging and about the same percentage will owned

by something and 60% off. it is 2020 and i don't think we will know how anybody spends until all the numbers aren't because this year has divide all expectations but a lot of people are nervous about the downturn in the new year and might be spending less and looking to save money to deal with the new year. stuart: they might be sending but he won't see it because they're buying online and there are no lines out the stores but lines of boxes at your apartment buildings but lauren, thank you indeed. don't go anywhere, friday feedback is next. ♪ ♪ i felt like... ...i was just fighting an uphill battle in my career. so when i heard about the applied digital skills courses, i'm thinking i can become more marketable. you don't need to be a computer expert to be great at this. these are skills lots of people can learn.

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stuart and in the same camp. i don't dismiss it. i know a lot of people who have made a lot of money using robin hood and great for them. stuart: ashley? >> yeah, you know, i understand it's easy to use and commission free and can be very attractive but look at the track record of day traders, most of them lose money so be careful. i don't use it to be one susan. susan: i like it but it brings in new market participants but if you look at it and looks look at video game i've seen on my friend's phone with all these colors and arrows and lots of jingle jingle. i understand it. stuart: i'm an investor, not a gambler. there is a difference between the two. so, i'm an investor but moving on. judy ratigan wants to know when will the entire team returned to the studio? i missed the live interaction between you and your other coanchor's and guests. can't give you a timetable. i'm grateful that susan managed to get in here and sit 6 feet away from me but i wish we could get lauren and ashley back but only time will tell as they say.

but we would love to be back together and that's a fact. sue writes this -- we recently stated your soldier florida home. i'm only hoping you did not abandon our beautiful state for a wonderful governor lets us live in complete freedom. right, i did sell a florida home and bought another one but i bought another one in naples, as a matter of fact. ashley, you're in florida, you happy? >> very happy. other than the weather, as you said when you recently came down here, it's coming along here. it's certainly different than other states like new york and california. people are smiling and going about their business and i love it. stuart: so do i. this comes to us from lorraine stanford who says -- i want to know if susan uses a teleprompter? i'm amazed at the way she can rattle off stats and numbers as well as doing math in her head. susan: i do love numbers but i have to say here's a compliment for you stuart, sitting next to me i have to raise my game and i

have to, you know, get compute an organized and some of my calculations as fast as i can print thank you for making a better. stuart: you don't have to say that but i'm shocked. susan: it's rare, enjoy it. stuart: allen says this -- just glad lauren simmon eddie, sue is an and ashley are able to keep stuart varney grounded and that is one trifecta that earns their money and without them mr. varney could be out of control pretty says he's kidding but i don't think he is. do you think i'm out of control? [laughter] >> frequently. i think alan has put his finger right on the post of the show for it if it wasn't for lauren, susan and i you would go rogue way too often so i'm just glad i'm moving on. stuart: where is the last question? do not have time for it? we had good stuff there but i can't believe this. we'll fix this in the future. keep sending in your comments please. friday feedback will be back in there will be more varney after

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[laughter] stuart: ashley. >> iowan levy, all about -- ian levy, all about margaret thatcher. stuart: fantastic. that was a great week and a great friday feedback. thanks to everybody. neil, it is now yours. [laughter] neil: thank you very much, stuart, have a wonderful weekend. we've got a bit of a selloff going on right now. not a bad one or, it's going to be an off week, but it's a battle between a promising vaccine that could be out in people's arms, if you will, as soon as monday and a stimulus plan that seems to be unraveling as we speak. there could be hope on that latter front here, but right now it doesn't look very promising. but there is also talk to come next week we could see the moderna drug approved, so you would technically have two vaccines, and that's the push and pull on the market. let's get the latest from mark meredith from silver springs, maryland, following this