Transcripts For FBC Varney Company 20240712

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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Stuart future showing a nice game this monday morning, despite it all, jason katz with us, managing director at ubs, do you think the market really needs another stimulus plan before the election . It seems that is what the market is keen on on frankly, in spite of the diagnosis and prognosis for the president which adds uncertainty to an already uncertain world, the market seems to be focused on getting that stimulus package and frankly not so much a president ial election, the circle iran in are talking about the senatorial election. Stuart the senatorial election has become the key, are you concerned would you be concerned if joe biden won the white house and the democrats took the senate, that would be a negative for the market when in it . In the short run you would get a kneejerk reaction to the downside but counterintuitively i think you can see a lift shortly thereafter only because you will get the fiscal stimulus package with the blue wave and you will get some form of it infrastructure spent and even though higher taxes, they may wait until they recover from the covid recession before doing so, yes i think the kneejerk reaction will be to the downside if that were to happen. Stuart that is interesting over the longer term there may be extra spending just as good as the stimulus plan now, jason you are talking about becoming a stayathome economy, explained that. Will last up is the new normal, dont get me wrong, is terrific i can work from home and be equally as productive, its helped us navigate through life, businesswise, socially, et cetera, we need a path through vaccine, we need to get past the elections in a president that is healthy, in order to have sustainable moves higher to move materially higher in the market, we need the other side of the equation to play catchup, we have a 40 disparity with the stayathome growth stock versus the value. When we get a vaccine, will be get past the election, when the president god willing is healthy, we can have a path towards a more normal. Stuart you manage the money of wealthy people, are they selling at this moment . They have not been because what we counsel them to do is focus more on rightsizing the tech stocks so they are not overexposed, we are looking at more bond like stocks and stock like bonds, the whole 60 40 allocation has been turned on its ear, looking toward dividend payer that have the value and cyclicality is where you want to tilt portfolios and on the fixed income side, traditional bonds are like stepping in front of a steamroller to pick up a dime, look at fixed income that can appreciate like treasury inflation Protection Security that are indexed to inflation which i think will be on the rise as a result of all the money printing. Stuart stepping in front of a steamroller to pick up a dime, i like that one, see you again soon, the opening bell, that means you have a few seconds to the actual trading, monday morning october the fifth and we are now, we are up and running, lets see where we are doing the first few seconds of business, up from the getgo, up 187, the dow is up 27800 and virtually all of the dow 30 are in the green, its a monday morning valley certainly for the dow, check out the s p, where is that, in percentage terms is about the same as the dow up three quarters of 1 , the nasdaq composite, i like to see this and they have the big tech is doing, very well as the news this morning, they are up 89 points,. 8 , solid gain for the nasdaq monday morning, lets see the vaccine makers, there is a couple of them, were looking at my moderna, i see gilead, they make remdesivir and all the vaccine makers on the upside, the airlines always a volatile bunch, will they get help from the government, or no. We dont north this moment, the airlines are up, the cruise lines, where they, the cdc extended its ban on cruises through the end of the month but they are all on the upside, maybe that means were cruising again in november that the cruise lines are on the upside, show me regeneron, solid gain at 5 higher jumping, the president was treated without companies experimental antibody cocktail. Come on in lauren, what was he treated with. Lauren he was given regeneron and thats why that stock, up 5. 5 , i want to point out this drug is still an investigation phase as most of the drugs are, he was also given a treatment of five day course of remdesivir made by gilead as well as oxygen in a steroid dexamethasone, those for drugs in that order according to his doctors. I do want to show you the vaccine makers, there is no vaccine yet, fisa in phase three trials, my moderna there hoping for results next month, 15000 people were dosed with the second booster shot, that is good, pfizer are promising results for the two dose vaccine and theyre doing that with biotech and then theres Johnson Johnson working out a window shot in astrazeneca and oxford as well as novavax, they are in phase three trials but not in the u. S. , those are the vaccine makers and thats where we stand but the cdc says more likely second half of next year when more people can get it. Stuart even so the vaccine makers are creeping higher, so is the dow we are up above 1 for the gain and up 289 points first thing monday morning, deeann ives says big tech could soar in the next chapter of the economic recovery, what you ha have. Susan maybe 20 25 tech stocks rally for the first phase of the recovery in the second bow of improvement is only just beginning according to dan eye d economic bounce back will improve tech sectors on a mental growth path particular for firms with the information reopening for the next chapter as he points to and look at the apples and who is still bullish on, he likes tesla still, this is something that he is still recommending to investors there is still a lot of upside despite the rally of 50 this year he is a permeable bell. Everything is up, up. Stuart lets talk about facebook, they are already going on the defense ahead of the potential antitrust lawsuit, whilst we have on that. Susan according to reports the government 15 month antitrust investigation into big tech like facebook are supposed to be published as month, for facebook there is a threat to break up facebook from whatsapp an instagram the two platforms they purchased recently in recent years, facebook lawyer say the breakup would defy established law and could cost billions of dollars in harms consumers this is according to the wall street journal. And probes of other Technology Companies like alpha but google, amazon, apple also an antitrust probe as well. Meantime Just Announced late friday night, Mark Zuckerberg has agreed to testify again it seems like he is on capitol hill but this time it will take place on october 28 along with the ceo twitter, jack dorsey and the ceo of google, the section 230 of the 1996 decency act which shields a social media platform of being liable from what their users post, something that President Trump and ag bar and even democrats say they should be repealed or looked out once again. Stuart here is dan saying watch out big tech toys for another big tech to the upside and congress is threatening subpoenas and threatening to tear them up. Tailored to different sides of the fence. Lauren. Susan regulatory headwis hover over the sector. Stuart well said the hover over the entire sector. Another one for lauren, this is a good story, sin a world the owner of Regal Cinemas, they will suspend all u. S. And british operations before, it is sad but this is what is happening, all 536 regal theaters that are operated on by sin a world in the uk theaters closing 45000 people out of work the news days after the James Bond Film was pushed back, the second wave of open, we do not know when cineworld does not knw when they will reopen and allowing theater going when people feel more comfortable going to an indoor space to a theater and when the studios bring back there movie releases, what weve seen and successfully many cases is that movies like trolls and mulan but also the invisible man goes straight to streaming and they are doing well that could cause and is causing some studios to rethink how they release their big movies entirely and that would be bad for the theaters of the going straight to streaming. Stuart it might be bad news intense the public may have changed its taste and preference for entertainment, watching movies at home, you dont go to the cinema, that may be a permanent change, i simply do not know. Lauren i wanted to go to the movie several times and i did not go because there is nothing to see, it is not worth it for me too go to the Movie Theater with out a good movie. Stuart we better get back to normal. Thank you lauren, son at republicans moving full steam on a confirmation hearing for Supreme Court judge Amy Coney Barrett. But what will that look like despite republicans testing positive for the virus, how are they going to do this, we will tell you, saturday night live is back and they could not wait to attack the president. Watch this. President trump is in the hospital from covid and i just want to say my heart goes out to covid. Its almost too funny, it would be like if i was making fun of people who wear belts and then my pants immediately fell down. Stuart maybe its too soon for that since the president is recovering, we will talk about it, New York Times headlines read the pandemic depression is over, the pandemic recession has just begun. We will talk about that in the 11 00 oclock hour, the dow rallies bigtime up to 60. Stuart i like the new industries and companies coming to the market in airbnb is planning to go public, my question is when. Susan buyer under before the end of this year possibly december, raising 3 billion, 3 billion is the key, airbnb said in august and filed confidentially for an ipo and sometime in 2020, airbnb will would be one of the largest and most anticipated ipo this year however, they had to shelf that initially set for march because of covid in decimating travel in their b bs. In 2020 is a banner year for ipos, more than 100 billion ray so far in airbnb would skyrocket that amount best year since 2000 and best day one day be assented. Com bubble in 2000 with average firstday trade 22 upon average. Stuart hundred 40 billion gone into these new companies. Good stuff. Draftkings issuing more stock, i dont like the sound of that. Susan obviously dilution, your seeing the stock price fall for the Sports Betting Company Offering 32 million new class a shares half by the company in half by certain selling stockholders, draftkings will use the proceeds to receive general corporate purposes, the stock is on fire this year, i dont need to tell you up over 400 up over 66 alone in september and draft kings has had a lot of newsmaking headlines this Fall Tracking Michael Jordan as a shareholder and then several exclusive nfl partnerships including the Philadelphia Eagles being the last team they signed up which is one last game, that was pretty good but i would see Sports Betting expecting growth seven times and the next half decade from here. Stuart that is a growth rate to die for. Down today for dilution but 60 bucks a share draft kings, back to the market and liquids here this monday morning, dennis, the man himself, i read your stuff and you communicate with me and you still say the bull market lives, you are right today up to 60 on the dow, make your case that the bull market keeps running. As a great character and jesse livermores book, old turkey once said when asked why he did not take profits after the stock recent dramatically, its still a bull market in its billable market, the monetary authorities remain expansionary and we will probably get whether we like it or not, probably get a Democratic Administration that will be expansionary beyond belief and that will be bullish for share prices, the market moves from the lower left to the upper right and they may not like the political circumstances that prevailed with the market likes them as long as it remains expansionary and the government remains fiscally expansionary. It still a bull market has been a bull market, mark this down until stable market until it stops. Stuart i am laughing but i hope you are right, why is the fed printing all the money and maybe they expansionary fighting of administration, why is that good for banks. Because what will end up happening the yield curve will move to a much more positive slope, the fed has told us they have no intention whatsoever of allowing shortterm Interest Rates and the only fed has control they will not allow shortterm Interest Rates until another year or two years and perhaps even three years, i find hard to believe, lets say two years from now we will have the overall fed rate at or near 0 but to have inflationary pressures at the back and that will drive back and retire and we have back in rates yielding 1. 4, 1. 5 , thats can go to two or 3 over the course of next several years and positively yield curves are beneficial to the bank stocks if you have to buy value, by banks that rising yield curve. Stuart good to see you, the bull market lives, thank you so much we will see you again soon. Tesla, they are planning i am told to by a german Battery Assembly maker. Susan it is important they are looking at german automation which is a supplier that assembled battery module and tax for the Auto Industry and it was up for sale because of the end of last month with the Parent Company you need to raise cash quickly, they mightve gotten this on the cheap and as i mentioned tesla reported record delivery in the Third Quarter friday 137,000 more than what wall street analyst penciled demand for the quarter but the outlook for the Fourth Quarter is the most important how much will they deliver for the rest of this year end to get back to battery as a mentioned approach under the most import part of an electric vehicle and tesla had battery day and they hope to bring down the cost of battery which is important because thats how you get electric cars on par at least cost wise with gas powered vehicles, if you do that that means more people want to offer an electric cart instead of pain at the gas pump. Stuart i would definitely think about if i can recharge really quickly but the point of this discussion, tesla is an electric car company but primarily a battery company. Susan thats right deserves evaluation because Battery Technology and self driving. Stuart its up another 13 bucks, thank you susan, h m closing a lot of stores obviously because her sales declined during the pandemic, how many are they closing . 250, however, that is only 5 of the 5000 stores, the number is small, the reason there closing the doors is because more people shopping online and what h m is trying to do is better positioned itself to provide customers for what they want, fast shifting and affordability, h m sell items that are very affordable, we have a small footprint for h m but is an example of another retailer that is struggling, cut tough times right now. Stuart if they can convert to online, they will look a lot better, that is a fact. Mike pence, Kamala Harris faceoff the big debate on wednesday, will senator harris finally come clean on whether or not she supports packing the Supreme Court, what is her list of Supreme Court members for the future, i will get on to that in my take at the top of the 11 00 oclock hour, airlines of the layoffs of 30000 people at united and american, that leaves some airlines, believe it or not with no flights at all, we will report on that for you. Were carvana, the company who invented car vending machines and buying a car 100 online. Now weve created a brand new way for you to sell your car. Whether its a year old or a few years old, we want to buy your car. So go to carvana and enter your license plate, answer a few questions, and our technowizardry calculates your cars value and gives you a real offer in seconds. When youre ready, well come to you, pay you on the spot, and pick up your car. Thats it. So ditch the old way of selling your car, and say hello to the new way at carvana. So youre a small bor a big one. You were thriving, but then. Oh. Ah. Okay. Plan, pivot. How do you bounce back . You dont, you bounce forward, with serious and reliable internet. Powered by the largest gig Speed Network in america. But is it secure . Sure its secure. And even if the power goes down, your connection doesnt. So how do i do this . You dont do this. We do this, together. Bounce forward, with comcast business. Stuart airbus planning 15000 job cuts in the executive says the recent rise and the virus cases hurts the outlook. Susan can you imagine what the rising cases in europe and resurgence in the u. S. With travel in the future as we shut down across the atlantic, 15000 per airbus is only the minimum if you think about it according to the Company Officials and executive because of the rising covid cases and renew travel restrictions that are in place across European Countries as well, you compare the 15000, think of the 19000 jobs that boeing has announced job cuts in the past week they have announced 170 executives will lose their jobs at boeing as well, we know that air travel is tough and not only for the airlines but the playmakers. Stuart i cant imagine to returning to normal for years and years, fact of opinion. Stayed on the airline layoffs, this is a big deal, as jobs are cut, routes are cut as well, Grady Trimble is in chicago, we suggested there will be airports with no flights in or out at all, is accurate . That is exactly what is going to happen come wednesday American Airlines plans to cut flights out of 15 airports, i want to show you a map of nine of them, american is only airlines servicing these airports, smaller cities and if this happens on wednesday then there will be some airports with no major airline, the reason for this is the decline in travel because of the coronavirus, i want to show you the numbers, there have been fewer than a Million People flying going through tsa checkpoints across the country since the pandemic kit, that number was closer to 2 million and higher than that every single day before the pandemic, we see the job cuts, 32000 Airline Workers between united and american and there is no federal relief, there will be more route cuts in some airports with no flights at all. Stuart that is dramatic indeed, thank you very much indeed, chicago ohare, we have a big show still to come, trump 2020 Senior Advisor, mercedes, former reagan economist art laffer, lauren logan and nfl star tiki barber all on the show today, and the election, it is not over but the polls are not looking so great for President Trump, i want to raise the possibility of a trump recovery bump. I will explain that in my take which happens to be next. 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 almost 10 00 here on the east coast and we still goat a nice rally going. 26 of the dow 30 are in the green, monday morning rally. The big news were following of course the president s virus recovery. Well bring you updates, the update from walter reed as soon as we get them. That will be the official word from the president s doctors. Should be coming to us during our threehour show. I believe we got the latest numbers service sector, susan . Susan much better than expected. The Market Services pmi shows expansion in the Services Sector here in the u. S. As you know services make up 70 of the u. S. Economy. So this is positive. Add that to manufacturing pmi on friday, which shows expansion. Shows recovery is in intact. Stuart fascinating. Despite it all good news on the economy. Market is up 220 for the dow. You can tell the big techs are doing well. And now this. This election is not over. The polls look grim for the president. The media thinks he is on the run and pundits are well frankly smirking but let me raise the possibility of a trump recovery bump in his political fortunes. By that i mean the public rallying around the president as he fights the virus. There was something unseemly to put it mildly about the media desperately looking for any way to criticize the president as he was hit by covid19. Im not going to list all the nasty comments. After almost four years of biased hateful coverage no intention repeating it. I think the media lives in a bubble. Theyre so carried away with hatred they dont understand how americans left and right rally around the president in a time of trouble. They dont want to have the 39 seen as leader and fighter. He has done a driveby thank you to his supporters. He is not cowering in his hospital room as his points would like. He is out there. You remember Boris Johnson brush with the virus . British Prime Minister got a bad case and taken care of the intense safe care under. He was so bad he had to transfer his authority to his deputy. His popularity went up. There is lesson for us. Much is a made shift in the polls after the chaotic debate. Most notably the wall street journal nbc poll showed joe biden a 14 point lead. That was taken before he was tested positive, before he was taken to the hospital, before the mead. I dont think the americans like to see a president when he is down. Yet again the hatred from the left and from the media may rebound against them. This election is not over. That is my opinion. Lets go to straight to brad blakeman, former Deputy Assistant to president george w. Bush. I know you will agree with me, brad, this election is not over. I know you would love to see a recovery bump. Do you really think well get one . You bet we are and the reason being is the president has shown what, as horrible as this virus is it is treatable. In many cases overwhelming percentage of people who get it recover. The president has told us sometimes we can understand the cure is worse than the disease. The president is going right back to work. Look at his age. Look at this man has. He has been able to weather it so far. Looks like he will get out today. He will do what . Go right back to work. I think the American People love when people get off the mat and come back. He is the comeback king. Remember the Hillary Clinton folks four years ago were measuring drapes in the oval office. They were relying on polls that were totally misguided and incorrect. I think you will see that now. The fact that the president is rallying back is going to be something that i think will help him in the long run. Why . Is because he is not cowering. He is not in a bunker. He is getting out there. He is doing exactly what he is asking americans to do, get back to work. Stuart the worst thing would be, president levels the hospital, goes back to the white house, has some kind of relapse, goes back to the hospital. That is pure speculation but that would be a pretty bad thing for this president in this election. No doubt about it but i can tell you this, the president is being treated by the best doctors in the wormed, they would not release him if they thought that was a high probability of happening. They wouldnt risk his health. The president is smart enough not to put the country in peril. Youre seeing markets. If the markets thought the president was not doing well. If the markets thought the president was unable to govern you wouldnt see stability and gains in the market. Markets are seeing the president rallying and theyre rallying to him. Stuart do you think the president in the next debate, that will be october the 15th will change his style . The truth is he appears to have lost with his aggressive interruptions. He appears to lost the first debate. Because the wall street journal poll showed biden with a 14 point lead, do you think he changes course in the next debate. Less rhetoric, more results. The debate is town hall which will lend itself something the environment is very comfortable with, talking directly to people. The president has to tone it down in rhetoric. He has so much positive results. He can hit joe biden on the coronavirus. Say it is not about shutting down america. It is about putting americans back to work because the cure is worse than the disease. The democrats want to shut us down and control in our daily lives. That is their modus on randy. Stuart you would be looking for Vice President pence to go hard on the debate this wednesday night. He has a lot of material to go after Kamala Harris with . Oh, there is no doubt about it. The debate is not going to be long enough to attack kamalas record. I guarranty you kamala is waiting for the woman line, stop being condescending and pandering to me. You bet that will happen. Pens has got to understand where her lines will be coming from, and thwart her at every turn. Stuart it will be about the economy, packing the people court, naming democrat nominees to the Supreme Court which we have not yesterday seen. Correct. Stuart brad blakeman, well see you a lot im sure. Appreciate it. Back to the markets. Always good to talk about a rally. 240 up for the dow. 150 up for the nasdaq. Look at that. Market watcher John Layfield is back with us. Good to see you again. However you dont believe in this rally, do you . Youre not gungho behind it, are you . Im not gungho behind it. I do believe in the rally. I dont want to make any mistake about that. I think were in a recover i, i think were in a very good recovery. We saw 661,000 jobs last month. You have to put that in perspective. We lost 22 million jobs, we added back 11 million jobs. At rate of 661,000 it will take a yearandahalf to get us back to where we were before the pandemic started. Look at the pmi number, manufacturing number, i dont think were seeing a vshaped recovery. I dont think well see one until we get a vaccine. Until we get a vaccine, i think pfizer is in the lead. They have a Clinical Trial ending at the end of this month. It will take five months to get the vaccine produced to get to all the people taking it American People and people traveling to the recovery. I dont see a recovery until we get the vaccine. Stuart would you do any selling . Absolutely not. I think the market will be fine here because of all the Government Intervention. I think well see a massive stimulus bill. What the ted is doing. Dont fight the fed. It is a old wall street axiom. I think it is true. I think there are terrific buys right now. I think a lot of sectors you should stay away from that depend on a vaccine. Cruise industry, hole tell industry. It is scared to bet with Government Intervention and betting on your money with stocks. I would stay away from those sectors. I think there are terrific stocks that i think could be buys. Stuart hold on a second. We had terrific speculation, if you do get joe biden in the whiteouts, you do get democrats running the senate, okay were all worried about massive tax increases but the point is, they will also be huge spenders. So if you got the fed continuing to print money and they will, Congress Spending a ton of money, more than theyre spending already, i could see how that would be an election risk. It would be an election plus. Am i crazy or what . No. I think youre 100 correct. I talked to a lot of friends on mine, wall street guys, head fund guys, they are the same. You raise taxes it will hurt the economy. But the offset here i think is a wash when you talk about how much government stimulus will come, how much will come as far as influx from government money. Well not worry about balancing the budget or deficit right now which we probably shouldnt in a pandemic. I think its a wash. If Vice President biden ends up becoming the president , i think that is kind of what wall street expects right now. Stuart you like walmart, disney, and amazon am i right in saying that . I do. Disney is the almost exact same valuation as netflix right now. I think it should be valued just the streaming business somewhere in the range of netflix. Both are 220 billion. The theme parks are in a lot of trouble, cape signals, espns, streaming on disney should be valued closer to netflix. I think its a great buy here. Walmart should be valued more compared to amazon because of their ecommerce. I own all these stocks. I like mgm, the very same reason, draftkings is valued twice the amount mgm is right now. Mgms online Sports Betting right now should match what draft king is doing. I think there are good buys out there. Stuart what is the statue over the right shoulder . Looks like a giant towering over you . It is the replica of the general in china. Terracotta warriors. I was there in the 90s. I bought the tara cot a warriors to get it. I had to pay tax in hong kong, dallas to get it. That is a replica of a terracotta warrior in china. Stuart a few people asked. That is why i asked you. Thank you. Stuart mike bloomberg, lebron james, they are rallying exfelons to rally to vote in florida before todays deadline this is bloomberg money at work. Weve got the story for you. The confirmation vote for judge Amy Coney Barrett in doubt as gop senators test positive for the virus. They may not have the count that they need. Is that in jeopardy . I will ask trump 2020 Senior Advisor Mercedes Schlap coming up. But first bar rescue guy jon taffer is back. He is fired up about new york mayor de blasio proposing more shutdowns. Can you believe it . The second hour of varney is just getting started. Stuart sina world is closing 540 theaters in america, 120 in britain. Theyre shuttered indefinitely. They couldnt take the delay in releasing blockbuster films like james bond, no time to die. Couldnt take the publics reluctance to watch movies outside the home. It raises another industry, should dying industry stay alive with taxpayer money . The counterargument to that is, well it, was the government that shut things down in the first place. Cinemases, airlines, cruise lines, restaurants bars. They did nothing wrong, the government should them down. Why shouldnt they be compensated for government imposed losses . You will hear a lot about this. Jonathan hunt is with us, fox news chief correspondent in los angeles. In los angeles. What i read about cine world closing down. That is bad news for the name industry. Reporter it is really is. Blame james bond for all this. The regal theaters was a decision by mgm to delay the release of the of the bond movie, no time to dieuntil at least next april that left Regal Cinemas shaken and stirred with the lack of the bond blockbuster essentially being seen by riege gal as a license to kill their business. Regal says it has no choice but to shut the more than 500 locations in the u. S. From this coming thursday. Less than two months after they reopened in some cities. And there is no indication when or even if they might reopen again. The Parent Company, saying in a statement, were like a grocery shop that doesnt have vegetables, fruit, meat. We cannot operate a long time without a product. So there are now big question marks over whether the other big Movie Theaters companies, amc, cinemark might follow regal going dark as Movie Distribution methods and viewing habits change as a result of the pandemic. The Christopher Nolan movie, at the time net was one of the few to open, with so few theaters open, the movie grossed 45 million, having cost 200 million to make. In the wake of those weak numbers, stu, Warner Brothers delayed wonder woman 1984 to christmas day. Disney bumped black widow by six months and streaming live action of mulan. The movie industry is changing rapidly. It may be a long time before we are experience the communal sense of a night at the movies. Stuart wellsaid, jonathan. I think youre right. Now this, new york city mayor bill de blasio wants to shut down parts of the city that have seen covid cases rising. It comes as an audit of new york city bars and restaurants finds 50 of them could close permanently within the next six months. Look who is here, very timely appearance for john taffer, bar rescue guy. John, this is a disaster for new york city, both its Restaurant Industry and the whole culture. Do you think it is justified . Well, stuart, the numbers are going up a little bit but this reminds me a little bit of, believe it or not when arizona stopped smoking. One city stopped smoking, another city didnt. It was by zip code like new york is doing. People went across the street to dine. They just went across the street to the bar. So doing it by zip code is something that really makes me scratch my head, stuart. If you cant dine across the street but dine around the corner you will go around the corner. So im not sure this is the kind of action that is going to make very significantly difference. To me, almost seems like it would spread it by causing people to go out of their zip code to do transactions and whatever theyre business is going to. Im not suggesting that the shutdown be greater. Im suggesting whatever we do would be a heck of a lot smarter. Stuart how about the principal involved here . Should we be handing out taxpayer cash to keep bars and restaurants going when theyre actually dying in front of our very eyes . Well you know, stuart, that is a difficult question. The fact of the matter is what you said earlier rings with me. The government caused the shutdown. Stuart they did. So the government in theory should reimburse us for the loss of Business Revenue or profit that we experienced. Now that doesnt mean they should necessarily fund businesses for the future but it seems that hole they dug us into is their hole. They have to give us the resources to fill that hole at least. For many of these restaurants, were talking they have been closed six months. Now they go out, they buy food, theyre reopening. They can only do 25 capacity. Stuart, it is getting cold outside. Theyre losing outside seating to move it inside. It doesnt affect a real bump if you will. They buy the food. They get ready, the staff is excited, they see light at the end of the tunnel, whamo that light is darkened again. This is a emotional impact as well as a financial one. Stuart i think youre in las vegas. I think that is where youre based, jon. Give me 30 seconds on the situation in vegas and gaming industry, the strip. The strip is very quiet, were entering into Convention Season. We have no convention. Out of 42 million tourist as year come to las vegas, visitors a year, seven million are conventioneers. In Convention Season well see a real hole without the conventioneers. I am in a bus in georgia. The difference, stuart is stark. Here in georgia, restaurants are busy. Nobody is Wearing Masks. It looks as if 2 isnt going on. Maybe 10 of people Wearing Masks on the street. When you go to las vegas everybody is Wearing Masks. Different rules enforced. It is remarkable as i drove my bus across the country to come to atlanta, the difference in each marketplace the way were all behaving. It is fascinating. Stuart are you one of those guys who doesnt like flying . No. As you might recall i have a plane but. Stuart oh. Im sorry, jon. This is, this is a quarantine way to travel for me right now. So i can actually go across the country using my own restroom, have my own food, sleep in my own bed. Im not staying in a hotel yet. This is opportunity. Im here for three weeks. Im here in georgia for an extended period of time. Im in my bus with all my personal belongings, even my own shoots, stuart. Stuart interesting about that plane, jon, i didnt know that. Mr. Taffer, mr. Taffer himself with his own plane. Thank you. Thank you stuart. Stuart talk about industries in real trouble . How about the cruise industry. Norwegian have what extended the ban on cruising. Itineraries are frozen until the end of november. November 30th this includes all cruises booked on all of norwegian companies. Oceana, seven seas. Norwegian itself. Guests beaked on can sell voyages are told to contact the travel advisor for more information. The cdc extended ban on passenger cruising from the u. S. , from u. S. Ports until the end of october. So october 31st. Cdc director, Robert Redfield actually extended the order until february next year, 2021 according to axios sources that was overruled by the Vice President mike pence. Look like these itineraries are frozen until the end of november. If that happens to the cruise lines, think of what happens to the airlines. Stuart yeah. Really, good lord. Thank you, susan. Okay. We just learned the White House Press pool is now headed to walter reed medical facility. No word yet on if there will be a briefing at 11 00 a. M. Eastern like there has been over the past two days. Once we get world well bring it to you. This is the White House Press pool. It is interesting they should be marshalled up there. Wonder what thats about. We also just learned that Vice President pence and second lady karen have both tested negative this morning for covid. Look at the dow. We officially have a market rally. Yes we do. Were up 300. The nasdaq is way up there as well. What a day. More varney after this. Before discovering nexium 24hr to treat her frequent heartburn, marie could only imagine enjoying freshly squeezed orange juice. Now no fruit is forbidden. Nexium 24hr stops acid before it starts for allday, allnight protection. Can you imagine 24 hours without heartburn . Some things are good to know. Like where to find the cheapest gas in town and which supermarket gives you the most bang for your buck. Something else thats good to know. If you have medicare you may be able to get more benefits without paying more through a Medicare Advantage plan. Call now to request this free guide. Learn about plans that could give you more benefits from humana. A company with nearly 60 years of experience in the healthcare industry. 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We had news doctors are using their, regenerons antibody cocktail to treat the president. Up it goes. Were following the president s virus recovery. Yes he is still at walter reed medical facility. Blake burman is with us. Blake, the White House Press pool is headed there. What is the significance of that . Does that mean an update from the president s doctors, or, a president ial press conference or appearance on camera . What do you think . Reporter we dont know, but keep in mind, stuart it has been the 11 00 hour weve been getting an update from the president s personal physician over here at walter reed. Well see if that is what we get this monday morning, the fourth day that President Trump is here at walter reed. You mentioned regeneron. That is indeed one of the Treatment Options that has been given to President Trump. There were a lot of mixed messages stuart over the weekend from the white house and the president s doctor as to exactly the conditional of the president but heres as best as we know it as of this morning. We know that the president was given supplemental oxygen on friday. That regeneron antiviral cocktail as well. The president is in the middle of a remdesivir treatment and has been put on the steroid dexamethasone. The white house chief of staff mark med dose spoke to fox friends earlier this morning from over here at walter reed and said that the president s condition improved overnight. And his health continues to improve. The doctors will actually have an evaluation sometime late morning and then the president in consultation with the doctors will make a decision on whether to discharge him later today. Were still optimistic that based on his unbelievable progress reporter so optimistic, he says, potentially decision later today, certainly possible, stuart. We could hear from the president s doctors coming up in the next hour or so. Stuart . Stuart blake, thank you very much indeed. By the way it looks to me like thats helped the market, the presence of the press pool and the briefing. Were up 326 points now. We crossed above the 28,000 level. Lets get to the election. Joe biden extending his lead over the president. He now has a 14 point lead. That is in one poll. T was from the wall street journal and nbc. Mercedes schlapp joins us now, trump 2020 Senior Advisor. Mercedes, a lot of people are telling me this election is over. He is way behind in the polls. He cant hold rallies, et cetera, et cetera. Do you think it is over . I love how these liberal reporters live in a bubble. They basically declare the race is over. That is just ridiculous. Obviously they have not been out on the campaign trail. Ive been traveling through multiple of the targeted states and what i see on the ground is very clear. There is huge enthusiasm for this president. There is a robust ground game like ive never seen before. Youre talking about the fact even last week, we saw about 2. 4 million doors that were knocked. Over 100 million phone calls have been made in this cycle. The mere fact youre seeing registration numbers, our Voter Registration numbers continue to grow. So i, i just got to tell you, you know, you look at these polls time and time again. There is always over sampling of the democrats or biased methodology. When it comes to looking to internal polls. We are there. Were within striking distance or were leading or tied with joe biden not only in the states that we won but also in other states like minnesota, new hampshire, nevada. We are focused on and ready to flip. Operation maga is just a piece of this. Where we are deploying our first family, the Vice President , top surrogates to continue this drumbeat on President Trump and making sure we get him reelected in november. Stuart tell me about the voting for judge barrett. In the Judiciary Committee senators can vote and interrogate virtually. When it comes to a full senate vote, they have to be there, they have to be present personally. Does that throw the vote on judge barrett into some doubt . Im talking about getting a vote done before november the 3rd . Look i know that the democrats are trying to push every possible obstacle in the way to stop wonderfully qualified nominee to the Supreme Court. Mitch mcconnell is a master in the senate. He will make sure these hearings get done on a timely basis is. Obviously were looking for the full recovery of mike lee and senator tillis and senator johnson. And it is going to take some time. I think there also is time being placed in their in terms of the hearing process, the debate process, that needs to go forward. So we are still on track to get her confirmed, or the senate to get her confirmed before november 3rd. Stuart mercedes, thank you very much for joining us this morning. Im cutting it a little bit short because we are just jam packed with news today. Thank you very much indeed. Take care. Stuart thank you. Bottom right hand corner of the screen, new high for the dow. Were up 340 points now. The nasdaq is up pretty close to 200. Then we have this, pennsylvania senator pat toomey has confirmed his retirement. What did he say, susan. Susan thats right. So he is ending his term in 2022. Take a listen. I will not being running for reelection in 2022. And i will not be running for governor. I will serve out the remainder of my term. After that, my plan is to go back to the private sector. Susan so the lone Republican Holding statewide office in pennsylvania, he was known as a deficit hawk, ardent when it comes to the budget. Probably his trademark might be helping pass the tax cuts we saw in 2017 when President Trump came into office. He was leading that charge as well. Stuart but he is still in the senate for another two years . Susan that is correct. Then to the private sector. Stuart got it, youre looking or we will show you momentarily, walter reed medical center. The White House Press pool has just arrived there. If we get an update on the president s health well surely bring it to you pronto, and thats a fact. Look at that market go. Well be back. Stuart rally across the board. Nasdaq up 1. 6 . Dow up 1. 2 . This is on monday morning. Tell me what is moving the most . Susan the fact we have some would say clarity over the weekend that President Trumps health is getting better. He might be discharged later on to go back to the white house a lot of upgrades as well. Lets look at some big tech movers. These have been decimated by the way on friday when you saw the 2 sell off for the nasdaq. Friday. Rotation today. Wedbush analyst dan ives said we could see 20 gains in some of these tech names crowdstrike is at, we say data, protects data. Stuart okay. Susan so we were looking at gains for this particular name. Also we have amd. A lot of these chipmakers again, this is on the fact that if there is a biden presidency, i know taxes will go up, you will get stimulus, hopefully more spending by consumers. Stuart that is coming out a lot today. You get biden winning the white house, if democrats take back the senate, yes that eventually means tax increases but in the immediate future, it means a massive increase in the government spending. Susan right. Stuart what is what theyre going to be and it will be good for wall street. Susan the fact there might not be prolonged election uncertainty, that is good for markets. Stuart if it was a blow out win for either side. That gives you a result much quicker than if it is a close election. Susan hope ares for stimulus. We heard from President Trump, Mitch Mcconnell and republican side to get something done. Stuart you have a lot of positives actually. Susan yeah. Stuart the stimulus is still on the table. It aint out of bounds yet. Susan nope. Stuart possibility of real stimulus if the democrats take the senate. Susan yeah. Stuart that would be gigantic. Susan yeah. Stuart the president , still in walter reed, but talking about going back to the white house later on today. Susan yeah. Stuart mark meadows says that, chief of staff, yeah, that is a possibility. Susan there are at loaf different Asset Classes on the move today. We, obviously stocks are rallying. We have oil lifting from three week lows. Volatility at the highest in a month. So going back to august, two months now. That is interesting, isnt it . Treasury yields at highest since august. Everybody buying protection on the downside still. But also enthused enough to buy into risk assets like stocks and oil. Stuart dow up 350. Nasdaq up close to 200 that is a monday rally. Now this. Vanderbilt University Assignment asked students whether the constitution was quote, designed to perpetuate White Supremacy. I find this unbelievable but correct answer, to that question, according to vanderbilt was true. If you answered false, you lost points. I cant believe this. Bring in Cabot Phillips with campus reform. Okay, cabot, if you dont think the constitution is racist, you get a bad grade, did that really happen at vanderbilt . It did. That was a class with 800 plus students taking it, leaving thinking, well if my professor says so it must be true. The quickest way to destroy a country is to teach a generation that taking pride in their country taking pride in White Supremacy and that is a recipe for selfdee dee instruction. They have moved on from the Founding Fathers to the founding documents because this ideology they have is so pervasive and so encompassing. I wish they could take into the account the constitution has been basis for every single civil rights and social justice got us to live in the freest most Equitable Society in planet earth. They dont understand the constitution, freedom to petition the government, freedom of religion and assembly, those are things guaranteed under the constitution so many on the left and social Justice Movement have been benefiting from in years passed. They dont see that. In their eyes everything is black and white. If it is not all for us, it must be evil. They throw the white supremacist on it. This is dangerous and a recipe for selfdestruction, stuart. Stuart is this part of what is called Critical Race Theory . Is it part of all of this . This is absolutely a part of this. That is markest ideology breaks everything is down to racism. Everything is white supremacist. President trump on debate stage brought this up. An entire generation is being taught to hate america this is what it looks like in the education system. I have spoken to thousands of College Students with leadership institutes of campus reform. The most common question i get, the most common question, what do i do to get a good grade in class or lie what i know isnt true because the professor is giving me a biased assignment. No student shouldnt have to choose between standing up for what is true or opinion as fact. This is no means isolated incident. We have countless stories going up every day. Time parents started to go check out of politics of universities they intend to pay for. Cabot, see you real soon. Appreciate it. Thank you. Stuart university of georgia score ad blowout but a people were unhappy with the number of fans in the stands. They have 20,000 there. Too many . No masks . Im talking to nfl legend tiki barber is coming up next hour. The Mainstream Media is looking to criticize President Trump after testing positive for the virus. Fox nations lara logan is next on that. When i came to the u. S. , i was fifteen years old. My family was really poor. Now, ive got fifty employees. When the pandemic hit, i was really scared about losing my business. But osmar, my Financial Advisor from northwestern mutual, he told me, brother we got your back. His Financial Planning helped to save my business. If i could talk to my younger self, i would say, youre going to be proud of yourself. Stuart all right. All sectors of the market, whether talking financials, energy, big tech, doesnt matter, theyre all up today. I believe that is a new high for the dow. This is high for the day that is. Were up 31 371. A new high for the nasdaq. New high for the nasdaq up 191. Flatout, folks this is fullscale in the green rally this monday morning. First Lady Melania Trump just tweeting this. My family is grateful for all prayers and support. Im feeling good. I will continue to rest at home. Thank you to medical staff and caretakers everywhere and my continued prayers for those who are ill or who have a Family Member impacted by the virus. There is a Melania Trump tweet. Then there is her husband. The president is under attack from the media after testing positive for the virus. He is always under attack. Look at this tweet from cnns jim acosta, it says, im reading for you, trump did not stop for questions. Of course he didnt he was being loaded into a helicopter to go to the hospital for heavens sake. The lady on the righthand side there, lara logan, fox nation host. Were grateful to her for coming to us today. Have at it, lara im astonished to the reaction by the media when our president is in trouble . Stuart, when i look at it professionally, i dont think anyone should be astonished, this is a press corps from the very beginning refused to tell the truth about russia collusion. That even when all the evidence has come out, they still havent told the truth about that. When the fbi lawyers admits to falsifying evidence and fisa Court Declares warrants illegal, they minimize it and act like it never happened. They have embraced rioters, they embraced arsonists, cop killers. They make excuses for people with criminal records let out of jail. They embraced the burning down of american cities. They never give a nod to anyone who doesnt agree with them. That is how you know theyre really, truly biased. Is it surprising these people are root for President Trump to die and want it to be his own fault. Theyre dancing on his grave before even died. They get a sense they hope it goes badly. Im not surprised because the level of dishonesty in the media has been extraordinary. You can excuse it at the beginning when you believed adam schiff or you believed john brennan, believed ben rhodes, susan rice. You cant excuse it now. The transcripts are out. The information is out. Independent people have been out saying the truth and proving the truth. It is still ignored, minimized and dismissed. You know this what happened immediately within 12 hours of the president s announcement that he had coronavirus the media shifted very quickly to transfer of power. What you see of that strategically, that is the setting of the stage, right . Calling for the transfer of power. It is very interesting to watch. Stuart it is just awful. Before we leave you, i just want to run this clip from snl which returned for its 46th season this weekend. Though couldnt help having a go at the president of course. Watch this, lara. If you were constructing a joke, this is all the ingredients you need. [laughter] the problem it is almost too funny. Look if i were making fun of people who wear belts and my pants immediately fell down. Stuart im sorry, but that isnt just, really bad taste. That is my opinion. Im pretty sure it is yours, lara . I was raised, the way you were, stuart, you dont behave, not gleeful in someones elses demise or trouble. Or illness. Hollywood has People Holding up President Trumps head, severedded head. They said the most awful things about him and his family, his children. There noholdsbarred comes to rooting for the death and demise of President Trump. It doesnt surprise me in the least. I find it refreshing in a way. At least you can see people for who they are. Lets not forget, these are the same people lecturing everybody else on morality. Telling everyone else how to behave. They operate from a position of moral authority all the time. Youre not allowed to have religion, right . Christianity doesnt embrace transgender the same way we do. Youre not allowed to be conservative because your opinions, your thoughts, your beliefs, everything about you is unworthy. It has no place in this world. Because the real america, the better america, is the one defined by the east and west coast. That is really the message that is out there. And so in light of that, i mean it really isnt surprising that you see people showing who they are. But the hypocrisy is wellknown to every american out there. They call them the silent majority. Theyre really not the silent majority. If anyone in the media bothered to give them more than a fly over, they would know people have a lot to say, there is a lot behind it but we dont. We dont put their voices out there. We allow 2 of the population and a little more to speak for the majority. And you know, that is what it is, right . Well see the results of that we saw it in 2016. Lets see this time. Stuart lara, no wonder youre attracting a big following on fox nation. That is where you can see lara logan on fox nation. She has the series, lara logan has no agenda. Were glad you were on the show today. Well see you again soon, thanks. Let me show you walter reed medical center. A live shot right there. The White House Press pool has arrived. If we get an update on the president s health well bring it right to you. It could move the market. Big show coming up. The rncs Cassie Smedile. Former raring began economist art laffer, florida senator rick scott. Nfl star tiki barber all on the show. You will have my take on the vicepresident ial debate. Mike pence has a real opportunity here. The debate is on wednesday. Look at the dow, up 374. 1. 3 . 28,056. The third hour of varney right after this. Turns out, its you. Doing your thing. Dreaming dreams. Building new worlds. Its why we built our workspace technology. To help you do your best work and to see what you can become. Youre made for bigger things. What is the expression, they keep giving us the gift that keeps on giving and that is interestrate. Juan 0. I think what people are missing, we have a housing boom resulting from that. I dont believe for one minute that donald trump is down 14 points, people think that the Biden Economic plan is a moderate plan, it is not, all democrats and moderate times have ever had radical attacks as joe biden is talking about. Whether we like it or not will probably get a Democratic Administration that will be expansionary beyond belief. Will beget a vaccine and pass the election when the president god willing is healthy, we can have a path towards a more normal. He is not in ivanka, he is getting out there and doing exactly what he is asking americans to do, get back to work. Stuart dont recognize the music so i will make no comment, sounds pretty good i guess. It is 11 01 a. M. In new york city as it is monday october the fifth and you are looking at the wolverine medical facility in d. C. , President Trump is being treated for the virus, we could get an update on his condition very soon. We might find out also if hes going to leave the hospital and go back to the white house today, all will be revealed shortly we believe, as for the market the big reveal, with the monday morning rally, all sectors of the market on the upside, up one point to percent for the dow back about 28000, up 1. 5 for the nasdaq, a great gain of 171, that is a rally and now this. Sure, the election of the president s health are very big issues, but we must not forget the appointment of Amy Coney Barrett to the Supreme Court. In the long run of her appointment goes through, she will have a profound influence, the left would no longer automatically dominate through the courts, they would have to rely on voters to get their way. The republicans adamant, the Judiciary Committee hearings will begin next week, even the Committee Members mike lee and thom tillis have tested positive, if need be they can appear virtually. The full senate requires an in person vote, that too could be accommodated. If judge barrett can get 51 votes, she is in before the election. And here is how Vice President pence can advance judge barretts case, he can bring it up in wednesdays debate, he can directly ask Kamala Harris about liberal plans to tax the court with extra liberal members. Senator harris gets flustered when asked about packing the court, watch this. Should the Supreme Court be expanded. You know, first of all joe has been very clear to Pay Attention to the facts and i am with him on this 1000 . Is not an idea you are willing to think about. We are 35 days away from an election that is probably the most important election of our lifetime. Stuart if senator harris does not have a better answer than that in wednesdays debate her opposition to judge barrett will look shallow at best. In Vice President pence should also demand the release of the harris biden list of Supreme Court candidates. After all we have a right to know exactly who they propose to the Supreme Court, failure to disclose is a coverup, and acknowledgment that the public would not like the radicals no doubt on their list, i would also like to see senator harris tackle joe biden totally false assertion that trump is responsible for the covid depression and i would like to see her talk about economic growth, with the Harris Biden Administration vastly increases taxes and gets rid of fossil fuels, wednesdays Vice President ial debate offers a good chance for trump, pence rebound, the third hour of Varney Company is about to begin. Stuart if the president recovers from the virus, mike pence is taking the lead on the campaign chair, Cassie Smedile rnc deputy communication structure is with us now. Do you think cassie, im sure youre going to say yes, that Vice President pence can rally the troops as well as President Trump. Im going to trick you, certainly the president is a fan favorite, thats what the voters want to see and hear from and its so good they be giving the voters what they want from the messages and signs of strength from walter reed but yes the voters are out there for Vice President and they will show up for Vice President pence and the first family and they will show up with nocera at all, we knocked on 2 million doors just this past week and that was on sheer enthusiasm for the president and for the policies that this policy is putting forth in a desire to make sure voters know what the biden harris or Harris Biden Administration would need in the comparison to contrast that in person with voters is so important thats where volunteers are willing to do it. Stuart i dont know if you had contact with Vice President debate preparation team, im sure hes got one. Do you know for a fact that he will push hard to find out who the democrats would nominate to the Supreme Court and what they think, what they really think about packing the court, can we guarantee that that will be in the debate wednesday night . I surely dont have any inside information to guarantee but i do think the Vice President is a fan of your show, hopefully he is listening and watching. I take your point its incredibly important that the voters know what a Biden Harris Administration would look like especially in terms of nomination that the Supreme Court, we knew that was a key in 2016 when donald trump released his list, that was a game changer in many cases for the undecided voters, we know one in five said that was the reason they went to vote and they voted for President Trump a more than 80 . This is a key issue as much as the media buries the nomination, its at the forefront of so many boaters minds and they are wondering, is it by omission, is at her answer that he will pack the court with activist judges, they need to answer them for themselves, i do hope in Vice President pence will push them on that if given the chance. Stuart wednesday night is the night, thank you for joining us. Im breaking away because i want to get on the check of the president s recovery, this is a key question for everybody, all americans and the market as well, blake burman live in washington. Any update on when the president might leave the hospital . No specific update just yet, we are awaiting the possibility, i stress possibility, we might get an update from the president s doctors, so far that is not on the schedule at walter reed but it has been around this time last few days that the update has been given. As you know its the fourth day that President Trump has been here at walter reed in maryland, there is mixed messages over the weekend coming out of the Political Team at the hospital and what was being said by senior officials over at the white house, we have a much better picture of what exactly the president has been through, we know he was given supplemental oxygen on friday and hes also been given where general antibody cocktail, a five day cocktail of remdesivir in the steroid of exit methods on. Mark meadows was been with the president at walter reed said the president s condition improved overnight and maybe they would have a better idea today whether or not the president can be discharged and sent back to the white house but so far today no official update from the president doctors or no official update past alongside the white house. Stuart we will wait patiently, thank you for joining us, see you soon investors watching the president s health and what that means for the stimulus plan and the election, what you have on the susan. Susan 5 away from record highs once again antedate as stimulus hopes we have reports of being reported by fox business that nancy pelosi and treasury secretary stephen management will talk about simmons package. He is pushing republicans to get onside and get on board, that is positive and give us hope that we will get something. Fox business just reported. Susan they will be talking today. Stuart do you think thats linked to the dow taken another leg up, i really think the market wants that. Susan it is helped everybody and obviously this helps those americans with 3 million laidoff, those are the numbers we saw in september we know the economy needs it, there is more election certainty shall we say, will we have a prolonged contested election vote, investors say maybe not in the polls widened over the weekend, the two positive played in the market today, Goldman Sachs expects profit margins, the Company Making profit compared to the cost to go up next year so theyre expecting a better 2021 recovery after cuvee, all of these are positive heading into the market. Stuart if the president were to leave the hospital go back to the white house, that would be the icing on the cake i think. Susan i think so. Stuart thank you, lets have a look at the price of oil, what is going on with the oil market. That is a big game. Lauren 6 moving back towards 40 a barrel, oil has been killed this year, it was down 8 last week alone, its getting some back, energy is the second best performing sector today, two major reasons, we have another Tropical Storm delta forming in the caribbean, expected to become another hurricane making landfall in this week in louisiana, that is threatening the supply in the gulf of mexico but you also have the positive news, the entire market, helping commodity that President Trump is improving and also the stimulus optimism, fortunately today oil is gaining back most of last weeks losses. Stuart interesting i paid 1. 84 for gasoline again on saturday in new jersey, 1. 84 in new jersey. Lauren i have not seen it that lot. Stuart im not so sure i want to see oil go straight up again because i enjoy dirt cheap gas. Thank you lauren. The university of georgia, blowout winner over the weekend, it was not the score that made the headline, some people have a problem with the number of fans in the stands, one of them tiki barber weighs in and he is coming up shortly. The governor of florida says, this is fascinating, closing the schools in the spring was a big mistake, should we keep kids in class, with a second wave of the virus, we will get into that, first the New York Times says the pandemic depression is over and the pandemic recession has just begun, we will see what art laugher has to say about that. He is on the show next. I didnt realize how special it would be for me to discover all of these things that i found through ancestry. I discovered my great aunt ruth signed up as a nursing cadet for world war ii. You see this scannedin, handwritten document. The most striking detail is her age. She was only 17. 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His latest encyclical letter contains all kinds of antitrust messages, he talks of empty individualism which he calls an impoverished and repetitive school of thought, taking a leap right out of the left playbook he railed against narrow and violent nationalism, xenophobia and contempt and even the mistreatment of those who are different, i wonder pope francis support senator feinstein criticism of judge Barrett Catholic dogma, i just thought i would bring it up. Now this a New York Times article says the pandemic depression is over and the pandemic recession has just begun. What does art laffer think about this. The pandemic recession has just begun, what is your side of the story. I dont think that makes very much sense, i looked at the article and it does not make much sense, we are really great policies in place and as soon as the lockdown is lifted and i mean totally lifted so people can go back to work, i think this is economy is going to go and catch back up to where it was before and they will return to normal, this is not a recession like the one that was caused because of bad economic, this is a recession that was caused by a virus, coronavirus and once that virus is gone and the lockdown stops, i think this economy will be back up to where it was before and theres a really low unemployment and great prosperity in total employment output, i dont understand what this person talks about at all. Stuart it seemed like they are responding to the fact that we are indeed a difficult position for the economy, and they are blaming President Trump simply because. Stuart because it is on his watch. President trump got the virus, the virus does not like him either and they are blaming him, it is ridiculous. They are locking down and thats whats causing the problem, not that they shouldnt lockdown, im not an expert. Stuart after joe biden was saying last friday, i distinctly heard him say railing against a terrible situation that our economy finds itself in, you should not have to work two jobs to put food on the table, hes blaming President Trump when its the virus at fault, let me move on. Joe biden you would expect that from what you would not expect it from people who search the truth like the New York Times editorial comment, they are just straight reporters right now. Stuart that was sarcasm and you know it. No, me sarcasm. Stuart Edward Lawrence and susan li, they are both been reporting that Speaker Pelosi and Steven Mnuchin, treasury secretary are expected to talk today and lets see if they can make progress on a relief deal. I think the market is looking at this favorably, the market wants a relief deal, do you . No i do not, i do not know that the market is looking out of favorably or not, i think a relief deal will not help the economy but what amazes me about the market, this market has not told us there is a Biden Victory coming, it is not reflecting a biden presidency, once that is built with the taxes and all the policies going on i would expect the market to decline quite dramatically and it is not so maybe the market thinks that trump has a good shot. Stuart i am hearing the opposite, im hearing joe biden wins the white house and the democrats when the senate, they will embark first on a huge spending operation, not a big tech operation, if that were the case, then you have a flood of money coming from the fed and congress as well, i think that is the markets judgment on the election at the moment. If it is i think the market is incorrect in expecting a good outcome from a lot of government spending, it will not be a good outcome, if it spending the prophets will rise, that is true but the long run prosperity of the country will not be benefited by more spending, we have spent plenty, 3. 6 trillion is a lot of money, a huge amount of money and i do not see that as helping the economy at all, the taxes are really bad by the way but the spending is not good for the economy and it may be good for some profit for a while, i am just supplies of the market is as strong as it is are you . Stuart im. We were speculating with her producers over the weekend when the future market u opened up, i thought it would go down because of all the things that is going on in the polls and what have you, i was completely wrong. Thats why you and i do what we do, invest money for other people. [laughter] people have to find their niche in life and i love being an economist but i dont see the market, if biden wins i dont see the market going way up, i just dont and i think Steven Mnuchin would be a big mistake doing it to, arts, see you again soon. Your wonderful, thank you. Stuart check out mcdonalds, i think that stock is up, nearly 1. 3 , the fast food chain getting a boost from bank of america, they raised their price target that pushed it up a 25, they think mcdonalds is going to get to 250 per share, they say people are sick of cooking and leaning into drivethrough drivethroughs, i did get my bacon jalapeno cheeseburger. Lauren good for you, wendys stuart 7. 1 per burger. Lauren i am sorry, i went too far. Stuart check code cousin cocacola, making cuts to the product line including Coconut Water and other poor selling products. The stock is down only a fraction and then significant changes of cocacola. Then we have regal cinema closing their doors again, how many theaters are closing, tell me please. Lauren all 536 regal Movie Theaters in the u. S. And the uk theater and 45000 workers will be out of jobs, why. The latest james bond movie expected to be a blockbuster, that was pushed back into next year, you have a second wave of covid sweeping across Great Britain and they dont know when under the circumstances that they can reopen, the ceo of senna world is pinning the blame on the closures on your Governor Andrew Cuomo for his inflexibility in allowing Indoor Dining to open and bowling alleys to open, casinos to open but not Movie Theaters yet, number one they have to be open, number two, people have to feel comfortable going in number three you have to have something to watch, so many studios are releasing what they have straight to streaming. Stuart we may have changed her entertainment preferences over the very long term, we like to stream at home and not sit with our soft drink and are popcorn in the theater, just saying. Im not necessarily going to go back to that. Susan i cannot wait, im so distracted at home, i watch a movie at home and get distracted. Stuart you have young kids. Stuart regeneron is up 6 , is there news on regeneron. Susan it looks like regeneron interbody cocktail the antibodies used to treat President Trump actually faces a patent suit according to the california lawsuit that has been filed by a california company, they said they patented the technology and this is interesting because this is regeneron interbody cocktail that has not received full fda approval, its still in test phase and used in a specific case like President Trump but it is leading the biotech today and not being infected by something im sure people will take a note of. Stuart it is moving up 6 , a 6 gain regeneron 600 a share, coming up schumer says hes going to use every tool in the toolbox to stop Amy Coney Barretts confirmation hearing. Rick scott has something to say about that he will join us shortly. Alive look at walter reed medical center, the White House Press pool is gathered outside, if we get an update on the president s health we will bring it to you pronto. Stuart and alert coming out Kayleigh Mcenany tweeted that she tested positive for covid19 this morning, she went on to say that she is not expecting any problems, no impact on the market that i see another member of the administration tested positive, we were up 400 and were still of 366, there you have it, mike bloomberg, lebron james both rallying exfelons to register their vote in florida before todays deadline, florida senator rick scott joins us now, what do you think of this bloomberg money at work. I dont think theyre gonna change to the two candidates are, i think everybody should register to vote if you have a right too, get out and vote i dont want there to be any fraud but the election about the is a cottony, donald trump is going to win, he is ahead in florida and in florida he did a really good job with his big population because he held them accountable, the moderna room regime accountable in the obama Biden Administration passed by and thats important, for the Law Enforcement, thats a big deal and the democrats want to defend the police and donald trump is been a big supporter of the Law Enforcement and military, we have 20 military bases and a lot of military register to vote in florida even though they moved out of state because her taxes are so low, i think trumpets would have a big one important, i dont think it matters what they are doing. Stuart i want to talk about the confirmation of judge barrett and i want you to listen to what Chuck Schumer said about it in here about the court hearings. Roll tape, lets have everyone listen to this. Mitch mcconnell to go ahead with the hearing, endangers the safety, not only of senators but of staff who worked diligently on the hill and they ought to be delayed, there is no reason on gods green earth why they should be delayed and we will use every tool in the toolbox to delay and not have the votes occur. Stuart can you get a vote in the Judiciary Committee where you dont have to be present, you can take the members virtually into members of the District Committee have tested positive, can you get a full vote in the senate to confirm judge barrett because you have to be present in the Senate Chamber to cast your vote, can you get all that done despite all of these problems before november the third . First off, absolutely, Chuck Schumer is a. Politician i spoke to the chairman judiciary Lindsey Graham yesterday, he is going to continue to do what weve been doing for months and we will have a safe, Virtual Meetings and even if we go there your social distance and weve been doing this since march, i dont know what Chuck Schumer is talking about somehow it became unsafe all of a sudden with a Supreme Court justice and we will figure out leader mcconnell will figure out how we can vote safely in person the last week of october and this is a wonderful person, Amy Coney Barrett is a mom, adopted two children from haiti, raising seven kids successful law professor, judge and the court of appeals, shes a great pic and we will confirm her by the end of the month and she should be confirmed. Stuart trump is going to win florida, Amy Coney Barrett will be confirmed and try this, the governor of florida, ron desantis talking about closing the schools in the spring, he said it was a big mistake, watch this. The closure of schools is one of the biggest Public Health mistakes in modern american history, we are at the point where the people advocate school closures, they are not doing it based on data in the not doing it based on evidence, theyre doing it based on politics or emotion. Stuart mr. Senator what happens in florida if there is a second wave, would you keep the kids in class . I think we had to do everything we can to keep everybody safe. I know. Want choices and some want their children back in school but it has to be done safely and i know we have a lot of kids doing Virtual Education and we have a very good Virtual Education program and i know a lot of parents that have created pod schools who will hire a teacher, i think we need to get people as many choices as possible but we gotta do it safely, i know schools if they can have an outbreak, the gonna be very cautious and keep everybody informed and make sure kids and everybody around them and grandparents are safe. Stuart are you seeing a flood of northeastern ears, new yorkers in new jersey. You would not believe the home sales in florida, all of my friends are homebuilders, they have never sold homes like this, the amount of construction on homes, i live in naples florida, the amount the traffic in the morning is just from workers fixing up houses, there are so many people moving down here its unbelievable what is happening in florida, cuomo is helping us, the blood deal, they keep raising taxes and make it more difficult to do anything in the states and what are people doing, they are saying and ford i go to work, i dont have to pay these really good taxes, i can build a business, by the way the weather is better too. Stuart by the way. Its unbelievable right now. Stuart i am familiar with the naples market, i seem bidding wars and naples. Stuart keep going, its a spectacular real estate market. What is happened to real estate right now is never happened in naples before. I see naples for sure but the other markets, same thing, its never got up this fast. Stuart i love to hear that, all right maybe is going up so fast they cannot afford it, mr. Senator thank you for joining us, rick scott we will see you again soon. California Governor Newsom adding a new equity rule for reopening the economy in the states, what is the equity rule, what does that mean. Remember why we went into lockdown, stop the spread, been the curve, now california says counties cannot reopen until the address historic inequities and reduce the infection rate in poor, black and latino communities, take los angeles, 3000 zip codes, under the new requirement, Positivity Rate must be equal across the county meaning the dark blue areas must become light blue otherwise everyone remains closed. For the 4960 people who passed away where rated as the city has been identified, 50 are latin next. Basically stuart at this point in time, counties cannot average one against the other, everyone must be about the same otherwise other people cannot go to work even if the city is 50 miles away at a high rate. Stuart good report not sure i understand the implications, thank you very much indeed, we will see you again soon. Im going to take alive look at the walter reed medical center, the White House Press board is outside, we are expecting and looking for an update on the president help, lets see if we get it, the university of georgia under fire for the size of the crowd at the football game, what is former football pro tiki barber think about that, full stands, no masks. Metastatic Breast Cancer is relentless, but im relentless too. Because every day matters. And having more of them is possible with verzenio, the only one of its kind proven to help you live significantly longer when taken with fulvestrant, regardless of menopausal status. 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Call now and get your free infokit stuart it is still a rally, we had the announcement moments ago that press secretary Kayleigh Mcenany has tested positive this morning for the virus, she does not have any symptoms, that did not affect the market. The university of georgia under fire, the size of the crowd at the football game, you can see them in the stands, most of them were not Wearing Masks. The school says all fans were following safety guidelines but it sure does not look like it. Tiki barber is back with us former new york giants running back. I want the fans to come back because i think the game misses something without alive big crowd, but i dont want to see an outbreak, where are you coming from on this. I agree with you, what it seemed like were seen a lot of do as i say and not as i do from parents and fans, we saw smu the entire student section got kicked out for not socially distancing or Wearing Masks as well, the university of miami does not allow students because of the very concern, you have to be smart about this, i think it is a regional issue, down in the south there is a lot of states or counties that are not taking this seriously, i dont think its going to affect them as much as a house other parts of the country when obviously we know that is false, the ncaa and the universities themselves have to be diligent and penalized, not only coaches but fans that are not allowed to come in if they dont adhere to the rules. Stuart over the weekend some of my friends and i were talking and texting to each other, we were speculating on when we will get back to football, american football with a full stadium either in the nfl or college level, full stadium jampacked 100,000 fans at a college game, no masks, would you think will get back to that, i was seeing 2023, what say you. Its at least a year, 2021, its not going to happen this year which will make the super bowl very interesting in tampa bay, it will be maybe a quarter full but it will not be the same that we are used to for at least another year or a season, until there is a virus, vaccine for this virus, i do not know that you can trust its going to be safe, passes too easily from person to person, it may become a little less deadly and not any less purulent. Stuart youre the only guest on this program when whom i speak about english soccer, the only guy who knows what im talking about and we are always glad to have you on the show, i am sure you saw this, yesterday liverpool, the champions, the english champions lost 7 2 and united lost at home 6 1, we were speculating that maybe this is because there is no fans in the stands and the fans are a big deal in english soccer, so maybe the homefield advantage is removed in english soccer at the moment. Possibly, i think with liverpool there is a little bit of an excuse, allison, the goal tender was not available, he will miss six weeks or even longer, theyre looking at the transfer market, the deadline is tomorrow, i excuse liverpool, then a long season last year as we all know, manchester united, im starting to believe they are the Dallas Cowboys in Washington Football Team of the National Football league, they will spend a lot of time and energy on marketing ourselves but when we actually want transfer whether its luke shaw or harry mcguire, they will mess them up, thats what it feels like its come down to, they had a lazy midfield which did not support the bakken and as a result it got the best of them, the everton is on top, leister city is right there, the world was turned upside down and soccer. Stuart you make one mistake, it is lester city. [laughter] sorry im not english. It is true. I just want to apologize we may have lost over the last couple of days, i want to gradually use the only person who really knows what hes talking about in america when it comes to english soccer. Come back soon, help me out, thank you very much. Look at the airlines, there you go, down a bit as jobs are cut, so our routes, that is important, Grady Trimble is with us, he is at chicago ohare but there are some airports which will have no flights at all going to them, that is a big deal, what do you say. It is, not impacting big imports, its impacting much smaller airports, i want to show you the maps, these are coming from american, cutting 15 routes to and from certain airports across the country come wednesday if there is no extension to the cares act or more federal relief, these are nine of the airports in these are significant because these are airports that will have absolutely no airline serving them at all if these cuts go into effect, this is going to hit the local economies hard if they have an airport with no airlines, of course the reason for this as we show you the Airline Stocks over the last six months or so, they have been pummeled, united and american hit the hardest, those are the two that have announced their Going Forward with the furloughs, down 50 over the last several months, they have plans to furlough 32000 employees combine and now the route cutter on the way if there is no deal. Stuart that is extraordinary, thank you very much indeed, the big picture, we are still waiting to see if we get the medical update from the president , not directly from him but from his doctors, we will bring it as soon as we get it if we get it during the hours on the show, the dow is up 368 and we will be back. Are you frustrated with your weight and health . Its time for aerotrainer, a more effective total body fitness solution. announcer aerotrainers ergodynamic design and four patented air chambers create maximum muscle activation for better results in less time, all while maintaining safe, correct form. Aerotrainers unique design allows for over 20 exercises for a total body workout. Plus, you can easily transition from one exercise to the next. Want tighter abs and a stronger back to help relieve pain . Do the aerotrainer super crunch. The prestretch works your abs even harder, engaging the entire core. 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Aerotrainers unique design allows for over 20 exercises for a total body workout, all while maintaining safe, correct form. Now its your turn to lose weight, look great, and be healthy. Get off the floor and get on the aerotrainer. Go to aerotrainer. Com, thats aerotrainer. Com. Stuart look at slack the stock is still up but they have a Service Issue problem. Susan apparently it is not working as the company has said the rushing out to find a fix for a bug, messages are slow to send if they appear at all, stock has 12 and half million daily active users around the world. Stuart thank you, that was short, sharp and to the point. This Morning White House chief of staff mark meadows said the president could, he is optimistic that the president will be able to leave the hospital and head back to the white house today, that is an important statement, he actually worked in Emergency Rooms treating serious covid patients, i think i am right in saying that, what is your take on the president using a steroid, i thought steroids were used for patients were in bad shape, what is going on here. Right, i was working in the intensive care unit, the steroids and dexamethasone with the survival of 30 days with a severely infected, what we have been provided, remember he is not my patient, does not sound severely impacted at all but they want to curtail his bodys response to the infection, the use of regeneron and remdesivir shut down including the virus from his body, the dexamethasone is an additional measure, i have every confidence who is leading the treatment plan for the president at the moment in the decision and i do expect the president will be coming home very soon to the white house, remember this discharge from the white house does not mean discharge from care, i think we will see that god willing if he continues on the trajectory of yesterday. Stuart is that legit if the president is using a steroid like this. They seem to be absolutely dexamethasone can be given orally. And also in the white house he will probably be seen by physicians more than once today and he will probably finish remdesivir in the white house, all of that i think is quite feasible. And his doctors will have made that judgment, remember they will have images of his lungs, they will have about knowledge then you and i, they will look at inflammatory and he has had supercharged treatment with regeneron which is even more tailored, even more focused and potent they giving someone convalescent plasma, that is based on the basic science that is not a Research Study showing that but the way regeneron works it will have targeted that son of a gun virus in the president s body and will have focused on stopping it from even entering. I think the president is in a great position. Stuart i really like the way you express yourself, that was pretty good, that was an americanism but you have a british accent. That is right i enjoyed listening to the football that you talked about. Stuart you know what youre talking about, qanta ahmed come back and see us again soon. I would love to. Stuart the market is rallying we are up 370, that is up 1. 3 , bigger gain for the nasdaq, we will tell you more about after this. Get realtime insights in your customized view of the market. Its smarter Trading Technology for smarter trading decisions. Fidelity. Stuart well put apple on the screen for you, because, apple is the most valuable company in the world i believe at this point. It is certainly the worlds most Important Technology company. And it is up. Apple is leading this market higher. Youre up close to 2 . Up two bucks on apple. 15 is your price and the dow is up 370. Time is up for me. Neil, its yours. Neil were following growing list of those ho tested positive from the coronavirus. You heard from stu a little while ago, Kayleigh Mcenany has tested positive. She joins a growing group, ben sepien, hope hicks. And amazing those in attendance at the judge barrett event, saturday the 26th, pretty much, that is where the sort of epicenter started here. Not exclusively here but