Thats still a threat a new stimulus plan high seed out still but maybe this is a buy on the dip day for big tech. The big five are off to a good start, you will see it all in a moment, plenty of green on the screen this morning, the debate joe biden says the president is not smart and he does not know much about Foreign Policy or domestic policy and he will come out swinging in the debate tomorrow night. The president wants biden to take a drug test before the debate and hes asking where is hunter biden, 36 hours ago, get separate tv ratings record, judge barrett facing harsh personal criticism, democrat activists are calling her a white colonizer for adapting to haitian children in senator feinsteins attack on her catholicism keeps popping up all over the place. Judge barrett starts makin meetg tomorrow and several refused to meet her including senator schumer, the hearings can begin in two weeks around october the 12th getting close, what a day and what a week, jobs day friday and Varney Company is about to begin. Stuart elections have consequences and we won the election, we have the senate and the presidency, i think she will be confirmed and probably long before the election, well before the election. Never before in our nations history has a Supreme Court justice been nominated and installed while a president ial election is already underway. It defies every precedent, the senate has to stand strong for our democracy. They must not act on this nomination to the American People finish the process they have already begun. In selecting a president and the congress. Stuart there are two contrasting opinions from the president and joe biden butting heads over judge Amy Coney Barretts nomination. President trump says he believes she will be seated on the Supreme Court before the election. While joe biden wants a senate to do everything it can to stop or delay the process. Judge napolitano will join us in just a few minutes on that subject. First you gotta get back to your money, this is a rally a significant rally this monday morning after a fourweek losing streak. Susan li is with us, why this big rally. Susan you have a lot of good tailwinds, your thought is the biggest jump in two weeks, you also have nancy pelosi talking about an alaska stimulus package, chinas recovery from covid and profits up four straight months and this might be birgit hunting as tech stocks are rally on dip fight in the other benefit of the other stock with a vaccine hope. We have carnival, american airline, you still have a lot of insurance buying ahead of the november 3 vote with investors paying for futures, option, volatility and wall street calling this the most expensive risk event in history. Stuart i could get behind that one for sure. No doubt, i may be wrong about the stimulus package, im saying this in doubt, maybe they will have a vote on it this week. Susan there is a lot of maybes on that, the Supreme Court is probably more important. Stuart lets bringing keith fits, or market watcher of the morning. You tell me, what is driving this rally this morning. Hope, optimism, profit and enthusiasm which are key ingredients to far higher brighter future, i like that because you know i was extraordinarily concerned last week and uncharacteristically so, we are back to the races is weak. Stuart it is over, whatever correction the dip we had you think its water over. We are going to have ups and downs, people forget that is normal, that will be a traveling companion into the election, will i bet on the future in five years down the road in ten years down the road with my investments, you you bet i am. This is psychology that produces growth and big profits. Stuart there are several nine or ten ipos coming to the market this week, the new companies and new industries, i find it very encouraging that investors are pouring in to the whole new group of companies, how about you. Soda why, history shows very clearly that money is a Creative Force and when you have a concentration of new Companies Going after new money they are doing it for a reason because they expect growth, the one that excites me is palantir. Stuart that is wednesday if im not mistaken. The new ipo premarket as of now snowflake, the whole bowl of wax, all on the upside, very encouraging voice factor. Give me the last 20 seconds. I cannot believe what ive seen coming into the election, i cannot believe what ive seen around the world in terms of covid, election, china, through it all the ceos of the Great Companies that we cannot live without thats where you want to concentrate, as an investor in the human being because were trying for the human spirit will survive and grow. Stuart keith is back in the market lets see how he does today. We will see you again real soon. An interesting case, another rich guy, billionaire, jeffrey, he might leave california, give me more. Susan he has two Real Estate Agents low tax will govern u. S. States with other famous names say they want to leave including joe rogan, elon musk and ben shapiro leaving california to escape a confident governance and the response for sacramento, wealth and massive income tax increases on job creators, also known as the wealthy. Should i align with three smart guys or sacramento. Sacramento is thinking of raising the top income tax raises 16 that make over 5 million. Retroactively going back to only the first of this year so you have the executive order and all gas powered cars by 2035 in california woke regulation have a lot of famous people out of the state including joe rogan moving to texas, elon musk is building his cyber truck and a tesla factory and setting california. Stuart if they make it retroactive and go back to january the first of 2020 to put the 60 tax in place, it does not matter if they leave now they sought to pay up. Susan that is right, given the budget deficit in california. Stuart my heart bleeds for california. Lets get back to judge Amy Coney Barrett, number of democrat senators said they will not meet with her prior to the hearings at start on october the 12th, judge napolitano is here. Tell me about the tone of these hearings, are the democrats going to get nasty, really nasty like they did with brett kavanaugh. Good morning stuart, i dont think the democrats have decided how theyre going to conduct themselves during the hearing because the nastiness will simply not work with judge barrett unless there is some kavanaugh late disclosure of something which is extremely unlikely, she was just vetted by the fbi and the Senate Judiciary committee three years ago, there would be no rational basis for them to get nasty. I think theyre probably going to treat her with a lot of indifference and respect and shes already committed herself on the Affordable Care act, shes already argued as a knight and its unconstitutional and therefore since shes made up her mind she should not set on the case which is going to be heard on november 10 just a week after election day, that is probably their best argument, but the person im going to be watching and i suspect you and most people watching now will be senator Kamala Harris, the democratic Vice President ial nominee and the Judiciary Committee and she was hands down the most aggressive antagonist towards then judge kavanaugh and towards her republican colleagues on the Committee Last time around, how will she behave this time, the other person to watch his Diane Feinstein who actually attacked the catholicism and said your catholicism is too strong, she had a great answer that deflated the question, id be shocked if the democrats are fool enough to go again. Stuart noble be interesting to see if Kamala Harris goes after judge barrett on the grounds that shes got two adopted children from haiti and one activist says youre just a white colonizer. I think that would be really something to see that happen. I dont expect it but it would be something wouldnt it. That would undermined tremendously democratic credibility, this is a woman with five natural born children into adoptees whom she rescued from horrific environments, this is an act of extreme selflessness for anybody to turn this around and say its racial, colonizing, that person has a deranged sense of right and wrong. Stuart last one, is there any way that the democrats can slow down the process so there is not a vote on judge barrett before the election. I think they can slow it down but theyre just postponing the inevitable, whether they can slow it down to after election day i dont know at some point the senate recesses because a lot of senators and including Lindsey Graham who shares the Judiciary Committee and Mitch Mcconnell the republican leader are in tight reelection races and they need to get back home, Chuck Schumer knows that so he does not have to slow walk is all the way to election day he only has the slow walk into the third or fourth week in october. Stuart thank you for joining us, see you again real soon. Lets talk the virus for a moment. I will put numbers on your screen, new data from the cdc that a near 99 survival rate from the virus all across the board, it is 99 for up to the age of 50 which is extraordinary, shouldnt we be opening up states sooner rather than later, its a good story and we are on it, you are looking live outside the debate whole in cleveland, one day away from the president ial debate hosted by our very own Chris Wallace, we will head there shortly, tell you all what its about, another look at futures. Up 300 for the dow, 200 for the nasdaq, that is a monday morning valley and well be right back. Now is the time for a new bath from bath fitter. Every bath fitter bath is installed quickly, safely, and beautifully, with a lifetime warranty. Go from old to new. From worn to wow. The beautiful bath youve always wanted, done right, installed by one expert technician, all in one day. Weve been creating moments like these for 35 years, and were here to help you get started. Book your free virtual or inhome Design Consultation today. Good job, michael does. Ok, lindsey now tell the class what your mommy does. My mom has super powers. Its like she can see the future. What . its like she time travels in a rocket ship. Thats cool and then she comes back saying try this or try that. She helps everyone. She helps them feel less worried. Wow mommy, so what is it that you do . Im a financial advisor. She is aig proudly supports all the professionals taking care of our financial futures. Stuart you check out the big tech as we are now, this morning they are all up, however, it looks like september is going to be big tech worst month ever. Lets forget the past for a minute, susan one of the indications for big tech in october. Susan if you judge it by today as we head into october investors are looking for bargains for the monthly drop for the big five tech giants the amazon, the apple, microsoft, facebook and google and they lost more than 817 billion in value one month of september and the worst month on record, more than twice as much is the second worst month for the particular stocks that happened two years ago in october, 800 billion a lot of money but the big five has gained more than two in half trillion dollars combined this year, september has been terrible for the writer market and the single worst month in 20 years, however, analyst say this might be a goodbye opportunity in Morgan Stanley recommends buying apple before next month iphone launch sticking to 130 call for the stock. Stuart as Keith Fitzgerald told us he is bracketed buying. Look at nasdaq up 200, a fox business alert, no field the stock is down 34 , i dont know the story but susan does for its one of the Vaccine Developers for the coronavirus and they say they have to pause on a temporary hold on the phase two phase three trial this is part of a clinical hold until questions by the fda are answered when it comes to distribution and delivery devices for use in the study, the stock is up 400 this year, giving back 35 or 36 , a clinical hold and they will into the fda questions in october. Stuart the stock is up 34 , got that. Our next guest says look at lender and advisor, our guest says these will be the First Companies to come up with a viable vaccine, first across the line, Matt Mccarthy is back the Infectious Disease specialist. Why moderna and pfizer. Its good to see you again, the thing with moderna and pfizer, they are using the technology the hot no one has ever used before its called an mrna allows integrated vaccine quickly and scale up large Clinical Trials almost immediately, moderna is enrolled almost 20000 people and pfizer has enrolled more than that, incredible news, were about to get a peek at the data very soon and we may see an emergency use operation for both, but there is a wrinkle to all of this, that technology, and nra is somewhat stable, that means that these vaccines have to be stored in subzero temperatures, you may see an emergency use authorization coming through in october and november but you may see a push back the says that we dont have the capability to store these and you may see a number of healthcare executives and people coming out and saying Johnson Johnson has a vaccine coming out in a few weeks and if you month that does not have to be stored at these temperatures and can be refrigerated, maybe we should wait, these will be the key things to keep an eye on over the next few months. Stuart that is absolutely fascinating. Im going to put survival rates up on the screen. That is from cdc numbers, it shows that your survival rate to get the virus is 99. 9 secure under the age of 50, it goes down a bit if your 70 plus. With survival rates like that it occurs to me that florida is right to open up, what to say. This is a topic near and dear to my heart as a floor floridian and a clinician. I feel little bit surprise, the last time i spoke to you we had no idea how to treat the virus and now we know there is a cheaper widely available drug called death of mexico that saves lives in remdesivir and decreases the symptoms, were better treating this virus today the march and april, that opens the possibility that we can start reopening society and full disclosure to your viewers, i know the governor of florida very well and weve known each other since we were teenagers, he was my teammate at yale on the baseball team. I want to see florida open more than anyone, the challenge that we have is really whats taking place in the School Districts in miamidade and you 345,000 kids who are doing Virtual Learning because the teachers do not feel comfortable going back to the classroom. You can point to statistics and make the argument but if people do not feel safe we don are goo have a problem, we are challenging opening up restaurants and kids doing zoom school. I am 70 that gets brought intermediate these things are teachers and students and principles do not feel comfortable and i will say theres going to be a challenge if not positive rate stays above 5 miami for kids to get back in school, i love the idea of reopening but we gotta do in a tactical approach so everyone feels comfortable with the way that we are moving forward. Stuart dont be such a stranger, your great guest and we want to see you on the show real soon. Doctor Matt Mccarthy. Lets get back to the rally, its a monday morning i see green across the board, im looking at nasdaq up 200 points in the dow up 360. I love it. We will give you the familiar look of times square, a monday morning at 922, it is always deserted, pretty soon ill get your picture Downtown Chicago or atlanta or los angeles. Susan that would be deserted. Stuart we will be back i promise you that. keeping your oysters growing while keeping your business growing has you swamped. you need to hire i need indeed indeed you do. The moment you sponsor a job on indeed you get a shortlist of quality candidates from a resume data base so you can start hiring right away. Claim your seventyfivedollar credit when you post your first job at indeed. Com promo 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. A reverse Mortgage Loan isnt some kind of trick to take your home. Its a loan, like any other. Big difference is how you pay it back. Find out how reverse mortgages really work with aags free, noobligation reverse mortgage guide. Eliminate monthly mortgage payments, pay bills, medical costs, and more. Call now and get your free info kit. Other mortgages are paid each month, but with a reverse mortgage, you can pay whatever you can, when it works for you, or, you can wait, and pay it off in one lump sum when you leave your home. Discover the option thats best for you. Call today and find out more in aags free, noobligation reverse Mortgage Loan guide. Access taxfree cash and stay in the home you love. Youve probably been investing in your home for years. Making monthly mortgage payments. Doing the right thing. And its become your familys heart and soul. Well, that investment can give you taxfree cash just when you need it. 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 c