Joe biden got through all 90 minutes without a gaffe or no senior moment and enough energy to say to the president overshot up man. He called him a racist, a liar and the worst american president ever. Mr. Trump came on strong, perhaps too strong, he may have brought sympathy after he attacked his sons drug use. Key issues were lost in the fight, biden were not answer questions about packing the Supreme Court, he was wrong about the economy under President Trump, he tried to walk away from the green new deal, i wouldve liked to heard more about that, the president would not condemn white supremacist and did not fully answer questions about healthcare. My opinion, nobody one, voters who wanted a fight lost. Right after the debate stocks sold off, features showed a 300point loss for the dow but it has come back, perhaps because a lot more talk about a new stimulus plan and a good jobs report from adp, we are looking at a 50point loss for the dow, Minor Leagues loss for the s p and the nasdaq down 25. That is it. For those of you who can care less about politics, we have palantir, it mines data for Government Agencies and big corporations and a new Economy Company that has been very popular recently, palantir has been losing money but if you want to you come by stock as of today. I will tell you do we have a show for you, the day after the first debate, kayleigh mcenany, martha maccallum, lou dobbs, bret baier, theres a lineup. Varney company is about to begin. Are you willing to tell the omega people tonight whether or not you will support either ending the filibuster or packing the court. Im not going to answer the question. Why would you not answer the question. The question is. The radical left. Would you shut up man. The wrong guy, the wrong night, the wrong time. The whole idea. There is no manifesto. Please let him speak mr. President. You just lost the left. Dont ever use smart with me. Dont ever use that word. There is nothing smart about you joe. We handed him a blooming economy, he blew it. You already fired most of them because they did a good j job. Wait a minute you get the final word. Its hard to get any wording with this clown, excuse me this person. Stuart you heard it didnt you, a little taste of last nights shouting match. Is that what you wanted to see, if you tuned in at the start did you keep watching to the end . It was the first debate in a very important election. The next one scheduled for october 15, some on the left wanted to be canceled. Joe biden got through this one, cut off the debates while youre ahead, that seems to be the thinking over there. Lets get to your money, bring in shark shaka lonnie, there ia major selloff but do you think its because of the debate. As you pointed out were down 300point to the features after the debate ended and were down another couple hundred points but we made most of that back up and i think the market is struggling to get above water and probably based on the likelihood of the hopeful likelihood of whether or not it is remains to be seen. I think investors are disappointed in what they saw, i know i was and i was hoping for policy and platform positioning so i can understand where to apply capital, i do not get anything like that. Stuart i dont think were any wiser this morning of what a biden presidency would look like or abiding presidency with the senate going democrat how that would look like, i dont think were any wiser this morning than we were 24 hours ago. No we arent, i think the markets may reflect that the rest of the week, we had good numbers yesterday in terms of Consumer Confidence, those numbers were great Consumer Sentiment is strong and positive in the market like so they saw yesterday and tried to rally and based on what we saw dennis he of the debate, i think they get to be a little bit testy and whether we can continue to rally off september lowes because of the poor performances of the candidates in the debate. Stuart are you going to wear off buying any stock until after the election . No, i am poised to buy on any dip, we have already bought some stock on the first leg of the september dip, im looking to buy considerably more depending on what dip that we get, i anticipate some selling as they go to the sideline going into what is probably going to be a contested election and i think that creates a tremendous opportunity. Any dips are going to be buying opportunity. Stuart you have been saying this for four or five years, by dips, by dips, you always bought the dips, toys worked out for you. Are you basically predicting that come what may next year will be very good for the stock market . Absolutely, i think firstquarter is probably going to be the beginning, before the First Quarter i think we will bounce, no matter who it is once we get past the election in the contention and whatever happens, people are talking about the contested elected as far as a president but nobody is talked about what will be contested in terms of the congressional rate, i think its going to be a royal mess but once its all clear, it does not matter who wins. The congress has to fix what is broken in the economy. We know theres a lot of problems of money has to be set and we will get stimulus at some point and there will be a turnaround of events and next year will be a great year. Stuart we will leave it at that, you are on tape, next year will be a great year. Watch out. Thank you shah gilani lets bring in ronna mcdaniel. Can you make the case that President Trump won last night . I can because i think joe biden was all over the map, first he said the president did the wrong thing shutting down the economy, then he said im going to shut it down if i get elected, he would not answer about law and order he sent them ahead of the Democrat Party but then when he was asked if he called the governor of oregon and the mayor of portland he would not answer that question and i think finally the big loss for biden was refusing to answer about stacking the Supreme Court, which means yes he will. The fact of the matter is joe biden is contemplating upending the third branch of government and being dishonest with the American People. The more we replay these clips, the more that you see joe biden really failed last night to share with the American People and honest vision of how he would govern. Stuart let me show you this, i thought it was very hard to watch, i thought it was a shouting match, i thought it turned a lot of people off and i dont think it would convince those people who remain in the middle, i do not think it will convince them to go one way or the other. Last 30 seconds for you. I think people left with her candidate but i do think if you dissected joe biden the fact that he will not answer about stacking the Supreme Court, we need to get to the bottom before this election is held. Thats, you have a president ial candidate that will not be honest and i think Chris Wallace shouldve pressed him hard and i think every other reporter should push this i think the American People need to know. Stuart thank you for taking time out, i know you have to be very busy, we appreciate you being here. Lets bring in susan, we are all desperately searching for positive this morning and susan has found the 400 stock. Susan not a bad place to be, 60 on the nasdaq have rallied and at least 400 at their peak this year and in a year in the midst of a pandemic, the number of stocks have skyrocketed, at least 400 at some point in the first three months of this year and the highest number since 2000, the. Com era think of zuma, tesla, or novavax, overstock, 60 of a third are held to companies rallying on the need for treatments and cures for covid, as a whole for the broader stock market, it was a tough year for most companies in most stocks, more than a thousand stocks lost half of their value out there lowes in your part of the 60 that have rallied 400 , youve done very well this year. Stuart at the lowes, half of them lost half of their value. The market did sell off in march. Susan it has rebounded since. Stuart check features, the day after the debate a contentious food fight debate, down on the dow, a fractional loss for the s p and down 15 on the nasdaq, the media did not hold anything back after the debate, watch this. That was a hot mess inside a Dumpster Fire inside a train wreck. That was a ship show and a complete disaster. That was the worst president ial debate ive ever seen. Stuart we will have more on that coming up, heres the allstar lineup, White House Press secretary kayleigh mcenany, martha maccallum, lou dobbs, bret baier, quibi here, Varney Company rolling along. Diane retired and opened that pottery studio. How did you come up with all these backstories . I got help from a pro. My financial professional explained to me all the ways nationwide can help protect Financial Futures in peytonville. Nationwide can help the greens get Lifetime Income because their son kyle is moving back home and could help set up a Financial Plan for mrs. Garcia. And he explained how nationwide can help mr. Paisley retire early and spend more time with his pal, peyton. And their new band. Exactly yeah. Dont forget the band. I havent. Stuart plenty of Economic Data out this morning, we will start with mortgage application, talk about real estate. Susan drop in total Mortgage Applications down close to 5 , 4. 8 from last week to the previous week, Mortgage Applications to purchase a home fell 2 for the week but if you compared to last year we are up nearly a quarter. Stuart adp private sector jobs before i think that was a good number. Thats what turned around the features in the premarket in the stock market, adp came and struggled than anticipated, private payroll increase 749,000 in the month of september, compare that to the estimates of six under 50000. I think that was a Positive Side for the job market. Stuart 100,000 outcome a final read on Second Quarter gdp. Susan this better than in piss impeded shrinkage and a record of u. S. Economic history, Second Quarter march and june saw the economy shrink by 31. 4 , that is better than the initial 31. 7. Stuart never said anything about that before. John lonski is with us this morning. John you are an economist, that was a standout news report on private sector jobs, talk to me about the whole Third Quarter, this is the last day of the Third Quarter, how big of a blowout. Third quarter real gdp, that will be growing by 28 annualized, the number is going to come in closer to 30 then to 25 , a giant improvement over the 31 contraction we had for the Second Quarter, the incredible story is the jobs number that we had today, nearly 750,000 private sector jobs, my goodness every time i looked at the newspaper and listen to a tv show, a different channel, i was being told the economy is falling apart, it is slowing down and yet we got the huge increase by private sector payroll for september and we had the Unemployment Rate of 8. 4 , it took us four months to go from april nearly 15 to 8. 4 under obama, biden, it took 27 months to get the Unemployment Rate down from the high of october 2009, that was generate to thousand 12, thats ultra should be stressing, dont talk about the greatest takata be ever, talk about how great the labor market was prior to covid19. Stuart you talk to me about the moody report which is rattling around moody says a biden presidency will be better for the recovery then a second term for trump, what do you say about that. There is one problem, the difficulty of trying to quantify increased regulation. One thing i would be worried about is a biden presidency we will get an increase in regulation, thats what happens under obama and biden back in 2009, 2010 and because of increased regulation we were unable to realize the full benefits of massive fiscal stimulus, we have fiscal stimulus package and we could not benefit from it. That was a near 0 federal funds rate. Economists cannot quantify regulation wealth in a macro sense and so i would not dismiss the possibility that too much reg could damage or offset a lot of the fiscal monetary stimulus. Stuart i am laughing that is quite obvious your dog is a trump supporter. Lets move on, who gets credit for the economy in the great economy prior to covid, both of them biden and trump are claiming credit for. Watch this. I had the greatest economy in the country were doing a business, he will shut it down, he will destroy this country. We inherited the worst recession short of the depression in American History, i was asked to bring it back, we were able to have an economic recovery that created the job youre talking about, we handed him a booming economy, he blew it. Stuart sorted out, who gets a real credit. All give the credit to the administration for being quick to supply first stimulus. Stuart where your reporting from home, we usually have young kids running into the living room and get on camera, weve had the phone ring but this is the first time were we had an interview where the dog barked throughout but he did not put us off. I am so sorry. Stuart its all right im sure hes a lovely dog. We will see you again soon john lonski. Good luck to you and your dog. I gotta talk disney for a moment. They have announced massive layoffs, the stock is down right now, lauren come into this who is disney blaming for this customer. Lauren the state of california and its unwillingness to allow disneyland to reopen safely or even issue guidelines about when they can get back to business, Orange Company said just yesterday that yes it is a . , they cannot tell them when they can possibly be open, disneyland has been open for six months i have been devastating for the workers, the company in the city of anaheim and their relying on tourist dollars, 28000 disney workers of all levels and theme parks with experience in Retail Division are living their jobs, just like that, six much are not making money, classic example of government and business, not working together and in california, yoga conflict between the closed crowd versus the reopening crowd which is the president and obviously disney. Stuart one more awful problem for california. Some of which are selfinflicted wounds in my opinion. Back to the overall market, day after the debate, on the downside but not by much, the s p unchanged the dow down 15, nasdaq down seven, that is not a huge decline. Back after this. This is decision tech. Find a stock based on your interests or whats trending. Get realtime insights in your customized view of the market. Its smarter Trading Technology for smarter trading decisions. Fidelity. 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 not Much Movement right before the opening bell we have a couple of minutes to go, on the downside but not by much, look who is here Charles Payne himself, charles, do you think the good jobs number from adp is moving the market despite the debate yes go last night . I would say it is moving the market but i would not use the word despite, i hear the overarching narrative that somehow the market was reacted to the debate and yes if you study the futures from the very beginning of trading, they were for the most part study, nasdaq was up until 4 00 a. M. , the initial reaction for market was not negative it was indifferent if you will but of course if you get enough chat and Financial Media to drive the narrative then you can kind of nudge it a little bit, the most important thing, forget about the debates for a moment, you talk about the jobs report in the job numbers, think about this if these numbers are echoed on friday by the government were talking about good, 60000 construction, 130,000 manufacturing, if this is the data that we see on it wont matter about the debates, this is all about the heartland and getting america restarted, its about building homes for people moving to the new homes for the american dream, if these numbers echoed on friday, its going to be a game changer. Stuart are you predicting a really strong jobs report friday morning, it sounds like you are. I think its going to come a betterthanexpected, i think we could see a bout a million but in the last 24 hours we sold Consumer Confidence rise at the fastest onemonth pace in 17 years, this morning we got a report from the chicago pmi and i still havent finished going through this thing, it is mind boggling, he came in substantially higher than what the street expected, 62 is the read, this morning Business Insider which is the progressive journal, they love anything that china does, chinas manufacturing came at 51point live from 50 month over month, they said that was a surge, chicago pmi, that was a surge, we have manufacturing and a housing boom and still have a strong jobs market, but where the jobs are, it really is important to americans. Stuart this is been washed under the carpet or the table or whatever the expression is, you are talking about awarding thirdquarter going into a fourthquarter, spectacular results on the economy, i dont hear that much about it when im reading the New York Times or any other publication. Last word to you. It is sad becau