it's been a great show. thank you so much, liz, thank you brian. have a great week and a merry christmas to you both. thank you for joining us , everyone. brian, do you want to say something? >> i'm just waiting saying stay warm in your sweater this winter. maria: you got it. 13th day of december. 's next. . stuart: love those sweaters. love those sweaters. good morning. good morning, everyone. monday moderna's vaccine is on the way. millions of doses of pfizer's vaccine have a ride and are ready for the job. there is a deal on virus a, $900 billion total, $600 stimulus check, $300 a week unemployment , 300 billion for small business this is good, but there is something different this morning. a new strain of the

virus has hit to britain, 20 million people who live in and around london are on hard locked down, no or socializing with christmas counseled in many european countries banded travel to and from the witten-- britain. this new strain is easy to transmit. south africa is being hit by a new strain, but a different strain from the one in britain. all these questions here will the strains diminish the efficiency of the covid-19 maxime? will the new strains come here? will there be a whole new series of lockdowns and travel restrictions? no answers at this point, but there's a surge of anxiety just as covid-19 vaccine is arriving. this is not good. "varney & co." is about to begin. ♪

stuart: did you know imagine dragons were once on this program? susan: i did not know that. stuart: they gave an interview to us from germany. i don't know what the subject was. susan: did you tell them you were a fan of your music-- of their music? stuart: of course i did. a couple of hours ago it was much worse and it one point we were looking at a near 700-point loss for the dow industrials and now the dow jones is down just over 400 points, almost one half percent. s&p 500 down 1%, nasdaq on the down side as well. this is predictable, airlines down across the board even though they get money in the covid aid package. this is predictable, stay-at-home work from home stocks going up, this is what happens when travel may be

restricted and lockdowns increase. now look at tesla, it's actually down this morning just as it's added to the s&p 500. we will sort that out, but let's get back to the new strain of the virus that has clobbered the britts. on your screens are countries that announced brands-- bands or strict restriction on uk travel. governor cuomo stating it's on a plane to jfk right now at what you have it? ashley: good morning, stu. the governor says that because jfk has a six incoming flights from one did every day, but i count 10 with multiple airlines that have yet to see restrictions put in place. cuomo calls that reprehensible" grossly negligent to allow uk travelers to fly to jfk without being tested and

the governor says it's the feds that have the authority that they should impose a covid test at the minimum if not an outright brand-- man and adds it's only working assumption the vaccine would be effective against the new strain. north of the border as we know canada suspended entry of all passenger flights from the uk for 72 hours which went into effect at midnight. we are keeping an ion us and and health authorities and the federal government to see if they will impose some sort of restrictions on any flights from the uk, stu. stuart: this new virus strain in britain is considered-- i think the way to express it is 70% more contagious than covid-19. infectious disease doctor dr. matt mccarthy recurrence this morning. doctor, a bunch of questions, can the virus come here and will covid-19 vaccine covered >> i'm kind of

scratching my head this morning on this one. we have known about this mutant strain of coronavirus for months. it didn't just pop up and we are scrambling. this has been around for months and it's finally won out in a survival of the fittest and we now can see is the predominant strain in certain parts of the world and in london. there's no evidence that it's resistant to our vaccine. there's no evidence is resistance to our treatment and there is no evidence that we have a way to contain it. the governor is correct, this thing came to the us probably months ago. i don't support strict travel bans and lockdowns because the cat is out of the bag in the final thing i will say is there's no evidence it's a 70% more transmissible. i actually looked at the data and they don't know that. it's a wild guesstimates stuart: so what we don't know is very important because we don't

know it. hold on for one second. i have some more questions later, but i went to turn to keith fitzgerald there's a big time a selloff, keith and despite the fact we have the moderna vaccine out there and despite the fact that we have a virus deal we have a selloff. should we be worried? >> here's the thing, stuart, should you be worried? sure, but she did abandon hope, absolutely not work on talking with my team about taken the other side of the trade tomorrow. i think it's a knee jerk reaction into the good doctors point there's a lot we don't know which means we have the best on the recovery because that we do know. science will beat this thing. stuart: you are betting big time on a vigorous recovery next year because you say money is being chucked into the economy, chucked into the market; right? >> i'm not betting big time yet, but that's the

intention. we have never before had a global lockdown in recorded history, never before had a simultaneous-- the amount of money that will be thrown into this from central banks that's on the sidelines when people fear they are missing out will be staggering. is the timing adjustable? yeah, but midyear or next year or so i think we are back to the races and the opportunity is to be on the starting line, not trying to figure out if you want to be in the stadium. stuart: thank you. want to go back to dr. matt mccarthy. pfizer's vaccine, there are reportedly side effects. is that a big cause for concern? >> not a big cause for concern, but something i'm keeping an ion. we say we breathe a sigh of relief once a vaccine has been given to 3 million people. we are not there yet. what we are seeing is some people seem to have

illegitimate allergic reaction and some people are just getting nervous or they don't know what's going on and maybe it is an allergic reaction and because it's so new we have to watch it. i have not seen anything that concerns me got. there's been this thought that pile-- polyethylene glycol is the ingredient causing allergic reaction in that kind of weird. it's all over the place. we use it as an inert substance, but that component, that polyethylene glycol is also in the moderna vaccine soap we will keep it close eye on allergic reactions and to get back to the point about the new strain, if somehow the virus continues to mutate and get around vaccines we have, we can update the vaccines. there are people at the nih already working on this issue. we will not be caught flat-footed and i'm in no way concerned we will somehow fall behind in the virus will outsmart us.

the vaccines are powerful and if necessary we will update them the way we do with the flu vaccine, so no reason to put a damper on 2021 with a mutated virus we have known about for months. stuart: thank you. we appreciate your expertise. dr. matt mccarthy, we will see you soon. by the way, a third vaccine could be approved at the start of the new year. lauren, good morning how soon will we see this thing? lauren: good morning. next month and that comes from a member of the white house coronavirus task force. he says he expects johnson & johnson's one shot vaccine to be submitted for regulatory approval in january. jn j is waiting on the phase three. they need to find out how effective their shot is. of a completed enrollment the trial, 45000 people and yes, they plan to file for emergency use authorization when the data comes in, again,

expected as early as the end of january, so one month away. stuart: thank you. after months of the failed talks congress has finally reached a virus release deal. susan is with us to tell us what is in it, but when do we get it? susan: nancy pelosi and her speaker are on the floor of congress talking about the coronavirus in this deal that may be sealed and voted on as early as tonight so $900 billion here, 600-dollar checks to americans making $75000 or less, $1200 to met couples making hundred 55000 a year and here we have in that extra weekly jobless benefits of $300 a week, so after-- we are talking ppp program around 20 billion or so, airlines 15 billion, theater and performance venues $15 billion in grants and tax credits for railroads extended.

initially tax hikes would have been put in place january 1, and to help out restaurants full ride off on business meals meaning a martini at lunch is a full ride off for those businessmen and women. stuart: that was always a thing of the past. susan: martini lunch. stuart: i don't know anyone that drinks three martinis at lunch. that's a lot of help on the table that will be voted on very soon. love to hear that. tesla, they are added to the s&p 500 as of now, i think, the downed three and half percent three to all the took place friday, $150 billion in tesla shares exchanging hands, the fourth time the normal volume.

that's what we call a frenzy and also under performance for stacks that's typically take place with their added to the s&p 500. remember when warren buffett was added to the s&p? tesla by the way is considered expensive and one of the most expensive ever to be added to the s&p already the sixth largest company on the broader index see when i'm just to see it go down three and a half percent. susan: are not surprised. stuart: thank you. checking futures. if you are just joining us, here's how the market opens, in the red premature as the board, but i see the dow jones coming back a bit. when we went on the air we were down 420, now, we are down 380. how about winnebago? there are pandemic winners, obviously people finding different ways to vacation.

winnebago ceo joins me in the 10:00 a.m. hour and i have an audit question for him, will winnebago go electric? verse, fda approves the very first at-home covid test that you can buy over-the-counter. of the company's founder and ceo will join me next. ♪ (clog dancing) at least geico makes it easy to bundle our renters and car insurance. yeah, helping us save us even more... for bundling made easy, go to geico.com

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

[laughing] that works. stuart: we're coming back to this, when we went on the air 17 minutes ago the dow jones was down over 400 points and now it's down 330. baby doctor matt mccarty made a difference when he said they are already working on a vaccine to taking account for the

new strain coming in from britain. alibaba founder and richest man in china jack mark trying to make nice, but alibaba stock is down the. susan: he is offering a piece of the company and in a report with the beijing bosses jack ma was extending a olive branch. this was ahead of the record-breaking ipo so the move was-- in october he criticized innovation and china still put off and canceled his record-breaking ipo and also pushing for more regulation over a big tech in china over the next two years so communism is probably rethinking their appetite for capitalism, but alibaba stock coming

back from worse levels. stuart: jack ma is having to bow to china. susan: that's expected when it's a government driven economy and what the state says is all. stuart: communist government for you, i guess. my next guest developed the first fda approved at-home test. sean parsons is the founder and ceo of ellume. welcome to the show. obvious questions, when is the test coming, how much will it cost and where can i get it? >> so, february, about $30 and we are working hard to get it into the retail pharmacies, cvs and walgreens. we hope february, but march time is when we are confident we will have it available in america. stuart: what kind of test is a?

i have done a variety of tests with a swab up my nose, estate test, what is yours? >> this comes all in one in a kit and has everything you need in it. the analysis is done on a little analog like this, so all the smart is on this cartridge. your personal smart phone and bluetooth so that analysis is in here and the results are communicated through your phone when you download a free app and results in 15 minutes. stuart: from the moment you do it until you get the results on your phone, 50 minutes, $30. how many of these tests can you get to america? >> so, tens of millions in the first half of the year. we are lining up production in a big way right now. first batch was produced in the facility today and we are going as hard as we can to make as many tests for america

as we can. stuart: once with i have got one is it one and done in other words i use it, have the results, can i use the test again? >> single use cartridge. the analysis has happened so it's just a single use product is. stuart: you are in australia, i think, certainly sounds like you are. what are you guys doing differently that you got there first before the americans? >> we just happen to be in australia. for us it's always been about america. there's lots of technology in our products and it's taken a long time to develop. fantastic work has come out of america, terrific work out of the uk so it's very much a global effort. we happen to be headquartered in austria,-- stuart: where exactly are you headquartered? >> britain. stuart: i'm sorry.

i was going to suggest you stop by my son's vineyard and get a free bottle of wine, but you are too far away. we appreciate it and good luck to you, sir. thanks. >> thank you for having us. susan: for you to offer wine for a test. stuart: my son's wine, by the way, not mine. futures are not as bad as it was. i got up early, about 4:00 a.m. i saw the dow jones down close to 700 and now it's down 300. more from wall street after this. ♪ this is decision tech.

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stuart: we are on the downside from the get-go which will be in about four minutes, down about 300 points. bed, did the bulls get ahead of themselves now that we have this new strain? how we overreached on the bullish side? >> stuart, let's not look too much into the futures.

lets see what the market does today, but the short answer is yes that there have been too many balls, not expecting any bad news. certainly what we have out of the uk is very bad news. this virus is mutating into a virus that spreads more rapidly and i think that's when the market to the big dive that 4:00 a.m. i also woke up with the same kind of sinking feeling, but then i read the news and it seems as though they are pretty optimistically-- the folks of the medical profession with these new strains of the vaccines can deal with whatever strain the virus mutates into. stuart: doctor matt mccarthy told us the new vaccines can be adjusted to take into account the new strain. >> it's over 90 for percent effective and i guess there will be stress tests to see how

good the medical folks are, but it seems like they have risen to the challenge. stuart: you are on our program frequently and you have always been bullish for next year, not exactly an explosion of the stock market, but another solid game. you have not changed bad at all? >> i don't really want to fan of the flames that it may lead to a melt up. we have had a significant up from the march 23rd, low and i think the market is ahead of the fundamentals. it would be nice if they moved sideways for a while, but with interest rate zero and fed chair powell last week said something reminiscent of greenspan's comments in 1996, basically when he was asked if the market irrationally exuberant he said not necessarily how low bond yields are, he didn't tell us that he is keeping bond yield

low. stuart: any problem with the new stimulus package good or bad? >> i think it was expected, the politicians just could not go back home for their holiday vacations without some support for people who desperately need it and businesses that desperately need it, so it helps. it won't fix anything. it will just a moderate the pain quite a few people feel and it's a good thing, for sure. i think the markets you know may sell on the news, which is another possibility this morning , but anything that keeps us from falling into recession is good news. stuart: you wouldn't be surprised if we close higher bit this afternoon? >> not the way the market has been behaving for years. it can do anything on a daily basis of. stuart: well done, ed.

you have made us feel better as the opening bell is about to ring. thank you. here we go, we are about to get off and running on the market this december 21, which by the way is known as the shortest day, the first day of winter, the solstice. susan: winter solstice. stuart: 9:30 a.m. we are going to be down. but see how we close, but we are down in the early going. a mere 280 points, bats with all the dow stocks open, most of them are lower. et al. we open. make note of how we may close. a few hours ago we were down 700 and now we have opened and we are down 276. s&p 500, down a bit more percentagewise than the dow jones, 1.9% and nasdaq composite down 1.16%. stocks are down in the

early going. travel stocks are way down this morning. we have this new strain affecting travel. ashley, this is because of a lot of new travel restrictions; right? ashley: absolutely and we have already seen travel restrictions between the uk in numerous countries around the world. one of the busiest airports in the world, so the impact is significant, not just the airlines as we see with lots of red on the airlines and here we go a bad, the cruise lines and hotels are all down to, 3% being dragged down as investors worry the travel industry could be facing more setbacks because of the new strain of the virus. us carriers still burning through $180 million in cash every day. passenger volume still down nearly 70% from last year and all the airline and hotel stocks down 40, 50% if not more on the year. stuart: thank you. boeing is down this

morning. remember it's a dow jones of stock affecting the industrial average so granted they have a travel problem, but what is this about that they had been coaching pilot's? susan: to get the 370 max back into the skies. this goes back to the simulator test to determine if the pilots could react quickly enough to faulty software similar to what happened with the fatal accidents and a whistleblower said boeing coached their pilots on what to do in the circumstances so the plane would seem safe enough to take off again the senate report also blames the faa and federal aviation administration of the relationship with boeing i don't-- the senate report and the airline stocks falling today and the fact that we might not get back to travel like we expected.

stuart: one more and that is the big banks appear they are all up susan: they have been allowed to buy their own the stock again. that was a big surprise green light from the federal reserve friday. wall street was expecting this, but that the determined not only did america's biggest banks have enough cushion to absorb that downturn of the economy but also start buybacks. jp said they'd buybacks $30 billion, morgan stanley said they would restart purchases next year and when you buy back the stock it means it goes up and that's what's happening. stuart: elizabeth warren and bernie sanders will have something to say about that. then we have lockheed martin buying aerojet rocket. i have no clue what aerojet rocketdyne does. ashley: they make rocket engines and for lockheed martin it's

about getting the pentagon contracts where they compete with companies like blue origin. they are spending $4.4 billion to buy aerojet. look at the stock, up 22%. so they can better compete. that is the price tag and as the reason. i gave you a lot of green on a day when the markets are tanking. stuart: i would love to see how the market closes because we were down 700 at 4:00 a.m. and now we are down 220 just after opening. susan: i went to note that this by the way, is a hollywood week and most market investors closed their books friday so that also exaggerates the mood. stuart: show me apple, please. they are down a tiny fraction. i know they will-- they are going to close their stores in california, but that's not why the stock is down. susan: is not even down that

much. they are probably lower along with a broader markets. we know apple store closures have been economic indicators in their closing their stores in california, tennessee and the london. in compliance they say with local orders of 53 stores in california, dozen in tennessee, dozen in london, 18 stores in germany and the netherlands, around a hundred stores that had to shut at least temporarily. remember when they had to close all 300 snores -- stores in order -- north america and they still reported record quarters and numbers of sales. stuart: down 200 on the dow jones. now 199. interesting. nike, big winner, 6%. tell me why. susan: that's got to be a record level. it had a huge summer with china online sales big china sales jumped by a quarter.

north america and china is recovering faster. on my sales got reiki-- skyrocketing. in their new ceo really working out well. by the way nike spent us on marketing so cost went down because he didn't have to spend so much time. stuart: i wonder if charlie woods, you know charlie's son, did he wear the score-- wash. susan: you watch that this weekend? so did i. 11-year old phenomenon. stuart: just like his dad. we talked about this already, but tesla debuting on the s&p. it's on the downside to the tune of $30. susan: typical underperformance

with the stockett's added to the s&p, and still the most shorted stock on the planet. $32 billion worth of stock betting against tesla and that's the highest volume in the world on any stock. tesla is now bigger than all nine carmakers combined. accounting for 2% of the s&p, roughly about half of apple. tesla, i mean, if you look at it is the fifth largest stock now on the s&p. stuart: it's worth more than the top nine car companies in the world combined. amazing. thank you. now down to $30, 665 is your tesla quote. after negotiating for months lawmakers reached a stimulus deal. they are expected to vote on it today and if it happens during this show you will see it

live. one more look at the markets, only down 150 on the dow jones. that they come back. rex joins me with a stock pick, very interesting one after this. ♪ we made usaa insurance for members like martin. an air force veteran made of doing what's right, not what's easy. so when a hailstorm hit, usaa reached out before he could even inspect the damage. that's how you do it right. usaa insurance is made just the way martin's family needs it with hassle-free claims, he got paid before his neighbor even got started.

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stuart: it's coming back, i'm telling you. we were down 700 at 4:00 a.m. on the futures for the tao and now, we are down 168 after 12 minutes of business. 10 year treasury yield above .90%, now .92%, not sure the significance, but it is up. price of gold 1886 per ounce and bitcoin up 110

points. i was going to ask you, susan, why was it down because it was, but now it is up. susan: people were selling bitcoin to raise cash, but if you look at the indices for coming back of course bitcoin will attract cash. elon musk making news on bitcoin saying cryptocurrency may be slightly better than cash in his words, so that's a bit of a endorsement. also, bitcoin means those more easily buyable bitcoin think of grayscale in the crypto index fund, that's how most people that buy it, so grayscale so i have a lot of people asked me how to get in, but if you look at it, they actually trade 350%

above their actual bitcoin holdings of 35% for grayscale, so that shows you there's a lot of fear going on. susan: with ic is $24000 bitcoin , down 22000 this morning bouncing back to 23000. i call that buying the dip. susan: people always ask me how to get in, that's the etf. stuart: show me stable road acquisition. never heard of it. a bring our market analysts greg smith. greg invests in futuristic type companies and stable road acquisition is going to buy momentous space or already has bot momentous space and i had to get this right, greg, momentous space manages satellite in space and positions them

precisely. do i have a right? >> you have it right. buckle up, we are going to the stars whether or not you like it or not. in the private market i have witnessed a tremendous amount of activity of all these frontier companies. in the public market, there is really eight lack of a way for public market investors to sway the growth of what's happening in the private market. we are familiar with elon musk space ex-pats trading over $4 billion a month private market and i think domestic-- momentous which you said is being acquired by stable road and i think that expects to close in the first quarter. this will be the first way for public investors to sway and invest in the first space infrastructure company. stuart: you think it's going to be that big? you think the private activity in space will be that big? >> i do. we have a tremendous amount of activity, one

of the largest financing a couple weeks ago for company i talked about a few weeks ago relatively space. they just raise $500 billion in the private market so compare 500 million-dollar private round to even some ipos we see today, which many companies are getting financed. this is a harbinger of what the public market will see over the next four months. we will see frontier companies coming to market and becoming public. stuart: is there an etf that brings together all these fewer plays in space allowing me too invest in a basket of pure plays in space? >> i'm not familiar with an etf, you know the other big players virgin galactic which is another publicly traded one. i'm not a holder of that one, but momentous i think will be the next way to play the sector.

i'm not familiar if there is a etf. stuart: but the clear, you have a piece of stable road. >> i do because i believe it could double in the next 18 months. again, a great proxy and a great way to play as more investors come into the space, no pun intended to. stuart: you may have moved the market already because now it's up nearly 10%. of course you are calling your own netbook they are. before relief, give me 30 seconds on tesla in the s&p now. are you buying it? >> i'm not buying tesla. it's our version of walt said-- while disney. my only regret is i sold the stock earlier this year. this is one i don't know how to value. you probably have a lot of people from running the stock.

we see this every summer with the russell 2000 rebounds. people go out and buy stock they believe they will join the russell 2000. so, i don't know if it has a big runoff into that trade friday in what will happen, but it's hard for me too assess. it's a great product, great company, but i can't put a price on it. stuart: greg, thank you for joining us. one of the themes on the program has always been the vaccines and the ppe , how much estates have to spend on it. turns out it's been an enormous amount of money the states a bill for equipment gear is enormous. how much money are we talking about? lauren: its taxpayer money and it's over $7 billion and that's just for the spring period, states trying to get masks, gloves, thermometers. the effort was described as the wild west in the

beginning and then went towards finding a company that had them, bidding for the purchase and stockpiling and the number comes from the ap with spending the most followed by texas, maryland and massachusetts. was interesting is base were competing with each other with the federal government, with the hospitals, with everyone and prices went up so much, so if you look at an end and 95 mask it was average 50 cents and the winner and then $3 in the spring and in some cases $11.50 just so some states could get them as soon as possible stuart: i guarantee that states were more of a bailout with the new congress next year or did they will ask for it at the very least. thank you. got to check the market. way down before the market opened and it now down 188. we have really cut the loss. on your screen right now

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stuart: coming back, dow jones now down 148. look at these three stocks, goldman is way up accounting for 100 points up for the dow jones, jp morgan up accounting for 33 points on the dow jones, nike at the 6% accounting for 66 points for the dow jones took if it were not for those three stocks that dow jones would be lower. down 160 as we speak. next case, the britts facing more lockdowns after a new strain of the virus was detected. greg, what are officials saying? >> they are saying caution, stuart, just in time for christmas a huge covid-19 problem in the uk, maybe elsewhere as well. starting saturday was revealed a new mutant strain of the

coronavirus was detected in london and the south east england saying it's responsible for as much as the 60-- 60% new cases and they say it's a 70% more contagious than that old coronavirus and they issued a ban on for old -- foreign travel issuing a mad rush this weekend to train stations. right now over 30 countries, canada, russia, banning anyone from entering the-- from the uk. france banning all truck cargo from the uk basically shutting down cargo traffic between the uk and europe with thousands of trucks backed up. supermarkets warning of shortages as vaccines continue to be rolled out and scientists say it's not necessarily more deadly, maybe not resistant to the vaccine, but they are not sure so they are still checking. what is it mean for the

us? the us is not yet following the lead of other countries banning travel from the uk into the us but they are looking at it and european union is trying to move goods again. we may get word on that couple of hours. this as new reports come of a detected new strain in other countries as well. it's a widespread issue. stuart: greg reporting from london. thank you. still ahead on this program today, kelly set-- hold on a second markets, i have to point out that earlier today matt mccarthy, doctor of infectious diseases said the vaccines which we already have me adjusted to take into account the new strain. back with more after this. ♪

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♪. stuart: is that the anthem of this program? susan: it should be. stuart: should be, i kind of like. i like the beatles version in particular. who is quibbling. money is the name of the song and we're all over money. we still have a big show ahead. we're talking to the winnebago industries ceo and stephen moore and ed rensi.

we are coming back. not as much as we were a few minutes ago. we're down 220 on the dow. nasdaq down 46 and s&p down 133. moderna, vaccinations are beginning today. millions of doses being rolled out there. that i thought was good news for the market. it is superseded, new wave, new train of the virus that really hit the brits. by the way a third vaccine is expected to come maybe in january. it is from johnson & johnson. that, by the way is a one shot vaccine. moderna, pfizer, two shots. j&j one shot. tesla made its debut on the s&p 500 as of this morning. the stock is down 5%. i will put that down to profit-taking. that is what susan li told me to say. look at microsoft. i think they're up this morning. only just. but they are up in otherwise big time down market what happened? susan: outperformance in a down market, right? microsoft actually upgraded by

citi telling investors it is time to buy because it is worth $200. occurring to citi, growth in cloud and cloyd product azure. higher sales of office 360 mix this year. workers working longer from home. they need more access to work here. stuart: we got walmart, upgrade for walmart? susan: top stock according to rbc. outperformance in a down market. calling it a buy. it will be word $170 according to rbc the reason will mart size, e-commerce, value to consumers. where people rush to buy essentials this year during covid. stuart: susan you are not off the hook at this point. susan, tell me about bitcoin. wait a minute. goldman says bitcoin will not, will not replace gold. susan: i found it interesting in the goldman note compare more to say copper and reflation story

when it comes to the economy. stuart: really? susan: goldman says to them, bitcoin is retail reflation trade if you want to look at it, gold my the be more institutional. depending where the money goes. people argue ad lot more retail individual, even hedge fund money has gone into bitcoin this year. that is why we're looking at the 300% rally this year. even traditional money managers, paul tudor jones not exactly millenials, saying it is early innings when it comes to bitcoin, goldman says bitcoin is not the new gold. susan: which i found interesting. stuart: not, not. look who is here. dennis gartman. dennis is going to pass judgment on bitcoin and i know exactly what he is going to say. you are going to say bitcoin ends in tears. spell it out? >> eventually bitcoin does end in tears. i don't think the central banks of the world will give up the

monopoly they have on monetary policy. it is illogical to think that is what will happen. bank of japan or bank of china made it impossible to buy bitcoin in china. they do it surreptitiously. all the banks will have a crip cocurrency. one of the december we'll walk in, who knows where bitcoin can go in the interim, 200, 300, 400 thousands. markets can remain illogical far longer than you and i can remain sole vent. we'll have the fed create their own cryptocurrency and made it impossible to trade in bitcoin. it will end in tears. i'm chairman of university of akron endowment committee. itch a hard time to convince with you need to buy gold. i shouldn't say impossible, it will be very difficult to convince other endowments to join in the friendly that is bitcoin at this point. yes it, will end in tears.

when does that happen? it happens when it happens. who knows when -- stuart: why must it happen? why must the central banks of this world including the federal reserve, why must they step in to destroy bitcoin. why? >> because they want to continue to have the monopoly on monetary policy it is illogical to think they won't want to do that all institutions fight for their domain. if you have a monopoly, if you're u.s. steel, you fought to have the monopoly on u.s. steel. if you're general motors you one time fought to have the monopoly of general motors. perhaps that tendency will to tears, but believe me the the central banks want to maintain monopoly on monetary policy. bank of canada, bank of england, ecb they all want to continue to hold their monopoly. stuart: thank you for the commentary on the bitcoin. we moved you away to your regular commentary own the market. appreciate your combments on

bitcoins. it will end in tears according to mr. gartman. >> eventually, stuart. merry christmas. stuart: look at the dow. now you're down 350. at 4:00 this morning we were down 700. we opened the market at 9:30 around went to a minus 150, 160. now we're sliding back down again. we're off 360 points on the dow. 29,800. now this. politics. what is joe biden hiding and what is he hiding from? i asked the question because he is still appears to be in hiding. six weeks after the election. his public appearances are extremely rare. he is not making himself available to the media. not at all. strange, since they are so obviously on hisside. last week at a rare press briefing he answered five pre-selected questions and promptly left the stage. one reporter plaintively asked, couldn't he just squeeze in a

few more questions? apparently not. what a contrast with president trump who answered any and all questions right from day one. so what is joe biden hiding? if he doesn't answer questions and rarely even appears there is obviously a strategy to keep him away from prying eyes. of course he doesn't want to address his son hunter's problems, got that. he is being swept into this mess. as his presidency begins he doesn't want to expose a further festering scandal. he stays away from it, understood. there is another problem, when he does appear he makes gaffs. he mispronounces names. he stumbles, even using a teleprompter. he loses his train of thought. not what you want to see from a man turned 78, set to be president of the united states for the next four years. one more thing, where is the energy? it is not there maybe that is why he appears so rarely. for such a limited time. he seems to get tired. so they keep him away from the

cameras and call a lid early. we were promised transparency and openness. we have neither. that must change. if it doesn't, the suspicion will grow that joe biden is not up to the rigors of the job and he is not in charge of his own administration. that is not good. kelly sadler is with us, america first communications director. kelly, look in my opinion, the media has to take him to task on this they have got to make their presence felt but i don't think they will. what say you? >> i don't think they will. that is a very optimistic take. listen, joe biden won the presidency without coming out of his basement. he did periodic events where he gave a speech, left the stage. kamala harris, his vice president never did a press conference during the entire 2020 campaign. the press seem very satisfied by this we saw the hunter biden story. it broke in october and the press, they were proud of themselves for not covering it.

sam stein, who has now been promoted to "politico"'s white house editor tweeted out in october that basically you know, he was so proud of the mainstream media for not covering the hunter biden story by way of which they suppressed russian propaganda and misinformation. we all know that is false now but the media seems satisfied with the biden campaign because they're on the biden campaign and they're for joe biden. stuart: i find this a difficult subject to address because i have great respect for the presidency, i have great respect for joe biden. he is a decent man. that is what i would say. i find it very difficult to describe his physical condition and his mental acuity without showing disrespect. that is where i'm coming from, but i think we have to point this out. it is very worrying for a lot of people. he doesn't appear very often. he does make gaffs. he does stumble. that is not what you want in a man who is 78 years old, just

assuming the presidency. help me out, kelly. i don't want to show any disrespect for the office or the man. >> no, obviously we don't want to show any disrespect for joe biden and or the presidency but he won, right? he had 80 million votes doing what he is done. campaign, transition team doing right thing by limiting his appearance. they know he is gaffe prone. he did one media appearance last week with stephen colbert. it was hour scripted event where colbert asked him about hunter biden, how do you feel about the right-wing media using this as a gill against you. he laughed and said i support my son. that was breaking news. norah o'donnell tweeted it. i did not vote for joe biden and i voted for president trump. i don't expect the media to change. i don't expect the biden team strategy to change either. stuart: kelly, appreciate it. see you soon.

back to your money. down 300 for the dow. bit of a comeback from the minus 700 we saw at 4:00 this morning. a few stock groups i would like to show you. start off with stay-at-home stocks. a mixed bag there. what have we got on this, ashley? ashley: that is the exactly expression i used. we're too much alike. it is like a seesaw with back to normal stocks, stay-at-home stocks going up and down with every positive or negative headline about the virus. without potential for a new strain, stay-at-home stocks generally stronger. we should note it is very much a down day on the dow. could have been worse. down 300 points. zoom video certainly moving higher. peloton moving slightly higher and so is roku as we sit home stream our shows. slack, netflix bucking the trend, moving a little lower. quintessential mixed bag, stuart

varney. stuart: a yo-yo. ashley, thanks a lot. one more look at the markets, please, now we're down 297. a lot of volatility today. keep your eye on the nasdaq. that is way down, one 1/2%, big drop. one very elite, very private school in new york city which charges 54,000 bucks tuition a year, 54 grand. it has released an 8-page anti-racism manifesto. we'll tell you what is in it. hear my take on it too. talking to the owner of kellogg's diner in brooklyn, new york. calling out governor cuomo for dining restrictions crippling restaurants. this lady is fired up, let me tell you. ♪. to all the businesses that helped us make it through 2020...

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no expensive machines, no expensive memberships. go to aerotrainer.com to get yours now. stuart: look at markets on the downside. the s&p, nasdaq, are very close to session lows not much of a comeback for them but not for the dow, not much. intel is the biggest percentage loser of all the dow 30 stocks, down a sharp 4%. nike, going the other way still, a gain there of 5 1/2%. now that is huge gain for the company. susan: one of the drivers for nike and the banks, the dow would be much worse than we've seen right now. fantastic earnings for the swoosh maker. 13 price targets. china one much the main catalyst here, recovery post-covid this,

second largest market off e-commerce doubling as well. jpmorgan, goldman sachs have been cleared by the fed to start buying back their stock, passing the bank stress test. that is why they're helping the dow today, another winner, telehealth and t dock which has been doing well given the covid lockdowns. stuart: susan got that. the ceo of waffle house, speaking out against, what else, indoor dining restrictions. ashley, what is he saying? >> well he says that there have been zero links to coronavirus spread across any of waffle houses 2100 u.s. locations. ceo walter emmer says the science doesn't match up with how state officials are responding. he says by closing dining rooms, restricting restaurants, the american people are just being unnecessarily harmed and people who want to work are being disproportionately hurt. the ceo says over the past nine

months there is zero evidence of any spread being traced back to the restaurants, the workers or the customers. some strong words from the head of waffle house who says, wait a minute, this science doesn't add up to what you're making us do by shutting down dining. stuart: i heard that before and i'm just hearing this, ash, minnesota suspending the liquor license of three restaurants. what did they do? stay open when they're supposed to close? ashley: violating straight restrictions on indoor dining. officials in minnesota notified the three restaurants they now face a 60-day suspension of their liquor licenses. authorities say all three businesses in this case were seen serving customers indoors while other restaurants were enforcing the rules. the state says it has to take a fair and consistent approach to enforcement and restaurants who ignore hose rules must face the consequences. four other establishments by the way already faced similar

suspensions with the threat after full five-year suspension if found in violation again. so as it stands restaurants can only seat customers outdoors, at half capacity. remember this is minnesota in late december. stuart: that puts you out of business because minnesota in december, kind of cold as i recall. anyway. ashley: oh, yes. stuart: thank you, ashley. another new york city restaurant owner really slamming governor cuomo's restaurant restrictions. she is with us and owner of kellogg's diner in the city. i reason, i know you're really, really fired up about this and that is putting it mildly. i know where you're coming from, i know what you're saying. i want to know what action are you taking? >> good morning, stuart. thank you for having me on your show. the action we're taking is, i'm waiting for my lawyer to give me the green light. stuart, this is discrimination to its finest.

they are making me to medical interventions. in my establishment which i'm not medically trained for, therefore, that is illegal. stuart: what, wait a minute. what medical interventions are they required of you? >> so when we have indoor dining they want me to take a temperature check. that is a medical intervention which i'm not trained for and my profession is not obligated to do so. therefore, they don't give us, they don't insure us. we could get sued for malpractice for all these things. second, all these citations, these violations they're putting on people, right? they, they don't have the science or the proof or the evidence to fight their reasons for it. therefore, they can't do that. they're not allowed to, by law, they're not allowed to, in the courts for once have to do their

jobs lawfully. they can't go against the law. they have to follow the law. there needs to be law and order. in everything. stuart: so you consulting with your lawyer. i presume you're going to sue at some point. >> we are suing. stuart: let's suppose you win, you may well win, what happens, what do you want? do you get to epup again? does the government pay you money to make for losses while they shut you down? what do you get if you win? >> i want everything. i want my rights to earn a living back. okay, because they took that away from me. i want them to pay for the emotional distress they put on me, the physical distress, harrassment i have to go through every single day. this is abuse and harrassment in so many ways. they're physically abusing and harassing us.

for something not my fault. stuart: do you propose to sue the state or governor cuomo? >> we are suing governor cuomo, mayor de blasio, the people who took our rights from to earn a living which is our governor and our mayor. they have shut us down, okay? they are doing all these dangerous tactic to destroy the middle class. that is what they're doing. they're diminishing the middle class completely. the middle class, which is the backbone of this city, we pay their salaries. they are where they are because of us. they got to remember that because next election we will never forget. we might forgive because we're good christians, we're good people, okay? we will forgive but we will never forget. stuart: irene, i think you made your case. we appreciate you making it on our program, forcefully. we like your style. >> thank you, stuart. thank you. thank you for having me on.

stuart: you will get through it, you will get through it, you will. >> i have faith, stuart. my faith is stronger than than anything. that is what i to with, my faith and i have four kid. my four children is why i'm doing what i'm doing today. stuart: irene. thanks very much for being with us. we really appreciate it. great lady. thank you. i will move on, some restaurants are teaming up with hotels to offer indoor dining. lauren, how are they doing that? lauren: well you pay for a dinner. usually price fixed. so a little bit more expensive. then you pay a portion of the hotel room rate. so let's say $50. the reason the restaurants and hotels both struggling are teaming up is because as the weather gets colder how are people going to comfortably eat indoors? they're using empty hotel rooms as private dining rooms if you will. it is expensive but they say it is justified, people need a

special event, something to look forward too. and look we actually drove last week, i was off, we drop to florida and back. on the drive back, stuart, as it got colder and colder as we were driving, our options to eat anywhere were so limited i said, wow, what are all these northeastern states going to do as it gets even colder when we were able to eat anywhere down south? it was a contrast. stuart: it is like day and night. we said this before. it is day and night. the south, florida in particular, completely different from the atmosphere in new york as we just heard from irene sidrakis. great lady. lauren, interesting trip you took. we'll talk about it some time. good stuff. wish i had been with you. governor of new york, cuomo, says he wants to attend the buffalo bills play-off game. hold on. the doors are closed to the fans all season. will he open them to watch his team? good story. we're on it. air travel taking a huge hit

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stuart: heading south again. a new low for the day for the nasdaq down 205 points, the s&p down 65, and the dow turned sharply lower, we're down 367, about one 1/4%. moderna in the news because their vaccines are being distributed today. it is easy to distribute them. they're refrigerated temperature. the stock is up 3.3%. the trucks are rolling and so is moderna's stock. other vaccine makers, we've got reports that vaccines should be able to protect effectively against the new strain of the virus that hit the brits. they're supposed to be able to adjust the vaccines. let's see. vaccine makers though are down, mostly this morning. travel booking sites they're getting hit because the new strain hit travel in britain, around britain and the more

restrictions are likely, so down go the travel stocks. the news also hitting hotels, even though the new stimulus aid package which is probably going to be voted on, yes, today, that gives them some help but the hotels, all of them on the downside. how about the airlines? they also get help from the government as of today's likely vote but they're all on the downside. what i i want to know, how many people are iing into these days? do we have the new tsa numbers lauren? lauren: we sure do. another one plus million yesterday. so 3.2 million flying between friday, saturday and sunday, three consecutive days of at least a million travelers passing through the tsa checkpoints. we haven't seen that since before the pandemic, but even with the surge that comes despite the travel warnings, the numbers are a third of what they were in 2019. so not just fewer people in the skies. also on the roads.

the latest numbers from the transportation department on how much we're driving, 25 billion fewer miles. that is about 9% less than last year. so people are, for the most part, kind of staying grounded. stuart: my driving is down by a quarter. my spending on gasoline is down by about a half. gas is cheaper. lauren: i know. stuart: i didn't take a trip to florida. i didn't drive there and back. that might have made a difference. lauren: i wouldn't recommend it. stuart: you wouldn't. did you take the kids by the way? lauren: we did. we did. we basically stalked the weather. thursday evening we booked something. friday i left after work. spontaneous in the end but i wouldn't do it again. stuart: good for you. you can see rvs, lots of them. they have done very well in this pandemic. michael cordell is in nashville,

tennessee, can you tell me which rv brands are selling the best. reporter: absolutely, stuart. let me give you record breaking hard numbers, go rving.com, they released the number, rv sales are up 150% year-over-year since the start of the pandemic. rental sales are more than one this percent up. why? because people want to get away with the pandemic. you asked what are they driving what are they getting in, starting over my shoulder this, is a travel trailer. these travel trailers start $18,000 for a consumer. they drive in and pull it away. this is the jayco jayhawk. this is class-c. this is small, compact, allows you to get in and out of campsites like koa. this is for you, stuart. this is the jayco motor home. this is diesel pusher.

why are people wanting to do this? they want to get away. the pandemic forced people to stay home but they can get out into campsites. one thing people are doing if they don't want to actually buy these, there are rv share, where you can actually go on like airbnb, you can rent an rv for a weekend. i love what they're doing in the industry. they make it easy for consumers to get into the rv world. stuart: they are pandemic winners. michael, appreciate it. good report here. look who is here now. michael happy, ceo of winnebago industries. michael, of lots and lots of questions. let's go through them fast. how much are sales up last quarter compared to one year ago? >> yeah, good morning stuart. thanks for having us. we just reported first quarter sales last friday and our revenues were up 35% versus a year ago. and more importantly retail continues to be very positive in the market. stuart: what is your best-selling model at winnebago?

>> our best-selling model is underneath our grand design brand called the imagine travel trailer. as you guys were just discussing it's a unit you can attach to a pickup truck or a suv and really go anywhere with it. it's a great product for the family. stuart: how much is the imagine line, where does that start, how much? >> yeah it can really vary. probably anywhere from you know, 30, 35 thou dollars all the way up to maybe $50,000 plus but lots of people choose to take advantage of retail financing and chop that price into a affordable monthly payments. stuart: obviously got very strong demand, i can see that. are there any delays in any of the models? >> you know our manufacturing operations are running very well. certainly the supply chain has been challenged a bit over the last six months with all the demand that you just referenced but our teams are doing a great job working with our supplier

partners, trying to make sure the components get to our lines in a timely manner. so we're pleased that the revenue output for our company continues to be very robust. stuart: michael, great to see any company doing well in these difficult times. congratulations but can you tell me which state is your best state for winnebago sales? >> as you would probably expect, stuart, the states where the sun shines pretty regularly is where we do awfully well. so florida, texas, certainly california, arizona, all of those states sell a tremendous amount of rvs but we sell a lot of rvs north of the mason-dixon line as well. as you know a lot of snowbirds enjoy the rv life stifle in the summertime and warm weather states as snowbirds in the win ir. stuart: last one, fast, any plans for winnebago to go electric? >> stuart we already have a all electric class a specialty week

on the market you can buy. we use it for mobile medical purposes for some of our customers. stuart: how many have you sold? >> we're still in the low, low digits on that particular platform. it is for specialty vehicle applications. we do see technology converging though stuart. our r&d teams are hard at work to make sure consumers have alternate power solutions for recreational vehicles in the future. stuart: congratulations michael happe at winnebago. we love to have winners on the program and you're one of them. >> thank you, stuart. stuart: how about this one, chicago drivers are about to be hit with a third gas tax hike in 18 months. that's chicago. ouch. turks and caicos had best year ever in 2019 but 2020 is a bust. we're talking to the ocean club ceo after this.

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stuart: it is a sea of red still on wall street. the big deal here is this new strain of the virus that occurred, which is evident in britain. it forced a total lockdown of london and surrounding counties. a real restriction of travel in and out of britain. fear that comes here, down goes stocks. the price of oil this morning, where are we? we closed last week at 47. we're at 47.20 today but i see the national average of price of gasoline that is going up ever so gradually. the national average is 2.22. we still have the cheapest gas in america in mississippi at a buck 89. that is the average there. still the most expensive is california where the average is

$3.20 a gallon. there you go. almost on the screen. chicago is looking to make you pay more at the pump again. grady trimble is there tell me about the latest gas tax hike. reporter: it is a nice christmas present from the city of chicago, stu. january 1st chicagoans pay extra $3 a gallon at pump. 3 cents i should say. illinois has one of the highest gas taxes in the country. california at 3.20 here. in this gas station we are at 3.19 this morning. for chicago drivers this is the third time the gas tax has gone up in 18 months. the latest gas increase will generate $10 million in revenue. property taxes also expected to go up as the city tries to fill a $1.2 billion hole in its budget. i want to show you numbers from the illinois policy institute. this shows you how high the gas tax will be in the city of

chicago. so if you take a gallon, about 2.53 per gallon. they did some number crunching. what they found you will pay 91 cents for that gallon of gas. that means a third of the bill for your gas is actually in taxes when you add up all of the federal, state, county and city fees to that. by the way, we are not too far in chicago from indiana and wisconsin. drivers might be tempted, stu, just to go over the border and buy their gas there. who knows with how high taxes are getting in the city they might end up staying. stuart: exactly. ain't that the nature of the problem, grady trimble? thanks, grady. tesla is now on the s&p 500 index. how is it -- look like it is down. susan: it was down as much as 6%. look, it is typical for the underperformance once a stock gets added to the s&p 500. that is because most of the action and buying took place on friday when you saw a $150 billion worth of tesla stock exchanging hands.

that is four times more than the daily average of volume of tesla itself. other stocks usually trade at $5 billion. that shows you interest going into tesla each and every day. tesla is now bigger individually than the entire s&p 500 energy index. can you believe that. stuart: good lord. susan: entire energy index. that includes some oil majors that we talk about. i wonder when you would ever touch tesla as an investment? i feel people, more aftra additional investor want to stay as far away from tesla. it is still seen as a speculative stock. after 700% rally this year, people say it is here forever. stuart: really depends a lot on your age. at my age i'm not taking some new brand new stock which i'm not sure i truly understand which is already gone to the moon, six or 700% higher. i'm not likely to take the risk of buying now. susan: don't you feel people have been bearish on tesla so long. they have obviously missed a

700% rally this year? those shorting the stock have had a painful trade. stuart: you're wronger, would you consider, if you have investment capital, a chunk placing in tesla? susan: absolutely i would put it in tesla. stuart: at 661? susan: yes. some people say it is going to 1000. goldman sachs says it will be 780. this will be leader on electric. stuart: we'll check later if you bought any. two months away from the super bowl, the first one since the pandemic. it will look really different this year. we'll tell you about that. the other side of the coin, sports betting a pandemic winner. it needs legalization in far more states to really make serious money. we'll be talking to one of fan duals first investors. that's next. ♪

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wannit's timeight and for aerotrainer. a more effective total body fitness solution. (announcer) aerotrainer's ergodynamic design and four patented air chambers create maximum muscle activation for better results in less time. it allows for over 20 exercises. do the aerotrainer super crunch, push ups, aero squat. it inflates in 30 seconds. aerotrainer is tested to support over 500 pounds. lose weight, look great, and be healthy. go to aerotrainer.com. that's a-e-r-o trainer.com. stuart: if you're just joining us the market has been open for one hour and 20 minutes and it's a sea of red. coming back for a little for the dow. we're down 1% there, big drop on the s&p and nasdaq. 1.6% down for each of them. major league baseball, ouch. players getting paid a whole lot

less this year. how much were payrolls down, ash? ashley: well they played a whole lot less but it was down overall 2 1/2 billion dollars in the 2019 season. payroll average right around 4.22 billion. it would have been higher this season but let's not forget the schedule was reduced from 162 to just 60 games. so the payroll came in at 1.75 billion, hence a drop of 2 1/2 billion. not only that, but signing bonuses, earned bonuses from performance on field prorated to average worked out of 60 divided by 162. so there is lot, lot less paid out by clubs in salaries and bonuses. also the luxury tax was suspended pour this season. on one sense you had no fans in the stands or very few fans. that hurt the clubs. at the same time the amount of

money given to players is down considerably a very much shortened season, stu. stuart: it was very much shortened season. i can't remember who won the world series. ashley: the dodgers. stuart: thank you, ashley. he is our sports guy. he knows everything. could get a real bargain. companies bargain on ad space in this year's super bowl. how much of a bargain, lauren? lauren: well they can't sell all the spots. they're charging pre-pandemic about five 1/2 million dollars for 30 seconds of tv time. that is basically what fox charged last year but everything else is completely different. we don't even have a guarranty that the super bowl can actual happen on february 7th, 2021. if the players get sick. so now with cbs, they're broadcasting it. they're shopping around and ad package f you're a marketer you could have the ads seen on another platform in addition to the super bowl. stuart, that doesn't work, they might drop the price big time at

the last minute. and one more thing, because everything else is totally different in 2020 and in early part of next year too, what about the crowd? so raymond james stadium where it is being held in tampa, they can hold 65,000 fans normally. what will they limit capacity to? each team gets fewer tickets. you're not going to see executives there like you used to. there will not be big events and parties. it will be a completely different super bowl. stuart: yes, certainly is. everything else is different. why not the super bowl too. that is the way it is. lauren, thank you. now sports betting, let's talk that. i will put some big names in sports betting up on the screen for you and bring in paul martin know. paul was the first u.s. investor in fanduel. paul, welcome back. >> thank you, stuart. stuart: i'm trying to figure out the future of the sports betting business. i'm told that you might get four more states legalizing sports betting in 2021.

i'm also told that maybe sports will make a comeback in the summer or the fall of 2021. is that what you're looking to see more business for sports betting coming from? >> yeah. i'm actually slightly more bullish than those projections. right now we're at 20 of the 50 plus one state d.c. we're at 20 of 51. six new states passed it in 2020. there are as many as 11 that might pass it in 2021. would i bet we get a good six or seven more just like we have right now, maybe bringing us to as many as 33 by the end of next year. it is not just legalization. they have to actually roll it out. once you get a framework in place, will be online, venue only? legalization is only one piece of the puzzle. stuart: do you care about the return of sports, maybe the return of crowds? does that count in your calculations? >> it turns out right now that the crowds in the stands are not

your frequent sports betters. a lot of tests have been done actually at the venues where sports betting is legal on the phone asking do you want to place a bet. turns out when you're there at the venue you're -- [inaudible]. you're not placing a bet. it is in around areas, the sports bar nearby. stuart: yeah. >> or in your house, those are the places actually placing a the about. so it does not look like wager volume is significantly impacted by the ability of fans to be in the stands because in the stands betting is not a behavior we see a lot of. stuart: if you get the kind of expansion you're talking about, maybe up to 30, 33 states next year legalizing it, i would expect to see some consolidation of sportses betting, big guys take over small guys. would you expect the same? >> i don't think it would happen yet because the way it is

regionally separated. like the way the newspapers were in the past. it is geographic separation. small regional casinos in pennsylvania and new jersey, they will operate on their own. they don't need -- [inaudible]. stuart: we got a freeze frame right there. we just ran out of time. paul i know you can hear me. we just run out of time. your face was frozen right there but we got the message. it was food. thanks for joining us, sir. come back soon, okay? good stuff. still ahead on this fine program today stephen moore, ed rensi plus we're going to bring you the news about a private school in new york city released an eight-page anti-racist manifesto. you got "my take" on that coming up. man, is this causing waves. we'll be right back. ♪

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>> the politicians just couldn't go back home for their holiday vacations without leaving some support for people who desperately need it. it helps. it's not going to f anything, it's -- to fix anything, it's just going to moderate the pain. anything that keeps us from falling into recession is good for the market. >> i don't think that the central banks are going to give up the 40 knoply -- monopoly on policy. >> there's no evidence that this is resistant to our vaccines,

there's no evidence it's resistant to our treatment. there's no evidence this thing is 70% more transmissable. >> should you be worried? sure. science will beat this thing, it's just a matter of when. ♪ ♪ i played my best for him -- stuart: oh. the producers did that to me deliberately. if there's one christmas music theme that i'm not terribly keen on, it's the drummer boy. [laughter] and there we have justin bieber's version -- >> not terribly keen? stuart: not at all, no. >> i love the drummer boy. new version. stuart: are we going to differ on that as well? i guess we are, all right. it's 11:01 here in new york city, this is the shortest day of the year. this is when the sun, if it shines at all, shines least of all of any day in 365.

got that? markets selling off, down 250 on the dow industrials, back to 29,9 and look at the nasdaq, down 1.5%, consideran even bigger loss for the s&p which is down 1.55%. i'm going to show you times square. why not in they're putting the new numerals for 2021 have just arrived, they are 7 feet tall. they're made up of hundreds of lightbulbs x that is the biggest crowd i've seen in times square for nine months, and they're just there to see the new numerals. can you sea that, susan? >> right. i think there's a car display talking plus. stuart: i think so. there's a commercial going on, i do believe. all right, everyone, now this. i'm going to put a few bullet points on the screen for you. these are just some of the demands from the teachers at one of the most expensive private schools in the country. as is so often the case these days, it's all about race.

all staff must sign an anti-racist statement. courses must reflect black liberation and white sprm city. the -- spectrum su. the school must pay the student debt of any black teach or hired. the schools must hire 12 diversity officers to support black students coping with race-based traumatic stress. the school must assign staff the dedicated to help black students who face disciplinary action. high-level act denial you can courses -- academic courses will be awished if black students -- abolished if black students don't match white students' performance. that's just part of it, new york's dalton school. you may have hard of this. it's extremely expensive. $54,180 per-student, per-year. this is where the coastal elite ares meet the race-based real ry

of liberal society. actually, it's happening all over, especially in schools and colleges. it's the separating out of black students. the focus is on skin color, on the group, not the individual student. the end point is politically correct education for what it is worth. what are the teachers up to? many schools are closed, virtual education is a bust, minority kids are being left behind, yet parents have to confront a form of educational apartheid. racial s&p rawtion. expect if -- separation. and the dalton school, some parents are taking their churn out. one father told "the new york post," quote: the school has totally failed in its mission to uplift the people it professes to help. he says it's all about skin color now. what a shame. terrible stuff. the thursday hour of "varney" rolls on. ♪ ♪

stuart: a stimulus deal does look imminent, and susan is here to tell us. >> treasury secretary mnuchin saying this could get the checks in the hands of americans by next week. $600 checks to americans making $75,000 or less, $1200 to couples who make up to 150,000. $300 in extra weekly unemployment benefits. extension of the small business loan, the ppp program, airlines getting $15 billion, performance venues getting $15 billion in grants, tax credits for growth that will be are extended and the planned hikes and taxes for alcohol, beer and wine makers, put on hold. that was supposed to go into effect on january 1st. and i know you like this one, full writeoff on business meals, a free mar funny lunch is off when it comes to taxes -- stuart: i hate that expression, the three hard tinny -- martini

lunch. anytime i've been out for lunch in new york city in the last ten years, you never see people drink. you can't drink like a fish and then go back to the office -- >> i lived in london at the palm and i refused a mar funny at lunch, they said oh, you're so american. of course, i was pressured into it. stuart: people of the united states don't drink at lunchtime, certainly not in new york city. stephen moore is with us. are you there, stephen? when was the last time you went out for a three martini lunch? i bet you never have for years. >> yeah. you know the old tv show mad men, it was set in the 1960s where people had two and three martini lunches. those days are gone, stuart. it's been forever when somebody ordered a martini. >> the most i've ever seen anybody order was a white wine spritzer, and that was just one of them. that's a lot. let's get serious. the stimulus aid package, is it

enough, do you think, or too much? >> oh, too much, way too much. you know, now we're up to $2.5 trillion in spending for the year on coronavirus. that's a lot of money, $2.5 trillion. with that amount of money, we could is have completely suspended the payroll tax for the whole year for every worker and business in america just to put this in perspective. what's really interesting about those negotiations and what democrats said when they finally reached this deal is they're going to come back, stuart, you heard it first on the "varney" show, on january 21st they're going to come back with another trillion dollar stimulus bill -- stuart: for sure. and that one will attempt to bail out these badly-run states, new jersey, new york, california. that's what they want more than anything else in the world. that's what they want. >> i totally agree with you. you know, one of the statements that chuck schumer made last night, the democratic minority leader in the senate, said better late than never. and he said, well, if it were --

republicans would prefer that it were never. i kind of hoped that. here's the interesting point, they could have had this deal much bigger. remember in october the trump administration said we'll do a $1.5 trillion plus deal, expect democrats rejected it. you know why they rejected it, stuart? stuart: because they didn't want to help president trump. >> well, a, they didn't want to help president trump, yes, and b, because that plan did not have the blue state ballout. it's the thing that democrats care most about, helping out blue states and blue cities. i've said it before, i'm going to say it again because it's the most important thing economically in this country right now as we speak, florida is open, texas is open, tennessee is open, utah is open, nebraska's open, iowa's open. what's not open? new york, new jersey, connecticut, california. there are two countries right now, half of it's open, half of it's closed, and the states that are open are not going to have to pay bailouts to the states

that are closed. it makes no sense. stuart if these badly-run democrat states don't get some kind of ballout, what do you think -- bailout, what do you think happens in california, new york, what happens? >> well, republicans stuck to a very strong principle which is it is not the responsibility of the federal government and the people living in texas and tennessee and georgia to bail out the people in new york and california. there's an old i saying if you make your with bed, you lie in it it. democrats have shut down the restaurants, their schools, they've shut down their bars. you know, and by the way -- [inaudible conversations] stuart: wait a second. steve, if they don't get the money, if they don't get that bailout money, for whatever reason, those states are toes. they are in chronic recession, right? >> they're going to have to deal with this crisis, there's no question about it. they're going to have to borrow more money, they're going to have to start slashing some of their spending. by the way, you know this statistic, i've heard you say it many times, stuart, but it bears

repeating. texas and florida have the same population roughly, florida's a little bit bigger now, and yet texas spends -- i'm sorry, florida spends one-half as much as new york does on city and state services. and yet -- i've been to both states, stuart. the schools, the police, the fire services, the parks, every -- all the public services are better in florida, and i think spend half as much money. stuart: yeah, go figure. steve, i wish we had more time for this, because i've got a bee in my bonnet about wailing -- bailing out badly-run states. merry christmas to you, lad. >> take care. stuart: take another look at the markets, please are. the dow has come down a butt. not so the nasdaq or the s&p, still way down. jason katz with us this monday morning. we've got all this good news that i can see, a stimulus package, the moderna vaccine is getting out there, maybe another

one coming in january from j&j, and yet because of this new strain that the brits are encountering, we're straight down. what do you make of this new strain and its effect on us? >> so this is an odd monday. we have the juxtaposition, stuart, of, of course, this $900 billion stimulus that the market was in dire need of versus this new strain. so the new strain translates into analysts having to are recalibrate their earningsings models. earnings models. i don't know if everyone counted on this renewed surgery or concern about lockdowns. but, frankly, what i think it really is, is an excuse or catalyst, if you will, for the first pause that we've had in some time. stuart: i'm just looking at -- i don't mean to duh depress here, but i'm -- digress here, but i see goldman sachs up 6.6% and the other -- jpmorgan is up 3.8%. i know you don't comment on

individual stocks, but those are the financials x they're doing extremely well. can you until me why they're doing so well today? >> i'm glad you brought that up. on friday the fed gave the green light for the banks to start buying back shares. jpmorgan announced a $30 billion buyback in q1 alone. so, you know, we are very constructive on the market in spite of this new strain, in spite of some of the giddiness and euphoria we're seeing in the i if po/pac market -- ipo/spac market, all the talk about bitcoin, and that's because we are swimming in liquidity. stephen moore just, you know, alluded to it before. last year, 2020, we printed more dollars, 20% of all dollars printed were printed last year. there's $18 trillion of negative debt floating around the world. where is money going to go? it's going to go into the reopening trades, cyclicals and financials. stuart: i'll say it again, you

would not be surprised to see the dow close this day on the upside. i'm not asking for a production from you, jason, i'm just thankful you're on the show. jason katz, everyone, he's all right. [laughter] thank you, sir. >> thanks, stuart. stuart: travel bans around the world, canada the latest country to ban travel from the u.k. over concerns about that new strain of the virus. obvious question, will it come to america next? public schools in san francisco, they'll be remaining closed all through january. what are these democrat states doing to our public education systems in america? i'll ask the question. new york's governor cuomo says he wants to go to a buffalo bills football game. is he going to pay for that? nobody else is. ♪ oh, yeah, you really got me now, you got me so i can't sleep at me. ♪ you really got me, you really got me ♪ it's been a tough year.

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>> i want to attend a bills game. i've attended them in the past. it was a great game yesterday, by the way. that was just unbelievable. i mean, really incredible. stuart: yeah, it was pretty good. that was new york governor cuomo, he says he wants to be at the buffalo bills playoff game next month depending on virus levels. this comes as new york city considers a new lockdown right after christmas. ed renzi 's back with us. i know he's got something to say ab this. how is it okay to have fans at a football game, but indoor dining is, oh, too dangerous. >> well, it's really illustrating the hypocrisy of so many of these governors and state officials and even the

federal officials. you look at what happened in california where they run off to the french laundry to have a nice dinner and telling everybody you can't go eat in a restaurant. it's hypocrisy. and it doesn't fit the science either. you know, the vast number of infections are not happening at restaurants at all. you look at the people who are becoming ill, it's mostly senior citizens, and we we need to do everything we can to protect them. we ought to counsel them and coach them. but there's no reason why young people can't go to restaurants and people that are in good health. the way we're persecuting restaurant owners is just tragic. and the hypocrisy shows itself every day on television when you have people like cuomo talking about, jeez, i want to go to a football game. every adult in america that has children in school would like to go to their kid's high school basketball game. it's just nonsense. stuart: now, congress is likely, very likely to pass this $900 billion stimulus are plan today or covid aid plan, i should saw.

will it do enough for the restaurants? >> absolutely not. it's too little, too late. it's not focused on the most important issues. if you want to do something for the restaurant industry, op up the dining rooms -- open up the dining rooms. we can social distance. with know how to sanitize. we know how to keep people safe and happy. we deal with food poisoning issues ever day of the week. we have to be vigilant. and to say you can't go into restaurants and eat makes the economic issues even more profound. you give somebody $600, it doesn't do a damn thing -- [laughter] for their income tax. excuse me a minute -- [laughter] stuart: that's okay. >> ronald mcdonald calling me, i'm sorry. [laughter] stuart: well, you used to run mcdonald, so that's entirely legitimate, i've got to say. last one. you know, ed, i was brought up as a young man in england, i was brought up on spam. i'm sure you remember spam.

>> very well. stuart: did you know that there's a spam burger topped with orr owe cookie crumbles -- orr owe cookie -- or owe cookie crumbles on your screen only available in china at mcdonald's? what do you say to that? >> i went on a pheasant hunt in great britain and had a spam sandwich back in the day. i put spam and mcdonald's for breakfast in hawaii because it's a staple there. putting spam into a sandwich not that ab surld. if week want to -- if people want to eat it, great. it's a little bizarre to take a great dish like an oreo cookie and spam, put them together, it is a little too weird for me. we're all talking about, i for one will not eat it at any cost. stuart: exactly. it's a good commercial, isn't it? 'd renzi, you're already, and i want to wish you a very merry christmas, sir. >> a great christmas to you too

as well. stuart: see you soon. >> did you notice that was a landline that rung? i haven't heard a land lauren are ring in years. stu stuart how'd you i do know? >> it usually rings like that, ring -- [laughter] stuart: can't you get that kind of a ring on an iphone if you want to? >> it's not one of the typical rings that you can get on your iphone. that was fascinating. stuart: let's get serious -- [laughter] the market is down. there must be some pretty big movers. >> yeah. kind of like that spam sand butch, salty and sweet taunt. wynn resorts, mgm, let's throw in some of these travel names, concerns over this new virus variant that's now being introduced in the u.k. and with potential lockdowns and travel being restricted, these stocks are also getting hurt as well. tech names, think of apple, closing around 100 stores in the u.s -- around the world, part of he me, and that includes

california, tennessee, london, half a dozen stores in the netherlands and elsewhere. and also facebook, we're looking at a bit of a selloff, profit taking as i call it in some of these mega cap names because you don't know what's going to happen especially in a holiday-shortened week like this week. stuart: have you ever eaten a single mouthful of spam? >> no. because it always goes through my head what's in it and how it's made. that image -- stuart: i'm going to bring some in, you can have it for christmas. >> no thank you. stuart: show me walmart, please. i'm interested in this. now making it easier to make returns. all right, lauren, you don't even have to leave your home in. >> no. so you order an item online, and then you initiate the return online. you schedule the date you want fedex to pick it up at your home, and you have to print the label. so there is something you actually have to do.

but walmart and fedex will pick up your item for free, and this is a service that's available during the holidays but after as well. it's because online sales are booming at walmart, and amazon does offer a similar service, so they are competing with other players, and they're making it really easy to buy and return when you shop there. stuart: direct competition with amazon. i mean, if you can do that, you make it easy to send the stuff back, i mean, that's a big deal. >> and it has to cost walmart something. i actually asked this many. it's free for me, thank you, but what are you with paying fedex? of course, they won't give that information. [laughter] you know, this is going to be a hit to their bottom line. stuart: yes, but it might increase the volume of their deliveries. >> very true. stuart: uh-oh, i see on my prompter here prince harry and meghan markle will make millions off their new netflix and podcast -- okay, i got that. here's the question: could thattened up costing this

manying something that is priceless? that's a good story. we're going to do it. teachers at an exclusive, i mean, very exclusive private school, have released an 8-page anti-racism manifesto. i say this is just politically correct nonsense that is really hurting minority students. that's my position. we'll get other opinions on it too. more "varney" after this. ♪ ♪ hi, this is margaret your dell technologies advisor to listen, is to hear more than what's being said... and offer the answers that make someone feel truly heard. i understand, let's get started call a dell technologies advisor today.

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♪ stuart: still on the downside by coming back a bit, down 190 on the dow as opposed to 700 at 4:00 this morning. now this. teacher at a private school in new york city have issued 8-page anti-racism manifesto. dalton school, new york, all staff must sign an anti-racism statement, courses must reflect black liberation and white supremacy, and the school must pay the student debt of i any black teacher hired. that's just some of the points. it goes on and on and on. nome hu schaefer riley is with

us, resident fellow at the american enterprise institute, and naomi has written extensively on education. what do you make of this anti-racism manifesto? >> hi, stuart. i think this manifesto really represents the putting together of two very harmful strands in our education world right now. the first is, obviously, the wokism that has become so prevalent everywhere, but the second is the dumbing down of standards. one with of the demands is the elimination of ap and other advanced classes if black students don't perform as well as white students. and i think what people fail to understand is that, you know, this is part of the agenda anyway. of so basically wokism is being used in part as an excuse to lower the standards even at the highest level of school. stuart: and it brings it all down, it's education, an approach based on your skin color. it's looking at people as a group not as an individual. i'm appalled. >> i think you should be.

i think we all should be. and it looks like the parents are pretty appalled too. the parents who are interviewed for the new york post, of course, wouldn't give their names because they didn't want to be labeled as a racist which, obvious, is what happens when you oppose if aunt-racism. -- anti-racism. it's not clear where they're going to be able to go because this has infected private schools all over the country. i wrote a piece about pulling my own children out of a local private school because it had been infected with a similar kind of wokism. they had people come speak about bail reform to sixth and seventh graders. so i think upper class parents are going to find a way to make sure that their kids get what they need out of education, but as you said, the kids who are going to be most harmed are kids who are at the lower end of the economic and academic spectrum who are just going to be, you know, fed nonsense instead of a real education.

stuart: naomi, in fairness, i'm going to read this statement from the dalton school to the new york post. here it goes. they say the document, the 8-page manifesto, is, quote, a set of thought-starters created by a group of faculty and staff responding to daltons' commitment to becoming an anti-racist institution. the school does not support all the language or actions it contains, okay? so we've had your commentary, we've had the dalton school response. i'm going to move on from there. >> well, just let me say -- stuart: yes, please. >> -- which of the proposals do they not support? that's what they won't say. it's an interesting statement, but it doesn't actually reveal anything. stuart: that's very good. i'd forgotten that. thanks very much, indeed. now then, let's look at san francisco. they've just announced that public schools will not reopen in january. in other words, they're closed til at least february. my -- let me give you my opinion here. i say that the teachers' unions have ruined our nation's public

education system. maybe i'm going too far. what say you? >> well, you won't get any argument from me on that. i mean, i think that the biggest scandal of this year has been the closure of public schools all over this country, and there is no question that the kids who are most harmed are the kids who do not have the money to leave and who don't have the resources for their parents to teach them. it is absolutely outrageous. and, frankly, if there were ever a time where the leaders of these cities -- even though they're democrats who seem put outraged -- for them to just tell the teachers, fine, strike if you want to, you know, we will bring in scabs because, frankly, you're not doing anything anyway. the kids are at home. i don't even know what leverage the teachers unions have except, obvious, that they give a ton of money to the democratic party and the democratic party, of course, has the leaders who are running these cities. i think there's going to be some real accountability happening the next time the leaders of d.c., san francisco and new york city are up for re-election, because parents are not going to put up with this much longer. stuart: the too much ors union

runs -- teachers union runs the vote in so many municipal elections. it's an uphill struggle. of naomi, come back soon, please. you speak the voice of reason in education. we love it. >> thank you. stuart: thank you. cvs, they're everywhere in florida, they're going to start vaccinating people this week, i understand. all right. okay, lauren, do you know who will be first? >> i sure do. those who live at long-term health facilities in a dozen states, so connecticut, florida, new york, ohio and others, will be vaccinated this year by cvs health professionals, and then next week long-term health fundamental residents, patients in three dozen additional states. so we're talking about 4 million people getting the vaccination over the next three months. so this is good news. it's a partnership between the private sector and the federal government to get people vaccinated and eventually anybody can walk into a cvs with

an appointment and get a vaccination. stuart: with all these vaccines coming on the market, two now, one more probably coming as of january, early february, we should get those vaccinations out very fast, it looks to me. lauren, thank you very much, indeed. now let's come back to susan. we've got work from home stocks. i would expect them to -- yeah, there's roku. they're awe going up, aren't they? >> well, streaming in particular and roku in particular since they did sign on to hbo max and, don't forget, this week we're going to get wonder woman, the i sequel. row cue the last one to sign on hbo max and 48 million hours of streaming during the covid lockdown, a season of higher cases and possibly more closures, right? i would say that roku -- stuart: well, it's that new strain. if that comes over here, probably are more lockdowns, more restrictions on travel, so stay at home stocks --

>> moderna as well, the vaccine maker. so i wanted to throw that in before you interrupted me -- stuart: sorry. laugh. >> up 2%. okay, you can go now. stuart: i'm terrible. i was just adjusting my mic. all right, thank you, susan. more than one million people passed through tsa checkpoints sunday despite warnings not to travel for the holidays. do you think that maybe is a sign of christmas revolt? we'll certain arely -- certainly discuss it. london locking down, people in the u.k. are racing to get out as borders start to close. live report from london coming up for you. ♪ ♪ sons and daughters to the underworld -- ♪ come out of the cupboards -- to all the businesses that helped us

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stuart: london locking down again as a new, more contagious variant of the virus spreads rapidly. greg palkot live from london. is it chaos over there, greg? >> reporter: somewhat, stu. you know this country, so keep calm and carry on, but it's difficult. we should be hearing from prime minister boris johnson shortly. he should give a little bit more clarity, but over the weekend his government broke the news that a new mutant strain of the coronavirus has been detected in london, south aaron england responsible for maybe, they say, as many as 60% of new cases and, alarmingly they say, it is 70% more contagious than the old strain of covid. so they issued a real stiff lockdown on london and a ban on foreign travel, and that triggered all sorts of runs on the airports and the train stations here over the weekend. but now other countries are getting involved, over 40 countries now banning u.k. citizens from coming to their

countries including countries in europe, canada, india, russia. and alarmingly today, stuart, we're seeing huge backups of trucks at the ports around the u.k. france now basically disrupting all cargo traffic between france and the u.k., basically between europe and the u.k. thousands of trucks are backed up. supermarkets are warning about shortages. they're looking to try to fix that really soon. scientists here say, stuart, that the new variant is possibly a little bit more dangerous, but they're not sure. they hope that the current vaccines out there can deal with it, but they're not sure about that either, that's why they're studying it very closely. finally, stu, what does this mean for the united states? there have been restrictions on british citizens traveling to the u.s., but there are calls for a blanket ban on any kind of travel, stopping all those flights coming from the u.k. to

the u.s., and that hasn't happened yet. the u.s. is looking hard at this as well. so far they're not overly concerned, but they're is studying this new variant amid reports that this new strain is not only appear in the u.k., but elsewhere in europe and maybe even in the united states. 9 another worry, stu. back to you. stuart: it might be here already, we just don't know. greg, thank you, good stuff. >> reporter: thank you. stuart: let's get more on the governor of new york who has, indeed, weighed in on travel from london or broun to america. what's he saying, ash? >> well, the governor says, stu, it's up to the federal government to impose a covid test at the minimum, he says, or even outright ban flights coming in to jfk from the u.k. he says the fact that that hasn't happened yet is rep rehence bl and grossly negligence. cuomo says the new virus variant, if you like, is already on a plane are headed to jfk, of

that he says there is no doubt. and also this is only a working assumption that the vaccines would be effective against the mutated virus. we'll have to wait and see. nobody really knows. the governor says six flights a day from the u.k. coming to new york, and all it takes is one person. i think there's more than six. i think if you looked at all the carriers, it's maybe into double digits, those that originate in heathrow e and come in to jfk. either way, no action taken yet but it could be soon. stuart: i agree with you, no action taken yet, but it could be soon. i say that again in my ear? who just did that? governor cuomo has just called, again literally moments ago, called again for an outright ban on flights from britain. from the u.k. to the united states. ban those flights now, is what the governor of new york is saying. okay, or got that. all right. [laughter] prince harry and meghan markle in the news, some backlash

against. this many for signing netflix -- against them for signing netflix and podcast deals. >> should harry and meghan be profiting off their hrh titles. they have agreed to stop using his or her royal highness titles, but critics say that's what they're profiting off of. most of their fame and notoriety largely comes from being part of the royalty -- stuart: largely? total. >> that's what spotify and netflix are paying up for. the deal says they're producing content for connection and promoting climate change, but there's growing debate over the outright stripping of these hrh titles -- >> stuart: take it off 'em. >> the daily telegraph is calling this cringe for harry and meghan. stuart: they're right. absolutely right. >> have you ever seen as commercial as the world has become like harry and meghan? stuart: no royal has ever been as commercial as that, and that is absolutely cashing in on rule

few. a member of the royal family, you don't about do that. >> right. stuart: it brings the whole concept of monarchy into disrepute. prince harry appears to have -- >> do you think they should be kicked out of the royal family and never return? stuart: out. you're out of the family are, you don't get the title. no more hrh period. forever. >> i don't think those in the flicks or potfy deals would disappear. stuart: that's not the point. just get the time off them, they don't deserve it. several caribbean islands are now open for buzz. uphill battle to convince vacationers to leave the country. what's the plan over there? we're going live to turks and caicos next. ♪ ♪ it makes me feel -- ♪ ♪ ♪

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contagious strain of the virus spread throughout london. nighttime there already. something plotly different now -- completely different now, the caribbean, turks and caicos, they reopened for business in july, but are people coming back? that's a lovely resort right there. of wilbur mason is the managing direct or at ocean club resorts, what we showed you just moments ago. wilbur, you opened up again in july. did people come in any numbers to your resort? >> thanks for having in this morning, and greetings from beautiful turks and caicos island. yes, people started coming back to our resorts. we have in july it wasn't that great, but i think as the people started getting more confident in the destination, we have seen more and more people coming back to turks and caicos island. stuart: but you're not back to normal, are you? you're not back to anything like -- 2019 was your record

year, your best year ever, but 2020 is not going to be even close. >> absolutely. oh, no, not at all. i think we're at the moment in the recovery space, and that's really where we're trying to promote to travelers that it's a safe destination. were done everything in terms of putting the necessary protocol into place. stuart: well, did you get any-from the government? america -- help from the government? america as has just passed or is about to a pass this aid bill. dud ocean club get any of the money? >> no. this is -- no, ocean club is also in the caribbean, so that is outside of the u.s. territories. but the local government here, of course, tried to work with us to insure that hotels to support them as much as possible. stuart: at the current level of business, how long can you stay

afloat? >> well, you know, we will, we're in this for the long haul, and we're doing everything. the ownership and management here, we're doing everything possible to insure we stay open as long as possible. the good thing about it is we see a good forward trend in future bookings. so things are shaping up. stuart: thanks very much for coming on the show. we wish you the best of luck. we know that we've got a lot of viewers in the turks and today cose, so a big hell el low to all of them -- hello to all of them. thanks for joining us, see you soon. >> thank you. stuart: i have new numbers on airport travel, on the rise despite the holiday warnings. what have you got, ash? >> ah, i'm hoping the varney show goes to the turks and caicos for a week's worth of broadcasting. that's another story. more than a million people went through u.s. airport security checkpoints each day over the weekend despite government pleas

to avoid holiday travel. it marks the first time u.s. airports have screened more than a million passengers since november 29th at the very end of the thanksgiving weekend. the passenger volume still down 56% year over year, but health officials worry as more people travel the greater the chance of what they call super-spreader events. cd issuing a travel advise true, but even more travel is expected, as you would expect, as christmas draws closer. aaa expects 85 million people, but most of them by car. [laughter] stuart: wouldn't get all that lot on a plane, that's for sure. thanks very much, indeed. i've got boeing on the screen, it is a dow stock. it is talking some points off the dow. apparently, they could be in more trouble following a senate report. >> it makes you wonder if the 737 max will get back into the skies anytime soon, right? this goes back to the july 2019

simulator test designed to determine whether pilots could actually react quickly enough to the, quote, fault few software which is similar to what happened in those two fatal 737 max crashes. a whistleblower said that boeing coached the pilots on what to do so the plane would seem safe enough to be able to fly again. and the senate report also blames the faa, the relationship between the faa and boeing is just way too cozy. stuart: that's probably not going to keep the max jet off the air and out of the air for any length of time, is it? >> well, it's been a while, almost a year, and we are expecting the airlines to talk talk -- to take off. but it instills fear. stuart: it's not a confidence builder, that's right. more "varney" after this. ♪ islands in the stream, that is what we are. ♪ no one in between, how can we be wrong. ♪ sail away with me to another

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stuart: susan got something wrong. she is going to apologize earlier this morning ed rensi was on the phone. his phone rang. that is landline. that ring. it is not just a landline is it? susan: it is an iphone ring. not one of my preset rings. i didn't recognize it. i'm a sucker for nostalgia. talking about three-martini

lunches it was a landline once again. stuart: what i call is ding-ding, ding-ding. that was old fashioned in england. in hong kong, dimwa? remember? my cantonese is rusty, not out of sight. neil, take it please, it is yours. neil: my phone has an italian ring to it. hey. stuart: that's good. really good. neil: thanks. not quite like your singing but it is very close. thank you, my friend. that is a compliment. that's a compliment. we are a lot going on here on corner of wall and broad. the dow is at its lows. world health organization what you call the virus, big twist. whether it is mutating whatever you want to call it there prompted one country after another to stop flights to britain and britain itself