dagen: that does it for us. "varney & co." starts right now. stuart, welcome back. stuart: nice to be here. good morning. first trading day of 2021. what we have? another surge in stock prices, kind of like a replay of late last year , the everything rally, everything is up. dow jones up 7% in 2020 and up again this morning: not far from 31000. s&p also closed out a strong year with another record high and it also will move up of more after today's opening bell. no know how will close, but up at the open. of the nasdaq, a huge 43% gain in 2020 and now it's getting kind of

close to 13000. bitcoin is actually down today. well, depends which closing price you use. it's showing up in $2700 , 9%, $32000 per coin. please note it hit $34000 over the weekend, so down from that level, but basically it went straight up, did it not? this monday morning politics is closely linked to money because tomorrow voters in georgia will determine which party controls the senate. the feeling is if democrats win both seats they can introduce taxes and regulation that will hurt the economy in the market. late polls and the betting markets suggest those rates are-- races are tight. there is a complication. saturday, president trump called the georgia secretary of state and urged him to quote find

votes that would flip the state to a tropical win. how will voters in georgia feel about the president pressuring a state official from its own party? mr. trump goes to georgia tonight and supporters are lining up already. 3 million have already voted. the outcome will have a big impact on the market and on the power the biden administration will have in the senate. nancy pelosi has 18 fourth term as a speaker , however her majority will be the smallest in a century and democrats in the house are sharply divided. she introduced new rules for the house including the banning of gender specific personal pronouns, no more mother and father, son and daughter, brother and sister although it will be parents, child, sibling. got it? wait until you see what happens with the chaplain try to apply that to prayer. we will show it to you you will laugh for

client-- cry, just don't throw anything at the tv , please. "varney & co." is about to begin. ♪ stuart: inevitable that they would play a song like that. you will see the whole company all back together again as of today this monday morning. i went to get to this. you may about four cry, but i want to get there. the prayer to open the 117th congress sunday night. just listen closely to how house democrats ended the prayer. roll tape. >> ask in the name of god, allah and god known by many names by many different faiths, a man and a woman.

stuart: what? did you catch that come in the congressional prayer with a man-- a man and a woman. we will have more on that later, i promise. let's get serious from the gecko. keith fitz-gerald is with us this morning. there's plenty of green, up 100 dow jones. keith, have to tell you, this just reminds me of 1999, a sharp upside move in ipo, bitcoin, speculation, a roar of speculation. doesn't seem to to you like 1999? >> you know, it's more like a highbred, 1999, even 2010, we have the late cycle, a bit mixed in and the difference now is we understand the internet and how to create value. we understand from the beginning of digitalization, so i

look at it as a set up for the next 10 years rather than fear. stuart: you are not worried we will have a repeat of the early 2000's when the market went straight down? you're not worried about that? >> not if i do my job properly. there are always variables to cause that, it am i worried? no. stuart: what would you do if tomorrow the democrats win both senate races in georgia? >> tomorrow i think there will be knee-jerk reaction if that's the case. i think it's a foregone conclusion that they will away-- win, but i think the real danger is when they put pen to paper in regards to tax and business reform. that's when i think the market will wake up and take notice. stuart: keith fitz-gerald this morning is bullish for the rest of 2021? >> i am absolutely bullish particularly in the latter half of 2021.

if we get vaccines out we have lots of people who want to get out and need to be out. the world will recover and i think it sets up a roaring and to the year. stuart: thank you. we appreciate your input. either way, that brings us to the following story because there are reports of alarming numbers of healthcare workers refusing to take the vaccine. here in new york, the state has not administered about two thirds of the vaccines available to the state. joining me now is hhs secretary alex azar. mr. secretary, why are healthcare workers not getting vaccinated? >> we have seen some isolated incidents, but i have been in the field and seeking healthcare workers get vaccinated and breaking down in tears as they have been so happy. my message to our governors would be as they make these calls you cannot over micro magic these prioritized groups took this vaccine

is not meant to be stored. it's meant to be administered and get it out to our vulnerable people, if you need to get it out to those over aged 70. get it administered. stuart: vendor has vaccine dose could be cut in half to administer more shots. are you in favor of that? >> we are looking at the data and if there is science and data and fda's golden standard is it met then absolutely, but it will have to be fda looking at the data to make sure. stuart: when does astrazeneca's vaccine arrive here pick they started giving jobs in england. what about here in the qs medical trials are enrolled and we are hoping it could be any day or week from johnson & johnson or astrazeneca that we could see cases. we don't want to see more cases, but with only cases in the us and actually speeds up the clinical trials so we could see data and if if

it's positive they could go into the fda for authorization, but as you know it's sort of a black box until we get data readouts. stuart: doctor anthony fauci hints that we could see more lockdowns under a biden administration. roll that tape, please. >> the idea about walking down a something you might have to do, but you want to avoid, so that's not out of the question. we hope we don't have to do with countrywide because we feel that if you adhere to the public health measures, you can turn things around short of a uniform lockdowns. stuart: we are all worried, mr. alex azar because a countrywide lockdowns even if it's a remote possibility scares the devil out of people, investors and the economy. >> it's unnecessary and causes incredible harm, not just to the economy but to human health. doctor anthony fauci has talked about this, we have the tools to keep

from walking down and that's washing our hands, social distance and worried face coverings. if you are at risk meaning over 65 or have a serious medical condition and you get a positive diagnosis, ask your health care provider why are you not putting me on these antibody therapies right away and a second, if you are eligible for vaccination, get vaccinated those are two things you can do to help keep case counts down and keep people from wanting to lock us down. stuart: would you be at all disappointed, would you say you are at all disappointed by the current state of the rollout of the vaccine? >> no, in fact, the fda just approved these vaccines days before christmas. we met the commitment we made to have 20 million doses available, but there will always be a lag between available, distribution,

administration and data reported. we are seeing upticks. in the last 72 hours, 1.5 additional doses administered and i'm hopeful working with the states and their leadership that we will see continued very good increases in the vaccination rates. stuart: hhs secretary, alex azar, thank you. always appreciated. now, the vaccine astrazeneca's vaccine has now officially rolled out in britain. lauren, tell us who got it first. lauren: 82-year old man, stuart, a dialysis patient named bryant tinker. more than half a million doses of the astrazeneca vaccine is now ready in britain, the first country to approve it. infections they are as you know are topping date-- 60000's a day with more restrictions likely coming. overall, 100 million doses of a shot-- look, it's easier to transport , easier to store than pfizer and you don't have to freeze it meaning they can give

it to people outside a hospital setting, so overall uk approving and dosing to vaccines to eventually go in the arms of all 66 million residents. stuart: i notice in britain the stock market over there is up about 3% on the news and also because britain is now out of europe. thank you. checking futures, we have astrazeneca up 2%, dow jones up 100, nasdaq up to 50, s&p up 14, that's a monday morning rally to start the new year. control of the u.s. senate hinges on it george appeared down to the wire, both president trump and joe biden will hold rallies there and markets are playing extremely close attention to this are quite not? it's about control of the united states senate policy going forward. on your screens with the five democrats who oppose nancy pelosi for house speaker. they are not the speakers only problem.

the squad is back with two new members. sure looks like a divided democratic party in the house. we will have more on that next. ♪ time to start brushing with parodontax toothpaste? if your gums bleed when you brush, the answer is yes. the clock may be ticking towards worse... parodontax is 3x more effective at removing plaque, the main cause of bleeding gums parodontax

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i understand, let's get started (man)oman) what is happening to my body? (woman) i don't want to look like this anymore. (announcer) you may be suffering from insulin resistance. measure your waist. females measuring more than 35 inches and men measuring more than 40 inches may have insulin resistance. release effectively combats insulin resistance and will help you lose weight safely and effectively. release: available only at golo.com. stuart: fourteen minutes till the opening bell. we are going to up. don't know how we will close but there is a lot of bullish feeling out there. susan's back. which groups of stocks are likely to do welcome to think financial bank, leisure, hospitality along with energy, so the underperformers from 2020. a lot of bullishness

headed into 2021. average wall street bank forecasting 39 for the s&p 500 for the end of the year so up another 4% from today's level, but the bullish bracket, goldman sachs, j.p. morgan bullish forecasting double-digit rallies for the year with stimulus, divided government meaning no new tax highs and a recovery in the us economy. let me ask this, paul show the democratic candidates are leading in the georgia senate races with the bullishness in the way we are starting off 2021 and the mentality of gains, do you think people are too complacent? stuart: may be a little because i have seen the same polls in the betting markets. he's ahead in his race. maybe it's time to take notice of that election and we will because it's a crucial runoff in georgia tomorrow and by the way we had this new

factor. a leaked audio, leaked audio of a phone call revealing president trump or georgia secretary of state to quote find more votes. listen to this. >> i just want to find 11780 votes, which is one more than we have because we won the state , so tell me, brad, what we can do? we won the election and it's not fair to take away from us like this. stuart: joining now, bradley:, republican strategists. the republican-- the president is pressuring a republican official in georgia. how will that go down with the georgia voters? >> i don't think well. when we are coming down to the wire with tomorrow election day people will be thinking about, why am i voting today, and my voting for the majority of republicans to control the senate when they didn't pass a stimulus

bill on covid when they are asking for the state to-- those that were certified to be overturned. this should be about the difference between republican policy and democratic policy, socialism versus capitalism and its not coming down to that. they are talking about everything but the issues that are likely to turn that election and with the democrats ahead it's all about getting out the vote. it's an off year special election and that could spell trouble for rescued in the senate. stuart: this may be more trouble, 3 million people have already voted in georgia and 117,000 votes-- voters who did not vote on november 3. that must be troubling for republicans also. >> no doubt about it in the good news is that history is on our side. with regard to special elections in georgia, republican candidates fare better in the general election than the democrats did. having said that, it's all about the next few

hours. i will tell you that we possibly won't know that election results tomorrow because of the counting of the mail-in ballots, which will cause additional frustration and there will be rumors as to the outcome of that election, i am certain. stuart: let's move on. on going to show you the five democrats who oppose nancy pelosi has house speaker in the vote yesterday, five voted against her. we also have the squad back with two new members. looks to me like there will be a lot of democrat infighting and by the way, speaker pelosi is keeping eric's wall well on the intel committee, so on the one side you have troubling news for republicans in georgia, but on the other side you should be pretty happy about what's happening in the house with speaker pelosi. >> no doubt about it. the speaker hung onto

the speakership by the skin of her teeth and her opposition has expanded the on the caucus, the far left to the moderate democrats, so she's going to have a world of hurt next year rather than this year in dealing with her own caucus and having said that, what if the democrats it do take control of the senate? her problems are diminished quite a bit because it she has the flank of the senate to help her, so if the republicans get the senate, then her world gets turned upside down because she's going to have a hard time hurting her cats when it comes to legislation. stuart: it's going to be difficult to get any radical legislation through, anything really that moves the mark because you have closely divided senate and a closely divided house. you don't get radical legislation through the situation like that, do you? >> correct, but you get a stalemate where nothing seems to get done. some will say that's

better than the alternative, but we need to get america moving again in light of the pandemic, in light of our debt load and in light of the things that need to be taken care of for the average american, so stalemate isn't good for america. there alternative having democrats push their generational legislation that could forever change america, we are in a tenuous time in america i would say over the next two years. stuart: brad, thank you for joining us. looking at the market again, we are seven or eight minutes away from the opening bell on this monday morning. we are going up with plenty of green on the left-hand side. back in a moment. ♪

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stuart: again, plenty of green left-hand side of the screen. looks like a modest rally. john layfield, our market guy this morning joins us. everyone is bullish, john. keith fitz-gerald this morning, huge rally at the end of this year and susan went through the investment committee is on wall street, all of them, big-time rally coming.

what is your prediction for 2021? >> i am in that camp. i am mildly bullish. i don't think you find the fed and as long as the fed is telling you to invest in the stock's and it doesn't look like the fed will change their outlook sent, the differences you won't see such a narrow group of leadership, you know just tech stock in online stocks leading everything going forward. i think you will see sector rotation, but i think you'll still see money going into the markets. russell small-cap index was up at couple percentage a couple months ago because you are starting to see money stay in the market because of the fed policy low interest rate and a global recovery, but you are starting to see sector rotation it appears. stuart: you aren't worried it's a bit like 1999? >> no, i'm not because i don't think we have something like that. you have 1999 and irrational bubble, i

think, because of what the anticipation was of what the internet could be. these big tech companies are making billions of dollars with hundreds of billions of dollars and i don't think the comparison as far as tech companies is apples to apples and i don't think the bubble is true because of the fed, i mean, stuart, our savings rate right now in the us is double what it normally is telling you there's pent-up demand. we think it will be a kid to the end of world war ii or world war i when the vaccine starts to roll out. stuart: i can hear you but i'm just worried about these spats, nearly 300, ipos going to the moon on day one on a number and bitcoin hit $34000 over the weekend. that makes me a little worried that it's a bit like 1999 all over again , so would you buy bitcoin or tell your clients to buy it? >> those things you just mentioned i worry about as well. you are very sane to say that's a worrisome fact

when you have a bull market. you have things that happen with all these that probably don't make a lot of sense and as far as bitcoin it has a lot of institutional investors right now and is become the new gold in a lot of ways as a save trade but it also has a transactional component. the difference in bitcoin and i would not buy bitcoin right now because i think there will be a pullback because of the fact we have global recovery and not as many people had to go to safe havens of not as many people-- there are alternatives to bitcoin in the avenue the-- average transactional cost of bitcoin right now has been $127,000, the average transactional fee is $9 and that's great if you are an institutional investor, but not if you are trying to buy starbucks coffee. it's a legit asset class, i just think right now where it looks like there is institutional support in the low 20s.

stuart: i am waiting for that day. thank you, john. here we go, about to ring the bell in a couple seconds. it's a monday morning. january 4, the first trading day of the brand-new year, 2021. you may hear the expression lolling 20s coming up today. we are up and running with the dow jones right from the start 30660, that's the level of the dow jones as we speak. that's a new all-time high for the dow jones. i think we have a new all-time high for the s&p 500 which opened a fraction higher with 13 points up, a new high. show me the nasdaq, please. of 43% in 2020, of another half percentage today. the nasdaq is real close to 13000. who would have thought we would get there? that's a new high for

the nasdaq. quickly, player system, not sure that pronunciation. boring, who's buying them before teledyne, they make sensors pick this is thermal imaging sensors, think crohn's. they are used in defense. it's a big market. first trading day of the year, one of the first deal this year. it's also an industrial -- they also make sensors and they think they can get this through the biden administration because they are sensors use a different wavelength with price tag $8 billion and like i said it's one of several deals we are seeing and i will have more in the next one in a bit. stuart: we will get to that in a second. i went to look at tesla, sales jumped 36% last year they only missed their production target

-- susan: not by much, 50 cars, that's nothing. record year, record quarter next year will be even better with berlin and austin factory set to come online in 2021. shanghai will ramp up more and tesla offers to undercut the competition in china by pricing their vehicle cheaper to get more sales there and it starts at $52000. maybe you will even by one. tesla has had success by underpricing its model three so tesla should have another blowout year with deliveries and while you were gone tesla surged closer to 730 which is where goldman is putting it. and went to show you the electric car stock of the moment. have you heard of this? it went public in november, bigger than ford, no sales but it's backed by bill gates and

volkswagen and worth about $44 billion. stuart: down 44%. susan: its run-up 100% in the past 30 days or so. stuart: that's what i'm saying, when they go up like that it just reminds me of 1999. susan: in this case may be no sales yet, but the majority of the stock has actual sales which is different from what you saw in 2000. stuart: true. now tell me about neil. they had a surge in sales in december. susan: doubling from last year and deliveries delivering over 7000 vehicles in december. look at another chinese tesla rival, delivering four times the cars they did last year. the auto delivering six times in these talks have rallied as much as a thousand%-- two but they are also the hot stocks on the robin hood daytrading brigade. stuart: but, they have real results, real. susan: a real business.

stuart: by the way we just turned it negative for the dow jones, down 20 points. alibaba down 2.7%, quite a loss. there are reports jack mark-- jack mark china's richest man. susan: there's chatter that he skipped his own reality tv show. people are whispering where is he peered the stock is down over concerns that we have not seen him for the past month or so. we know effeminate of time dealing with beijing canceling its record-breaking ipo, criticizing alibaba beijing is criticizing alibaba for being too big and influential. there could be rule changes. jack ma has personally lost $12 billion since his troubles began, still richest man in china, but given there is a history of rich and powerful chinese billionaires disappearing in china

speculation starts when they have not been seen for a while. with my own conversations within resources, jack ma is just laying low. stuart: a difference between disappearing and staying quiet. susan: laying low as you would in these conditions with bad pr. stuart: one more dealing health industry, 17 health insurance is buying magellan health. tell me more, lauren. lauren: the price tag is $2.2 billion, but it is such a sign of the times. they need to beef up their mental health services because of covid-19. people are dealing with repercussions of it and in the press release they say to in five americans are currently with some sort of mental or behavioral health issue as they deal with the pandemic, so that's one of the big reasons behind this deal and magellan shares are up double digits because of this.

stuart: sign of the times. thank you. let's go to the movie chain amc as they plan to sell even more stock. they are trying to avoid bankruptcy and they need the money. ashley, good to see you. how much money are they looking to generate? ashley: hello. they are looking at raising $125 million through the sale of 50 million chairs at $2.50 a share. they will need more than that. in a filing with the sec , amc says it will likely run out of cash this month and be forced to declare bankruptcy pick the latest move adds to the 200 million shares registered in early december which has so far generated around $104 million, but amc says it needs to raise 750 million to stay afloat through the end of this year. of the stock is down about 70% over the past year. it's a real struggle until we get back to normal. they are just trying to hang on.

stuart: they are just trying to hang on. failed mobile streaming of quibi, they will try to sell their catalog to a formal rival. who may be guys that stuff? ashley: the answer is roku, the popular streaming player getting into content as well, reportedly advanced talks with quibi to put their shows on the roku channel. quibi launched at the height of the pandemic. its high quality short, 10 minutes apiece were designed for people on the go, but they were not on the go as they were stuck at home in a lockdown. no price tag given to this particular deal, but a sad and short story much like the short stories on the apps for quibi. stuart: markets have turned south pretty much across the board with the dow jones down 60

points i think that-- i'm not sure the nasdaq is down-- yeah, they are all down. this could be something to do with the georgia elections tomorrow. president trump, joe biden go head-to-head with dueling rallies today in georgia. the polls in the betting markets are now looking to the democrats to win that's very important. if they win, all hell breaks loose and the democrats control the senate and that's a very big deal. we will talk to leo terrel who has been campaigning in the state. he says if those two senate seats in georgia go blue the country goes of socialists with a dire warning coming up. there are signs many californians are rethinking politics and that starts with the democrat governor gavin newsom. i will explain that on my take at the top of the 11:00 o'clock where.

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stuart: uber had a pretty good year of 2020, at $51 a share with the new price target. susan: as much as 3% in the premarket, so it's a reopening seem according to the investment banks, maybe not pre-pandemic level, but dortch's bank calling it an $80 star, upside. it has come back from ipo price offered at $45 stuart: took a long time, but it back. $51 right now. show me apple, please. what is this about them working on a new phone design? susan: foldable phones could be

coming from apple. stuart: affordable-- foldable? susan: yes, foldable iphone prototypes have apparently passed durability test. similar to the samsung gallery flip which opens on a hinge. apple has received patents for these foldable phones in 2017. try to say that 10 times quickly. we could see them in 2022 or 20 threating three-- 2023. apple is likely to see incredibly strong sales over the holiday. up over 40% from current level. stuart: would have to go up another 40% and then it's worth $3 trillion? susan: closer to 180. stuart: that's a heavy lift.

thank you. the screen actors guild recommending productions remain closed, hollywood to remain close. they wanted to stay closed for at least two more weeks. jeff sica, our entertainment guy of the morning. what are these people thinking. there's already a accidents-- exodus out of hollywood. what do they want to close it down more for? >> california has become the people's republic of california, so regulation is the name of the game and gavin newsom and his cohorts are begin to regulation, so the screen actors guild representing 160,000 members made a decision to halt production primarily because they do want to bring the liability on a lot of the companies that are filling me in hollywood, so as you said before, there's been an exodus out of

hollywood going back years where filmmakers, producers, directors found that they can go to places like budapest or prague or new zealand and make films for a fraction of the cost. now, there's proposed heavy regulations, heavy restrictions and they are going to do it in the guys are protecting actors, but in reality they are just driving more film companies overseas and it's really going to hurt the 250,000 people who are part of the creative economy of california. stuart: why should it come back, i mean, if they have this exodus already in progress to other states and other countries, why would they come back? i mean, what hope is therefore hollywood to to reemerge as central production? >> what the state of california does is throw the film industry crumbs

and these tax incentives, but they still highly regulate them because it's so expensive with the union and everything else and finding sound of stations-- stations could the only incentive for them to come back is what every actor and producer and director once, most want is they want to film in the us. they want to film in their backyard, but california can't get it together. it will cost you just a -- it will cost about a million dollars just to adhere to the covid protocols to make the film. if you are a big film, you can afford that, but if you are normal film that's a lot of money to spend a. stuart: jeff, back in the day, not that long ago you recommended bitcoin. you said by that thing and i believe it the time it was about $5000. now, it's $32000 and you said it would go to

$30000. give me a prediction, where is it going from here? >> first, when i said that it was under 5000 and when the financial institutions embraced at the floodgates would open and where i see from here is at 40000. what bitcoin is showing us his first off, people have lost faith in government and they don't trust central banks. they are plowing money into bitcoin to get it away from the erosion of the us dollar. they want to protect their buying power, so you will see more institutions plowing into it and it will move up, but take your motion sickness pills because it's going to be a wild ride to. stuart: dramamine is my kind of thing. thank you. we will see you soon. 40000 on bitcoin, jeff sica. nancy pelosi barely clings to a fourth term as speaker.

her rotor head won't be easy because the majority is now the smallest in a century and that's not all, the squad is back in action with two new members. the party is a split and shortly that won't help get any legislation through. you appear more about that in my take in the next hour. ♪ (woman) i don't want to look like this anymore.

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go online to golo.com. once again, that's golo.com. stuart: on the markets is still heading south. we got some pretty good news on the manufacturing sector and that momentarily lifted the stocks, but then they started moving south again i think the reason for the selloff is new polls and that that he markets adjust the democrats look strong in the two senate races in georgia tomorrow, not good for the markets if democrats win is what we are told. tesla, a shining star up another foreign half percent. record all-time high for tesla stock. a little different here, we asked ashley, susan and lauren for the economic predictions for 2021. i am out of this, but ashley, you are first.

ashley: virus won't go away this year, but vaccines will be widely available by the summer, i think, so from an economic stamp i i think it will be gdp picking up strongly in the second half of the year. we will see a wave of pent-up spending on travel, entertainment goods and services. a gdp conservatively hitting for to 5% in the second half and also the fed will keep interest rates near zero pumping about $120 billion a month into the economy. lots of cheap money, still available, jobless rates falling below 6% in the second half. bring it on. stuart: ashley is a roaring 20s kind of guy. how about you, lauren? lauren: not that bullish, but i think we will have another double-digit gain in the s&p 500 this year. that would be three years in a row of the broader market going up double digits.

it's all about driving the momentum. it defies logic sometimes and i remember last week the story is vaccinations are behind a schedule yet the market advances. that could continue an ad in earnings to improve the overall economic as a favorable backdrop. stuart: not roaring 20s, but bullish nonetheless is lauren. susan? susan: average wall street forecast calling for the 3900 for the s&p by the entity or, not exactly bullish but we know it's likely still powering ahead. i don't think there will be a huge rotation from tech to value because the vaccines that are slower so maybe recovery will take longer to bitcoin i think one of the stories of 2020 and likely to be bumpy and volatile but expected to go up maybe even 50000 level in real estate and big city will come back

maybe not pre-pandemic levels of before the virus, but some say new york and san francisco aren't dead. stuart: you didn't really answer the question. are you bullish on the stock market for 2021? susan: we are not allowed to give the predictions. stuart: they did see two i can tell you wall street is bullish. stuart: i know that's what you said, but what about you? susan: i met pretty bullish. wouldn't you be? stuart: roaring 20s, pretty bullish, got it. on your screens, what's ahead, arizona congressman andrew big, leo terrell, charles payne, the second hour of "varney & co." is next. ♪

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♪. stuart: well there you go, why not a little frank sinatra. talking about new york city to start things off. it is 10:00 in the morning, in new york. 7:00 in california. we've got a big show for you. here we go. dennis gartman, doc siegel, andy puzder, leo terrell, all this in hour. the 10 hour. 11:00 hour, charles payne, stephen moore, hogan gidley. i problem is you a big show.

we started with a rally when the market opened half hour ago then we started heading south. and we're still heading south. but a lot of red over there this morning as of now. now we just got the latest read on construction spending. lauren, tell us what it is and see if it hits market. lauren: increasing by .9% but the october number was revised higher to 1.6%. some people in the market, supply is low, builders are continuing to build that is going up. stuart: no impact on the market we're still down 100 on the dow. i will explain the selloff, we saw it right after the opening bell. i will explain it like this and there are polls and betting markets which suggest that the democrats could win both senate seats up for grabs tomorrow in georgia. that would be a negative for the market.

because it will probably mean more taxes on individuals and certainly on business. that's where we are. down 113 on the dow. now this. first came speaker pelosi's announcement that in the house of representatives gender-based personal pronounce would no longer be okay. let me put that into english please. no more mother or father, son or daughter, sister and brother. oh, no, they are gender specific and not to be even uttered. instead it has to be parent, child, sibling. in the middle of a pandemic will that make us all feel better. to me, it is just plain silly. then, wait for it, then came this. roll tape. >> we asked in the name of mon owe theistic god, and god known by many names by many different

faiths, amen and awoman. did you scratch that? no gender specific language. so amen becomes awoman. what? this kind of men sense makes this laughable. this is totally inconsequential and it is. i will sums up the failure of speaker pelosi in the last year, she cast consumed bring trump trade head nothing got done. elected to a fourth term yesterday, she will have a hard time getting anything done in the future. her majority is the smallest in 100 years and her party is dramatically split. the socialists grouped in the squad added jamaal bowman and cori bush to their ranks. the speaker ban on gender specific pronounce is an attempt to buy off the woke generation but it is not going to work. to get stuff done, the speaker

needs a solid majority. she doesn't have it. it only takes a few defectors to kill legislation. so here we are, trying to roll out virus vaccines, trying to get the economy back on track, with a gridlocked speaker reduce towed banning gender specific personal proannounce. that ladies and gentlemen, is absolutely laughable. and that is my take. congressman andy biggs, republican from arizona is on the show as of right now. so look, you got to be looking forward to the elections in 2022 because the democrats in the house are utterly split and there is no controlling these socialists? >> yes. stuart, i will tell you, that, that gender issue is so hilarious but for this, what it demonstrates, symbolizes is a serious problem in leadership. the other rules that are there that you didn't talk about that will hamper us is censorship. they want to have committee censorship, so if i say

something that they decide is fake news or something like that they want to be able to go after me and attack me. they're easing the rules up for the squad to get the greene new deal all those other issues through the house. so the next two year are going to be a real donnybrook trying to keep them on the straight and narrow to respect minority party rights and freedoms of americans. we have to take georgia tomorrow. we have to fight back and retake this place in 2022, to restore some sanity i think. stuart: i don't see how you can get any kind of radical legislation through the house of representatives as it now stands. it is completely divided. speaker pell -- pelosi's majority is divided you will not get major legislation through the two years? am i wrong? >> she didn't get a majority of the house. your instincts are right.

things really radical like the election reform bill they warranted to do last time, i think that has a chance to get through and that will be very detrimental to any republican trying to get elected because it is designed to prevent that from happening. but things like green new deal, they're going to try to parse that out and get it, put it in budget bills, mdaa bills, bills that are must-pass bills, they have will try to use it that way. whether it gets to finish line in the house, i'm not sure. it will be close. it only takes 218 votes, stuart. so if they can buy them off, yeah, we could be in real trouble. stuart: extraordinary times we live in, even in 2021, congressman andy birx thanks for being with us today on momentous day. we appreciate you being here. >> thank you, stuart. stuart: back to the markets. plenty of red, headed further south,down 150 for the

dow industrials. dennis gartman our markets guy, dennis? you're worried about a democratic sweep in georgia, aren't you? >> i'm very much so. the numbers switched rather dramatically in the past 48 to 54 hours. if you asked me last week i would have said probability is odd that republicans will one seat, lose one seat, maybe even win both seats. now it looks like they're going to lose both seats. if that happens that will be deleterious to the economy, dell terrorist to the country. terribly deleterious to comments on pronouns? amen. >> thank you very much indeed. try to quantify this. if the democrats win both seats in georgia tomorrow, in tomorrow's election what happens to the market tomorrow and wednesday? >> well the first thing is all of the committee chairmanships go to the democrats.

imagine having mrs. harris and others like her becoming committee chairman? that will be tear bring disconcerting. i think it will be detrimental to stock prices. markets eventually may like it six months from now, it will be so expansionary we'll become like venezuela and stock prices advance because of the amount of spending going into it. until then, as we try to get use towed the fact we might have a democratic president, democratic house, democratic senate, that will not be construed postively for the stock prices. rather than fomo, i fear you will have people of not being in. stuart: ouch. i know you're not a fan of the cryptos. i got all of that, it is 32,500 buck as coin. what do you make of bitcoin now? >> it is the younger generations gold. i prefer owning gold. gold is holding up this morning as stock prices coming off as

bitcoin holds its own. congratulations to those people that bought bitcoin a year ago, a six months ago a month ago. god bless them. i don't know where it will go. i hope they do well with it. it will do well without me. it has no history of gold of thousands of years t has history of two or three years. hooray for those that have done well with it, but i have my doubts. ii central banks take back ownership of monetary policy and we'll walk in and bitcoin will trade much lower as central banks say we've had enough of it. i wish them well. stuart: amen to that, dennis. touche. thanks for joining us. we'll see you real soon. take a look at markets. we're still on the downside. we're slipped further south for the dow.

we're off 170 points. that is half a percentage point. there are loads of people out there who are very bullish for this year, 2021. tell me more. susan: wall street is pretty bullish. talking about 3900 on average for the s&p 500. that is where they think will end. investors going to sectors like financials, banks, leisure, hospitality. energy as some of the best bets for this year, you know performers during covid. you might have more upside. there is a lot of bullishness on the wall street. goldman sachss of the world, jpmorgans, morgan stanleys. stuart: they're looking for the s&p to go to 4400, 4300. that is, that is the s&p. susan: double-digit rallies for the year. stuart: now at 3700. susan: think about that, 16, almost 20% up from today's levels, right? this is on vaccine hopes, stimulus. but it is dependent on divided government. meaning no new tax hikes.

if the georgia polls are correct, this threatens the scenario. stuart: why we're down 150 on the dow, falling as we speak. susan, thank you. 2020 an very impressive year for ipos. got that. there is more coming this year. susan: record breaking 2020 we know that, right? more than $150 billion raised. you have more high flying unicorns coming this year. robinhood, poshmark, coinbase. they are others exploring listing going public as well. the ones listed in december,. day one day debuts in 2020, up 31%. that is the most since 1999, the height of the dot-com bubble. a lot of person up demand a lot of cash on the sidelines. a year ago we had no idea what

spacs were, remember? well a year later, it actually made up more than half of the $150 billion raised. so spacs are here. i can say that in my everyday varney language. stuart: you know, all that speculation, plus the possibility of the democrats winning in georgia tomorrow, i got to say i'm nervous. i really am. susan: you would be taking money off the table? stuart: i would. that is just me. not all just big ipos, wall street giving new price targets on airbnb and doordash. susan will tell us where wall street says those two are going. my take on california, the state is a drag on the nation, economically and culturally. there is signs that many californians are rethinking politics. we'll have that for you. we're also going to talk georgia. one day away from krush senate runoffs. of the president is heading

there tonight. second hour of "varney" is just getting started. ♪. ♪ ♪ ♪ ♪ when you drive this smooth, you save with allstate. the future of auto insurance is here. you've never been in better hands. allstate. click or call for a quote today.

>> we've seen some isolated instances of that, but you know i've been out in the field and i've gotten see health care workers getting vaccinated, breaking down in tears. oversubscribed lines to get health care provider vaccines but my message to our governors because they make these calls, you can't overmicromanage these prioritized groups on vaccines. stuart: that was secretary of health and human services alex azar. he was on the show last year.

doc siegel is with us. why are so many health care workers reluctant to get the vaccination? what's going on? >> stuart, they're totally wrong. the vaccine has been shown to be very safe. now we've given it 4 million people in the united states you haven't reading screaming headlines of supposed side-effects. very safe vaccine. i received the vaccine. i had zero problem with it except a sore arm. as al azar said 70% are excited about it. 30% are not because they don't trust the government. they are ill-informed. we need 100% of health care workers to get out there to tell everybody else to take it. stuart: what are we going to do about it? 30% are reluctant to take the vaccine, they are health care workers what can you do about

that? you can't force them to take the vaccine, could you? >> you actually could. if you want to work in the hospital, expose patients you have to do that. our medical center does that with several vaccines. i'm not suggesting that. it is too early in the game for that. i think we have to sit down to them why they should take it, why it is really important. how they're decreasing spread from patient to patient. it is a possible responsibility. it is about information, being sincere about it. we got to do that now. stuart: how come of all the vaccines delivered to to new york state only 1/3 of vaccines have been distributed to the places where people can take the shot? what's going on? >> i think this state in particular is way overpoliticized. you saw it right in advance the governor says i will decide who gets it. i don't totally trust the vaccine. as alex azar told you there is so much variation of state to state, who gets it, who doesn't

get it. the state of florida said we're giving it to those over 65, stuart. they're 80% of deaths from covid. you know what is happening. i'm monitoring florida. last week there was a lot of lines and stalled vaccine centers. this week elderly are getting it. they're set up, getting it. that is how you have to do it. decide to go ahead and get the vaccine in place. florida is doing a good job. new york has too much micromanaging. stuart: doc seeing gel, thanks for being with us. i know you're a busy man. air travel hit a pandemic high this weekend. i want those numbers, ashley. ashley: i have got them, stu. 1.192 million people. there it is, passed through security checkpoints. that is the saturday number. guess how many on sunday? 1.327289. 1.3 million people. look at that number. okay, yes it is down more than a million from a year ago but that number yesterday is the highest

number. i'm going through the tsa website going all the way back to march 15th. remarkable. so a lot of people traveling yesterday. but again, still down significantly from previous years. we have seen this surge during thanksgiving and christmas even though health officials warned against travel and family gatherings. by the way talking of warnings with these numbers, dr. fauci says he is expecting the number of cases to surge again in the next couple of weeks as a delayed impact. that he says is inevitable. also the surgeon general making an appeal again for people to wear masks and social distance but, you know, 1.3 million, that is the most people that flu yesterday, stu, going all the way back to march 15th. stuart: definite improvement but not doing much for the markets. that is a fact. thanks, ash. good news for fans of cruising. they're setting sail again. lauren, hold on a second, from which ports are they setting

sail? lauren: you're not going on a cruise anytime soon, stuart. none are in the u.s. mostly out of singapore, taiwan, italy, spain. select routes, small ships, shorter itineraries. quantum of the seas by the royal caribbean are currently sailing on cruise to nowhere out of singapore only for people that live in singapore. you know the deal. the industry has to prove they can return safely to pack the ships in big numbers that is the challenge. my thinking what the big cruise lines are doing now is waiting on a vaccine, a vaccine will get people back on the ship. stuart: it is a start. it is a start. lauren: it is a start. stuart: thanks, lauren. wall street setting new price targets. first of all airbnb, the number? susan: one of the of course the hottest ipos of 2020, if you look at the board they went out at $68. it hit $170 in the day one debut.

wall street expects airbnb to pretty much stay at these levels. needham calling it a 200-dollar stock. jeffries, baird, calling it a buy. morgue moraling saying about 144 levels. changing travel landscape after covid. first of all they benefit from longer term stays with the remote work trend. domestic trips in cars, rather than flying on planes. airbnb is one of rare unicorns after reporting profits. they're worth more than marriott hilton combined. the travel industry has continued to change and will change after covid is done. stuart: tesla is one of the nine leading car companies in the world. >> ace changing world. stuart: look at tesla, why not? another all-time high. sales up 36%. they policed their delivery goal only by 350 cars. you call that a miss.

the market is taking that in stride. tesla is at 741. the electric carmaker nio their vehicle deliveries doubled from last year. that stock is up 10%. quite a gain. uber getting a boost from deutsche bank which says it is worth 80 bucks a share. oppenheimer says it is going to 62. one is 80, one 62. market at session lows for the dow, certainly, minus 245 points. all kinds of worry about the elections in georgia tomorrow. next, barstool sports founder dave portnoy calls out them for promoting beyonce' charity and ignoring his. it is a real world, dave. stuart: people leaving blue states for warmer, tax

friendlier states. we've got the story for you. ♪ ♪ ♪ ♪ ♪

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this morning things looked pretty good. it was a sea of green. we were expecting a solid monday morning rally. didn't work out that way. at the moment we're at session lows for the dow industrials and other indicators too. down 260 on the dow. that is .8% drop. that is quite a big deal. i think there is lots of worry about the georgia elections tomorrow. the census bureau says people leaving big cities and blue states and leaving in droves. grady trimble is in chicago. how many people have left the chronically unfunded illinois? reporter: stuart, about 80,000 between july of 2019 to july of 2020. illinois has seen a its population decrease by greater amount in the last seven years. the only other state with that unfortunate distinction. illinois is second to new york which lost 125,000 people. california on the list as well. you notice these are all high-taxed states, states that

are growing in population, are lower taxed states. especially during the pandemic people are looking for bigger houses with more space. with work from home continuing into 2021 it is likely this trend will continue. it is important to note, stuart this, is something we've been covering for years, not something that just started because of the pandemic but it has certainly sped up during the pandemic. and three of the top five fastest growing states, they do not have a state income tax. stu? stuart: yeah. that's a big help you know, when you're trying to move from high tax to low tax you know, writing is on the wall. grady, thank you very much indeed. there is a full-court press in the new congress to raise the federal minimum wage to $15 an hour. andy puzder joins us. he knows a lot about this kind of thing. andy, i don't think either you or i want to see $15 an hour as federal minimum wage. i think it would really hurt a

lot of states, however, i think this is going to happen because it's popular, with all the surveys that i have seen. it has support on both sides of the aisle. it is an easy thing to do. that is why i think it's coming. what say you? >> well it may be coming but it would be a disaster for american businesses. you might recall back in 2019 the congressional budget office said a 15 minimum wage would cost 8 billion in family income. it would take 1.3 million jobs. that was during the best labor market on record. can you imagine what the 15-dollar minimum wage would do at a time when we're seeing tens of thousands of small businesses close, 110,000 restaurants have closed permanently. another 5000, 500,000 are in danger. yelp said 100,000 restaurants closed between the beginning of april and the beginning of october. that is about 500 small businesses a day closing.

the increasing labor costs for these businesses will be a disaster. so, i sure hope it doesn't happen. stuart: do you agree with me that it is likely to happen? i mean -- >> i think it could happen depending what happens in georgia. if we, if we win those two seats or even one of the two senate seats i think we'll be able to hold off on a 15-dollar minimum wage. minimum wage should be dealt with at the state and local level as it is being dealt with now. if we lose, if we lose georgia, it's game over. stuart: if the republicans lose those two seats, if they go democrat in georgia, if that happens, there is 50-50 split in the senate, and the vice president, kamala harris would cast the deciding vote. does that mean that she would be able to install a democrat in charge and the chair of all the big committees in the senate which make all the big

decisions? >> well it would be, it would be chuck schumer who would be elected to be the leader in the senate. chuck schumer would replace the chairs of all those committees but it would be kamala harris the deciding vote. you're absolutely right. stuart: what do you make of all the late polls and betting markets which suggest that the democrats are going to win? >> i'm not a, i'm not a big fan of polls but there is one organization trafalgar which i am a fan of. they do a good job of. they're showing democrats slightly ahead. this is a very dangerous election in georgia. republicans really need to turn out. they need to turn out for in-person voting f they don't, the economy and fate of our nation are at stake. i'm not very optimistic about where the economy would go if we lose these two senate seats. stuart: did president trump make pa a political error in the phone call he made to the georgia official, pressuring him

to find votes and now he is going to a rally in georgia later on today? is that a political mistake? >> i'm not sure whether it is or not. i think that no matter what he said in that call, no matter what he did the stress would try to paint it absolutely worse way it could possibly be painted. almost anything president trump does ends up being a political mistake. the mainstream media paints it negatively do i wish the call hadn't occurred? yes i do because i think we would have a better shot in georgia, andy puzder, thank you. >> thank you, stuart. stuart: the dow is down 280 points. look at doordash because i think there are some new price targets out there? susan: more wall street banks initiating of the high flying unicorn, one of highest. dover bank calling it a by of

$185. that is 20% up from these levels. door dash is so expensive, went out $102 during the ipo. huge growth rates during covid. you have to ask will this occur with more vaccines when people are allowed to leave their home. sales tripled for doordash. what about normally for the stock? stuart: will we still order out for delivery and we go back to normal, go to a restaurant anytime, anywhere around drink at the bar? susan: we do have some notes being put in by wall street with concern of the george goo runoff. looks like oppenheimer says, if two seats go democratic we could lose six to 10% in the s&p 500. stuart: that is why you're at session lows. you're down 290 on the dow. >> >> this caught my attention, mcdonald's making a change to its menu. i'm a mcdonald's customer.

what am i going to be seeing, lauren? lauren: i don't know what the order is there, the theme the chicken wars are continuing into 2021. sew they're launching a new crispy chicken sandwich end of february 24th there is three versions of them, stuart. one is spicy, all-white meat, toasted, butter potato roll. i don't know, their chicken sandwich on the menu is really good now. i don't know how it gets better. popeye's started all of this. you remember the story we did over and over and over again a year ago, that sold out chicken sandwich? they're all competing. stuart: that was the best advertisement that popeye's ever had. we were doing it free. how about that? thanks, lauren. lauren: drive by a popeye's every day. lines on the highway. they still sell out. stuart: the gentleman on the screen is blake shelton. he is facing backlash over a new song called, minimum wage. we'll play it for you next hour.

boris johnson warns tougher virus measures may be needed. we'll tell you what is going on in britain next. ♪

stuart: chicago fed president charles evans says the federal funds rate will stay at, stay lower bound. that's his words. that means interest rates will continue to move lower, that is my reading of it. susan: stays close to zero. stuart: week take that. i don't think that had much impact on the stock market. we're down for other reasons, we're down a lot of pundits suggest that the democrats may win the two senate seats tomorrow's election. so we're down 306.

boris johnson considering implementing even tougher restrictions over there. give me details, lauren? lauren: he is expected to address the nation tonight and he is expected to say the entire country will be under tier 4, which is the toughest restrictions and schools will close, even exercise or team games played outside in parks, those will be banned. there is talk of something called tier 5, which is a complete national lockdown. the reason is, six straight days in britain of 50,000 plus infections. in large part because of the new variant is more contagious. this would be march all over again. what remains to be seen if there is an actual appetite for that among people who live there. stuart: what kind of pushback would you have, if you got to go back to the lockdown effective of march. really extraordinary. lauren you spelled it out and we'll take it, thank you.

staying in britain a judge over there in britain has denied america's request to extradite julian assange. what is the reasoning behind that, ashley? ashley: well the judge says that julian assange would be at risk of suicide if extradition was granted. of course that is a major setback for -- stuart: i will interrupt, for a second, i don't know whether you can hear me. you can hear it. he dropped his mic. ashley: there we go. stuart: now he got it back on again. he will go back to his script. go ahead. ashley: okay. take two. british judge says julian assange would be at risk of suicide if extradition was granted. that of course a major setback for u.s. authorities. a lawyer for the u.s. government says it will appeal that decision. as you remember assange, 49-year-old as you stalian, wanted in the u.s. on 18 charges of breaking espionage laws,

conspiring to hack a military computer. now following the publication by wikileaks of course of all of that classified material detailing u.s. military campaigns in iraq and afghanistan. in her ruling the british district judge says assange has the intellect and determination to get around anti-you side anti-suicide protocals. the u.s. will appeal the decision. stuart: that is the most convoluted language i heard in my life. we're americans now, ash. >> >> sales of guns and buyers might surprise you who they are. leo terrell has a message for all republicans ahead of tomorrow's crucial senate runoffs in georgia. he will deliver that message in

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runoff elections. hillary vaughn joining us from conyers, just outside of atlanta. hillary, speculate for me, will you, if the dems sweeps both races tomorrow what happens? reporter: they made it very clear it will be a lot easier for president-elect biden to get his agenda through congress and he would have control of the senate and the house. that is an argument that the democratic candidates here rafael warnock and jon ossoff have been making to voters on the ground saying they need to put through, they need to give the turnout that they got in november again on january 5th so that essentially their vote in november was not in vain because if republicans maintain control of the senate, republican candidates here kelly loeffler and david perdue made it clear they're going to be the firewall to stop biden getting what they call a radical progressive agenda through but also a really

expensive one. we'll put up on the screen the cost of biden's agenda, including two trillion dollars for a climate package. billions of other dollars dedicated towards things like infrastructure and health care as well. those are expensive priorities that republicans say the u.s. simply can't afford nor should be paying extra money for. that is really what we're hearing on the ground here. we're here in conyers, georgia, where jon ossoff will hold a candidate kickoff event. both democratic candidates will get a boost this evening from president-elect biden who will campaign here as well. stuart: hill, got it. leaked audio from a phone call revealed saturday that the president trump asked the secretary of state asked him to find more votes for him a lot of people consider that phone call, leaking a political mistake on the part of the president. leo terrell is with us this morning. he has been in georgia

campaigning. in light of this news about the president's phone call do you consider that a political mistake and should even go to georgia today? >> let me answer that question very, very quickly. was it a political mistake for him to make that phone call? absolutely not. president trump acted accordingly to make that phone call. he gave, i heard the whole tape, stuart, he gave the secretary of state the information about why he felt there was corruption and fraud in georgia and he asked the secretary of state to reconsider. regarding going to georgia, let me be very clear. i'm a trump republican. donald trump has 75 million people behind him. he has redefined the republican party. it is going to be the benefit of left left and david perdue for donald j. trump to go to georgia. stuart: however, as of this morning the polls just in the

last 24, 36 hours, have changed course. most polls now show democrats leading and the better market also show the democrats leading. in part that is the result of the president's phone call and its leaking over the weekend. it is looking pretty grim. >> i respectfully disagree. i don't believe the polls for the last six years. i'll tell you right now, that the polls have not been a true indicator of what happens. stuart, a news flash, november 3rd, there was no blue wave. there was a red wave and a disputed presidential election. what is concern here, what is at issue, i think the country knows this, i don't want this country to lose its heritage and foundation. we put two socialist democrats in the senate. we lose the american values system. that is why i went to georgia at a civil rights attorney, as black american, a person who loves this country, our nation is at stake.

one other point. it is quite interesting, stuart, that joe biden is holding off his selection for attorney general, the top cop. why? he wants to see those results f it's a democratic victory, we're going to get a radical attorney general. we have to win georgia. stuart: do you think we'll get the results tomorrow? if it is close, we might be day delay or two days delay? >> i think there is a delay. so many pole watchers, the entire nation, entire world is watching georgia. georgia is the epicenter of this nation the next 48 hours and i would isn't to you, this result, the challenges, expect a final result not tomorrow, but later in the week. stuart: okay. got it. let's see how it turns out, leo terrell, thanks for joining us. appreciate it. you're a busy guy. >> glad to be here. stuart: okay. got to get back to the market real fast because that is the

low of the day. now we're down 414 points. in part, i think has got something to do with what oppenheimer saying about tomorrow's election. susan: reality check, they're saying if the two seats in georgia goes democrat a six to 10% slide in markets, a 10% correction will be coming. concern of higher taxes and increased debt with more spending by biden and the new administration. i woke up this morning, tell me if you agree, when you saw the dow it was up 200 points in the futures. were you thinking complacency given the polls and betting markets saying democrats might have lead heading into the vote? i read over the weekend probability 88% republicans would win one of two seats. there is reality check right now. stuart: i think you're absolutely right. it's a reality check, bearing in mind the new polls and what the betting markets are saying. when they switch, that is a very interesting phenomenon. susan: fear is spiking as well.

we're up above 25 for the vix. that is a tell right there. stuart: we're down 415 as we speak on the dow industrials. still have got a big show ahead for you. charles payne, steve moore, hogan gidley coming up in the next hour. plus you get my take on california. some californians are rethinking their politics. about time. ♪. your daily dashboard from fidelity -- a visual snapshot of your investments, key portfolio events, all in one place. because when it's decision time, you need decision tech. only from fidelity.

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>> we got to take georgia tomorrow and have to fight back we take this place in 2022 to restore sanity. >> if our voters are not motivated in an off year, special election, it could spell trouble for us keeping the senate spewing and out looks like they will lose both seats and if that happens that shall be terribly hard for the economy. >> i look at this as a set up for the next ten years rather than a fear of the next four months. in the latter half of 2021. >> not hopefully bullish but mildly bullish. ♪

stuart: is that the lyrics, back in the new york mood or groove? we are back in new york as of right now all together now, "varney & co." and all those in the same place again or at least on the same program all over again and it is 11:00 o'clock and two seconds it'll be 11:00 o'clock eastern time. first trading day of the new year and not going real well per look at this. we are down 400 on the dow, 130 on the nasdaq, 42 on the s&p. dow and s&p both hit all-time highs right at the opening bell this morning and then headed south. the problem here is those georgia elections tomorrow. a lot of people think the democrats may win them both and that is not good for the markets, down it goes. now this. ever heard of kimbo? it is an amazonian frog poison, indigenous people reportedly use it as a kind of rain forest

vaccine. "the new york times" tells us west coast wellness elites, that's californians use it to help them purge toxins from their lives. a small dose makes you vomit and apparently you feel like death warmed over. but after that you are supposed to feel liberated from any psychological trauma you may have been feeling. there are kimbo practitioners in san francisco and los angeles. i'm not being nasty about california and i'm just amazed at the way california relentlessly pursues oddball culture and politics and expect the rest of us to follow. just as the kambo article appeared in the times the screen actors guild, that's the actors union, called for two week hollywood shut down. don't they realize the movie industry is leaving town and fast? why push the whole business out of the state?

here's another potential self-inflicted wound. the los angeles city council is about to endorse quote, a global fossil fuel nonproliferation treaty. that means stopping any expansion of oil and gas production in la. have they forgotten the blackouts last year that were a direct result of california's climate policy? california remains a tax work quilt of lockdown stay-at-home orders and capacity restrictions which is seriously hurting the golden estates economy. most of the schools are going to remote learning which is clearly hurting the education of an entire generation of mostly minority children. there are signs however that many californians are rethinking their politics. governor newsom may be recalled. the recall petition has almost reached the 1.6 million signatures required. the republicans won back some of the california house seats they lost in large numbers of people and businesses have had enough

and are leaving the state. let's hope because california is a drag on the nation but let's hope the politics are changing. it's a drag on the nation economically and culturally. does anyone really want kambo practitioners to lead us forward? are you kidding? the third hour of varney is about to begin. ♪ stuart: okay, i will calm down a little but she did hear my take on californians and how they, in my opinion, are a drag on the nation economically and culturally. i do hope my colleague stephen moore sitting on the right-hand side of the screen is going to agree with me. they are a drag on the whole country, are they not, steven? >> stewarts, good to be with you. happy new year. what a change, it used to be california was the leader of the

u.s. economy and everything big started in california and that is reversed course of the last decade and especially in the last year or two. the lockdowns obviously have moved a lot of businesses out of california and you reported on those week after week but you've also seen the impact of the high taxes. there was a built in the sacramento legislator moving along that would move their tax rate from 13% to 60% and i would be higher than new york, highest in the united states. it's a sad thing to say. one other quick thing about california, you reported on their anti- fossil fuel initiatives and there are very few states in the country, very few places in the world that have more gas resources that california does. stuart: it's astonishing really. look, under screens right now a new low for the dow for this day we are down about 500 points in the market seemed to be worried about the elections in georgia tomorrow. let's lay out a couple of scenarios for the first of all,

what happens to the markets if there is a clean sweep for the democrats? that's number one. what do you say? >> look, i think the states are huge here because some people are crying the $2,000 senate races and that's about right. if the democrats win both of these seats and by the way, don't think they will but if they do then you will see an extra $2 trillion of spending next year. that is a lot of money and this will basically give republicans or democrats a bit of a no checks and balances and no roadblocks of the radical agenda so i do believe it will be very, very bearish for the markets if the democrats sweep those two seats. stuart: supposing that democrats win one and the republicans win one, then what? >> all the publicans have to do is win one of the two great i'd like republicans to win both of them but stuart, it's important to realize that if they win one

thing they have the magic 51 seats and that means that mitch mcconnell is still the senate majority leader and it means all the committees are run by republicans so it is one. democrats have to win both and publicans have to win one of the two and if they do but by the way, i think they're both going to go in the same direction, stuart. republicans win one i think they will win both and if democrats win one i think they will win both. stuart: let's ignore the georgia elections for one shining moment and consider this. a lot of people talking about the roaring 20s and the economy going into a roaring 20s mode this year 2021. what do you state, stephen? >> i'm really mixed. on the one hand, the economy is doing well right now and no one is reporting that except for friends of fox news and foxbusiness news but the latest forecast for the fourth quarter is 10% growth, stuart. on top of 33% growth in the third quarter. you listen to the media you

would think we were in a great depression right now but six and half million unfilled jobs in the country right now and we've got a decline in the un- appointment sure his claims last week that the media did not want to talk a lot about. i think the economy is teed up in the real question is will biden screw things up. the other big factor of course is the vaccine. if this vaccine gets to the tens of millions of people who need it and wanted over the course of the next three months i think the economy is really set for a big big boom, as long as we don't raise taxes and kill our oil and gas industry and those are big gifts because biden wants to do both. stuart: it's all about georgia. stephen moore, thank you. we will see you again soon. dow down 520 points as we speak and getting close to being back at 30,000 and down 1.7%. good reason to bring in charles payne who the man who angers the show "making money" with charles payne. not making much on the market

this morning charles but look, it seems to me that there are two factors of work here. number one, worries about the outcome of the elections in georgia tomorrow and number two that feeling that it's like 1999 with ipos in bitcoin so what say you? >> yeah, i've got to disagree with you a little bit on both of them. not the georgia per se but listen, we knew about the polls and we knew about the bedding and the market opens. i think we got to put everything in perspective. last year which was only one week ago was remarkable and i think we've got a profit taking in anxiety when it comes to the election, to your point. i don't know that it feels like 1999 in the sense that a lot of these names and companies that are leading the way truly leading the way our amazing companies plan dollar businesses but unfortunately three are not even in the dow but there are

some real things going on in this economy and in this world and in the market reflects that. it is different and i think everyone used the .com is an obvious example of what is a different now and then. on the election there's some angst there but, by the way, this is not something that necessarily happened in the night but december 201 was when you see the first polls were ossoff and warnock were up and then december 30 they had the biggest lead, ironically there is a pull out this morning that has the leffler and perdue up one point each so the trend has been heading in the wrong direction for three weeks and that is when you get the buildup of anxiety and it's the next 24 hours will be really intriguing on that front. stuart: you got that right, charles. spend a minute and give me your big investment theme for 2021. >> i've got several investment theme spread number one, it's

not a star market. neither one but when people say stocks went up, no they did not present were down an average of 47% each. whether you want to be focused on this year, you got to be focused on data. we are generating so much data and that means doctors cloud and that means consumer services and you got to be focused on esg, stuart, big a story in the market and it's not just 2021 story. it is wide open p added tesla and why the added end phase at the end of the year and you must have exposure to those names. i think industrial metals, fcx is the number three percentage again today and the farm economy is coming on like gangbusters and you have not heard about it because media will not say they positive about farmers almost use them as pawns. those are my main investments themes this year, data, drones, consumer discretionary, industrial metals and farm equipment. you got to be very selective and can throw darts. stuart: i like the bit about

drones. charles d. 2:00 o'clock this afternoon on "making money" right here on foxbusiness but thank you, charles but he's also got the town hall coming up pretty well about the future capital is him about his consummate their questions too invested in the fox .com. let's have a look at the markets again because there is now another new low of the day and we are down 570 points, 1.8% and we have a couple big movers. susan: with the record date for tesla there are winners in the market today but record 2020 and fourth quarter for tesla delivery and they missed 500,000 but only by 50 cars and by the way it will austin and berlin factory set to open conversely, check out neo. up 11% because they doubled the deliveries in december and bowing is another mover today, down on rising covid cases, less travel and also another stock,

roku is on up on reports that it was up above three or 4% but in the markets who knows how things change but they were supposedly looking to buy the short form video catalog quickly and let's check out apple because the big tech stocks like make a soft arm dragging today with people taking money off the table and out of these high-performing 2020 names and reports that could come up with two phones in the next two or three years but locked down winners today are flying and here are the ups i want to show you with the zoom, videos, moderna so look at these rallies because people are anticipating that may be with the rising covid cases or lockdowns to calm again business will go remote and back home online. stuart: and video makes the chips for the gaming. susan: yeah, data centers and clouds. stuart: and zoom you use at home and moderna has the vaccine. there up side moves but few and far between in the dow down 500.

chicago teachers union says it's too dangerous to keep kids in school so why was it okay for one of their board members to go on a caribbean vacation and post pictures online? we have the story for you coming up shortly. was senator kelly loeffler says the future of the country is at stake in georgia. watch this. >> it's a choice and it's a stark contrast between the freedoms, our way of life here in georgia or socialism. government controlled. stuart: what is the state of play at less than 24 hours before the polls are open again in georgia. stick around and we will deal with it. ♪ ♪ research shows people remember commercials with nostalgia.

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stuart: look at the markets, we've come off the session lows and i guess that is good news and we were down over 500 now 465 but susan, i think there's a lot of worry about the georgia elections tomorrow and i think there's a lot of people worried that it feels like 1999 in the .com. susan: i disagree because these are real companies with euro sales and real profits and you see real cars in the case of tesla on the street. getting back to the concerns over the georgia runoff, i think that's pretty much what his plane out and the markets today we have oppenheimer saying we could see a slide with cell above six or 10% if both seats goes the way of democrats because you will get more spending and that means more debt that means higher taxes probably that could come down the pipeline but also the fear gauge has spiked about 25 so the highest be seen in terms of fear since december 22 but i would

caution it this way, you want people to be afraid in some instances. you don't want everyone to go in one direction and a herd mentality because that's what makes a bull market. you have to have somebody else take the other side of the trade. stuart: it is worth pointing out that the democrats have to win both races, one is not good enough. it's got to be both and if the republicans win just one than they keep control of the senate and the danger to the market is taken aside. stuart: . susan: gold is sitting at the two month high but i would say there's complacency heading into this vote over the weekend i saw probabilities of 80% and one of the two seats would go republican and this is a wake-up call after the betting markets showed the edge for the democrats. stuart: that is the money side of things let's get to the political side and we talked about georgia here and i'm pretty sure that the latest fundraising numbers for the georgia senate candidates will show enormous numbers amounts of dollars pumped into the race but what is the numbers, please

lauren. lauren: yet, on both sides. david perdue the republican raising the most if you look at the wall street community specifically finance, real estate and insurance so there it is, 7.8 million and he is followed by senator loeffler with an democrats candidates are blind her at $4 million but where the democrats are leading is from small donors and believe it or not, there were hedge funds. hedge fund donations to john ossoff, 240 for $3,000 and all and he is the highest funded candidate in the history of senate elections over $1 milli $1 million. stuart: good god. got that. susan: lots. lauren: lots of money. stuart: hogan is here with us from the trump 20 campaign. the markets are clearly worried about tomorrow's elections in georgia and the president is going there have been pressured

in this leaked phone call georgia secretary of state to find more votes and i'm not sure that's going down well in georgia. are you a bit worried? >> not to doll. the numbers look good for kelly loeffler and david pretty but that's not what the president did. what he was saying is what he's been saying publicly now for a long time and so you know this man, president donald trump is the same behind the scenes as he is in public. we want this election to be free and fair just like the presidential one and all the evidence is to the contrary right now but there are illegalities and irregularities and fraud and there is abuse. we seen the hard evidence that proves that. secretary of state in georgia refuses to audit the most important places like fulton county and like to call him and instead choosing the lesser pop plated areas. he knows he's made a massive mistake when they found thousands of votes for donald

trump he blamed the local officials and take no response ability. in fact, what you think the person who is in control of the election is going to say when there are questions about the election? he will say of course it went flawlessly. it didn't. all the evidence is to the contrary in the president was saying we need to make sure they reckon people can have faith in the election and can have confidence in the election and that it is, in fact, legitimate and right now we cannot because the evidence proves it's impossible to do so. stuart: if you could, would you withdraw that phone call? and never make it in the first place? >> look. stuart: is not going down well, hogan. >> again, this is the media and it's not time the first time up presidential phone call has been linked by the other side of a conversation in the media runs with it like it is some big revelation. it is clearly not. the disgusting immorality of a

statewide elected official to have a conversation with the president of the united states record that conversation and then selectively leak pieces of it to help himself politically and you think he has, you know, complete and total transparency and honesty about an election at this point? give me a break. i think the track record of the secretary of state is quite frankly abysmal and disgusting i think america people understand that when you have a conversation in private you should not record it and you should not release it publicly but the president to set all those things before and this is nothing new. it's the media contrived, you know, media contrived ridiculous notion that somehow the president of saints on the different scenes that he said publicly in the president has been consistence on this matter but he wants these elections to be free and fair. stuart: the other side of the coin speaker pelosi has won a fourth term as speaker and leads a very divided party and she is

keeping eric swalwell on the intelligence committee and the house intelligence committee. this is despite his ties to a chinese biped hears or have a go with this one, hogan. >> look, is anyone surprised by this? democrats always accuse republicans of doing things they themselves are actually guilty of doing. when they said this president colluded with russia it was the democrats who had a russian dossier with british intelligence so talk about colluding with a foreign power. it was eric swalwell who came out and said the trump family was colluding with a foreign power and that he had stone cold evidence that this president had worked with vladimir putin and that he was literally an agent of the russian government but it was eric swalwell who was in bed, quite frankly, with someone from the chinese communist party. that is a serious issue and to put that person on intelligence

committees and get the seat some of the most sensitive information in this country is a dereliction of duty on the part of nancy pelosi but again, nothing new because everything they do is hypocritical and they get to do the things that they accuse us of doing all day long in the media, quite frankly, lets them get away with it. stuart: we will be glued to those georgia election results and that's a factor in hogan, thank you for joining us and we'll see you again soon. more people are buying guns but not all card-carrying conservatives buying them either. we tell you why there's a lot more women buying guns these days. we got the story for you. new jersey's largest teachers union wants all students to take covid tests before returning to the classroom. is that possible? isn't necessary necessary? we are on it. ♪ ♪

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stuart: 's public schools closes catholic schools are seeing a surge in enrollment. jerry willis has the story for us. jerry, what do you got? reporter: that's right, varney. what we are seeing is the catholic schools who managed to

stay (-left-parenthesis person learning when they are surrounded by public schools that aren't doing that are seeing a pop in enrollment. here's examples, and brooklyn and in queens enrollment in catholic schools are up 39% and this is after years of closures and that's what we seen in so many of those schools. the classrooms are full to bursting and is also happening in boston in the diocese of boston seen in romans are up 15%. of course, that's not necessarily the story across the country. you have to pay thousands of dollars had to go to a catholic school and during a recession it's particularly difficult. according to the national catholic educational association closures of catholic schools are up 50% in some 2% of the 6100 catholic schools across country have closed this year and nowhere is that more evident than in los angeles. three catholic schools have closed and enrollment is down

10% and in fact a lot of them are using the ones remain gofundme campaigns to try to get back on track. that's not the only threat to catholic schools. an organization called secular democrats of america is calling for president-elect biden to completely disassociate from organized religion. you can see on the screen some of those things they are calling for. they want to expunge religion from all american public life and in short, some catholic schools are doing very well but the one right behind me maria regina is doing well and they've seen an increase in in romans right here in new york. back to you. stuart: but they are under attack. joy, thank you. the teachers union in newark new jersey wants all students to get covid tested before coming to school later this month. naomi schaefer riley is with us and writes frequently on education. naomi, it sounds like that would be a disaster, you've all got to get tested before you get back

to school and can you do it? is it necessary? >> stuart, thank you for having p. i don't think it's necessary that i don't think it's impossible though. a lot of private schools on the countries suggesting exactly that when kids came back from the giving or when they are coming back from their winter vacation and many schools, many private schools have required kids to either show evidence that they have been tested or even to get tested on campus. those are the things they are willing to do but frankly, they have been doing for months in order to make sure the kids can learn in person. the question is if we call the teachers union bluff and say okay fine, everyone will get tested now you all have to come back to school full-time in person what will they say? stuart: i get the impression the teachers union does not want to go back in the classroom to teach a will and do anything to invite it, that's the impression i get. >> absolutely not. you have we are now going on almost one year that large urban districts many have been remote for ten months now and it is outrageous.

you are already finally seen some pushback from parents and there's a parent in virginia who has just announced an effort to sue the local school district there because she says look, this is ridiculous but we are not getting an education and the state constitution promises us an education in return for our tax dollars. what are we getting? it's a very good question. stuart: okay. member of the chicago teachers union says it's too dangerous to bring kids back into the classroom but she just went on a caribbean beach vacation and posted pictures from that vacation on the social networks. you see it on your screen. [laughter] >> yeah, you can't make this up. they do not think there is a real danger here but this is a great way to get out of work. obviously if teachers who are older or immunocompromised or something like that and those people have a reason not to be in a classroom but frankly, why are teachers any different than people who work in supermarkets and is not exactly you should

continue paying us even though were not showing up to work everyday and i think this is completely outrageous. frankly, we should call their bluff when it comes to the vaccinations too. okay, you are worried about your health so we can put you to the front of the line for vaccinations as long as you are back in the classroom as soon as you get that shot. stuart: why can't teachers teach in front of a classroom of 20 or 30 or 35 kids and masks? why can't they do that? we are asking grocery store checkout people to be close to hundreds of people a day and still show up for work every day so i don't get this. >> not to mention those grocery store workers have children that they have to now figure out what to do with while they are trying to earn a paycheck. the people at the bottom end of our economic spectrum have just gotten screwed this year in ways that are unimaginable and your segment about catholic schools is even more evidence of this. these are the people who would love to go to catholic schools

but now they can't afford them because they've lost their jobs. stuart: amazing. it's a mass and naomi, come back soon. we want to hear more about this because it's a disgrace nationally print thank you, naomi. check the markets because were headed back south again. now we are down over 500 points up to 30,090. now this. barstool sports founder slamming cnn for promoting beyoncé's charity but not his. ashley, i want the full story, what do you got? ashley: and you will get it. dave responded to a cnn tweet counting beyoncé offering $5,000 grants to help people facing foreclosures or evictions caused by the pandemic. dave fired back on twitter saying this, this is great. i wonder if there are any other charities going on that are hoping americans with the corona pandemic that could use press coverage to help raise more money, crickets, crickets,

crickets. he put up the symbol. dave is referring to his efforts of raising more than $60 million for small businesses heard fight covid and has been an outspoken critic of the lack of relief for small businesses and by the way, is offering financial help to business owners who are still paying their workers while still trying to survive but there you are, pushing cnn and give a shout out to others who are trying to raise money in this case business owners. stuart: let's get him back on the show and raise more money. ash, thanks. country music star blake shelton now is under fire for a new song. lauren, what is the song and why the backlash? lauren: all right, call it minimum wage and one lyric is called, girl, you make a man feel rich on minimum wage. it attempts to romanticize earning on minimum wage and debuted on new year's eve but yes, people are saying look,

it's tone deaf to the struggles of many americans right now and it's being sung by a millionaire, multimillionaire who is about to marry another multimillionaire. romanticizing the minimum wage. stuart: and we got some pretty good advertising i would say for free thank you, lauren. applications are soaring, violent crimes exploding in major cities and we got that and that's a reason but one police department only approved 14% of applications. there's a story and we've got it for you. nearly 80,000 people packed up and moved out of illinois last year, 80,000. with new tax hikes on the horizon that number could spike so where are all these folks going? we will tell you, next. ♪ ♪ (announcer) need to lose weight?

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stuart: you know, we used to check big tech for you every single day and it was fun because those big tech stocks kept going up but not today susan, they're all weighed down the. susan: people are just taking money of the table especially with the concerns over the georgia senate runoffs but it's been a fantastic 2020 so you made money and you will cap some of those gains and those of the main drag on the markets because look, if you have the mega cap with apple, amazon, facebook and google that represent close to 30% of the s&p 500 that's the most influence since stocks going back to 1990 when they sought the tick along the rest of the market with them but conversely there are winners. look at the state homeowners, zoom, a dharna and even swear which we know as a financial payment company but you are getting money there because they are concerns of rabid rising covid cases which may mean fresh lockdown.

stuart: walmart is up, 1.2%, huge downmarket great good lord. down 530 as we speak. got that. more than 80,000 people illinois residents are starting 2021 and a new state and they have moved. grady turnbull is in chicago for us. where did they move to? reporter: places where it is not snowing right now. it has been snowing often on here in chicago but the states that are saying the most growth are maybe not coincidentally warmer states and here they are. texas, florida and arizona and between the three of them between july 2019 and july 2020 they had about 750,000 residents moving into their states. also, maybe not coincidentally two of those three states florida and texas have no state income tax. this is a trendy scene seen long before the coronavirus pandemic started but it was accentuated and sped up by the pandemic and people are leaving high tax

states and with the pandemics they want more space. if you know anyone who works in luxury real estate in places like florida or texas you know that market is booming. people are getting out of colder places where they are paying in taxes and moving to places where there is sunshine and the lower taxes. stuart: i can confirm that about the real estate market, grady. let me tell you. grady trimble, you're all right. thank you for joining us. gone sales spiked almost 90% over the last year and that's a huge spike. many of those drones reportedly sold to first-time owners prayed we have the rundown on who these new gun owners are. that is next. ♪ ♪

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stuart: we are getting reports on some tech outages. susan. susan: most notable is slack, global outage at taking place around the world and there are reports that services on zoom since we are in these covid times and people are doing zoom

calls and set up face-to-face interactions and there are reports of an outage at 10:00 a.m. this morning and gmail is down, microsoft teams and even amazon web services which a lot of people use remotely in the cloud to get work done so there are concerns right now since they've all taken place around 10:20 a.m. stuart: zoom is up 5% which is very significant and slacked on only a fraction, microsoft taking it hard and so is google down 1.6%. got that. applications for gun apartments surging all across the country. christina joins us from uniondale, new york. tell me more about the surge, christina. reporter: you have an unprecedented convergence of national unrest, pandemic and a presidential election so you are seen sales soar and look at the lines right behind me here in uniondale, new york. i spoke to the owner of the gun shop who said that despite the increase in sales there is also a very slow process to get these

permits approved. listening. >> people worried about pending civil unrest and also the political climate within the country and people worried about their right to have a gun changing. reporter: he went on to tell me that really the slowdown in new york city has to do with the lack of manpower due to covid and that is slowed things down but across the united states we are seen sales in the first seven months of 2020 up 91% and americans bought 15.1 million guns and that is not even for the full year paired with the increase in gun sales we did see an increase in gun related deaths and deaths were up 25% for 2020 but overall we are still anticipating the sales to increase the owner of the shop to tell me that he believed they will continue because of concerns about stricter gun

control under the biden administration. back to you. stuart: we seen this before. thank you indeed. i want to bring in ryan representative from brownells inc. and it is a gun company and businesses is clearly broke booming. ryan, i want you to tell us who is buying because we understand there are five, six, 7 million new owners of guns and who are they? >> that's right, thank you for having me. it's estimated about 8 million new gun owners in 2020 and they just don't fit the character of what many would consider to be the average gun owner. based on our sales and we can pray that to data we are seeing a lot more guns going into urban areas about 40% of new gun owners are women and african-americans are buying their largest growing group at 50% up year-over-year. stuart: african americans are buying 50% more guns than they bought the previous year? is that an accurate way to put it?

>> absolutely correct. stuart: and women 40% or 40% more guns in the hands of women than one year ago, is accurate? >> that's absolutely accurate. if you take the data and you see what we have for sales data i don't think it's unreasonable to hypothesize that a significant number of these people are from the democratic or other political ideologies and we are talking about the constitution right here at the day and if something gets politicized often but it's not just politics but the constitution we are talking about. stuart: what about the guns that women are buying? they mainly primarily pistols or some long guns? >> women are buying pistols but that's the hottest category. pistols are by and large the lions share of that followed by shotguns and ar 15 weapons. stuart: ammunition, i have a place in rural new york and

there was a lien on the door to find new ammo, is that a nationwide shortage and what is the problem? >> it is a nationwide shortage. we have brands like vista and others who have announced incredible back orders on ammunition. the problem is there's an incredible demand people are buying up everything they see which you have to think about the factories in 2020 who are not necessarily expecting to see the increase so they got raw materials that they got to go out to find that they did not necessarily plan for. it's the perfect storm for ammunition manufacturing. stuart: with all this increased demand for guns heavy raised prices? >> we are trying our best not to raise prices but with scarcity and the manufacturer trying to find raw material requires us to raise prices a little bit but we're certainly trying to keep them down as much as we can. stuart: ryan, thank you for joining us. important information on who is buying these guns.

very interesting. come back and see us again soon, please. it is very much a down market and that's the low of the day and we are down 553, 54 now for the dow industrials and t-mobile down to enact percent and they've announced a major data breach. the court records and phone numbers of two and a thousand customers may have been exposed and as he said the stock is down to enact% in a sharply lower markets. google employees announced plans to unionize. surely not all google employees -. susan: no, not all. returning 200 so far who have joined the alphabet workers union and some of the most activist staff around so the unions will be open to all alphabet workers and it said that includes temporary workers, vendors, contractors and alphabet has 130,000 if you include the googles, youtube and self driving car units. there have been honestly a lot of activists action among the employee staffers as google

protest over sexual misconduct by former executive leaving canceled the pentagon contract because why should we be working with the pentagon especially in deadly circumstances and complain about the removal of a recent artificial intelligence executive. this makes sense, doesn't it? it's interesting that you can unionize at alphabet and google but not at amazon whole foods right now. stuart: that is interesting but i'm looking at the markets and we are down 611 points as we speak. we are down across the board at 2% exactly, 2% down for the dow and below 30,000. more varney after this. ♪ maria had to do everything for me. she had these awful blisters on her back. i don't want shingles when i'm your age. actually, if you're 50 or older, you're at increased risk that's life, nothing you can do... uh, shingles can be prevented. shingles can be whaaaat?

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stuart: if you want to know why the stock market is selling off so much look no further than tomorrow's run qualify heck shuns for senate seats in georgia. "real clear politics," they put an average ever polls, they put out an average of polls in georgia which shows reverend warnock leading loeffler. we have jon ossoff leading david perdue. in other words the democrats in these "realclearpolitics" average of polls are leading the republican candidates. if they were to win, if those polls are in any way accurate, you would have the democrats

dominating the senate, would therefore be able to pick and, they would have a leg up when it comes to all kinds of new policies like taxes and regulation. that is why we're selling off. here is david asman. thank you for doing all that hard work. david: what amazes me you do all that heart work 50 weeks of the year. my pleasure, start, thank you very much. welcome to cavuto "coast to coast" in today for neil cavuto. the top story, battle for america as senator schumer puts it, as you will the odds resting on the senate race in georgia. there are two races, possibility of a democrat sweep. president trump and president-elect biden both