the dogs, but i think the self instant test, maria, will be a game changer, good for the economy. maria: absolutely. dagen mcdowell, steve forbes, pleasure to be with you. we will see you tomorrow, everyone. "varney & co." begins right now. take it away, stu. stuart: keep me out of the canine competition, please maria good morning to you and good morning to everyone would have thought hospitalizations rising with new lockdowns on the way and if a of snow is coming to the northeast and yet the market is right at record highs. after a year like no other, stocks power had two levels we have never seen before. the president was impeached in january, the first virus cases appeared soon after with the locked down in march and a cast topic drop in economy and by april, it felt like we were in a depression. november, contentious

election and after all that you may have expected negative reaction on wall street and in the spring stocks took a dive, but now 51 records for the nasdaq, i think 21 for the s&p and i lost count of the dow industrials which has a broken above the 30000 mark. warp speed vaccines have helped them so have the money printed by the feds, low interest rates and a housing move-- boom, but who would've thought at the end of a tumultuous year we would be watching a stock market that has gone to new highs? stay right there, who knows what surprises are coming in the last two weeks of 2020. "varney & co." is about to begin. ♪ stuart: paul mccartney.

secular christmas music is one thing, we just had some of it. here we go, wednesday, december 16, 2020, sure looks like a year into rally. dow industrials going up a bit this morning, same with the s&p and nasdaq hit a new high yesterday closing up another 26th 12600. what's going on here, mitch o'connell says no one is leaving dc and to lay by aid package passes. sounds like something will get done. i can't see politicians staying up dc for christmas day and there are reports a deal is imminent. i know we have heard it before. more good news on the virus from. a home test kit has been approved and moderna's highly effective vaccine is highly likely to get full approval friday with inoculations starting over the weekend. and little bit of negative news, retail

sales for november out this morning, down over 1%. that's not good, but when the news came out it had no impact on stocks. big snow coming to the northeast. that may be an incentive to shop online, but please spare a thought for the delivery companies in the drivers trying to cope with a record-breaking package count in the middle of a blizzard. restaurant owners rallying in times square against all these lockdowns. roll tape. >> open up! open up a point. stuart: that was either open up or we want to work. they don't like the lockdowns and we have more throughout the show and there is by the way, organized into five in minnesota with the revolt growing in california and later we will be joined by

michigan restaurant owner define the rules there . let's get to money. who would've thought we would be looking at record highs at the end of the year like this. okay, full credit where credit is due. you did say that we were going to go up and you have been right throughout the year, but you didn't expect this, did you? in january, 2020, did you expect a year like this? >> absolutely not. are that we would have a good year, but by march i thought it would be impossible to rally. looks like in the domes for a long time and when april when we started to come out of the march lows i was hesitant to even get involved in that it would be reversal that came due and i switched gears, i got on late, but enough time for the rally. investors want to see the other side. they are very optimistic with a lot of good news, multiple vaccine, stimulus is coming whether it's this week or next week or when the

biden administration gets into power and whatever happens i think we will see a lot more stimulus and i think investors are positive and i think the market will see new highs again by the end of this week if not the end of the year. stuart: can we put some numbers on this? dow industrials 30200 right now and i think in the past this year you said you can see the dow jones going to 33000 and i think think you said the s&p now at 3600, you could see it going to 4000. those numbers okay with you right now? >> not by the end of this year, but certainly the end of next year, minimum 10% and 15% upside and that may change come the end of the first quarter. i think we may see more positives come out of investors appreciation for trade, appreciation of what's happening in american midwest states

in terms of factory growth, manufacturing growth and i think we will see a rebound and services hopefully by the end of first quarter, surely second-order and if that is the case we could see a rebounded services with possibly a 20% gain in next year. stuart: you have been right before, and i really hope you are right this time. thanks for joining us. i'm sure we will see a lot of you before the end of the year. i want to bring in john polonsky because i want him to look at one aspect of the stock market. i know he is on economist, but let's look at this, the russell 2000 is up-- that's an index, up 30% just in september, that's externally, john. what does it tell us about the market and the economy? >> you have to realize the russell 2000 applies to smaller companies, companies smaller in size compared to the s&p 500, companies that rely heavily on the united states for sale spirit

of this is a very good sign. this tells me there has been abroad any of the equity market reality and a jump by the russell 2000 smaller company stock prices is in anticipation of a solid year of 2021. they anticipate a full economic recovery. stuart: my goodness, who would've thought. john, stay there for a second because i went to get to the housing market. latest numbers on mortgage applications, up or down, ashley? ashley: they were up, stu. last week up 26% from a year ago and 2% from the previous week. by the way, incredibly refinancing was up a whopping 105% over the same time last year. it's amazing with record low interest rates. stuart: amazing. john, come back in again

your reaction to the refined numbers and application numbers on housing? >> refi numbers means there is more money in hands of us consumers. there's one statistic that's not getting a lot of attention that i think is awesome. that is i think in the month of november, checkable deposits held by banks in the united states were up by 85% from a year ago. these bank deposits gone from over $2 trillion at the start of the year to four and a half trillion dollars, $4.6 trillion today. of that tells me we have too much money in the bank and a good deal of that money is eventually going to get spent on goods and services and will be invested in stocks, which is held by businesses and maybe towards capital spending or paying down debt. we are and are good shape going into 2021.

stuart: john, all good stuff. i repeat, who would have thought. both of you, thank you. appreciate it. here's news i been waiting for. the fda has authorized the first rapid over-the-counter home covid test. i got questions for you, susan. how much is it going to cost? who gets a? where do we get it and who makes it clear to $30 and you can find it at pharmacies, drugstores, online sites and the fda says the test is at least 96% accurate, no labs or prescriptions, resulting 20 minutes. it's based in australia making them as fast as possible expected to ship over 100,000 tests per day starting in january and they plan to deliver over 20 million in the first half of next year. fda does recommend a second test if individuals come back positive. stuart: so, they start to appear

january, and there's a lot of them coming in next couple of months three to write, dollars, cheap, affordable. stuart: thank you. united airlines started flying the pfizer vaccine all over, but are they putting the vaccine on passenger flights? susan: in the belly of passenger flights, started after approval. united was also the first to start shipping the pfizer vaccine from russells whereby on tech is based in on sunday american flu pfizer vaccines from chicago to miami so it's not unusual for passenger airlines to help with extra cargo. ups, fedex have turned to commercial airlines for a long time and even temperature sensitive ones like the pfizer vaccine. stuart: it has to be kept at-- susan: arctic cold temperatures. stuart: they did it that's good. with a minute, my prompter says moderna is getting a downgrade. wait a minute, wait a minute, they are coming

out with likely approval of a highly effective vaccine friday, and someone says downgrade. susan: two investment banks are saying that both jeffries and morgan stanley say you should imbibe moderna, but the stock you have in both say the stock worth about $150 and the reason is run up so much as you mentioned it set to get approval by friday, but the stock is up 650% this year and by the way, you likely have other vaccine options in the first half of next year. you already have pfizer to compete within johnson & johnson one shot vaccine and there could be as many as six: vaccines by the first to six months of 2021. stuart: we need them, that there's clearly competition between the six. thank you. back to futures. when we open up in about 19 minutes time, we are up across the board, not a huge game, but we are going up. last month nearly 70000 people were arrested--

apprehended is the correct word, across our southern border illegally up 60% from a year ago. we got a live report from the border coming up for your. joe biden campaigned in jordan-- georgia in hopes for a democrat controlled the senate. watch this. >> you voted as if your life depended on it. now you will have to do it again here, for your next united states senator. stuart: he is therefore senate hopefuls. but they are is on the show later. he will show us where the race stands right now. high stakes in georgia. we will be right back. ♪

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no expensive memberships. go to aerotrainer.com to get yours now. stuart: cannot is to gain expected at the opening bell, slight decline for the dow jones , maybe down the one point. me this morning we got the latest on retail cells. when did we get? susan: worse than expected falling 1.1% in a month. this is the second straight month we have seen declines in the reason, we have a worsening economy especially with more covid infections. household spending and income actually fell last month, so that is in line with the trend we have seen given there are more lockdowns coming and people are shutting up shop. this is also adding to the need for a second stimulus package. we heard we may get when i soon as this might.

stuart: let's bring in gerald, our retail guy. gerald, retail sales down in november. what's going on? i would have thought they would be up as we come-- not coming up out of the virus lockdowns, but the worst of the lockdowns. >> well, it may please you, that i don't see these numbers nearly as negatively as what we have seen. i think they are actually up and if you look up your over your bird november, consumers spent 7% more than november last year prior to the pandemic with tens of billions of dollars more. the october to november decline everyone is talking about can be explained away with two simple factors. recall amazon prime date in october, black friday was in november and in november bricks and mortar with did not try to get crowds to their stores and everyone knows sales were down sharply for brick-and-mortar that we can. underlying demand

remains strong with huge increase in categories we have seen ricer at the pandemic like building supplies, home depot and lows, you better not short them on these news because it's at night cream-- up 19% over the prior november. e-commerce up 29%, target, walmart, costco, way up, but there were big decreases. what we saw as i have told you about this, an increase in the decline at department stores and clothing stores appeared people are not going to the malls. they aren't shopping for clothing so you saw sharp decline at department stores, places like etc., stores like that and of course restaurants as well, but the picture isn't nearly as bleak as some reports say. i think the consumer is fundamentally strong. stuart: wilk, the online guys are clearly doing well. this holiday period,

they are going to deliver what, 3 billion packages or something like this and a snow storm is coming. do the online people have the delivery problem as we head towards christmas? >> there's no doubt the constraints is not consumer demand, that is there, but capacity issues for both brick-and-mortar stores with capacity constraints in some cities and with the delivery capability with fedex and ups whose kind of rationing out capacity to individual retailers. i think the snowstorm will be a problem. the good news is at coming at kind of an okay time. it's still nine days till christmas spirit there will be time to recover and get packages delivered on time. it's not great. snowstorm is never good for retailers. you know how new york freezes up with a lot of snow and it's not good for package delivery, but fortunately there is still time to catch up with a holiday weekend coming up for super saturday coming up. i think we can recover

from this. it usually just shifts. people are out there panic buying right now i guarantee you. then there will be a lot of shopping after the snowstorm. stuart: here you have it with 20 minutes into the show, we have had a forecast of a strong stock market next year, forecast of a strong economy next year and gerald ford tells us we have a pretty strong christmas selling season coming ahead of us care gerald, thank you for being with us. see you soon. >> my pleasure. stuart: i have news of major layoff. that his time square there . on times square there's a big marriott hotel that will close, i think, for good. ashley, how many layoffs? ashley: 852. every day on marnie we show how empty time square is just to give you a sense of what's going on in new york, but now marriott says

they will have to lay off 852 workers at the hotels marriott marquis in time square. workers were laid off in march after the pandemic it, but the hotel says their jobs will be permanently gone on march the 12th. hotel occupancy in new york city is still about 80% low normal levels and in the last-- marriott saw its net profit plunge 74% year-over-year. so far this year the stock is down close to 14%, but when people are not coming to the city how can these hotels operate. it's not a surprise, unfortunately, that some 852 full-time jobs have been cut. stuart: there will be no people coming to time square new year's eve to watch the ball drop. ashley: exactly. i mean, a virtual ball drop says it's all for

2020. we have to get rid of this year as quickly as possible. stuart: we only have a few days left. we are going to go up on the market, not much. of this is wednesday all day i think december 16, and we are up 14 on the dow jones, 22 on the nasdaq. there is some green, not a huge rally, but it is green and we will be back. ♪

stuart: so far this morning we have heard the markets next year will be good, the economy is going to be good, shopping will be good. david leftists joins us, he's a market watcher and i read his stuff and he says corporate profits could search 25% next year. a david, that is huge and spells good news for the market, doesn't it? >> definitely, stuart. i think it's important keep in mind we are probably going to have the strongest economy next year and probably almost in 20 years. that's because we had a very challenging economy in 2020, but we will

have a strong rebound and we could break records in terms of economic growth next year and that will propel some very robust corporate profit growth for that reason we think even those stocks are at all time highs or near all-time highs and stocks have done pretty well this year, we still think there is about 10% return potential as we look out over 2021. stuart: that's another very bullish forecast. that really takes me back, it really does because i can't remember a time when you approach year and when some people are making such a bullish comments about what to expect in the year ahead. i can't remember anything like that before, so put some numbers on it. you say 10% up from the current levels, what, 33000 on the dow, 4000 on s&p come is our you are talking about? >> yes, our price target on s&p, we don't have an official on the dow jones, but s&p is 4000,

you add in the dividends almost 2% and you get a 10% return. i think the main thing to be careful about and to be watchful for is inflation you think about will, we are in the earliest stages of a new economic expansion. it will be more evident we are in the expansion wants the vaccines are fully rolled out an expansion usually lasts years and we are just even not a mere year want at this point and nothing that kills expansion is a rise in inflation that causes the fed to tighten policy and the fed has told us that they will keep rates extraordinarily well for a very long time, so i think we have a good runway ahead of us and we will see that surge in corporate profits and the market will like that. stuart: fascinating. david, thank you for joining us. we have a lotta people suggesting it will be fabulous and 2021. stuart: we will hear from the fed later on today and also

expecting a stimulus package to be signed. stuart: we are told a stimulus package is close, really, really we mean at this time. the bell is ringing and off we go, folks. wednesday morning, december 16, now 9:30 a.m. eastern time and trading has begun. look at where we are in the early going, ever so slightly lower for the dow jones, 30200 is your level on the-- that is pre-good, s&p 500 on the opening is actually up a tiny fraction, .10% and the nasdaq in its 51st record of the year all-time high yesterday and has opened higher this morning, so that is a new high for the nasdaq and that's where we are. can you show me twitter, please? i think it's up big time, yes, $54 a share, nearly 4% required? susan: top pick for 2021

according to j.p. morgan and you could make 20% more next year, working on $65 in their year-- view. j.p. morgan is bullish on a resurgence in online advertising likely going to social media and by the way j.p. morgan says twitter is a top pick for next year, but also alphabet google, facebook as well , peloton and list their twitter is a shutting down its live video service periscope. it really didn't catch on. no periscope after march next year. stuart: i thought that would take off and i remember when the news was announced, show a concert to someone on the other side of the planet. susan: but it's also not easy to build an audience and usage on social media. tiktok has only been around 18 months and it's doing better. stuart: look at twitter now, up 5%. susan: excellent. stuart: what is this, spotify

downgraded? susan: they say is no longer a buy. to stock more than doubled this year, up 100% and it's a bit expensive, still a darling though for hedge funds investors. spotify of a percent in recent days. it's making lots of headlines signing up more subscribers because they are spending big on famous how went, harry and meghan markle signed up for podcasts. you know they paid $100 million for joe rogan, multiyear exclusive deal. he debuted in september going exclusive this one than already number one on spotify. stuart: the prince of england going for the money, oh, dear. let's talk about a group of stocks going up on your screen, hot stock. of 19%. ashley, what's happening here? ashley: they are to stocks and the bloomberg report says those

companies are looking to merge which is why the stocks are moving up, up and away or higher. it could come as early as today with both companies headquartered in canada, but the combined operation could move to the us to try to increase its share in the expanding marijuana market here. .-dot merged company will reportedly keep the name while shareholders will retain the largest stake in majority. that's why they are moving higher. stuart: 8020% up your disney world, that of course is outfitted in florida, their operation in florida. they are opening some hotel's. that's interesting. florida is open for business and disney will open some hotels, ashley ashley: they will. it really is open for business. had a lot of people come up to me yesterday in flagler beach, "varney & co." fans, yeah, i mean, it's night and day as

you say in florida. according to disney world website, they will open for hotels are we open, disney value level all-star movies resort expected to reopen march 22 to lex level beach club resort may 30 and the wilderness lodge june 6. the polynesian village resort is expected to reopen in the summer or next summer, but they have not given a firm date on that. also, the list does not include "star wars" galactic star cruiser which was slated to open next year. disney world's fourth theme park it open him in july to limited capacity. of the two water parks scheduled to reopen in march. a lot of news about reopening next year, which is good news indeed they have about 30 resorts or more in orlando, disney. it's remarkable. stuart: yeah, but disneyland in california still not open.

ashley: closed. stuart: to the great annoyance of bob eiger. american outdoor brands, i know this company. it's hunting related company-- not that i'm a hunter, but the stock is way up. susan: i think you recognize it because you have seen smith & wesson broke off and this tell-- sells camping and fishing gear. american outdoor brands say that things are going well since people wanted to be outdoors today feel safer in the open air and wide-open space and they say they have benefited from customer spending more time on outdoor activities. stuart: you know what's going on here, people are hunting their own food. that's what's going on. susan: so organic. [laughter] stuart: depends on where you hunt. would you have, the russell 2000, all-time high. it's getting close to the 2000 level there, up a fraction.

10 year treasury this morning, the yield is right now 0.94%. the price of oil, 46, $47 a barrel, somewhere around there, 47.56. gold is 18.62. i'm interested in bitcoin because i sought-- yeah, get that, $20000, first time ever. susan: surgeon today, up close to 6%. the digital coin has more than doubled this year and the reason is that we are looking at more mainstream adoption guggenheim partners manage about $5 billion in their macro fund and there's been 10% about buying bitcoin and that's just one example. bitcoin is now being used on how-- on paypal, robin hood and even some traditional institutions are allowing trade and buying up bitcoin and

also these hedge fund of stars that we have known for a long time. stuart: $5 billion fund is putting 10%, that would be $500 million into bitcoin. susan: remember there's a limited supply each every day of the 15 million so 500 million will get you a lot of bitcoin. stuart: $20670 per coin as we speak. we have opened the markets, slight downside move for the dow jones, up for the nasdaq and restaurant owners set up with the lockdowns. watch this. roll tape. >> are you going to pay my rent? are you going to pay my rent? stuart: that is just one of the many examples of frustrated owners desperate for relief. more on that and my take at the top of the next hour. on your screen is social media executives, we are

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stuart: where is the market after 12 minutes worth of business? on the downside, but not by month. much. anthony chan is with us, we hear, and, that a very skinny package is imminent, you know by resaved. it will not have any liability protection.

it won't have aid for the states, or no major aid for the states, but it will have $600 a week special checks. is that going to help the economy lunch? >> 's tour, is no doubt it will help the economy. remember it's 2020 and the things that help the economy were of course fiscal policy, the federal reserve and then the big headwind was the virus and our ability to control it, that going into 2021, thanks to operation warp speed we will have the vaccine and that will be a big help. we will have federal reserve and of course fiscal policy will be there. it won't be as strong as the cares act, but that package even if it is skinny will help the economy and that's why i'm so excited to tell you, stewart's, i look forward yield gdp to grow in 2021 by about four and her and i think that's an exciting story. >> it is an exciting story.

43 minutes into our show and we have already heard market watchers say big rally for the stock market next year and economists say big move up for the economy next year, a retail guy say we have a strong christmas holiday selling season coming up and now you are saying foreign half percent growth next year. wouldn't that be just about the best growth rate annual basis for many many years? >> it sure is and that's happening of course because we had a contraction in 2020, but we will take growth however we can get it, so we need to continue to make progress on this healthcare front. we have a politically divided country, but we can still agree on a few things and hopefully we can agree on trying to do everything we can to eradicate this covid-19 a virus. we are not going to agree on closures, even targeted closures, but maybe we can agree on ways to mitigate the actual virus. we are going to agree as

to whether we should take a vaccine or not, but maybe we shouldn't discourage people from taking it if we don't want to take a vaccine so there are a lot of things we can do to help the economy and i think we will move in that direction and we should also support the president in his never ending quest to not only get more vaccines into the united states, but get them to the united states quicker. if we get those things right we will have a booming economy in 2021. stuart: but, the vaccine is the most important factor here? i mean, i'm not discounting the fed printing a lot of money, i'm not discounting that, but to you the very big deal is get the vaccine out there and get everyone or as many people as possible and inoculated, that's the big deal right now? >> that is the big deal and i am excited to say that it's also a bipartisan effort. we see that the president has been leading a charge for a long time and i hope he continues to lead that charge because as for

ultimate solution for a better economy 2021. >> anthony chan, you are playing nicely with our show this morning. that's what we've been talking about all day with the stock market boom, economy boom and now you. anthony, thank you. >> my pleasure. stuart: which, that's the name of the company, wish, wish, yes, they are going public today. obvious question, susan, what do they do and what is the price? susan: online shopping is something new to you. i will show you that later on. wish will raise over a billion dollars here. that values wish i $17 billion as a company wishes the third most used e-commerce retailer in north america after amazon and shop of five and also one of the most downloaded apps on the planet. esau doordash, airbnb last week and i think

people are still trying to catch their breath after that. it's been a record your port ipos. i know you make that reference all the time is a lot of people do that 2000 and the.com. bubble. stuart: going back to that, so wishes out today. we have not seen the first trade yet, obviously. susan: a billion is a lot of money and probably won't take as long as airbnb since we have different mechanics here in place, but that's a lot of money , so i expected maybe later this morning. stuart: i went to see if the robin hood guys jump on board and go with it, but by the way massachusetts is filing a complaint against robin hood. was the problem, ashley? ashley: well, regulators are reportedly accusing the popular trading platform that boasts more than 13 million customer accounts of exposing investors to unnecessary trading risks. regulators claim the company uses the modification tactics encouraging you there--

users to engage citing one customer with no investment experience at all that made 12700 trades in just over six months. massachusetts is the california-based company is falling far short of the fiduciary standard that was adopted this year requiring dealers to act in their client's best interest. the committee says they have not seen complaints yet, but it will work with regulators. stuart: here come the regulators. thank you governors being sued over their shutdown orders, but will any of these lawsuits actually go anywhere? was the endgame with these lawsuits? he will put his legal hat back on-- he's an attorney and he joins me in that 11:00 a.m. hour to answer those questions. next, tom cruise puts on a passionate performance, but he was not acting. we have the clip and we will be back with it.

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stuart: that was mission impossible, tom cruise will he is in the news for a different reason. as we said before, he's not acting. he's astounding off on covid violations. susan: everyone is talking about it. he was livid and i mean livid and some crew members not taking covid rules seriously threatening to shut down filming in the uk. listen. >> we are creating thousands of jobs [bleep] i don't ever want to see it again! ever! and if you don't do it, you are fired! if i see you do it again you are [bleep] gone! susan: a lot of expletives and it feels like he's in character, but he goes on to say that jobs, livelihood like putting food on the table and roofs overhead depends on filming continuing

and we know warner bros. is making the seventh installment of mission in-- mission impossible. i read some supporting him, but then some say did we need to use that language and scream at the top of his long secured we know covid will impact the film industry by a lot. stuart: tom cruise, will he have a go at the governor of power for here for his appearance at french laundry or sheila poole who says you can't eat outdoors and promptly goes to eat outdoors, with tom cruise had the same passion for these lawmakers that break their own rules? susan: what about the hundred people onset trying to pay for their kids schooling, isn't that a worthy endeavor? stuart: i just would like to see tom cruise in his van a map someone who's deserves it as opposed to extras that a movie set. susan: i don't know, cemetery. stuart: thank you, susan. i associate cosco with

cost-cutting, volume stuff to buy, yes, but low prices. ashley is a smiling. now i am told cosco is selling a giant bottle of champagne, so you have the volume what is the cost, ashley? ashley: $830, how about them apples? a giant 6-liter bottle of yellow label champagne, roughly the equivalent of eight regular bottles which would buy my dodgy math works out to about a hundred $4 per bottle and it's just in time for new year's celebration so if you want to say good riddance to 2020 with a pricey french luxury wine, this could be at. in case you are wondering, the drink apparently carries the aroma of yellow and white fruit as well as a whiff of a vanilla, sniff, sniff. stuart: by the way, ashley, when

i said to susan that cosco is selling this bottle she said-- [laughter] susan: no, chris stahl. i know what i'm talking about. stuart: indeed. we don't have time to talk about anything else, i don't think with the market slightly on the downside. coming up, laura logan, crimson awesome and bret baier all on this show, the second hour coming up for you after this. ♪ to all the businesses that helped us make it through 2020... thank you for going the extra mile... and for the extra pump of caramel. thank you for the good food... and the good karma. thank you for all the deliveries...

especially this one. . .

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♪. stuart: a little upbeat. i like the tempo from mr. chris brown. good stuff. good morning, everyone. 10:00 eastern time. that woe be new york city. big show ahead for you. coming up we have liz peek, lara logan. that is this hour. 11:00 hour, lisa booth, kim strassel, todd piro, bret baier. check the markets because we had already all-time highs this morning for the nasdaq. i think that was the 52nd all-time high.

russell 2000 hitting another all-time high. that tells you that the small caps are doing pretty well. this, the latest reed on homebuilders sentiment. important stuff, ashley. how are they feeling these homebuilders? ashley: coming in slightly below expectations. reading of 86 in december down to last month's 90. we should still point out that the second highest reading in the history of the survey. the report says housing demand is strong heading into the new year but with those same hurdles which continue to be low inventory, limited available land, rising construction costs. yes it was down more than what we expected but still pretty darn strong. stuart: i would say. ashley. look who is here, jerry howard. ceo of the national association of homebuilders. second highest reading ever you guys are feeling pretty chesty, aren't you? >> stuart, there is still flight

out to suburban and exurban areas. interest rates are still low. next year that could become more of an issue and demand is still clearly there. stuart: demand, you tell me if i'm right or not, upper income, high-end homes, high-end new homes. that is where the big demand is, right? >> well the demand for high-end is there but also for move up and first-time homebuyers. a lot of younger people who had been living in urban areas and apartments are now wanting to got into homes. it is really pretty strong across the board. stuart: can you build a home in california for less than 350,000 bucks? >> highly unlikely. highly unlikely. california is the poster-child for bad public policy ideas. they have more impact fees, more regulatory burdens than anywhere in the country. their housing affordability

crisis predates the rest of country's by years. hopefully our incoming policymakers will take a look at california and not copy it. stuart: where is the easiest place to build? >> carolinas. carolinas are pretty good. texas is strong. idaho, nevada. the pro-growth states that encourage business are also tend to be the states that encourage housing production. stuart: how many homes do you think will be built this year, 2020, and how many new homes will be built in 2021? have you got a number for us? >> in 2020 we'll be right around a million starts which is pretty good considering we had the huge -off at the beginning of the covid recession. next year we expect it to be slightly higher. not as high as we originally thought but we'll sigh 1.2 million next year. stuart: all right. jerry howard, thanks for being

with us on an important day. we always appreciate it, we really do. >> happy holidays, stuart. stuart: thank you, sir. merry christmas indeed. we're 30 minutes into the show. we had predictions of the strong economy next year, strong christmas selling season. now jerry howard with a strong home building market next year. pretty good i would say. during this pandemic the restaurant industry has been treated very badly. they didn't deserve to be ruined by the thousand but that's what happened. owners did everything that was asked of them. air filters, space between tables, cutting off bar service, building outside dining facilities, on the sidewalk, digital menus. they did it all but it didn't matter. they're still going under. and to add insult to injury mom-and-pop restaurant owners had to watch a parade of state officials break their own

restaurant rules. who could forget california's governor newsom's soiree at the french laundry with health lobbyists and 10,000-dollar wine bill. my lord. now we have new york governor cuomo telling restaurant owners they should be happy because the restrictions on them will prevent a full-scale lockdown. what? that makes no sense. only 1.4% of new cases can be traced to bars and restaurants. that's it. the real infection spreading comes from gatherings at home. the governor keeping people out of restaurants and sends them home. i repeat, makes no sense. absolutely infuriates the men and women who are losing everything. it is nine days to christmas. normally a time when we spend big on office and family parties in restaurants but not this year. no wonder there is a revolt. see this? a demonstration by restaurant workers in times square. let us work, they're shouting. see this, a california restaurant owner confronting officials who were closings him down. he is going to lose everything.

this kind of scene is going on all over the country. there is jane moss. she organized 150 restaurant and bar owners in minnesota. they will stay open, defying the state's shutdown rules. and now, blizzard conditions forecast for much of the northeast. that may be the last straw. the snow is nobody's fault but the ruin of the restaurant business should be laid firmly at the door of misguided mistaken and irrational policies of so many state torts. disgraceful. the second hour of "varney & company" is about to begin. ♪ stuart: she's back, liz peek back with us this morning. glad to see you. liz, welcome back. good to see you. do you agree with me? i think the restaurant industry,

they have singled out but worse treated of any sector of our economy. am i going over board here? >> no. stuart, i think you're absolutely on the mark. those restaurant workers protesting yesterday in new york were shouting why cuomo, why? that is really the question, right? as you point out the data does not suggest that restaurants are the source of infection in new york city. by the way, it is only in new york city that cuomo is shutting restaurants down even though the city has the second lowest infection rate and hospitalization rate in the state. you have to ask why is he doing this? it's heartless. you have almost 100,000 workers, mostly minority people who may lose their jobs and tens of thousands of business owners who may go bankrupt. it is heart-breaking. well here's why, cuomo is running for president in 2024. already democrats are lining up because they think that

joe biden will not run again four years from now. and cuomo, the only thing that he really has to offer is what he considers his great success in taming the coronavirus for new york. most of us don't think he has done a very good job but he is doubling down on that one credential. that's what he wants. it is pretty good numbers to go into 2024 campaign. believe it or not it is already happening this is why he is doing this. it is so offensive, stuart, it is horrible. stuart: i didn't know that, liz. that is just fascinating. let me read you this, this is dr. fauci's latest warning on christmas, he says this, this cannot be business as usual this christmas because we're already in a very difficult situation and we're going to make it worse if we don't do something about it. what was that we were talking about last week? it does not feel like christmas, does it? >> well we have so many grinches out there. look, stuart, i think we all

know that people are dying from this virus. it's tragic. the average age is around 80. people know who is most vulnerable, the very sick and the very elderly. other people want to get on with their lives. from every indication it is pretty safe to do so. hammering the restaurant industry is so offensive to me because new york city is in real trouble. people are leaving the city in droves and there is nothing to attract tourists or to attract those residents back to the city. broadway is closed. sports are closed. what do you have? great restaurants. you put them out of business and new york city is not going recover for months if not years. i think this is so stupid and it's offensive to all of us who live in this great city. stuart: nice to see you fired up there, liz peek. >> it makes me really angry. it does. stuart: me too. you have to smile sometimes but i'm with you. you have to . the table on this. it is a tragedy, really is.

>> it is. stuart: liz, thank you very much. see you real soon. merry christmas to you. >> thanks, stuart. merry christmas. stuart: we have some market movers to report for you. s&p is up. nasdaq is up. slight loss for the dow. who have we got? who is moving. susan: last unicorns going public, wish going at $24. by the way as we anticipate the first trade in wish the third largest e-commerce site in the u.s. taking along other high flying unicorns with them. big frenzy over airbnb and doordash. we're back up with airbnb, seeing 8% gains. not that they need it. throw in twitter. stay with the tech front, twitter getting upgrade from jpmorgan on to their best ideas list for next year because of a recovery they say in online advertising. so twitter is worth around $65. i will throw in bitcoin, bitcoin crossed 20,000 for the very first time, doubling this year.

you're up over 100%. set to continue to maybe 30,000 according to the experts because of more mainstream adoption. moderna is falling despite the fact we're looking for fda approval before friday this week. two investment banks just raised, morgan stanley says it is only worth $150. only i say but it's a hold, not a buy at this point because it has run up so much. stuart: it has gone crazy, straight up. susan: 650% up. stuart: that's a lot. that's a rally. thanks, susan. facebook may have found a way around european union's privacy laws. ash, can you explain what they're up to? ashley: facebook will shift all of its users in the uk into user agreements with the corporate headquarters in california. that would move them out of the current relationship with facebook's irish unit and out of the reach of europe's privacy laws which are some of strictest in the world. the change takes effect next year. by the way it follows a similar

move by google. all of this because the uk's exit from the eu will change its legal relationship with ireland where many u.s. companies have their headquarters. uk viewers will be subject to uk privacy law. this is an interesting move. trying to get away from the very, very archaic and strict laws of the eu when it comes to privacy. they have every right to do this and they're doing it. stuart: actually i think what they really want is our money. that not the story. ashley, thank you very much. ash ash always. always. stuart: day three of the jabs as we call them but a nasal drop of the vaccine could be in the near future that would be a different way of getting vaccinated, wouldn't it? a nasal drop. we have details for you. a california business owner confronted health officials about restrictions and his ruin nation. watch this. >> are you going to pay my rent? are you going to pay my rent.

>> you choice to make those decisions. >> i never served one single person outside. stuart: we'll bring you the full story. the revolt does not stop there. michigan, one business owner fined 1000 bucks every day that she stays open but she says, she is staying open. the only way to pay her bills. she will join me next. m steve. - i'm lea. and we live in north pole, alaska. - i'm a retired school counselor. [lea] i'm a retired art teacher. [steve] we met online about 10 years ago. as i got older, my hearing was not so good so i got hearing aids. my vision was not as good as it used to be, got a change in prescription. but the this missing was my memory. i saw a prevagen commercial and i thought, "that makes sense." i just didn't have to work so hard to remember things. prevagen. healthier brain. better life.

stuart: well, look at this, the nasdaq has hit another all-time high and this just coming at us, mitch mcconnell on the floor of the united states senate just said major headway is being made, major progress on the virus aid bill.

that is a positive but the dow is still down about 20 points. we've got a couple of movers here. start with lyft. it hopes its customers will be able to use its app to hail driverless cars in 2023. i'm a little skeptical about that but the stock is up over 1%. there is this, some california lawmakers trying to save the restaurant industry. susan, lawmakers what are they doing? susan: two democrats, nine republicans, this is bipartisan, 11 state senators in total in california, they're urging governor newsom to classify restaurants as essential businesses, so they can stay open, save jobs, put food on the table. they argue that restaurants are active participants in local neighborhoods and the community. they provide meals to senior citizens, families, food banks. every time you have newsom, you know what he is doing, pointing the finger over at the federal government saying it is up to d.c. to help out small businesses. stuart: what a joke. sorry about that. that is ridiculous. thank you, susan.

staying in california, one restaurant owner pleading with health officials over the state's covid restrictions. we've shown you a little bit of this so far. ashley has the full story. what happened? ashley: yeah, it makes sawed and angry to see a business owner like this, an entrepreneur doing everything he can to stay open but has to deal with these arbitrary rules that constantly change with no regard for people's livelihoods. city of ventura north of l.a. closed owl outdoor and indoor dining. the owner of the local greek restaurant said enough is enough. take a listen to more. >> i got my hands tied. if i put tables outside i get a citation. i need to close. put tables inside same thing. why can't you leave me alone, go about my business? i was able to protest my two or three hours with you you guys agreed upon. let me be now. they didn't keep their word. ashley: didn't keep their word. later in the footage, you can hear a health inspector telling

the owner, guess what, your permit has been suspended. the owner now leading a revolt leading all other restaurants to reopen in the area saying the state can't do anything. we just ignore their rules. he is getting support from the public by the way. his outdoor patio reportedly been filled with customers. stuart: would go in a heartbeat. i would support the man. i hate to see people run out of town like that. i want to bring in two people from the restaurant industry in michigan. amy and eric. amy, to you first, as i understand it, you operate a small restaurant. you opened in defiance of the law. you've been fined $1000 a day. you're in defiance of the rules. will you stay open? >> we'll stay open forever. this is my commitment, for my life. i need to work, support my family. it doesn't really matter what they say or do. this is separate. it is just not negotiable.

stuart: to you it is not life and death, it's staying in business and feeding the family versus starvation. just going, just leaving the business all together. that is your choice, isn't it? >> right. and i'm not going back to poverty. this is america. you know. this is why it is so great. we have opportunity to do that. we will commit to it. stuart: eric, you are the founder of an organization called all business is essential. i think you would agree that restaurants are essential. are you leading a full-scale revolt in michigan? >> you know what? we really are taking it on a local level. we had a meeting with our county commissioners last night and we actually got them to commit to sending a petition to the governor saying at the end of the 20th, we're kind of done with this noise. we've got local businesses that are being destroyed. we've got tyrannical governor who is using local health departments to tear apart our communities.

it is just time for the american people to say enough is enough. the whole farce is over. it's done. let's get back to work and we don't need to deal with our state governors. take care of local people, people doing it on how call level are ones we need to target. we need to remove them from our communities if necessary, get back to living our lives. stuart: how many restaurant owners do you know like amy opened in defiance of the rules? >> i would say in michigan, probably 30 or 40 right now. we had another one here locally stood open, got his liquor license stripped from him. his food service license stripped from him. that is insidious going on in society we need to really embrace the freedoms we have. stuart: i'm with you, but in the long run, what happens to a restaurant where the owners had his liquor license pulled, taken away? what happens in the long run? is that person ruined forever?

>> you know, i want to say one thing and then take the question, spin it a little different way. amy's background is nine years ago she was on her back, newly divorced six kids. built herself up from nothing, to take that away from anybody this country. i don't care where you came from, how you started it is fundamentally un-american, unethical, as far as i'm concerned it is illegal. our constitutional rights are being violated on a daily basis this country needs to stand up embrace the constitution, get back at it. stuart: eric, i'm sorry i did not know amy's fullback ground there, you just blue me away with that. newly divorced. six kids, in poverty. you started your restaurant from scratch at this point, amy? >> we did, yes. i found my brother to invest, get started. we started with three employees. now we have 30. we put, blood, sweat, tears. all my kids worked there now we have 30 employees. we all work together.

it is like family. everyone is committed to providing the service around the food. you know, to the whole community. stuart: it is 1000-dollar a day fine that you're facing, are you going to try to pay it or get it taken away by the courts? what will you do about the fines? >> well we have, we have a lawyer named david coleman who is fighting on behalf of us. we have court with license suspension. no ruling yet. next up is m dhs who put out the orders to begin with. the trail is long but we're fighting back. we're staying open. stuart: amy -- >> stuart, if i may interject, this is where the community comes in. somebody started up a give and go campaign. we raised over $50,000 for her. on a daily basis. her restaurant knit that big, you go in this any given time, six to 10 people all the time. we're surrounding here.

doing everything you can to help her. i don't know if you america's barber, carl menke got pounded by our governor. he is $80,000 in a lawsuit. he won at the state supreme court. he is being hassled by the government. we see what amy is has in front of her. raising $130,000 for the court battle. there is no intention of paying fines. stuart: thank you for being on the show. glad we got this to our audience. >> thank you, stuart. stuart: sure thing. did you see this, kayleigh mcenany slamming the media over hypocrisy in coverage of eric swalwell and hunter biden. watch this. >> your baseless attacks were false yet covered breathlessly by the media. there was no coverage however of swalwell being the one implicated but not russia but china. stuart: lisa booth is coming up. she has a lot to say about that, and with good reason. first the season of generosity. one company working with amazon

to be a santa, two seniors. details after this. ♪ we wish you a merry christmas and a happy new year ♪ to support a strong immune system, your body needs routine. centrum helps your immune defenses every day, with vitamin c, d and zinc. season, after season. ace your immune support, with centrum. t-moat a record pace. its network we were the first to bring 5g nationwide. and now that sprint is a part of t-mobile we're turning up the speed. upgrading over a thousand towers a month with ultra capacity 5g. to bring speeds as fast as wifi to cities and towns across america.

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stuart: oh, no. it is 1030 eastern time on a wednesday. that means we got to tell you how much oil we've got in storage, how much oil we used if it is important. ashley, give me the number. ashley: thanks for that wonderful lead-in, with oh, no. that is the way to set up the story, is it not? we're expecting a drawdown of nearly two million barrels which would, i have just been told, tell me again? whoa. down 3.1 million. i had to ask again because i couldn't believe it. down 3.1 million barrels, stu. that is about a, 1.2 million more than expected, which suggests more people are actually using oil which suggests the economy is humming along. i'm not so sure but there have it. that would suggest oil prices would go up because there is less in supply. stuart: of course. we're forgetting that last week there was a build of

15 million barrels. you know, so, i take it with a grain of salt. i'm sorry. i don't mean the downplay the story, ashley. this is your pride and joy. ashley: too late. too late. stuart: second only to mortgage rates, right? ashley: yes. stuart: that is important. ashley: that's true. stuart: want to show you this, this was moments ago. this is new york city. another vaccine shot being administered to a health care worker and as i said right there in new york city. you can't see him in the shot at the moment but believe me the mayor of new york, bill de blasio was very much there on the scene. tried to get on camera shortly, i guarranty. he would like to take some of the credit. that is new york city moments ago. this is day three of the vaccine shots. one company working on a different way to get the vaccine into you as opposed to a jab, it is? susan: going up the nose. think of nasal drops which say medical experts is more effective, it gets it closer to the lungs that are the most affected by covid as we know.

long islanded company, codeentics got phase one approval to start with 4volunteers. unlike the pfizer vaccine, no, sir ringses, no second shot, no arctic freezing temperatures to keep it cold. some say this is probably more useful. stuart: i think the fda approved the first-ever over-the-counter covid test. that's right, right? susan: $30. find it at pharmacies, drugstores, online sites. the fda says the test ask at least 96% accurate. no labs, prescription needed. results in 20 minutes. the maker of this diagnostic test is illum. they make it as fast as possible. they expect to ship 100,000 tests each day starting in january. planning to deliver over 20 million the next year. the fda recommends if you get a

positive test back, get a positive read, get a second test. stuart: australian company. you can't get your hands on the home test 2348 january earliest. susan: they will ramp up production and go online or pharmacies. stuart: side-effects from the pfizer vaccine, ashley, what are the side-effects? ashley: let's go through the list shall we, make you enticed to get one. pain and swelling at the injection site is not uncommon. some people may experience fever, chills, headaches as well. but those effects usually go away after a few days. if they don't, certainly contact your doctor. pfizer's vaccine requires two doses. the cdc says you must get both of them of course, even if side-effects crop up after the initial shot, unless a doctor ad advises otherwise. fda said only those with serious

allergic reaction to vaccines, allergies to the ingredients in pfizer's jab, steer clear of the shots. injections pretty similar to the vaccine, if goes on too long, contact the doctor. i remember getting flu jabs at school in england every year. it was very painful. they made you play rugby in the afternoon. that was no fun at all. stuart: it witting different here i guarranty. ashley: yes. stuart: when you see the jab being given on tv i have to look away. i can't see the jab. i can't see it. don't like that. anyway. we try to shield our viewers from anything like that. let's move on. this is great stuff here. listen to this. it is the season of generosity, yes it is. there is an organization called home instead. it's a senior care organization. they're working with amazon to be a santa for seniors this year. the ceo, jeff huber is with us now. sir, you're doing great work. great to have you with us.

if i got this right, if i go be a santa to a senior.com if i do that, i'm presented with a wish-list from various seniors. i can buy something for them and amazon delivers it. is that it? >> that's it. that is it exactly. be santa to a senior is a 17 year holiday tradition at home instead. over the course of our 1year history we provided well over two million gifts to socially isolated, lonely seniors in over 250 communities around the country this year, we knew we needed to innovate and find a way to do that in a contactless way so we teamed up with amazon business and added a new dimension to our program where people can go to be a santa to a senior.com and buy gifts online. for many seniors this might be the only holiday gift or

interaction they get all holiday season. so it's a great way to brighten the lives of these socially isolated seniors. stuart: so if people know that they have got a relative or a friend who is socially isolated this christmas, they can come to you and have that senior's name put on the list, that is how it works? >> traditionally the way it works we work with local non-profits or community partners. we get the wish-lists of socially isolated seniors. we'll put them on paper ornaments which we hang on trees. put those trees in stores like grocery stores, hardware stores, pharmacies and shoppers do the shopping they can take an ornament, do the shopping, leave it there. we organized community volunteers to take those gifts, wrap them, deliver them but this year as we said we had to pivot, add a new dimension and that is where we teamed up with amazon business. stuart: jeff, and amazon, you're doing great work and it is great

to have you on the show. be a santa to a senior.com. we shall remember that. jeff hueber, you're all right. >> thank you, stuart. thanks for having us on. now this, joe biden on your screens right there, sending a message to georgia voters. watch this. >> you voted as if your life depended on it. well guess what? now you're going to have to do it again. yes, you still need to vote as if your life depends on it because it does. stuart: well, that's strong stuff there. the stakes are really high in georgia and bret baier is going to join us to break it all down. that the is georgia election. first though, ah, the snowstorm about to slam the mid atlantic right in the middle of the holiday shopping season. we have a live report of course after this. ♪. want to brain better?

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stuart: uh-oh, the northeast about to get hit with a major snowstorm just a few days before christmas. fox news's alex hogan at laguardia airport. at a time like this, the planes have to prioritize vaccine distribution, haven't they? reporter: that is exactly what we'll seeing not only at plane level but talking fedex, ups, all the shipping companies but right now we are seeing some delays and some cancellations here at la guard yaw which is pretty empty for travelers. there are 620 flight cancellations already ahead of this storm here in new york. mayor bill de blasio says that

people should stay off the roads if possible. >> so folks, particularly if you're comb muting into manhattan or one of the other boroughs from outside of the city, please at all possible do not drive in. if you can use mass transit use mass transit f you can work from home even better, work from home. reporter: advisory to stay off the roads coming what is usually the busiest week of the year for the u.s. postal service. the pandemic pushing delivery companies to the brink. more people are buying online. because of the health crisis networks need to take extra safety measures. the combination causing gridlocks, major delays in the final weeks of the year. fedex, ups are giving priority to vacs soon shipments over packages that could mean a much longer wait for some gifts in the mail. the storm could impact roads for the vaccine shipments going out to all 50 states this week. of course we know that those

doses need to stay at subzero temperatures and health centers and delivery trucks are backing up plans with extra generators as again another precaution. we spoke to ups this morning. telling fox that they are watching the storm. of course and they will reevaluate throughout the day but of course, understandably there will be delivery shipment deadlines that quite possibly just might not be met. stuart. stuart: just terrible timing on this storm, alex. thanks for a great report. appreciate it. thank you. now this, joe biden will reportedly pick former epa head gene ma mccarthy to oversee domestic climate policy. hillary vaughn in wilmington, delaware. biden seeming to make clear climate is a top priority. is that right, hillary? reporter: stuart he is doing that essentially creating brand new positions for a lot of these people. making former secretary of state john kerry climate czar.

with gina mccarthy that is expected to have a position, office in the white house with its own staff but definitely signals it is not only a priority but as al gore put it in reaction to gina mccarthy getting this position, a new era of climate accountability is upon us. that is what al gore said. in reaction to gina mccarthy, the former administrator of the epa. she will be biden's senior advisor on climate change. she will work hand in hand with john kerry, advocates, climate change advocates say her nomination is signaling that biden is prepared to bypass congress to get a lot of changes done through executive order. while she was at the epa, she pushed rules that would cut emissions from power plants. also wanted to limit methane leaks from oil and gas wells. all of those rules were ultimately repealed under the trump administration. bringing her back is a signal to returning to what once was under the obama administration.

today biden will also name former mayor pete buttigieg to be his secretary of state. including climate change and a carbon tax. stuart. stuart: carbon tax, that got my attention, hillary. thank you very much. let's go to the border because illegal border crossings are way up ahead of biden's presidency. look like we're going back where we were four years ago, doesn't it? we have a live report from the border next. arizona to be precise. ♪. been waiting for. verizon 5g is next level. now get one of our best 5g phones on us when you buy one. and get $500 when you switch. plus select unlimited plans include disney+, hulu, and espn+. 100% obsessed with "the mandalorian." i watch a lot of sports. it has all my favorite shows. and right now the best in gaming is also on us. it's like a gift on top of another gift.

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

stuart: this is coincidence? another migrant caravan headed toward our southern border just as joe biden prepares to take office? grady trimble is at the border. he is in arizona. illegal crossings way up, grady? reporter: they have been, stuart. that is in part because of a policy put in place because of the coronavirus. it is an expulsion policy, anybody captured illegally crossing is sent back to mexico immediately instead of being put in a detention center which could of course spread the virus. we're along the border here where newly constructed wall is up right here. if you see it stretches for several miles all the way up to

that ridge there. where you see that mountain that is where the wall ends and construction is ongoing. joe biden has said that he would stop construction immediately as president. as you said, this comes at a time when the number of people caught illegally crossing the border has spiked. in the month of november, almost 70,000 people crossing. that is up about 64% compared to the same time last year. it also comes as migrant caravan from honduras is making its way to our southern border. some people suggested one of the reasons they're making their way here is because joe biden to be more lenient on immigration. some other reasons. there have been recent hurricanes there. many people are displaced from those. on top of that there are economic downturns there because of the coronavirus pandemic. so all of this is converging at the same time, stuart. a lot of people are suggesting, come january 20th, when joe biden is president, one of his first real tests on

immigration will be this caravan making its way to the southern border. stu? stuart: here it comes. grady, thanks very much. bring in "fox nation" host lara logan. great to have you with us today. after that report, and seeing what is going on at the border, seems like we're going back where we were four years ago. not good? >> well, stuart, actually, if you look at biden's plan, his unity plan, what he proposed for immigration and the border it is going much further than where we were four years ago. i also just down in arizona. i spent the last 2 1/2 weeks filming the next episode, return to the border, for my series on "fox nation" and i, you heard a lot of same things your reporter was hearing and i will tell you what you're looking at now, this time, what is really different is that biden has said that he will hold all deportations for the first 100 days. in that time he won't be investigating illegal immigration or you know, any of

the issues with that he will be investigating i.c.e. he will be investigating all the policies of the trump administration. they're all going to be rolled back. he already said that he is going to do that. he is going further than any president in the history of this country because he proposed a citizenship for all people, illegal aliens in the u.s. goes beyond the dreamers. it will, it would literally be the largest program in american history of this kind. that is without addressing any reforms to the system itself. and really what you're looking at is pretty much an open border policy. he is bringing in people that have been the guardians of that ideology. he certainly sent a message immigration is his concern this has been happening for a long time. there is no mention of border security, right? there is no talk about national security. why border security matters. it is treated all the time as an immigration and humanitarian issue only. that is used to effectively you

know, quash the whole debate over border security. stuart: that is extraordinary. open borders all over again. sanctuary states, sanctuary cities. come on, welcome, we'll pay for everything. i think it is ridiculous. >> he is talking about abolishing i.c.e., abolishing hsi. they may cease to exist. stuart: on a similar note, lara, biden's treasury nomination, janet yellen she met with depend the police activists. what is going on with that? >> it is what people should expect. what happens with the prevailing political culture at the moment is that we say one thing. we say that we want to you know, we want better policing, safer policing, better community policing but really what that is masking is behind that is a much more powerful, more significant agenda. that is actually not very popular. it is not well-supported. but what is happening that is that people who are in power and

people with you know the microphone, right? they're the ones that get to dominate the conversation and the rest of the people, millions and millions of americans who don't feel this way, don't agree with this, don't want to see this happen, they just get disregarded by most of the media who have information dominance. we say that, you know, we don't read "the new york times" anymore. it is not true. everyone in business, decisionmakers, people, those are the measures of credibility we still have in our society. and, they ignore millions of americans who don't see the world they do. so you get this sense this is huge movement and it is extremely popular when it is really not. but what they have been very good about doing, going to city councils and local sheriffs elections and district attorneys and they have gone to school ptas and over time they have been you know, basically taking over the levers of power from the bottom all the way to the top. this is their moment now. you can see it in biden's

cabinet choices. you see it in the policies that he proposed. they're going to, look at all the stuff on climate change. they're using climate change in exactly the same way. they don't care in the central valley of california they returned a million acres of farmland to its original natural state. that is desert. it is literally a dust bowl. mostly hispanic people living below the poverty line in central sally of california. highest number of people living in poverty in any state in the nation and highest number of billionaires. stuart: it is unbelievable. lara lowing goon has -- lara logan has no agenda. watch the show on "fox nation." still ahead, lisa booth, kimberly strassel, todd piro. bret baier. what a show coming up. not what's easy. so when a hailstorm hit, usaa reached out before he could even inspect the damage.

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>> hampering the restaurant industry is so sensitive to me because new york city isn't real trouble. you put them out of business and new york city will not recover for months, if not years. >> we will stay open forever. it doesn't matter what they say or do. this is separate. it's just not negotiable. >> i'm for the american people who say enough is enough. the whole farce is over. it's done. >> we could rebound in services and i see think we could see

again next year. >> the picture is not as bleak as these reports say. >> you got too much money in the bank and a good deal of that money is eventually going to get spent on goods and services and be invested in stocks. you know, from that perspective we are in darn good shape going into 2021. >> i look for the gdp to grow in 2021 by 4 and i think that's exciting story. ♪ stuart: it's the new round, is that from the 80s? do you are a member that? susan: do you? stuart: i was around in the 80s for sure. 11:01 here in new york city and it is wednesday, december 16 and a mixed market, small loss for the dow, small gain for the nasdaq and for the s&p. now this. joe biden desperately needs the

voters of georgia to support those two democrat candidates for the senate, rafael warnock and john off off. without a win in both races much of the biden agenda will be stymied. clearly, the stakes are high. the democrats have big plans on climate change, energy, infrastructure, spending and immigration. if they don't win both georgia seats those big plans are in doubt. without two wins it will remain a republican-controlled senate and they will get to chair all the important senate committees that make or break policy. they will chair the hearings into biden's cabinet nominees with the republicans control biden will not get all his people approved. those senate races will decide government policy for at least the next two years. high-stakes indeed. the radical socialist section of the democrat party has a lot at stake too, specifically in the candidacy of rafael warnock.

as henry olson writes in the washington post warnock might really be too radical for georgia. that's what the washington post? the reverend called republicans gangsters and thugs and accuse them of killing children by cutting taxes. the left like that kind of extreme language. john also off other democrat is the kind of candidate that the party needs to bolster its image but he is young and very wealthy. add it all up and you can see the stakes are very high. it's a must win for democrats if they want to get anything done and it's a must win for the republicans if they want to roadblock socialism. twenty days till the vote. third hour of varney is about to begin. ♪ stuart: lisa boothe is with us. you heard about georgia, super high-stakes. i'm sure you will agree with me.

>> hello, stuart. super high-stakes indeed. i agree with everything you said except for one point. i would put joe biden in that radical camp because there has been this positioning of joe biden as if he has some sort of moderate but he is not to. he abandoned those moderates beliefs along the campaign trail for politically expediency. we saw that with his views on fracking. we also saw his views on his long-held opposition to taxpayer-funded abortions and abandoned that belief and abandon his support of the hyde amendment in favor of taxpayer-funded abortions so joe biden is not a moderate. that is the danger in democrats potentially having a super majority because they will push forward those policies things like the green new deal and they will push forward the socialist agenda. stuart: there is one more thing which i should've brought in and which i missed out and that is gina mccarthy nominated to be part of the climate team.

she is a gung ho for climate change or rather for mitigating climate change. what she will be able to do does not depend on control of the senate so i missed that out and that's particularly important. >> and that is such a great point, stuart. there's a lot that joe biden can do even without a democrat super majority. as you pointed out, he can do things with regulation or even talking about rejoining the paris climate accord, which we know would decimate industries like iron and decimate an industry like natural gas and coal would cost or economy or gdp trillions of dollars, millions of jobs and send those jobs overseas because china is not going to be accountable like we would hold ourselves accountable and to think -- i don't understand about the left climate agenda which, joe biden says he doesn't support the green new deal but works with aoc and bernie sanders on his climate policy so it's essentially the green new deal impossible but what i don't understand about these leftists

and their agenda with the climate is they are taking us away from reducing climate emission because where we have shined is natural gas which is allowed us to actually reduce emissions and what they want to do is completely take us away from that and it would do more harm to our economy and take us further away from actually reducing climate and missions so it doesn't make sense on its face and devastate our economy in the process. stuart: let me show you white house press secretary kayleigh mcenany calling out the media's coverage of hunter biden and eric swallow well. watch this. >> when the eric swallow well story broke gas for many minutes of coverage and got on abc, nbc and cbs? zero. interesting pre-election and postelection coverage to the hunter biden scandal which was not covered at all by many outlets in the lead up to the election. stuart: by the way, new york times has not covered at all the eric swallow while chinese spy

situation. what you make of this? >> i think it's time to stop calling the mainstream media media because they are not the media. they are topic and as for the left and they showed themselves to be liberal partisan hacks over the past four years. one by repeatedly lying about president trump and the administration and also not covering democrats in full. they did not dig up any research about joe biden or hold him accountable or even bother to vet him as a candidate. as you pointed out in kayleigh mcenany completely ignoring the hunter biden story and i was with intent. that was purposeful because they wanted to change the outcome of the electorates and they cannot be trusted and it is time to call them something different. they are liberal hacks for their not the media anymore. stuart: they are propagandists. that is what they are. they're putting out propaganda. >> bingo b1 lisa, i'm sorry i'm out of time because you are really going stronger and that was good. lisa boothe, we will see you again soon back thank you,

stuart. stuart: look at the markets. don a bit on the dow up a bit on the nasdaq and the s&p. time to bring in mark tapper. are you talking about tina again and not related to ti na, there is no alternative to stock and is that what you're on about today? >> that's it, man. this is a tina situation and to use another acronym, bobo is driving the market higher. there is no alternative and not a lot of accent classes and one is bragging about the bonds they are buying right now so stuart there is this thing called equity risk premium so it measures the attractiveness of stocks versus bonds. if the earnings yield on the s&p minus the ten year treasury deal. the average historical is 60 basis points. when it is above 60 stocks look better than bonds. were at about 250 right now so stocks are still a heck of a lot more attractive than bonds and i agree that the easiest money may

have been made but 2021 looks very promising. stuart: okay. we've all through the show and we been on the air now for two hours and eight minutes and all the guests who have addressed the market or the economy are pointing towards a very strong the stock market rally in 2021 and a very strong economy. you are in that camp, aren't you? >> yeah, i hampered i think the stock market will be strong, stuart. the issue here is the discrepancy between main street and wall street. we cannot experience another lockdown. a lot of these small mom and p pop's missus could go under and it might be the nail in the coffin and they may never reopen. that is key for me, stuart. we need to make sure we keep the small businesses open so the economy means vibrant. stuart: wing stop, isn't that a company that sells wings as an chicken wings as in restaurants? do you like them. why do you -- they are up today. you been buying? >> yeah, they're delicious. i will buy some to eat tomorrow.

look, as i just said mom-and-pop shops, mom and pop restaurants could be in trouble, especially with the lockdowns on the way. bigger chains are much, much safer, in my opinion. especially, when they make food that travels well via delivery, whether it be pizza or wings makes it better. wing stop has been on our watchlist forever and we been waiting again to get in at the right price and just got in a couple weeks ago when he came back to the 200 day moving average and we bought some. look, whether it's dining, take-out or delivery they have all the bases covered and now have free delivery and they are digital game is strong basically the dominoes of chicken wings so they are improving their brand awareness and that should help to lead to multiple expansion and from a franchisee perspective this is one of the fastest returns of investment for franchise owners prayed that should help them to continue to grow units as well. stuart: dominoes of chicken wings but i shall remember that expression. mr. mark tepper thank you for joining us.

susan: is that a compliment? the dominoes of chicken wings? stuart: i'm sure it is the size and expansion of the company so yeah, i guess. we've got a mixed market for it how we got a big movers? susan: let's check in on vaccine maker of the week, moderna. supposed to get faa approval but despite that it's down five and a half percent because both morgan stanley downgraded the stock to hold from buy and both those still say it's worth $150 but down around 3% this morning and as it heads into the s&p 500 after the market closed friday so i would say that rebalance on friday means $80 billion had to go in and out and a lot of that has to buy tesla stock with its inclusion. let's check in on twitter. worth around $65 according to j.p. morgan and one of jp morgan's top picks for next year on recovery and ad dollars. twitter alphabet facebook, telecom list are the byes in 2021 according to j.p. morgan

but also, chipotle is rallying and it had its upgrade to up buy and people says it's worth $1,500. it is because of its resilience but finally, speaking of big money, check-in on bitcoin. surpassing 20,000 for the very first time. headphones are rushing into by and and that's probably why the stock or why bitcoin is rallying today so guggenheim spending around $500 million and one river buying a billion dollars worth. that is the top of the adoption that we've seen in square, paypal and robin hood. stuart: you missed one. susan: i did? stuart: microsoft up over three dollars. susan: that's almost one and a quarter percent. stuart: requirement -- retirement territory. it could be months before the general public it's vaccine but when that happens could you require, could you be required, forced to get the vaccine before you go to work? todd piro is a lawyer and he is

with us and has an answer for us later. social executive medias who dominated donated to the campaign and many are staffing his transition team. does this have anything to do with the media hiding the hunter biden tax scandal? we will seat next. ♪ this holiday, get iphone 12 on the 5g

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did you know liberty cemutual customizes your car insurance so you only pay for what you need? just get a quote at libertymutual.com. really? i'll check that out. oh yeah. i think i might get a quote. not again! aah, come on rice. do your thing. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ stuart: new data shows facebook and twitter executives donated a great deal of money to joe biden's campaign. susan: according to docs documents fox money review looks like it went to joe biden and the democrats coming from

silicon valley and i'm sure it doesn't surprise you but the center for responsive politics says 90% of the political contributions and the cycle from internet companies was to biden and the democrats. a lot of these big donors as well, look at these tack ceos and billionaires, he and his wife spun around $24 million to democrats and the other co donated $7 million and reed hastings and his wife donated by lane dollars i think it's pretty obvious and it's not something we don't know is that most of the money for these big tech companies go to the side of the democrats. stuart: it's interesting that big tech contributes all this money and then blocks the hunter biden's story from getting out there to the general public but i find that extraordinary. i think chemist russell from "the wall street journal" will also find it extraordinary. it is amazing, isn't it kim. yet these executives from big tech donating all this money and then they block the story about

hunter biden and then they stack the biden transition team so what on earth is joe biden supposed to do now about big tech? >> stuart, i think that puts more focus yet again on these georgia senate races because we talk about how everybody in washington is mad at facebook and that is true. matt at all the social media companies but their solutions are very different. republicans want to force these companies to stop censoring and to allow more free speech. democrats want them to continue doing what they're doing in favor of democrats locking conservatives and shutting down any kind of speech they don't like. and so, you know, if democrats are running the senate and joe biden is in office i think these companies become worse, not better. stuart: what about, should it be a special counsel to investigate hunter biden business dealings? or should we leave it to the next attorney general? which way should we go?

>> yeah, i hate special councils. okay, anybody who needs to understand the real problem with special counsel only needs to remember the recent history of bob mueller but they are unaccountable to anybody and they leave a trail of wreckage in their wake and they tend to get a lot of pull a lot of people who aren't even involved in, rack a lot of people's lives and we have a justice department that is supposed to work and i don't see any reason why it can't work here. you've got a u.s. attorney and delaware who is been looking at this for two years and this is a financial transition investigation and do it all the time and put joe biden's attorney general on the hook to make sure that there is no political interference. stuart: yeah, but couldn't joe biden appoint an attorney general who will see things his way? >> oh yeah, he will. my point is we've got a whole crew of professionals out in delaware who have been working

on this. i can promise you, stuart, if the staff is transferred and if they are told how to make an outcome and they are interfered with in any way it will leak and there will be a lot of political blowback. that's what i'm saying. joe biden's administration and his attorney general should be held accountable for making sure that there is no political interference and that this investigation let the chips fall where they may. stuart: so this will hover over the incoming a ministration for quite a long time, i mean, this thing will not go away in a few days or months? it will be hovering right there. will it stop the biden team or the administration from doing anything? will it hobble them in any way? >> i don't know if it will hobble them in every way. look, i think there will be a lot of scrutiny on this attorney general pick and that's in my mind why he is not made it yet and he's probably waiting to see how the senate goes so we can

decide how aggressive to be. some of us, i think probably you too stuart warned about this before the election. warned the media that was ignoring this story, they said not going away. far better to force joe biden to talk about it then get it out in the open and let the american public make a decision based on the information at hand then to go in and suddenly have it hovering, as you say, over the administration shadow. stuart: i don't know anybody in the media who has dug into all these things that a been going on over the last four years like you. you kept your hands on the details in an extraordinary way. i can't keep track of who said what to whom but you been doing it for four years and your terrific at this. kim stossel thank you for being on the show. see you soon, thank you. stuart: i'm skeptical about the story and lift ride sharing people they are expecting to roll out deliveries of driverless taxi services by 2023. can't see it. susan: i don't think it will happen.

stuart: would you get into one? susan: after it's been testing but a lot of people are still testing out driving. stuart: by the way, walmart is expanding its program for driverless deliveries and testing the service in arkansas and i believe, and louisiana as well. next case. new york city. absolute -- while this has been coming for a long time, hemorrhaging people as people move out and as the exodus out goes the money bret ashley, how much money are we talking about? ashley: how about $34 billion in lost income rate at which. that is the impact of the mass exodus out of new york city. this comes from unicast, location analytics firm and pay attention to these numbers. it's a bit baffling. it says this company and this report says we .57 million people fled new york city between january the first and december 7. this year. but will are replaced by

3.5 million people earning lower average incomes. that means that the city lost a net 70,000 people during the pandemic. the report says that the exodus is not as dramatic as people believe however, the bigger impact has been how the population and demographic is changing in the city. by the way, the research used cell phone location data to make this report and to track how people moved in and out of the city. fascinating. stuart: nice to see objective evidence of the exodus and that is what that is. ashley: yes, yes. stuart: ashley, thank you. let's switch gears to capitol hill capitol hill. speaker pelosi announcing a new requirement if lawmakers want to be recognized on speaking on the house floor. watch the requirement, actually. ashley: on the house door speaker pelosi said members will not be recognized, which means invited to speak, if they are not properly wearing their face

coverings. pelosi says recognition will also be withdrawn and this is the new part if those masks are removed while the lawmaker is speaking. that is the difference. before they've always had a mask requirement but many of the lawmakers would take them off when they gave their speech or answered questions and the majority of states have masked mandates in place, including the district of columbia but there is no uniform rule nationwide and president-elect biden, as we no, said he may call for americans throughout the u.s. to wear face coverings for 100 days once he takes office. stuart: fair enough. look, you can't really communicate in a mask. you can't have a conversation. ashley: it's very difficult. stuart: you can't tell the emotion. ashley: and it builds up carbon dioxide as well. stuart: i forgotten that one. susan: . ashley: yes. stuart: george biden tells georgian residents vote like your life depends on it. early voting is already underway

and bret baier on the state of play in georgia. northeast racing for a blizzard and could not have come at a worse time. it threats holiday deliveries, vaccine shipments, restaurants to survive in the full story coming up for you. ♪ turn on my tv and boom, it's got all my favorite shows right there. i wish my trading platform worked like that. well have you tried thinkorswim? this is totally customizable, so you focus only on what you want. okay, it's got screeners and watchlists. and you can even see how your predictions might affect the value of the stocks you're interested in. now this is what i'm talking about. yeah, it'll free up more time for your... uh, true crime shows? british baking competitions. hm. didn't peg you for a crumpet guy. focus on what matters to you with thinkorswim. ♪

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stuart: we been open for two hours and that is the stock market and it's a go nowhere day. minor gains for the s&p and the nasdaq, a minor loss for the doubt. move on, show me starbucks. how about this? they are suspending their happy hour program. there is concern that the stores get too crowded and the two for one deal days have been scheduled for tomorrow in january 7 and it's gone and off and the stock is down just a tiny fraction. most important news around here for us in new york city, massive snowstorm is about to hit the northeast. we have and it cannot come at a worse time, believe me. christina is live in the city and will the storm affect vaccine shipments, christina? reporter: well, the underlying i guess seeing right now is no, it

shouldn't. we know that mother nature has a way of wreaking havoc on shipments when it comes to vaccines or even your holiday gifts because the northeast is expecting its first major snowfall in two years and it could dump almost a foot of snow. when it comes to the operation, chief operating officer, did speak to reporters and say over the coming days we should have about 2.9 million doses that will be shipped out but there will be a safety stock. what i mean by that is there will be back to vaccines held back just in case there are any weather delays in the next 24 hours and they can ship them afterwards. we reached out to eps as well to find out specifically if they're concerned about vaccines and they said they have a health command center set up in kentucky to follow the vaccines and said quote, they have a contingency plan should it appear that a package may be delayed and we reached out to

fedex as well they said a very similar statement and they have meteorologists following us but when you have almost 3 billion packages expected this holiday season it is of course a wonder that maybe you are worried that your package won't make it there. fedex says make sure to follow your package online for any delays, it could happen, back to you. stuart: i will try. christina, thank you. i want to bring in todd piro. i like to call todd a recovering lawyer. occasionally he addresses legal issues and here is a good one for you, todd. can companies mandate the vaccine for their employees? >> a lot of people are talking of this and it does depend but generally yes. in the interest of public health they can say look, we need to do this and as you know, unless you have a contract or in a union you are an at will employee, by a large bird and employer can get rid of you for any reason. except certain things. let's say you want to fight this, right?

you will claim it interferes with my religion could religion it really is a protected class and you can go to your employer and say i can't take us because of my religion. employer then probably has to reasonably accommodate you by allowing you to work from home or some other type of thing and there is are you in a public union or private union worker and that is another consideration but by and large if you're looking for a short answer the answer is yes. stuart: we will take that answer because i can see it happening a lot in america and the next couple of months. here's another legal issue for you. several governors are being sued over the virus shutdown orders, including new york's governor cuomo. todd, will any of these lawsuits really go anywhere? >> will be seen with these lawsuits, stuart, going back to religion paid when you involve religion the courts have been a little bit more inclined to side with churches, synagogues and the like. when it comes to businesses we are not seen success with businesses suing the state actors, whether the governor, attorney general or things along those lines. that's on an injunctive front. you're not getting the injunctive relief and there's

good they sue because you are telling me i can't work and you got to compensate me. i need money. keep in mind, so many of these states have rules in place that you need to ask the state permission to sue them and in the current environment when these guys aren't getting tax dollars, being the government, i doubt these governors are going to say sure, sue us. we will give you money. it's an unfortunate situation and goes back to how shutting down businesses is really hurting the businesses because they don't have an opportunity to make money and again, probably not going to be able to sue. stuart: happening all across the country and folks are in revolt. we talked todd piro, thank you for joining us. now this. let's get back to tom cruise. on an exclusive tirade on the set of mission impossible. i know we've done this before in the last hour but we will do it again because. susan: we did not do it in the last hour, maybe a few hours a ago. stuart: 9:00 o'clock hour. susan: it's the most talked about story on social media.

everyone has an opinion that a movie star tom cruise screaming at crewmembers that were not following covid rules by socially distancing which threatens to shut down production and he's irate. listen to this. >> we have created thousands of jobs [bleep] and i don't ever want to see that again. ever. if you don't do it, you're fired. if i see you do it again, your [bleep] fired. susan: it sounds like cruise is in the midst of a scene but look, he says he's trying to keep filming going so families can be fed, roofs can be kept over their heads and they can pay for schooling. lively heads are at stake and people are counting on them and some are reporting that the shouting tirade left members stunned but look, it's been a tough year for the film industry. theaters have been shut down and they lost $160 billion of the next five years so yes, continue to work, continue to feed your family if you can print it make

sense to me. stuart: i thank you should have gone on a tirade against california's governor newsom. susan: there filming in uk right now and i think has a point. it's easier to socially distance and to wear masks than to say line up at the unemployment lines, don't you think? stuart: open the restaurants in california. quit ruining people. scream at the governor, why don't you? next one. deathly silent in the studio. i'm told cameo's website where fans can book personalized shout outs from their favorite stars. i think we will get competition. is that right, ashley? who? be great by the way, shouldn't tom cruise be wearing a mask throughout the entire movie based on his tirade? he's not going to wear a mask. you know? just wanted to point that out. anyway, i digress. facebook is working on a new video product that will let people pay content creators or celebrities for the chance to interact with them during a live

forecast. it is called super and allows viewers of interactive live events to tip creators by buying them digital gifts or to pay to appear alongside of creators during a live stream or even ask the question to take a selfie, digital selfie. the company is testing a product internally but could strike a chord as more public figures like to connect with fans. facebook is also, by the way, rolled out an update to cloud, an app that launched for musicians to collaborate with their fans on their music and all about the digital platforms. it's unclear if this super tool will launch as a standalone app or be built into an existing facebook product, stuart. stuart: here's one more for you, susan on tom cruise bird what you make of a multimillionaire screaming at the plebeians connect. susan: delivery could've been more, i can say more contained. stuart: can you say arrogance? susan: i think there was emotion

and passion. they are actors for a reason but i agree, delivery could've been better but i think his point was well taken. stuart: susan, we shall agree to differ. what would it take for you to be comfortable flying again? while not you but i would get on any plane any time paid one airline hopes to inspire travelers with new dance moves. we do take the stuff seriously and we will tell you about it shortly but there you have it, on your screen. the trump campaign asking for supporters of the president should run again in 2024. will he? i asked bret baier and he is on the show with us next. ♪ ♪

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>> you voted as if your life depended on it and guess what, now you will have to do it

again. yes. you still need to vote as if your life depends on it because it does. stuart: that was joe biden making a desperate, very strong plea to georgia voters. both democrats. with 20 days away from the senate runoff votes in georgia. bret baier is with us. bret, what is the state of play in those two races? >> stuart, good morning. i think the advantage goes to republicans just by how the race set up before the runoff which is january 5. david perdue was leading and did not get to 50% but leading by a significant chunk. if you added up all the republicans in the other race, they were beating raffaella warnock. the issue is that the runoff is different and there has been a big turnout, get out to vote effort by stacy abrams down there and others and so it may be very close. the real question is who turns out and does the disaffected trump supporter, because of the

challenges of the election, especially with the president has said on there about the governor and the secretary of state republicans both, does that affect turnout in this senate race and that is the real? stuart: am i right in saying that the democrats do not win both races the republican state in control of the senate and therefore can put the can wash on a lot of incoming president biden's policy suggestions? stuart: >> yes, definitively. that is what the republicans are running on down there. you saw the issue of socialism and the hard left play and a lot of republican races. this was to their benefit around the country, especially in places like florida. that is what they are using as the playbook here that they need to have this stop. i will say stuart, if democrats do when the two seats it is still 50/50 and the tie is

broken by kamala harris, vice president. but you have other senators there like joe manchin, kiersten cinema are question marks on some of these stuff and have already said some of them that they would not vote against killing the filibuster. there are other things that could happen but republicans pushing control. stuart: it's a narrow split whichever way it goes in the senate and also now in the house. maybe that puts some limits on the wyden team because if you don't have a strong majority here or there you have a hard time getting stuff through? >> yes, what it means is no matter what happens with this race on january 5 for both chambers is that moderates, democrats and republicans who get together and form kind of a cabal, a group, and come up with their own compromises were going to have a lot more power than they did in the previous congress. in other words, as senator mansion, senator romney, senator cinema, a new market kelly from

arizona, rob portman from ohio, all these people could get together and move policy. stuart: the trump campaign sent an e-mail to supporters asking if he should run again in 2024. do you have an opinion on that? >> i think he's lining up to do it. everything we hear in washington is that the stars are aligning for some sort of announcement, whether he follows through and actually runs in 2024 i think he will suggest he is going to and just by doing that, stuart, it will freeze the field. there are a lot of republicans were looking at 2024 already but with trump in the race it's a different ballgame. stuart: are you feeling tired, bret? we are coming to the end of an astonishing year in news and politics an event right at the center of it throughout the entire year. a little weary perhaps? >> well, i mean, i'm ready for the holidays, i think.

listen, this is our bread-and-butter. we will be down in atlanta for the runoff and we will be in washington right on the mall for inauguration. these are big moments in history. there is a lot of controversy surrounding him and we are just trying to cover it fairly. stuart: bret, i think it's a privilege to be sitting here talking about the news and politics at a year like this. i think we both benefit. thank you, bret's. we will watch you tonight 6:00 p.m. eastern, special reports, great political show, fox news bread thank you, bret. see you soon. >> thank you, stuart. stuart: i want to show you -- not all the airlines but a mixed bag but i want to show you alaska airlines. not because this will affect the stock price but because it's interesting. they released a new music video to inspire people to fly again. watch this. ♪

♪ stuart: that's alaska airlines. no problem with that as far as i'm concerned but just as long as i don't have to do the dancing. good demonstration and that's all it is. susan: we don't need to picture that either. [laughter] stuart: let's go back to the airlines because j.p. morgan is downgrading two of them. susan: did you see the robot? can you do that? jetblue double down from j.p. morgan so from overweight to underweight. think of a buy to sell with the dramatic analyst community. j.p. morgan says recent value we've seen in the airlines since vaccine news means is not a whole lot of upside left and after thinking about it there's not enough reason, they say, to continue recommending buying the stock but j.p. morgan says you should still buy delta and alaska airlines and maybe not the dancing videos or, you know evaluation. stuart: if you missed the bounce it's late to try to get in on what might be a second bounce down the road. susan: were still close to half

way up to the 52 week high record levels with those airlines so be selective. stuart: got it. the administration says it will complete 450 miles of border wall by the end of the year. what happens then under the biden presidency? go back to the southern border for another live report on the wall. will be back. ♪ - i sent your new prescription to the pharmacy.

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to lose weight quickly and easily with golo. head to golo.com now. that's g-o-l-o.com. stuart: 70,000 people were apprehended crossing the southern border illegally. let's go back to grady trimble at the border wall in arizona. the question is, grady, is the border crisis coming back? reporter: stuart, it is something we should be paying attention to in the coming months as the biden administration is set to take over in january. one big difference this time around though is as caravans make their way to our southern border there will be many, many miles of this border wall, nearly 150 miles of it set to be complete by the end of this year. one thing that we should watch very carefully is this migrant caravan making its way north

from honduras through central america and eventually their plan is to make it through mexico to the southern border. that is something that is causing part by hurricanes of experience down there this year and the economic downturn from the pandemic but also any immigration hardliners are suggesting it could be because of the biden administration which will take over and, as we no, be much more lenient on immigration. here is customs and border protection acting commissioner mark meadows this morning. >> if you look at what the biden administration, the policies will be, it's not just about stopping construction of the border wall but about providing amnesty to millions of people. it is about getting rid of the cdc order, migrant protection which ended catch and release. reporter: that? morgan with customs and border protection. we should also point out the biden administration does have a plan to commit $4 billion to do

what they say is correct the root causes of immigration in central america but as the caravan makes its way north, a lot of people say that that will not happen quick enough and that is over four years. this is something that's immediate, stuart. stuart: yes, it is buried grady, thank you indeed. quick check of the market shows a modest downside move for the dow and 30,150169, 160 to be precise. mar varney -- more varney after this. ♪ itamin c, d and zinc. season, after season. ace your immune support, with centrum. less sick days! cold coming on? zicam® is clinically proven to shorten colds! highly recommend it! zifans love zicam's unique zinc formula. it shortens colds! . . . .

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♪. stuart: i know that. that is the "star wars" music, isn't it. susan: for darth vader. stuart: why are we playing that? susan: trend for christmas. the star at the top of the tree, you know what is going up there? baby yoda. one of my favorite stories of the day. baby yoda is doing very well. i've seen multiple pictures on social media. they are saying this is 2020 trend for christmastime this time around. stuart: must be doing well if you see, multiple, multiple pictures on social media. a clear blow out winner. susan: one of our producers says baby yoda is on top of the tree. he is already a star. stuart: you know exact what i think about that. you want to go back to tom cruise, discuss that. susan: i will tell you this.

tom cruise, rant, screaming at top of his lungs, it is some days on set, don't you think? stuart: moi i'm not a multibillionaire like tom cruise. he is not worth a bill. susan: he is worth a lot. stuart: my time is up. three, two, one, neil, it is yours. neil: catching the whole thing with tom cruise. you are against the way he was ranting and waving, even though he is very passionate about covid and following the rules? stuart: he should save his rant for those who deserve it, namely the governor of california. neil: okay. stuart: take that. neil: so just seemed like you were getting mean and nasty with mr. "mission: impossible." yours is a pressure job. stuart: don't you love to see the multimillionaires, world famous stars, ranting,