i want to bring steve forbes in here. ng we were talking about, i'm going to bring it up, in the commercial break. in terms of government decision making, what about the abbott at-home tests that literally were never distributed by the states to people to test themselves. it's the failure of government, failure of those leaders, and if you just handed those tests to -- dumped them into the private sector, you would have had people buying them up and handing them out to friends in their homes. steve: that's right. dagen: go ahead, steve. steve: i was going to say, in terms of what's happening in new york of restaurants, the mayor of new york said it's okay to take the subway but you can't eat inside a restaurant. and absolutely crazy. in terms of testing, that abbott test, they put restrictions in that you had to have it -- results go through a laboratory and a stupid things like that. and there's a test coming out of a company being distributed next month where you can do it at home, get the test result at home, for less t

here to help us understand the headlines, steve forbes, forbes media chairman. great to see you. you and i have been following china for years. we've been seeing them manipulate numbers when it comes to business, statistics, all kinds of things that have to do with the markets and the economy. does it shock you that it is possible they ma nip mated covid case numbers too -- manipulated. >> not at all. the numbers they reported nobody believed when you look what happened in the rest of the world including parts of asia. that 10 times number is shocking but doesn't surprise anyone. we see what they did with flights. closed down the country, isolated wuhan and allowed international flights to continue and spread the virus far more around the world than otherwise. this underscores what we know and what happened to that journalist underscores unfortunately president xi is on a real, sadly a real effort to suppress any internal dissent. that eventually is going to hurt the economy. right now they're saying oh, the chinese economy is great but over time, in that kind of

jump in, steve forbes. were financial forecasts that we're looking for a huge hole, $1 trillion for aid for states and municipalities. because of the stock market rally, those expectations are at lower numbers. you've got for millionaires, more income and that's plugging in some of the shortfalls for the states. good story on this this morning in bloomberg. steve: well, i think that's going to be the details in this thing, are going to be very critical. if they do too much for state and local governments then i think you're going to see a reaction on the republican side, in the senate, even though everyone wants to get something done. i'm interested in what art thinks about the georgia senate races, the market's done very well overall, broadening out as he points out. but art, what happens if the unthinkable happens and the democrats take both seats? would that smash the market? because we know what biden would do with taxes if the democrats control the senate. >> yes, steve, that's a great question. actual

you have to believe this is going to affect the economy and the markets, steve forbes? more than affect the markets, it would tank them big time, several thousand points overnight with tax increases, that's why the two georgia senate races are so important. looks like for the moment, for the moments the republicans will retain both two seats and if they don't retain the two seats, the economy will be badly damage and the economy will take a huge hit and the market has been frotty given what could happen. does he think the new administration will do by regulation if the republicans keep senate by taxes, put on massive regulations and hurt the economy elsewhere, but more specifically, grover, are they going to try to weponized the irs as done in the obama administration where they will go with people like you and others who will fight the administration? >> sadly, yes. i served on the commission to look at the irs under clinton and we saw the clinton administration went after conservative groups with the irs but not left of center groups and they didn't want any investiga

a gateway to business, steve forbes?ould have a lot to say about that, hong kong being a gateway to business any longer, given the national security rules that china has put down. steve: it's a bad situation and his arrest unfortunately confirms that and what made hong kong unique was the british legal system they had where investors could believe they're going to be treated fairly in courts. that's why for years, maria, even after the takeover of 1997, china over of hong kong, hong kong did not get surpassed by shanghai precisely because of that legal system and belief that you could have your day in court and could address the law -- could trust the laws and you wouldn't be subject to arbitrary arrests or suppression or anything else. that has gone out the window. hong kong is going to be like another city and that's going to be a loss for hong kong and ultimately a loss for china and the world. it's just a sad, sad spectacle to see this booming, great city lose that special status. maria: very sad state of affairs, da

steve forbes, don't be a stranger. hor true. >> thank you. stuart: unbelievable, actually. steve, thanks very much, indeed. >>> now, i want you to take a look at this. it's a new op-ed, and the title is: divider obama demeans hispanics and christians, uter trump delivers. -- uniter trump delivers. steve cortes wrote that. all right, let's take the it one at a time. you say that it demeans hispanics, that obama is demeaning hispanics. tell us all about that. >> he is, stuart. he's demeaning hispanics and christians at the same time. as a matter of fact, his statements last week, it was almost staggering how much condescension and how many lies he was able to pack in just a couple of sentences. he effectively blamed the deeply-held faith of hispanic americans for why they're turning away from the democratic party. now, he is right about one thing, hispanics are far more pro-life than are other americans and quite proudly sho, but he also got quite a lot wrong. he said they turned to president trump because they oppose gay

as simple as that appeared great to have you on the show again, steve forbes. t: steve was just talking about the mayor of new york bill de blasio again threatening another shutdown. listen to this again. roll it. >> there is a potential of having to do a full pause, a full shutdown in the coming weeks because we have can't let this kind of momentum go. we are seeing the kind of level of infection of the coronavirus we not seen since may. stuart: i want to bring in elizabeth mcdonald's, my colleague and friend, here on foxbusiness. she is a new yorker. big picture question. do you think the city, having gone through what it has gone through and what it is having to go through in the future, do think it is changed forever? >> right now it feels like yes. it feels like it has permanently changed because we see businesses and restaurants may be permanently shut by the spring and that is what the restaurant industry is saying. he wondered when new yorkers will step up and say we will shut you down, de blasio and governor cuomo because you are destroying or the destr

steve forbes joins the program, "forbes" media chairman. or where are you on this, steve, the idea that, well, we till have job growth, but it's slowing. we have a ways to go until we get to the vaccine's rollout, so we need more stimulus. make sensesome. >> only partially. you see a real division between blue statements and red states and how they're reacting to the spike in the coronavirus. and that's why you saw the slowing of the job growth. not only did you have 100,000 census workers no longer employed by the government, but you had a slowdown in restaurants and bars and seasonal holiday workers who would normally be several hundred thousand. people are now staying away from the stores. but then you see the real sharp division between a red state like florida and a blue state like new york in terms of unemployment. so in terms of a stimulus bill, doing something for small buzzes, absolutelies in. i'd -- absolutely necessary, another check of $1500, $2000 for low income individuals like we did in the spring, but after that you don't hav

connell: good stuff, steve forbes, have a great weekend, always good to talk to you. meantime it's about to shake things up, tesla early in the day hit an all-time high into the s&p 500 on monday, then it turned lower and closed higher, with heavy volume investors are tracking the index and had to buy the stock by the end of the day and people selling in the trading volume, 180 million shares of stock settling at the end of the session, a turnover of $122 billion for tesla. the former investment banker, we talked about tesla as a stock story, an amazing story and now with the big boys in the s&p 500 as a monday, i thought maybe would start today but it starts on monday and the people say let's take a breather and take some profits if i own tesla. >> this is the absolute perfect 2020 stock story, remember two years ago we were talking is tesla going to make it as a public company or will they go private or stay in business and here they are being added to the index as the largest edition of all time and are going to be waited in the biggest position from a market cap s

connell: have a great weekend, steve forbes.a lighter note speaking of lockdowns, moving from lockdowns to really a booming business, this is going to be great, in a few minutes we're going to talk to a 12- year-old. a 12-year-old named madeline baldwin about how her love for charity helped to launch her very own jewelry business there she is coming up, launches her own business, 12 years old in the middle of a pandemic, madeline you're coming up, next. ♪ sofi made it so easy to pay off my student loan debt. (chime) choosing sofi was literally one of the best decisions i could have ever made because it gave me peace of mind. ♪ to syour body needs routine. system, centrum helps your immune defenses every day, with vitamin c, d and zinc. season, after season. ace your immune support, with centrum. ...i was just fighting an uphill battle in my career. so when i heard about the applied digital skills courses, i'm thinking i can become more marketable. you don't need to be a computer expert to be great at this. these are skills lots

i was asking steve forbes, steve moore, about it yesterday and he thinks for it to be used as an actuals to be fixed to something like the swiss frank or even gold. steve: right. sounds like my friend steve moore. dagen: steve moore, go ahead. steve: he's a gold bug and, you know, i'm an investor, dagen, into crypto currency and not bitcoin. the question i have is how much of this ascend of bitcoin is as a result of what's going on in washington and the craziness of how much we are spending and how much we are borrowing? is this a sign that investors are starting to lose some faith in the dollar? >> i think they're absolutely connected. it's the same reason why the equity markets are at all-time highs and it's reason why the commodity markets have performed this way. people are just generally uncertain about the financial system specifically government-issued currencies. this is not just a problem here in the united states and it's uncertainty that a large part is driving this. people are seeking alternative stores of value. the digital dollar does exist. we digitized the u.s. dollar an

we were talking about it with steve forbes on friday and that conversation happened just after oracleexas. >> what made silicon valley unique combining entrepreneurs and the academic area, great scholars and the like, phds, they can recreate that in austin, texas. that has been growing. other regions of the country are growing as well there is no monopoly on brains and opportunity. if you create a bad opportunity environment, guess what, they will relocate. connell: with us adam lashinsky. adam a fox business contributor. write as column for business insider. more important for that is a west coast guy. pick up on what steve is talking about there, whether you think this is the start of a big trend your neck of the woods needs to be worried about or a bunch of one-offs. >> it is unmistakennably a trend. there are a lot of reasons companies want to leave california. not just the west coast, i'm in the belly of the beast in an fran. the traffic is high taxes are high, traffic is terrible and house prices. the companies leaving are not exactly the cream of the crop. hpe, oracle, long in

steve a forbes is with us now. great to see you.ies violated-- if not the letter of section 230, at least of the spirit of it which means he should remain open platforms and not engage in censorship or editorial control and that gives them an amazing protection against lawsuits that other publishers don't have, but since they clearly edited and censored material in the election process, don't they deserve to have 230 stripped away from them? >> you have to be careful on that because it could hurt small sites could these big companies have large legal departments and if you just do away with section 230 as a whole without a laser approach , they will be able to fend off the massive lawsuits that will come from back democrat trial bar, but smaller sites like those that's a great alternative to twitter have to be careful that has to be a separate bill to make sure you don't throw out the baby with the bathwater. david: what about the overall-- >> don't give advantage to the big companies because they are prepared for it. david: i hope

dagen mcdowell, steve forbes, pleasure to be with you. we will see you tomorrow, everyone. "varney & co." begins right now. take it away, stu. stuart: keep me out of the canine competition, please maria good morning to you and good morning to everyone would have thought hospitalizations rising with new lockdowns on the way and if a of snow is coming to the northeast and yet the market is right at record highs. after a year like no other, stocks power had two levels we have never seen before. the president was impeached in january, the first virus cases appeared soon after with the locked down in march and a cast topic drop in economy and by april, it felt like we were in a depression. november, contentious election and after all that you may have expected negative reaction on wall street and in the spring stocks took a dive, but now 51 records for the nasdaq, i think 21 for the s&p and i lost count of the dow industrials which has a broken above the 30000 mark. warp speed vaccines have helped them so have the money printed by the feds, low interest rates and a housing move-

dagen mcdowell and steve forbes, thank you. have a great day. here is stuart. stuart: good morning. something different to start the day. we witnessed a turning point in the revolt against lockdowns and this is important, but i'd is beginning to turn as tens of millions are going into the holiday under heavy restrictions and there is now pushed back. a judge in los angeles ruled the closure of outdoor dining is quote an abuse of the power. no science to back it up, in fact data shows restaurants don't spread the virus. some store businesses are finding loopholes one outdoor restaurant labeled a place for peaceful protests. closure rules allow protest to take place in who will rule a cup of coffee and a danish is it a protest? we have been reporting on the growing revolt. in the face of the massive ruin of businesses it will be difficult toward new states to impose new shutdowns and those already in effect may be rolled back. this is a historic. there watching ordinary people take back their rights. "varney & co." is about to begin. ♪ stuart: yeah, what a voice. what a voice to start