Of the covid tunnel. Two down, two to come, Johnson Johnson and astrazeneca. Thats the main reason for the big monday morning rally with the dow jones up about 450 points. Tao, 30000. If we gain 500 points the dow jones is at 30k, again in a one half percent. Smaller game for the s p and nasdaq slightly lower. That is the market. Love the rally. Hate this of violence. Trump supporters attacked in washington dc last night with tens of thousands rallying peacefully, but after nightfall violence. A limited Police Presence and virtually no mention about this in the Mainstream Media and so far no statement from the biden harris camp. Bernie sanders now says he has not met anyone who wants to defund the police. Has he talked to aoc . Editorial, the company ministration deserves credit for the Rapid Development of the vaccines. Republican states like florida deserve credit for opening their economies to get the country moving forward and democrat governors in new york and california and elsewhere deserve criticism for their insistence on delaying Vaccine Distribution in their state. Today that Biden Harris Team speak about the economy. Some reporters will be present. Lets hear some real questions about lockdowns, physical violence and defunding the police, please. Varney co. Is about to begin. Four, three, two, one , zero, ignition, lift off. And resilience lysis, not even gravity can change humanity was we explore one for all. Stuart again, excellent choice of music on this monday morning with a rally going on and not even granite gravity 50 can restrain humanity. As nasa makes that historic launch, space falcon 9 rocket lifted off 7 27 p. M. Eastern last night from the Kennedy Space center. It will reach the International Space center around 11 00 p. M. Tomorrow eastern time. On the rocket nasa should not mike hollis hawking, victor, sharing walker. The sixmonth mission is the first crew rotation flight on the Us Commercial spacecraft, thats the news. Amazing. Great news. Moderna says its Covid Vaccine is 94. 5 effective in the phase three study. Give me more, lauren. Lauren and thats more effective than pfizer which we found out about one week ago today. The difference is moderna does not need to be stored in as cold temperatures, just needs a regular freezer. It can stay at Room Temperature for 12 hours and they dont need to be diluted at the injection site. That means with doctors and nurses and pharmacies administering them, hundreds of millions of them, it will be easier to do. Moderna expects to get the green light from the fda next line and said this year it can produce 20 million doses. Stock up 13 . Stuart thank you. Here is doctor marc siegel with us now. We had to vaccines in the pipeline with over 90 efficiency. Can we now clearly see the other side of the virus . We can certainly see the beginning in a very positive way, stuarts. As a lauren said we may seek 20 million doses of pfizer and 20 million doses of the Moderna Vaccine before the end of the year. Health and Human Services set up an arrangement where pharmacy chains can distribute a vaccine. The vaccine they would distribute though, would be the Moderna Vaccine rather than pfizer because the pfizer one has to be kept at 80 degrees below zero centigrade and moderna can be tested freezers. The key thing Going Forward is to see if moderna can get the emergency use authorization to include that point i just made to be distributed so it can stay in freezers, not quite as cold and that makes it more usable in a smaller areas, pharmacies and doctors offices. Pfizer will go to big hospitals and other areas where they can keep it on dry ice or liquid nitrogen. Taken together its the beginning of solving the problem, hugely good news. The actual mrna itself only stays in the system for a short amount of time so even if you have side effects from the vaccine like flulike symptoms, goes away within 24 hours. I will convince you to take it. Stuart i shall take it and be pleased to take it and i think its terrific news all around. Thank you. Thank you. Stuart lets get to money. Look at that on the lefthand side of the screen, thats a rally. Keith, no doubt in my mind this is a vaccine rally your car you with me on this . Absolutely. The trade has shifted from a stayathome to get out and now its a stay out to what will enable us to live our lives again. Money knows that. Stuart 30000 on the dow jones baby today or tomorrow and from there upwards still going up from there . I think so. I think it will go radically higher because theres a lot of stuff in our economy that has not yet been measured. Hope cannot be quantified and people will go bananas when they can live their lives again and markets will reflect that. Stuart is it really that good, keith . I mean, i dont want to undersell the story, but we are talking about the end of the pandemic. We have it under control, thinks fine and dandy, isnt that good . Stuber, you always have to take things with a grain of salt, but im an optimist, you are an optimist. Do i want to believe and hope or do i want to hunker down with a sign that says kick me when its over. I want to live my life so i think the markets will reflect back. I think the world wants to be unlocked and unleashed it back to normal so i think the markets will rocket even higher as news breaks. Stuart what do you mean by rocket even higher . We are right close to 30000, where do we go from there . Its hard to put a number on it but if you look at moderna, if you look at j j, pfizer, video or palantir, new tech stocks, you have a situation where you can go mind gold or sell to the people who will dig for it. I would rather shell cell picks and shovels because those are musthave items and last time our checked our world needs technology, medicine, energy to make it go around the. Stuart great ways to start a monday morning. Keith, thank you for joining us. Next, nvidia, a great company. Always a big tech stock that has done well and now, susan, the avenue price. Susan 210 on the stock in the future. They say it will trade higher and we know its now the Worlds Largest chip maker, had an awful week last week, but again this is about profit taking from the winners during the locked down and they are still bullish on this stock. More than doubled so far this year. Definitely a winner. Longerterm analyst sake you have to pay up for future sales and its doing well in providing chips for future businesses like cloud, gaming, Artificial Intelligence representing the nearly 90 of its business which means theres a long way to go. Stuart we should put it on the list of big tech stocks along with amazon, alphabet and the rest because they are that big. Susan 300 billion and counting the Worlds Largest overtaking intel. Stuart put them on the list. Now, we have some Companies Reported already this monday morning, i think you have three big names for us. Susan big movers took mattress maker moving more money than anticipated. Covid hurting sales by disrupting supply chain and delaying deliveries of mattresses so the stock is down. Cyber Security Company apollo alto a winner making more money a forecast with sales coming in stronger and demand is so strong they will make more money for these higher your than anticipated. Covid means more people are going online whether shopping are working from home and Cyber Security needs has a spiked as well. After a recordsetting low, a name to recognized jd. Com. Number two sales player in china reported stronger online orders with last week one of the single largest shopping events on the planet and jd got more than 30 billion spent on their website, more than three times amazon prime day. A lot of people have bought into this stock because of covid. Stuart you got it. Profittaking, got it. Now this is a big week coming up for the retailers. Who kicks off the retailers . Susan walmart. You can see the big logo there are two biggest and largest retailer in america than in fitting from the shift to online and alamos analysts say they may have more than 19 million customers signed up on walmart plus. Thats their amp circuit thats their answer to amazon prime. Home depot has seen a big business of boom. Also lows, target wednesday and macys to finish off the week. The consumer i would say has been resilient this year during covid despite high unemployment. Less travel, less going out to eat meaning more money to spend on household items. Higher Unemployment Benefits helping as well , but i love to say a record in on the market 30000, for the dow jones. Stuart you may actually hit that level today. Profits are good. Retailer report later in the week and most of them are on the up side. What am i missing here . Susan its fantastic. Its been a while for the dow jones. Stuart and we havent mentioned politics so far. Politics is neither a negative or a positive. Its all vaccine and market. Susan did you know the dow jones outperform the nasdaq since the widest since 2002 last week. Stuart 460 up for the dow jones as of 9 30 a. M. What started as a peaceful march for President Trump quickly turned violent with trump people attacked and we have the video. No surprise here. Most Mainstream Media shrugged it off. We will have more on that later. House Majority Whip Jim Clyburn says movements like the fund the police are hurting democrats. Watch this. We keep missing that mistake. This is foolishness about you have to be this progressive or that progressive. Stuart thats the sound bite but if you ask senator Bernie Sanders he says he doesnt know anyone who was to the fund of the police. He says that now. I wonder how aoc feels about that. We are just getting started. This is varney co. On a monday morning. We have a rally to tell you about. Businesses today are looking to tomorrow. Adapting. Innovating. Setting the course. But new ways of working demand a new type of network. One thats more than just fast. You need flexibility to work from anywhere. And manage from everywhere. Advanced technology. With serious security. And reliable coverage, nationwide. Forwardthinking enterprises, deserve forwardthinking solutions. And thats what we deliver. So bounce forward, with comcast business. And sweetie can coloryou just be. Gentle with the pens. Okey. Okey. I know. Gentle. Gentle new projects means new project managers. You need to hire. I need indeed. Indeed you do. 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Thats golo. Com. Stuart more bullish news. Theres now a long list of bigname wall street firms which expect a new leg up for the market next year in the latest is Morgan Stanley. Susan its a v shaped recovery and thats good for stock market with Morgan Stanley recommending holding more stocks and buying more stocks and dont hold cash or Big Government that because it wont get you anything so they forecast gains of 9 from now until the end of 2021 joining goldman sachs, j. P. Morgan going to risk on for next year. J. P. Morgan predicts may be 4000 at the end of next year, up 23 from now and this is based on hopes of vaccines approved, government stimulus and divided congress, but i have to say 30000 is just around the corner. Stuart you just dont get so much abortion is all at the same time very often. Susan very positive. Stuart at this moment it is. We have Bernie Sanders who says he has not heard the fund the police, calls from his democrat colleagues. Watch this, please. Nobody i know whos running for office talks about defunding the police. We talk about making Police Officers accountable. Making sure Police Department to do with they can do best, making sure Police Officers arent killing innocent africanamericans. That is not defined the police. Stuart i think need dust protest too much. One of 17 republican women newly elected to congress. Command new york congresswoman elect. Congratulations, first of all. Did defund the police help you when . Definitely part of my campaign. My campaign was a lot centered on law and order and when theys here Bernie Sanders sake let the police do their job, they are taking away the resources for them to do their job and thats part of the problem. Mayor deblasio cut a billion dollars from the nypd budget and you hear people like alexandria ocasiocortez say thats not defunding, its never enough for the socialist and thats the problem. Stuart congresswoman elect, more than 300,000 new yorkers have reported in the last eight months with the virus getting to them in growing crime getting to them. How do you get those people back . First of all we need a new mayor. We need the mayor to work with us. We want to reopen our economy. We have to get people back to work. We know more about this virus than we did six months ago. As you mentioned, a vaccine is coming soon. We need to take the proper precautions. We cant continue to shut down our economy and have these burdensome mandates. Small businesses are getting killed by this mayor. They are basically shaking them down for violations and inspections constantly. They are really suffering and you also mention crime. We need to reverse some policies that have been put in place leading to skyrocketing crime in new york, murder, shooting, burglaries are up. People feel less safe so with accommodation on the quality of life, increase in crime. We need to reverse some policies that have been put in place under mayor deblasio. Stuart a few days ago Governor Cuomo said he would delay the vaccine because he doesnt trust the president , President Trump. President somme crumb said i wont send it to new york if you dont distribute it properly now cuomo says hes going to sue the president. Are we going to get a delay in getting the vaccine in new york because of politics . This is the problem cuomo crated for himself the reality is that it should not be political. Scientists and medical professionals worked overtime to get this vaccine, and we need to get it to the frontline workers and our most vulnerable as soon as possible. Governor cuomo should accept the vaccine like every other state and get it to our new yorkers who really need it. Stuart congresswoman elect, republican from new york city. Incredible. Congratulations. Great to have you on the show. Dont be a stranger. Thank you. Stuart show me the futures again because you will like this. Monday morning and we have a lot of green up 450 on the dow jones. Getting real close to dow jones 30000 this morning. We will take you there after this. Turn on my tv and boom, its got all my favorite shows right there. I wish my Trading Platform worked like that. Well have you tried thinkorswim . This is totally customizable, so you focus only on what you want. Okay, its got screeners and watchlists. And you can even see how your predictions might affect the value of the stocks youre interested in. Now this is what im talking about. Yeah, itll free up more time for your. Uh, true crime shows . British baking competitions. Hm. Didnt peg you for a crumpet guy. Focus on what matters to you with thinkorswim. May your holidays glow bright and all your dreams take flight. Visit your local mercedesbenz dealer today for exceptional lease and financing offers at the mercedesbenz winter event. Stuart if you are just joining us, stocks are soaring. Moderna has a vaccine that is says is nearly 95 effective. Stock is up. Charles payne joel joins us now. Charles, do you see light at the end of the covid tunnel . Yeah, i can absolutely. On sort of an optimistic guy. You know that, stuart. Even before the moderna news. More importantly the last week the market was loud and clear. There was a tug of war with the future of reopening, normalcy, vaccines versus current spike in the pandemic, you know record amount of cases and pretty clear by the closing bell friday that wall street was looking to the spring and summer and over this period of darkness followed by politicians and we see it again this morning. Stuart we are 27 minutes into our show this morning, and we have not really mentioned election, politics, president ial politics at all, just not mentioned it. Its not part of the theme today, is it . Its not and hasnt been for a while with this streak. A lot of legal challenges are out there but wall street hazard of accepted the notion of President Biden and Republicancontrolled Senate ahead of the anti what was interesting last weeks tour, before the Election Companies that posted earnings on average were down about 6 cents of the percent. Last week companies that beat the streak since the election, stocks are up almost 6 , six times the normal amount, just shows you how much there was a relief that there was no blue wave. It was reflected