cheryl: it's pretty nice out west. thank you. lee carter and mr. schell, thank you, a great three hours. that does it for us "varney & co." is coming up and someone who i think will live forever because he always has a spring in his step, david asman, good morning. david: i could live a better and naples, florida. maybe we could talk our bosses into moving down there. thank you. good morning. i'm david asman and i am in for stuart varney and here's the story of the day, president trump signing the 900 billion-dollar covid relief bill of 39 government shutdown and restoring unemployment benefits. later today the house will vote on a measure to increased in the less checks from to $2000, this is what eight lot of democrats and the president what. look at futures, moving into the green on this news with the dow jones, s&p and nasdaq doing

well in premarket activity and meanwhile doctor anthony fauci says quote the worst is yet to come, not such good news for the covid pandemic. i will be asking dr. matt mccarthy if he agrees, plus california still under lockdowns, so why are cases of their surging? its approval lockdowns don't work and we are on that. barstool sports founder was on the show last week and we talked about his fund for small businesses. we have a big update to the story. we have a jampacked show today. steve moore, aaron parini, tom della kearny and tommy lawrence all coming up with the big three hours ahead. "varney & co." begins right now. ♪ ♪

david: oh, the doors. i remember that one. with a song, the whole album great, president trump assigning the massive $2.3 trillion covid relief and government spending package, altogether, he signed it to sunday to avoid a government shutdown and today the house is set to vote on a bill that would increase direct payments from 600 to $2000. seasonally come of this is the part of the bill that stopped president trump until yesterday, susan li. susan: he said start the process of the 2000-dollar checks, but it will be tough to get the senate to approve it and come on board. unsure if senate majority leader mitch mcconnell will even bring this to a vote even if the 2000-dollar check logos through congress first, but look $600 check going out in a matter of days to

americans, those making $75000 or less and an extra $300 in unemployment weekly benefits and as a small business you get more than 300 billion and extended ppp loans. wall street expects this to last us at least through to the spring and hopefully we will get another stimulus package negotiated then, but if you look at futures, wall street likes this. david: they do, it's not as spectacular as some positive news on a stimulus checks, but it's doing well today. thank you. i went to bring in economist stephen moore who was part of president trump's economic recovery test force. i'm happy it looks like americans will be getting bigger checks. it's a great relief particularly for people that live in lockdown states, but to say it's a stimulus i think is mischaracterizing it because we have had so-called stimulus

checks in the past by the obama administration, by bush before that and people tended to put it in their savings account rather than going out and spending the money and right now there's no reason to think people will do any different; right? >> that's right, david. i call it helicopter money, the fed printing hundred dollar bills and then taking helicopters over cities and dropping the money. look, every american love the free anything and make sure love free money, but it's not a stimulus to the economy. wouldn't it be wonderful if it were that simple? of course, that's not the way you get a productive economy to work and what worries me is the talk about not just $600 as you mention, but i think you said there's a vote to raise it to $2000. it's something donald trump and i went to be clear, i don't often disagree with this president, but i disagree with the idea that we-- by the way that means for a family

of four you are talking about $8000 in free money on top of unemployment benefits, on top of increased food stamps and housing aid. at some point you have to have people producing things. david: that's the key. >> where are the tax cuts, david? wears that deregulation, the things that make a productive economy grow and that's what's missing. david: we are likely to get deregulation under the biden administration and unlikely to get lower taxes under the biden administration, but hopefully we will get in and to some of the lockdowns. democrats love to say they represent the poor and downtrodden more than republicans do, but these lockdowns most of them pushed by democrats have been harder for the poor than any other group. >> that's true and i have a piece on fox news.com. making that point which

is that liberals obsess about income inequality. they say they want to do what they can to reduce racial disparities in the country, but the people who have been flattened by these lockdowns are the lowest income groups and everyone acknowledges that and minorities have been particularly hard hit. we have to get our business is open. you mentioned of marriage-- a minute ago that california has a huge wave of coronavirus and it's horrible with the increase in death rates, but california has been in a complete lockdown for the last month or so and has not the-- stop the spread of the disease. but you go to florida, palm beach, tennessee, utah, states like nebraska, iowa, they are open for business and i -- they are right next to illinois and i was open, doesn't make any sense. david: you have to watch the next three hours of this show because we will get back to that theme again and again that these are situations in california

approve lockdowns it don't work as they claim-- as politicians claim they do. steve, great to see you and thank you very much. we are in the santa claus rally. susan, there has been only six times since the 1990s a santa claus has not showed up so a lot of people were expecting this. susan: which is why december is one of the strong this month of the year for the stock market. typically last five days of the urine first two days of the next year. researcher says nearly 80% of the time you will see gains in the seven treaty sessions about one and a 3%, second best seven-day combo of the year. the six times when santa claus did not show up, january was a tough month for stock market with wall street down five out of the six times and so far i would say so good after gains we saw last thursday, which was the official start of the santa claus rally and combine it with the early gains we have in the premarket, i

think we are on track. david: let's hope it continues. thank you. bring in our market guy, keith fitz-gerald. great to see you. the beginning of the week of a new year, the market took a while to kick in this morning before it even after the news of the president signing the spending bill, so i have a feeling that as important as that was for the markets, they are looking for something they think is even more important which is the election in georgia next week. >> i would share that sentiment. there's a sense the other shoe will drop in that is why they are holding back. i think people know it's not just that get out trade and the stay out trade have to get ahead of, but they have to navigate this last little bit of political uncertainty before they can really bring that money to bear. david: you sent us north before the president signed the bill saying get ready for a pullback buys.

the president did sign after your note. so, what will be the next pullback in which we can go in and buy more stocks? >> first thing, that will teach me too go to sleep at night. i came in this morning fully expecting the president would not sign and we would have a pullback, but what do i know. i think the next pullback will be morse tax uncertainty in the moment president-elect biden opens his mouth about higher taxation. that will give you an opportunity to go after companies like tesla that may get knocked around a bit or amazon, for example or walmart. of those will be companies that may have a bit of a stutter and i think coming into 2021 i expect that strong year so a year from now i think we will have another one for the record books. david: if you buy in at the dip and as you said you know he wants to raise taxes, but if he says again and markets pullback

after he does raise a taxes and after perhaps companies don't have the money to invest and markets come down quite a bit, wouldn't that be the time to go in? >> you could go in and either occasion. i think personally going on both if you can because the market, the ceos in particular have to navigate this. they don't care about politician spending their money, they care about returning money to shareholders in overtime they do that well, so i think that's an argument for optimism and an argument to invest. david: you mentioned walmart, the retailers have not done as well post christmas as people that they would. we had high hopes after the thanksgiving holiday that in fact the retail market would do fine. i'm getting a sense there are jitters and retail; no? >> i think there are, but the thing that caught my attention was walmart. i totally underestimated the tenacity they would have to take on amazon.

i see them anecdotally and hear about it from our friends at that walmart is doing a better job on home delivery and some of the absolute shopping needs americans have, so i am keen to see that stock come back up. i think it will come into its own and next year. david: keith fitz-gerald, thank you for being here. have a great happy new year. a few days before christmas joe biden saying quote the darkest days of covid are yet to come-- actually, doctor anthony fauci agrees with the joe biden enseennt bthh btheh w bengro the,wh nil ror rtep cim cslaimmaslama pas r'fizer'fize anacanci icigtrrigarralarlee ic acacson iofe dea ordo dr. m dt rtmcrt hiseoe gsee h ckke but, f birut air qstck checofheof fofurses as re a are gen g.re rctageenf a ofad a ond a and p is& dng d woil essosoowon pupgheg ther. r tr.r.r.

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david: good day for markets today. all of the indices are in the green. this is all premarket activity so everything could change. right now the nasdaq is a full percentage point ahead in premarket activity. s&p is doing well also and the dow jones is up over a half of a percentage of.so it looks like a great opening week. almost a year into the pandemic the us is still facing a massive shortage and medical

supplies in our edward lawrence is with us to talk about this. what are lawmakers trying to do about this? >> the cares act, $16 billion to replenish the national stockpile getting the latest bill the president find a few more billion. the administration has a positive terms of medical supplies made in a china and that lists a thursday meeting tariffs will be reimposed. the tariffs had dropped to 15% last year so january 1, 15% tier if reinstated medical supplies from china. senator pat toomey has a bill to address this pausing tariffs on personal protective equipment for two years, but the bill has not made it into committee for consideration, so tariffs by the us could raise the price of medical supplies here. hospital workers across the nation need and 95 masks, so right now there are about 200 million letter and 95 masks in the

stockpile in last january there were only 12 million in the stockpile. still, last me the administration set a target of 300 million masks falling short so far so is the pandemic raged on and we now have pressure on hospitals in california and also new mexico, even ohio the race is on to replenish the national stockpile while making sure frontline workers have what they need to treat covid patients. david. david: thank you. stain on the subject, an article in science magazine suggesting a few severe allergy like reactions to pfizer's covid vaccine could be related to the new process that targets a person's rna. breathing in dr. matt mccarthy with more on this. good to see you and we should emphasize these are eight bad reactions to tens of thousands of people who have been vaccinated, so it's a small percentage, but significant and i would

like to ask you exactly without getting too much into the weeds, this concerns the type of vaccine this is, which is a new development. it targets our art and a messenger rna and it's a compound used in the packaging that could be bad for some people; correct? >> let's look at the numbers with over 2 million americans who have been vaccinated and we have a very small number. you mentioned eight, certainly fewer than 20 that had a severe allergic reaction and the that if the lipid nanoparticles so when we give someone of these mrna vaccines they are getting a little transcript of nucleic acid and it's an envelope of lifted. one cup code is called polyethylene glycol and the concern is that in it may, one in 100,000 people cause severe allergic reaction one which you given epipen,

stop the allergic reaction the person is okay, so looking at the big picture, these vaccines are incredibly safe. one concern i have is the sensational as a of how every time someone has an allergic reaction it's on the front page of the newspaper and what it does is getting people's head so if i give you a vaccine in your thinking what's going to happen to me, you get the vaccine in your heart races in the next thing you know your tongue feels numb, is it real allergic reaction or is eight placebo effect which is basically the suggestion something could happen so overall very safe that we are keeping a close eye on the polyethylene glycol which is part of the lipid bilayer. david: and it's only into of the vaccine, moderna and pfizer because the other two, johnson & johnson, astrazeneca is kind of the old-fashioned vaccine. about doesn't have this substance a; correct? >> correct.

the way i think about this is like antibiotics i treat patients all the time that say i have an allergy and we use a different anabolic. it may be people say i don't fill comfortable with this mrna vaccine and i say that's great we have other options. you will hear a lot more about johnson & johnson, astrazeneca and nova back's in 2021. david: it's great we have these options, absolutely extraordinary when people didn't think we would have one. i have to quickly ask about dr. fauci saying he agrees with joe biden that the darkest days are yet to come. let me roll tape and get your reaction. >> the reason i'm concerned and my colleagues in public health are concerned also is that we very well might see a post seasonal in the sense of christmas new year's surge and as i have described as the surge upon a surge, i share

the concern of president-elect biden that as we get into the next few weeks it's might actually get worse as. david: only a few seconds to respond. what do you think we make we keep hearing things are going to get worse and worse, big picture, keep it simple, where-- socially distance. this is may be working in parts of the country and not other so all covid is local. david: get a vaccine and now you have options. if you don't like one now you can get another. dr. matt mccarthy, thank you. good news in terms of the signing of that spending bill of the covid relief bill leading to positive news in the market as you can see with the market still holding their games in premarket activity. nasdaq up about a full percentage point, as appeared dow jones following. looks like a great beginning of the last week of the year. great monday morning. we have a lot more to come.

stay with us. ♪

david: checking the markets, premarket activity still solidly in the green and it looks like it could be a banner day. this is, of course, the first day of the last week of 2020. did we ever think we would get to the end? i went to bring in bed guard eddie now. i sale we need to get ready for a big move in the markets really depends, not so much that he sign the bill, of course he did sign, but what happens with next week's georgia runoff. you say what about that? >> i say everyone is so concerned about it in the market is holding up so well that may be it won't matter that much, i mean, even if democrats wind up getting both senate seats of georgia it won't be like overnight all the bad consequences of a blue wave will unfold. i think the markets will definitely anticipate that the bad news that there might be increases in taxes on corporations

and individuals, but those won't kick in until 2022 and meanwhile, a blue wave with me a lot of spending on infrastructure, green at new deals and the like and again, as long as it doesn't cause a recession i think the market does okay. as you know, we are still in the holiday season and green and red are christmas colors and rather see green van read when it comes to the market. david: the other thing you didn't mention, but i know you're focused on as well is that markets are solidly focused on what the fed does and whether they try to keep interest rates down. today announced that they would try to and as the new treasury secretary is coming in, a person who was the chief of the fed, janet yellen so there's no reason to believe the fed will change its attune. >> well, i think for all practical purposes we

might as well combine the balance sheet and income statement of the treasury and fed. this is a monster, nation providing a tremendous amount of stimulus to the economy and so far it hasn't caused price inflation at the consumer level though obviously some people would disagree depending on their specific situation. it is causing inflation in asset prices and that's a controversial area, but it's great until it isn't. we will probably see a melt up in the market. we have had one really since march 23. if so we can blow through the january fifth, maybe we will see we don't get a blue wave after all. david: we have to jump in about 10 seconds because the markets will open. do you want to get a a guesstimate as we go into 2021 about where the dow jones will be at the end of the year? >> i think most

comfortable saying it will be higher. i'm still bullish, but i would say we could get 4500 by the end of next year. david: unbelievable for the s&p. thank you. appreciate it. the opening bell is raining right now. there is is. i wasn't hearing it, that seen it before hearing it and now you can hear it as well. premarket activity with market activity trading pretty good particularly on the nasdaq. we don't see anything yet. all-time high for the nasdaq, s&p and we will see what happens with the dow jones. right now that big board isn't showing much on the dow jones, but s&p is up significantly up .7% right now and the nasdaq is up .85% coming down just a bit off its

premarket highs, but still trading very close to the 13000 level on the nasdaq. it looks like a great day if it holds onto the games. astrazeneca says it's coronavirus vaccine should be effective against the new strains of the virus that is scary 70 people particularly out west. moran, give us the details. ashley: researchers will continue to test against the new variant, but 70% effective overall, cheaper to make and doesn't have to be stored in as cold temperatures as pfizer modernist vaccine so the stock is up over 3% right now with reports the british are reviewing astrazeneca in the phase three data and it could get the green light this week, maybe thursday with the first poke as they say going into brit's arms the first week of january. david: turning to boeing, the 737 max jet set to be flown by

us airlines, the first time since it was grounded. who is first and when does it start? lauren: looks like american airlines will be the first to fly tomorrow from miami to florida. this jet has not flown for two years as the faa lifted the ban last month and it now officially the jet will take to the sky's appeared they will start with one round-trip miami to new york and then gradually increase from there, but it's a popular route with a lot of new yorkers going to florida where the weather is better and fewer restrictions. david: fewer lockdowns. thank you. let's look at alibaba because the chinese government was not too happy with the jack mall for a lot of different reasons. is that why that stock is down almost 2% today? susan: on thursday this is because china made it very clear

-- that's worth as much as paypal over $3 billion issued a statement over the weekend ordering alibaba to return to what they call solely refocusing on financial payments alone and out of banking like microloans which was where it was expanding and also more lucrative as well for the company. investors and china's richest man, jack ma the owner of alibaba but apparently insulting leaders by criticizing their old ways of thinking and to be clear is fairly unlikely alibaba will be broken up and even chinese authorities said that, but the growth is not a rocket ship anymore especially when it comes to microloans and expansion in banking. that will be limited, which is more lucrative and moneymaking for alibaba. david: this is the crash between capitalism and communism. those two ideologies

were working side-by-side in china for a long time as an uneasy friendship, but now they seem to be falling apart. susan: isn't it interesting that china and the us both countries are speaking and looking at reining in big tech? they don't have a lot in common but they definitely have that. david: for different reasons, but it is true that big tech may have a top year 2021 and also tesla expanding operations into india next year. susan: tesla the world's second most populous country. a big deal given tesla has won the chinese electric car market as one of the major catalyst for the 600% run in stocks. the transport minister telling the indian express newspaper that the call maker lands to begin operations next year and that tesla's involvement in india could include expanding

manufacturing. think of a factory in india like in shanghai. we also have elon musk tweeting christmas eve taking tesla private would be impossible now given that it's so big and part of s&p 500. elon musk got in trouble a few years ago when he said he would take tesla private before the stock split. that would have been a good bargain back then compared to the value now. david: he was also reminding us at the time he contacted team cook about selling tesla also, so times have changed. now getting a price target cut from whom and to what? susan: jc morgan-- jc-- jason morgan. i think this is a story and a warning that not all electric carmakers are made the same. its embattled trading at less than a third from

the high of this summer after fraud allegations against the company and founder. the point here is that not all electric carmakers are winners. david: thank you. show was a disney. there is some lockdown news or lock off news i should say they are showing off their latest cruiser ship, the disney wish. when does it fail? lauren: i wish it would be sent that we have to wait until the summer of 2022. it was delayed at the german shipyard where it's being built. you're looking at this video showing cinderella as the golden statuesque at the bottom of the winding staircase in the grand hall of the ship transforming dreams into reality, whatever your little girl wants. it will have over 1200 guest rooms powered by natural gas and it is one of three new ships disney is adding to their fleet. no disney cruise has set

sail since march and they don't expect to do so until april, 2021. disney has docked all of their ships for a full year and may be than some and when you think about it like that, you say wow, i mean, so in many industries hit hard by the pandemic. no business for an entire year. david: sounds like you want to go on that new about. lauren: i kind of do. i need to get into that fantasy world, don't we all? david: i like the idea of it myself. i will bring my grandson. a quick check of the big board, all-time high for the tat-- dow jones. 10 year up about two basis points, still below the 10% level. i remember the days. checking gold, if we can it's up about $16, almost $1900 an ounce, good day for gold.

bitcoin very good day for bitcoin, well over the 27000 mark, up almost 17%, susan. susan: about 28000 last night. incredible, another record high, longest monthly and strongest rally we are seen in the cryptocurrency since 2019 surpassing 2017 records. we have one crypto exchange 30000 around the corner, but expect pullback of 10 or 15% and that might be an entry point. david: i know a relative kid whose entry point was when it was trading just for a few dollars end of that kid is now a multi- multimillionaire. susan: is he related to you? david: know, but he's a friend of my son who's doing quite well thank you. to incoming squad members refusing to say whether or not they will

back nancy pelosi as a speaker of the house. there is a whole lot of infighting already going on in the democratic party so will pelosi get another turn as speaker? that's not the only divide among democrats, listen to what bernie sanders thinks about the bot-- abiding camp. >> progressive movement itself probably is 35 or 40% of the democratic coalition and i believe that the progressive movement deserves seats in the cabinet. that has not yet happened. david: we have to remember bernie sanders and their progressive's help to biden the white house, so will biden keep his promise and embrace their agenda? interesting dilemma. we are on it next. ♪ are you frustrated with your weight and health?

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david: checking the markets, we are still doing well. we are all in the green, slight pullback on the nasdaq, but nothing much to worry about. still up about three quarters of a percentage point on the nasdaq. everything looks good. susan, we should mention ipos tremendous, ipo market in 2020 and looks like next year might be good to. susan: it might be hard to challenge that we saw raised this year. best year for both metric since 1999. also, the depths were pretty impressive with more than 20 companies so that's a new term. the over a billion dollars limited by this month's airbnb, doordash, and we were expecting to other highflying unicorns tool ipo before the end of

the year, but instead they put off their share sales until next year to 2021, we might get rob blocks affirmed but also robin hood offering that crypto platform coin based an instant cart with more high flyers to come some people say it could be a bubble. david: we may see that in the beginning of the year. i think 2020 as it wears on it will be a little less, but still looks good. thank you. looking at the markets, again, doing quite well today. we want to bring in jeff sica because there was a "wall street journal" piece that made me think about you. the market has been doing so well that people have gotten into debt, a high amount of debt to borrow money to buy stocks. we are now in record territory. what do you think of that idea? >> i mean, that concerns me. when everyone was stuck

on lockdown they discovered this drug and the drug is the internet trading at, mainly robin hood, trade station and what they are doing is giving people who-- i would consider a novice borrowing rates at 2.5%, less than most people pay for their mortgages and a lot of these people that may-- maybe were even on gambling sites prior to sports stopping, they have not been through a sustained bear market so when this market does turn, the way they react could be quite extreme. we might have people running out the door all at once, which could be problematic and create-- david: and they might be forced to do that to pay off their debt. the "wall street

journal" started out with a piece-- i don't want to encourage people to borrow money, but they focus on people who have done that and made out with many millions of dollars in the process, so it can be a good bet and one thing they are betting on or have bet on is bitcoin. you are recommending bitcoin, what is it $5000. it's over $27000, closing in on $28000 right now. is it too pricey to go in at this point? >> first of all, it's a speculative investment. back in april, 2019, i said that when the financial institutions embrace it, the floodgates will open and they have embraced it. they didn't tell individual investors they were embracing it, but that's one reason why i love it. at this price is going to be volatile, but i believe we will hit 30009 believe we will

hit 30000 and most likely-- you know there's a lot of people that are piling into and it's a dangerous time, so anyone that gets into it better be ready for volatility. david: i think it could happen before a month, i mean, today alone it's up about 4000. i want to switch, jeff, two films because i happen to be a film buff and i was very anxious to see wonder women 1984 on the hbo max edition. i have to admit i was a little disappointed, but it was a big success at the box office and in the streaming world. i guess it shows how starved we all are for new movies. >> here's the thing, i look at the success of wonder woman almost like winning a beauty contest where you are the only contestant because that's exactly what happened.

it's a great movie. it's a great franchise. i was also disappointed. i expected more. i think what is happening with old hollywood is they were counting on some people to go to the theatrical release and some people did, but if i were old hollywood i'd would not be cracking the champagne because a streaming is the way to go and yes they need to make another one a woman three because there is that much going on so this is-- david: jump, we have to leave it at that, but when you are in the -- when you are the only horse in the race it's easy to win. president trump achieved several middle east peace deals, but what happens next with a biden presidency? first, stores are gearing up for a post holiday surge after many opted to shop online. we have a live report coming next.

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david: this was good news, despite the pandemic holiday retail sales are up. by how much? lauren: 3%, mastercard look at data that started october 11, because promotion started earlier. during this time holiday sales overall 3%, but online up 49%. what did we buy? furniture, home improvement growing by double digits, electronics and appliances, but clothing fell and department sales down 10%. i think the question is, when we are done fixing up our house, what are we going to buy? david: trips for disney. while people bought they are also returning a lot of gifts christina is with us now. christina, it could be a record year for returns and that could be a nightmare; right? >> exactly. that's the expectation. silly people bought goods online which is why retailers like macy

are streamlining the process to mitigate any massive crowds. it's not crowded now because stores don't open until 11:00 a.m. eastern. the national retail federation says one out of every 10 gifts you received will be returned, a whopping $70 billion in unwanted goods. retailers are prepping. you have walmart working with fedex to pick up your items from your home. you have macy's with a return center on the side of their building. it's not open yet. dick's sporting goods is offering curbside return , stores like target said they are cleaning down their goods and keeping the vast majority in a room for 24 hours before putting them back on the floor and also amazon increasing the number of places you can drop off your goods to return it like even whole foods. david, you have shipping

cubbies and retailers that were struggling to get your gifts out in time and now they will have to deal with the brutal season of unwanted goods coming their way. david: although, when people bring them back to the stores they often make new purchases, so that kind of even things out. thank you very much. lots of action a still ahead in the next couple of hours. kt mcfarland, new york governor, erin parini and tommy lauren, the second hour of "varney & co.", stay tuned. ♪ . .

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♪. david: black-eyed peas, we love them. i'm david asman filling in for stuart varney today. it is 10:00 on the east coast. we still have a very big hoe show. coming up this hour, dennis gartman, dr. jenette nesheiwat are and former new york governor george pataki. next hour, erin perrine any, tom del beccaro from california and tomi lahren is with us. big stacked up two hours coming up. major indices are hitting

all-time highs nasdaq at a slight pullback. but they're all well over half a percentage point ahead. president trump signing the stimulus bill sitting on his desk. he did so yesterday, late. susan, what does that bill mean? susan: 600-dollar checks go out to a matter of days to americans making $75,000 or less, $1200 for couples making less than $150,000. $300 more a week for unemployment benefits and businesses getting extended $300 billion in ppp loans. airlines flying getting more relief aid. it is good. it extends the santa claus rally. they expect it to last through to the spring hopefully another stimulus package being negotiated. goldman sacks raises first quarter gdp to 5% from 3%

because of the stimulus deal is signed and passed. david: that is good but spending a lot of money. gold benefits from the dollar coming down when the government spends a lot of money. susan: i think it is good for americans that need it. david: definitely good for americans that are hard-strapped because of these awful lock downs. we'll talk more about that coming up. as i said, lauren, gold is heading for a strong close today, partly because of all the government spending. lauren, this could be the best close in six weeks time. as you said, david, more stimulus means americans are able to spend more that drives up expectations of higher inflation. go ahead is a hedge against inflation. plus the weak u.s. dollar. looking at 1899 a troy ounce for gold right now. the record high is 2051. we saw that in august but for the month, gold is up 6% and almost 24% on the year, david. david: as you were talking it just popped above $1900.

lauren: look at that. david: lauren, thank you very much. dennis, the president signed the stimulus bill, markets are relieved. how long will the boost last? >> it will continue to go until it stops. 5645 years in the markets, david, that is the best i can come up with. we have a president apparently republican by name only. becoming a left-wing democrat. putting $2,000 on the table. they can't walk away for it. republicans will have vote for it. democrats say if he is in for 2000, we're in for five, where does it stop. that is inflationary stimulus, treasury stimulus, is fiscal monetary stimulus. it is a bull market. it surprises me, stuns, me shocks me and may continue. it will move from the lower left to the upper right and probably continues to do that. public is in, insiders are sellers but gamblers are in and

it's a lot of fun. david: particularly for stocks because inflation and interest rates are so low. also for gold which is interesting, because gold is kind of a hedge what might happen in the future. bitcoin is up there as well. there is gold. no, that is actually bitcoin, not gold. can we change that headline on that. that is bitcoin up close to 2thousand right now. i want to talk about that. we had jeff sica on earlier. he is still bullish on the cryptocurrency. you have said on that program before, that clock is ticking. make your case? >> problem i see the central banks will not give up their control over monetary policy. that just will not happen. the fed will not give it up. the bank of england will not give it up, the ecb, bank of canada, reserve bank of australia, peoples bank of china. they will eventually not want to give up a monetary authority. that is a given. where can about it coin go in interim? it can go anywhere t could go to 100,000.

it will do so without me. as long as monetary authorities collectively enough is enough we'll put in controls against it. we'll walk in one day. it will happen. who knows when but we'll walk in one day and bitcoin will fall 40 or 50%. in the interim as long aspects continue to buy it, as long as everyone wants to think it will go higher, for be it from me to sell it short. god bless everybody in on it. great job. it has gone higher without me. david: it has gone higher without me too. i have missed out on that one. year-end dressing up the stock portfolios. what does that mean quickly? >> there is a lot of window dressing that goes in. if you're a hedge fund or mutual fund manage they're missed the high-tech rally you have to buy some to show it at the end of the year on your balance sheet. that window-dressing goes into the last trades of the year. that will drive prices higher through december 31st. the game changes after the turn of the year. window-dressing is a consequence every year after bull markets.

same thing after bear markets. if you're losing money on the way down, you sell stuff on at the earned. year to show you don't have it on your accounts. david: we haven't talked about the big election. we'll have to do that another time. dennis, thank you very much, my friend, for being here. >> congratulations on the grandchildren. david: thank you very much, dennis. appreciate that. as covid cases rise more restrictions and lockdowns are being put into place across the country. come in dr. jenette nesheiwat. we may have that actually reversed, as we have more lockdowns we have a spike in cases. i'm wondering if the lockdowns could actually make the spike in cases even worse? >> well, that's a possibility, david, especially if you see there is lots of social gatherings. the cdc says 74% of the outbreaks right now are from social gatherings, mixing of households. people traveling from one household to another, not wearing their mask, not social distancing indoors. that is where the outbreaks are

stemming right now. we with memorial day, labor day, thanksgiving day, we saw spikes and surges after holidays. we'll see the same thing unfortunately with christmas. now we have new year's coming up. it will get worse if we do not really tackle the cdc guidelines wearing mask and social distancing f you're going to be traveling up a window, up a door, make sure there is good ventilation or circulation. otherwise the numbers will go up and overwhelm and burden hospitals. david: i want to get to the lockdowns. you mentioned 74 come from family gatherings. >> correct. david: gatherings inside of the home. only 1.4% of tracing links the spread of covid back to restaurants. so are we getting a lesson here that maybe we should focus more on what is happening at home and less after lockdown on the restaurants? >> let's be smart. let's use science and data to guide us or we'll be affecting

the community and economy and people's lives. transmission outdoors is almost zero if you have good ventilation and circulation. we have to look at the risks and benefits. let's be smart. we know outbreaks are happening. let's focus on that. david: there are a lot of problems, even deaths that result from lockdowns. >> exactly. david: i want to ask you quickly because you are one of the doctors not only talks about it, you work the covid cases what is happening in emergency rooms? are you seeing any sign that these fast transmitting new mutation of covid that we see in the uk and elsewhere is happening here? >> my opinion, i think it is already here. i think maybe that is why we're seeing surges in spikes and outbreaks in l.a. county. we're seeing in texas. we're seeing in tennessee. i think it is here even though we haven't done what is called the genomic sequencing and what is happening in the emergency rooms in hospitals, emergency

rooms are acting a hospital beds, acting at icu beds, because the icu beds are full. there is zero capacity in parts of california, tennessee, texas, new mexico. the beds are full. there is lack of support. there is lack of resources. there is lack of doctors, nurses, respiratory techs. they're being stretched thin. they're overwhelmed. they're overburdened. the good thing, david we can turn it around. it is not too late. be sure we keep six to 10 feet away from other people, especially people you don't know. wear your masks. we're literally weeks away from the vaccine. david: we have been turning this around. we have great therapeutics working against the disease. it is much less deadly across the nation as a whole than it was before. i know there are certain states where there is exception to the rule. of course we have the vaccine. so hopefully this new, by the way the new mutation of the virus will, vaccines everything

we know show that the vaccines will be effective against that as well. >> correct. david: that is the best news. doctor, great to see you, dr. jenette. >> great to see you too, david. david: a report says working from home could be the new norm. lauren, tell us more. lauren: it is estimate ad quarter of all workers will work from home at least a few days a week by the end of next year. this trend is going to stick with us. consumer companies are ad adjusting their manufactures lines and products they make. let me give you an example. conagra is adding a factory line for healthy choice lunches. when you're working from home you want a fast, easy lunch. kimberly clark are making toilet paper for home use as opposed to office use. one more i didn't know know, david, you're not demonstrating it, more products for beard care since men are not shaving as

often because they don't go into the office as often. david: i'm not a beard guy. you know that lauren. elon musk saying tesla private, there was a time he was thinking about it but it is not possible really now. susan: it was a time few years ago, 2017, close to 2018. but now tesla is too big, part of the s&p 500. that was a milestone for the carmaker last week. elon musk got into trouble when he said he would take tesla private 420, money secured that would have been a bargain then that was prestock split. that was 60 billion as opposed to 400 billion where tesla is worth now. we have tesla rallying again prospect maybe getting into india. which is the world's second largest population that is a big deal given tesla won the chinese car market. major catalyst for 600% run this year. india's transport minister said the electric carmaker will start

selling cars there sometime next year. we might even see a gigafactory there sometime in the future. just like in shanghai. that is salivating for tesla investors. david: indeed. thank you very much, susan. well, dave portnoy joined us last week to talk about the barstool fund-raising money for small businesses. doing great. roll the tape. >> i'm happy about it. i hope it is the beginning. we want to raise tens of millions of dollars because there is not enough to go around. david: we have an update how many millions of dollars they raised so far. that is coming up. astrazeneca's covid vaccine could get approval in the uk this week. we'll give you details. rather than take the press conference with heroic nashville police officers, cnn continued with tape coverage blasting the president's inauguration size. remember that? we have a media watcher who has a lot to say about their priorities? he is next.

♪.

david: well nancy pelosi may be facing a challenge to her speakership when the new session of congress begins. susan, tell us why. susan: besides aoc, two newly reelected or elected progressive congressman. they're holding back support for pelosi as well. talking about jamaal bowman and cori bush. both endorsed by democratic socialists of america. they were asked on sunday on cnn if pell lows ski could count on the votes when the new congressional term starts on january 3rd. they didn't answer the question. they hedged their responses

instead. we heard clearly from aoc, alexandria ocasio-cortez she said pelosi and chuck schumer both need to go. bring in new leadership to the democratic party, she, aoc isn't ready yet for the speaker job. we'll see if nancy gets reelected as house speaker. david: bowman said is the guy that said capitalism is slavery. susan: i'm not sure about that. david: he did, trust me. susan: socialist endorse months. david: aye yi yi. susan, thank you very much. joe biden is building a team to enact more aggressive regulations. remember all the deregulation the trump administration? that many people say led to a tremendous business boom activity in the us. what could that mean for business if we see more regs? lauren: they're saying more oversight. joe biden is bringing on cabinet members with experience. that means they will know how to undo trump's regulatory roll back really fast. they're possibly adding more

regulations that could strangle businesses, many of them already struggling. think the energy business. for instance, gene ma mccarthy is -- gina mccarthy is was president obama's climate czar. first ever climb at remission restrictions on power plants. only zoo to the trump administration roll many of them back. now you can expect them to be added again. that is just one example, david. david: here we go again. lauren, thank you very much. >> meanwhile cnn chose not to take the press conference yesterday with the hero cops in nashville. they decided instead to air a montage of their many grievances against president trump during the past year, highlighting the so-called heroic actions of their own news team. come in ad adam guillette. accuracy in media. adam, cnn thinks the so-called heroism of their very flawed

news outlet is more important than the genuine heroes. >> audiences are fragmented. they have to tell the viewers what viewers want to hear. in the year 2020 a positive news story about law enforcement is not something that cnn viewers want to hear. they would rather hear something about defunding the police, rather than celebrating the police. whereas bashing trump, that is on brand. their viewers eat it right up. david: you add up all the stories they got wrong, starting with one that even began before president trump was inaugurated which is the russian collusion story. finally after years of looking into it, they decided the mueller team decided that it wasn't a story. it didn't exist. so they have all these stories that they got wrong and yet they keep patting themselves on the back and i wonder why? >> well, it's insane. i will give cnn credit for that one. at least cnn covered the eric swalwell story.

"the new york times" we've been going at this for weeks now. they're still ignoring the fact that a democrat congressman who was appearing to be colluding with a chinese spy he is not getting any coverage from the newspaper that covers all that is fit to print. so credit to cnn what "the new york times" is doing by ignoring such a massive story really undermines the credibility that the media has. david: particularly when you look at "the new york times" more closely they had a podcast called caliphate they had to pull. they had a major apology from the newspaper for putting it out there. so they're coming out with stories that are dead wrong. >> yeah. that is exactly it. it is disappointing because the american people need to be able to count on the media to hold politicians accountable. and the biden administration has made it clear that is not going to be an easy task. they're not looking to answer questions. what do we do when the media doesn't hold these politicians accountable? all it means more corruption, more back room december because these folks know they can get

away with it. we must hold the media accountable so they will hold the politicians accountable. david: i think post-trump media will not be doing that well in coming years. adam, thank you very much. so will alexandria ocasio-cortez run against chuck schumer for his senate seat? what the new york democrat chair is telling her. that is coming up. plus former new york governor george pataki was around for new york city's major revival in the 1990s. will the city, can it bounce back from everything we've seen in the last year? i will ask him coming next.

♪. david: ladies and gentlemen, we're in record territory on the markets again. remember that phrase, are you tired of winning? i'm not. things look good on all the markets. in fact if you look at the dow jones industrial average we're up almost a full percentage point right now. the nasdaq has pulled down a bit. again that is in record territory as well. we've got a story for you here about amazon. it is hiring a new lobbiest with ties to the white house? tell us more about this, lauren?

lauren: the guy's name is jeff richetti. they say they keep their private and business lives separate. jeff is lobbying for amazon on pandemic issues. steve would advisen on other issues. joe biden said he thinks point blake he thinks companies like amazon should pay their fair share taxes. david: a lot all in the family stuff goes on as we move into a new administration. lauren, thank you very much. big name movies streaming this weekend. susan how did they do? susan: "wonder woman," the sequel, look at at&t. we were up more than 1% at the start of the trading session. because at&t owns warner brothers which made the sequel, "wonder woman," 1984 biggest box

office hit. $16 million. $30 million made overseas. that includes china. but a 200 million-dollar blockbuster attracting a huge streaming audience for hbo max. virtually everybody domestically signed up for hbo max watched it sometime over the last four days. that is why they're fast tracking the next sequel, the third installment of the "wonder woman" franchise. david: okay. susan: looks like streaming in these times, in this year accelerating, doing very well. that includes disney plus. david: i watched it. i couldn't sit through it. i walked out about halfway over because i didn't like it too much. my waive stayed. neither one of us cared much for it. we did tune into it. susan: reviews are not great so far. you've seen that all over social media. the people are tuning in, catching eyeballs. that is a big deal. david: not a lot of competition. susan, thank you very much. dr. fauci is walking back some of his earlier comments. he is doing this once again, this time changing the original

estimates on herd immunity. lauren what is he saying now? lauren: says we need 75 to 80% of people to get vaccinated for the country to i i achieve herd immunity. when we get there, he says end of summer. he is sharply criticized by senator rubio continuing to mislead the public, flip-flopping on the percentage needed to say chief herd immunity, whether you should wear masks, et cetera. the bottom line, david, in the beginning this was a new virus and we really didn't have any idea what was going on. right now, fauci and most experts agree you need 75 to 80%. david: he has made a lot of mistakes. a lot of people have made a lot of mistakes it is new. i wish people were less certain of their edicts when they first come out. they will have to change a lot of them. lauren, thank you very much. astrazeneca's vaccine could be available sooner than expected. susan, another new vaccine. how soon are we talking about.

susan: approval as early as today. that is according to astrazeneca's ceo who says their vaccine is just as effective as pfizer east and moderna. close to 100% efficacy. also two shots here. easier to transport than pfizer's arctic cold temperatures. that is a plus. the telegraph says they plan to roll out the vaccine to the entire united kingdom on january the 4th. the uk government preordered a 100 million doses vaccines. we could get six vaccines in the first quarter of next year. hopefully the one shot johnson & johnson vaccine still in development, still needs approval. david: it does. it is old, that is the old fashion vaccine. it doesn't use the new rna. a lot of people are looking at that one. susan, thank you. as hundreds of thousands of new yorkers leave that state, higher taxes, rising crime and

the lockdowns it is important to remember that the state has been at brink of disaster before only to fight back and refrain its place as the nation's financial capital. one of the governors to take part in a renaissance like that was three-term governor george pataki. he joins us now. great to see you. i must say a lot of, a lot of pest m about new york's future but we've seen pessimism before about new york when it got in trouble. we have turn the turned things around. what is necessary to turn around hundreds of thousands of new yorkers leaving the state to turn things around? >> david, i hear that pessimism every day and i understand it. new york is horribly misgoverned and the decisions really hurt the city, the state, the people enormously. it has to start to change right now. if i were the governor right now i would do two things. i would say indoor dining, 25%, social distancing is okay. we looked at the numbers.

less than one and 1 1/2% of infections come from indoor dining. we need our small businesses to survive. we need manhattan to come back. we're opening today. the second thing i would do say, we're opening the schools when the holiday break is over. schools don't spread the virus. working parents need to know they can go to work. kids need to know they're not going to have to sit in front of zoom for eight hours. parents need to have some sense that we're beginning to return to normal. it will not be normal for a while. we know that. but you have to send some positive messages. david, the third thing i would do we're not raising taxes. are taxes are too high. one of the reasons people and businesses are going to florida and texas. we'll work to balance the budget without raising taxes. there are things you have should do today to reverse the pessimism, give people confidence tomorrow will be okay. david: you know, governor, it is not all about the pandemic. a lot of these things, the

higher taxes, the rise in crime, these are, these are problems that began to happen far before the outbreak of the pandemic. and -- >> absolutely, david. david: can't you, can't you make it a political message from either the republican side or the libertarian, i don't care who it is as long as people like you who were responsible for turning around the bad times in new york could get those same policies in place again? >> absolutely. they have reversed the criminal justice policies that i put in place that made new york the safest big state in america. you saw tragically a few days ago, one of governor cuomo's aides, 2:30 in the afternoon midtown manhattan, viciously attacked and seriously injured by a mentally ill homeless person convicted of numerous crimes. you have to put convicted criminals behind bars. you have to stand behind police.

you can't let mentally ill homeless to run the streets. these are policies we had in place. why some people come to new york, particularly young people. they reversed them all with tragic consequences. it hasn't taken long to lose the ground we gained but we can get it back, new yorkers pay 12% premium of than other cities and states do because of higher taxes. quality of life is so much he have so in new york. a lot has to do with the lockdown. a lot has to do with safety issues as well. >> absolutely. what you said it has gone right now. i hope right now are the operative words because it can be changed. quality of life is critical. people will not continue to pay the premium if they can't go to a restaurant, can't go to a concert, most importantly they can't walk in my town manhattan in the middle of the day and

ride the subway and right now you can't. policies, people know, at least someone with my experience. i can see what needs to be done. i see how we turn this around quickly. it has to happen. if it doesn't happen, the pessimism, the leaving, the discouragement about the future of new york is just going to continue with tragic consequences. new york will come back -- david: i'm getting a wrap but one thing you see a lot of in new york are cranes, building cranes because a lot of buildings are half completed. the question whether they remain empty when the pandemic is over and when the lockdowns are all over. whether people will not move back. what happens with all of that empty commercial real estate in manhattan. >> you see that all over the city and i know with my firm we have like, 10 or 11 or 12 floors in an office. people are now used to working remotely. nobody goes in. virtually no one goes into the office. and the restrictions are lifted how many will say i can still

work from home? i think there will be a contraction in office space but new york, if it gets the right policies, as you said we control crime and homeless issue and have a better quality of life, if we don't have a higher tax burden so that the premium becomes even greater than it us today, then it will take a while but new york will come back. but if we don't reverse those failed policies, if we don't restore funding and stand behind the police at a time when crime is rising the downward spiral will continue t doesn't to. it is about leadership. david: that is the real crime it doesn't have to. we know what works. we know what doesn't work. we're doing what doesn't work. we should get back to do what does work. governor, thank you for being with us. david: after signing the stimulus bill president trump is shifting focus to the upcoming runoffs in georgia, planning to visit the state next week, just the day before the election. i will ask erin perrine if

georgia was the reason signed the bill. bernie sanders slamming biden's cabinet. >> progressive movement is 35 or 40% of the democratic coalition. i believe the progressive movement deserves seats in the cabinet. that has not yet happened. david: so did joe biden hear that? will he be shifting his cabinet to the far left? we're on that coming next. new projects means new project managers.

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the moment you sponsor a job on indeed you get a short list of quality candidates from our resume database. claim your seventy five dollar credit, when you post your first job at indeed.com/home. david: well the first day of the last week of 2020 is turning out to be a very good day. the markets are up all in record territory. you see the dow jones just was at one percentage point gain today, up to 30,000, almost 30,500. s&p is up about a full

percentage point as well. nasdaq is creeping back up again to. susan, you have got the big movers of the day. susan: let's check out apple, biggest contributor today rallying on virtually no news. the biggest company in the world worth over two trillion, the most influential single stock on the s&p 500 in 40 years, so it is worth over 6%. it usually dictates the broader direction. as it goes so do the broader markets. in the opposite direction look at those that did really well the pass month. lockdown winners, include shopify. moderna coming way off the 170-dollar plus record highs, barely above 116. zoom, making it the founder one of richest people with 700% rally, with more vaccines on the horizon, more face-to-face meeting in the new year. zoom is falling today. roku which almost tripled this year. interesting going opposite direction much other streaming

winners, for instance, at&t which owns warner brothers and disney is flying up over 2%. david: interesting, susan, thank you very much. joe biden is making unions a priority for his administration, pledging to create millions of jobs for union workers. go to hillary vaughn in wilmington, delaware. hillary, what industries will his plan hurt? >> it will have a particular impact on the gig economy and independent contractors especially because president-elect joe biden has promised to be the most prounion president ever. part of that means major changes for workers and for businesses in part by holding hostage lucrative government contracts in the process for workers in companies in states with right to work laws. promising on the campaign website american workers should build american infrastructure an manufacture the materials that go into it. all of these workers must have the choice to join a union and collectively bargain but only 10% of the u.s. workforce right now are part of a union.

biden would try to change that by doing the following. insure federal contracts only go to employers who do not oppose unions. reverse right-to-work laws in 27 states. allow federal government workers to unionize. also change antitrust laws to allow independent contractors to unionize. these changes could sideline workers in 27 states right now that have right-to-work laws. biden's campaign site says right-to-work laws only do one thing. they deprive unions of critical financial support from workers and also suppress those workers so if a biden administration cannot successfully overturn the state mandates, those workers may not be eligible to benefit from federal contracts given to companies including biden's 2 trillion-dollar green energy infrastructure plan. the national right to work committee says right to work laws protect workers from forking over part of their pay to join a union who doesn't necessarily represent their interests and says the federal government forcing it does not

help workers and it also doesn't help businesses. saying quote, union bosses look to government to grant them more special powers. to compel workers to associate with unions against their will. this is especially demonstrated by overwhelmingly forced dues funding support of top union bosses for joe biden whose platform includes wiping out every state right to work law by federal fiat. one other change that consumers could notice biden wants to make different, he wants to get rid of any limitations how long workers are allowed to strike. also get rid of the allowance companies have to replace those workers while on strike. david? david: by the way only 6%, i think six and 7% of the private workforce is unionized. so that 10% figure comes when you put in the huge number of unionized government workers but it is less than 7% of the private workforce. it has been shrinking for years. hillary, thank you very much.

meanwhile bernie sanders speaking out against biden's current cabinet picks. susan what does bernie want to see? susan: won't surprise you. he wants to see a left tilt in the biden cabinet. despite the fact most of the cabinet has already been filled. sanders says he is disappointed there are not more progressives. sanders says the progressive movement is 35 to 40% of the democratic coalition. that should be reflected in the biden choices in the cabinet. he argued that mayor rick garland, merrick garland the expected pick for attorney general is not left enough. he also pushed for that 1200-dollar check in the recent stimulus bill t was an odd coupling with racial bipartisanship with josh hawley. that is how shows off his left-leaning tilt as you know. david: susan, thank you very much. congresswoman alexandria ocasio-cortez receiving a warning from the chairman of the

new york democrat party. lauren, what did he teller had. lauren: don't challenge senator chuck schumer, because if you do you will lose. so aoc has been rumored for a long time to be mulling a primary challenge to the senate minority leader. he is a veteran in congress. more than two times her age, loads of experience around popular for a lot of people but jay jacobs told the "new york post," and i quote i think it would be a primary driven by ambition more than need. he is betting she wouldn't be successful anyway. aoc has a strong following, we know that she repeatedly said she wished to see new leadership in the democratic party but does that include herself. david: you know a lot of people still blame her for keeping amazon out. imagine those 30,000 amazon jobs, how vital they would be to new york right now since we have such a job shortage. lauren, thank you very much.

coronavirus cases are surging in california as that state gets ready to extend lockdowns even more but are what we're seeing proof that lockdowns don't work? i will ask tom del beccaro about that. first, bar stool's dave portnoy is pushing money to businesses in need. one of the business owners he helped is urging others to reach out. roll tape. >> i wish every big whale would reach out to barr stool and help everyone they can. david: business owners are reaching out. the fund has helped 30 businesses so far. the update on the amount raised so far coming up next. ♪. (announcer) need to lose weight? can't figure out why those diets won't work for you? go to golo.com, where over 1 million people have found golo

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>> when people need help we always step up this is a lot. i've been shaking down all my rich friend on twitter trying to shame them into donating things like that. it is catching momentum. i'm encouraged. i'm happy about it but i hope it is just the beginning. we really want to raise tens of millions of dollars because there is not enough to go around.

>> the world lifted off my shoulders like you wouldn't belief. anyone responsible for other people's lives. i wish every big whale would reach out to barstool and let them help everyone they can. david: barstool founder dave portnoy was on the show last week, talking about a fund that he started to save businesses that are struggling to survive through covid lockdowns. the barstool fund, that is what it is called, barstool fund, already raised nearly $8 million with money going directly to desperate business owners. so could the private efforts like the barstool fund do more to help america's small businesses than pork-laden bills coming out after dysfunctional congress? let's ask mike gunzelman, fox news 24/7 sports headline reporter. >> hey, david. david: no question in my mind, it is always better than public charity because with public charity you have people spending

other people's money. with private charity you have got people who earned money directly putting it out there. they're much more careful about how that money is spent, right? >> you're exactly right there and here's the thing, congress is pathetic, okay? we've been told that throughout the years but the level of how much incompetence they have shown especially the last couple months during the coronavirus pandemic is astounding and the fact of the matter is congress is supposed to represent the american people. i don't know who they're representing but it is definitely not the small businesses, restaurants, service workers and more. somebody like dave portnoy and barstool sports started the barstool fund is he able to show where and how much people are struggling. he has been able to raise $8 million in 10 days. barstool fun is trending on social media, because the american people are generous helping others but it is frustrating the money doesn't go

where it is supposed to go with congress lining their on pockets. barstool fund, gaining so much traction, you see where the money is going. posting videos of small business owners and more, knowing these people now are having a fighting opportunity and a chance, which is all they want. david: mike, the bottom line you ask the people fighting in congress for, they are fighting for their own re-election. they get reelected using our money trying to look like santa clauses spending other people as money. the fact when you're putting your own money out there you're more careful how it is being spent. very quickly i think of blm, black lives matter, all the billions of dollars they have been getting from corporations when they're in fact a marxist, or started by a bunch of marxists. does that make any of sense, quickly. >> here is thing, lebron james had nothing bad to say about china when they were going after hong kong because lebron james had his own interests there. i would say a lot of athletes

look into the barstool fund that can support local restaurants, bars have been shut or hurting outside of your stadiums and arenas. get money to the people that matter, the american people. they want to live and prosper. forget prosper. how about being able to live? that is all we want. david: mike gunz, good to see you. still ahead, we have erin perrine, john layfield and tomi lahren and tom del beccaro coming up

...

♪ >> i think people know it's not just to get out trades but stakeout trades they've got to get ahead of. >> in the air around they gotta navigate this last little bit of political uncertainty before they can really bring all that money to bear. >> at some point you got to have people producing things. david, you got to have supplies policies aware of the tax cuts? where is the deregulation and the kinds of things that actually make a productive economy grow. >> we are in the holiday season and green and red our christmas colors and i would rather see green then red when it comes to the market. the santa claus rally looked on. >> when everybody was stuck on lockdown they discovered this drug. this drug is the internet trading app. but these apps are doing is giving people who, i would consider novices a lot of them,

borrowing rates at 2.5% and that is less than most people pay for their mortgages. >> it's a bull market. it surprises me, shuns me and the stock me but it could continue. the public is in, insiders are selling but it doesn't matter and the gamblers are in and having fun. ♪ david: we are having fun today as the market on the dow is up 260 points, record it territory all across the board and it's 11:00 a.m. on the east coast and i'm davit as men in for stuart carney. big hour still ahead we got katie mcfarlane, del beccaro and tomi lahren. markets are in record territory and all of the industries are up and part of that reason is because of the covid relief bill that was signed by president trump and signed it over the weekend to 900 billion-dollar covid relief bill and includes a lot of spending as well and they link to these two bills together

bird setting his sights on the upcoming georgia senate runoff the president yesterday tweeting on behalf of two great senators, senator david perdue and kelly loeffler i will be going to georgia on monday night january 4 to have a big and wonderful rally's, so important for a country that they win. trump 2020 pressed medications director aaron, thank you for coming in. was george of the reason he signed his bill last night? >> president trump signed the covid relief package and the funding legislation to make sure that the iraq and people who nancy pelosi targeted for political reason. remember, she held up any covid relief for businesses, for people who lost their jobs, for purely political reasons but he signed it to make sure the american people have what they need while we continue to fight the virus. thanks to president trump and operation warp speed we have two

vaccines that have now hit the arms of over 1 million americans and that is huge and that number will continue to climb as we come out of the coronavirus. david: but the president made no bones about his being extremely displeased by the relief bill as it stood. he thinks the payments, direct payments, should be too grand and said that $600. a lot of pork in the bill as well that upset him. he turned around at the last moment and i think because he was concerned about what happens in georgia one week from tomorrow. >> president trump has been clear, he wanted a targeted measure and wanted targeted relief to the american people and businesses and what did we see democrats and the house do? they rammed through unimportant items that are not helping the american people, like remember here, president trump has fought every step of the way to make sure the businesses and the american people who have lost their jobs can make sure they get through this virus. nancy pelosi played politics.

president trump stood firm and yes he has every right to stand there and say to the american people this is not enough for you and democrats in congress have failed and that is why you continue to see him fight for georgia and that's why you continue to stay and fight out there so we hold the line and do not allow the senate to go to democrats because if that were to happen you would see this kind of unbelievable targeting of the market people by democrats each and every day. david: frankly, again, i think that is the major reason why use decided to get off push congress to a particular direction and focus on what's happening in georgia and let us focus for seconds on that. raphael warnock, one of the democrats running, there has been new video that came out and its disturbing video of a domestic disturbance in his front lawn essentially with his ex-wife. that and other things seem to be going against his candidacy and his running against kelly loeffler read what you think about the race itself? >> both of these races, both abundant against senators perdue

and loeffler are incredibly close and everybody in georgia, whether early voting or voting on election day coming up need to make sure they get out. they need to make sure that these two radical democrats do not get any power to try to represent any american let alone the great people of georgia. it is clear they are radical and the tracks talks comes the boom the economy and gave georgians more money and they want to regulate business and drive it out of this country. they want to stand with the green new deal and the squad. that is dangerous and bad for georgia and bad for america. everyone in georgia needs make sure they get out and vote republican because it is truly our country that is at stake. david: aaron, and that it's not unclear about where you stand on this issue. aaron, thank you. let's bring in john layfield. john, great to see you my friend. stocks in record territory again today and i'm wondering whether the next big mover, either up or down will be that election in georgia next week.

>> yeah, i think it will bid happy holidays to be one's same to you my friend. >> yes, i bet it's a big deal. when you look at the historically what the markets wants, the market doesn't care as much as what the democratic party of what the president has but they don't want to consolidation of power and they since 1933 the markets returned about 9.3% and with democrats consolidation of power it's returned 4% and the lowest scenario of all the scenarios you have of different balances of power and who is president and you saw with the market did the week before the election. president soon to be biden, nothing changed in the polls with wanting the change was a look like the democrats would take the senate and the market tanked the week before the election for the week of the election when the market was off because a look like the republicans were going to take the senate so yes, this is the one thing out there that the market fears right now is if georgia goes democrat is the consolidation of power which

historically has been bad for the market. david: john, even if democrats don't take both of those seats, we still have a situation where the executive power in this country is extraordinary powerful and we saw that happen the way donald trump deregulated a lot of the economy and that led to some of the tremendous growth in the economy. the president of biden even without -- even without a democrat senate could do more to really regulate the economy and will that slow it down? >> i don't think significantly because the committee is overrun by how much dimness we have coming in. anytime you add regulation of the best things bill clinton did was making the small business fairness act which cut regulation at one of the bigger reason for the boom in the '90s, not necessarily the internet. internet certainly helps and president trump, the one thing good thing he has done or couple of good things with the tax cuts in relation has helped the market going back against that would certainly hurt but you got

so much stimulus out there right now, 2.3 chilean dollars in stimulus in the fed as accommodating with low interest rates and looks like we will have a pretty good market no matter what happens in the white house for the next six-nine months. david: six or nine months, short-term future but we will take it anywhere. john layfield, great to see you. happy new year to you my friend, good to see you. bitcoin hitting new ridge weekend over the weekend so how close are we to hitting 30,000? susan: it surpassed 28,000 which is incredible and nearly three 100% rally and were the best classes around an longest monthly and arguably the strongest rally we've seen since 2019 and way surpassing those records at 20,000. the reason, mainstream adoption thanks to paypal, square and bravo hood among those five forms allowing hundreds of millions of users to buy and sell bitcoin and we could see

square and paypal start off with 2% gains on the back of this huge spike to be seen in bitcoin bracing. this is different from three years ago because of the mainstream adoption so it's not just french over seed trading that were seen in bitcoin and the platforms is at 30,000 and is said to be just around the corner but when we get to 30,000 expect resistance and a pullback of ten or 15% but that might be a good tree point as well. david: i think people will go in then. any kind of plot pullback barely there going into that. susan, let's turn to gold, old hedges if you will. it is getting a nice pop or it's up now 80 cents and come down a little bit from its initial pop and maybe some of that is going over to bitcoin but lauren, what's happening with gold? speaker it's up. lauren: it's up three days in a row. it topped 1900 and seen as inflation that's likely to result in stimulus measures and it benefits from a weak u.s.

dollar. it's been a good story recently for those who are investing in gold. david: by the way, warren buffett used to warn against investing in gold and just to put that up there berkshire hathaway has made a significant investment in gold so warren buffett is getting into it and it's worth checking it out. lauren, thank you. let's get a check of the markets. susan, you're watching career -. susan: wall street journal report saying the food deliverer and others in the field like post mates for one could see the growth impacted by a new law in california that will go into effect on january 1. this law will require delivery services to have deals in place with restaurants in order to deliver their food. door dash aside in its ipo filing that 95% of the order volumes this year came in transactions with partnered merchants uber eads says they have deals with 70% of restaurants they deliver from now post mates will likely be the most affected here as a bunch because we only have 20%

of the restaurants listed on their site signed up. door dash of course one of the major ipos in the unicorns we saw this year but next year is going to be big as well so we have other high flyers on dac and that includes the robin hood, posh mark, insta cart and coin base, 150-dollar plus was raised this year and that's the best year since 1999 in a .com bubble era and that would be hard to beat with pretty big names out there. david: great ipo year. thank you, susan. we will stay in california or dealing a lot with the previous couple hours with the right side of our continent but we will move over to the left side but california, petition to recall governor newsom is approaching 900,000 signatures in this as more lock downs are imposed more people are upset. tom del beccaro coming up on that in a moment and what inside report saying the squad may be a thing of the past. will there be a replacement squad on the right or in the

middle? tomi lahren tackles that one and we are looking at the president's foreign policy achievements and if biden will reverse them. katie mcfarland is next in the third hour of varney rolls on. ♪ keeping your oysters business growing

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♪ david: get a good chunk of the markets and they are still blooming on this first day of the week of the last week of 2020 and many people are still saying thank goodness for that. it's a good way to end the day of course we are not at the end yet but it looks like we might end with new records across the board. one of the crowning achievements

of the trump administration was arranging for peace agreements between israel and the government and abraham accords this is something that remember of the incoming members of the incoming biden cabinet said could never be done and i want to bring in kt mcfarland to talk about this. kt, one of those members of the future biden cabinet john kerry who was secretary of state was asked back in 2017 whether or not it would be possible to be deals between arab governments and the israelis without the palestinian authority in the middle and this is how he answer, roll tape. >> arab world is in a different place now and we just have to reach out to them and we could work some things with the arab world and no, no, no. they will be no advance in separate peace with the arab world without the palestinian process and pull us down the mps. david: that was the most foolish prediction made in the past ten

years on foreign-policy because it was dead wrong. [laughter] >> it did not age well. in that clip he is the perfect accommodation, i think, of incompetence and arrogance. the other thing is here is why it would never be significant, every president over the last five, six have tried to make peace in the middle east and peace between israel and the palestinians as their starting points. listen, einstein said the definition of insanity is doing the same thing over and over again and expecting a different outcome. it never lead to peace but it led to more fighting. trump comes in it, president trump has a different approach inside we will not start with the palestinians but start with the guys who have our money in the middle east with the arabs and the guys in the middle east who have a real vested interest in peace because they need peace and prosperity and stability in the middle east to diversify their economy.

david: and they are also scared to death of iran and with president trump we got rid of the iranian deal that obama made which many people said just empowered them and we saw this billions of dollars going towards iran that of course empower them financially and we got rid of that during the trump administration and i wonder if we will go back to that and whether that might undermine these historic abraham accords. >> i think the abraham accords that trade has left the station. in the middle east the arabs and the israelis have made peace. there are now investing in each other's economy and i think they are on that track and the new biden administration which is really just the third term of the obama administration if they come in and say no, no, we'll go back to that iran nuclear deal i think it just makes the arabs and israelis say we better have our relationship even more secure and a security

relationship. david: more important to americans is what president trump did to the isis caliphate in syria, another crazy statement that came out of the obama era was president obama himself calling the jv team and that happened it slightly before they created this caliphate and ended up killing tens if not hundreds of thousands of people murdering them, slaughtering them and that ended with the trump administration's push back and could be go back the battle days of another reestablishment of the caliphate? >> i think that's probably less likely and the only reason that would happen is because the biden administration and powers iran. you set a moment ago they gave them a lot of money in economic support if iran gets rich enough again may decide to support terrorist movements throughout the region and maybe that will return but to my mind the biggest mistake of the biden administration is likely to make is on china. biden has never taken china

seriously. david: let's talk about that because china still has not owned up to his response ability and spreading virus that is killed millions of people worldwide and 3,000 here in the united states and they could release another one but until we get a full accounting for what happened and how they released that virus to the rest of the world we are still in limbo in terms of whether there could be another one and will beget that accounting from a biden administration? >> don't hold your breath. the biden administration will be soft on china and they will let china go back to stealing intellectual property and will not protect the united states economy and will protect american trade for the world and even biden himself said during the campaign china they are our friends, nice guy, not oppressive to the united states but i think the opposite will happen but what i would point out that i think president trump one of his greatest even foreign policy achievements is operation warp speed. you do said the chinese do os

and accounting and they started this pandemic and this crisis. to fix the crisis? americans. american untrue doers, inventors, the free market system that we have vaccines and cures so take out china. david: i wish we would hear the same thing from bernie sanders but somehow i don't think we will hear that. i hope he is not as big influence on the biden administration as he thinks he is. kt, thank you. great to see you again, appreciate it. chinese social media company seen a surge in profits and daily users. lauren, give us the numbers. lauren: stock is down to percent david so this is the chinese equivalent of twitter and they reported 200 tourney part million active daily users up by 8 million in the past year and yes, profitable but the revenue stronger than expected but down from last year and that seems to be what investors are focusing on it right now. expenses rose in their outlook for the fourth quarter

lackluster so this is a loser today. down 12%. david: lauren, thank you. another chinese company taking it on the jane chin, ali baba wondering if it's recovering from his holiday selloff. susan: worst day on record for the stock on christmas eve and losses this morning we are back in positive territory. wall street believes allie bob but is not going to be broken up at least by the chinese government. will it be cap? yes, probably in the statement over the weekend during they return to solely focusing on financial payments and not into banking like microloans and more lucrative towards financial arm and they make more money from those divisions. it's clear that china's richest man in the owner of allie baba has recently fallen out of favor with beijing and apparently he insulted chinese leaders by criticizing their old-school banking ways in a speech in october but china doesn't want

to kill off its own homegrown champions which would impact jobs, stock markets and of course its economy and they do however want to send a message that no one including the richest man in the country is bigger than the chinese, and his party. david: even jack moss. susan, thank you. the revolt in california continues. restaurant caught sending invites for discreet new year's eve party in defiance of the restrictions and then there is that hair salon in stockton there refused to close but officials showed up there on christmas eve and they just won't stop. meanwhile, the depression to recall governor newsom gaining some momentum were all over it in california coming to next. ♪ ♪

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busted after its new year's eve plans were foiled. lauren, this was supposed to be a discreet party. lauren: they were advertising it as a 1920s prohibition style and it was at the posh beverly hills restaurant called [inaudible] and they actually put to paper invite into customers takeout orders advertising the speakeasy type party but look they're getting backlash because they attempted to have a bash on new year's eve when you're not supposed to do that and look, and la county both indoor and outdoor dining are banned. now, a lot of people would say there was no scientific evidence to back up the indoor dining band so that is where the criticism comes but nonetheless, we should not be having a big party right now and they were trying to do just that. david: staying in california armed officers and this is extraordinary rating a california hair salon after it refused to close down over the states covert restrictions but susan, what happens next for them. >> they might be at risk of

losing their license and be forced to shut down. you're talking about the comp hair salon in stockton california east of san francisco bared the employer on 40 hairstylists who have all been working despite the states lockdown orders. a couple that owns that say they're not doing anything wrong and they claim there is no risk of covid spreading in the salon itself. the stylists have not received any federal assisted since march and are just trying to make a living, feed their family and put food on the table. whether or not they will face charges will be up to the local district attorney's office but also remember house speaker nancy pelosi was caught on film in a san francisco salon when lockdown orders were in place earlier this year. david: the two images from the lockdowns both involve nancy flow c and one her getting that lockdown hairdo and the other when she was at her freezer pulling out the ice cream sane lockdowns arnold problem and i can still buy expensive ice

cream. susan, thank you. officials are expected to extend it lockdown orders and parts of california after the state hit 2 million covid cases on christmas eve. tom del beccaro, tom, i think this is proof that lockdowns don't work and the more you lockdowns you have the more infections you have. >> and remember even andrew cuomo way back said that keeping people at home and mixing generations need leads to greater risk. in california it's one-size-fits-all and you have massive la county and with the same restrictions as rural san luis obispo county. california is not working and that is why were getting so many signatures for the recall. david: not only is it not working but the figures they keep coming up and keep saying we got to follow the science but the figures that are coming out show so clearly that they are almost zero cases of transmission and outdoor dining. why is outdoor dining still

band? >> exactly. they say follow the science except for when they don't need to follow the science. the small business that you talked about the hair salons, restaurants they don't actually have the proof and yet these people, for a year now david, have been trying to use survive it and it's not working for them and that is why there are against gavin newsom and going to an expensive restaurant that the average restaurant in the small business person can't survive and that is what is fueling the recall. david: there is political payback and you mentioned the recall is about 900,000 signatures so how many specifically do you need to get this on the ballot? >> we want to collect about double of that but we need about 1.5 million. my group rescue california . just mailed 1.5 million petitions to voters and we are extending a huge number back from that we expect to make a similar mailing in the next ten days to get us very close to the

number we need of people still needing to work hard to get these petitions in. david: how are they fighting back? how are the people that you want to recall fighting back starting with the governor? >> there is in the la times venerable gary cell stead said there is time for newsom to do opposition research on anyone pushing the recall. that would be me, that would be the rest roots organizations so their response is about to ramp up and they will go on the attack against me because i think they should be doing a better job. david: are they talking about when they attack you? is this mccarthy -esque 1950 stop where they will accuse you of everything that is in the book there possible? >> yeah, they say they want to do opposition research or at least that is what newsom has been recommending. so far he's been rather quiet about it and ignoring the recall so we can say for sure he wants to do that but expect them to do on the attack at the la times

writing out beds about how this is too expensive to do a recall that david, they gave 400 million and on the plane with benefits to people on death row and the like and that mistake is okay but we pushing our rights for 80 million that too expensive. david: by the way we should mention they've got this tax windfall from silicon valley and i think there was $21 billion in tax revenue that came in because a lot of the silicon valley comedies have been making out like bandits during the pandemic so they got a lot more money but that money is spent even before it comes in, right? >> absolutely. they have these long-term deficits keep in mind the pension deficits and infrastructure is so many problems in california and that is why people are speaking up and that's why we started rescue california .org. david: we command to point by point but i think the folks in chicago can do in terms of governance with their system. tom, great to see you and thank you for being here. rather than focus on the more

than 50,000 students start learning virtually and san francisco officials there are looking to rename schools like the one named after abraham lincoln himself. fox news audio cowan joining us from san francisco. i thought abraham lincoln was liked by everybody? >> evidently not. david, we are standing in front of what is still called abraham lincoln high school but perhaps not for much longer if an advisory committee has its way because in their view of the president who helped and to slavery did not value black lives enough and his name along with many others needs to go. the 12 member panel is targeting 44 schools in san francisco named after leaders whose actions in the past are deemed problematic by today's canceled culture. in lincoln's case the committee says he was insensitive to native americans and blacks alike. in support of his transcontinental railroad which

led to the significant loss of land and natural resources as well as the loss of lifestyle and culture for many indigenous people. schools named after washington and jefferson also have to go because they were colonizers and slaveowners. dianne feinstein elementary is on the list even though the liberal senator was the city's first female mayor. in 1984 she allowed a confederate flag to be flown outside city hall. before she ordered the flag to be removed. the renaming push his spark backlash from president trump. so ridiculous and unfair he tweeted. and from the city's democratic mayor who says the district top priority should be getting its 54,000 students back into the classroom. >> i am upset. i am mad but i need them to get their act together but we should not even be having this conversation about anything else. >> it is still unclear what that replacement names would be. san francisco school board will have the final say on watch will certainly be a costly project,

$9 million by one estimate and david this in the face of a 600 million deficit here in san francisco and there is still no timeline for when more than 50,000 kids will be able to resume in person classes at whatever named schools they attend. >> president trump saw this coming three years ago and said this would happen. washington, jefferson and lincoln would be targeted so some people did not see it company trade claudia, thank you. tom cruises coven meltdown will not be forgotten in the new year and in case you have missed it here's a repeat. >> we are creating thousands of jobs. [bleep] with mac. i don't ever want to see it again. ever. if you don't do it, you're fired. david: now the star is taking matters into his own hand building a covid secure studio so-called. lauren, tell us more multimillion dollar covid secure mission impossible set that

cruises are poorly building on a former military base in surrey, england. he is hell bent on wrapping up production without further delays. many of the key scenes from the latest mission impossible were supposed to be filmed in italy but then at one point that was the center of covid-19 and then you just heard his rants on some of the people working on the set. he is done with it. he wants us to set anyone's everyone to follow by the roles and wants to wrap up production asap. david: good luck to have been born, thank you. coming up, a new insider report says the squad could become a thing of the past. tomi lahren is here on that. ♪ ♪

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christmas. susan, what's pacifically is going on? susan: santa is here and the reason is december is one of the strongest months of the year for the stock markets. officially the santa clause rally or the game to see in the last five days of the year coupled with the first two days of next year and research says nearly 80% of the time you will see gains in those seven trading sessions up over one and a third% on average and the second past seven day combo of the year and here is the catch, there are six times when santa claus did not show up back in the 1990s and when that happened january is usually a tough month. wall street has been down five out of those six times to start the year and how we start the year also indicates how the rest of the year it goes. it's pretty important. so far so good after games of last thursday which was the official start of a santa claus rally. david: key will be next tuesday in that election in georgia. we will see how that turns out good susan, thank you very much.

so far nearly 2 million americans have received the covid vaccine but many across rural parts of the country have yet to get the job. jeff flock joining us from chicago per jeff, why did the delay for rural areas? reporter: outside chicago, in rockford, illinois and this is something called heritage woods, long-term care facility. rockford about 90 miles out of chicago. apparently people will be waiting for a good long while. i got the administrator of heritage woods here, jackie o'keefe. they tell you you will not get your shots here until, february is it? >> yeah, anticipating four-six weeks. reporter: that is despite the fact that many states today are starting to inoculate people in long-term care but you will not get yours. >> no, according to our partnered on pharmacy they have not been given the release for it to start vaccinating.

reporter: david, this is happening in rural communities but look specifically at long-term care facilities, look at the numbers on this. the lions share when it comes to percentage have been of deaths in long-term care facilities, hundred thousands 40% of them feel as though and you are supposed to be on the priority list, right? >> yeah, absolutely. it's exciting for residents to think that they were going to be first in line and now they are being pushed back. reporter: they are still under lock town. i don't think if you can see that this is typically bustling at this time of the morning with people eating and all those things but their unlocked arm here. i will tell you when you look at the numbers with another thing important to show you when you look at the number of deaths versus the number of people that get coronavirus in the general population is about 1.74% of people they get it or die from it in long-term care facilities

of 12%. jackie o'keefe making the plea this morning help. >> i have to make sure our residents know they are still a priority and if there is an opportunity. reporter: anybody anyone can do, david. david: it is not just the deaths but those families of the folks in those facilities that are dying to see their family members they are and they can't because they are not vaccinated per jeff, thank you. very important report. nashville taking yet another hit this year. it's been a hard year for nashville after a lone wolf explosion destroyed parts of the city. we will talk about the hero police officers who risked their lives, ran into the fire, nashville resident tomi lahren is here on that coming next. ♪ ♪ welcome to silversneakers, are you ready to get moving?

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three days later. at&t is waiving wireless data overcharges for the effective customers in seven states, tennessee, kentucky, indiana, alabama, georgia as far as illinois and missouri. they are waiving those charges through the end of the year so sad story, christmas day out of nashville but still customers seen service disruptions, at&t working to reconnect power to all the critical equipment that was damaged. david: that's the least they can do because those people have suffered a lot. lauren, nashville's mayor saying the suspected bomber was targeting the city's infrastructure so is that why it was intentionally done? lauren: mayor cooper on the sunday talk shows that it feels good has to be some connection with that at&t facility and the sight of the bombing prayed this is what we do note that the suspect anthony warner was an information technology contractor. sources say he had experience working with alarms and electronics. ports that he was paranoid about 5g being used to spy on the u.s.

we may never know the motive that authorities are investigating why he parked the chock adjacent to that large at&t facility, was it coincidental? or intentional? mayor cooper is going with the latter. david: thank god no one was killed except for the bomber himself. lauren, thank you. common tomi lahren but tomi, this is your city and it was a terrible year in many ways for nashville you had the tornado, your floods, you had the pandemic lockdown and you had riots and then you had this to end the year. but the spirit of nashville i am told by my friends who lived there still strong, no? >> i tell you i've only been a nashville nine months but ever since i have been here i can tell you this is a strong city and a resilient city and as you mentioned the tornado, the pandemic, the ongoing lockdowns, 34% property tax increase given to us by our mayor cooper that you just mentioned and now we've

got this explosion and still so many on ash and questions. they are still waiting for more on this because a lot of us are still searching for the truth but this is a resilient city and we love our law-enforcement and love our neighbors and we will come together once again. david: this year has tested so many cities but nashville is just the most recent obvious example. let's move to what is happening with politics in america. there is some washington insiders and am always suspicious when i hear this washington insiders say but they say that the squad could be a thing of the past because of the moderates in the democratic party buried what to think of that? >> you know, i disagree. i do think the squad will be a thing of the past but it's because the not going to seem so radical which is my real fear. we saw the introduction of aoc, ilhan omar, they were the radicals followed by a lot more democrats that seemed far more moderate but now i think with the new democratic party they will be called to be even more radical and nancy pelosi will

seem like a moderate and i think it will get worse from here. i'm glad the squad is a thing of the past but i think they are the new role models and the new standard for what we will see in the next years until we take it back. david: i think proof of what you're saying is what we heard from jamaal bowman. he's a newbie and his common from new york and will be a new member of congress. he wants to join the squad. i think he's already a member but he said capitalism is slavery. he's way out there with marxist rhetoric and more than socialist. >> that is exactly what continues to happen in this country. the goal posts keep getting moved to the left so now all the radicals seem to look like moderates. we just keep going further to the left until we have a president trump who gave us hope but regardless of what happens on inauguration day republicans and conservatives we will fight and never become socialists we will always been the greatest nation on the face of the earth. david: we just had this coming

in, the number of voters of early voters in georgia and that key senate election is a week from tomorrow and 2,000,126 people voted early in georgia so how does that affect the chances of republicans or democrats? >> typically early voters tend to skew more democrats but this year has been odd for everybody when you consider the mail in voting and the different voting protocols across the nation. everybody is looking at georgia and we are just hoping conservatives realize what is at stake here, not just in georgia but around our nation and we have to make sure we maintain freedom and make sure that we maintain our capitalism and conservative values and make sure that the aoc's of the world do not become our new poster children for what the usa is. georgia is a big deal for it all eyes on georgia let's just hope they make the right decision. david: very quickly, my guess is it's a split decision that ossoff wins and were not the other democrats loses but what you think? >> i'm holding strong privacy georgians will make the right decision and we will go ride and go republican and save this

country but it's our last chance to do so. i think we will win both. david: just for the record democrats have to win both of those races in order to gain control of the senate. tomi, great to see her but tomi learn, appreciate it. best to nashville. we have more varney right after this. . . - as the original host of "wheel of fortune"

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back in 1976, we had a wonderful contestant named lee, whose 3-day winnings were valued at $12,850. and you know what? that was a pretty big haul back in 1976. so i wonder what would have happened, if lee had put $12,850 in cash and then put $12,850 in gold in a safe? just sitting there side-by-side from 1976 until now. well, i went back and ran the numbers and what i found was amazing. we all know that $12,850 in cash would still be sitting there, but it would be worth a whole lot less than it was in 1976. but that $12,850 in gold, safely stored away, it's worth $135,000 as of the taping of this commercial. now that's more than 10 times the original amount. - [narrator] if you've bought gold in the past, or would like to learn more about why physical gold should be an important part of your portfolio,

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territory. all trading above 3/4 of a point or nearby there. jackie deangelis is here to guide you through the next two hours. jackie: thank you, david. we're here. i'm jackie deangelis in for neil cavuto for the next two hours. we're coast coast to coast. on california where a celebrity hot spot is in some hot water for some new year's eve plans. we have details coming up. to nashville where officials are working to find the motive behind the downtown bombing on christmas eve. a live report from nashville this hour. first our top story of the day president trump