dagen: great and thanks to nancy and steve forbes. great to see both of you so much to cover it today and the coming weeks and months. "varney & co." is right now. stuart, take it away. stuart: if you insist. good morning. dagen: get ready. stuart: good morning, everyone. by a narrow margin raphael warnock defeated kelly loeffler to become the first black senator from georgia. state law says a recount they be called if they is .5% or less and that is now .4%, so that could stretch out the timing of the final results. the other races too close to call with the democrat john ossoff leading david purdue by roughly 18000 votes, a narrow margin with over 4 million in total. as of now, here's the balance of power in the senate, 49 democrats, 50

republicans. that one in georgia race still to be called so control of the senate is still uncertain. stocks have been oliver the place. when raphael warnock's win was announced sharp decline. here's where we are now, dow jones down a tiny fraction, maybe five or six points, a small loss for the s&p, but the nasdaq is where the damage is. look at big tech, this is the group showing the sharpest acclimate. harder to explain since it big tech was the major contributor to warnock and john ossoff, just some commentary that democrats may be harder on tech companies. here is the flight to safety, bitcoin goes to $35000 for the first time and it's now at 34945. the price of gold is up-- but see, it's actually down today, down $20 at 1935.

money is pouring into the defensive play of the 10 year treasury and has raised the yield above 1%. it's actually 1.01%. in washington, right outside the white house crowds of trump supporters are gathering they contest at november 3 election chanting: stop the steel. national guardsmen called out in the atmosphere is tense. at 11:00 a.m. easter president trump will address the crowd and we will show you his speech , it could be the last major presentation by this president. at 1:00 p.m. easter congress will vote to certify the november 3 election. they won't overturn the biden win, but they want an investigation. here is where we stand this wednesday morning. a clear political shift in favor of the democrats in georgia, question is did the

president help or hurt the republicans with his rally in georgia on the eve of the election. investors are worried about the influence of the left, but encouraged by the prospect of a huge a stimulus program. we are waiting for the purdue john ossoff race to be called if the democrat when chuck schumer is the senate leader and bernie sanders runs the budget committee. it's a big day, "varney & co." is about to begin ♪ stuart: that will get you going with a little rolling stone's. as of now trump supporters are gathering in dc for what's called the march to save america.

this is ahead of today's electoral college challenge. "fox & friends" weekend cohost pete hegseth on the ground. p to, the people behind you believe the election was stolen, that's their point? >> they feel like from november 3 until today their grievances both the way there voice was suppressed before the election to exactly what happened on election day whether it was covid-19 and mail-in ballots and the reality that citizens-- some were not verified or some were discovered and then the reality that their objections to what happened was never fully investigated, looked into and as a result certification-- we are here near the mall, the white house is behind me stuart: got an audio problem there, but he's doing his best to report from there, the save america march. it's already in progress and at 11:00 o'clock the president addresses that group of people and we will certainly show it

to you live. it's a wild mix of politics and money today we are going to take another look at the sharp declines in giant technology companies. clouds of red all-around shah gilani is with us. can you explain this? wire big tech knowledge he on the chin? >> number one, big tech has been under pressure for several months, us regulators, department of justice, ftc going after google, apple, amazon and to a degree facebook. texas and nine other states have joined a lawsuit against google. in europe the european commission filed to build the digital service act and both of those assaults on big american tech company so some of those companies have been under pressure and now i think what we see is where the senate to be a democrat hands as we will see more spending meaning probably take profits on

the tech stock and go into the and i think that's what we see now. stuart: would you do any bargain hunting today? >> not today. i think there's more downside to go, but yes levels on all of them, we audio michael's-- microsoft and apple and i would add to some level, facebook, google for sure and i think some other stocks we like, definitely want to get into amazon, absolutely. levels lower and hopefully i'm hoping they go a dude-- good bit lower and certainly load up the truck. stuart: if john ossoff leads purdue admits a democrat run senate would you still stay bullish for 2021? >> yes, i would say certainly through the first half. obviously i want to look and see what kind of policies are put forward in terms of taxation and regulation etc., that, yes, i think there's enough momentum in the market and with earnings in terms of the first

quarter, probably second-quarter earnings, so i'm positive that they are, but it remains to be seen what kind of policies come out of washington and that could be scary. stuart: shah gilani, thank you and we will see you soon. democrat raphael warnock is projected to defeat republican senator kelly leffler and meanwhile the race between john ossoff and purdue still too close to call for joining me me now from georgia "fox & friends" weekend cohost willa kane. looks like we are headed for another recount what do you say? >> you know, the purdue john ossoff race looks tight and that will have a recount almost certainly. idyllic know if anyone could put much stock in the recounts. we have seen it take place over the last several months. such is the course when it comes to recount, rarely reversed the outcome of elections. i found that fascinating

the conversation you had about why tech stocks are down and what we can expect going forward. with democrats in control the senate and the house and the presidency, i think we know at least what they hope to accomplish. your guest said they want to see what happens with regulation when we take joe biden at his word, he said clearly he would raise taxes, income and estate taxes. regulation, he talked about coming down hard on fracking. how about the red arrow pointing down, who's calling for more censorship with tech, is that republicans or democrats? republican party was upset about being censored and democrats were worried about not enough censorship. there is regulation and taxation and expiration-- expectations for 2021. stuart: a very well-known report on politics, cook report says republicans just did not turn out and democrats did. do you think the president hurt the

republican turnout with his rally monday night? >> if he hurt the turnout, stuart, i would not place it among the top three things depressing turnout among republicans. i will give you to that i think-- rather three i think were more influential in the outcome of the election. number one, i believe that people like lynn would the president's onetime attorney out there actively suggesting people should not vote might have pushed her some on the extreme away from the election. the president always encouraged people despite his concerns about the process always encouraged people to vote. when would say don't go. second, think georgia has been trending towards a purple state for several years and for that matter we may want to pay attention because texas and arizona may be headed in that direction. georgia had a tight gubernatorial race a few years ago so didn't come out of left field pick jordan has been trending this-- this way. the big one is male in

the boating and over 19 in our businesses, challenge-- and in how we elect politicians. it's really increase the flood of mail in ballots there were almost a million mail-in ballots in georgia for total turnout, stuart, 4 million votes. 2008 a runoff raced produced 2.1. it has in effect at every aspect of our life stuart: it's a political change certainly in georgia. will cain, thank you. changing the subject, why don't we look at the housing market. mortgage applications with numbers out. lauren, what you have? lauren: have price sticker shock in a pullback. this report consider the holiday time finding applications were down .8% in the two weeks ending new year's day compared with earlier in

december. volume was 3% higher than a year ago, but we became used to the 20 plus percentage increases. down 6% for the two weeks, but still up 100% annually unadjusted. treasury yields are moving higher today, that may put a cap on the sub 3% mortgage rates we have become accustomed to. no one is saying there will be a big jump in 2021 in mortgage rates, but they may move above the 2.86% they are at now. stuart: jampacked full of news. thank you to the yield on the 10 year treasury is 1.10%. busy news than we are waiting for the outcome of the race between purdue and john ossoff in georgia. his opinion on my part, i really don't think socialism is around the corner. relax a little, folks, but i think we will see a massive stimulus that

will bail out those badly run democratic states. that's a big deal. you hear more about that in my take at the top of the hour. the last time he was on the show he raised money for small businesses and now there's over 18 million in his rescue fund and i call that a success. he is on the way. checking futures, look at the nasdaq, that is where the problem is with a huge loss of a big tech. more on that after this. ♪ ♪

♪

stuart: if you are looking to see how the markets are reacting to the one democrat win, look on the left-hand side of your screen with stocks down and big losses on the nasdaq with the big tech. news from hong kong, absolutely appalling. we will give it more time on any other day. the latest, please speak to european union, for the release of the 50 or so arrested in hong kong under the new national security law meaning beijing can essentially jail and try anyone they want to in hong kong and also biden's secretary of state pick blasting china for the arrest adding the administration will stand with the people of hong kong against beijing's crackdown on democracy. the 50 or so that were rounded up last night, politician, opposition leaders, activists and one american lawyer who works for a local hong kong law firm. china is really sending

the signal is not interested in freedom of a speech, not interested in democracy, obviously. stuart: is that a tip for time because president trump barred us transaction on eight chinese-- i believe they include alibaba. susan: alibaba at, the two biggest companies in china can access user data and pass all the information the chinese government including location and possibly a federal employees and can build a database as well so the order took effect in 45 days. that's after president trump leaves office and no word if the next administration will uphold the executive order. and a lot of us companies actually use this, apple, forbes, or walmart, disney and the list goes on and on, but they use wechat to talk to their customers and

clients, but the app in terms of the consumer is not widely used. stuart: i think joe biden has a china problem, clamping down on hong kong? susan: they are testing him to see what he will do. stuart: let's get back to the race in georgia. the race between jon ossoff and david purdue with ossoff about 25 minutes ago claiming victory, but it's not been officially called. let's bring in a comments brian westridge forgive me, will start with my opinion. i think we will get a massive stimulus program which will include infrastructure and bailout of the badly run democratic states, but unsure in the immediate future we will get bag tax increases. what say you? >> well, stuart, i agree with you. remember, dick durbin from illinois will be committee chair if ossoff wins so democrats win both seats and they

will take power. illinois needs to be bailed out, so i actually do believe states will get a lot more money. it's will be a huge stimulus bill including president-elect joe biden just the other day said 2000 payments for individuals and then the question is, will the biden administration act like the obama administration. when president obama moved into the white house the economy wasn't hatters after the 08-09 crisis so they didn't want to raise taxes right away and they put them off for a couple of years. seems to me with the covid shutdowns in the problems in our economy today we are in a similar position, so the tax hikes might be put off for a year or two because of the way the economy looks today. stuart: brian, we just put on

the screen the big banks which are doing very well. of their stocks are up to date two and 3%. i guess that's because a huge stimulus program would be run through the banks and they will take billions of dollars in fees. is that why they are up? >> i think that's part of the reason. the other party is the only way we are getting away with spending this much money, 3 trillion first stimulus bill, 900 billion seconds bailout bill, whatever we want to call it and now it looks like another 2 trillion, there's only one way to do that and that is printed money called modern monetary theory and the fed is expanding the money massively. inflationary pressures are picking up, long-term interest rates are inching higher in the spread between long and short rates is where banks earn money, so that's also helping banks, so yes, they make

money from disbursing loans, but they also make money in a sense that inflation widens the spread. and they lend at longer-term interest rates and borrow at shorter-term rates and the wider the spread gets the more money they make. stuart: brian, we are in agreement, the certainty in my opinion is a whopping great big multi- trillion dollar bailout and stimulus plan. here it comes. >> and inflation. inflation is coming. stuart: thank you. looking at futures, this is the story of how wall street response to the georgia election, bearing in mind we don't yet have a clear idea of who controls the senate. only one of the georgia races have been called. look at the nasdaq, down 200 points, back in a moment. ♪

stuart: futures pointing especially the nasdaq. mark tepper is with us this morning.

are you going to do any bargain hunting in the big text this morning? >> low, stuart, we are always bargain-hunting looking for diamonds in the rough. look at apple, apple was up like 75% over the last year. you can't go wrong by buying a lot of these big tech names, but for us the best thing we can do for clients is to identify some of the instances where maybe the company is doing well in stock performance has not been doing well so one of the names we like, stu, is no ticker km and that's one of the companies that can write on the coattails of the big tech, the coattails of apple so in all the devices everyone is using with phones to smart home figures-- speakers and i think there's a good opportunity there because it's down 15% over the last year. >> what we really want to know as was the relationship between

stock prices in 2021 and a potential clean sweep by the democrats of the house? they may get the senate and they certainly have the white house. the political shift to the left, clearly to the left and wall street, what's the relationship? >> i was a lot more bullish week ago. obviously a 50/50 senate the blue senate since kamala harris is the tiebreaker, the margaret loved the idea of a divided congress and now it seems obviously more likely biden's policies kick in work if you thought the market was rich a few weeks ago, how will you feel when the corporate tax rate goes from 21 to 28%? it's simple math that earnings for 2022 and beyond should come down by 9% show the market should come down by 9% in the market is forward-looking and also you have to think about

repositioning your portfolio in an industry that would benefit from a democratic senate. stuart: the ones thing propping up the market this morning's early the dow jones and s&p seems to be the promise of a massive stimulus program for taxation may come up later. >> when you look at stimulus, that's going to be great for the economy, great for anyone that receives the check whether they go to best buy for a new tv or they end up buying additional stocks in the robin hood account so as investors look for the best way to play back, i would look at some of those robin hood stocks with cultlike followings that could benefit from that additional influx. stuart: not exactly risk of vert when going with the robin hood stocks. my goodness me. you are an adventure. you are totally out of time because they are about to ring the opening bell. is a very important day.

they are clapping and as usual they will ring the bell and then we will head towards the first trades on this wednesday morning. the day after the democratic one one senate seat in georgia and the other is too to be called. we are often running and immediately we are down about 25 points. that's not much of a decline on a day like this given the georgia results. right now down nine points. that's the dow jones. the broader indicator, s&p 500 is also down, not much, .4%, not a huge decline bearing in mind the politics of the morning. nasdaq, i expect a big drop and there it is, one and a quarter precent big tech taking it on the chin we will get into that in a second. i want to look at one group of stocks that we have discussed already,

going straight up and that is the banks. moran, listed the reasons why the banks are doing so well. lauren: i'm going to give you two words, the first is the 10 year treasury yield, that's about 1% for the first time since march. two and three go to cover, stimulus, you made a point i have not heard that if the banks process-- profit they take these on the stimulus and i would be good for them, but if you have more money as a consumer or business you likely will pay down debt so that's one of the reasons we see goldman, j.p. morgan leading the dow jones and also american express is up. stuart: in the early days of the 3 trillion-- 2 trillion-dollar stimulus, i forget which one it is, went through the banks and they took in tens of billions of the fees, however big tech is down. here's the theme of the day.

susan: concerns of course of higher taxes and more tech regulation if democrats control both houses of congress. money coming out of these names that made a lot of money last year, but in this environment we are looking at and improving economic environment, especially with the 1% treasury yield. the 10 year note, you would imagine big tech would benefit from that as well; right? stuart: i would not be surprised at bargain-hunting. susan: i was looking at some of the monday morning quarterback in and a lot of wall street firms agree it will be more stimulus spending, according to goldman sachs. stuart: let's see how you know we start down, lets us see how close. susan: i agree with you. stuart: caterpillar in the green this morning. 3% gain, that's pretty good. what's behind the rise, lauren. lauren: and that's a 50. it's also a cyclical and industrial work we see

money rotate into these a cyclicals on once again stimulus health, plus help for infrastructure deal. a kind of works like an earnings beat if you will for the entirely manufacturing sector because it could translate into more sales for companies like caterpillar. stuart: they are doing well, 3% up. thank you. show me gun stocks. i guarantee they are up because of the increase in influence of the democrats. does the reason, ashley, i take it? ashley: good morning to the fear of a blue wave and tighter gun control measures giving a boost to the gun and ammo makers, smith & wesson up. firearm companies like those that big stock gains last year. by the way ammo maker is up a whopping 250% over

the last 52 weeks and according to the latest numbers nearly 23 million firearms were sold last year and background checks on prospective buyers surged 60% over 2019. last month a record. ruger says about 40% of these sales were and are to first-time buyers and i know we have discussed that on this show. stuart: then-- when the democrats look good gun the stocks go straight up. show me the marijuana companies, please. and they are up. are we going to get stoned with the democrats in office, ashley? ashley: i can't speak for you, stu, but stocks are high on the hopes the democrats may take the senate and they will push for more cannabis reform it measures joe biden and kamala harris have been supportive of opening the banking sector which is key and also other services for the pot

industry with cannabis companies still navigating the tricky regulations, which still means the black market is a thriving. fears the incoming administration will help to streamline and reduce pot regulations giving cannabis companies a big boost. look at that, up 12, 16%. stuart: that really is huge and that's a direct result of the democrats success overnight. thank you. tesla in a down market it's up again, 2.3%. i bet they have an upgrade. susan: that's right, morgan stanley says it's worth a hundred $10, around 10% more from current levels and they say tesla is in a good position, the best electric carmaker with people, technology and active capital, best in the business, but they say if apple gets into the electric car game morgan said it would be a case for tesla meaning bad.

we should point out that the amazon backed electric car name and truck maker now worth $25 billion, not 700 billion, but there is competition coming. stuart: amazon has a piece? susan: yes, and the have purchased and ordered some of their delivery tax. stuart: amazon is down 2% this morning, $3100 a share. jack dorsey, ceo of twitter and a square has come out-- this is interesting, came out against the bitcoin regulation's pt. susan: he says the new rules with foursquare and others to collect names and addresses of those that have bought bitcoin. that would motivate individuals that don't want to be found to hide and even hide their bitcoin transaction and make it more complicated to use bitcoin in the future. the bitcoin boom reach 35000 last night, one of

the most popular ways is on the cash app owned by square and they were so smart they bought $50 million with the bitcoin in october, that's worth a hundred $50 million now. stuart: if there is one thing a bitcoin buyer does not want is his or her name getting to the irs leaving a paper trail. susan: that's already a fact where if you own cryptocurrency you have to make the declaration. they probably don't want to be found using bitcoin with whatever activities they are doing. stuart: tell that to the bitcoin buyers. thank you. moderna, show it to me, please. of nearly 2%. y, ashley? ashley: because the eu has said yes, we will approve it and some would say it's about time. european medicine agency giving the green light to moderna vaccine with the use in eu, second vaccine to be approved following pies or bio intact.

there have been under fire to say the vaccine rollout has been close, for instance germany about 240,000 in the first week and as of sunday the netherlands has not even started vaccinating for there are also questions if the vaccines are being purchased by the eu. as a result modernist vaccine has been distributed in the uk and the united states, stuart. stuart: here's what's coming up, president trump will speak in our 11:00 o'clock hour speaking to supporters who are gathering in washington dc, the march to save america rally. when it happens you will see it on this program today. will this be his last to speech as president? may be. next hour, martha mccowan will join me with reaction

♪ (judith) at fisher investments, we do things differently and other money managers don't understand why. (money manager) because our way works great for us! (judith) but not for your clients. that's why we're a fiduciary, obligated to put clients first. (money manager) so, what do you provide? cookie cutter portfolios? (judith) nope, we tailor portfolios to our client's needs. (money manager) but you do sell investments that earn you high commissions, right? (judith) we don't have those. (money manager) so what's in it for you? (judith) our fees are structured so we do better when our clients do better. at fisher investments we're clearly different. it's time for theraflu hot liquid medicine.

powerful relief so you can restore and recover. theraflu hot beats cold. to listen, is to hear more than what's being said... and offer the answers that make someone feel truly heard. i understand, let's get started call a dell technologies advisor today. but there's only one way to become one... by going all in. the new lexus is. with a lower center of gravity, a more responsive suspension, and an aggressive wider stance. this is what we call going all in on the sport sedan. lease the 2021 is 300 for $359 a month for 39 months. experience amazing at your lexus dealer.

stuart: what a turnaround with the dow jones up triple digits up 106 points, about one third of 1% even though the democrats won one of the georgia senate races yesterday. the other one is undecided. the nasdaq is still down , not as much as before, of about .8% so the nasdaq is peering its loss. apple's chief tim cook got a pay raise last year. why is that? susan: their stock outperformed. if they are up 80% in one single day, the best performer and they made a lot of profit with megan numbers. tim cook cash bonus up 40%, 10 million last year adding to the salary of 3 million.

the bulk of their pay is stock options with cook raking in 280 million in apple stock in 2020. stuart: wasn't there mentioned about. profit going up because in part they are doing work from home? susan: yep. stuart: makes the company more profitable speeches we have seen that in record sales. i found 12 is selling better than anticipated, but also record sales, ipads, laptops and people said that was old tech going out the door but people working and schooling from home are buying those devices again. stuart: more profit to apple. susan: their stock has been rewarded with 80% gain last year and also one thing in their filing the fact they are now tied executive pay to future insect-- sectors.

stuart: thank you. oil, broke above $50 a barrel for the first time since february and oil is now $50.8 a barrel. the national average for a price of a gallon of gas is going up at now $2.27. stephen schork is with us, oil guy of the day. what does the democrat, okay one senate seat, one in georgia with the other contested, what does that performance mean for oil prices? >> at this point it means lots of volatility if we get dayshift for the democratic senate and in control of the white house we will violate the one-- number one tenet of finance. clearly the messaging we are getting from the incoming white house and if it is the senate is capital hydro- economy

will not be welcome so as the money flow inroads we are looking at a complete strain on the infrastructure, our ability to get it to the market so a lot of volatility and ultimately likely higher prices. stuart: in the immediate future if we are looking at a multi- trillion dollar rescue or stimulus package, that's going to chuck a lot of money into the economy, some will find its way into oil and gas i presume. that's another reason why $50 a barrel. >> absolutely. what you have seen over the last two months is a complete turnaround in the curve of pricing. that's to say up until about a month ago spot prices were well below prices into the future, so really was a signal that demand was weak relative to the amount of supply and that's completely turned around now, we are looking at a scenario where prices in the nearby are moving above the lower data

contract so that's a clear signal the market is pricing in stronger fundamentals that's a good sign for the upturn. even nine, $50 a barrel is still a attractive price, a price that consumers at the pump can handle based on historical metrics, but more importantly as far as that north american producer, the 50-dollar range is a comfortable level, much better than where we were a few months ago, so that's a clear positive sign going forward in the economy. stuart: will we hit $3 a gallon for regular gasoline? >> i think $3 a gallon over the winter, no. essentially we are still burning consumer winter gasoline that's affordable cheap gasoline to make. it all depends on where we are come the summer when we have to go and

burn a cleaner gasoline that's more expensive to manufacture so there's always an uptick as it's harder to manufacture and we have stronger demand. there is the crux of it, it's contingent upon colgate. if we are still in a locked down from the we are still looking a gasoline prices below $3 a gallon for the summer driving season. stuart: i don't want the lockdown, but i do want lower gas prices. thank you. look at the solar stocks. i'm pretty sure they are surging, 16%, 12%, 13% on the upside and my guess is for hopes of a green new deal c-2 especially with control of both houses of congress and more spending and infrastructure you can imagine a lot of that going to climate change. stuart: ossoff claimed victory, not officially confirmed so democrats don't yet control the senate, but they are looking good.

i will put it like that. the dow jones up 164 points. kim kardashian beauty line has a closed a deal with cody. how much money are we talking about, lawrence? lauren: $200 million, but the deal value can be a billion dollars, so coty takes a 20% stake end the stock is down a bit today. it needs a boost. what i find unbelievable is that kim kardashian west started the line in 2017 and really all she does is promote it on social media and she's expanding it to skin care is where billion dollars and i would be remiss by didn't tell you this. the line is called kk w for kim kardashian west and there are reports today that she's filing for divorce from kanye west, her husband. stuart: glad you got that in. helpful information. thank you, celebrity news.

another celebrity coming on the show today, the barstool fund has over $18 million so far off for small businesses and the man behind it is dave portnoy. big success with his fund. dave joins me next hour. next, even with several vaccines, work spaces are going to look different. we will tell you all about that next. ♪

do you have a life insurance policy you no longer need? now you can sell your policy, even a term policy, for an immediate cash payment. we thought we had planned carefully for our retirement. but we quickly realized that we needed a way to supplement our income. if you have one hundred thousand dollars or more of life insurance you may qualify to sell your policy. don't cancel or let your policy lapse without finding out what it's worth. visit conventrydirect.com to find out if you policy qualifies. or call the number on your screen. coventry direct, redefining insurance.

stuart: well, look at this, we have a turnaround for the dow jones as it's up 180 and a turnaround for the s&p now up almost a quarter precent. the nasdaq still down, but pairing its losses only down a half percentage point. many firms believe that work from home is indeed here to stay. that means empty offices. christine a-- christina, how are companies adapting? >> right now they anticipate people will return to the office until at least late spring, early summer and so that means so many

office buildings like this 49 story building behind me on park avenue sit almost completely vacant and right now we have the vacancy rate at 15% manhattan. that's 60 million square feet of just empty space, know when they're. we have not seen levels like that since 1999 and i spoke to a real estate holder who believes it will get worse. >> so, what we are looking at is not a market correction or an overbilled market, it's a paradigm change in behavior. there are-- they are no longer going to the office. they have realized this works. >> talking about office space, it will look different when we do go back. take for example this video from cisco. this is a mock video of touch screens. the screen would monitor with sensors, so if too many people are in a meeting it would say you

need to walk out and other suggestions are staggered talk-- work times and it may no longer be taboo to take a sick day. all in all we want people back in buildings because they bring in tax dollars helping local cities of. stuart: thank you. next case, a busy day ahead guaranteed. still ahead, tim murtaugh with the trump campaign and dave portnoy, martha mcallen, kimberly l on the show and yes the president speaks at 11:00 a.m. and you will see it. ♪ . .

now get a $10 gift card when you spend $30. cvs. healthier made easier. it's time for aerotrainer, with your weight and health? now get a $10 gift card when you spend $30. a more effective total body fitness solution. (announcer) aerotrainer's ergodynamic design and four patented air chambers create maximum muscle activation for better results in less time, all while maintaining safe, correct form.

aerotrainer's unique design allows for over 20 exercises for a total body workout. plus, you can easily transition from one exercise to the next. want tighter abs and a stronger back to help relieve pain? do the aerotrainer super crunch. the pre-stretch works your abs even harder, engaging the entire core. then it's the back extension, super rock, and lower back traction stretch to take the pressure off your spine and stretch muscles. planks are the ultimate total body exercise. start with a wall plank and progress with maximum muscle activation with comfort. work your lower body with the aerosquat or advanced super squat, all while in a safe, ergonomically correct position for maximum results. build your upper body with pushups. aerotrainer is perfect for bridges and total glute workout. (host) need to reduce stress? just stretch and breathe. (announcer) plus, it's a great platform to enhance yoga and pilates moves, even increase flexibility and reduce back pain for golfers.

the aerotrainer is tested to support over 500 pounds. train hard, because aerotrainer can take it. it inflates and deflates in less than 30 seconds using the electric pump. aerotrainer works for families, beginners, and athletes. use it anywhere. even strengthen your core while watching tv. head to aerotrainer.com now. aerotrainer's unique design allows for over 20 exercises for a total body workout, all while maintaining safe, correct form. now it's your turn to lose weight, look great, and be healthy. get off the floor and get on the aerotrainer. go to aerotrainer.com, that's a-e-r-o-trainer.com. i'm dorothy hamill. if you're turning 65 soon, like me, you might be thinking about medicare. i know i want coverage that connects all the different parts of my health care to keep me aging actively. aetna medicare advantage plans offer $0 monthly plan premiums and prescription drug coverage.

with benefits like dental, vision and hearing. and telehealth. that's the aetna medicare advantage. call today to learn more or to be connected to a local agent in your community and we'll send you a $10 visa reward card with no obligation to enroll. ♪. stuart: beautiful. i will go with that. i kind of like the rhythm there go me going. got me going, ladies and gentlemen got me going and this gets me going. we have tim murtagh, dave portnoy. next hour, kimberly classic, tom homan, got that? by the way happening one hour from now president trump addresses the march in washington. could be his last major

presentation from this president. you will see it right here when he takes that stage on your screen right now. five stocks, look at them, these five stocks are adding a total of 190 points to the dow industrials right now. caterpillar, goldman sachs, jpmorgan, american express, honeywell, they're dow stocks, doing well. the dow is up over 240 points. ain't that something. democrats looking real good in georgia last night. they have got the house. they could take the senate. that is in doubt at the moment, nonetheless, dow is up 200 at 30635. now about that? the balance of political power favors the democrats. the left believes that socialism is just around the corner. so in the immediate future, just around the corner, in the early days of the biden administration what are they going going to do?

more to the point, what will the socialists be able to do? my answer is, not that much. relax, everybody, in a closely divided congress, a rarely seen president, hard to see the socialist wish-list going anywhere. there are surely enough democrat moderates to kill massive tax increases or for that matter the green new deal. only takes one joe manchin to object. he has become a very powerful guy. the democrats will still be cheering, here's why. especially cheering the democrat governors of new york, new jersey, illinois, california. they're going to get a bailout, folks. they are lockdown states, riddled with debt from their own government workers pension plans. they are desperate. their only hope is massive help from the federal government which by the way is run by their colleagues on the left. they will get their money.

it will be wrapped into a huge so-called stimulus plan. this is the promised lan for governors, cuomo, murphy, pritzker and newsom. that is bad news for the rest of us. we'll be on the hook. if the feds will pick up the tab why not keep the lockdowns going? they don't care about damages to the small businesses. they don't care about the economy. that is the short term, easy to achieve, politically attractive, trillions for stimulus and bailouts. that is a far cry, a very far cry from biden's two trillion dollars worth of tax increases or statehood for puerto rico or d.c., the end of fossil fuels, confiscation of wealth, all the other items on the socialist wish-list. that is my opinion, socialism delayed. i want to see the reaction to that statement from my colleague and friend liz peek who writes frequently on the dangers of socialism. all right, liz, i'm saying

relax, socialism delayed. are you going to take me on? >> well i wouldn't relax totally, stuart. most of the wish-list of the democrat agenda involves higher taxes and i think we're going to be looking at a substantial tax increase almost no matter what. it will either come through massive hikes in new york city, new york state, illinois, all the states you mentioned but on the federal level. look at items democrats want to push through right away as you point out, $2 trillion in stimulus. they're going to go there, you can count on it. that is one of the reasons they think they took the senate races most likely in georgia. those have not been called yet but certainly seems like democrats are leading there. i think those checks are going to go out. everyone on the democrat side said that the 900 billion-dollar plan was inadequate. so they're going to come up with something even better, they're promising that. they're also promising a big infrastructure spend.

so when you start spending so money, stuart, where does it come from? ultimately from successful americans paying the bulk of the taxes. that who is going to see their income redistributed that is the beginnings of socialism. i think we can count on it. stuart: but in a very narrowly divided congress, i don't know whether john as is ossoff wins his race in georgia, i don't know whether democrats take the senate, it is up in the air at the moment, but it will be narrowly divided, in that political arena can you put whopping tax increases to the rich? it only takes one or two democrats to object it doesn't go through. >> joe manchin, krysten sinema, a moderate democrat has voted on republican lines to stand in the way of those things. they will be under enormous pressure.

democrats we focused on discord in the republican party. we'll see what discord in the democrat party really looks like. joe biden basically brushed off all the attacks and criticisms of the far left. i honestly think you have to feel sorry for joe biden, if they win, the races in georgia and again that has not been decided yet, joe biden will have no excuse for not pushing through some of the things that aoc squad wants to see. so i think, yes, there is going to be, it is going to be very close but i think the democrats are going to worry two years to now, four years from now, if they haven't accomplished any of the things they ran on, they will be pushed out again. i don't think they want that to happen. stuart: they better be worried if they go get tax increases they want, the economy goes into recession they will look pretty bad in 2022 and 2024. liz, out of time. thanks for being with us on a very important day. liz peek. >> thank you. stuart: back to the markets. we got a nice turn around up 260

on the dow. 30,650 we've got. small turn around for nasdaq -- sorry, for the s&p. nasdaq down but not that much. john lonski is with us. john, you're an economist. we have a new political alignment whatever happens with the georgia senate race that is still outstanding, whatever we got, we have a new political alignment. what does that do to the economy what do you think? >> you're looking for more fiscal stimulus. you however get higher taxes. i think what happens is that with increased taxation, with increased regulation, the animal spirits of small businesses, medium-sized businesses are bound to suffer and we might be surprised at the extent to which this withdrawal of business activity, of risk-taking, adversely affects the economy going forward. stuart: you think we're going to get big tax increases in such a

narrowly divided congress? >> that is going to be very difficult to pull off. stuart: yeah. >> the last time we had an increase by the corporate income tax rate was back in 1993. that alone tells you that increasing the corporate income tax rate is not necessarily a very good idea. but at that time the rate was barely increased i believe from 34% to 35% for large corporations. this time around, they're talking about increasing the corporate income tax rate from 21 to 28%. much bigger increase. also, this is a much different world compared to 1993. we have much more in terms of globalization. if tax rates raise too high in the united states, companies might decide to produce elsewhere outside of the u.s. stuart: this morning adp reported a the loss, the loss of 123,000 private sector jobs in

the month of december. when you losing jobs like that, you're still got lockdowns in various states, i think it would be very difficult to push this congress into huge tax increases that very easy to push them into a whopping great big stimulus program. that is where i think we're going. last 20 seconds john. >> exactly right. stuart, in anticipation of more fiscal estimate us are. the 10-year treasury yield risen above 1 percent, 1.05%. this is a warning that if we have too much fiscal stimulus we may get too great of a increase by treasury bond yields. that would damage interest sensitive spending on housing. that being said, however, this time is different. if the federal reserve may decide to at least temporarily monetize the debt. that is purchase the new treasury debt created by this funding of increased federal spending. now how long the fed can get away with that remains to be

seen but i can't help but notice weakening of the dollar exchange rate. there is probably some concern over the degree to which the fed funds any increase in federal spending and what that might mean for the long term u.s. inflation outlook. stuart: they will print it, the treasury will borrow. that is the way it is going to be. john, see you again real soon. look at markets. bring you up to speed on big tech, they opened sharply lower. come back a little bit. down one or 2%. bring us up to speed, susan. what is happening? susan: apple maybe down 3%. at the end of this do you think we'll get into positive territory. stuart: wouldn't surprise me. susan: i think the thinking on wall street this morning is democrats will likely hike taxes if they control both houses of congress and regulate big tech. so the apple, amazon, facebook, google, microsoft make up over a

quarter of the s&p 500, most concentrated influence on the subpoena since 1990. this rotation taking place right now to these stocks have done so well over the past year, made 80%. apple takes some much that money, going into something with more upside like banks and caterpillars, industrials, materials we talked about, people have not been touching because the economy and global economy has been mired during covid. stuart: look at that dow. we're up 324 points. better than 1%. susan: i want to get into some of these predictions out there. i think the consensus on wall street democrats will spend a lot more. whether it's a trillion, goldman says it will be 600 billion. deutsche bank says that will improve the economic recovery above 4.3% gdp. stuart: i can see it. the dow is now at a new record, 30,700 on the dow industrials up 300 points. let's take a look at gold. it is down 20 bucks. so what is going on with that, lauren?

i thought it was a flight to safety? lauren: right. overall it is popular again. the best performance last year in a decade. before today, up five days in a row for a gain of 60 bucks. so the reason that we're seeing gold rise exempt for what you're looking at right now is this, whatever shade of blew you will call it, i will not call it a blue wave but blue ripple, right? a democratic administration means the government spends more money that could lead, this is what susan was saying higher inflation as they spend. gold is a hedge against that. also the dollar down. that makes gold cheaper for foreigners to buy. it is also a safe play. look at number of infections of covid across the world? that is why gold is attractive despite the 1% pullback. stuart: got it. thanks so much, lauren. do you remember this, a viral ad from maryland congressional candidate kimberly classic.

roll it please. >> i'm kim klacik i'm running for congress because i care about black lives. all black lives matter. baltimore matter. black people don't have to vote democrat. stuart: kimberly lost the election that ad was promoting. she is on the ground in georgia. she will promote us later today. we're joining dave portnoy joins us. when he joined us a couple weeks back the fund had $3 million in it. this is to rescue small businesses. now it has over 18 million in it. portnoy gives an update short live. we're waiting on president trump. he will address the rally outside of the white house. we expect to see him around 11:00 this morning. we're there. we'll take you there when he starts speaking after this.

shingles? dios mio. so much pain. 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? prevented. you can get vaccinated. where? at your pharmacy, your doctor's - hold on! don't want to go through that! 50 years or older? get vaccinated for shingles. now.

50some companies still have hr stuck between employeesentering data.a. changing data. more and more sensitive, personal data. and it doesn't just drag hr down. it drags the entire business down -- with inefficiency, errors and waste. it's ridiculous. so ridiculous. with paycom, employees enter and manage their own data in a single, easy to use software. visit paycom.com, and schedule your demo today. it would be for me to discover all of these things that i found through ancestry.

i discovered my great aunt ruth signed up as a nursing cadet for world war ii. you see this scanned-in, handwritten document. the most striking detail is her age. she was only 17. knowing that she saw this thing happening and was brave enough to get involved and do something- that was eye opening. bring your family history to life like never before. get started for free at ancestry.com to life like never before. robiwithout the commission fees and account minimums. so, you can start investing today, wherever you are - even on the bus. download now and get your first stock on us. robinhood.

it's time you make the rules. so join the 2 million people who have switched to xfinity mobile. you can choose from the latest phones or bring your own device and choose the amount of data that's right for you to save even more. and you'll get nationwide 5g at no extra cost. all on the most reliable network. so choose a data option that's right for you. get nationwide 5g included and save up to $300 a year on the network rated #1 in customer satisfaction. it's your wireless. your rules. only with xfinity mobile.

♪. stuart: president trump came out and campaigned for both republican candidates in georgia but democrats got more people to come out and vote in yesterday's election. tim murtagh joins us trump communications director. tim, that looks to me like the president hurt the republican turnout in yesterday's georgia election. what say you? >> oh, no. i don't think so. the president went and rallied georgia voters around i think it is important to remember, stu, that a couple of things about these races in georgia. first of all kelly loeffler hasn't conceded yet. it looks like the david perdue race is likely headed to recount in the runoff. couple things about those races. in between november and last night's election, georgia didn't

do anything to clean up its voters rolls. this was run under same operative constrictions the state entered into a consent decree with stacey abrams outfit. stuart: i do apologize for interrupting. i do pole guise interrupting. i heard this before, you had somebody in the trump campaign going out saying don't vote. the whole system in georgia -- >> no, stuart. i would take issue with that. no one from the trump campaign ever did that. stuart: but can't remember who it was. somebody said it. >> no one from this campaign ever said that. the president vigorously campaigned in georgia twice. another important point to remember here what this race boils down too -- stuart: i don't understand why the republican turnout went down and democrat turnout went up? >> what this race boiled down to in the end was the question of the 2000-dollar payment. one set of candidates saying vote for us and you will get $2000 in cash.

on the other side we had proof that out of washington that $2000 was not going to be forthcoming t was a very effective argument in the closing days. i think it is not to be over look what impact had on the race. turnout and vote switching, otherwise. people knew what the choices were. kelly loeffler and david perdue siding with the president supporting the 2000-dollar payments but on the other side you had the democrats who were able to make the case that they were the ones who would get the 2000-dollars passed because of course it did not come out of senate in washington as it currently is constructed. stuart: what is the president east plan after he leaves office on january the 20th? do you know if he is going to run? is he going to run in 2022 in some capacity or 2024? if he does, he freezes the republican field, does he? >> he will not get ahead of president what his plans will be in the future. regardless what happens over the

next 14 days president trump remain as towering figure in the republican party. look what will happen in washington today. hundreds of thousands of americans coming from all across the country to support the president and protest what they believe was a rigged election. that is proof that the president remains the leader of this massive movement, the maga movement. and he is already set up a political action committee. regardless what happens over the course of the next two weeks, the president remains the biggest figure in the republican party today. he has already of signaled his intent to get involved in races moving forward at the state level, in federal offices in different states. so i think you will see, again, regardless what happens over the next two weeks the president remains probably the biggest factor in a lot of these races. stuart: last one, tim, i do apologize for interrupting you like that, i do apologize. >> that's all right. stuart: any idea what the president is going to say at 11:00? >> well he will thank all the hundreds of thousands of people who have been assembled. they have been out there for a couple of days.

i think he will run through all the states at issue here. problems in states like georgia which i mentioned. in pennsylvania how the secretary of state and democrat supreme court of pennsylvania effectively moved the date of election, pushing to receive ballots after three days. if you voted in philadelphia, more rural county, you were treated differently n philadelphia you were given a chance to cure your ballot, so it wasn't kicked out if it filled out incorrectly by mail. in rural counties you were not given that opportunity. president will go through the states he sees there were electoral problems, irregularities, the fact that voting rules and voting laws were changed in many cases at very last minute by bureaucrats and not state legislatures as the constitution intended. stuart: got it. we'll hear that at 11:00 this morning. tim, we hope to see you again. >> thanks, stuart. stuart: there has been some significant financial market

movements today including that on your screens right now. a big jump in the yield on the 10-year treasury. it is now 1.04%. doesn't sound like much to many people but that is a huge jump. what is going on. why is it moving up so much, lauren? lauren: the first time since march it broke 1%. it is psychological level. it reflects brighter economic outlook, if the government spends more money, puts money in the pocket, that heals the economy, drives growth, with that inflation. that increases the chances that the fed raises interest rates. it is not just the 10-year that is surging today. the 30 year yield also hitting its highest level since march, topping 1.8%, stuart. stuart: i think that is probably a shot in the arm for the dow as well. you're straight up in yield. the dow straight up as well. >> right. stuart: how about bitcoin? susan, it hit, 35,255.

susan: close to a record there. digital gold is what bitcoin is these days. it's a hedge against machine any printing where you need to store value and wealth elsewhere. money printing, some of that goes into bitcoin. we know it has been buying some of the cryptocurrency. there are not a whole lot of bitcoins. the moves exaggerate up or down. jpmorgan as i mentioned to you 146,000 is their forecast. citi says bitcoin is going to 300,000. getting back to the treasury yield. i want to mention this it is important to note the treasury yield tells where the investors think the economy is going. if it goes up, that is an indicator that there will be accelerated improvement in the u.s. economy. stuart: multitrillion dollar rescue plan goes into the economy, stimulates, up goes treasury yields. thank you very much, susan. next guest on the show is dave portnoy. watch this. >> i'm encouraged, i'm happy

about it. i hope it is the beginning. we want to raise tens of millions of dollars because there is not enough to go around. stuart: has $19 million in his fund. almost 19. dave is up next. how much has he got now? >> oh! you have got no idea how hard i worked. >> we definitely want to help. >> thank you. you are amazeing. ♪. 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

do you have a life insurance policy you no longer need? now you can sell your policy, even a term policy, for an immediate cash payment. call coventry direct to learn more. we thought we had planned carefully for our retirement. but we quickly realized that we needed a way to supplement our income. our friends sold their policy to help pay for their medical bills and that got me thinking. maybe selling our policy could help with our retirement. i'm skeptical, so i did some research and called coventry direct. they explained life insurance is a valuable asset that can be sold. we learned that we can sell all of our policy or keep part of it with no future payments, who knew? we sold our policy. now we can relax and enjoy our retirement as we had planned. if you have one hundred thousand dollars or more of life insurance you may qualify to sell your policy. don't cancel or let your policy lapse without finding out what it's worth. visit conventrydirect.com to find out if you policy qualifies. or call

the number on your screen. coventry direct, redefining insurance. >> hello. >> [screaming] oh, my god! can't tell you how happy i am. >> this is a godsend. this is a really a godsend. i can't wait to tell my employees they still have a job for at least a few more months at least. >> been in business so many years. >> oh, my gosh. >> i have so many employees i had to let go. >> oh.

>> it is so fantastic. thank you so much. >> i know. >> don't cry. stuart: just love that stuff. small business owners getting a lease on life after a life-changing call from barstool sports founder dave portnoy who joins us now. dave, congratulations, i think you're doing fantastic work there, helping people directly. last time you were on the show you got three million in your fund. now it is over 18 million. how much have you got there now and who is contributing the money. >> we're closing in on 19 million. you know, we have some celebrities. kid rock reached out unsew list at this timed. guy fieri has been a big help. tom brady. dana white donated a 100 grand. we had a lot of big celebrities. we have over 160,000 individuals this every day people. the people like barstool.

they care about what is going on. that may be the best part about it. stuart: how do you select the business to help? >> we solicit emails, send us video, a story. two requirements basically we look for. a, you were a successful business before the pandemic and b, you are still paying your employees as best you can. we're helping not only the business owner but the actual employees as well. stuart: you're calling out cnn because they promoted beyonce's efforts to help businesses but left you completely out of it. stayed silent about you completely. have at it. >> yeah, i have no problem with them talking about beyonce. any charity is good. she donated half a million dollars to helping people getting kicked out of their houses because of covid which is great. we're closing in on 20 million. we helped 80 businesses. i don't care if you're political, not political, i will

beat the drum on any network anywhere, more publicity we get, more donations, more businesses we can help. i don't know why cnn would not mention it to help people, help small businesses. that was i making fun of or trying to prod of. i have nothing against beyonce. she is a famous. she is doing good work this is something good. that would help everybody. we were on "the today show." that was great this morning. stuart: you will get a lot more people to help. these lockdowns, they're still with us. businesses are being shut down all across the country. there is no let-up for these guys. >> listen, sounds like a lot of money what we've raised. i keep saying it. no amount of money will ever be enough. this is a government issue with the money involved but they're not getting involved. we'll never help all the businesses. we have 10,000 emails coming in. we'll never reach that. we have to keep driving, keep

donating. i'm shaking my friends down on twitter who are rich shaming them. i sent a tweet to a-rod. where are you a-rod? i'm guilting people. more money we get, more people we can help. we never have enough. stuart: coming back for a town hall on fox business to talk about all the businesses you saved? maybe surprise a few people live during the special and just tell them, hey, we rescued you, you want to do it. >> i'm down for that. any publicity is good publicity. stuart: okay. what are you aiming for? you got 18, 19 million now. you're going as much as you can get, right? >> i'm aiming for the moon or infinity. if we get 200, what we need real rich people, billionaires, elon musk, i'm tweeting him. people can make real, real significant donations. i will start out to shake them down. do you have any phone numbers for me? stuart: shake down.

please don't use that expression on this show. we -- >> we have to shake them down, stuart. this is the only way to do it. they don't donate until i get them around the throat. stuart: the democrats will do that, shake down the rich. >> i don't care where it comes from. give me the money so i can give it out. stuart: all right, invitation stands. come on the show. come to a town hall. we would love to have you. hey, portnoy, i think you're doing great work. i really mean that. you're a good man. >> thank you, stuart. stuart: i don't care what they say. >> taxi driver, don't forget that one. stuart: you never let me for get that one. >> i like you. i'm a fan. stuart: dave, hope to see you real soon. >> take care. stuart: back to the markets real fast, talk about a turnaround, we got a turnaround it is all green. the dow is up 400. s&p is up .8%. nasdaq has now turned positive.

told ya. how about oil. i think we're holding at 50 bucks a barrel. we're up actually, $50.27 per barrel. we have a lot more coming at you. why don't we show the financials while we're on this. have we got them available? i think we do. they are big winners today, huge winners, big banks doing really well. susan: best-performing sector in the s&p 500 today. stuart: jumped all over me, i was going to ask you why they're doing so well? susan: there are multifaceted reasons. treasury yields up 1% for the first time. when yields go up, that means banks make more money off loans they give out. underperformers last year. so there is a bit more shall we say upside in some of these stocks. they're trading like economic proxies. stuart: huge. susan: as u.s. economy performs so go these bank stocks. by the way factory orders in november even accelerating in the month. that is even better than anticipated. combine that with the ism you were blown away by, the best read in two years, that means the factory floors are turning

once again. that means the u.s. economy should recover pretty well next year. stuart: look at that citigroup up 6%. wells fargo up 7%. my goodness. that is a rally 1/2. now this, 50 different politicians, government officials, they have now made the cut for the covid hypocrisy list. we'll tell you who is on it, what it is all about. we're waiting for the president, 11:00 this morning eastern time it is. he will speak at the rally outside of the white house. that is about what, 20 odd minutes from now? we'll take you there when he starts speaking. we're waiting the final results from georgia. stay with us please. warnock won, ossoff claims victory, but that is not official. the news coming thick and fast this morning. ♪. turn on my tv and boom,

it's got all my favorite shows right there. i wish my trading platform worked like that. well have you tried thinkorswim? this is totally customizable, so you focus only on what you want. okay, it's got screeners and watchlists. and you can even see how your predictions might affect the value of the stocks you're interested in. now this is what i'm talking about. yeah, it'll free up more time for your... uh, true crime shows? british baking competitions. hm. didn't peg you for a crumpet guy. focus on what matters to you with thinkorswim. ♪ "you have cancer." how their world stopped and when they found a way to face it. for some, this is where their keytruda story begins. keytruda-a breakthrough immunotherapy

that may treat certain cancers. one of those cancers is advanced nonsquamous, non-small cell lung cancer, where keytruda is approved to be used with certain chemotherapies as your first treatment, if you do not have an abnormal "egfr" or "alk" gene. keytruda helps your immune system fight cancer, but can also cause your immune system to attack healthy parts of your body. this can happen during or after treatment and may be severe and lead to death. see your doctor right away if you have new or worse cough, chest pain, shortness of breath, diarrhea, severe stomach pain or tenderness, nausea or vomiting, rapid heartbeat, increased hunger or thirst, constipation, dizziness or fainting, changes in urine or eyesight, muscle pain or weakness, joint pain, confusion or memory problems, fever, rash, itching, or flushing. these are not all the possible side effects. tell your doctor about all your medical conditions, including immune system problems or if you've had an organ transplant, had or plan to have a stem cell transplant or have lung, breathing, or liver problems. today keytruda is fda-approved to treat 16 types of advanced cancer. and is being studied in hundreds of clinical

trials exploring ways to treat even more types of cancer. it's tru. keytruda from merck. see the different types of cancer keytruda is approved to treat at keytruda.com, and ask your doctor if keytruda can be part of your story.

stuart: that's a rally. i'm going to call it a stimulus rally. the democrats have done very well in georgia. they're really challenging republican supremacy in the senate. nonetheless the outcome of all of this, this is my opinion, is likely to be a whopping great big stimulus program. that's why all the markets have turned around. we've headed south to start with. now we're going north. look at that, new high for the dow, 30,800. the nasdaq was down a lot, now it's up a fraction and the s&p is up nearly 1%. then there is this, the heritage foundation, it released a complete list of covid hypocrites. i hear somebody laughing. ashley, who are some of the people on the list? ashley: where do i begin? of course california governor gavin newsom makes the list. his trip to a fancy french

restaurant. the mayors of l.a. and d.c. being flagged for encouraging or actually taking part in mass protests despite banning large gatherings. look at this gallery of folks. the mayors of philadelphia and denver. new york governor cuomo, also getting a dishonorable mention for engaging in non-essential travel. guess, what, stuart, turns out the heaviest concentration of hypocrisy appears to be along the upper east coast in california. the regions by the way with the strictest rules. at least for us. stuart: why am i not surprised? that is a list of folks on the screen right there, nicely put, ashley. president trump is expected to speak at a rally in washington a short while from now. martha maccallum is with us. she is the host of "the story" on fox news. martha, i don't know what the president is going to say but in my opinion he has split the

republican party. do you have any comment on that? >> that is absolutely true. i think it is absolutely true, stuart. we just watched donald trump, jr. state very clearly he said this is donald trump's republican party. he said pick a side. and i think there is, you know, i think that anyone who thinks that things are going to just return and hit rewind to the pre-trump period in the republican party is sadly miss taken. there is a tremendous amount of passion and force. the president got 74 million votes, more than any republican, more than barack obama in fact in his run for presidency. so i think that you know, a lot of this, and i do look forward to hearing from the president in a few moments is really going to come down how he sees the future and what he wants to do and what role he wants to play because it feels like there was a lot of conflict in georgia, conflict whether or not the fight was over the presidential election

which obviously he feels very strongly about and a lot of americans feel very strongly about or the overall goals of the party and of conservatism and republicanism and where, what role he wants to play in looks like it will need to be a serious rebuilding of the party. stuart: i keep saying it. it freezes the field. if the president sticks around and is active in politics, maybe running again in 2024, we have don't know that, but if he does any of these things he has frozen the republican field. how do you get new up and comers to take a leading role in the republican party fit is so dominated by the former president? >> if that is the case if the president wants to take a active role outside of the white house, i think a lot depends what his appetite is for that, the next month, the next month down the road. if he remains as fired up to lead the movement he clearly built and owns, then he will

continue to be the standard-bearer for the party and the rest of the party is going to have to you know, sort of find their place in that. that would mean candidates he supports will be the focus of attention. you can see, and i think it will be fascinating to watch in congress this afternoon, the senators who have chosen each side, right? they're clearly putting down their markers with hawley and cruz on one side and tom cotton on the other side, others with them. they put down their markers. watch mike pence, how does he walk this line over the course of the next weeks or months. he also would probably love to run for president in 2024. so this is extremely dramatic and very, very high-stakes today, stuart. stuart: it is indeed. martha, i don't know when you sleep. i don't know how you do it. i do three hour live show. you do nine, 10 hours at a stretch on regular basis. i don't know how you do it. >> fired up. great to see you.

stuart: we'll watch tonight on "the story," 7:00 eastern fox news. thanks, martha. now this, we have a new report which says border agents have encountered, i think that means apprehended 80% more illegals at the border as we approach a biden presidency. tom homan coming up on that. look at this, this is a photo of the crowd growing outside of the white house as we wait for president trump to speak. griff jenkins is at that rally. we're going to join him in a moment. you know this could be president trump's last major address as the president of the united states. we'll take you there as soon as he starts to take the stage. as we play some neil young, why not? he is selling 50% of his publishing rights to his entire song can catalog, selling to a british investment fund, guess

the price? $150 million. we'll be right back save hundreds on your wireless bill

without even leaving your house. just keep your phone and switch to xfinity mobile. you can get it by ordering a free sim card online. once you activate, you'll only have to pay for the data you need starting at just $15 a month. there are no term contracts, no activation fees,

and no credit check on the first two lines. get a $50 prepaid card when you switch. nationwide 5g is now included. switch and save hundreds. xfinity mobile.

stuart: if you're tuning in looking at a stock market rally you may be a little surprise because the democrat did capture one georgia senate seat, the

other seat up for grabs has not yet been decided. jon ossoff, who is the democrat contender, he has claimed victory but that is not yet being made official. but despite all of that, despite a clear trend towards the democrats, stocks are rallying and rallying big time as of this morning. just a couple minutes away from president trump. he is going to address this save america rally. that is in washington, d.c. griff jenkins is there. griff, it occurs to me this could be the president's last major address as the president of the united states. reporter: it sure could be, stuart you know the president's going to come here in a matter of minutes and he is going to give sort of a "braveheart" speech to republicans on capitol hill to try and challenge and contest the electoral certification but it is really dead on arrival because both sides, the house and the senate, will have to vote to support that kind of action.

with speaker nancy pelosi democrat-controlled house that will never happen. the math in the senate isn't even there. the growing number of senators led by ted cruz is growing. on the stage behind me, stuart, the president's attorney, rudy giuliani, is laying out much the widespread voter fraud claims, the voting machines. dead people voting in other places which is a concern of some 10, 20, 30 million americans or more that voted for donald trump. however in the courts as we know it didn't go that way. now we also saw in the stage behind me we saw donald trump, jr., eric trump, we saw lara trump, a lot of members of this group that you've seen during the campaign since challenging this election. bottom line, donald trump, jr. had a great line, stuart, the republicans on capitol hill in a matter of hours can choose to be a hero or a zero. but reality of it is, it is just not likely to succeed because of

the math. you can look for kelly loeffler, who will be there challenging for the state of georgia. then you will have hawley that will start first for the state of arizona. then of course ted cruz will make the certification challenge for the state of pennsylvania. but at the end of the day, and every time you have one of these, they will stop for two hours and debate it because there is a sponsor in the house and the senate. therefore this could go on for hours, well into the night, maybe even tomorrow. but bottom line, to talk about where you started this report, the president may be taking the states with the last time, talking to this group. that is why we heard things from the president's supporters like both his son eric and his son don, jr. both said the president will never stop fighting for you, talking to this crowd. it will be interesting to see what message he sends. lastly, let me just add this, stuart. that is the pressure that the president is putting on

vice president mike pence is harder than he has ever done it. it will be quite a loyalty test for pence because he wants to try to send the certification back to the state legislatures but there is really nothing in the constitution that would give him that kind of unilateral power. stuart? stuart: griff, i take your point. this may be the president's last major address as president but by speaking like this to that crowd he is telling everybody he is not going away from the republican party. he is still going to dominate it. he will still may a major role in the republican party. he is not going away from that, is he? >> no, he is not. great point, stuart, because when don, jr. was on stage, he said this isn't the republican party. this is donald trump's republican party. if you look, i went up in a crain, i shot video for you, stuart, that we can show the thousands that are on the mall.

this is a movement. we have the leader of the tea party, that started the tea party amy kremer in 2009, this has gone from a true tea party movement to a maga movement and donald trump's footprint has ever been the centerpiece of this. he may be gone january 21st, but the movement certainly will continue to lynch and you're going to hear, i think, donald trump, president trump today talk about some form of primary republicans if they don't support him today in a matter of hours when they start challenging the certification results. stuart: it is very difficult to give a live report when there is all that noise in the background and a vast crowd around you. griff jenkins is the man to do it and do it well. thank you very much, griff. see you later. thanks a lot. currently on the stage members of president's legal team.

rudy giuliani standing to the right there. any moment now the president will appear. he is due to start speaking around 11:00 this morning, maybe a little late. as soon as he starts to speak we'll take you there. still ahead in the final hour of "varney & company," the 11:00 hour, todd piro, kim klacik, tom homan and of course the president of the united states. third hour of "varney" moments away. ♪. ♪ ♪ ♪ ♪

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. ... - really? i just had my 17th surgery. - well, you beat me. - well, i am a little bit older than you. - yeah it's true. how are you doing? - i'm doing good. i'm encouraged by seeing how people are coming together to help each other during times like these. - kind of like how shriners hospitals for children is there for us. imagine if i couldn't get my surgery. who knows what would have happened. - same for me. i know my shriners hospitals family will continue to take care kids like us who need them most all because of caring people like you. - like me? - no, the people watching us right now at home. - oh, those people.

hi people. - kaleb and i know not everyone can help right now, but for those of you who can, we hope you'll this special number on your screen right now. - you'll be making sure our amazing doctors and nurses can keep helping kids like us, who need them now and in the days to come. - your gift will make a huge difference for kids like us. - ooh, ooh, show them them the thank you gift. - okay, okay, hold on a second. with your gift of $19 a month we'll send you this adorable, love to the rescue blanket as a thank you and a reminder of the kids you're helping with your monthly support. - so what are you waiting for? you can use your phone and call, or go to loveshriners.org to give and join with thousands of other generous people who change lives with their gifts every day. - i think that's about it buddy, good job. - my pleasure captain. please call now. if operators are busy with all the other caring people,

please wait patiently, or you can go to loveshriners.org to give right away. - [alec] big or small, your gift helps us all. - [both] thank you. (giggling)

>> now, i think what we are seeing is the potential for the senate to be in democrat hands for the most part and you will see more spending. that means profits on the tech stocks are going to the cyclical. >> why don't we take joe biden at his word pretty said clearly i'm going to raise taxes. there's regulation for you and taxation for you. there are expectations for 2021. >> the question is will the biden administration act like the obama administration. they didn't want to raise taxes right away and they put them off for a couple of years. >> i think we will be looking at up substantial tax increase almost no matter what. >> the tax raise high in the united states and companies

might decide to produce elsewhere. ♪ stuart: little bit of a screech there. oh, arrowsmith. what do you expect? 11:01 here in new york city and it is wednesday, january 6, a very big day. thousands of trump supporters gathering in washington and the president will address the crowd at any moment and we will take you there when it happens. we will bring it to you live. check the market because that is a rally. a strong rally. 400 up for the dow, 1.5%, new high for the dow industrials and we are at 30,860, how about that? the day after an election in georgia which showed a very strong showing for the democrats. i think we need ed you're denny and lo and behold here is ed your denny.

if i may offer an opinion here this is a very strong rally in the stock market and i think it's all about a whopping great big stimulus program that is inevitably coming down the pike at us. what say you? >> i think this is demonstration that we are getting a regime change for sure and it could be a radical regime change. even if the republicans wind up that last senate seat in georgia by their fingernails i think we will see more government spending and the markets rallying on that and i think it's rallying on the fact that despite all the changes in washington the key politician or of power in washington remains in place and that is jerome powell fed a chair and he will provide liquidity, keep interest rates low and i know they been inching up toward 1% and it should be a 2% right now but for the fed and the market is looking ahead and saying no

matter what happens we will get a recession in 2021, maybe 2022 but not this year. stuart: if the market or investors are they not a little worried about biden's threat to raise the corporate tax rate from 21-28% or does the market think that's not going to happ happen, as we try to come out of the covid setback that you will not raise business taxes or raise personal taxes, tax and increases put off to the distant future, is that possible? >> stuart, as you know, doing psychoanalysis on the stock market gets tricky. i remember on monday everyone was concluding the market is expecting a recession and expecting that we will get increases incorporated in individual taxes but today it's like, nevermind. i hesitate to give you they by day, blow-by-blow analysis of what the market is thinking but clearly we've been in a melt up

since march 23 and a lot of that is related to liquidity provided by the fed and that is so much liquidity and so powerful that it's overcoming the underlying fundamentals and in some ways this is no longer a game of investing but a game of speculating that on policymaking and so the policymakers clearly are going to do their best to keep the economy going in the coming year and that is what the market discounts. stuart: in your opinion expressed on this program in the past is that you will get a roughly seven, eight, nine, 10% gain for the s&p in the year 2021. he said that many times, are you sticking with that on the grounds that stimulus and the fed will get us up there to 31, 32, 33,000 on the dow? >> i am. it's really all about the stimulus from monetary fiscal authorities and also will get

through this pandemic and it will be rip roaring. i am concerned about the mutant ninja viruses that seem to be popping up first in the uk and spreading here and now we got one in the south african variety so we are not out of the woods yet and i just don't want to declare that there is nothing to get in the way here but there might be and i thank you want to be somewhat cautious, especially as evaluations are not exactly cheap. i think this will be a year for stockpicking rather than just momentum plane. stuart: i thank you betray your age they are, and as you are referring to, i think, the teenage mutant ninja turtles. >> correct. stuart: popular back in the 1980s as i recall. >> yeah, i watch them with my kids and i wasn't watching it on my own. [laughter] stuart: you don't have to explain yourself, ed. no harm done in teenage mutant

ninja turtles but the title gets it all. we will see you again soon. stuart: let's bring in todd piro, todd we are looking at a crowd there in dc waiting for the president to make his speech and i've got to tell you a couple minutes ago don junior said that this is trumps republican party and from that i judge that trumps not going anywhere and staying as head of the republican party so what say you? >> that does seem to be the indication, stuart. what is interesting to me, i would say over the course of the last five years the republicans have completely increased the number of republicans in the country but you often hear the democrats talk about them being the big tent party. but it appears is happening now in the republican party is yes, you may have more numbers but based upon the events of the

last couple of weeks the party is splitting into two different tents. the democrats have a similar situation a couple of years ago i.e. one president trump one you had the strong progressives and the strong middle and it seem like they would beat each other up but look what happened. there is a very good chance that within the next couple of hours they could walk away with the house, the senate and the white house for next year. it can be done. it's a question of will it be done and i thank you had the motion there. you see the people they are in dc and you talk to people around the country and there is a motion there that people don't want socialism and they don't want or what it appears the democratic party is going to be giving them so cannot be unified again under one tent looking ahead to 2022? stuart: to president trump make a tactical, strategic mistake by rallying his supporters in georgia on the eve of the georgia election. i asked the question because

democrat turnouts went up, republican turnout came down. as of the president's fault? >> i mean look, i don't think the president is responsible for the democrat turnouts going higher. i think that is stacey abrams. i think republicans need to have a come to jesus moment where they realize they were beaten by stacy abrams and her get out the vote efforts. it's just that simple and they need to be attention to it because it happened in georgia and she has eyes to do that brought the south and if georgia is any indication she can print i also don't think the president going to georgia this week negatively impacted the party but what i do think is the constant attention on the president over the course of the last couple of weeks and not on the candidates perdue and kelly loeffler really did hurt the republicans ultimately there in georgia. that said, republicans need to put up better candidates in georgia going forward. stuart: the feeling today, at

least on my part, is that 2020 has not ended and it may be january 6 of 2021 but you know, it still feels like 2020, doesn't it? authority you taught. >> absolutely. i will build upon the positivity we see on the green right there and i'll be a little pollyanna pyro. for those who think the democrats if they retain house, senate and white house are going to completely transform america, think to yourself is joe manchin going to vote for the green new deal? i don't get the impression that people in west virginia are too excited about that, jon tester in montana, will he vote for the green new deal? you have a situation where senators are going to have to mind their peas and cues if they want to go completely socialist and go with the progressive agenda yes, vote the democrat party at wiper those individuals in those trumpet states need to be careful and they will lose if they take those positions and that is a little bit of positivity for republicans as they head into the rest of their

january. stuart: joe manchin will be a very powerful guy and is already paid todd piro, thank you for joining me. >> yes, the most popular republican senator is a democrat. stuart: very true bread thanks, todd could see you again soon put it back to the markets we love this rally. when you got a moment like this out of new high, 30,900 and a big movers and susan has the latest. susan: are high for the s&p and dow. i did not predict this type of reaction because there are concerns about higher taxes and regulation if democrats win both houses of congress and both those senate seats but if you compare to the reaction that we saw in the market when we were headed in a steward, the votes on november 3 for those to once beforehand with threats of a blue wave we did not go anywhere for the s&p of the nasdaq and the doubt but this time around it's all guns blazing. one thing you can count on is the democrats will be spending, as you mentioned. stuart: bank stocks, gun stocks, all on the upside but i noticed that big tech has not actually

recovered. the nasdaq is up a little bit but big tech, no space. susan: i want to show you tesla because this is a stock that will not quit another record high worth $810. stuart: a mere 768 so thank you, susan. inauguration day two weeks away and will be see immediate changes at the border? i ask former vice director todd holman. biden said about the 900 billion-dollar relief bill, watch this. >> stimulus package is encouraging but it's a down payment, important down payment on what will have to be done. stuart: how much more are democrats planning to spend? if they win a senate majority and what is at the top of the priority list. i think is a huge stimulus program, and that is why the market is up. you're looking out at the save america rally in dc. the president will address the crowd momentarily and when he starts to speak you will see it and hear it right on this

program. ♪ robinhood believes now is the time to do money.

without the commission fees so you can start investing today, wherever you are - even hanging with your dog. so, what are you waiting for? download now and get your first stock on us. robinhood.

stuart: that on your screen left-hand side is the save america rally in washington dc and the president will address that crowd any moment when he takes the stage. we will show you what he's got to say and listen in. now this. president-elect joe biden takes the oath of office in about two weeks actually and hilary vaughn is with us. joe biden just waited on the georgia race so you are in atlanta so what do you say? reporter: stuart, he's

optimistic that democrat did what they needed to do here and that was split to senate seats and congratulated reverend raphael warnock on his win last night and said that when every vote is counted jon ossoff will be victorious but he indicated that this is a game changer for him in his administration and said this in the statement, george or voters delivered a resounding message estimate that they want action on the crises we face and they want it right now. it looks like we will emerge from yesterday's election with democratic leadership in the house and senate and of course i believe that we will work with speaker pelosi and majority leader chuck schumer. biden has indicated that on the top of his to do list is going to be to get congress to repeal president trump's tax cuts because of stuart, that is the way he will pay for all these things he says voters are urging him to take action on, not only covert relief but a massive stimulus on climate, and for

structure and on racial injustice and so repealing president trump's tax cuts is going to be what biden will task congress for doing at the start and need that to pay for free college he promised for some, public option for the affordable care act and of course, his 2 trillion-dollar climate plan but also needs congress to do other things like forgive a chunk of a student debt and enact a 15-dollar federal minimum wage but some democrats in congress have also started rolling out a wish list of things they want the senate to take up a vote on tallying up a list of both the democratic-controlled house has passed but the senate would not vote on they believe that is about to change. congressmen put it this way last night, flipping the senate would be huge to get votes on popular bills blocked by mitch mcconnell, 2,000-dollar checks and equality act dream act infrastructure voting rights come state and local funding and climate action and the list goes on and on and america needs us but stuart, even if john also

off is victorious and democrats do get those two seats it is still a 50/50 split and the democratic party is not unanimous in what they think and what they want. you have someone as moderate as senator joe manchin who has indicated already he will not sign up on a lot of things if progressives like democratic socialist bernie sanders wants to do, stuart. stuart: if a big tax hike is his first priority i wonder if he can get it. we shall see. enough to say on television news but only time will tell. hilary vaughn, thank you for joining us and we will see you again soon. look who is here. former republican congressional candidate kimberly clay sick. really, you are on the ground in georgia and a republican supporter and a trim supporter and you got to be disappointed this morning. >> i am disappointed. thank you for having me but you know, i'm not completely shocked about this but unfortunately i was in georgia

and spent a lot of time crisscrossing against georgia and we were on the save america tour bus and there were people there talking to those that were even on the sense of going to vote because they weren't sure if it would be fraudulent or not. it's disappointing to me but at the same time we have to look of the democrat party has done in this time for the past two years with stacy abrams has lost her gubernatorial run she is registered over 800,000 voters and i'm afraid the gop did not do a taunt on the ground in georgia before the sun not runoff race on disappointed but not complete a shocked. stuart: the republicans did not turn out yesterday in the same numbers that they turned out on november 3. the democrats did and they added to their vote count. what did -- do think president trump has anything to do with this because he appeared at that rally on monday night and it was largely about him and his

election on november 3, not so much about the georgia elections so do you think it's possible to president trump hurt the rebel begins in georgia? >> i don't think so. i was at that rally on monday night and david perdue scraped in and there was a lot of buzz about those two candidates but honestly when we look at what happened with mitch mcconnell and the fact that they turn down the vote to talk about or to help american citizens with that $2,000 i think that hurts us. people usually vote with the amount of money they have in their pockets and also i have to say as far as the rnc i did not see a lot of the ground game i thought i would see in this race so maybe we should take a look at leadership and take a look at what we can do in the next two years leading up to 22. stuart: what will you do now? he stood in the election and he lost so what will you do? >> i started a path if everyone wants to look at it but we will put together a strategy to

engage minority voters and that is one thing we were definitely missing in the gop party and if you look at the dollars spent in georgia we did not invest a lot in predominantly black neighborhoods and we need to understand if we want to move forward and when we have to engage the black and brown communities whether we like it or not and it sounds like were pandering but were not pandering and we need to engage in communities and let them know the conservative values are the values they grew up with. many people grow up in the church and show them they were there in community and running even when election season and we care. stuart: the media or very much against you and that's a fact. currently, for all your hard work we appreciate it. kimberly klacik, thank you very much. >> thank you for having me. stuart: if you look at the stock market and we want to look at that for a second one of the groups that is doing particularly well are the big banks and we called him the

financial companies doing extremely well after the georgia races. i believe susan they are making forecasts. susan: monday morning quarterback is very positive for most investing makes expect more spending if the democrats when both senate seats so 600 billion in their view for a new seamless package and over a fraction of the promised tax hikes will get through. j.p. morgan predicts yes we will see a slight bump of which we saw this morning but stockmarkets should rally from here with more democratic spending and they will not be able to raise taxes until the economy is more solid footing. deutsche bank will say it will get faster recovery, gdp in the next year and then protecting a trillion dollars in spending so tell me about the rhetoric because back in 2016 when president trump the investment banker says if you want he will crush the markets and the economy will follow and that did not happen so this time around they said it would kill the markets of democrats won both

houses but i think the take away is you never want to bet against america. stuart: and never bet against the fed and government spending. one of those banks said spend $600 million. susan: goldman. stuart: more than that. i think we will be in the trillions plurals. susan: at least. stuart: here is your opportunity, $2,000 per person so let's spend money. borrow it and the bread print of total money that's what will happen and that is why the market has rallied. 514 points right now. susan: and not all the tax hikes. you can't raise capital gains and you can't raise income tax and business tax all in one ghost writing cap pick one out of the three and you are saying the more palatable might be -- [laughter] stuart: i don't want to say about love, for political purposes a rise in the tax on corporations is probably more politically palatable then a doubling of the capital gains tax rate on wealthy people although, taxing the rich will always be popular so i'm pretty

sure that you will get a move to raise the top personal income tax rates back up to the 39% so whether they will raise other tax rates i'm not so sure but that top rate i think will go up. susan: small fraction. stuart: yeah, small fraction and compared to trillions of spending a small tax increase on the ridge and a tax increase on business can't not exactly cancel it out. susan: net positive. stuart: i thank you got it. susan, thanks. who wants a covid test? look no further than amazon. you can now order an at-home test brought right to your doorstep but it will cost you and we tell you how much of course and this is a financial program. we are expect and the president to speak any moment at that save america rally and you will see it when he takes the stage. ♪ ♪

metastatic breast cancer is relentless, but i'm relentless every day. and having more days is possible with verzenio, proven to help you live significantly longer when taken with fulvestrant. verzenio + fulvestrant is for women with hr+, her2- metastatic breast cancer that has progressed after hormone therapy. diarrhea is common, may be severe, or cause dehydration or infection. at the first sign, call your doctor, start an anti-diarrheal, and drink fluids. before taking verzenio, tell your doctor about any fever, chills, or other signs of infection. verzenio may cause low white blood cell counts, which may cause serious infection that can lead to death. life-threatening lung inflammation can occur. tell your doctor about any new or worsening trouble breathing, cough, or chest pain. serious liver problems can happen. symptoms include fatigue, appetite loss, stomach pain, and bleeding or bruising. blood clots that can lead to death have occurred. tell your doctor if you have pain or swelling in your arms or legs, shortness of breath,

chest pain and rapid breathing or heart rate, or if you are pregnant or nursing. every day matters. and i want more of them. ask your doctor about everyday verzenio.

stuart: that is the rally in washington dc and that it's a big one, thousands they are in the president will address that rally momentarily soon as he takes the podium. you will see him and you will

hear him. as for the markets we are looking at a very, very solid rally, especially for the dow industrials all time high there, 30,900 and all-time highs for the s&p you are looking at 3772 as of right now. all the markets, a lot of market segments are up but big tech is come back a bit but they are all the way down. there is some commentary that the democrats success in georgia will be harsher with big attack then maybe the republicans and i'm not sure about that but that is one of the reasons why it big tech is down right now. speaking of the georgia election here is janel king, speak georgia cofounder who joins us now. janel, it's great to see you again but i've got to ask you look, you lost essentially. the republican vote went down and i think it was because of stacy abrams so what say you? >> i have to say we had two candidates that are very strong

and business people and smart and put a very valuable role in the first rollout of this to him as package but the thing is they were running against more than the democratic party. they were running against the media and hollywood and stacy abrams and racial tension and they were running against so many things in the list goes on and on pit it was deftly an uphill battle but i have to be clear and make sure that i state that there were republicans that did not show up to vote and whether you are a part of the establishment robbins or part of the trump there were trump people who did not vote so that is something we have to pay attention to. stuart: i have not seen the numbers but i would be prepared to bet that 95% of the african american vote went to the democrats. in other words, black voters swung this election and is that accurate? >> i definitely believe enough to look at the numbers myself but i definitely do believe that the black vote is now the swing vote which is not a bad thing.

it means both parties will have to do extreme outreach in order to reach these voters but i also think both parties neglected, latino and black votes that can be influential going forward but you know, as rebel begins we are going to have to start having these tough conversations publicly and not privately and we will have to make sure that we bring innovative ways to the strategy as far as campaigning because i know with stacy abrams one thing she knew in 2018 was that she could not win the state statewide without or i'm sorry, with rural georgia and she had to increase the vote in metro atlanta and that is what she did pretty increase the black vote tremendously and that was a huge step up for them. stuart: i would've thought that the black vote would have responded more positively to the republicans, after all, under president trump unemployment amongst black folks came down to a in historic low and the president did target inner-city areas and i think it was a half trillion dollar program of

injecting capital, not just chucking money around but injecting real capital but that didn't seem to come through and didn't seem to win over black voters in georgia. >> [inaudible] here is the thing, president trump did a phenomenal job when he came to the black vote in the black community in general but here is the thing, we have to get that message out and when you're fighting against the media who is suppressing all the positive things coming out of this administration very difficult to do that and then you have a democratic party that simply telling the black community that we will promise to get rid of your student loan debt and to hand you checks and to do things that we know they are not going to do but those promises resonate more than results with the black community so we definitely have to focus on better messaging and going forward and i really, really believe that that is something we can do and you look at the public service commission he beat daniel blackman who was a black man and so there is

definitely room for us to grow and voters that we can take but we definitely have to strengthen our message. stuart: janelle king, thank you for being with us and we always appreciate it. >> thank you for having me. stuart: now this, united health is buying change healthcare. sounds like a big deal so how much, ashley. ashley: doesn't it? it is a big deal, right around $13 billion stuart. that includes $5 billion in debt that unitedhealth will assume. in buying the healthcare unitedhealth will combine with its optimum inside unit, office software data, analytics and other technology to the healthcare industry and under the terms unitedhealth will pay $25.75 a share in cash and that, by the way, was a 41% premium over change healthcare closing price on tuesday and the companies say let's hope they are right and will help

streamline medical administration and lower costs at the same time. stuart: consolidation, healthcare industry in the midst of a pandemic, no surprise really. thank you, ashley. stuart: let me see amazon, please. why? that is down 1% but you can now order an at-home covid test, lauren, you know what question i will ask, how much does it cost? [laughter] lauren: it costs $110. it's a saliva test in return you get the results returned in 24-72 hours, spit in the tube, send it to the lab in los angeles. wolof. now, i've gotten several covid test and i either get it for free and deal with the line or find some way to make an appointment and i paid for several as well. i have not paid $110 so i think this is pretty steep, what about you? stuart: i would say that is steep. i would rather stand in line for couple of hours and pay $110 but

that's just me. lauren: really? stuart: old, tivo. i will move on before i'm defined. the trump and ministration just completed 450 miles of border wall but what happens when joe biden takes over? that is in just two weeks. former ice director tom homan will weigh in and that is in a moment. yes, we're still moms away from president trump talking and addressing that save america rally in washington dc. we take you there in a moment.

daddy? yeah? who's peter? well sweetie, he's your great-great grandfather. here, does he look like me? yeah. your family's story is waiting to be shared. at ancestry.com robiwithout the commission isfees and account minimums. so, you can start investing today, wherever you are - even on the bus. download now and get your first stock on us. robinhood.

stuart: i keep saying it there is the rally in washington dc and the president will address or there is the motorcade. any moment now we will get the president of protein that podium

and what he does you will see it and you will be able to listen in. meanwhile, let's talk about the southern border, 82% increase in illegal migrants caught at the border in december compared to one year ago. big increase and tom homan, former acting ice director is with us now and seems like were going back to where we were four years ago, tom. >> absolutely. stuart, i wrote an op-ed in july of last year and i said under biden presidency you will see a surgeon at the border and unlike anything we've seen before so what i call the biden effect is already happening in the promises you've made about moratorium on deportations and ending in excitement operations and ice detention giving free healthcare, when they know they can come into the country and not be detained or deported and get free healthcare and get a job, why wouldn't they come? i call this out in july and it's

happening. stuart: what can president elect or the coming presidency of joe biden, what could he do immediately to just open up the border and let him in? >> he's already done it by the promises he has made. you said last week he will delay some of these things and he's afraid of the surge at the border but i think his advanced teams are listening to the experts on the ground saying this will happen and maybe he's watching the show and may be watching fox news and listening to us talk about what will happen to the border but does not have to do anything more. him saying he will delay it is in effect in the numbers, too little, too late. the cartels are geared up and the caravans are already there so there will try to come into the country and take advantages of the promises he made. what he should do is continue what president trump has done with the most secure border that 80% declined and you've got to build upon that success and continue to build that wall and have a secure border for once in my lifetime.

stuart: real fast tom, last time you run the show we talked about that caravan on its way to our southern border and i think it was from honduras and are you telling me there are more caravans on the way and some have already arrived? >> have not arrived but the caravans are geared up and the cartels are taken advantage of what is going on in this country now and look, they will be they've already messaged the vulnerable people in the united states is open for illegal immigration and you will not be detained or be deported because the incoming president has promised that. that's what screen. stuart: tom homan, i got to leave you because the president and his motorcade have just arrived there at the rally to save america and we will listen into what he's got to say but tom, thank you for joining us and we always appreciate it, thank you. there is. that's the rally and a lot of people there and thousands of people actually and we had a picture earlier and it was a top shot looking down over the mall

and you could seat literally thousands of people are there and that is the podium and he's got hundreds maybe a couple thousand right in front of him there and he will be speaking any moment. i want to alert you to what don junior said about half hour ago and it was one of the speakers warming up the crowd in advance of the president and this is his son, oldest son, don junior. he said this is now donald trump's republican party and that's an important statement. that implies that the president is now the president will not be going away and will not be leaving the broken party when he is no longer in office. in fact, he was still dominated and that to me is dominating the revoking party and freezing out any new up and comers who might want to run in 2024. maybe he will reinforce that message today at that podium in just a couple of minutes. i just want to bring you up to speed on what has been happening in georgia overnight and that one of the races for the senate

has been called in favor of the democrats raphael warnock has beaten kelly loeffler and that is now official and she has not conceded however in the other race jon ossoff is leading his opponent david perdue but he claims victory but that has not yet been made official. in other words, you do not yet know whether or not the democrats now control the senate or whether control of the senate remains in the hands of the republicans. what you do have is a wall street rally and that is because no matter what happens in georgia it looks a lot like we are going to get one gigantic great big stimulus package and that means an anonymous amount of government spending and that to investors is real good news. susan: he's trying to program this rally in talking about is not priority if they control the senate and if sending us to

thousand dollar stimulus checks to americans and again, reconfirming what we've heard all along that we do expect more spending whether $600 billion or trillion dollars but the stock market seems to like it because they think they will be handicapped when it comes to raising taxes in the future. stuart: i was just interrupted and the producer did you say we got to go to a break? i'm sorry, i interrupted susan in full flow there, keep going. susan: some of the beneficiaries today we talked about are the banks because it looks like more spending will help the u.s. economy so the j.p. morgan's and the goldmans of this world are hitting record highs today and some of the industrials materials and we have caterpillar hitting a record high and that's helping lift the doubt today to the highest levels that we've ever seen and a few weeks ago we crossed 30,000 on air here and now were almost a thousand points higher from that level. stuart: we were on the air and i remember we were going to a commercial break and i knew we had 30 seconds to go before we got the break and i would say by

something somebody and they did. we hit 80,000 just before the commercial break and it's always good to be first in this line of business and we were first with 30,000. stuart: the stock market has liked this administration with the s&p and the dow and the nasdaq up to 50% from election day back in 2,015 and in 2016. stuart: in 2016 on the day of the election when president trump was first elected president november 2016 the dow jones average was at 18,000 and it's not pretty close to 31,000 and i know you like percentages but i'm just going to give you the numbers, 18,000-31,000 is one gigantic for ear rally. fantastic. stuart: 50% up during this administration and you want to keep the regulatory rollbacks and keep the business friendly taxes that is help propel these stockmarkets to the record levels that help, by the way the

average american retirement funds. stuart: one more thing, i do believe that the governors of new york, new jersey, illinois and california will be having a huge sigh of relief this morning because it looks like they will get a bailout and they are chronically in debt and they cannot handle payments of their retired government workers and are deeply, deeply in debt and losing ground economically because the mostly lockdown and their last best hope was a bailout from the federal government and i suspect they will get it. this new stimulus program yet, they will get the 2,000-dollar per person checks and i've got all of that but there will be other help for inoculations and for healthcare but there will be a big deal with trillion dollars given to california, new york, new jersey and illinois because they are so deeply in debt they are run by democrats and this is a democratic administration and they will get the money and that

is my opinion, not a fact for my opinion. what are the taxpayers of florida and texas going to say about this? these are the guys who have opened up their economy they are not suffering that badly economically and yet they will have to pay the price for new york, new jersey and all the rest of them who have closed things down, lost a tone of money and are now going to the federal government for a bailout. i think they will get it. those governors will be cheering today. susan, what you got. susan: let's talk the markets once again because if you look on the screen we're close to 500 points up on the dow and who would have predicted this the day after the senate seats and race in georgia and again same thing back in 2016 with president trump killed marcus, i think he's proved over the last four years that not only is the increase stock value but improve the economy. stuart: well said indeed, moments ago you said chuck schumer's counter programming and lauren has been listening and so what did chuck schumer have to say?

lauren: he said he spoke to president-elect joe biden this morning and and i quote, as majority leader of the senate you do have a partner in me and with the two georgia democratic senators coming to help he says, $2,000 stimulus checks and help to the starving people of america are the first party on their agenda. by the way, majority leader schumer would be the first time new york has had a majority leader as senator and first time in six years that the democrats are operating a majority in the senate. stuart: if indeed the senate goes democrat then chuck schumer will indeed be the new senate majority leader and i might also add that bernie sanders will become chair of the senate budget committee. if that doesn't send shivers down investors spines i don't know what would come a socialist in charge of the budget?

my goodness me that is something to see. i'm not sure who runs the judiciary committee and i think that's mr. durbin, senator durbin but he is on the left and i have no idea what he would push for in the judiciary committee but he would have a lot to say about any new opening on the supreme court in that committee will adjudicate who gets on the supreme court if a vacancy became available. susan: what about packing the supreme court? we did not get a concrete answer from joe biden heading into the november 3 vote so that is still up in the air. stuart: would you have to have legislation to pack the supreme court? you would, wouldn't you. susan: i think it would have to get it to congress and it would have to be congressional approval. stuart: i just don't see that getting through tightly closed divided senate and the house and that would be a step too far. that is why i say i don't thank you will get a gigantic tax increase through a bitterly

divided congress or closely divided congress and i don't think that will happen and i may be wrong. susan: but i think investors are trying to handicap hug joe biden will address china. president trump in his last few days have been ratcheting up against counter ali baba because will that continue in the new administration and do trade tensions ease so we have more opening up once again and what does that mean for the stockmarkets and u.s. businesses that are trying to make scales over in china? stuart: hong kong authorities have crackdown on pro-democracy people arresting 50 of them today and that's a genuine wine crackdown and hong kong as a free society is gone. we would have devoted a lot more time to that because i believe that is a profound move and a huge problem for joe biden but with all the other news from georgia and the markets and this rally in progress we spent more time doing that then we did on

hong kong but we will be covering that and that's a promise. cliff jenkins at the rally. griff, i think the president has arrived, hasn't he? >> that's right, stuart hughes arrived and they just started playing the song gloria. it's a song we heard at rally after rally and in fact will stand out of the way and let will give you a shot of the stage. we've seen all the members of the trauma family arrive here and he is in that white tents back there and the pool press has gathered and they are kneeling down and we can see the full secret service entourage set up so any moment now the president will come out in the big question is are we about to witness the last time, the last rally, the last address that president trump will make to his faithful maga nation and we know

he will put pressure on replicants on capitol hill over the certification of the electoral college and we know he will put pressure on his own most loyal lieutenant vice president mike pence despite the fact that there is nothing to do but at this very moment here on the list with tens of thousands of orders austin here holding signs that say save america and to say stop the steal and standard tromp and that is what will possibly a witness of donald trump, the 45th president. it will be quite something to see and they have an expectation that something could be done that he could possibly reverse course of the biden administration but as we know it is not there so does he leave this crowd with a sense of i'm

not going anywhere and i will be back and does he even hint at a 2024 run here on the stage today and in an assertive way say goodbye and say also i'm not going anywhere and that's the big question i think and it will be very different from what we've heard of rallies because of the time and the fact that in just a matter of hours we expect the congress to start certifying joe biden as the next president, stuart. stuart: now that certification process will take a long time because approximately a dozen senators and about 100 house members are going to object, they are not trying to overturn the election or reverse the results of the election and not say biden did not win and what they will going to do is demand an audience of all votes cast in

that november 3 election and a ten day audits of the process. that is what they will do and vice president pence will be chairing that investigation but chairing the electoral college certification and that is what he will be doing. he's in a very awkward position and the president doesn't want him to certify the electoral college vote but has got to and the law says you will have to do that, vice president pence. it puts him in a difficult situation but he's now going to certify his presidents loss and if he doesn't what will he do in 2024? where it is a sleeve the vice president? susan: precarious position. it's usually a very ceremonial procession like opening the envelope of the oscars and reading the names but this time around in 2020 or 2021 is different. stuart: it is and there will be drama this afternoon and congress as they certified the election process and there is a demand for an investigation of the election process.

none of this is upsetting the market whatsoever. look at that. 500 points up for the dow industrials, new high for the dow, new high for the s&p 500 and now we've got a pretty solid gain for the tech heavy nasdaq which is turned around from an earlier loss, even though the very, very big names of technology, susan: amazon, microsoft. neil: facebook being google, the big five, they are a quarter of s&p 500. that is the biggest concentration we've seen since 1990. stuart: apple still near two trillion dollar, it is a two trillion dollar company. might be soft a trillion dollar company. google i think is a trillion dollars. who am i amissing. susan: facebook is not close to a trillion yet. stuart: we have a welcoming speech for president trump.

we'll get a closeup. we'll leave you with the action, washington, d.c., the save america rally. you can see it on the sign there, save america march. president of the united states takes the podium. we'll listen in. ♪ god bless the usa ♪ from the lakes of minnesota, to the hills of tennessee ♪ ♪ across the plains of texas from sea to shining sea ♪ ♪ from detroit to houston, and new york to l.a. ♪ ♪ where the pride in every

american heart and time to stand and say ♪ ♪ that i'm proud to be an american where at least i know i'm free, and i won't forget the men who died who gave that life to me and i gladly stand up ♪ ♪ next to you and defend her till today but there ain't no doubt i love this land ♪ ♪ god bless the usa . ♪ and i'm proud to be an american where at least i know i'm free, and i won't forget the men who died who gave that life to me and i gladly stand up ♪ ♪ next to you and defend her still today, because there ain't

no doubt i love this land ♪ ♪ god bless the usa >> usa! usa! usa! usa! usa! usa! >> -- crowd. when i turned on t