Despite election polls moving against the president , despite the media aggressively questioning his treatment and his doctor statements and his hospitalization, all of that despite it all and by the way they really hated this, the president ial driveby, thinking his supporters, cnn said he exposed his secret service driver, the president had a good night, hes been treated with remdesivir in a steroid and his doctors will update his position in two hours, you will see it, that could move the market, i have a sign of the virus time story for you, the regal chain of theaters will shut down indefinitely, 540 in america, 120 in britain, they cannot handle the delays in the release of big budget movies, james bond never say die and they cant handle the publics lack of enthusiasm for watching movers out of the home, the virus rippling through with all kinds of indications, throughout the show we are checking the president s medical condition, his possible return to the white house and the market response, Live Action News with the election four weeks from tomorrow, Varney Company is about to begin. Were getting great reports from the doctors, this is an incredible hospital, walter reed, the work that they do is absolutely amazing and i want to thank them all, the nurses, doctors, everybody here, its been a very interesting journey i learned a lot about cobid, i learned about going to school, the real school, this is not lets read the book school and i get it and i understand it and its very interesting thing, i will be letting you know about it, in the meantime we love the usa and we love what is happening. Thank you. Stuart i think the president looked pretty good, that was his update as he works out of walter reed, moments ago white house chief of staff mark meadows says he is u optimistic that he wille able to return to the white house today. Earlier sunday, i got a repeat this too, the president took a moment to show his things with the driveby outside the hospital, greeting supporters who had been gathering all weekend long, now look at this, this is new, take a look at the scene in new york city, 100 cars stopping traffic around fifth avenue right outside trumped tower showing their support, new york city this morning. The spring Infectious Disease doctor matt mccarthy, welcome back, good to see you again, the president is taking a steroid which im told is given to patients in real difficulty, your comment on that steroid. He is on dexamethasone, a drug that we give to patients that need oxygen who have covid, a big picture what im looking for with the president s treatment is is he being treated like any other patient, the reason Ronald Reagan survived his assassination attempt, he did not get extraneous vip care, he was treated like anyone else in the president is being treated the appropriate way and dexamethasone as part of that. Stuart if he is taking the steroid and remdesivir, should he be thinking about returning to the white house today. People are commenting and wildly speculating what dexamethasone could mean for his mood, his behavior, the truth is, this side effect is dosedependent, hes on a dose that we do not see tremendous side effects with, i see that he is tweeting a lot this morning and he somewhat back to his old self, this is a drug that we monitor and key people under close observation, as its been noted the first few days of the infection the virus is attacking the body but the second part of the infection, week two is where the immune system is ramping up and you can still get into trouble, when he goes back to the white house, hes going to be closely monitored, if there is one other point i can drive home that is unique about coronavirus and somebody whose treated hundreds of cases this virus can cause a dangerous drop in oxygen level in patients do not feel it, just because he feels great does not mean we are out of the woods yet. Stuart he is getting a lot of criticism for the driveby and people claiming it was unnecessary that he could expose others to the virus unnecessarily, what do you thi think. Like i said with Ronald Reagan, we treat you like any other patient, what i let my patients do a driveby, they probably dont have the interest in doing it but no i would not sign off on Something Like that, we want to stick to the protocols and we know what works and what does not and so i cringed a little bit when i saw the driveby, i will be honest. Stuart we appreciate you being on the show, i am sure we will see you again. A lot of you. Thank you again. The markets right now, premarket, the futures looking at again across the board, up maybe 200 for the dow, investors are watching the president s health and what that means for various aspects of policy in the election. Susan like stimulus for instance, that the main factor, the stock market hates uncertainty in the president hospitalization has change that picture in the premarket indicating a higher open and more certainty that there is less chance of a contested prolong election on november 3 in this polls showed a widening lead by joe biden and also hope for the president s call for more stimulus over the weekend for the American People to get the Republicancontrolled Senate and Mitch Mcconnell to the table and President Trump writing this weekend and possibly about the stock market saint stock market highs, vote, less than 30 days away from the election and you have jitters up there with fear engaging in the volatility index sitting at a highest in a month time but despite all that, take a look at Oil Rebounding off three weeks close and do i get to call in my win over the weekend on friday when the markets were bouncing back from the early selloff. Stuart we did not close higher on friday however. Susan they did rally back with a 500point down. Stuart lets call it a tie. Wall street people apparently think that we do need more stimulus in the market depends on more stimulus. Susan we can go 10 lower and the s p 500 could retest the 3000 levels according to the ceo of trading platform, that is 10 down, the s p hasnt been close to these sense may this year, youre looking at possibly another eight month low, anytime you market voices like currency traders, limited downside even with a similar package because its all been priced and, no one expects a stimulus package at this point because they are so far apart in their confirmation hearing to filter out, that was probably more important at this point. Stuart i would not be surprised of the late late stimulus plan, the politicians love to spend the money for weeks to the election. Susan were 6 away from record highs and 8 away from the nasdaq. Stuart lets bring in market watcher, he returns to work this morning. First of all, we just finished the Third Quarter and you think it is a huge expansionary quarter, how good is it. It should be up 30 maybe even a little bit more than that and that actually comes from the Federal Reserve bank of atlanta that does a great tracking Service Looking at the Economic Indicators that come out into the real gdp. Stuart do you think the Fourth Quarter, october, november december, that we need for the market to keep going up and we need a stimulus plan . We have a stimulus plan coming from the fed, what is the expression that they just keep giving us the gift that keeps on giving and that is the Interest Rates being a 0 across the boa board, the bond yield is under 1 and the mortgage yield is under an alltime record low, people are missing the housing boom resulting from that and resulting from the Pandemic Impact on triggering the urbanization, all housing indicators have been on fire and when people move to the suburbs as a result of the urbanization, they buy cars and furniture and i went to the paint store this weekend and theres a help wanted sign on the front door and there was a long line and the manager there said business has never been better. Stuart i drove past the Shopping Mall in new jersey and it was absolutely jammed pack, you cannot get a parking space. Did you notice sherwinwilliams stock price is up 75 since march 23. Stuart you think we are all set for a big shopping holiday season. I think so a lot will be housing related and i think car sales will be pretty good, i market to minimize the pain that a lot of people are still in and probably will remain that way until we get a vaccine but i think its important to realize that there are offsets to the ongoing pandemic challenges that a lot of Service Economy industries are facing and a lot of people in the job market are facing still unemployed, still looking for the jobs to come back. Stuart the market is up despite it all. And youre getting for joining us, we will see you soon. The man bill de blasio threatening to shut down parts of the city again over a spike in virus cases, how much of the city are we talking about. Lauren we are talking about nine hotspots in half a Million People in certain parts of brooklyn and queens, they will go into a lockdown starting on wednesday as bill de blasio has his way, 300 schools have closed, restaurants take out only, all nonessential businesses shut, this will be two four weeks but we are talking about 20 neighborhoods overall because there is 1111 additional zip codes on watch that could lose Indoor Dining and indoor gym starting on wednesday, the Governor Andrew Cuomo has to approve any regional lockdown, we will see what he does but there has been a spike in covid cases in those nine hotspots particularly. Stuart newsflash for shutting the bars in paris as well. Thank you very much indeed, look at the futures, look at them go, monday morning rally despite it all, up 200 for the dow, h m closing 250 stores next year, they are struggling with sales during the virus, will h m survive, we will tackle that question, Speaker Pelosi says she hopes President Trump heart will be open and he will change course on the virus, playing politics as the president is recovering, we will play you the sound and you can decide, joe biden a 14point lead over President Trump in a new poll, that pole follows the first debate, is the economy no longer the top issue, we will discuss that too, that is next. Keeping your oysters 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 claim your seventyfivedollar credit when you post your first job at indeed. Com promo stuart we are told that joe bidens proposed tax plan could hurt the markets biggest winners, i presume that would be the tax under big tech. Susan big tech is vulnerable, i dont know how you get that, they are especially vulnerable if they follow through with the plan to raise Corporate Taxes up to 28 and hike taxes on foreign income and americas is subsequent to reduce profit for s p and 500 companies as a whole but it gets worse for big tech names like apple, microsoft, alphabet, google, facebook and amazon, the big five are the main drivers for the s p this year and the most influence that they have had on the index in decades, according to the data, last year all five of the tech giants were paying tax enter tax rates between 10 5 and microsoft paying the least and facebook paying the most at 25 , isnt it interesting that amazon paid 70 taxes, biden has an amazon tax forcing everybody to to pay 50 in Corporate Taxes when amazon paid 0 business taxes in the last few years in america. Will the stocks, it is bifurcated, some say they will accelerate with more stimulus, some say they will be hurt by higher taxes. Stuart when you get a tax increase on businesses in the big tech, they will suffer. Watch out for your 401k. Joe biden has a 14point lead in the latest wall street journal nbc poll, Stephen Moore is with us. That poll was taken right after the chaotic debate, i think it measure sentiment about the debate, does that mean that the economy is no longer the top issue on voters minds. First of all i do not believe for one minute that donald trump is anywhere near down 14 points but if you look at the polling today versus where trump was four years ago, he is in much better shape today than he was four years ago and he won that election, you should throw the polls out the window, registered voters are not likely voters, we know three Percentage Points or four percentage light to people, they dont want to admit theyre gonna vote for trump, i think you made an important point this morning, which is people think that the Biden Economic plan is a moderate plan, it is not, i just went through every democratic platform going back to 1960 when john f. Kennedy ran for president , that includes people like walter, george mcgovern, obama, no democrat in modern time has ever had as radical attacks increase as joe biden is talking about he is talking about a 4 trilliondollar tax increase that you guys are talking about, almost doubling of the Capital Gains tax, an increase in the Corporate Tax, the Corporate Tax is just attacks on the shareholders of the company, that reduces the value of these things, what worries me the most having served of an Economic Advisor for trump four years ago, we twisted all the dials on the economy in a positive progrowth, proworker, per wages direction, biden has said if you elect to be i will put them in the opposite direction, i think you get a really negative effect, not just on the economy but the stock market god for better put in place. Stuart i hope next week and next six president ial debate, i hope mike pence can bring that out and throw it right at Kamala Harris, what about the economy, bring it back to that. Exactly, mike pence, this might be one of the most important Vice President ial debates ever because obviously because of bidens age number one, number two trumps illness, there is a lot of concern about his health situation, i think this is a big debate for mike pence, he has to really take it at democrats and say how in the world are you going to get the economy to work better if youre going to raise taxes by 4 trillion, Small Businesses get crushed by the tax increase, the big increase in the Small Business tax that the individual tax rate in the payroll tax rate people need to be aware that you may not like donald trump but the policies that you might be voting for under biden are extremely antigrowth and extremely antishareholder. Stuart the Vice President can bring that out next week, Stephen Moore, we will see you again real soon. Despite President Trumps diagnosis, joe biden says he plans to attend next thursday debate in miami and we still have not heard about any new roles from the debate commission. Like a moderator with a kill switch on the microphone, we have not heard anything about that, more news and just a moment, a quick fox business alert, pennsylvania pat toomey expected to announce his plan to retire after his current time expires, toomeys retirement would mean the senate seat in the governorship will open in pennsylvania and thats a 2022, the announcement expected to come around 10 00 oclock eastern and you will see it, the market is Still Holding on for our ninth premarket preopening gain of 200 for theyre down, its a monday morning valley despite it all, we will be back. Some things are good to know. 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