They will go through the issues and this is television where tone, style, emotion are very important. My opinion, bidens job to survive 90 minutes, holding his focus to making sure there are no serious gaffes. The president will no doubt attack his style but not come across as a bully he doesnt want to stir up the sympathy vote. Heres another opinion, and absolute catastrophe the media will declare biden the winner. Lets get to the market, pretty much on hold maybe waiting for the debate the dow is down 11 points, the nasdaq 1026, 25, s p down near two. Not Much Movement, Speaker Pelosi has proposed a 2. 2 trillion dollars stimulus plan and the house may vote on it, a key point in Sticking Point contains 436 billion for state and local government, the republicans do not want that, and 25 billion for the airlines, 30000 airline furloughs on thursday if they do not get the money. Today is the day when Amy Coney Barrett goes to capitol hill and between nine republican senato senators, that is today, preparation for next month syrians. Six democrat senators including Chuck Schumer refused to meet with her adVice President ial candidate Kamala Harris says she has no plan one way or the other to meet her before the hearings. How about that. A big show, will tell you how the democrats have turned virus aid into tax money redistribution, Corey Lewandowski and senator arsenal blackbird on the Supreme Court coming ordeal. Varney company is about to begin. Stuart pump it up all right. All eyes on cleveland, ohio tonight, and a matter of hours trumped in biden finally face off at the first president ial debate, a record 84 Million People watched hillary and donald trump in the first debate 2016, i am pretty sure that record will be shattered tonight, you might see 100 Million Viewers, fox news anchor and moderator chris walsh included the virus, the economy, Race Relations and more, fox business will have special coverage starting eight eastern in the main event starts at nine, that is President Trump in joe biden for 90 minutes with no commercial breaks. No commercial breaks, to the market, what happens to stock prices right after president ial debates, since 1960 there has been a trend in stock prices. Lets get on with it, susan what is the trend. Susan the day after on average, five days after, ten days after even a month later, we did not have Television President ial debates until the 60 with kennedy versus nixon instituted this practice. You remember that very well. Remember the hot lights and no make up for the day after the s p 500 is slightly down. 3 the day after the first debate but taken out 30 days in a broader benchmark is down around 2 , 2008 and the financial crisis skewed the average and remember there were any debates during the Lyndon Johnson years up until 1972, wall Street Investors have largely viewed trump as more of his entered business friendly and biden were high corporate taxes and some argue might way in the short r run, the economy is considered the most under most important topic then biden he will punch harder on coronavirus according to the abc news poll, what do you think is over under on 100 Million Viewers across all platforms. Stuart slightly on the under. Ashley i will go over then. Stuart will meet again tomorrow morning if we get the numbers by then we probably will because people jump on the numbers. Market watcher mike murphy is with us. There is a poll and it shows only 3 of voters will decide who to vote for on the basis of tonights debate. Lets you and i talk about investors, they will pay very close attention to this debate, what do you think is going to happen. Good morning stuart, im with susan im over 100 million. But i think everybodys going to be watching this debate tonight but i dont know investors will be looking to make decisions on whether to buy or seo luncheon sell based on the debate. One thing i will watch closely is that President Trump can have a decided victory in the debate tonight. If he can and if we can start to get away from the thought of possibly a hung election or an election that does not have a clear winner, that would be negative for the market, if we can distance ourselves from that and if we can call a clear winner on this i think the market would take that as a big positive and despite pullback we got in the last month would be a race and i think a lot of money would come in. Stuart the mean express an opinion, despite what the big investment firms are saying i think most investors really want President Trump and not a present invited because most investors believe that a president biden, especially fils got a Democrat Senate would be a disaster for the economy, am i going overboard here . I dont think you are at all, if you are a Small Business owner, you want Less Government for the most part, you want what President Trump was able to do in his first four years in office before corona came, you want that type of environment because thats when you have low unemployment, wage increases, now youre paying home values increasing, you want a president who is going to be probusiness, not a president that is probig government, when you boil it down that is a career at your clearcut decision, trump is probusiness and biden is not. Stuart what really makes it win or lose is not so much win or lose on the issues, it is win or lose on your style, how you present yourself, does the audience want to see you on tv for the next four years every single day, it comes down to that doesnt it. It really does and thats where President Trump has his own style, some love it and some do not love it but one thing i would be telling the president and i know hes a big fan of yours, he does not want to come across as a bully tonight, i think on the merits when its man versus man on that stage, if youre a betting man its a pretty easy way your money will go on President Trump, he has a style in the substance in the track record to really beat biden in every single place where they can have a headtohead and if it comes down to coronavirus, i think that biden loses and loses terribly because President Trump can point to what he did to stop coronavirus from getting worse in this country. I think the main thing for President Trump would be not to come on too strong, beat him and beat him handily but not to come across as a bully. Stuart i put you down as a trump supporter, thank you very much will see you again soon. President trump has announced plans to distribute 150 million bit lab rapid covid test. That would be a 5dollar test with results in 15 minutes, real game changer would you say. I would say so, i think it is a game changer because it is so rapid, only 5 per test and theyre talking about sending out 100 million test right away, the accuracy is 97 if youre symptomatic or if you have virus in your nostrils. This is extremely accurate it will be helpful in schools in Nursing Homes because Nursing Homes as you know one person gets in the whole nursing home gets it, will be able to test everybody in Nursing Homes, this speaks to the whole idea of the innovation and biotechnology that we see coming out of the administration right now and we also to saliva test, sorrento, both have saliva test but have emergency use authorization were moving into the air of Rapid Testing and rapid results and if you have to wait days its no use whatsoever but were moving to where we can have the results right away, extremely accurate very cheap and hundreds of millions of doses. Stuart when you say result very quickly, what i want is an instant test, i want to be able to spit in and say yes or no, you have it or you dont have it, when do i get a test like that. I say this qualifies, i know how inpatient you are but this test is 15 minutes i think even you and you can wait 15 minutes for results, 18 days is ridiculous. Stuart thank you very much indeed, we will see you again soon. Kay schuler investigates the Housing Market prices they are out with the result. Susan yearoveryear it rose 3. 9 in july, thats pretty significant because that matches the fastest annual growth since december 2018, the secondhighest or the highest is the rising home prices with 4 and is still hovering near the record levels, i think thats very important especially as housing drives one fifth, 20 of the u. S. Economy, charlotte reported the highest yearoveryear increase in home prices. Stuart why am i not surprised all right thank you, look at the futures again, we are going down ever so slightly pretty much across the board, Tuesday Morning now this one, the democrats have found a way to redistribute your money, how do you do that you stay on lock down mode and you rake in the cash, i have evidence of that coming up for you. Less than 12 hours from the first president ial debate joe biden has called early lids stopping the action, dodging questions but tonight he cannot do that, Varney Company just Getting Started. 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 stuart flat to slightly lower is my judgment on the market before tonights first debate, no surprises and not that Much Movement so far. Ubs says by gold, 1800 bucks an ounce, down from 2000. Susan in insurance against uncertainty with election and a covid second wave, gold prices shot through record above 2000 andounce going back the last few weeks to 1800, ubs says the stick idea, a good entry point with Interest Rates expected to stay low at least for a while, gold is cheaper to own because youre not i missing out on higr Interest Rates. They say gold will get to twitty 100 an ounce next year, you might make 300 bucks. Stuart what is the etf gld, just etf gld. Ashley. Susan that is the gold s not if you want to own stock itself. Stuart i guess ill buy the little coins and bury them in the backyard. You cant win. Senate judicial chair Lindsey Graham will meet with am amy coy barrett, marshall enter Marsha Blackburn joints is now. Can you see anything that starts a vote in the confirmation of the judge before the election . There is nothing that stops the vote, we know that senator durbin has admitted as much as this weekend on tv of what theyre trying to do is delay and what theyre trying to do is reframe the argument and the treatment that they are giving judge barrett i think is incredibly inappropriate. They did this to Justice Kavanaugh and it looks like they want to get back to their old tricks. But to say we need to investigate these adoptions from haiti of the two children that they have adopted, i think that that is so unseemly. Stuart that is grossly unfair and it is a kavanaugh style tactic, i believe you meet with the judge on friday, is that correct . Yes, i do. Stuart any idea what you will say to her. I am going to look at some of her writings and opinions and i want to talk with her about her philosophy of the government and how the judiciary works and i appreciated being at the white house on saturday and hearing her remarks there and knowing that she sees the court as acting on policy, they apply the law, they do not make the law, what the American People want, what tennesseans want is judges who will apply the law. Stuart i would like to talk to you about china before we get into the conversation i want to show you what joe biden has been saying about china. Do you believe russia is an enemy. I believe russia is an opponent. I really do. To think china as an opponent. China is a serious competit competitor. Stuart he thinks china is a serious competitor, what do you say that. Joe biden needs to realize china has built and economic model on stealing our intellectual property and reverse engineering in many of our inventions, he has china has seriously damaged our nation economy, look at what they did to us with covid19, look at what they have done with pharmaceuticals that are contaminated because they have shift back into our country and look at how they have withheld active pharmaceutical ingredients that are necessary components and drugs, look at what theyre trying to do with huawei and how theyre trying to build a spy network, how they are using apps, by the way joe biden look at how they have banned every app, usmade app and they are throwing such a fit about tiktok, this is not a level Playing Field with china they do not wish us well, they are not trying to come into the community of nations, they want the community of nations to be subservient to them in joe biden needs to realize that things have changed, they have changed over the last 50 years. Stuart odds are it will come up tonight. Senator Marsha Blackburn, thank you for joining us on a busy day. Very much indeed. I have a story about microsoft. They got hit with a global outage, actually i got hit after programming and walking into my computer first thing this morning. Tell me what happened. Lauren i got hit as well last night, what happened they are in outlook email and their teams workplaces were shut for several hours started around 5 00 p. M. And lasted around four hours before microsoft was able to restore the service and people were trying to login and they could not and the reason was microsoft had an update which messed up their Cloud Services which is interesting the old days you say this is 5 00 oclock on, no big deal but no, so many people in the work from home environment are doing most of their work later at night, half of the chat volume happens after 5 00 p. M. , so this night outage affected so many people who are actually working. I did not think about because i mostly from 8 00 oclock at night until 12 00 oclock in the morning. I missed and i did not get it until i got to my office at four. Were gonna show you how the markets are going to open this morning, same story, flat to slightly lower and advanced to the first debate. We will be back. I wanted more from my copd medicine, thats why ive got the power of 1,2,3 medicines with trelegy. The only fdaapproved, oncedaily 3 in 1 copd treatment. With trelegy and the power of 1, 2, 3, im breathing better. Trelegy works 3 ways to open airways, keep them open, and reduce inflammation for 24 hours of better breathing. Trelegy wont replace a rescue inhaler for sudden breathing problems. Trelegy is not for asthma. Tell your doctor if you have a heart condition or high Blood Pressure before taking it. Do not take trelegy more than prescribed. Trelegy may increase your risk of thrush, pneumonia, and osteoporosis. Call your doctor if worsened breathing, chest pain, mouth or tongue swelling, problems urinating, vision changes, or eye pain occur. Think your copd medicine is doing enough . Maybe you should think again. Ask your doctor about oncedaily trelegy. We know times are hard and were here for you. Find support at trelegy. Com. Stuart the markets are literally moments away from opening up, it looks like we are going to be slightly down, i want to bring this to your attention a professor is warning that the next few weeks will be rough for the market but the professor says, 2021 will be good for the market regardless of the election outcome. Ive got everybody with me, working to go around the horn, what you make of the market good in 2021 regardless of who wins the election. Ashley i disagree and i think most people would think donald trump better for the economy than joe biden no doubt but beyond that and lets be honest when a vaccine becomes widely available, Goldman Sachs believes that that will be at the end of the Second Quarter next year when it will be truly widely available, Consumer Spending we know accounts for 70 of the u. S. Economy, a vaccine is the one thing that is good confidence a good for the economy good for the market. That said the year of the big tech, historic low Interest Rates from the pursuit of growth, any growth and thats why weve seen the same big five tech giants if you like continue to benefit, with a vaccine available economically Sensitive Companies will make a comeback, theyre the most to lose on the way down in the most room to recover on the way up, maybe disney, airlines, cruise lines, hotels, that kind of thing. Stuart wharton says the market does 12021 regardless of the outcome what do you say. Lauren i think he is saying so many investors are sitting on the sidelines because this is too volatile and too uncertain and there sitting on the sidelines for months, 4. 4 trillion in cash sitting there with a investors not sure to get back in, you have sideways trading that could be what hes talking about and as actually mentioned, a vaccine that will be the focus no matter who is president , stimulus and rebuilding the economy that has been crushed by the environment. You can look at tech if both show a light hand which the industrials the most loved se