To increased economy. There is a one month to in germany, not good for our market, same thing in france and a Record Number of new cases in america over the last seven days. Thats not good either and a time clearly running out for stimulus package before the election. We will ask larry kudlow about that. Dow industrial 900point drop yesterday, dead flat at the opening of this morning, pretty much the same story for the s p, modest rebound for the nasdaq. This is the big day for big tech, apple, amazon, google and facebook will tell us how they are doing financially. Report on this about 4 00 p. M. Eastern this afternoon. Extreme importance because these are the most important and powerful countries in the world. Their stocks have had a terrific run, but they have come off their highs and we will ask if the blue is coming off the big tech. Campaign headline, joe biden leaves his house again. Today hes off to tampa, florida and so is the president. The latest poll shows a dead heat, 48, 48 in florida which is emerging as the must win state. After he is done in tampa, the president heads to North Carolina. Joe biden goes home. By the way, 73 Million People have already cast their votes. Stay with us, please work we have a lot coming at you pick the media still not covering the exploded under biting comedy about in money scandal. Overstock. Com. Doing very well and we had their ceo and yes again larry kudlow was on the show. Varney co. Is about to begin. Stuart the almond to brothers. You have never heard of them. You have never heard of the allman brothers . Susan i have, but not this song stuart its a classic. Susan i have heard it now. Stuart moving on. Good morning, by the way. Susan good morning. Stuart five days from the election and 73 Million People have a voted, seven President Trump barnstorming across the country making two stops in arizona where he made this pitch to voters. Roll tape. Of this election is a choice between a trompe super recovery and a biden depression. You will have a depression the likes of which you have not seen before, maybe 1929. Once to raise your taxes, put regulations back on and remember this, get rid of your second amendment. Remember this. Stuart meanwhile, joe biden spoke at home in delaware, bashing the president s handling of the pandemic. Listen to this. He takes a lot of big pronouncements, makes a lot of big pronouncements, but they dont hold up. He gets his photo op and gets out leaving everyone else to suffer the consequences of his failure to make a responsible plan. Seems like he just doesnt care much about it and the longer he is in charge the more reckless he gets. Stuart the two candidates will head to florida today, both going to tampa. Joe biden will also be in Broward County florida, but the president is turning his attention to North Carolina after hes done in tampa. He will hold a rally in fayetteville. < to florida for second. Real clear politics, the average shows the candidates in a dead heat 48 48. I cant remember an election when theres been such a stark difference between the two visions and two candidates. I will discuss that in my take coming up at the top of the next hour. Lets get to money straight at it, please. Another big day for earnings with a lot already this morning. Highlights . Susan big business is recovering well. One of the top ecommerce plays in the world shop of five. This is out it helped traditional brickandmortar retailers go online and so i managed to. Stock is up nearly 700 the past two years so thats a hot stop. More people eating out at taco bell helping to lift yum brand going up in the quarter to nearly one and half billion dollars in madera one of the leading Covid Vaccine developers rallying as well while tech is taking in 1. 1 billion in government deposits for its vaccine aiming for a global launch when its ready. Mcdermott says it hopes for emergency authorization from the fda in december for its vaccine. Best quarter ever for broadband provider comcast when it comes to new internet customers adding 633,000 for its highspeed internet. Comcast also owns nbc universal, peacock and 22 million subscribers, doubling from july, but the parts are suffering because of enclosures. Stuart todays the big day with 4 00 p. M. Between four and 5 00 p. M. Eastern amazon, apple, Google Facebook report their earnings after the closing bell this afternoon. I think its other major importance to anyone with any money in the market whatsoever because huge companies. Susan represent 25 of the s p 500 so how they go is the rest of the markets. Stuart important stuff. Watch it on fox business. I want to know, do you think this terrific runup in technology over the last few years, doesnt amount to a bubble and because we have come down recently is the bubble bursting . Look, as long as covid is still in play, i think tech has more moved to run. As we reopen the economy and get a vaccine, i think you will see a in technology, but traditionally what investors look at his price to learning and all evaluation metrics, they have been thrown at the window right now and really dont matter because when you look at zoom, at 700 , we are zero, the majority of us working from home, so a lot of people would argue amazon for example after the bell, 78 profit. Thats telling me there is still room for growth as long as covid is an issue. Stuart okay. There is still room for growth and big tech. Abbe have not lost their leadership of the market for matter what happens this afternoon. Is that accurate . Until we reopen the economy and have a vaccine because theres still a lot more growth that can occur in attack are quite know you also google, facebook and twitter reported after the bell, but the focus there is on the added dollars, it can they generate ad revenue. Facebook has a thousand advertisers both carding and then you have twitter doesnt post political ad so are they generating enough ad revenue. That was revealed yesterday in congress so its really a big day, market moving event, i think. Stuart overall, just project six months away from now. We have gotten through the election and maybe over the second wave of the virus and opened up the economy a bit more, wheres the economy six months from now, heather depending on who is elected with a lot of uncertainty with the election and maybe the first time in history that we dont have a winner, a result on november 3 and i think that will weigh on the markets and as you mentioned theres a stark contrast between the policies of President Trump and the former vp joe biden and an impact of what it will have on the stock market. I think it has a tremendous impact on the market as well on Social Security payroll tax, 12. 4 above and beyond what it is now in new york and california. Stuart what worries me is a democrat in the white house, democrat running the senate and house. Thats a problem for me. Thank you for joining us lets get to the latest on the virus because we are talking about europe now, thats a big deal when it comes to this kind of thing happening here. They have protests are broken out in both germany and france as new nationwide lockdown orders were announced for germanys chancellor will call Just Announced a monthlong shutdown of all restaurants, bars, movie theaters, gyms, markets are all shutdown for months and that goes into effect monday. In france, the president ordering a second lockdown beginning tomorrow lasting till december 1. The citizens need to show documentation if they need to leave the house. All nonessential businesses closed. Travel between regions of band. Theres a lockdown for you. Doctor marc siegel with us now. Doctor, those are jacobian lockdowns they have lockdown before and now they are going to lockdown again. Is this evidence that maybe lockdowns dont work . I dont think they were, stuart, not in the way they are being tried here and i think france is a big warning to us. From march till may france economy lost 200 billion euros, gdp down 35 . What are they doing now . Some of this makes no sense. You are not allowed out of the house for more than an hour to exercise , but you can visit a nursing home for as long as you want and spread it they are. You are allowed to visit a cemetery or cat is that makes sense . All businesses are closed. The id of the stayathome orders are what worries me the most thats what shuts down everything and costs a great deal of money. least they are keeping the schools open, but what sense does it make to have the schools open, but the businesses closed . Theres no consistency or thought to it. Distancing and not attending large gatherings and wearing mask works. They dont need these lockdowns which cost money. Stuart tell me about the upcoming flu season. Looks like it will coincide with an increase in a number of pandemic cases in america. It could be confusing, flu on top of the pandemic. So far so good with that, actually. There is a rollout on flu shots. Everyone should take a flu shot including stuart varney, but we have a low numbers of the flu so far, very low death rate. I talk to the head of the deed cdc yesterday and its looking good. In australia which we look at in advance of our own flu season they literally only had 20000 cases in the entire country for the entire flu season, so its looking more like we need to focus on covid and of course keep flu in the eyes also to make sure, but covid is what we have to worry about. Stuart i have to run. Great book, by the way and we will see you again soon. Check the futures on your screen now. Down for the dow jones after a huge loss yesterday. Up slightly s p, nice gain for the nasdaq. Still ahead, larry kudlow in the 11 00 a. M. Our. A look at the upcoming gdp numbers. Cancel culture going after podcast superstar joe rogan and boycotting spot a five. We will tell you all about it with texas senator ted cruz not holding back when colin out twitters a sensor strip of the New York Post. Roll tape. Mr. Dorsey, who the hell elected you can put you in charge of what the media are allowed to report and what the American People are allowed to hear . Stuart jack dorsey also claiming twitter doesnt have the ability to influence elections. You know we will debate that. Varney co. Just getting started. Nonvalvular afib can mean a lifetime of blood thinners. And if youre troubled by falls and bleeds, worry follows you everywhere. Over 100,000 people have left blood thinners behind with watchman. Its a onetime, minimally invasive procedure that reduces stroke risk and bleeding worryfor life. Watchman. Its one time. For a lifetime. Keeping your oysters busihas 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 thats it. Im calling kohler about their walkin bath. [ sigh ] not gonna happen. My name is ken. How may i help you . Hi, im calling about kohlers walkin bath. Excellent happy to help. Huh . Hold one moment please. [ finger snaps ] hmm. The kohler walkin bath features an extrawide opening and a low stepin at three inches, which is 25 to 60 lower than some leading competitors. The bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. Kohler is an expert in bathing, so you can count on a deep soaking experience. Are you seeing this . The kohler walkin bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassage. Everything is installed in as little as a day by a kohlercertified installer. And its made by kohler americas leading plumbing brand. We need this bath. Yes. Yes you do. A kohler walkin bath provides independence with peace of mind. Ask about saving up to 1,500 on your installation. Virtual appointments now available. Stuart how about the gdp number , thirdquarter growth 33. 1 on an annualized basis, but we are told that the big banks have been cutting their fourthquarter forecasts. Is that likely to record recovery, but the last three months of the year will be slower and may be tougher especially with record covid cases, no new stimulus so the average economists calling for a more attempted growth rate. Goldman cutting its q4 by half, Morgan Stanley even more severely. Morgan stanley originally thought it would grow about 10 and now they only forecast three and a half percent pure could do you know why . Stuart reemergence of covid . Susan lack of stimulus which has been very disappointing for the entire economy in the forecast because they say its the economic recovery may stall if you dont get new stimulus many more bankruptcies on the horizon. Lets get going, dc. Help people. Stuart im sure nancy pelosi is watching right now. Anthony chan is with us, the former chase chief economist, 33. 1 annualized growth in the Third Quarter. How would you characterize that number its a fantastic number, stuart. What i see with this real gdp numbers is two stories, in the Second Quarter you can see what happens when you close the economy. Thats why he contraction in the Second Quarter in the Third Quarter you see what happens when you open the economy and thats why you have fantastic numbers which basically came in stronger than expected. Now the question is, whats going to happen in the Fourth Quarter. It will be determined by something susan just said. Are we going to stimulate the economy and offer more stimulus or are we going to get 11 Million People that still arent working in terms of lower non payroll relative will to where we were before the pandemic hit. Stuart if we did get some stimulus an announcement of some sort after the election, if we got that and we got some opening up of the economy, how are we doing fourthquarter this year economically, what kind of growth rate . We would do great, stuart. If we get an announcement immediately after the election we start getting dollars into the pockets of the American People and we can certainly send the Fourth Quarter with grote in excess of a 5 in the Fourth Quarter. Remember we can continue to grow at 30 plus every single calendar quarter because right now the savings rate is still high and if consumers know money is coming, they will start to push their savings rate more. They did it in the Third Quarter and they will do it in the fourth, but they wont to do it if they dont think more money is coming. Stuart if we get back more money in the stimulus and open up a little bit, could we get our economy in november and december of this year in the same position as we were in november and december last year . In other words have we restored our recovery by the end of this year . Thats a little bit more challenging. I think it will take a couple more quarters. Remember, when i look at the number of people unemployed, payroll is still 11 million lower than before the pandemic. Thats not going to turn on a dime. Making great progress. Remember, this was a terrible thing that happened to us and we can debate why it happened, but it was terrible so it will take some time. If we see that strong stimulus by the end of 2021, we can start to look at the economy and say we are very close to or at where we were before the pandemic hit and that would be a big accomplishment. No one says we have to turn the light switch on and off instantly, but as long as we gradually turn it on we can call it making progress. Thank you. We will see you again, anthony. Stuart interesting announcement from United Airlines as they plan to offer free covid test two passengers on flights to london. Susan some flights from newport to london. This is a trial run from november 16, to december 11. Its only on departure dates on monday, wednesday and friday. Those that dont want to be tested will be moved to other flights although i dont know why you wouldnt want to be tested its to encourage more travel because people can possibly avoid quarantine if you land on the other side. We dont know if london will accept the tests as a way to get out of the quarantine but i think they have learned a lesson from San Francisco to hawaii where it means they dont have to quarantine. Stuart and increased bookings to hawaii. Thank you. A look at futures because we are going kind of sideways certainly for the dow jones as they are lost yesterday, down about eight this morning. Nasdaq up two thirds of 1 . We will take you to wall street after this. Look limu someone out there needs help customizing their Car Insurance with liberty mutual, so they only pay for what they need. False alarm. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Stuart money, look at this. Market watcher is with us. You are saying you expect good results from big tech and that will help the market bounce back tomorrow and early next week . Is that what you are saying . Exactly. I think we have been focusing on coronavirus and rightly so with a big surge in europe and in the us, but i think there is one factor helping out, hospitalizations while going up mortality is much lower than they were in the july surge so we have more moderate effect so i think coronavirus will give way to really good big tech earnings that we will hear this afternoon stuart and if they are not really good tech earnings this afternoon all hell breaks loose, doesnt it . Well, that could be the case, stuart. I dont see too many cases among those four corners where we will get back. I think actual apple will show good Service Numbers and amazon will be strong again. Facebook will continue and google has anti trust behind them so i think we are set up for good afternoon. Stuart yes, but only if you actually look at the results. Ignore the reporters who say facebook missed, they will just missed the story. I see that coming and i can see the algorithms kicking in a move in the stock price just because they dont meet expectations. Are you ready for that . Yeah, i believe that can happen and you and i talk all the time about this silly game of expectations and moving things during the quarter, but bottom line with these companies. Three of the four excluding apple are most likely going to tell us they have doubledigit yearoveryear revenue gains and thats why theres a mega tech tip thats why they ar