us and also for the economy. finally the election. the election is a material issue we have to look itself through. [closing bell rings] [inaudible] help -- liz: all right. it is good to have you, eric. thank you. eric freed man. that will do it for us. it's a record for the nasdaq. jackie: negotiations on capitol hill. white house officials just wrapping up a meeting with top democratic leaders to try to find a deal on covid-19 relief as we await for results from disney. i'm jackie deangelis in for melissa francis today. this is "after the bell." the dow closing near the highs of the session. the s&p 500 edging just a little bit higher. the nasdaq closing at a record high for the second day in a row. we've got fox business team coverage. blake burman at the white house. kristina partsinevelos watching the markets for us. edward lawrence is in washington. we'll go ahead and start with

kristina. reporter: we had quite a day today with markets looking for direction but you saw all three major u.s. averages closing in the green like jackie mentioned. you saw nasdaq hit an all-time high. s&p 500 as well as the dow closed for the third day in a row in the green. you had a lot of big tech movers as you know but that led nasdaq higher. i want to focus on two particular stocks. take-two interactive had earnings. a big beat. they showed a lot of people, pent-up demand for gaming as well in purchase games and you have amd, advanced micro devices, their stock climbing higher today because jeffries did increase the price target from $86 to $95 but there is it still come weakness across the board. a major news story, microsoft about the potential purchase of tiktok, because of that volatility, because of regulatory reviews, that weighed negatively on the stock today.

you can see it was down over 1.5%. then we've got kodak since we're talking about regulatory review, kodak shares we saw them skyrocket over the short term and trading lower amid reports the sec probe will begin. they will look at the company's trading close. this has to do a lot with the government loan. i will end on gold. we saw gold hit the high of $2,000 for the first time. a lot has to do with the flight to safety with covid-19 as well as inflation fears. you saw all three indices close higher at the tape. jackie: that move in gold was impressive. kristina, thank you very much. let's head to edward lawrence in washington for the latest on capitol hill with the stimulus talks. reporter: jackie, meeting between treasury secretary steve mnuchin, chief of staff mark meadows and nancy pelosi and

chuck schumer. this is a classic washington standoff here. the difference is people's lives and ability to pay rent or keep their homes is weighing in the balance. listen. >> atmosphere is much more partisan than it was back in march and april. that much closer to the election. so i don't think the definition of success here is whether we have a unanimous vote. i think the definition of success is the product that something that will actually make a difference. reporter: republicans tried to extend unemployment benefits, two attempts blocked by democrats. democrats want the senate to pass the $3 trillion heroes act. there is consensus something needs to be done especially with the extra unemployment insurance and help on halting evictions. secretary mnuchin has more proposals he is dropping off for the democrats. it is a much broader bill, what they would like to see. are they prepared to go for executive action? both mnuchin and meadows said

both of those, yes. they're prepared to go for the executive action if the proposal doesn't work but the gap seems to be very wide now between republicans and democrats. listen. >> there are real dramatic needs. we're not going to do 1/5 of the needs or the a quarter of needs or a third of the needs. we're negotiating in good faith. we're coming closer together. we're doing a lot more negotiating democrats in the senate than republicans in the senate. reporter: house speaker nancy pelosi said even if they have agreement today on a bill, not likely it would come up to the house for a vote for the president to sign this week. they have a long way to go to bridge this divide. thank you. jackie: edward lawrence, thank you for that. let's get to our own blake burman live at the white house with the latest reaction there. blake. reporter: edward seemed to sum it up pretty good with what is going on capitol hill with the relief measures. we did hear from the white house chief of staff mark meadows he spoke to reporters.

meadows one of the top two negotiators said the following where everything stands with negotiations. quote, we started a good foundation. i will say this, secretary mnuchin is prepared to make a few proposals that hopefully will be met with enthusiasm but yet we're a long ways away striking any kind of a deal. back here at the white house, one of the things we heard, drop the video of mitch mcconnell, that they are prepared to go forward with executive action if there is not any sort of deal. larry kudlow spoke with stuart varney today said one of the things the president could potentially do extend the eviction moratorium that would deal with the hypothetical executive order with federally backed loans. white house views something they could potentially weigh in on via executive order should there not be any sort of deal up on capitol hill. back to you. jackie: blake burman, thank you so much for that.

here now talking more about what is going on in washington and the markets, liz peek, foxnews.com columnist, jonathan hoenig, capitalist pig hedge fund founding member. great to see you both, both fox news contributors. jonathan, let's go ahead to start with you. we're trying to work things out in washington. the market is hoping there will be some sort of deal. nothing is nailed down just yet. a lot of american citizens riding out the pandemic are hanging in the balance here. what is the tipping point? how long does washington have to get its act together, basically? >> well, jackie, we're literally in uncharted territory here. both on enormity of the shutdown, slow down, recession and size of some of these dollar figures talked about. i'm old enough to remember when obama's 800 billion-dollar stimulus program was considered big. whether democrats or republicans they were talking about trillions, multitrillions of dollars of stimulus, certainly having impact in the market. a lot of money printing,

et cetera. it makes it more difficult as an investor because they're not only trying to navigate what is the market going to do, what the economy is going to do, but what the government response is going to be, in terms of lockdowns that is creating unemployment and stimulus many think it actually prolonging the recession. jackie: liz, i want to get your take on this as well -- you know what? we'll hold it right there we have disney earnings reporting third quarter results. i want to get straight to kristina for that. reporter: we do. we have a mixed bag for the earnings report but you had the adjusted earnings come in cents a share. we were expecting a loss of 64 cents a share. so definitely a huge beat on that front but its revenue that came in much lower. we're seeing revenue at $11.78 billion. we're expecting estimates of 12.3, almost 12.4 billion. you can see down for this quarter, down dramatically, almost 40%. this is the first loss on the revenue side in almost 15 years. you have a lot of parks still

closed. disney cruises also halted. their entertainment center, the studio business is not doing so well during the third quarter. that is also putting a delay on a lot of movies. mulan, no date yet. "avatar" films delayed a year. beat on earnings adjusted per share but much lower revenue than expected. jackie: thank you, kristina. go back to you to get quick reaction on disney. what i'm seeing they were able to bring in eight cents a share adjusting costs working things around to navigate throughout the pandemic. the expectation was they were going to be hit quite hard but this is another example of a company that really been struggling right now as we try to find a light at the end of the tunnel. what do you think? >> well you could hardly find a company facing bigger challenges during this period than disney.

obviously no one's been able to go to the parks. most of them have been closed. they tried to reopen a couple. they had to close them back down again. the products aren't selling. the only bright spopot ist the st sting servg e aic we h h'tav hav th numrs yetrset onn su s. i got to a te tumhat'shas u b bb at m aealmnsosea noteahieahiongt tes.nu that iat is r illy ibout ahe ahe futu en e t enkbonkut a a a ahat, ere her heeasn b nports.pos.s. it been reall r ry,y,y,eall r ult icslic for f disney.ney.ney. evyoevne devid exptxp at ls. l l i wouldn't gn'et toooooo wound n it.fit. itues t the story. it will be very interesting to see if the company comes out with any kind of guidance. a lot of companies are just passing on that. if i were they i would probably do the same. jackie: jonathan, i want to get your take on it as well because disney is certainly one of the companies that really, really struggled. we don't know where we stand with the virus right now. this comes back to what sort of washington is mulling over as

well. this could take more time. we could see continued spikes in certain states t could get worse potentially in the fall. so you know, the question is, how does washington balance what it has to do try to provide relief to americans while corporations are really struggling their way and trying to figure a way through this as well? >> jackie, to liz's point, disney is all about large groups. that's what it does. it is providing entertainment to large groups. everything that was an asset to disney before the pandemic as liz pointed out is now a liability after of the pandemic. disney is fairly smart. it warned the street. it said we had bad news coming. they suspended their dividend. like a lot of media stocks they're down 20%. interesting the stock is trading lower on the earnings news, the earnings beat as kristina talked about. would rather see the stock miss and rally as a result. the fact it is trading down,

showing a lot of traders despite the beat, disney's at least near term prospects don't look rosy. jackie: that leaves the question for the rest of the year and how long we struggle through this. you know, the april, may, june quarter for a lot of companies was going to be that struggle that really showed how hard the pandemic hit, liz and i'm wondering when i look at the stock market right now, dow closing just under 27,000, you know, is wall street sort of being too optimistic here with respect to the scenario of things reopening and getting better too quickly? is the market getting ahead of itself? >> you had a number of tailwinds right now, jackie. right now number of cases in the u.s. seemed to have peaked 10 days ago. that is obviously very good news. look at manufacturing. manufacturing keeps coming in better than expected. we had another read on that yesterday. ininventories are at six-year lows. this is by the way not just in

the u.s. but around the world. there is a lot of catchup that will be going on here over the next six months. plus we have housing in very good shape. so there are some segments really going to carry i think growth in the third and fourth quarters pretty strongly. we don't know what the outlook for the virus is. pretty sure by the end of the year there is going to be a vaccine. investors are looking over this as they really have for a month or so now, kind of anticipating what companies will do and what aren't going to do well. in the case of disney, look, their challenges will be there for the next year probably. because as jonathan said, the crowd situation is all about what makes disney profitable. i just don't see that going away -- [inaudible]. jackie: hang on just one second. i want to go back to kristina who has more of the headlines coming out of disney. maybe where they saw some strength and really where they were hurting, kristina? reporter: i can answer those

questions for liz and jonathan now. we're talking about the crowds. we have numbers for the parks, experiences and products. revenue for the quarter decreased this, 85%, to one billion dollars. you're wondering about disney's cape networks. those revenues down 10% to 4 billion. so not as bad but still decreasing. then studio entertainment revenues, where all the big movies come out, down for the quarter 55%. so again, parks and experiences, a huge major contributing factor to the bottom line for disney. you're seeing that down 85% as many places are still closed. in california we don't even know when it is going to reopen. studio entertainment down 55%. cable revenues down 10%. i'm trying to find a little uptick for you. with have revenues media network, 6.6 billion. there is that media subscribers, jonathan, you asked for that,

57.5 million. a little higher than what we saw previously. back in may it was 54.5 million. so it is climbing higher but still a little bit less than what analysts were expecting. we're seeing a lot of negative numbers across the board for disney. uptick in disney plus, the streaming platform. back to you guys. jackie: thank you so much for that. disney plus was a bright spot, parks, sports movies, got hit pretty hard. jonathan, liz peek, thank you so much for joining us. we'll talk a little bit more about this coming up of course. meantime u.s. manufacturers are fighting back. industry leaders slamming president trump's plan to lower drug costs. we'll talk to a major player in the industry about the risk there. plus a deadly tropical storm barreling up the east coast. torrential rain, damaging winds hitting the new york city area after slamming the carolinas. we're tracking that storm's path at this hour. the at-home building boom, a high demand for lumber driving

up prices. it is leaving box retailers clamoring for wood. will this trend continue? we're live at a lumber shop in chicago with more. ♪ an extra 15 percent credit on car and motorcycle policies? ok? that's 15 percent on top of what geico could already save you. so what are you waiting for? dj khaled to be your motivational coach? yo devin! remember to brush in a circle motion. thank you... dj... khaled. tiny circles, devin. do another one. another one. is this good? put in that work, devin. don't give up. geico. save an extra 15% when you switch by october 7th. save an extra 15% when you switch ♪ ♪ ♪

we've always put safety first. ♪ ♪ and we always will. ♪ ♪ for people. ♪ ♪ for the future. ♪ ♪ and there has never been a summer when it's mattered more. wherever you go, summer safely. get 0% apr financing for up to five years on select models and exclusive lease offers. she was not able to vote in her lifetime, but i wanted to honor all that she had done to ensure a lasting legacy of education and civic involvement. i'm very proud to carry on her story.

where you can find games, news and highlights. all in one place, right on your tv.

the xfinity sports zone. use your voice to search every stat and score. follow the teams you love. and, even get notifications with breaking news alerts and more. with the xfinity sports zone everybody wins. now that's simple, easy, awesome. say xfinity sports zone into your voice remote today. jackie: we got a

"fox business alert." fox corporation, the parent company of fox business, reporting fourth quarter results. let's go back to kristina partsinevelos with those numbers. kristina. reporter: yeah, we got revenue came roughly in line, what we were expecting $2.42 billion. that is drop of 4.5% compared to a year ago. talking about earnings per share, adjusted earnings per share, that comes in at 0.62 cents. 62 cents a share, beating what we were expecting at 57 cents. a relatively strong report but i want to focus on the comments we're seeing right now from ceo lachlan murdoch. he commented ad revenue did decline but dramatic drop in ad revenue was offset by affiliates doing much better. affiliate revenue increased 8%. part of that has to do with tv. tv segments, more people tune in. you're seeing lower local advertising revenue come in at

various fox television stations. there is fewer live events because of fox sports. that weighed negatively on earnings, fewer house hours of scripted programing across the board. revenue came in line with expectations at $2.42 billion. earnings per share coming in a little bit higher, the dividend payout, that is the latest number i can give you, we're seeing 23 cents a share. a stronger than what we saw with disney but ad revenue is still a major focus. we're still seeing it down and lack of live sports are hurting fox sports but people are tuning in locally at least. back to you. jackie: kristina partsinevelos. thank you so much. the white house proposing a plan to lower drug prices through international price indexing. now new ads are out opposing this plan and what it could mean for american manufacturers. listen to this. >> price-setting schemes manipulated by foreign governments could harm innovation and critical r&d investments.

support access to life-saving medicines and the manufacturers who make them. jackie: president trump firing back on twitter today tweeting, quote, big pharma is taking ads against me because i am massively lower your drug prices which is obviously not good for them. medicare premiums will also be going down. i am the first president to take them on. don't fall for their false ads. biden's plan is for very big increases. joining us now with more, jay timmons, national association of manufacturers president and ceo. great to have you with us, sir. let's go ahead and talk about what the concept of price indexing is for many people who don't know. we know the stories about people going to other countries to get their drugs for cheaper pricing. why we can't bring our own costs down here at home and why the president is proposing this idea? >> yeah. well, first of all let me just say kudos to the president, kudos to any politician or any

elected official who wants to see the price of prescription drugs go down and the cost of health care to go down. i think we all do. i represent manufacturing. i represent many of those employers who are providing plans to be able to provide prescription drug coverage for their employees. so obviously we want to see the price go down too but this is just not the right way to do it. international price indexing actually pegs the cost of drugs to other countries pharmaceutical price where those prices may have been manipulated by government schemes or price controls or even socialistic policies. these are the types of things that the last campaign was argued on. we didn't want to see the government trying to interfere in our health care policy and at that time it was the affordable care act. these are the types of policies that were rejected four years ago and we think they need to be rejected again.

it is not good. what we need is competition. we need to make sure we have choice and access and availability so that we can make sure that americans are going to be able to take advantage of life-saving drugs for the next pandemic or for alzheimer's and or for cancer or multiple sclerosis. we can't do that if the government imposes artificial barriers. jackie: you bring up a good point. you talked about the innovation. that we have the best health care here in the united states for a reason. because these companies that are innovating. just one second. so it would actually stifle their ability or at least the incentive to put so much money into their research and development, to develop these drugs, if they weren't going to be able to profit from them? >> well that's exactly right and, look, our system is not perfect. we know that. we need to all work for better solutions but the number one

goal, the number one goal should be to make sure that we continue to be first. that america continues to be first when it comes to research and development of new pharmaceutical innovations. that cure these, that cure these terrible diseases. it is american ingenuity that allowed us to have such a, such a broad array of of solutions and, and cures, to these deadly diseases. cancer is not cured yet, jackie. jackie: no, it is not. jay, let me ask you this, if pricing is not the best way to do it, what would be the best way? >> well, competition. competition -- we believe in a free market economy, right? and, and that's what, that's what america's greatness has been built on. that is were what our economic might has been built on. the international price indexing scheme that is being discussed at the white house is not that.

it is artificial price controls. that never works. that never helps to create that next innovation. we need to make sure we're able to compete and succeed. and frankly, you've seen some reductions in pharmaceutical prices in recent years. let's continue to allow competition to thrive so that we can, we can make sure that happens in the future as well. jackie: all right. jay timmons, thanks for being on with us. thanks for sharing your insight as well. we'll see you soon. all right the tropical storm lashing the east coast unleashing torrential rain and hurricane strength winds as more than 30 million americans remain under tornado watches. we've got the latest on the storm's path coming up next. plus a yale study delivering a major warning and some new guidance for colleges bringing students back to campus in the fall from fidelity. now you can trade stocks and etfs for any amount you choose instead of buying by the share.

all with no commissions. stocks by the slice from fidelity. get your slice today.

stocks by the slice from fidelity. i appreciate what makes each person unique. that's why i like liberty mutual. they get that no two people are alike and customize your car insurance so you only pay for what you need. almost done. what do you think? i don't see it. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ find your get-up-and-go. find pants that aren't sweats. find your friends. find your sense of wander. find the world is new, again. at chevy we'd like to take you there. now during the chevy open road sales event, get up to 15% of msrp cash back on select 2020 models.

that's over fifty-seven hundred dollars cash back on this equinox. it's time to find new roads, again.

♪. jackie: a tropical storm bearing down on the tri-state area today causing tornadoes, severe winds, heavy rain. we've got fox team coverage on the storm as it makes its way up the east coast. alex hogan is at the south street seaport in new york city, rick leventhal in wind suffer, north carolina, but alex, let's start with you first. reporter: jackie, so we've seen the rain stop here. but of course we still do have some of the wind. you can see people walking around after these rains stopped. but take a look at the war-filled flood barriers. they are here, this is one of the lowest parts of manhattan. to make sure all the buildings are protected, these were put in place. this is area hard hit by hurricane sandy. in the wake of that, making sure that does not happen again. the mayor, mayor bill de blasio here in new york city, saying you can't be too prepared. >> obviously something that we are very, very certained about based on what we know now.

heavy rain, expected. very high winds. >> one to two feet of water above ground because of the storm. because of the wind we'll see significant wave action that will bring more water into these areas. reporter: the national weather service is urging drivers who stay off flooded roads, reminding them half of flood-related drownings happen when a vehicle is in floodwater. along with heavy rain and storm surges, isaias is also spinning tornadoes. tornado watches are in effect in delaware, new jersey, new york, connecticut. power outages in the tri-state area topping two billion or a million by mid-afternoon. the storm is also sending public transit of course here in new york city. crews will monitor some of the flood-prone subway and train stops. new york, new jersey, could see up to two to four inches of rain with some areas seeing up to six. >> hopefully, this is our best-case scenario today, will

be just a washout and tomorrow we'll be back to summer sun but in the meantime we hope for the best and prepare for the worst. please, folks, stay in and stay safe. reporter: while there is some danger that we do need to talk about. of course one person is dead after a branch from a tree crashed down on a vehicle in queens, new york. a man was sitting in his car. of course lawmakers reef minding people when these winds come and danger that carries these possible trees with it, of course, we do feel some of those winds right now, mainly what we're seeing here in new york but as the storm continues to move north, of course we'll keep an eye on that. jackie. jackie: alex hogan, thank you so much for that. i want to go to windsor, north carolina, where rick leventhal is there. the locals there dealing with the aftermath of the storm, rick. reporter: yeah, just horrific damages here, jackie. north carolina emergency

management confirming three tornadoes touched down and one ripped through this neighborhood in burte county. it splintered, look down literally hundreds of trees, a bunch of power lines. damaged homes, left two people dead. the worst of the damage, a half mile where we're standing here. it was a trailer park obliterated by a twister spawned by the hurricane. it destroyed at least 10 trailers. sent more than a dozen people to the hospital. there are two confirmed deaths with a search on going in the last report for one more possible victim. there is the ryan family, who was sleeping. they were in their home, less than a half mile from the trailer park. they resieved amber alerts. the house started rocking. here is how they described it. >> it sounded just like a freight train coming, i mean a freight train. all we heard was stuff falling. the house, sounded like the house was caving in on top of our heads and stuff. we were trying to look up, just

down there just praying and praying. it went over. reporter: she had her 3-year-old daughter wrapped in her arms. they're okay. the other four people in the house are okay. they're obviously shaken up but this home that has been if the family for 80 years, jackie, is pretty much gone. jackie: thank you so much, for that, rick leventhal, always great reporting. we'll continue to watch the story. it has been really tough. meantime party leaders are trading fire on capitol hill. talks continuing in washington over the next round of coronavirus relief, but a potential deal might still be out of sight. former governor mike huckabee is going to be here to talk about it next. plus your new home improvement project could be more expensive due to a shortage of major building products. on the forefront of a potential transportation trend, new hampshire reopening its roads to flying cars, passing a

new law addressing roadable aircraft and establishing a commission to study vehicles that can be drive on public roads and fly through public airspace there's an art to listening. it's the ability to hear more than what's being said. to understand the meaning in every pause. and to be able to offer the answers that make someone feel truly heard. i understand, let's get started. that's what you get when you talk to a dell technologies advisor.

it was 1961 when nellie young lost her devoted husband. without him, things were tough. her last option was to sell her home, but... her home meant everything to her. her husband had been a high school football coach and it turned out, one of his former players came up with an answer. a loan, created just for older homeowners. and pretty soon, nellie young had one of the first reverse mortgages. discover if a reverse mortgage loan is right for you. use it to eliminate monthly mortgage payments and increase cashflow, create an emergency fund, preserve retirement savings and more. call now for your free information kit. that first reverse mortgage loan

meant nellie could stay in the home she loved so much, with memories that meant even more. a reverse mortgage loan isn't some kind of trick to take your home. it's a loan... and it's tax-free cash just when you need it. it's about making your retirement better. call today and find out more in aag's free, no-obligation reverse mortgage loan guide. access tax-free cash and stay in the home you love. of course, you can use it to pay some bills, cover medical costs, update or repair your home. but best of all, it eliminates those monthly mortgage payments so you get more cash in your pocket, every month. learn how you can use a reverse mortgage loan to cover your expenses, pay for healthcare, preserve retirement savings, and so much more. a lots changed since 1961... since then over a million older americans have used a reverse mortgage loan to finance their retirements.

it meant so much to nellie, maybe it could mean as much to you... call now and get your free infokit ♪. jackie: coronavirus stimulus is at a stalemate. we are hearing that the meeting between speaker nancy pelosi, senator chuck schumer, white house chief of staff mark meadows, and treasury secretary steve mnuchin, you know, is on

going over the next round of coronavirus relief. when we have more details on that, updates, we which brill them to but let's bring in mike huckabee, former arkansas governor. he is also fox news contributor. governor, great to see you. part of the conversations, part of why they can't come to some sort of a deal here is with respect to the unemployment benefits, right? that $600 a week. the republicans are saying how will you get people back to work if you continue to give them more to stay home than they would be making at their job? dems say, no we have to keep this going. what are your thoughts how they can achieve some sort of a middle ground? >> i'm not sure they are going to because the democrats don't want to get this resolved. they want this to be a train wreck. it is about the politics of it, jack kim. not because they think it is really good policy to pay people more money to not work than it is for them to work. i think we all want to see people get some type of relief if their jobs have disappeared,

through no fault of their own. this is, a pandemic that has destroyed so many people's livelihoods and their businesses. it's a different thing when their jobs have come back but they won't come back because the government is sending them a check than is bigger than the check they got when they were working. i don't know why the democrats think that is a great idea. all it does continually keep the urn employment rates high. so when the democrats want to help american workers and the american economy, more than they want to hurt donald trump, this gets resolved but until that happens there is going to be a stalemate. jackie: okay. one of the other focal points, the big ones, debate is resources going to schools to reopen in the fall. obviously the dems are saying if it is not safe, we can't do it or we can't do it if we don't pour tons and tons of money into it. the trump administration is saying, listen, there are certain things we can do. schools that will reopen. of course they will get funds first because they will plan to

bring people back, but this is an on going conversation and so many differing views here and there is still some information on safety that we don't necessarily know. >> i think jackie, the important point that the trump administration is trying to make, you put water in the pool of where people are going to swim. if people aren't going to swim in the pool there is no point pouring water in. the schools that say we're not going to open, they don't need money right now. there is no urgency but the schools that are going to open, that understand how valuable it is for the kids to be back in a classroom, frankly how valuable that is for parents so they can go back to work, not have to stay home with their kids, a lot of kids, millions across the country depend upon the public school lunch program for the best nutrition they get. so for a whole lot of reasons the fda, dr. fauci, dr. birx, they all say get these kid back in school. the democrats can't argue this

is not important because there is a consensus that it is but there is no reason to fund schools if they're going to stay closed. jackie: i want to switch gears for a second as well though, governor. the fate of presidential debates is up in the air right now. appearing on fox news this afternoon dr. jill biden gave her take on if she thinks they're going to happen because of coronavirus. take a listen. >> will the vice president debate donald trump this fall? >> oh, yes, he will. i think they have already, i think three debates that they decided on. so, yes, he will be there. jackie: we've been talking about a lot of different things but there is an election coming up in november and we've got these two candidates coming head-to-head. it is so interesting because i think if they didn't have to show up, they probably wouldn't. i think donald trump has shown himself to be a better person on the candidate on the debate

stage than people thought he would be especially against hillary clinton. your thoughts on what you think is going to happen and how the american people are going to judge these two as they try to have a conversation? >> well, i thought jill biden did a great jobe today by simply saying, yeah he is going to be there. i know "the new york times" today editorialized they hope he will skip the debates. what are they afraid of? joe lockhart, former clinton press secretary tried to urge joe biden to stay away but jill biden, i think is in a better position than most people has said he will make it to the stage and he should. if he doesn't, i think he has a hard time explaining why he would stay down in his heidi hole instead of getting up on stage to face president trump. but it ain't going to be no picnic. president trump is a fearless debater. he goes on to that stage with reckless abandon, with one goal in mind, to win and he usually does. jackie: he did last time.

so we will be watching. governor huckabee, thank you so much for being on with us today. >> you bet, thank you, jackie. jackie: sure. a path forward for students. colleges across the u.s. under pressure to safely reopen in the fall. researchers at yale and harvard might think they have the key to getting that done. we've got details on these breakthroughs coming up next. stay tuned to fox business because lou dobbs will interview president trump at the top of the hour. so when they got a little surprise... two!? ...they didn't panic. they got a bigger car for their soon-to-be-bigger family. after shopping around for insurance, they called usaa - who helped find the right coverage for them and even some much-needed savings. that was the easy part. usaa insurance is made the way liz and mike need it- easy.

don't just think about where you're headed this summer. think about how you'll get there. and now that you can lease or buy a new lincoln remotely or in person... discovering that feeling has never been more effortless. the lincoln summer invitation sales event is here.

jackie: "fox business alert." biotech company novavax announcing positive results from two preliminary studies of its covid-19 vaccine candidate. in one study 56 volunteers produced a high level of antibodies without any serious side-effects. the company says, it can produce 100 million doses by the beginning of next year. now novavax is among several companies working to develop a vaccine and received a $1.6 billion grant from the government. despite the good news, you see the stock is plunging in after-hours sessions. this month, colleges are welcoming thousands of students back to campus but schools

struggling to lay out a reopening plan that can work. a yale and harvard study claims to found a safe way to bring college students back to campus, but it would be required for them to be tested for covid-19 every two days. joining me with more, the lead author of the study, yale public health professor, dr. david patliel. doctor, great to have you with us. explain the findings in the study and how it is able to test college kids every two days to see what is happening with the community spread. >> thank you for having me, jackie. you got it absolutely right, the key to the analysis we performed suggests that the safe way for students to return to colleges involves screening for the sars covid virus at high frequency, every two days, using rapid inexpensive test, coupled with strict adherence to social distancing and other basic prevention practices. just as you said, the key challenge here is feasibility. the plan we recommend is

complicated to implement and it's expensive. it set as very high bar may well be i don't understand the capacity of many universities. let me be clear just because it isn't feasible doesn't mean it isn't important. any school that can't meet minimum screening standards or maintain uncompromising prevention control practices has to ask itself if it has any business reopening. >> a lot of questions to ask here. i want to alert the viewers, i think i read it was $470 per student to be able to tested in this way. another concern is that, you know, listen we've done more testing in this country, absolutely and that has been helping us monitor the virus as we move forward but not all of the results have always been accurate. then you've got a community of college kid may not be taking the distancing precautions that other people are. so i'm wondering if you think that it is realistic to do it,

and realistic to know who has got it and who doesn't? >> absolutely. we can't expect perfect adherence and we can't expect perfect tests but we can prepare for the perfect adherence and perfect test. i'm concerned about how many schools are not planning to do any testing of asymptomatic students. they're only monitoring students of covid-19 and only spring into action when they see signs of illness. we explored thousands of scenarios. we failed to find one circumstance that is able to -- it is too much rick of silent spreaders. you can't play catch-up with this virus. a school tests and responds only when symptoms are observed is like a fire department that only spends after the house has burned to the ground. jackie: is the plan to use rapid testing, tell you for example, here in new york city, i have friends trying to get test, you

still have to wait five to seven days to get the results. rapid tests, nasal swabs that come back in 15 minutes, those are harder to come by. i'm wondering what the plan would be here and how companies can ramp up those rapid tests? that could help in so many areas, not just on college campuses? >> i agree with you. those better tests are on the way all the time, cheaper, faster, rapid saliva based testing. we need to move forward with those technologies. jackie: great to have you, doctor. we'll have you back on again soon. we do hope -- >> thank you very much. jackie: come back to campuses in the fall and these plans can help with that. meantime an unexpected building boom is something we're watching. a spike in home improvement projects sending prices of wood products to new records. so when could your wallet see some relief? we have got that next. moments from now, lou dobbs will interview president trump. make sure you stay tuned to fox business okay... okay!

safe drivers save 40%!!! guys! guys! check it out. safe drivers save 40%!!! safe drivers save 40%! safe drivers save 40%!!! that's safe drivers save 40%. it is, that's safe drivers save 40%. - he's right there. - it's him! he's here. he's right here. - hi! - hi. hey! - that's totally him. - it's him! that's totally the guy. safe drivers do save 40%. click or call for a quote today.

come on in, we're open. ♪ all we do is hand you the bag. simple. done. we adapt and we change. you know, you just figure it out. we've just been finding a way to keep on pushing. ♪ 100% online car buying. carvana's had a lot of firsts. we've just been finding a way to keep on pushing. car vending machines.

and now, putting you in control of your financing. at carvana, get personalized terms, browse for cars that fit your budget, then customize your down payment and monthly payment. and these aren't made-up numbers. it's what you'll really pay, right down to the penny. whether you're shopping or just looking. it only takes a few seconds, and it won't affect your credit score. finally! a totally different way to finance your ride. only from carvana. the new way to buy a car.

jack jack fox business alert, disney just announcing its highly anticipated live action version of mulan will stream on disney plus starting september 4th. the streaming service surpassed 60 million paid subscribers globally as of monday. and the pandemic presenting a unique opportunity for home renovations, sending the prices of lumber higher all across the country. our own grady prim the trimble -- trimble is live in chicago with those details. >> reporter: we're at acme lumber and building materials, and this might look like a lot of lumber, but actually inventory low here, and that is because demand right now is so high. so many people are working on home improvement projects, adding decks to their homes, fences and housing starts have been up lately as well. and you can see in the lumber futures what happened was supply dropped because lumber, i saw

mills had to shut down during the pandemic, but then they were expecting sort of the traditional recession type response which is not a lot of building, but it turns out when people are at home, they want to build a lot. the owner of acme here, tell me what you've been dealing with lately. it's been quite an interesting time. >> yes. we've been having a lot of homeowner deciding to redo their decks, fences, all kinds of home improvement projects, and they've just been cleaning us out. >> reporter: and prices have skyrocketed because of that, and you've even had trouble getting new i lumber delivered. >> it's almost doubled the last month and a half. >> reporter: so when can people expect prices to level out, or that the big question? >> well, of course. i mean, we hope it's going to come up soon, but until they get the ply back up, i mean -- supply back up, it's going to be probably another couple months. >> reporter: and that's the challenge right now, the lumber mills still haven't quite caught up to this boom in demand.

>> exactly. they just haven't been able to get enough material for all these projects. >> reporter: and, jackie, just to give you an idea on the pricing, they've basically doubled since the pandemic started. if you were going to build a deck in february, just five months or so later, it'd be twice the cost to build that deck. they say they're trying to get as many shipments as possible here, but with how low supply is, it's just hard to keep up right now. just another interesting twist as a result of what's going on in the world. of jackie? jackie: grady, real quick, i'm wondering is in the price -- is this the the price elevation that's expected to last? >> reporter: i think they're hoping they're hoping it'll level are out because they don't know how long contractors and other people are paying the high prices. like john said, he'd be the smartest person if he knew what was going to happen next.

jackie: grady trimble, always great to see you. great reporting, thank you. that does it for us "after the bell." "lou dobbs tonight" starts now. ♪ ♪ lou: good evening, everybody. we'll be talking with the president of the united states, donald trump, here in just moments live. i do want to set just a bit of the scene. this interview tonight comes as the radical dems have been trying to create a a nightmare for democracy this november. the party of hate pushing mail-in ballots as the only safe way to vote during the china virus pandemic. they're also pushing as many left-wing activists and anarchists as they can into the streets of america. just when we thought that with the china virus pandemic that the radical dems would stand up for