If it went ahead virtually, the nature of the interaction would change and interrupting would be much more difficult but the president says hes not going to do a virtual debate. Thats where it stands right now. At last nights debate orderly fashion and Kamala Harris failed to answer on key issues, she deflect order laughed it all off. Her silence revealed on what the biden team will do if elected. President trump goes all in on regenerons antivirus treatment. The president called it a miracle. Of course, hes been criticized for his use of an unapproved treatment. The stock, though, up big time, 3. 6 , 21 higher. Now look at the overall market after wednesdays very, very big rally. 840,000 jobless claims last week. Not having that much impact on the market this morning. We see the dow going up another 180. S p up 21 and look at that the nasdaq going again up 101 points. Possibility, they are still talking about some form of stimulus. Thats a positive. Looks like a still stalemate but they are still talking. The main point is, stocks have momentum and that is a big plus. Thursday october 8th, 26 days until the election, Varney Company is about to begin. If the Trump Administration approves a vaccine before the election, should americans take it or you should take it . If the Public Health officials, if dr. Fauci, if the doctors tell us, but if Donald Trump Tells us we should take it, im not taking it. Joe biden would not raise taxes on anyone that makes less than 400,000 a year. Joe biden will not end franks, hes been very clear about that. You just heard senator harris tell you, on days, joe biden is going to raise your taxes and abolish fossil fuel and ban fracking. You want to talk about packing a court, lets have the discussion. I want to record to reflect she never answered the question. Stuart do you like the debate . Okay. There you have it. The first and only Vice President ial debate, of course, we will get more into that in just a moment. Ive got to get back to real breaking news of the day, the hour, President Trump telling maria just moments ago that he will not take part in a virtual debate. Listen to it, go. No, im not going to waste my time in a virtual debate. Thats not what debate asking all about. You sit behind a computer and do debates, its ridiculous, and they cut you off whenever they want. [laughter] stuart okay, not going the waste his time in virtual debate. Look who is here wall street journal guy james freeman. James, if theres no second debate, that means no Second Chance for the president to catch up after his first performance. It seems like a negative for the president to me, what do you say . James certainly with a candidate who is down in most polls, you would think he would want more shots to expose the weaknesses of his component, but he may feel that a format thats not a live debate is not going to allow him to do that. Stuart well, do you think this favors either side . I mean, no debates or a virtual debate . I mean, who does this favor . I dont get it. James well, its possible that he thought Vice President mike pence scored a big win last night and theyve regained the momentum. I think hes had some positive messages this week about living our lives and reopening and hes obviously decided thats the theme of his reelection right now, that hes for reopening and revival and joe biden is the shutdown candidate and he may think that although the polls are tough right now, ultimately americans will choose reopening and revival. Stuart all right, lets get back to last night. Kamala harris in my opinion dodged many of the questions but the Mainstream Media went right after Vice President pence instead. Just watch this for a minute. Roll it. It was really stunning to see the way mike pence pivoted almost at every question. He who commands the fly has been seen historically as mark of the devil. Tonight he made my skin crawl. The constant interruptions, the man explaining. When i hear people say talk about man explaining and talk about things with Kamala Harris and a man shouldnt interrupt her and its going to look bad, Kamala Harris is a Vice President ial candidate. She should be able to stand up for herself. Stuart did you catch that, james . The fly is the mark of the devil. I think thats going a little far myself but i guess we knew the media would declare mike pence the loser and Kamala Harris the winner. No surprises, james. James no, i think they may be annoyed that mr. Pence really focused on the biden agenda which has not gotten that much coverage in this election season and specifically on the costs it could impose not just people in the Energy Industry although he did highlight a lot of those issues with the Green New Deal or the biden flavor of it, but for the economy, generally, clearly when you have a 4 trilliondollar tax increase on an economy thats just recovering now, thats going to have a big cost and i think he was right to call out mr. Biden saying, reminding him that if youre saying youre repealing the trump tax cuts, youre saying youre for across board tax increases up and down the income ladder. Biden and harris are saying, no, they will only raise taxes on businesses and rich people, but if you repeal the trump tax cuts, that means people up and down the income ladder are getting tax hikes. Stuart yeah, i want you to deal with this real quick, james. I hear a lot of people on wall street favoring a biden win. But, you know, if he won you could still have Elizabeth Warren as the treasury secretary. What do you think warren as treasury secretary . James i think its interesting why we havent seen the Market Pricing downward with mr. Biden leading in the polls lately. I think part of it, it goes back to money creation, 3 trillion or so by the fed. Im not sure youre getting a pure signal right now but as you suggest, theres also a sense that that hes not really a change agent that the change in tax regulatory policy may not be as dramatic as he is suggesting it would be but i dont think thats a good bet for investors who want to make an assumption that he doesnt really mean it in terms of the tax hike plan or the regulation plan on energy sources. I i really question that judgment. I think there was an argument that, well, he wont be adding as many costs on trade, but if you look at his agenda, its its an expensive trade agenda as well. So i i dont honestly i dont understand that but i do appreciate that a lot of people hold that view on wall street. Stuart okay, i hear you. James, thank you very much for joining us. I will move on and have a look at regeneron. The stock price is going straight up this morning. Up 2. 8 right now. Lauren, explain why regeneron is going up so much . Lauren the president said it was a, quote, blessing from god that he caught coronavirus, stuart, because he was immediately given regeneron antibody drugs cocktail while in the hospital and made him feel good as new and he shared that with Maria Bartiromo moments ago, listen. I had regeneron, i dont know what would happen without regeneron, all i know i had it and i was better within 24 hours, i felt perfect. I feel perfect now otherwise i wouldnt be able to speak to you. Lauren he also said that eli lily therapeutic given to those with mild symptoms, thats important, because doctors can administer to stop or even prevent symptoms. Lily has requested emergencys authorization for that drug and the president hopes they get it soon. He wants both drugs available for everyone for free, making the point that they are actually more important than a vaccine. I want to show you the stocks reaction to all this. Tremendous week for both of the stocks. Eli lili is up 2 . Its up about 5 on the week, regeneron is up almost 10 this week, stuart. Stuart quite a vote of confidence and endorsement from the president so regeneron and lily, im not surprised are up this morning. Lauren, thanks very much, indeed. We have the latest on the stimulus talks. Im not sure whether theyre going anywhere. Susan we heard President Trump mentioning this with maria just now, take a listen. Well, i shut down talks 2 days because they werent working out and now they are starting to work out and we are having productive talks, we are talking about airlines and a bigger deal with airlines. Susus help for Small Businesses, another round of 1200 stimulus checks. We know there were 2 conversations between House Speaker nancy pelosi and treasury secretary Steve Mnuchin yesterday. 25 billion on both sides. The markets are waiving it. Did you see the jobless claims that we got . Its positive because its down 9,000 from the previous week. We are looking at the weekly jobless claim. Improving economy. Stuart we are up 170 for the dow. Please, remember, we were up 500 yesterday. There was a big gain for the nasdaq and up again this morning on the nasdaq. About 100 at the opening bell. Now, when it came to the issue of packing, Kamala Harris seemed to have selective memory about what joe biden really wants to do about fracking. Joe biden will not end fracking. No, we would work it out, we would make sure its eliminated and no more subsidies. I guaranty you, i guaranty you, we are going to end fossil fuel. Stuart okay, which answer do we go with here. This is important because we are talking about americas dominance in energy and our independence in energy, people need some clarity on this, we are trying to give it too. We just showed you President Trumps regeneron treatment of cure, he looked good in the video and he sounded strong and energetic this morning with maria on the phone but do we need to see him address the nation in a live event putting him in front of a live camera, we are going to do that, we will ask the campaign about it next. And invented new ways to get by. Others were busier than ever, and found strength they never knew they had. We sheltered with the people who matter most, sometimes finding how far apart wed drifted. We worried over loved ones, over money, over our planet. And over takeout. And we found a voice one the noise out there had kept quiet. When the world starts spinning again, lets remember this time where none of us felt secure, and fight for a future where everyone can. Because when the world seems like its standing still. Thats the perfect time for us to change it. But when i started seeing things, i didnt know what was happening. So i kept it in. He started believing things that werent true. I knew something was wrong. But i didnt say a word. During the course of their disease around 50 of people with parkinsons may experience hallucinations or delusions. But now, doctors are prescribing nuplazid. The only fda approved medicine. Proven to significantly reduce hallucinations and delusions related to parkinsons. Dont take nuplazid if you are allergic to its ingredients. Nuplazid can increase the risk of death in elderly people with dementiarelated psychosis and is not for treating symptoms unrelated to parkinsons disease. Nuplazid can cause changes in heart rhythm and should not be taken if you have certain abnormal heart rhythms or take other drugs that are known to cause changes in heart rhythm. Tell your doctor about any changes in medicines youre taking. The most common side effects are swelling of the arms and legs and confusion. We spoke up and it made all the difference. Ask your parkinsons specialist about nuplazid. Stuart it is now october 8th, the october is historically very volatile month for the stock market. So susan, what do we look forward to in october . Susan going back to 1928 according to Deutsche Bank you can see a lot of ups and you can see a lot of downs, volatility tends to be the highest in october only settling down in the final 2 months of the year this is because president ial cycles, of course, and elections taking place in november every 4 years, that excuse october and makes a month where the pattern really should have peaked when it comes to investor nervousnesses, the fear gage is what we call, and usually highest in the year in october according to macro risks over the past 50 years or so and october has also seen some of the biggest stock market declines in history. Black monday in 1987, black tuesday in 1929, october is usually a month where Mutual Fund Managers want to lock in the gains with the businesses and then close the books to make their yearend look a lot better. Also by the way the month that you rotate after your strategy meetings in september coming back from the summer holidays, so october is a tricky month. Stuart of course, you have the election in less than 4 weeks time, that makes volatility, all right. Ly repeat this. Breaking news, President Trump literally moments ago with maria saying he will not participate in a virtual second debate. Erin perrin, trump 2020 director of press communications. Erin, i understand hes not going to do the virtual debate, is he going to hold a rally instead . Yes, the campaign has put out a statement saying that the president does intend to do a rally instead of doing a virtual debate. Listen, the president ial Debate Commission is clearly bias and full of nevertrumpers and in order to try to distract from Kamala Harris abysmal performance last night and the Vice President s absolute dominance on that debate stage, they are trying to put the finger on the scale for joe biden and, listen, the president is not interested in doing the virtual debate. He would rather speak to the American People directly without the super biased Debate Commission getting in the way. Stuart does this blow out the second debate, not going to do, not going to have it . As of right now the president has been very clear hes not interested in doing a virtual debate and instead he will hold a rally. Okay, i want to refer to the president s condition. I use that word, i think he looked good and vital in the video released about regeneron and this morning with maria he had loads of energy and on his game but i think voters would like to see him. They want to make their own judgment as to how well hes recovering. Do you have any plans to put him in front of a live camera today . I certainly dont have any news to break for you on that, stuart, what i can tell you this is the most accessible president. He talks to the American People multiple times every day in a bunch of different ways and what that looks like for the president , i will leave that up to him on how he does and as dr. Conely said hes back, we are excited to see the president doing so well out there talking to the American People and we know that any time he stands up and talks directly to the American People, the media absolutely loses their mind. So when the president does so, we know that itll make big news but we know the campaign is out there with operation maga, the Vice President will be out there today in arizona and nevada, eric trump in north carolina, don, jr. In florida. We are out there carrying the maga mantle for the president while he recovers. Stuart all right, how will you deal with the latest fox news poll because it shows that bidens lead is growing over the president , look at it there. A 10point lead as of right now. Ive asked the Campaign Many times, what are you going to do about these polls . And i always get the same response, well, our internal polls a different picture. Tell me, how are you going to deal with these polls which are moving against you 4 weeks till the election . If polling was any actual indicator of what was happening youd have president Hillary Clinton and not President Donald Trump but we know polling is notoriously wrong. Listen, the media covers the president 95 with negative coverage so its our job with the president , with the Vice President , with the army for trump to stand up and get the facts out there. Listen, the economy is one of the top issues and we know nobody has built a hotter economy than President Trump, you heard last night that Kamala Harris said on days they would get rid of the trump tax cuts. That means taxes will be raised for middleclass families, that means goodbye opportunity zones, goodbye child tax credits. Thats economic devastation. Stuart in the Campaign Battleground states, do your internal polls show the race narrowing or getting more in joe bidens favor . Our internal polling is say ing what we have known the whole time, we are tied or ahead in battleground polls. We know that this is going to be a tight race. Weve always under that and thats why we have a Grassroots Army thats out there. Its joe biden who is worried about the get out the vote effort and thats why the science must have changed for him because they are out there knocking doors when we have been making over 100 million and they will make a huge difference when it comes to results on election. Stuart im sure youre busy the day after the Vice President ial debate. Erin perrin, appreciate it. Thanks, stuart. Stuart yes, this is a thursday morning, 7 minutes to go till the opening bell. Youre seeing a lot of green, dow, s p and nasdaq on the upside. Back after this. 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