Not a word of antifa and he took no questions at all. The president leaves the white house at 10 00 oclock hour, he may take questions. Companies giving us financial drama. Look at this, zoom, lockdown winners, huge increase in profit and the stock up to the races. 120 bucks. Walmart, two developments there. Deal for tic tac may tiktok fairly soon and delivery soon with amazon. Watch the stock go 2 and a half per can he be the. The dow looks like its going to be down today, the s p slight move at the opening bell and the nasdaq, although tech stocks doing very well again, the nasdaq up 70 points premarket. Big day, Varney Company is about to begin. The best stock market dow in 36 years and its very interesting, so people are very happy with their 401ks and stocks that they have and thats a tremendous achievement best in 36 years. Stuart yeah, a lot of bad performance. The president talking about the economic recovery, nasdaq closed at another record high. More on all of this a little bit later. I want to check walmart, big news there. Susan, good morning to you. Susan good morning. Stuart they have a Subscription Service launching soon . Susan think of walmart plus, 98 a year, fairly than amazon 119 a year. Walmart parking, checkout mobile phones and here is the catch, only the items that are sold in store. So walmart plus does not include free delivery from online store, walmart. Com which sells millions of items. Now there you can get free delivery on any order over 35. Walmart is trying to play catchup to amazon prime and amazon competition is another reason that walmart has joined microsoft bid to buy tiktok and helping to sell goods advertised to tiktok users. Speaking of amazon, getting faa approval for drone delivery. No word on when this will start. The project for 7 years in works, amazon, ups and google parent alphabet have gone approval for drone delivery. It depends on the individual states. You dont have to drive 3 hours to manhattan anymore. Stuart what strikes me is the developments in delivery. Susan yeah. Stuart walmart is in the game competing and amazon is coming up with drones which are viable. Susan absolutely. Stuart thats a delivery story. Susan the future is drone delivery, subscription models, advertising and social media. Stuart walmart is in the game big time. Book at this. Zoom, unbelievable performance this administration. Kristina partsinevelos, good morning to you, kristina. Zoom is lockdown winner. Tell us how big impact it has. They made more money than last year. Thats because the earnings came out and it blew well past expectations for fiscal year 2020. They make 622 million versus last year at this time where they made about 330 million. The stock, if youre looking at longterm trend, maybe those some viewers got really lucky, 60. 96, climbed over 360 on broader market, returned to 10 . It is a winner during the pandemic. The big question is Going Forward. Should you get in . Would the momentum last . Corporations do believe so because of all the corporate clients. At fox news we have corporate account and we have access to this and on the Conference Call zoom signed two other big players exxon as well as other large firms and if youre wondering, 50yearold ceo eric swaan he made roughly 12 billion. 12 billion just in 500 million shares that he owns right now. Most of his net worth is through stocks. Doing pretty well. Stuart kristina, susan, dont say it, yeah, im in. However, lets bring in mike murphy. The guy from rosecliff. Mike, lets talk about the election. Its about 3 months away. How does the market feel . Give me a feel of how the market feel it is senses the direction of the election . Mike you know, stuart, one of the most contentious we have seen in a long time and the market is doing a good job looking past it. Right now trump has narrowed the gap. I believe trump will win in november but the market is playing either way. We will not get mass changes right after the election or right after the inauguration in january so the market is looking past the election at the recovery of the economy and thats why youre seeing new highs on almost a daily basis. Stuart i will give you election day chaos, that might hurt the market. I want to go backwards a little bit and look at jp morgan. One of the top guys who called the economic rebound, he said trumps reelection chances are, indeed, rising. We believe it is largely view to two effects, degree of violence and Public Opinion and two a bias in polls due to trump voters being more likely to decline or mislead the polls, certainly a lot can happen in the next 60 days to change the odds but we currently believe that the momentum in favor of trump will continue. Repeat it, mike, you think trump is going to win . Mike i do. And i think the report from jp morgan is spot on. As we get closer to the election trump is gaining momentum right now but from invest other investor standpoint, stuart, you will be okay. If we dont have an official winner, that would be bad for the market. Assumingly we we have a winner,i believe it would be trump regardless, the economy continues and right now its picking up steam. Stuart i will put apple and tesla up on the screens. Tesla is down a fraction but apple up again. Do you think do you think it would be okay for someone who has tesla or apple shares to sell just some of it, just take some money off the table after a terrific would you be okay with that . Mike we own apple. Unfortunately we do not own tesla but when you see the types of moves, tesla is up in the last month, taking off the table is prudent because from an investor standpoint if we do get a correction in overall market or the individual stock, they have some money on the sidelines to put back into the market. So i think after these runups that weve seen absolutely it makes absolute sense to take a little bit to trim the position. Stuart got it, murphy, always a pleasure, see you later. Down 5 bucks now, what do you have . Susan 5 billion in new shares, it makes sense, they run up nearly 5 this year, record highs, maybe not a bad time to sell more stocks. The additional shares would be sold from time to time and as market prices. The stock looks unstoppable, rallied 12 yesterday. Thanks to jump, elon musk the third richest person behind Mark Zuckerberg. I know people cant get over the crazy valuation of teasera whic tesla which is a thousand times over profit. Look at sales and if you look at tesla sales had more sales, why shouldnt it be worth more than visa . Stuart revenue. Tesla has more revenue than visa . Susan yes, it does. Stuart you hit 500 a share. Susan you have to look forward. Stuart i remember 1990s. Check the futures. Especially the nasdaq, look at technology doing well all over again. Up another 60 points for the nasdaq maybe at the opening bell. Hotel names, look at them. New report says the industry remains, quote, on the brink of collapse. We will explain the key problems that they are facing. How about the pandemic, number 1 . Joe biden out of the basement and finally talking about the violence across the country and including to him its all President Trumps fault. You have to listen to this. These are not images of some Joe Biden America in the future, these are images of Donald Trumps america today. Stuart by the way at his presentation biden did not take any questions. He didnt ignore reporters throughout campaign, we will discuss that for you. President trump will likely not ignore reporters when he leaves the white house for kenosha today, that is coming out next hour and we will be sure to take you there when it happens. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. 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The mayor of kenosha asking the state of wisconsin for 30 million to help rebuild this community and thats exactly what the president is going to see, burnt buildings and other structures damaged from the rioting done last week. On one night alone 37 fires in the city. President trump talking about the destruction here and other cities across the country. Listen. We have to stop this horrible leftwing ideology that seems to be permeating our country and basically its weakness, its weakness on behalf of democrat politicians. Republicans, we dont have problems, our cities are doing well, they are safe and secure. Reporter not everybody, though, pleased that the president is coming. Governor tony ever sending letter to the white house to not come or delay the visit. The mayor saying something similar saying he came at a later date. But the president insists he would help Community Heal and support of Law Enforcement while hes here. He will be meeting with Law Enforcement officials and doing roundtable discussion with them. Stuart 2 million in damage just in government buildings. Grady, thank you very much, indeed. As President Trump heads to kenosha, joe biden reviving inperson campaigning. He finally condemned the rioting and violence and hes putting the blame elsewhere, watch this. Ask yourself, do i look like a radical socialist with a soft spot to rioters . Really . I want to make it absolutely clear, i want to be clear about all of this, rioting is not protesting, looting is not protesting, setting fires is not protesting. None of this is protesting. Its lawlessness. These are images of Donald Trumps america today. Stuart member of the black voices for trump organization. Okay, joe biden blames the president for the violence, whats your response . Joe biden is a joke. For days, weeks, months joe biden has stayed in the basement and didnt respond, didnt condemn antifa, didnt condemn the black lives matter organization, didnt condemn the violence and rioting and the lawlessness. As a matter of fact yesterday i didnt hear him specifically condemn outright all of these instances that were plaguing and continued to plague the black community. He said they werent protests because before he called them peaceful protests. Joe biden does not need. When you need leadership the black community are turning to President Trump because he is leading whether its operation legend, calling on the National Guard and more troops to come in and to protect these cities, these black communities, these businesses, President Trump is the one leading. Joe biden is not leading. As a matter of fact, joe bidens campaign was bailing out rioters, joe bidens running mate was soliciting funds to support the bailing out of these lawless rioters. Thats not leadership. He should condemn it outright but you know what, hes only doing this right now because hes tanking in the polls. The black community is supporting President Trump like never before and hes doing this because its politics and not because theres something in core being that says he does care about the communities on fire literally, he doesnt, its about politics and thats why he came out of the basement to make speech with not taking any questions to only return to basement. Stuart paris, in 2016 President Trump got roughly 8 of the black vote. What percentage of the black vote do you think he will get in 2020 . Well, if you look at polls right now ive seen black approval for President Trump at 20 , 30 . Hail harris polls, they are showing an increase of support for the president. Theres no doubt that the 8 that the president received is going to be increased significant amount because of all record of accomplishments and him continuing to standing up for the black community and fighting for the black community and wanting the black community to be protected and the lawlessness and violence to end. I predict President Trump is going to be increased he could get up to double digits. We havent seen a president like this with this much accomplishment, this much leadership and this much courage and conviction for a very long time. President trump is a champion for the black community, theres no doubt about it. Stuart paris dennard, voice for trump. I hope so, good to see you. Stuart Delta Airlines and americans joining united in dropping domestic flight change fees, covers flights, u. S. , puerto rico, Virgin Islands and american, canada, mexico, caribbean. The stock is down 40 cents. Thirtyseven cents a chair on southwest. Lets get back to tiktok. We were saying, susan, that a deal is not road blocked by china and may happen today. Susan could choose a buyer today but looks like later on this. We have two consortiums at play, microsoft with walmart, oracle, the clock is ticking since we have President Trump executive ban go into effect september 20th. If they dont find bidder, they will be banned from the u. S. The fact that they need chinese approval in order to transfer technology slows down the process. Stuart lets not forget that today is september the first. Here we go. The market opens in 7 minutes time and we will open with a gain for the nasdaq, a gain small one for the s p and a drop for the dow industrials as we wait for the market to open take a look at times square, same ole, same ole, deserted. Elity. Get your slice today. I wanted more from my copd medicine thats why ive got the power of 1, 2, 3 medicines with trelegy. The only fdaapproved oncedaily 3in1 copd treatment. 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Stuart all right, as weve been reporting for yesterday and again this morning, jp morgan, one of their top guys says President Trumps reelection chances are rising and theyre advising clients to start moving their money to anticipate a possible trump win. How about that . Howard lambert is with us, creator of the maga etf, all right, how, if youre the creator of magna etfi take it you agree with jp morgan and you think trump is going to win, make your case, why is he going to win . Absolutely, the democrats were counting on pandemic to send them over the top and now its backfired. What youre seeing the American People saying 90 days into the riots and looting, that doesnt have anything to do with george floyd, these are Bernie Sanders and biden supporters and when the democrats didnt say anything at their convention about it that sealed the nail in the coffin and biden will be hurt by that. Stuart you think that the issue of urban violence has risen almost to the top of the pile and is now the commanding issue in the election . I think its the top issue followed by the coronavirus followed by the economy in that order. Stuart what do you think of the economy under joe biden . So what we are going to see under joe biden is what we are going to see under barack obama and joe biden, we will see much higher taxes an much higher regulation and its going to give us anemic economy growth. Thats what we are going to see and so thats what the markets are looking at right now and going we dont want that and the thing to watch here, stuart, Going Forward i really think the financials. People will not end up with Elizabeth Warren as secretary and President Trumps trump policies and Economic Growth and the tenyear start to move higher in yield. You have the combination and the fact that we will not have Elizabeth Warren as treasury secretary and the banks have no