Its on fire again. 3. 8 gain yesterday can something similar, up to and half percent again today. Why the big rally . Leader mcconnell says there will be a stimulus package probably this year and that helps. Divided government means no big tax hikes or green new deal, that helps. The fed will most certainly keep printing, so check your 4o1k and a smile. Lets deal with the election, the president ial winner still in doubt. It will come down to four battleground states, pennsylvania, North Carolina, georgia, nevada. Its close in all four states in the trunk team will go to court to make sure only valid votes votes are counted and we expect an update on the count in nevada. That state may be called today. Watch las vegas, 11 30 a. M. , but from campaign may be filing a legal challenge there also. This is the place to be if you follow money on politics. Varney co. Is about to begin. Stuart i wanted something more upbeat and lively with the market rally to die for. We will try next hour. The path with a hinges on four battleground states. A joe biden and President Trump are both looking for the magic 270 number, the Electoral College vote. We could see a winner in nevada today and here is where that race currently stands if biden wins the state it would give him the magic number 270 needed for the presidency, but the Trump Campaign insists arizona is still in play of votes are still being counted in the state and foxnews has called the race for biden. We have a big show a head. Madison, republican, youngest member of congress had more than 100 years and the outspoken trump guy, Corey Lewandowski. Lets get to money. Lets see how the markets are reacting and bring in dr barton. I think you are saying that this divided government is the main driver of the market at the moment. Is it . You got it, stuart. There are two great reasons and you touched on both of them earlier. One of them, number one taxes. With a red controlled the senate, thats going to allow us to not see those big Corporate Tax hikes that the blue team wanted to impose. The markets love that the big magnetek benefits the most and thats why they are taking off so much in combination with reason number two which is the reduced headwind of anti trust action. With a red controlled senate its going to be more difficult to have a onerous, a very heavy antitrust action taken against those Big Companies and i think there will still be something happening from the Justice Department. It just wont be as strong and i think the markets are showing that stuart im going to put the big tackle winners on the screen again. This is premarket today all of them showing a gain of at least 2 , thats a phenomenal gain for copies of that size. You can see them on the screen, apple, amazon, facebook, alphabet, microsoft. Which of these would you be a buyer of today . My two favorite, stuart, or microsoft number one because they have their antitrust issues already behind them. They dealt with that decades ago and they are not even considered by the Justice Department rang out. Plus, there growing gangbusters. Revenues and their gaming revenues from the xbox up 30 yearoveryear, cloud up 48 . Love the microsoft Going Forward. Google, we hardly know the Justice Department case against google in a 500 plus page document plus they are growing 10 glowing their Cloud Business 30 , so those are my two favorite out of the five. Stuart you have been on the show for many years and you consistently have said big tech will be the winner and it has consistently. Thank you for your service to varney co. For the last five years. We will see you again soon. Its not just big tech thats creating some serious winners. There are others out there and a susan has a list. Susan we have lots of earnings. Chips are in the vast majority of the world of smartphones and we saw better earnings of the forecast, half a billion 5g smartphones to be sold next year. The apple iphone is also polish for apple sales. Amazon, allie baba, the Biggest Company saw the earnings fall 60 from a year ago. Online travel company expedia reporting a smaller loss than anticipated. Demand seems to be picking up slightly for travel and tender owner, reporting a stronger quarter based on more people paying with more than 6. 6 million subscribers and regeneron, that medicine President Trump credited with curing him likely to get fda approval. Stuart so thats a Matchmaking Company . Susan yeah, Something Like that a dating app for you swipe swipe left. Stuart are you about to tell me for elderly people . Susan i dont think theres a demographics. I think everyone using it. Stuart lets move on. Senate majority leader mitch, promising a stimulus bill by the end of the year. Watch this. As i have said repeatedly, in the last few months, we need another rescue package. The senate goes back in session next monday. Hopefully, the partisan passion that prevented us from doing another rescue package will subside with the election, and i think we need to do it and i think we need to do it before the end of the year. Stuart brian brandenberg is with us, this thursday morning. Do you think mcconnell can get it done and how big do you think its going to be . Stuart, the name of the game here is leverage. Mcconnell has more leverage now than he did a few days ago because this was such an embarrassing election for nancy pelosi and Chuck Schumer so the answer is yes, i think we will get stimulus now on mcconnell has been talking about it for months and has he said hes been willing to do it, but he wanted to do it in a sane way which means not blowing the budget and spending money where we need it, not simply wear blue states wanted because their budgets are messed up. I think we will get a stimulus and i dont think Speaker Pelosi has a choice now about whether to go along with something smaller. For moderates will rebel they didnt like what happened in this election and they can see the future coming up for the next one and they dont want to be the one standing in the way so i think we will get a package that will be smaller than what pelosi was asking for, probably the 1 trillion to one and a half trillion range by the end of the year. Stuart do you think it will make a difference to the performance of the economy . Lets suppose its a trillion dollars injected into the economy fairly quickly, a trillion chucked in, what difference does that make to the rate of growth in the economy . Ive always been a skeptic of the stimulus. There are shortterm benefits especially when you are in a situation of lockdowns, but its not the thing that will rescue the us economy. Its not that thing that will guarantee recovery. The guarantee of recovery comes with opening up. It comes with getting a vaccine that helps people to be comfortable in the economy again so the problem we have had is we have leaned on stimulus too much. We have leaned on the fed too much and its caused us to be slow when it comes to being smart about reopening. I dont want to see that again and i dont think mcconnell will allow this. He sees it as temporary and not the rescue for the economy. Stuart thats another plus. I dont hear much talk of lockdowns now that we have passed of the election. It was to some degree politicized. Thats another plus for the economy. Last word to you. After the election i hope a lot of things become less political and we can be smart again and we arent thinking about where it will land us in the win loss, and the senate or the house. The committee about workers, families and wages and things that should have been in the forefront. I think the biting government can help with that, actually. Stuart thank you for your Great Service to this program all these years. See you again soon. You got to look at futures again. You will likely see. This is the election week rally to die for. Up a 300 again on the dow jones and the nasdaq two and a quarter percent, big deal. The gap apologizing for this tweet showing a red and blue hoodie calling to move forward together. Let me ask this why do you have to apologize when you are calling for unity . We have the story. Protest at the polling stations in arizona, a state President Trump believes he is still in play. Mc mulvaney thinks that way too, arizona still in play they say. They will tell us why after this 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. 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Lauren bill simon says his policies will slow economic recovery. He points out tax increases and if rates go back up at the individual and corporate level, but also taxing in Capitol Gains as ordinary income if the senate has President Biden. Hes also worried about the regulatory changes that could come and they would be pushed if joe biden picks a cabinet that leans progressive so we are talking about banking and environmental changes. There will be more stringent rules and onerous for businesses. Stuart we have a warning about his potential administration before he has even won the race. Why not. Thank you. Look what we have from the president , moments ago he tweeted stop the account. All caps models. Meanwhile a furious legal battle coming up. Heres a protest outside a polling station in arizona. Of those protesters think the race was called it too early. The president trails slightly in that state, but there are still 400,000 ballots to be counted. Fox news decision desk call the race for joe biden in arizona. Come on in acting white house chief of staff. Mick mulvaney is back with us. Do you think that the president has a path to win in arizona . I do and i think the president should be expected to win based simply upon the massive. One of the mistakes a lot of folks are making including with respect to your network is they do not understand what the votes exist in arizona. The mail in ballots, yes mark largely from Maricopa County and for that reason a lot of people say its a biden leaning, but thats not how arizonas county. There counting on last in last out basis. The ballots yet uncounted are the ones delivered including walking on election day and those are heavily republican votes and thats why you see the president close the gap in the last 24 hours. He has close that gap by 25000 votes and pulling between 55 and 65 of these ballots and if that holds, and it should, he will catch and pass a joe biden in arizona by the time the last 400,000 votes are counted. Stuart if arizona did go for mr. Trump, that would rearrange the Electoral College map and rearrange both the president and joe bidens path to the 270 required with a radical transformation because i understand arizona has 11 Electoral College votes. Its a 22 vote swing and then brings all attention on pennsylvania and raises the very unique possibility of a tight if nevada goes the president s way in pennsylvania goes the president s way, but for some reason he were to lose georgia and thats a 269 tie so i dont think arizona is getting the attention it deserves because it is really swinging. If he cannot win arizona he wins the race. If he wins arizona things change dramatically. Stuart it so, arizona is of paramount importance. We are told i believe 11 30 a. M. Eastern the trump team will make an announcement in nevada, maybe this could be another lawsuit challenging the photo nevada. What do you make of this . There will be lawsuits just about every place because of the nature of the election. The laws changes state to state, sometimes county to county. About nevada, four years ago donald trump lost by 27000 votes and i think the margin now is a third of that, maybe 8000 votes so its extraordinarily tight. Would not surprise me to see lawsuits they are to make sure the count goes correctly. Stuart a lot of people are saying or i see a lot of pundits and commentators suggesting biden has got it. You dont think so do you . No. At this point the campaigning is over. They are trying to persuade people to go, but its over and now its about counting accounting legally. We made the case for arizona and we know how tight nevada is in pennsylvania the president is up and while there are a lot of folks like to be counted around philadelphia theres also a lot of ballots in trumps part of the state with various analysis that biden has to get almost 90 of those votes to overtake the president into the vein of what i think you see out of the white house and by the way you should see out of both campaigns is lets legally count the votes to make sure no one finds a box of ballots under a rock someplace and make sure ballots are counted correctly. The reason pennsylvania is so difficult as there may not be results for litigation as they did strange things there in the runup to the election choosing not to count early like in florida and instead said if a ballot comes in and has a signature in the signature doesnt match the registration we will still count the vote. Thats the thing that invites lawsuits and dragging the decision out. Stuart count only ballot the votes and the president has a good shot. Mick mulvaney, thank you, sir. Now lets get back to money and i will show you big tech sometimes i can hardly believe whats going on with big tech. All of them way up. What are they so happy about . Susan makes you very happy. Less regulation, no breakup and difficult hiking Corporate Tax with a split congress and thats why we have a huge rally in tech stock these are the single best day in history after any election for the nasdaq. Gridlock is good for big tech and they have a safety play with guaranteed growth in greer and shed profit. Apple is uptodate despite the fact with bloomberg report saying its running short of chips for its new iphone. Amazon is is shipping off the fact that jeff bezos sold 3 billion in amazon stock last week. Stuart do you know i am so happy to see big tech go up . Its not just that i have some, but a hundred million americans are invested so for a one case, ira, apple is one of the most widely held stock. Susan and amazon and microsoft. There should be a lot of stimulus still any a trillion dollars is nothing to stop the and also a fed meeting later today which could be accommodated with low Interest Rates. Stuart dow jones up another one and a quarter . Futures again, let me remind you its election week in a big rally. All the indicators are sharply higher especially the nasdaq which is looking at 12000. Thats it. I will show you more after this. We are having a good time. Trelegy for copd. Birds flyin high, you know how i feel. Breeze drifting on by you know how i feel. Its a new dawn. If youve been taking copd sitting down, its time to make a stand. Start a new day with trelegy. No oncedaily copd medicine has the power to treat copd in as many ways as trelegy. 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