tv Varney Company FOX Business December 17, 2020 9:00am-12:00pm EST
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maria: markets opening with another record for the nasdaq, heather? >> this jobs report on congress to act to get the fiscal stimulus, a relief spending past, i don't even think it's a stimulus, relief. happy birthday to my mom. i am and see my parents for a while. maria: dagen mcdowell, heather zumarraga great to see you. "varney & co." coming up. take it away, stu. stuart: good morning. new york city just took a heavy blow, a blizzard has shut us down and this comes on top of the bar and restaurant shut down, theater shut down, store shut down in these giant office buildings remain virtually empty. we are not done with the mayor threatening another full lockdown after christmas. it's time to question the whole lockdown policy, not working. it may slow the spread, but when restrictions are lifted the virus comes back and when
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restrictions come back, more business owners are rear-ended. yes, the vaccine is the way out, but will be months till everyone is inoculated and this city keeps sinking. who would've thought a year ago that such a great and vibrant place as the big apple would be brought so low. bad policy did it, the snowstorm made it worse, but we are here and for the next three hours we will cover everything you need to know. "varney & co." is about to begin. ♪ run, rudolph, run . now, there's a guy. susan: with the snow out there, it's hard to run. stuart: it's a blizzard out there. hitting the news this
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morning, another world leader tests positive. the president of the france will go into 87 date isolation phase. he will keep working, ironically france just ended a straight lockdown. on the vaccine front, the fda panel meets today to consider moderna's vaccine work it's widely expected to get approval, the distribution can begin within days and it will be easier than pfizer's vaccine because it doesn't require super cold storage. you are looking at another rally, your 4o1k with the dow jones at the opening bell-- at the open it will be up about a hundred points, s&p, nasdaq also on the upside and again i'm going to say it, yes again, it's really looks like we get a covid aid package by this weekend. no liability protection for businesses, no major bailout for states, but emergency extended for the unemployed. it's a skinny deal, but
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appears to help the market. look at this, bitcoin breaks out and at one stage earlier today it neared, got closed to $24000. it's up 20% since tuesday, 22885, believe me that is a story and we are on it. we are also on the housing market. it is booming. work began on 1.54 million homes, that's a blowout number. there is a real shortage of homes for sale i'm a but they are building them big time. i saved the best of the news till the end, but that's the news of the day, this is thursday. florida is open for business in sharp contrast to the lockdown of new york. here is governor desantis now to support those who want to work. >> we have your back if you or someone, a waitress or a cook or a family-owned business work you are important part of our state.
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you are working folks who work hard to make a living and you have every right to do that and you can take it to the bank in the state of a florida, you will have that right defended by the governor. stuart: we got more on the florida versus new york and other states later in the show and by the way, we have more examples of officials ignoring their own rules. back to the markets, we are going up at the opening bell across the board with plenty of green. stimulus likely, vaccines on the way, very good housing news. that makes you bullish for 2021 along with just about everyone else. >> it does, stuart. we have been talking about all the good numbers coming through, all of the money still on the sidelines, that 2 trillion dollar pot i keep talking about. we will talk about bitcoin later, that. that is committed to bitcoin, coming into the stock market and we see these new all-time highs and when we dig into the numbers, we have had
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about eight straight years where we had been hitting new all-time highs every year, but in the 80s, post-world war ii, those strings can go on for 12, 15 years, so i believe we have more for the ball to run. stuart: i read your stuff, as you well know, and you are telling the uber is a pandemic play. tell me more about that. >> i believe uber has good balance for the pandemic as we move forward with cases is still surging, hospitalizations still going up, troublesome news, vaccine kind of balancing it out for the market, but i think what uber sees is they have not a single service like lift, but they have a number plus, who brought-- uber eats up over 190% so if the pandemic issues stream out uber will play that an proposition 22 was such a huge win for uber
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, precedence setting, and i believe it will keep their business model in place. uber is looking to be of much bigger company to be your transportation coming for freight, food delivery, to get you from point a to point b to get everything in one hub as if they realize that it's going to be a much bigger company. think disrupter like amazon. stuart: we hear you. called on for a second because we will talk about bitcoin. in fact, we are going to talk about it right now with susan because of the price now 23040. susan: 200% rally so far this year ended the debate amongst investors is that does bitcoin go higher or repeat of 2017 likely that the end of the year? guggenheim chief investments officer says it's going to $400,000 a coin. wide? not a whole lot of supply, not a whole lot
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of bitcoin so it's limited. at this time it's not just young millennial speculating. we are talking about established hedge funders and by the way the popular way to play bitcoin this year's that look at the grayscale bitcoin trust here if you don't have 23002 by an entire bitcoin you can get slices. stuart: was the name of it? susan: grayscale bitcoin trust. stuart: we will take. here's a question for you, sir. would you ever touch bitcoin? >> well, i have touched a bitcoin, stuart. i have one of my family members, my son is in bitcoin since $200, so good on him. here is the thing susan talked about the institutional investments, but the institutional acceptance is also growing. we are looking at paypal accepting and providing
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trading services. we are looking at fidelity jumping into the fray, square allowing payment. we have much more-- this is a different game than we saw in 2017 which as susan said was just a lot of retail investors. now, this thing is broadening out as people are seeing it as somewhat of a scarcity play with a limited number that as the yacht currencies spread and we print more money that it is something that's going to appreciate relative to the dollar, the euro, so i think it has some more legs. stuart: congratulations to your son. that was a fine investment that young man made. thank you. i want to get back to the housing numbers because they were spectacular. housing stocks in november came in at 1.547 million units, that's how much of building has begun. that's an astronomical number i can't ever remember a time when
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building starts came in at that level and of building permits also sharply higher at 6% gain in november so they are bringing up-to-date on the markets with bitcoin doing well and housing booming, stocks rallying. fda needs-- actually right now considering moderna's vaccine. how soon? susan: friday clearance is what we are looking for if all things go well in this meeting today to review the vaccine. it looks fairly light that that moderna trials were nearly 100% effective in preventing covid and especially in severe cases. no safety issues yet. side effects like headache and fatigue have been common, but it doesn't really last long. likely a second vaccine available tomorrow. good news. stuart: very good news. fda authorizing habits
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rapid covid test for at-home use your come on in, ashley and good morning, by the way. when can i get this and how much does it cost? ashley: it will be available in the first quarter of next year and will cost $25. doctors must prescribe the test. is called by next now, everyone 15 years or older suspected of having covid-19 by their healthcare provider and in the first seven days. is actually an antigen test using a nasal swab delivering results in about 15 minutes on a testing card and an will help the patient through the process work it's the third at home covid test to be approved at. atlas says 30 million rapid test kits will be available by early next year. stuart: rapid testing makes a enormous difference. again, one more time we will open the market to the up side in a few minutes. up 100 dow jones, 70 odd
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for the nasdaq. congresswoman as xander at cortez says it's time for nancy pelosi and chuck schumer to go. listen to this. >> are you ready to say pelosi and schumer need to go? >> i mean, i think so. stuart: i think so. sounds like the start of a revolt within the democratic party. we will shortly have more enough for you. speaking of rubble, some restaurant owners are defying pennsylvania governors nearly monthlong indoor dining band. pennsylvania congressman will join me on that just after this next commercial break. ♪ ustomize your car insurance so you only pay for what you need.
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stuart: fifteen minutes after 9:00 a.m. and we are opening the market in 15 minutes with a green across-the-board. we have some earnings report before the bell including from the serial people, general mills. susan: cheerios, wheaties, do you like them? stuart: they have been around a long time. susan: they are doing really well at general mills with baked goods selling better as people are stuck at home so test food sales jumping over the summer. stuart: i can see rite aid. are they still around? i thought they closed. susan: drugstore operator rite aid surprising with a profit instead of a loss with more people picking up their prescriptions and buying pharmacy goods in this year of covid. i picked up lipgloss
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there the other day. i might share it with you later. stuart: please do. susan: you mentioned the housing starts and permits astronomical year in this boom and housing with profit sales higher in real estate really benefiting from record low mortgage rates. anecdotally a lot of real estate broker say there are a lot of fine deals heading into the years in. stuart: it is a boom. susan: definitely. stuart: talking about a boom, i'm sure you saw this. susan: it's very good to. stuart: down today, but way up yesterday. susan: they were at 1200% yesterday. it was their ipos so they price their shares at $5, another example of a ipo system and there's a lot of criticism this morning rewarding wealthy funds are not the employees are vendors because if you think about it the
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investor funds that got in at dollars, turn around, 1200% gain in less than 24 hours. stuart: it's just not fair. susan: it's not fair and who should benefit is the one that has toiled blood sweat and tears in the company over the years. stuart: the employees. susan: correct. stuart: next, the stimulus looks like we will get it. how many times have i said that? this time, i mean, it. pennsylvania congressman dan meuser joins us now. we understand there's any-- new deal here with help for small business, but not liability protection and it doesn't have major aid for states. that's the way it appears to me, but i'm asking you, carson, are we really going to get it? >> good morning, stuart. yes, certainly looks like this proposal will be voted on within the next couple of days and as you mentioned it as ppp, which we have been waiting on, nancy pelosi waited until after the
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election for small businesses. it has stimulus dollars, and has vaccine distribution, it does have someone implement, sedation-- compensation, money for schools and a lot of good things, but as you mention the trade-off was the state funding versus liability prevention protection and the idea that democrat leadership abandoned the funding for states for giving-- four caving to trial lawyers is a story in itself, i mean, it's a very special interest play pick it it doesn't make any sense. they gave up $160 billion to states in order to cave and provide for the trial lawyers lobby. no one expected that, frankly, and we are talking about gross negligence here, not a temporary gloat-- gross negligence, so it's a
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pretty odd decision that was made. frankly, not in the interest of the people. i was or the problem solve our caucus and that has changed. stuart: they will be back in the new congress. they will be back asking for bailout of the major democratic states. >> per slave seek. stuart: whether it happens later or not i don't know, but they will be back. real fast, pennsylvania banning indoor dining all the way through till january 4. is that popular in pennsylvania? >> no, it's very unpopular. what the governor of pennsylvania needs to do is talk to these restaurants that are in fact to staying open and those doing their best to survive and abide by the restrictions and have a conversation solution eric, talk to the restaurant owners, proprietors on how they could keep staff and customers safe yet stay open in a reasonable manner so they have a slowdown, but not a shutdown. the governor is not making a decision in
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inclusionary manner, making them in isolation and when we do that we are often wrong and that's what's occurring here so we have a problem. the governor should speak with these restaurants that have to stay open and figure out the best plan, the smart plan, safe plan and open plan. stuart: congressman, thank you for joining us. amazon says their warehouse and grocery workers should be prioritized for the vaccine. hundreds of thousands of employees. susan: including whole foods. amazon argues their front-line staff has been getting important item to american family string the pandemic in their front-line staff should receive the vaccine at the earliest appropriate time. amazon joins other companies that have raised their hands like uber, doordash, restaurants, airlines and meatpacking arguing our workers should be ahead of the line as they provide essential services. amazon's case they have the argument they are
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one of the largest employers in america, second-largest behind walmart with 800,000 workers a. stuart: everyone wants in first. that is not all, by the way the national retail federation is pushing for the rest of the retail workforce to get the vaccine early to tell me more about that, ashley. ashley: absolutely. the nrf president who is a frequent guest on this show issued a statement saying in part quote the industry invested billions of dollars to provide for protective gear and training for their associates and to make the necessary changes to achieve and exceed health and safety recommendations it goes on to say quote it's critically important those working in our nations of stores, distribution centers, warehouses and throughout their retail ecosystem are among the early recipients of the covid-19 vaccine and also adds that the retail industry employees 32 million
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americans in the safety of the workforce and their customers has to and must be a high priority. stu? stuart: who's going to get it first? 32 million people. the market will open imprecisely eight minutes, seven minutes time and we are going to go up with plenty of green on your screen. back in a moment. ♪ some hot cocoa?
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stuart: our guest this morning as bradley. bradley is a big hitter, the man did a lot of things across the country. bradley, you have a report look into the future and what you expect to see and i have read. i just picked out a couple of points here. you think global sports betting logoed nationwide. that's a very big deal. >> absolutely. the main reason why in the viewers of the program won't be surprised is politics. most states of covid are facing budget deficits, not likely it will be bailed out by washington
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and they will need new ways to generate revenue and mobile sports betting has done well in the states it's in generating a ton of tax revenue and i can a lot of states will adopt it in the coming months. stuart: marijuana legalization nationwide now this would be at the state level, not the federal level. >> not to washington changing any laws so i guess the justice department under biden might make changes, but it's the same theory, it's about money. normally when times are really good, politicians don't look at harder issues like safe mobile sports betting or marijuana because they just want to make the job as easy as possible. but now my choices are cut funding for state schools or hospitals, raise taxes or maybe legalize marijuana and sports betting or wherever else and then that becomes the most palatable. stuart: that's a strong argument. how about regulations--
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i'm not normally a favor, but this time you have them and you see them coming. >> i do. sink back to march and april, when we were in the throes of the pandemic but didn't really understand how the virus was transmitted. we thought maybe it comes over services and a so we were all nervous when we would get packages leaving them outside for three days, washing with soap and if you had told me you get your packages delivered by a drone so there's no risk of human infection and i would have paid extra in a heartbeat, same thing if you could get in that dryer-- car driven eponymously, same thing. turns out this virus was transmitted orally and not from services, but the next pandemic that comes i think people will want that technology and you can and i'm like you i don't like regulation either, but delivery drones are so you know, they are
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right in our space and you have to have some system of who can fly, when and where. stuart: i have to leave you. i know you are big block chain guy so come back soon and talk bitcoin. thank you. here we go. they are clapping and singing, 9:30 a.m. eastern time on this thursday morning on the market just opened. up right from the get go up about a half a percentage point, 20 to 2,030,300 on the dow jones, look, it's a sea of green, a rally to get things going in the dow jones is up 144 points as of now. s&p 500 also on the upside, solid gain. susan: record high. stuart: all-time intraday high for the dow jones, s&p and show me the nasdaq because i think it is also: up another half a percentage point.
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rally all across the board. we have this, roku and at&t have reached a deal to distribute hbo max and i see roku up a 5%, guess they got the best part of the deal. susan: if you have a roku you can now stream hbo max. if the last remain platform to not carry hbo max and that's despite the fact it launched may of this year. they didn't really see eye to eye with fees mean how much does hbo max get for making their content available on roku. so far hbo max is lagging, only 12 and half million subscribers, thick of the 86 million that find a poor disney plus in the past year so this is crucial timing is crucial for hbo max we know the blockbuster it wonder woman's sequel will stream next week and hbo max wanted to get the maximum amount of viewers if they are spending $200 million on these blockbusters.
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at&t and hbo max warner bros. and as you know they are streaming on both so you can go into theaters and streaming on the same day with-- stuart: 410 on roku, up nearly 7%, a big mover of the morning to airlines, i am sure they up-to-date. show me. most of them are. they are waiting for help from this tax package-- aid package, they want help for the airlines, right ashley? ashley: they have wanted that help for many months and they are reportedly on the brink of receiving a four-month extraction of government aid to provide $17 billion to fund payroll. it's expected to be part of that roughly 900 billion-dollar relief bill allowing carriers to bring back more than 32000 workers that were furloughed in october, 25 billion-dollar relief package ran out at the end of september, and ever since the airlines have been asking for
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more help. airline workers would be paid retroactively to december 1, and airlines would have to resume flying to some areas they stopped operating. another condition would be the airline workers could not be furloughed through march 31. airlines are bit next, i guess i'm a case of we will believe it when we see it, but they are desperately in need of that cash. stuart: thank you. a couple of movers, digital payment companies, paypal and square, i think they are up. yes, they are up. susan: both of these financial technology companies have changed of the bitcoin landscape, the two most use of america and now they are allowed to buy and sell the coin, which a lot of people say was a turning point for the cryptocurrency this year and according to one analysis users on both platforms account for 95% of the daily bitcoin supply, so they are the whale traders in this market and with higher prices you can imagine both
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square and paypal will get a bigger cut of the action and as more people sign up to these platforms in order to buy and sell bitcoin, it's a frenzy. stuart: you explained it well, doesn't it costs $70 for every bitcoin transaction? susan: no, that's for users to buy, it cost $7, but you can just go i am by bitcoin which is what people are doing, buy and hold, buy and sell and you have made a lot of money. stuart: it great story. guy walks into a sushi restaurant in san francisco years ago, pays for his sushi with bitcoin, gives the restaurant owner 10 bitcoin took the restaurant owner held onto his 10 bitcoin and has made a profit of $200,000. true story. i read it this morning. susan: this year for restaurants, great story. stuart: it is a good story. wish started trading yesterday, but they
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opened below their offering price? susan: .-dot he'll was $24 and they are opening even below that level. yesterday, day one at its lowest, barely above $20, so they lost about 40% and that is counter to the use of corn ipo frenzy we saw last week. wishes one of the most downward apps on the planet, like a version of amazon so it goes to show and i think it's a good message for those daytraders that not everything goes up, not every unicorn gets an ipo bounce on day one. you have to be careful. stuart: a bounce on day number two, but still not the offering price. susan: you lost money if you bought it. stuart: lots of movers on the market today. big tech, facebook is up, microsoft is up etc. all across the board. we have a lot of winners this morning as you'd expect.
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submarkets to check, 10 year treasury yield, .90%. price of gold, left behind by bitcoin. susan: 1900 once again, but for the year under reporting-- underperforming. stuart: if you want to do to stocks or bonds as you are looking for safety you went to bitcoin and bitcoin did better than gold, that's my point. susan: i would agree. stuart: price of oil, i won't keep my cheap gas, $48 a barrel. love those drillers in texas and north dakota. susan: nine-month high for oil prices. may cost more to fill the tank this weekend. stuart: show me the dow jones winners, stocks and the dow 30 and they are the biggest winners of the day most of the 30, walgreens, visa, procter & gamble and johnson & johnson. s&p, index of 500 companies, read them on the screen there including one are as susan told us earlier
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see two great earnings as well, up eight half. stuart: homebuilders and fantastic news on housing industry, doing really well. other side of the coin, are there any losers among the dow industrials? amongst the s&p, there they are. no dow jones losers i'm told, all 30 are either unchanged or up. index of 500 company you can expect some losers, not that i have heard many of them. nasdaq, see the winners, look at this. microchip, did i go that fast? susan: yes. stuart: nasdaq losers, i'm sure there are a few. ebay, that, all down. there you have it, winners and losers. susan: for the s&p 500 tomorrow is a big day when tesla is added. as we mentioned, we seen $80 billion of stocks go in and out so there's a
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bit of that volatility say this week so that's something to watch for tomorrow with the biggest company ever added to the s&p of when tesla joins it will be the sixth largest company on the index itself. stuart: you will help me through that one. so much for being home for the holidays this year. doctor found she wants you to cancel christmas celebrations took forget about seeing your family according to doctor anthony fauci. another christmas bridge, mayor bill de blasio says snow days are a thing of the past. today he's making kids stand side, but still go to school online. big show for you. ♪
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records for all three indicators, dow jones, s&p and nasdaq and if he keeps like this the dow jones will close at a all-time high. bitcoin reached a new high and right now they are up $23435 per coin. i went to bring in douglas. he knows all about bitcoin and there's a lot i need to know first of all, let's start with this, how do you mind a bitcoin? >> stuart: bitcoin stone next line exist, so how do you mind these things? >> us talk about things that don't exist that have value, your health, financial well-being, a lot of things that you don't mind that have incredible value. mining is folks sitting with computers doing complex functions that end up reading a bitcoin and it becomes harder and harder to do as the days go on, but the reality is many things in life don't have to be mine but they have tremendous volume. bitcoin has gone from something where three
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years ago it was a teenager in their basement with four followers on twitter saying it would go to 20000 which now folks saying it's going to 400,000 and they are buying $500 million worth, so it's moved into the big boys team and the big boys are buying this up considerably. stuart: you say it's difficult to mine these things. that is why there is a short supply, but that's the thing here. >> know, there's a short supply because there's only a certain amount that actually could be mine in the first place and out of that there's only about three and a half million bitcoin sitting out there in the rest are held by longtime holder so that's about 20% of the circulating supply out there for buying and a j.p. morgan they believe there will be $600 billion to be bought if everyone follows the example and buys 1% of their portfolio. if the market is
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300 billion today to buy 600 billion and there's only three and a half million of bitcoin sitting out there, that means you have to $171,000 price to fill these tickets and so the price a bitcoin can go up considerably just off of the demand and you know supply and demand, there's fixed supply in that supply down every day as people take chunks out of it, but the demand is going up as well and that's why bitcoin is rising in price. stuart: how long have you been in bitcoin? >> i have been in the space i would say for about five years. i have been very involved for the last year and a half helping create this company called ins where we are crating a cryptocurrency exchange in the security exchange and the security token will blow your mind, stuart. everything all assets will move on to the block chain and trade 24
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hours a day, seven days a week and we are helping to make that happen. stuart: the first time i talked to you i thought you had an american accent. suddenly, you have become a-- where did that come from? >> i have been scottish all of my life. i speak american and no one understands my accent so it's easier to speak with a little bit -- stuart: are you a rangers or a celtic sky? >> united is a little bit more politically correct. stuart: exactly. douglas, you are all right. we had pete hegseth later today. thank you, douglas. >> thank you. susan: can you even do an american accent: no, you have tried to get me too do this. i have family watching. they would go crazy. joe biden is reportedly considering some hollywood executives for ambassadorship roles. who is on the list?
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susan: disease executive chairman bob eiger and former dreamworks billionaire are considered for either china or uk ambassadorship according to the hollywood reporter. bob geiger said he would consider a role in the new administration he has a lot of experience dealing with china. he has sold a lot of movies there and build a $5 billion same park in shanghai. katzenberg meantime has global experience in selling cartoons and movies to china and the uk and also has time on his hands it these days after shutting down the video out to-- outfit called be in another time that biden administration susan rice is a recent netflix a board member as well. stuart: there is a connection all the way around. susan: you are american accent is sort of john wayne. stuart: i got two words out before i stopped. robin hood has settled
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with the fcc over their failure to highlight deals with high-speed trading firms. are not sure i understand, but i want to know, ashley, how much? ashley: they are paying $65 million, lots of money. it settled claims from fcc that robin hood didn't sufficiently disclose its a business deals with high-speed trading companies following an investigation on the trading platform transparency on how it routed customers orders to high-speed traders which it generates revenue, but the fcc said robin hood customers actually got inferior prices while the brokers-- robin had settled the case without admitting or denying the allegations here. stuart: that's a chunk of change there . thank you. here we go again, democratic governor gino raymond kotler without a mask drinking at a wine
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bar and that came for days after demanding the citizens of rhode island stay home. explosive rant that everyone is still talking about. role that tape again. >> i don't ever want to see it again! ever a point and if you don't do it, you are fire. if i see you do it again you are [bleep] on! stuart: now, we hear five staffers have quit after tom cruise launched another rant. you can be sure susan and i will discuss this shortly. we have details on the new rant. we will be back. ♪ an made of doing what's right, not what's easy. so when a hailstorm hit, usaa reached out before he could even inspect the damage.
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two will loans, 163 people still on their payroll, but for a restaurant that charges over $300 a person for standard meal before wine, the question is did they really need the money cracks-- one was angry because they really got $100,000 and had to shut down in july because he could not keep the people on his payroll staff, so begs the question about whether the federal government is giving the right money to the right people. stuart: do we still have an argument? susan: yes, we do. stuart: let me explain. tom cruise had a second grant somewhat similar to the first one. five employees have quit because of the grant i think he's totally wrong. susan: according to the "new york post" reported because even after the recording of his expletive meltdown, apparently he was at it again with another explosive yelling match tuesday night resulting in five acquitting. according to reports tension has been
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building on the set and he is trying to keep it going try to keep sylvie-- filming going because he's trying to keep everyone employed to put food on the table, education for their kids and i know people argue it's not acceptable in a 2020 work environment, but there are different type of work. the movie industry is different that my argument. stuart: you are still wrong. susan: and you say he should not be yelling anyone should not have done that. a man of his stature should not treat junior employees like that. susan: so is the delivery, not the message; correct? stuart: that's true. susan: then we are in agreement. stuart: blanket of snow covers new york, the public school kids still have school. how is that, ashley? ashley: the grinch mayor de blasio says in-person classes are canceled, but students still expected to attend online.
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bats actually in a line other school districts around the country that are dropping the traditional snow day this year as learning shifted online. some school authorities are suggesting the change could be per minute believing kids have already lost too much time learning, but some parents disagree say they are calling their own snow days allowing kids to be kids by playing in the snow. stuart: i am with them all the way, ashley. still ahead, rachel duffy, former new york governor, pete headsets, second hour of barney-- "varney & co." straightahead
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will walk you through your options, answer any questions you have and, if you're eligible, help you enroll over the phone. call today and we'll also send this free guide. humana, a more human way to healthcare. ♪. lfmho? susan: yes. stuart: i'm not sure i want to know what that means. susan: a pop band the last few years. party rock anthem. stuart: jam-packed show. coming up this hour, rachel come pose duffy, former governor george pataki, shelley luther, remember her, the texas salon owner one of the first to revolt. what is she doing now? baseball star didigregoris.
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almost 10:01, we're on the upside all across the board, nasdaq, s&p, intraday and the dow, now this. eager for this. what is the latest on mortgage rates? susan: incredible. 2.67% for the 30 year fixed mortgage. that is the lowest in history going back to when the fannie and freddie study started back in 1971. commentary saying that the economy may have lost momentum last couple months. there are no signs of waiting heading into next year for the housing market. we know this is real estate boom. homebuilder permits, housing starts this morning, record levels solidifying that feeling. stuart: 2.67%. do you by any chance have the 15 year?
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susan: incredible, 2.21% for the 15 year. a lot of mortgage lenders tell you, most popular product, 30 year fixed with the low rates. stuart: why not lock in the low rate, monthly payment cannot change, lock it in. i understand that. look who is here, mitch roschelle. who is the real estate go-to guy. mitch, we have 1.57 million housing starts. that is huge. we have mortgage rates down to 2.67%. this is really a housing boom, is it not? >> no question about it and the only headwind in the housing boom the fact we have such little supply and so many people are chasing those incredibly low mortgage rates wanting to buy homes, they can't find them to buy. they're not there on the market. stuart: i don't understand why more people come out to put their homes for sales. prices are rising. they sell things pretty fast. why not more supply? >> i think you will see it come
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the spring. i think last year was just such as unusual year related to people making big life decisions like selling a home and relocating. i'm talking about the baby boomers, aging baby boomers who were doing that. i think that stampede to florida, that stampede to low-taxed states out of cities is not just young folks buying their first home. it is a lot of folks getting out of dodge permanently. i think we'll see more supply come the spring but in the winter months i don't think we'll see a lot of supply which means prices will go up. stuart: i'm told a lot of buyers, potential buyers are frustrated. they go on cillo look zillow, an area they want to buy the home. they see the same homes popping up. they don't sell. a lot of buyers are frustrated with this. >> some have, let's say if
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you're a buyer you currently rent, you have decision to make do i renew my lease when it comes up, with rents falling we're seeing some frustrated buyers are staying put in places where they are and just sort of kicking the can down the road but many of them who i speak to are deathly afraid the price could be 10% higher a year from now. some are willing to break their leases just to get out, when the home does show up on zillow and they can pounce on it. stuart: real fast, mitch, this reminds me, 2:00, 2005, when the last real estate boom was just starting to power ahead. is similar situation now in real estate do you think? >> no. i don't see the bubble. there are supply and demand dynamics that are similar but that was really fueled not necessarily cheap money, but highly available money. right now you need a down payment and you didn't 10 years ago. i think the dynamics in the market are different but there is a ton of demand chasing very
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little supply. stuart: we'll settle for a good ol' boom. mitch roschelle, thank you, sir. check the markets. 30,300 almost on the dow industrials. 12,700 on the nasdaq. a series of intraday highs. now this. the governor of rhode island encourages people to stay home, then gets caught going out to a wine bar. yeah, i know, it is just a trivial thing, another example, of do as i say not as day. i judge in san diego, california allows two strip clubs to stay open to set their own virus mitigation rules. another example of you can stay open but the bar next door stays closed and the owner will be ruined. keeps happening, doesn't it? rile makers breaking their own rules. open one side of the street, close the other. whole industries wrecked. caseloads keep rising.
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there is clearly a crisis of compliance because after 10 months people are fed up with restrictions that don't work. here we are, eight days from christmas and we're again being told to restrain our celebrations. i keep going back to this, but the guy who got it right ron desantis, governor of florida. here is what he said about supporting people who want to work. >> we've got your back, if you're somebody who is a waitress or a cook other a family-owned business, you're an important part of our state. you're working folks working hard to make a living. you have every right to do that. you can take it to the bank in the state of florida. you're going to have that right defended by the governor. stuart: that's florida. wear a mask. keep your distance. wash your hands, protect the vulnerable, but don't wreck the economy and don't destroy small business. most importantly of all, let people decide for themselves what risk they are prepared to
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take. if the lockdown states take the same approach they wouldn't have a compliance problem, they wouldn't be going bankrupt either. second hour of "varney & company" is about to begin. ♪. stuart: rachel campos duffy is with us. we'll talk about what is on your screen right now. that is a statement from dr. fauci. it's a christmas warning. i will read it for you in case you're listening on the radio. stay at home as much as you can. keep interactions to the extent possible with members of the same household. this cannot be business as usual this christmas because we're already in a very difficult situation. we're going to make it worse if we don't do something about it. aforementioned rachel campos duffy is now on camera. rachel, good morning to you. >> good morning to you, stuart. merry christmas. stuart: merry christmas indeed. you have a big family, i'm sure
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you will be seeing your children this christmas. >> i will. stuart: dr. fauci says don't do it. he has adult children, not seeing them christmas what do you make of this, this insistence we don't get together, we cancel christmas? >> that we cancel christmas. i've been warning about this for a while, stuart. i do have a big family. i have some adult college kids. my parents are staying with us for christmas. by the way i should note my whole family got covid and survived and so that also made us a little more comfortable with my parents coming in staying with us. listen, i want to stop pretending. i thought we could do that after the election that dr. fauci is not political or got everything right. he is the same guy that criticized president trump stopping travel from china. he has been both sides of the mask issue. stuart: yes you should, no, you shouldn't. in april, when we doesn't know much about the virus he had an
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interview with "vanity fair" asked him about hookups on tinder, he said that was okay. it is okay to have sex with strangers on tinder but i shouldn't get together with my parents at christmas? give me a break. i think what we want is information, allow us as common sense adults to make right decisions based on our very unique situation. we're smart enough to do that. the same thing we want from all of these governors who are shutting everything down. can i say one thing, stuart? i listened to your argument, by the way with susan on tom cruise. i have to say i just got to weigh in quick because i disagree with both of you. that rant that he gave his employees, that rant should have been saved for gavin newsom. should have been california small business owners with a rapt like that. by the way, many of the rules that he is enforcing his employees to live by are not rules about science much like what we're hearing from fauci.
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the rules tom cruise talking about many are rules made just to make insurance companies happy. maybe he should also give that rant over to nancy pelosi who is on the side of the trial lawyers instead of helping small business owners and getting rid of some of these lawsuits problems that so many businesses are having in order to get open. stuart: right again, rachel campos duffy. merry christmas to you. thanks, rachel. >> you got it. stuart: did you hear that? susan: i hate it when people agree with you because then that encourages you more. i disagree. i'm just focusing what is happening in the uk and on the set of "mission: impossible." stuart: got you. fears far fewer people will travel this holiday season. ashley, you have a number how many million less travelers, fewer travelers this christmas. what is it? ashley: i do indeed. 34 million. we enjoy the virtual get-togethers, crowding arrange small screens, having stilted
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conversations. aaa sass the vast majority of americans stay home this holiday season, thanks to public health concerns and regulations on travel. that said, as many as 84.5 million americans may still travel from december 23rd through january 3rd, which would be a drop by the way of at least 29% from a normal year. but the cdc is urging americans not to travel for the holidays this year, warning that travel increases your chance of getting and spreading covid-19. merry christmas. stuart: yeah, really. i haven't seen my two sons in two years. i haven't seen four of my grandchildren in two years. i'm not likely to see them anytime in the near future as well. that is the way it goes. thanks, ash. let's get back to the market. we have some big movers one way or the other and susan has got the list. susan: start with streaming and roku today is flying because they are the last to offer now hbo max on their streaming platform. people are thinking that roku probably got the better in this
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deal in terms of carriage fees, how much hbo max had to pay roku in order to carry some hbo content. benchmark calling up the stoke this morning. check on shopify. i was looking at the rally last few days. shopify was up 7% yesterday. up another 2% today. largest e-commerce player behind amazon in the north america. in the future they keep growing like this, they are number two, fast growth in this platform that they are going to be able to charge the fees that amazon currently charges and maybe challenge amazon in the future. stuart: look at it go. susan: yeah, look at it go. stuart: 1173, that is $1,173 per share. susan: i'm not done. paypal. stuart: sorry. susan: buy into these. if you look at 23,000 for bitcoin, these are the two major adopters that allow hundred of millions of accounts to trade, buy, sell, bitcoin. as price of brit coin goes up they get a higher slice of each
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transaction, there is a lot more interest to get on paypal or square. stuart: look at them go, square. up 3%. paypal, that is significant gains. susan: you can go now. stuart: thanks. the fda says the vaccine vials, pfizer's vaccine vials, some of them actually hold extra doses. i didn't know that. susan: this is a great problem to have, don't you think? extra doses. some of the glass vials you saw there hold five doses of the pfizer vaccine actually have enough for six or even a seventh dose. means limited supply of the pfizer vaccine might be stretched for more people to get the jab. so the fda says the extra doses should be injected given the health emergency. there is debate whether you throw it out or inject people, fda says please inject in people. pfizer has enough vaccine for 25 million doses before the end of this year. two jabs, two shots, that is 12 1/2 million will get it. stuart: before the end of this
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year? susan: before the end of this year. stuart: 17th, do the math, stu, 14 days to go for the year. susan: moderna likely to be approved tomorrow. stuart: thanks, susan. aoc says that the democrat party needs new leadership. watch this. >> are you ready to say, pelosi and schumer need to go? >> i mean i think so. stuart: sounds to me like a revolt within the democrat party. "the wall street journal" guy dan henninger will join us to discuss that. first though, the snowstorm in the northeast hurting small businesses already crushed by restrictions. live report on how they're coping with this latest hurdle. we'll be right back. ♪. we love the new apartment. the natural light is amazing. hardwood floors. there is a bit of a clogging problem. (clog dancing)
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stuart: all-time highs, that would be intraday highs for the nasdaq, the s&p, i believe for the dow as well. it is getting close to 30,300. the 10-year treasury yield is down a little -- to, .89%. weak economic data bringing it up. gold, possible stimulus deal that is very likely. that apparently taking up the price of gold. 2% higher for the price of gold. snow as you know by now slamming the east coast, this is double-whammy for restaurants under restrictions desperate to survive. kristina partsinevelos from new york city. reporter: stu, i'm actually now at the beginning of little italy. right near canal street. we've been driving around. the city is quite dead.
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freezing rain became snow here in new york city. this is another blow to the restaurant industry. you see this structure. some spent more putting wood, this is pure plastic collapsed due to snow. not just one structure, if we continue down hester street, another structure collapsed. these are very scenario streets. in this neighborhood a lot of streets are closed on weekend for pedestrians. it is difficult when snow is here. hence the reason why city suspended outdoor dining. honestly many people are not out here. i can understand why they don't want to eat. look here, you can see the damage done from the storm, just how bad it is. this comes from indoor dining. outdoor dining is now suspended. we spoke to one business owner who talked about how difficult this storm, i guess the poor timing of this storm i should say.
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listen in. >> they're just cutting off another source of money and going into holidays, and losing it, then also, you know, losing outdoor dining for the moment. it is impossible. we're all in this between a rock and really, really bad hard place. reporter: so, stu, i just wanted to give you an example of how narrow it is. so i'm going to step on the street. there are no cars coming. you can see literally from structure to the next. the issue a lot of small business owners have to deal with, where is the snow going to go? how can you afford it should there be another snowfall. not a good time for these guys. back to you. stuart: a disaster. chris kristina in the middle of it. former new york governor george pataki. welcome back to the show. great to see you. here we've got, already got under restriction. now we've got a snowstorm around we're threatened with a real
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big-time lockdown fairly soon, another one. can new york city take it? >> the answer is new york city can, but some small businesses and restaurants can't. it is just ridiculous, stuart. the idea that obviously that now you can't eat outside with the storm but shutting down inside dining made no sense at all. it wasn't based on science. so the government goes and tells you, remove 3/4 of your tables, put up dividers, make sure everything is safe. tell you, never mind, you can't use it anyway. it is killing new york. it is just another disaster. why the government continues to impose these absurd restrictions on small businesses simply trying to live is beyond me. stuart: if you are still the governor of new york state, would you lift those restrictions? would you just open up? >> for sure we would have indoor dining, no question about it. stuart, look at the numbers.
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about/4 of the covid cases are spread by private gatherers. a little over 1% come from restaurants. you want people to dine safely in restaurants as opposed to going to a friend's house where you don't have a mandatory social distancing, other requirements. so it makes no sense. it shouldn't be done. it should be reversed. stuart: is there any alternative in new york to raising taxes? i ask that because there is a huge budget hole for this state. tax revenues are way, way down. they desperately want help from the fed. they may or may not get it. what is the alternative to raising taxes? >> well you can't raise taxes in new york. it's that simple. the state is taxing people out. just within the last week you saw where goldman sachs is thinking of moving part of its offices out. deutsche bank is talking seriously about decentralizing its operations from new york city. so many have already left. you cannot simply continue to
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tax more the few that are left. you have to do the opposite. you have to reduce the size of government. you have to cut the cost of government. and you have to grow the private sector that generates revenue. you know on a scale not quite this bad, similar when i took office, we had multi, multibill dollar deficits. i cut taxes. everybody said you had to raise them. we grew the economy. increased revenue by expanding pot. that is what has to happen now. new york city or, new york state has higher tax burden to people on the edge, people today, do i really want to stay here? you're just sending a message that, no, you don't. we need them to stay. we need a government that doesn't raise taxes to do that. stuart: we would love to see tax cuts in new york but we don't expect them. governor pataki, thank you for joining us, sir. always appreciate it. thank you. >> thank you, sir. stuart: that is the east coast. let's look left for a second. the los angeles police union
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protesting budget cuts. what are they doing, ash? ashley: they're using a billboard campaign, stu, to target several l.a. city council members who want to cut the l.a.p.d. budget even as crime is on the rise. the police union says funding cuts may lead to loss of officers and services. the union is now trying to raise more money among its members ahead of state and local political races in 2022 when l.a. will elect a new mayor. l.a. recorded its 300th murder last month. that is a figure that hasn't been seen in more than 10 years. stuart: writing on the wall. billboard too. ash, thank you. joe biden expected to go on an executive order blitz on day one much his presidency. how far will he go? we have details coming up. do you remember this? >> disagree with you sir, when you say that i'm selfish because feeding my kids is not selfish.
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stuart: look at that. plenty of green. 186 up for the dow. eighty for the nasdaq. the rally continues. california says it will consider historical injustice when distributing vaccine. what does that mean, ashley? ashley: it is interesting. it is in reference to native americans who suffered high rates of illness and death from diseases such as measles and smallpox when the first european settlers arrived and tribal leaders in california say native americans are four times more likely to be hospitalized for covid-19 and twice as likely to die from it than white people.
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based on what the tribes call historical injustice they argue now is the time to prioritize indigenous people. california health officials say they will indeed include equity as a consideration for how vaccines are distributed but critics say it could be construed as affirmative action in public health which would very likely and would indeed be legally challenged. stuart: all right. ashley, by the way, walgreens and cvs are trying to hire a lot of people to administer the vaccine. how many people are we talking about? ashley: thousands and thousands, stu. walgreens is looking to fill 25,000 positions, nurses, pharmacists, other health care workers to help administer the covid-19 vaccine. cvs will hire another 10,000 people for those vaccine related positions. pharmacies, as well as you can expect across the country, getting ready for a surge in patients wanting a vaccination. cvs encouraged customers to forward an email to any
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qualified health care applicants they may know. the list of pharmacies joining the distribution part ship, rite aid, it is still alive, stu, supermarket drugstores like albertson's, publix and big box stores like walmart and costco. stuart: move on to the revolt, bring in one much the first people to revolt this is shelley luther. she was arrested for defying lockdown orders. she ran a salon. she was locked down, objected, opened up and was hailed in front of a court and shelley joins us now. i want an update, shelley. where are you now? is your salon back open? did you have to pay any fines? are you open? what's happening? >> yeah absolutely. the salon is still open. it has been open even when i went to jail. we are still battling in court right now. the city of dallas is still trying to take my salon from me.
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i can still serve another five days in jail. that is in the texas supreme court. so yeah, it is still going on but the salon stays open. stuart: you can still actually go back to jail if you do what? >> it is up to the texas supreme court they're still trying to decide if it was just i was thrown in jail in the first place that was back in may. stuart: are you running for state senate? i believe you are. i also understand that governor abbott actually endorsed your opponent. why is that? >> you know what? they make it illegal for me to feed my family. then i get thrown in jail. and then the same politician, governor greg abbott, spends, he and my opponent are spending $3 million to try to beat me for the state senate seat. i'm just curious what they're trying to hide and what is going on because obviously it is something. stuart: if you are elected, what will you do?
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>> the first thing i will do is open up texas because right now they're spending three million dollars to try to win a senate seat and we have people that can't even eat for christmas, can't have their family for christmas. businesses shut down for generations won't be open for christmas. to me -- stuart: shelley, that is only hot spots, isn't it? that is not a statewide heavy-duty restriction. that is just in some hot spots in texas, isn't it? >> well it is mainly, it's a lot to do with the senate district that i'm running in but it is still restaurants. it is still, at capacity or half capacity. bars are still not open. masks are still required in most areas and it is just ridiculous at this point. we have a vaccine that is being distributed. we don't even have a timeline when we're opening much less open at all. stuart: when is the election? >> election day is actually
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saturday. we've only had about 40,000 people vote out of one million. it is so, it is so important for texas because we have all these people moving in from other companies that the governor is kind of bribing to come here. i'm not sure if he himself is trying to turn texas blue. stuart: i don't think so, shelley, but it was great to have you on the show. i'm glad your salon is still open. we'll see you again soon. thank you very much. shelley luther,. >> thank you so much. stuart: we covered the vaccine. we've covered lockdowns. i think we better cover money, shall we. first of all, let me see big tech. there you go. some fine performers today. i see facebook up about 1%. apple is up about .8%. what's the reason for this overall rally? susan: we heard from nancy pelosi. when it comes to stimulus i think that is the underlying theme for this week into the friday deadline. pelosi says progress made this morning, has been made this morning on stimulus discussions. now we are waiting that 900 billion-dollar package to be
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voted on, hopefully implemented soon. that is also driving a lot of stock rally that we've seen. record markets as you mentioned, dow, s&p 500, nasdaq all on pace for a record close this afternoon. we're looking at the 31st record close in 2020 for the s&p, broader index. isn't that surprising for a pandemic ravaged year? stuart: fantastic actually. susan: i agree. stuart: doesn't hurt moderna's vaccine is probably almost certainly going to be approved, distributing it by the weekend that helps the market as well. susan: can i bring up one specific sector we have not highlighted something fresh for viewers, look at hotels and casinos group. jpmorgan raising their target prices on mgm, penn, even marriott hotels this morning because there i will was bounce back when it comes to consumer, hopefully travel, if we get more vaccine distribution a second one hopefully by tomorrow, and a return to normal. stuart: susan, thank you very much indeed.
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we have crews working round-the-clock to complete as much as the new border wall as possible. what happens when joe biden takes office? we'll have a report. fireworks erupting at a senate hearing over russian disinformation about this. >> you lied repeatedly. you lied repeatedly in the press that i was spreading russian disinformation that was an outright lye and i told you to stop lying i continued to do it. >> mr. chairman this, is not about airing your grievances. i don't know what rabbit hole you're running down. stuart: didn't stop there. we'll tell you all about it. because you israeli see that in the united states senate. we'll tell you all about it after this. ♪.
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stuart: all kinds of markets including this one, bitcoin, look at it go, today, $23,230 per coin. that is the current quote. give me 10 seconds why it is up so much. susan: 10 seconds, you get three hours i get 10 seconds? bitcoin up 200% this year? why, because it is going mainstream, think of guggenheim partners. chief investment officer said it is going to 400,000, right. guggenheim, allocating 10% of their five billion dollar fund to buy bitcoin. one other spending a billion. stuart: it is different but reminds me some of those dot-coms in 1999. susan: what about 2017, remind you of frenzy, boom bust in bitcoin three years ago? stuart: people saying it is going to $400,000. that is the kind of sky-high valuation. susan: there is no alternative. where are you going to go, cash? stuart: i'm not questioning it. people saying it will go to $400,000 a coin it makes you think. susan: how about this time is different? that is what they say about
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bitcoin. stuart: that is what they always say. let's get back to politics with the big fight in the senate. senator ron johnson unloaded on his colleague during a hearing on election fraud. ash, what was the senator so fired up about? ashley: how about russian disinformation. a senate homeland security committee hearing this was broke out into a heated exchange between chairman ron johnson, the republican from wisconsin, and ranking member, democrat gary peters of michigan. peters had accused johnson of spreading russian disinformation about hunter biden. that is when johnson really saw red. take a listen. >> the purveyors of russian disinformation hillary clinton's campaign, dnc, the steele dossier, ranking member peters accusing senator grassley and i disseminating russian information. that is the where the disinformation is coming. >> mr. chairman, i have to respond to that. you're saying i'm putting out disinformation.
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one i had nothing to do with this report -- >> you lied repeatedly, you lied repeatedly in the press i was spreading russian disinformation. stuart: oh, nice and feisty, was it not? senator johnson went on to say after democrats called revelations from hunter biden's laptop just russian disinformation they later learned there was really was a real ongoing justice department investigation involving hunter biden. nice verbal fireworks. stuart: you don't see it often though, you don't. i would reich to see more, i really wood. really would. thanks ash the white house is optimistic there will be a covid relief deal within 24, 48 hours. that gentleman on the right-hand side of the screen is blake burman. when do we get the checks? reporter: well, it would take, if the deal eventually comes forward, who might get the checks, probably stuart, a couple weeks for the checks to go out sharks is one component
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of this 900 billion-dollar or so package. safe to say, that they have the framework of the deal. they're still trying to finalize some very important crucial details. let me give you some of the top lines. he mentioned those checks. about $600 for individuals. we might wait to see who gets them, income levels, et cetera. if you have children, that number going higher. $300 a week forefederal plus-up for unemployment insurance benefits. more than $300 billion towards small businesses. the overwhelmingly majority for reauthorization of the ppp program. money specifically for vaccine distributions for state and local governments as the vaccine goes out. we heard from president trump on twitter, a little while ago, stuart, quote, that the talks are looking very good. i do want to warn you, stuart, if we get a deal, work with the hypothetical, if there is a deal, they announce it at some point, 28, 48 hours or so, we still would have to await the
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details within that because this would be a massive package when you are talking about give or take $900 billion. but certainly optimistic, heading in the right direction, stu. stuart: that is what we want to hear, blake, thank you, sir. biden team raising millions in corporate cash for a virtual inauguration. hillary vaughn live in wilmington, delaware with the latest. who is donating, hillary? reporter: stuart, we don't have all the details yet but we do know that president-elect biden has told people to stay home and not go to washington, d.c., to attend his inauguration but he is still willing to take your money. so he is offering a special vip package for corporations to donate a million dollars to attend the event virtually. the one million dollar donation will get corporations an invitation to virtual events. it will get you a virtual signed photo and preferred virtual
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viewing but it comes with a rain check for vip tickets for future in-person event at an undetermined date. so the question is, what is president-elect biden planning to do with all this money? inauguration donations are part of a private fund, actually have very little oversight and very few restrictions on how left over money is used. previous administrations have used the extra cash to work on the white house, spend it on upgrades and renovations or host events like annual easter egg role. president trump raised a record breaking 107 million and pledged to giver left over money to charity. biden has we have not heard how he plans to spend it either. stuart: hillary, thank you. which all remember the tom cruise melt down on the "mission: impossible" set. if you don't remember, i will play it again. roll tape. >> we are creating thousands of jobs you [bleep]
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i don't ever want to see it again! ever! if you don't do it you're fired. if i see you do it again you're [bleep] gone. stuart: well he launched another rant on that set. reportedly making five staffers quit. we'll bring you the latest on that. didi gregorius, philadelphia phillies star says blood plasma is effective treatment to work on covid. he is working with doctors at johns hopkins on just that. didi is here next. i'm greg, i'm 68 years old.
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i do motivational speaking in addition to the substitute teaching. i honestly feel that that's my calling-- to give back to younger people. i think most adults will start realizing that they don't recall things as quickly as they used to or they don't remember things as vividly as they once did. i've been taking prevagen for about three years now. people say to me periodically, "man, you've got a memory like an elephant." it's really, really helped me tremendously. prevagen. healthier brain. better life.
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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. that's it. i'm calling kohler about their walk-in bath. [ sigh ] not gonna happen. my name is ken. how may i help you? hi, i'm calling about kohler's walk-in bath. excellent! happy to help. huh? hold one moment please... [ finger snaps ] hmm. ♪ the kohler walk-in bath features an extra-wide opening and a low step-in at three inches, which is 25 to 60% lower than some leading competitors. the bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. kohler is an expert in bathing, so you can count on a deep soaking experience. are you seeing this?
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stuart: let's talk covid treatments, not vaccines for a moment, let's talk treatments and to do this i want to bring in a doctor from the johns hopkins. school of medicine and philadelphia phillies star didi gregorius. they're both involved in this. doctor, you first, blood plasma, i know you're working on this. is this an effective treatment for covid? >> we think it has a potential as prevention and treatment. it has been given to hundreds of thousands of people in the hospital, what we found so far that if you give it early, that is when it has the best chance of working. we're trying to push it further, even a little bit beyond early in terms of, even before they're in the hospital so see if we can prevent people going on to needing hospitalization in the first place. stuart: so you give this blood plasma treatment and it involves
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antibodies from people who already had it, that how it works? >> exactly. somebody who had the virus, recovered they have antibodies in their body. we take their blood, get the plasma part of the blood, clear yellowish fluid from the blood, we transfuse that to a person that either has a high-risk exposure to somebody with coronavirus or somebody who has the infection but isn't severe enough to require hospitalizations. clinical trials, so we're trying to find out if it works that way. if it does, we'll have another tool in our chest to -- stuart: good to hear, doctor. good to hear. didi gregorius, let me turn to you. you're a baseball player. what is your involvement with this? >> i'm one of the few that have chronic kidney conditions. that is why we partnered up. i'm trying to use my platform to do the trial. the more people we have that can do the trial we can get more
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info. if you want to get more info bit you can go to plasmatrial.org. we can see if you're appropriate to do the trial. for me it is important, like hand helping out the other one. you have to help yourself and people in the community, you want everything to go back to the normalcy the way it used to be. stuart: yes we all do. real fast question, didi, are you in this trial? >> not yet because i haven't tested positive for covid. so that is why i'm not in it yet. i'm here to support it. stuart: okay. both of thank you very much for being with us this morning. we always like to hear about treatments, all good. thank you, gentlemen. appreciate it. >> thank you. stuart: coming up to a commercial break. check the market real fast. we're up about 100 for the dow. 30,278. records across the board. susan: two best-performing sector in the s&p, utilities and
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>> we been talking about all the good numbers coming through. >> all the money is still on the sidelines and that's $3 trillion hot and i believe we've got a lot more room for this to run. >> the price a bit coin could go up considerably just off the demand. >> with the governor of pennsylvania needs to do is talk with these restaurants that are, in fact, staying open. you know what happens when you do that? you're very often wrong. >> shutting down inside dining make no sense at all. it's not based on science and it's killing and it's another disaster. >> but i should not to get together with my parents a christmas? me a break. allow us to as commonsense adults to make right decisions based on our very unique situations.
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♪ stuart: apart from the music it's still snowing in new york and really coming down and look at that, even new york city still has no and that traffic is moving really slowly. it is 1101 precisely here in new york city and the markets are showing a modest rally, pretty good rally. not as good as it was when we opened up but still we are only upside across the board. moderna, let's look at that, i'm sure the stock is out. fda expected to approve their virus vaccine sometime today and it's up 5% and that's moderna for you. terrific year, by the way. we could get distribution with full approval by the weekends. how about that? now this. how much influence does aoc have, alexandria ocasio-cortez? how much influence? answer.
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a lot. she is a political star in the media darling. everything she says is breathlessly reported and no matter what she rarely faces criticism. but that may not be good for her fellow democrats. she is a thorn in their side. she says, speaker pelosi must go. in a podcast wednesday, which got a lot of publicity, she said we need a change of leadership in the democratic party. aoc has seized on speaker pelosi's disastrous performance in the election and she will have to fight hard to keep her leadership position. talk about a split party, aoc is the leading splitter. next question. what impact will she have on the new administration? that's a tricky one. she would try to drag the new president to the left, further left that he may wish to go. last week biden said the democrats quote, got their hell kicked out of them because of the d from the police movement. that's just one of aoc's
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contentious issues. looking further down the road, what happens to this totally split democratic party and the 2022 house elections? the moderates blame their losses last month on the socialists but it's the socialists were now making all the noise. will defunding the police, open borders and banning ice, will that be any more popular in 2022 then was in 2020? probably not. in politics you have to get the word out and you need publicity. you need to be visible. there is no question that aoc has achieved enormous visibili visibility. when it comes to a stardom, she is a political success and that is a huge problem for the rest of the democratic party. the third hour of barley continues. ♪ stuart: i think it is time,
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being it thursday, we brought that man right there don -- dan henning berg wall street editorial guy. does aoc cause problems for the incoming biden team? >> she undoubtedly will cause problems as she always does, stewart's but fasten your speed belt on that chair you are sitting in, stuart. i'm about to agree with alexandria ocasio-cortez. listen to your commentary and i agree that it is time for nancy pelosi to go and jim clyburn, as well. these people are in their 80s and not even baby boomers. it is time to move on to the next generation. having said that, i would also suggest that chuck schumer call his fundraisers because aoc is coming straight at him in two years. having said that. stuart: dan, hold on. i've heard this before the idea that aoc really has her mindset
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on the united states senate and she wants chuck schumer seat. is that for real? >> well, she said one more interesting thing in that podcast which is that she herself didn't think she was ready to be speaker of the house because she said, you know, the house is representatives and is more complex than she imagined and it's very complicated place. you know what? that's true. the senate is a lot less complicated place. i think she's probably deciding that if she has a future in politics it is more likely to be in the senate then buried in the house of representatives. having said that, i think that what she is going to do is she could indeed become an ally, rather than a opponent of the biden administration on the issue of climate and climate change and doing something about climate. i do think stuart, what were beginning to see emerge here is the biden presidency is going to be a climate presidency.
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a lot of these cabinet pics are being done because of people who are publicly onboard or doing regulatory actions directed at the climate. pete buttigieg, jennifer granholm, gina mccarthy at epa. that is, you know, aoc is the author of the green new deal and although biden will probably never go as far as she would like, i think she will try to rally people on behalf of joe biden alignment policy which will be expensive for the murder people. stuart: yes, but they could be done and climate policies can be pursued without getting a vote in the senate or the house. they can be pursued administratively. you change the rules on omissions, for example. you can do that without going to congress so that's where you think the thrust is? >> yeah, you know, you can do it through regular tory actions which he intends to do. biden intends to do.
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aoc using her presence on social media, instagram can create or try to create public support on the left for those actions and she can create support in the media for those actions which, as i say again, businesses that are burdened with higher regulatory costs and energy industry, all this will pass through to higher costs for the american consumer. but that is something that clearly aoc and it looks like joe biden very much want to do in the next four years. stuart: it will not be popular but watch out for those 2022 elections made there you go. dan, thank you for joining us and merry christmas to you young man. see you later. >> came to you, stuart. stuart: checked that market. why not? when you see green, you like to talk about it. up we go and by the way here is susan with the big will. susan: let's look at tesla because they are moving today. we saw volume spikes of 23% but
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it started off flat but as we get to that rebalance and inclusion and the s&p 500 more and more people continue to buy the electric car maker and s&p ends with the greatest rebalance in history. $80 billion worth of stock had to go in and go out and you can imagine that is buying tesla. stuart: today is thursday. susan: yes. stuart: they go into the s&p 500 at the close of trade tomorrow. susan: and then start trading on monday on the 21. stuart: what is this about money going into it? susan: $12 billion in index funds or near exactly what the s&p 500 so if tesla is going in and companies are coming out that means we have to buy tesla because that demure exactly and the s&p 500 and kick out and sell off the two companies being replaced by tesla. other performance you mentioned moderna because we are off as we are in the bidding for the vaccine approval by the fda on friday and then let's check in on other movers as well. i'm looking at nike and we are
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seeing gains today for nike and, as you know, nikes or parting "after the bell" later on this week we will see how well this athletic maker is doing. so far they've done a much better than anticipated because people wanted to be comfortable, especially if they are working from home. we don't talk enough about the stock because look at the explosive rally again today. this is at their 7% rally and largest company in canada, second largest e-commerce player in north america right behind amazon and they playing catch up. they're basically plain catch up to amazon and sees up the charges largest. stuart: shopify is a canadian company? susan: yes, largest but does international business. stuart: what an extraordinary performance. nearly $1,200 a share. extraordinary. susan: yes, 1200 bucks. stuart: breaking news out of new york city. this will be interesting -- i will say bill de blasio is on the screen for this will be interesting. when we got, actually?
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ashley: yes, our good mayor mr. de blasio not happy he says with the way the stimulus bill is being put together but why? he says it's not enough and it falls short both for new york city and the state of new york. he says we need much more of a bailout, not only because of the expenses of covid but he says, you know, the mta, metro system is in dire straits and the school district needs funding. you know what mr. mayer? it like that before we knew what the word covid was so he's upset basically stuart and this is my take on this, he is not getting the bailout his city of what he was going to get just another one of those, you know, democrat led to cities on the federal government i.e. you and me and everyone else and all the other taxpayers to bail out their mismanagement but he says the city needs more. he also says, by the way, i found this pretty amusing, outdoor dining could resume in manhattan tonight so to just
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bring your shovel and a warm seat warmer and you're good to go. [laughter] stuart: that's absolutely incredible. i mean, as i look out the window it's still snowing and freezing cold in the wind is blowing blizzard conditions. hold on a second. susan: this is coming from mitch mcconnell and it's important for the market. he is hoping that a relief package could be reached today. stuart: today? susan: yes, this thursday and they are looking for some sort of bipartisan agreement and he said close at hand and warning against any last-minute hang ups over the coronavirus deal. stuart: bill de blasio and no doubt governor cuomo are not happy with the deal even if it does come today but i guarantee ashley, you're included in this, i guarantee they go back to the well with the new congress next year for a full-scale bailout of those badly run democrat state street i guarantee it but whether they get it or not that's another story but let's move on stroke. joe biden promised to stop border wall construction and
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could cast cost taxpayers billions but how does that work? we got a live report from the border coming up. number one california's governor was caught dining out? despite his own restrictions turns out that restaurant, french laundry, got millions in ppp loan money. details coming up. doctor anthony fauci says you won't see his adult kids for christmas this year and neither should you. will people listen to the doctor's orders or will the be a holiday revolt? pete hegseth, bitcoin guy, he's coming up next. ♪ ♪ want to brain better?
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♪ stuart: is it really? i will survive. why are we playing that? grammy winner gloria gaynor will sing that hit song to ring in the new year in time square but of course she will be singing it to no one and times square ball drop this year will be going virtual. not like that way back when. a member that 2019? jampacked and that's gone. now this, doctor anthony fauci telling people not to see their adult children for christmas. i wonder what pete hegseth has got to say about this? pete, are we in for holiday noncompliance or a revolt on a mask -- mass scale? >> i think which doctor anthony
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fauci are we talking about? the one that said don't worry mask or the one that said wear a mask? is of the one that said we believe the data coming out of china and we think they had it handled well or the one who's skeptical? i don't know which ones so i i just need to check? not that interested in his opinion on this big listen, we all respect the situation we are in print we all understand the threat this faces two people we love. as a result, we will all make the calculations as individuals whether or not we will gather with the people we love, including the people most vulnerable. i know a lot of people who are skeptical of the draconian measures for choosing not to be with elderly parents or parents because it's not the right decision right now. good for you. you don't need a government mandate when you have information in order to make those calls. i don't really care what doctor anthony fauci says. i care what me and my family and friends decide to do. stuart: pete, that's what i like about florida and the governor
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of florida, rhonda santos. he's come right out and said look, if you want to work we've got your back. we want you to work. we want to treat you like an adult. you want to decide if that restaurant is not safe then don't eat there. that is the way we should be going here and that would restore the economy and that restores people's sense of optimism. they are operating in their own self-interest. i'm getting confused here but you know where i'm coming from. >> bureaucrats and technocrats it's just too simple for your simpleton, stuart, how dare you trust people to make their own choices and if they are worried or sick or afraid that they stay home and if they're not to go out and you trust businesses to respect their customers and that's all too messy and free market for the bureaucrats in the dc types. they want top-down control with paternalistic views and it's the antithetical to the american spirit where states like florida are showing how you can do with respecting citizens. i know you agree with that.
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stuart: i do. i do. i do. when their local economies go bus they look to the taxpayers of other states to bail them out. >> exactly. stuart: enough of that. bitcoin guy, you are and to meet you will always be bitcoin at pete's. you will. [applause] >> i will take it. stuart: $25,900 up 12% we've got a forecast from a heavy winter, respected personal on wall street is going to $400,000 a coin. will you still work? [laughter] >> i might stop. that might be my stopping point if we get there. let me tell you this, stuart. people who get in now will still be considered early adopters. i know this is an all-time high but when you look at the potential of this based on the fixed limited supply and the technology of the block chain and the institutional investment. one year ago when we talked about this, year and a half when it hit 19 and crashed to 3,000 that was a classic bubble but
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now the level of institutional investment and the extent to which wall street has recognized its utility and the ftc is working with firms are issuing tokens and doing different securities and different security elements. it has a whole new level and these forecasts are not bullishness but billions of dollars coming from institutional funds into bitcoin because what is our government been doing? printing money like you've never seen before. interest rates at an all-time low almost negative and bitcoin becomes an alternative to gold and you are seen appeared i'm telling you, get in now. you are an early adopter still. i say that heavy looks very hard at this. initially, stuart, i was honest and that i would get into this knowing a code to zero but it hasn't and it shown it's much more robust than a lot of people thought. of still very bullish but i'm not selling any. stuart: i confess that when you and i were discussing it one year ago or two years ago, whenever, found out that you bought bitcoin i made fun of
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you. i am very sorry that i did that because nobody in his right mind makes fun of pete hegseth. [laughter] but i did and i'm profoundly sorry and i will not guarantee to get into big point. at my age it's a bit late to be an early adopter, you know what i mean? >> stuart, we are all converts. all are welcome. there's no apologies needed. anytime is a good time, stuart. we are grateful. stuart: you bitcoin guys are big tents people. all welcome. >> absolutely. we look to the future. game changer. stuart, you're the man. stuart: will you manage might investment account? don't mess it up. >> you would ruin the day. [laughter] you don't want that. stuart: what did i just say? susan: we should bring up the grayscale bitcoin again because viewers have asked how they can get into bitcoin if they can afford 23,000 a coin. stuart: what is it called again? susan: grayscale.
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there are other eps out there that you could buy slivers of bitcoin and other whole thing if you can't afford it. stuart: 13% of today and that's a major gain. stuart: that's a new high. stuart: give me those headlines from mitch mcconnell on the stimulus. susan: i think this might have impacted bitcoin and why were having new records. mitch mcconnell on the floor and senate set of highly likely that we will have to work through the weekend on coronavirus aid but said they need a short-term funding bill, as you know, that extension that deadline on friday they're still not finished with the wording. however, he does say we could possibly have a deal reached today in terms of what to put into this system is package. stuart: why does that help bitcoin? susan: is a hedge against inflation. like bowles. it's a limited supply and hedges against government policy and more stimulus and of course the beginning in the dollar. stuart: chuck 900 billion out there and that could be inflation and that works in bitcoin. susan: and the u.s. dollar needs
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something else to hold values. stuart: how about this one? air force is just made an historic flight, artificial intelligence involved, tell me about ashley? speaker yes, very cool. first military flight with an ai copilot. therefore says the reconnaissance plane was flown by a human pilot while his ai collie controlled sensor and navigation systems and, by the way, was the mission commander who had the final decision authority. while. the team flew a mission during a simulated missile strike and the ai's main job was to find enemy launchers while the human looked for threatening aircraft with both using the planes radar. just like r2-d2 really from "star wars" but without the beeps and the squeaks, as i say, very cool. stuart: if anyone will get that technology i hope it is us and it appears to be we are in the lead. good stuff. wait a minute, the army has a
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new tool to fight the virus but what is this? ashley: not quite as high tech but the army will issuing camouflage print official combat plot face coverings to soldiers each year. each new recruit will get to face coverings as part of their clothing bag issue bird that they are. even more of the face is now in camouflage. you just won't see them. [laughter] stuart: we got it all. who could forget the rants about covid safety on the movie set by tom cruise. in case you've forgotten or haven't seen it, watch it again. roll tape. >> we have creating thousand of [bleep] jobs. i don't ever want to see you again, ever and if you don't do it you are fired. stuart: another round, it happened again and there is thrush fresh fallout from it. details coming up. the push to recall california's governor gaining steam. should gavin newsom start looking for a new job?
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stuart: we are still holding on to that rally very nicely and mitch mcconnell says you might have a covid a deal by the end of this day with investors like it, dow was up 100, nasdaq of 73. joe biden takes the oath of office in five weeks? 's what is the top of his agenda? edward lawrence coming on here from live from washington prayed what is this about executive orders on day one? spirit president-elect joe biden says he will have an executive order mandating masks use inside federal buildings and on planes, trains and in buses but he also is working with the transition team with planned parenthood they spent $45 million on the campaign and they wanted they want executive order for reinstating funding as well as lifting the so-called gag rule for funding for legalized abortion outside of the united states paid president-elect biden says he doesn't like using executive orders but would use
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them if he has to govern here is the president-elect earlier this month or listen to this. >> there are certain things i can do. i can issue executive orders on pulling back some of the executive orders that trump put forward but i can't issue a negative order saying we will spend x billion dollars on this issue without congress appropriates and is responsible for tissue bidding that money. >> you heard him pulling back president trump's executive orders and that's a big one like the state of emergency over immigration that would shut down the extra money and shift it to you to build a border wall and other immigration -related activity and you could roll back exec order that requires removing two regulations for everyone regulation created and i'm getting the government out of the way and the tax cuts we've seen that lead to that record low unemployment. stuart. stuart: edward, thank you indeed. do you remember the restaurant to california or governor gavin newsom was caught dining out?
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well, it received a big chunk of ppp funds. ashley, how much? ashley: the french laundry got $2.4 million in that payroll protection program. not that amount and certainly in comparison to other businesses and that luxury restaurant got 17 times more than the average bay area restaurants. it's interesting an investigation by local abc affiliate there with thousands of california loans over analyzed release by the small business association and they showed that the wealthy big businesses are often getting access to loans before the small mom and pop owners. out of all the approved loans in california 91% of larger restaurants got there loans approved versus only 52% of smaller restaurants. those restaurants that can't charge $1,200 per head for all little meal in the evening
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apparently cannot stay in business while the french laundry who counts governor newsom among its clientele can carry on very well. the optics are this are not good. [laughter] stuart: sarcasm is a low form of wit. [laughter] ashley, all right. thanks. still on this, the movement to recall governor newsom from telephone at gaining steam. tomi learn is with us. i believe it's eight out of 50,000 signatures on the recall movement so far. but i put it to you, tomi, so what? you can remove the governor and it might happen but who will replace him? don't tell me it will be a free market small government low taxation republican that would never happen in california. >> well, never say never, stuart. you never know. maybe californians are starting to wake up and understand through everything that this governor is doing and everything their democratic leaders are
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doing that this is not the way to go. if you vote democrat, he that tyranny. there are a lot of great candidates for governor in california and major williams is a friend of mine and he is doing a great job in his campaigning and working to recall the governor but i say california is starting to wake up and i'm cautiously optimistic. stuart: i think what governor newsom wants with the governor of illinois and the governor of new york and probably in new jersey well is a bailout from the beds prayed what you think about? you know, they mismanage their economies and will give you that 100% and i think they will go to the new congress and demand hundreds of billions to bail out there bankrupt pension plans. do you think they should get it? >> i don't think they should get it but i think you're right on the strategy here. i think governor newsom is taking his economies we can get that bailout and everything under the rug has been sweet under. but keep in mind both california and new york and especially californians think it's just starting to fail because of coronavirus. californians should know their
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state has been failing long before coronavirus but coronavirus did not create the booming homeless population or make it a sanctuary state. it did not create the taxes and regulations, including a gas tax that makes their gas the highest in the nation with those things weren't covid related bid that failures long before covid and have failures long after covid. if they don't bring in someone that's independent thinker and someone that can handle that state. stuart: are you glad to you moved to nashville? >> i'm very glad i moved to nashville. i will say i'm very proud of the californians that are standing up and opening their businesses and that are banding together but that's what i like to see and i hope they keep it up. i hope that gavin newsom is very nervous because he just might
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get a recall for christmas we went there certainly a revolt in progress. tomi lahren, thank you for joining us today but we will be watching you on your show no interruptions available exclusively on fox nation. thank you, tomi. actor tom cruise making headlines again with a new round about covid rules on his movie sets. susan, why don't you ask lane what happened? susan: the leaked audio of him yelling the first time, going viral made him even more angry according to the new york post. he was in a tirade again on tuesday night on the set of mission impossible seven and that resulted in five more crewmembers quitting prayed they said tensions have been running high for a while and tom cruise has been going to extreme lengths to keep work on the sets. we know that in the roman portion they were 12 report cases of covid-19 and this is a lot of pressure for him and for the studio in order to get the production budget intact. you don't want to go over budget by filming extra days and then if you have to shut down what does that mean for the release of mission impossible seven for warner bros.? stuart: fairpoint but what were these people doing? where they too close together and not having social distance? where they dropping the mask when they were not supposed to? susan: the first time we heard the expletive laden meltdown was
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because of social distancing. they weren't standing 6 feet apart and masks don't have to be worn and most times a lesser filming but there has been debate about whether or not tom cruise is right in this type of shall we say delivery in a workplace environment. whoopi goldberg says she applauds what he is saying and what he's doing and maybe the delivery and the message was wrong but the message is correct. stuart: we will not continue our debate about this. susan: we are not? stuart: out of time. susan: we had too much fun. stuart: we got this 100 imax building hundreds of movie theaters but they are not in the united states. susan: they are building in china, 400 new theaters over the next three years. they have 700 big screens in that country and once 50% expansion for the reason, china will overtake the u.s. as the world's biggest movie theater or movie market and might happen this year because if you look at the state so far, to not billion china compared to 2 billion in u.s. and those are roughly a quarter of what you usually get. stuart: their cinemas are not
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close, i take it. susan: i think 75% are up and running but it's also up to the studios about whether or not they put it in the theaters or do they stream it instead. stuart: almost all are closed here, i think. susan: most, i would say. would you step into a theater in these times? stuart: i would, certainly print mask, sure. there's a difference there. let's get serious. the new los angeles district attorney announced that the da announced an end to cash bail and the death penalty. heather macdonald says this will eviscerate basic law. heather macdonald joins me coming up next shortly. joe biden says he won't build another vote of the border wall appeared crews are working around the clock to build as much as possible before inauguration day. my reports coming from the border. ♪ ♪ t-mobile is upgrading its network
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stuart: joe biden says he will not build another photo border wall. well, think about that. it could cost taxpayers billions of dollars. interesting, grady trimble is at the border in arizona and how does this work? how could stopping work cost money? reporter: stuart, the contracts are already signed so u.s. customers and border protection says it would be extremely costly if potentially in the billions to stop the construction. we picked the spot today because you can see where the newly constructed wall stops and the old fencing starts. that fencing is set to be replaced but that might not happen under joe biden presidency. i want to show you some video where the construction is happening but we traveled about 15 miles along the border yesterday and you can see once again where the wall ends and where crews are working to put new wall. they are essentially working around the clock right now to
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build, as much as wall as they possibly can. they're set to build around 450 miles of it by the end of the year but there is funding for around 200 plus more miles and that is why mark morgan of customs and border protection says that terminating those existing contracts could cost a lot of money prayed listen. >> there is to it at 70,000 tons of steel that is already been paid for that we are going to have to reverse to just walk away from. that's unconscionable to me and real quick, it's not just about steel and concrete and the ground but about state of our technology and they're not just going to cancel steel and concrete but canceled the technology which has been a game changer for secure our borders be. reporter: president elect to biden says he wants to focus on high tech solutions and parts of entry. it is worth pointing out that along with the wall they are adding electrical lines and fiber-optic lines on the other side of the road that you see behind me and that is so they
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can shine bright lights year and have cameras as well, stuart. there is some tech involved in this, to. stuart: thank you, grady. we will see you later. the new los angeles da speaking out against the justice system could watch this. >> they saw sold us a false narrative the more police, stiffer penalties and more people locked up in prison made us safer. stuart: heather macdonald will join us shortly and says this will make the city more dangerous and she makes the case after this. ♪ ♪ [ sigh ] not gonna happen.
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stuart: as you may note new york city is suffering from a major snowstorm. we've got a lockdown of restaurants and mayor de blasio has just held a press conference. what is the revelation ashley? ashley: talking about restrictions. he said the city will need them sooner rather than later and said the infection rate is too high in the number of cases is it too high and the number of people going to hospitals is too high and is talking about right after christmas. i looked at his comments and he
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said that that is the time where the natural moment when the world slows down and we will have to keep looking at the numbers but the way they look he says these restrictions need to come in again in the headline sooner rather than later. stuart: that is not something we wanted to hear when we are shutdown from a snowstorm and that is a fact. ashley, still on the pandemic here. look at kroger. they released a list of the most popular pandemic purchases. susan: when you can't go to the restaurants you stay at home and bring in the chocolate, the cheese and the red wine. they did well at kroger this year, not surprising and it's like my diet is well. talk top items were 0-calorie soft drink and then cheese, flavored potato chips number three, white wine number four, rounding the top five whipped cream. comfort food and drinks. stuart: but that is the order of pandemic purchases in terms of
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most volume. susan: yes and most popular but kroger said because it's been such a rotten year people have transition because of the school home and work from home so you can imagine booze and chocolate played into it. stuart: booze, chocolate and fast food but nothing like it. let me switch gears completely please print look at this. that's an op-ed in the new york post that says no bail, just part of it. la's new da totally eviscerating basic law. bringing the author of that piece, heather mac donald she joins us now but welcome back, heather. good to see you. >> thank you, stuart. pleasure. stuart: is this a real revolution in -- from the da in los angeles? could it completely overturned so many things? what is going on here? >> it certainly is big national revolution happening in cities across the country. you have a slate of very left-wing prosecutors mostly funded by the george soros
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foundation who are reporting to remove racial disparities in criminal law and they are doing that by simply stopping criminal law enforcement entirely because that is, in fact, the only way you can eliminate racial disparities. the fact of the matter is that we have a fair criminal justice system. it treats people equally but it treats criminals the way they should be which is holding them accountable for their acts. the fact of the matter is there is a great disproportion of criminal offending in this country and los angeles for example, blacks are 9% of the la county population. they commit 44% of all violent crimes. that means you cannot prosecute crime without it having a disparate impact on blacks but when you stop enforcing the law you have a disparate impact on black victims as well because they are the ones that will get hurt when george gascon says to
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criminals you may resist arrest with impunity per he is not going to prosecute people who resist the police authority and this is a travesty. george gascon is to be with the la police department and he was once a police officer and he and his failure to understand that sending a message to criminals that you may resist officers and a failure to understand that's a recipe to break down civilization itself and to result in more resisting arrests, more police shootings because that is what predicts police shootings is utterly annexed bookable. stuart: one last one. he has the power to do this? he's the la da and he can do this just he does it, really? >> yes, he does. there's a revolt within his district attorney's office, seven other people have signed petitions saying this is outrageous but he can set what
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the guidelines are and he can simply choose not to prosecute. this is happening in chicago and in philadelphia and it is happening in seattle. it is all driven by disparate impact in race and we have to fight back this narrative, stuart. it says our criminal justice system is racist because as long as that narrative remains dominant and is one that has been embraced by the biden administration he in essence wants to do the same thing the george gascon is doing here in los angeles and say i will eliminate racial disparities from law enforcement and that narrative is false but it is going to result in hugely rising crime and already seen it this year stuart and i'm protecting and now you will see the largest increase in violent crime in this country in decades and it will be record-breaking and it will get worse if the bi demonstration because he is appraising the same philosophy
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as george is gone here in los angeles. stuart: heather, i'm sorry we have so little time but come back in cs because this needs publicity. we need to know about this more. heather mac donald everyone, a starboard thank you for joining us. join us later. >> thank you, stuart. stuart: the big board still shows again, 80 points, nasdaq up 38, modest rally, more after this. ♪ ♪ to
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♪. stuart: i really like that. i really do. that is senator lamar alexander, republican, great state of tennessee. he is playing christmas carols obviously on the piano right there on capitol hill. he retires next month. by the way, at one point virginia senator tim kaine, he is a democrat, he joined lamar alexander with his harmonica. that is bipartisanship. kind of like to see that. wish we had it on tape. i will tell you something, next week, you got to be a faithful viewer of this program, i am going to be coming on camera wearing a rather strange christmas sweater, singing good king wencelas. i already do it.
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i taped it. most of fox already seen it today. i'm told i made a fool of myself susan: do you think lamar and tim kaine run for their money you hit the high octaves. stuart: i won't be there. susan: tell me what day you will run the promo. i will not be here. stuart: neil cavuto will be watching me, is that right? neil: it is very good, you have a very good voice. stuart: you saw it? neil: yes i did. i was watching remotely. >> okay. all right. neil: just thought i would tell you. looking forward to seeing it again. looks like a pay-per-view event. pay-per-view event. i will do the italian accordion thing i think we're off to the races. we'll look at that it is very good, stuart. blew me away. not the sweater. your viewers are
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