Doses ready to ship once they get the green light and speaking of green light, joe biden wants to go ahead and raise Corporate Taxes, he is tapping his inner Bernie Sanders and outlining his economic plans using terms like fair share and calling for an end to what he calls shareholder capitalism. We are all over that story you can bet. We may hear the president s response to mr. Bidens plan shortly, he will be leaving for an event in florida this hour. We expect he will speak to reporters before boarding marine one as he likes to do and you will certainly see that right here when it happens. You will also see very little let up in the tech rally, despite theyre down day overall, the big tech names holding their own with more record gains. Amazon, it is hit an alltime high for six days in a row. Not bad. Apple, not much of a pullback of the stays above 380 a share, same story for microsoft, not much of a drop there, for microsoft still at 213 box. Facebook is above 240, despite constant headwinds and criticism thats why we call it the teflon stock, facebook 244. Who could forget netflix, solidly 500 bucks, 520. Who has not been entered binge watch something during the pandemic, we know that you been entered binge watch Varney Company three hours straight a day, we thank you. We will read your comments later in the show. The feedback friday edition of Varney Company starts right now. Ashley lets get right to the big vaccine news this morning, German Biotech Company biontech says can be ready for approval and shipment by december. Doctor marc siegel is with us right now. Is this big news . Huge news, i will tell you why, they have been testing this vaccine in phase i and phase ii trials where there giving it to people and comparing what is happening to, lesson plasma, people who have recovered from covid19. You know what they found, they found out that a week after giving the vaccine, they made that and a moderate that you make when youre getting over the disease, only more of it, in other words the bio intech vaccine made more antibodies, we call it neutralizing antibodies, it targets the antibodies directly, the candidates made more of it if they were getting over the actual disease. That in a logical response robust, very exciting, whats lasleft is giving it to 30000 volunteers in just as safe and just as effective. Ashley very encouraging indeed. I want to check out gilead if we can and soothingly, come on then, them a positive update on their coronavirus treatment remdesivir. Releasing more data on the effect of treating coronavirus, is very positive because it looks like theres an improvement in clinical recovery and a 62 reduction in risk of mortality of covid if you take remdesivir, those with severely ill patients on coronavirus and ventilators, they said theres been 80 recovery in those type of cases which is been very positive and also shows the mortality rate is down significantly by day 14 after taking remdesivir after day 14 usually recover by a rate of 40 80 or so. The big change or write be inhalant, and inhaled remdesivir, the reason wife you sniff the medication it actually treats coronavirus more effectively because we know its an upper respiratory tract and more convenient if you can go to the drugstore and get inhalant. That is very positive news from gilead right now. Ashley good stuff. Doctor marc siegel, weve heard remdesivir a lot, doesnt show a lot of promise . This is even better than the remdesivir that we saw earlier the earlier data showed decreases by four days. This decreases the death rate and decreases the amount of people that cant get on ventilators by enormous amounts. That is a sign that this is a drug and it makes health and Human Services look very good for getting 500,000 courses into the United States for use in every hospital in the country, it is something that i believe every hospitalized patient will be considered for now. In the other points you made about the inhaled version, i want to point out additional things, at that ends up working that will be something you could get before your hospitalized. This is an antiviral drug and before the virus starts to take off in the body, if we can block it with remdesivir, the current version is intervening. Its always a harder to give up before your hospitalized but if we can given inhalant before your hospitalized, we made prevent and need for hospitalization because its got very exciting news out of gilead today. Ashley , that is two pieces of good news and its help the sentiment, doctor marc siegel, thank you very much. The features calmly undercutting their losses with a 13. 4 stock. Lets turn to the 2020 race right now, joe biden slamming what he calls an era of shareholder capitalism as he unveils his economic plan, lets roll the tape. Donald trump has a most single he focused on the stock market. Ill be laser focused on working families, the middle class families i came from in scranton, not the wealthy investor class. They dont need me. Its way past time of shareholder capitalism. Ashley he is going to be laser focused. Lets bring back susan, joe biden had a lot to say about his plan for the economy, what are the other highlights. Susan a lot more spending, money for colleges, that comes in the form of higher taxes. We know joe biden has been very clear that he will raise the Corporate Tax currently sitting at 21 back at 28 , still lower than the obama era when it was at 35 but he talked about more spending, 700 billion to buy more u. S. Goods and services in developing u. S. Technology and spending 70 billion to invest in minority like colleges and universities and pushing for a 15 federal minimum wage that will be double the current level right now and made a speech in pennsylvania, biden pushing to keep manufacturing jobs, highlighting the importance of labor unions and collective bargaining but biden did criticize shareholder capitalism as you just heard there. It can be argued that shareholder capitalism is how you value americas corporate sector, White American exceptionalism is alive and well today. Which motivates the Innovative Companies on the planet and most valuable as well. 4 trilliondollar giants are right here in the u. S. Of a and likely the place where you will find the first 2 trilliondollar company. Ashley indeed. Thank you for that breakdown. Lets bring in jonathan honecker. Capitalist Big Hedge Fund guy, jonathan, you are a capitalist pig, what do you make of mr. Bidens vision. Its shocking and alarming, earlier this week represented a billion omar talks about dismantling the system but this is what joe biden is talking about. Shareholder capitalism is capitalism. Its the american system, the system of private property where companies are owned by their shareholders, theyre not owned and run by government who forces them who to hire, how much to pay or how much they can make with those taxes you alluded to. For under capitalism, evil shareholder capitalism is about voluntary winwin transaction, shareholders or shareholders, voluntary, employees are employees voluntary and customers are customers voluntarily and they get a value, that is capitalism and the american way, that is not what joe biden is endorsing. Ashley very quickly on the market, we are seeing the nasdaq continue to drastically outperform the dow and s p, do you expect that to continue and are you still buying into the big tech names . It is been all big tech all the time, when it comes to buying or selling any individual stock is about your own individual situation, a lot of people think theyre in for the long haul and once the market goes down five or 10 there out the door. We are due for a correction of what worries me is what youre alluding to, the concentration of all the markets upward move made in the 405 technology names, weve only seen that in prior pools in 2000 or 2008. Im a little cautious at this level. Ashley a little cautious with jonathan hoenig. Take you for joining us. Now to a fox business alert, happening this hour, President Trump will be heading down to florida today, he is expected to depart at about 930 eastern time and if he stops to talk to reporters like he usually loves to do when he travels, we will have that right here for you. Speaking of florida, take a look at disney, the reopening the orlando park starting tomorrow basically promising to be the safest place on earth, lets bring in todd, what is it going to look like . Actually, normally this place is called the happiest place on earth, but even if you are smiling no one will be able to see it thanks to your face coverings, disney world in florida requiring masks, social distancing and temperature checks when it reopens tomorrow, no greets with their main characters, dont even think about asking the Disney Employee to take a picture in front of cinderellas castle, that is not allowed because it involves touching tourist cameras. While you may be used to getting a pass if you like to go to disney world, there is no hopping between parks for the time being. Instead you need a reservation for the one that you go to. While the Magic Kingdom and Animal Kingdom will be open tomorrow, epcot and Hollywood Studios will not reopen until wednesday. Keep in mind the mba restart also taking place at disney world right now. All this is florida since its record high for covid deaths yesterday while adding close to 9000 new cases and actually, disneys crosstown rivaled universal nc world have been open for weeks and having similar roles to disney. Ashley no selfies with mickey. That has got to hurt. Thank you very much. Lets take a much of the futures, we are getting positive news on vaccines, kind of still flat on the dow, we turn slightly positive in the premarket, the s p flat and the nasdaq essentially flat at this hour. Lets take a look at amazon amazing week, the question is, can they keep it up, that is 3182, up 10 this week. As Congress Works on the next coronavirus stimulus package, nancy pelosi is making it Crystal Clear on what she wants. I am saying trillions with the tr. Ashley we got it, with the tr, trillion, you heard that right. But can we afford more spending, massive spending, we will talk about that. First calling for the boycott of goya foods after the ceo had the audacity to praise President Trump, hear what he has to say about that next. Its a friday edition of Varney Company. Stock slices. For as little as 5, now anyone can own companies in the s p 500, even if their shares cost more. At 5 a slice, you could own Ten Companies for 50 instead of paying thousands. All Commission Free online. Schwab stock slices an easy way to start investing or to give the gift of stock ownership. Schwab. Own your tomorrow. In a highly capable lexus suv at the golden opportunity sales event. Lease the 2020 nx 300 for 339 a month for 36 months. Experience amazing at your lexus dealer. Look, this isnt my first rodeo and let me tell you something, i wouldnt be here if i thought reverse mortgages took advantage of any american senior, or worse, that it was some way to take your home. Its just a loan designed for older homeowners, and, its helped over a million americans. 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Learn how homeowners are strategically using a reverse Mortgage Loan to cover expenses, pay for healthcare, preserve your portfolio, and so much more. Look, reverse mortgages arent for everyone but i think ive been round long enough to know whats what. Im proud to be part of aag, i trust em, i think you can too. Trust aag perio better ashley another case of internet cancel culture, the twitter going after goyer chief executive calling for a boycott and all because he supports the president. It seems that way, or you oh boy, its a boycott, it does not have the same ring to it, after the ceo of goya foods which says its a countrys largest hispanic own food company visited the white house for a roundtable with hispanic leaders and praise the president. I guess he should not have done that because cancel culture was quick at the trigger, goya way and boycott goya trending. And who of course leading the charge, aoc, alexandria ocasiocortez threatened to make her own popular seasoning that goya foods is known for. There you see that tree, who Julian Castro says american should think twice before buying goya products. The ceo responded to the social media outrage on fox friends earlier. You make a positive comment, all of a sudden that is not acceptable. Im not apologizing especially if your call by the president of the United States youre going to say sorry im busy, no thank you, i did not say that to the obama and President Trump. Keep in mind, the white house event celebrated in executive order to improve access by hispanic americans to education into economic opportunities. That was the nature of this event, im looking forward to hear what you asked the president of goya when he joined you coming up at 11 00 oclock. It will be interesting. Ashley it certainly is, thank you very much, the next one here, House Speaker nancy pelosi calling for very big bucks for the new release bill. Roll the tape. I am saying trillions, trillions for state and local, trillions for Unemployment Insurance and direct payment. Trillion with the tr, the fed is spending trillions of dollars to shore up the stock market. That may be a good thing to do. We think we should spend trillions of dollars to shore up americas workers. Ashley there you have it, if you did not get it, trillions, tr, lets bring in senator john barrasso, republican from wyoming, senator are you on board with what nancy pelosi has to say . No i am not. She is still living on fantasy island. I read her 3 trillion bill and she asked for direct payments to illegal immigrants. She asked for money to bail out sanctuary cities. To bail out failed tension programs and states that has been years in the making, what she does not talk about in her plan or actually things that get people back to work, jobs and the Liability Protection that we need for healthcare workers, our schools, as well as for the momandpop businesses who are trying to reopen. Ashley the question always as our viewers look on, who is paying for all of his . You got it right, this is all added to our debt, just as the last cares act was as well and shes looking for bailouts all around the country when we need to be focused on three things, if there is another piece of legislation, i believe there will be, my criteria, will this help get people back to work in children back to schools, number one. Number two, will help save lives in terms of testing, vaccines in treatment. And number three, will that provide this necessary Liability Protection that are hospital and Healthcare Providers need as well as a Small Businesses as well as our schools . Ashley you mentioned schools and i want to pick that up, President Trump wants to reopen those schools, we know that but hes blaming the democrats for keeping them closed, saying its all about politics. Take a listen to this. We have to open our schools, open our schools, stop this nonsense, the political nonsense. Its only political nonsense, its politics, they dont want to open because they think it will help them on november 3, i think it is going to hurt them on november 3. Open your schools. Ashley the message is clear, senator do you agree its people politics from the democrats . My taken this, we need to get the politics out of it and we need to get the children back into school. The president as well as parents as well as pediatricians agree, the best place for Young Children is to have them back in school and all the way through college and we need to do it responsibly, smartly and we can do it that way. We cannot afford another year of lost time for our young people in terms of education, the American Academy of pediatrics has come out and said just that, here in wyoming we have a program started july 1 working with the schools called start smart in terms of working to make sure the schools open smartly but i will tell you, i believe theres an expense to doing this and in terms of the cares act as we look to another piece of legislation, i think we need to make sure there is money in their and that schools have what they need in terms of spacing, disinfectants, so it is safe for students as well as teachers to return to school and the fall. Ashley exactly. We are already out of time but senator john barrasso, republican from the great beautiful state of wyoming. Thank you so much for joining us this morning on this friday and as we head to the break, take a look at the futures, the dow is up 27 points. When we come back will cover the market opening. Dont go away. Geicos been helping people save money for over 75 years. Theyve really stood the test of time. Much like these majestic rocky mountains. Which must be named after the. That would be rocky the flying squ