we need the stimulus to get through the fourth quarter. [closing bell rings] liz: katy nixon of northern trust. thanks to phil flynn and sean o'hara. all right, nasdaq right there at correction territory down 470. pretty ugly day. third day in a row of selloffs here. that will do it for "the claman countdown." melissa: big tech slammed on wall street. the major averages plunging, closing near the lows of the day. the dow, s&p down more than 2%. nasdaq down about 4%, seeing the biggest three-day decline since march. it looks like right here at the close we're entering into correction territory on that one. it has been down more than 462 points. to be down 10% from its record close. that it hit just last week. already that number would put it in correction territory. what a monday. i'm melissa francis. connell. connell: what a monday indeed. i'm connell mcshane. well tom to "after the bell,"

everybody. we'll see how the nasdaq settles. it is just about at that level right now. look at big tech titans, microsoft, amazon, alphabet, facebook, apple, all those individual stocks down significantly today. apple down nearly 7%. apple's market cap falling below the two trillion dollar milestone as well. on top of that, it is the worst day for oil in three months, sliding to the lowest level since june. we'll cover all angles of this. fox business team coverage, blake burman at the white house, gerri willis and edward lawrence standing by with their reporting. we begin market panel, carol roth and gary kaltbaum, kaltbaum capital management a fox news contributor. let me start, gary, with the big rotation out of the big cap momentum stocks, particularly technology, the last three sessions i guess and it continued in a big way today. so where do you see all of this

going? >> well, look, the only thing more overdue than a correction in technology is if my knicks win the. [banba championship. we had a magnificent run in tech. i called for a melt-up in tech for a while. big institutions, that drive the market, they went from buyers to big sellers quickly. it is continuing here. not that anything is wrong or anything changed. it is a gargantuan rally. nasdaq is up over 30% this year in the midst of a pandemic. we really do forget when things are so good corrections do happens. sometimes they go into the teens. i think you will see that here in tech. i wouldn't be surprised to see the nasdaq down near the 10,000 first before we can turn back up. connell: right. that is a quick 10% off of that high reached just last wednesday, carol. all of that happening with the calendar saying we have an

election on november 3rd. how is positioning for that playing into that. you start thinking about capital gains and start thinking about sectors that might do better under one scenario than the other? what about election positioning in the market? >> welcome to september, particularly in year a lot of concern beginning of november, we might not even know who the president is. so i think that this is one of those times when fear is spiking up. why you're seeing this rotation. in terms of positioning, i do think it is prudent to add a little bit of insurance to your portfolio, if you have not been doing so. the fear gauge right now is going crazy and the fact that we have all of this conflicting information, not a lot of really great information coming now, what we're seeing in oil, what we've heard from the fed, concerns about china, there is just a lot of concern, fear,

uncertainty in the market. so i agree with gary, you could see this going lower again before it goes higher. connell: if that's the case then, gary, how do you position yourself for that? if you're taking some facebook profits, say, for example, where does that money go? where is a sensible place to park it for now? >> all i can tell you on thursday i went from 90% invested down to 10% invested because i'm a technology guy. i saw what was coming. i know the opposite side of good in technology can be very bad. so what i simply do right now i keep score on a daily basis what names are holding up best in the worst of markets because when things turn, the names that hold up best will lead coming back up and typically it is those names that have the strongest earnings and sales growth. i have them in a bunch of software names. i have names like amazon and facebook and the like have very good numbers. even apple, not the greatest of

numbers but for their size some pretty darn good stuff but right now you have just to recognize that sellers have the upper hand. these stocks got so overowned and overleveraged right now. that is why you're seeing a little sharper downside than the norm. my other worry though right now is financials are, never really got going, they're starting to gag too. i think this is a correction that will have some teeth at least into september. we'll reevaluate in a few weeks. >> connell, if i can add on the technology front there was that unmasking so to speak of the nasdaq whale as softbank going in and buying not only large technology positions but significant amount of options. there is a lot of fear from professional investors that the unwind of that trade could have a big impact on the market. so just in terms of it needing to take a breather, i think that is one of the big catalysts. once that gets out of the market, that is when you also can see a turnaround.

melissa: yeah. that is a great point without question. meanwhile no spark. tesla plunging, closing down more than 20% after not being included among the companies joining the s&p 500 on friday. gary, i mean the stock had been on a tear, was up something like 400% year-to-date but at the same time, you know with four, i believe it was consecutive quarters of profitability, there were those who thought that it would become part of the nasdaq, of the index. what are your thoughts? >> tesla's stock went up 50% on the announcement of the stock split. there is no way that can continue up. so this is the comeuppance. also you know, the larger the split, not that the greatest characteristic of a continuing bull market in there. so again all the most famous, greatest names that could overown are now will stay under pressure for a while. and it will be my job to sit

back to wait and see where buyers finally get the upper hand. i can tell you we're not near there yet. i suspect there will be some more -- just remember a lot of these stocks are margined heavily. margin has to come off first before that occurs. i can't say it enough. these things had monsterous move. the old line about trees growing to the sky, they can get to the sky but eventually they come back down. that is all you're seeing right here. don't be the last one in. let them come down. you find them cheaper. melissa: carol i think i said nasdaq. i had nasdaq on the brain, i meant the s&p. you know what i meant. what do you think about this move, do you think this stock is grossly overvalued where it is? >> i think this is a cult of personality stock. while i applaud tesla for doing the things that it has done, we all left it for dead, not too long ago and it has come roaring

back, it is really all about elon musk. unfortunately from a governance standpoint, that is not necessarily a great thing. i think that is part of why the s&p committee decided to leave it out and it is not just the type of stock i like to own. i think it is too impossible to value. there are a lot of fan investors so to speak. they are investing in it because they believe specifically in elon musk. i just think he is too much of a wild card for it to be a meaningful investment for something like me who is more of a long term investor instead of a trader. melissa: i completely agree with you. that is why i think they left it out as well. interesting to see how those things work. carol and gary, thanks to both of you guys. connell. connell: all right, president trump on the move, melissa. the president just wrapping up in florida this hour. now he will head to north carolina. he has a campaign event in that key swing state this evening that is the backdrop as we bring in blake burman live at the white house with more on the

president. blake. reporter: connell, rarely does a election go by in state of florida where issue of offshore oil drilling doesn't become a front and center in that state. president trump made it very clear, extended moratorium on the west coast of florida and also expanding it to florida's east coast along with the coastlines of florida and georgia. the president contending it will not impact his desire to have the country energy independent. watch. >> thanks to my administration's pro-american energy policy we can take this step, the next step, remaining the number one producer of oil and natural gas anywhere in the world. we're the largest producer now in the world by far. we're number one in the world. we are energy independent. reporter: president trump off to the swing state of north carolina.

he will give a speech there later today. back here in washington senate majority leader mitch mcconnell released what is being described as a skinny relief bill which his office says is roughly $300 billion. it calls for just to name a few things, that 300-dollar federal unemployment benefit through the end of the year. ppp loans up to two billion dollars for the hardest hit businesses. 50, 105, rather, billion dollar education stabilization fund. now democrats say lower, the price tag, republicans initially came out with a one trillion dollar plan. now it is 300 billion. democrats say lowering that price tag is a nonstarter, absolute nonstarter. i just heard back from a white house official, melissa and connell, who described this to me as a serious targeted proposal. at least for the moment the white house is standing behind what mitch mcconnell put forward. back to you. connell: all right. more on that a little bit later in the hour.

blake, thank you. melissa. melissa: here now to discuss is james freeman from the "wall street journal." he is assistant editor of the editorial page. he is also a fox news contributor. james, thank you so much for joining me. what do you think of how much the gap has closed in florida? you know that would imply that we think the polls are accurate or at least that the trend is accurate. i don't know how you feel about that. if you have anymore faith in them now than we did a month ago what do you think? >> certainly a tight race. i think the trump team has got to be excited about that new nbc marist poll showing the race tied, with trump with an edge among latino voters. you mentioned he likes to stress the economy wherever he goes. he is trying in his florida trip, especially. i think we'll hear it at other places to talk about conservation versus environmentalism which is increasingly defined by joe biden and others as really making big changes to the

economy, phasing out fossil fuels. the president is talking about, sort of air and water issues maybe closer to home. cleaning up the everglades. maintaining national parks, this sort of thing. we'll see if that sings to that voters. melissa: yeah. i mean i thought that was interesting as well. does it, do you feel like the research and the vibe and everything supports, it must, otherwise i don't know why he would be out doing it and saying it right now? is it surprising to you that is what the audience wants to hear. it is a moratorium on drilling, when we continued to talk about how important drilling is, but leaning towards fracking and also talking about they have had a huge problem with red tide and those other issues along the florida coast. certainly that is a huge part of everyone's property value and livelihood and the tourist industry and all of that kind of stuff? >> well i think he is trying to

strike a balance. we talked about on this program how a lot of times when you poll people on environmental issues, particularly the climate, they express a great deal of sympathy with doing something about it, but not so much enthusiasm about spending tons of money. i think this is part of the strategy. the president obviously had a lot of success in terms of limiting regulation, putting in reforms to allow economic growth but i think he also wants people to nope that he is not talking about just, sort of no rules environment where they can't depend on clean air and clean water. i think that is what he is trying to do here. he will also talk about a bill he signed last month to dedicate some of the royalties the federal government collects from energy, oil and gas development to improving national parks. a lot of the maintenance that has been ignored for years and years. this of all years, people are heading out camping a lot more.

i think that might resonate with some people. melissa: no, yeah, that is a great point. real quick before we run out of time, there is a lot of talk today about the president putting money into his own campaign. this idea that he has spent a ton during the coronavirus. he says to battle back against the lies that democrats are telling. at the same time, you can't change the channel or go anywhere without seeing a joe biden ad. they're pretty compelling. a bunch of the ones i see have him looking directly into the camera. my son walked by the tv what are they showing? he thought it was a speech. the way they shot it, it doesn't feel like an ad. he is doing better job than he might normally reading prompter, talking off-the-cuff perhaps. is this an effective campaign? do you think it will make a difference? >> i don't know. the money raised by joe biden has been impressive, that is for sure. the president told reporters today before leaving for florida

that he is going to spend whatever it takes to win. he says this is the most important election in years or maybe ever but -- melissa: ever. >> i wonder how much paid advertising really matters to a, in an environment like this where you have so much media that is hostile to the president, i'm not sure buying the additional hostile messages on some other cable networks is really going to move the needle but the president says he is ready to match biden on the spending. melissa: well, far be it from me to criticize television ads that pay my salary. so i will leave it there. thank you so much. don't bite the hand that feeds you man. connell? connell: yeah, that's right. where the bread is buttered. the race for the vaccine up next. drugmakers bracing for late-stage testing results as the u.s. hopes to have a vaccine

by the end of the year. dr. lloyd minor will join us from stanford. we'll talk about the timeline and the path forward. that's next. taking a stand, new york city politicians joining eateries suing governor cuomo and mayor de blasio. they would love to reopen indoor dining in the city. we'll talk to one of the politicians working on that later in the hour. looking to pay less, more college students call for a discount as classes transition from in american to online. stick around. hlists. and you can even see how your predictions might affect the value of the stocks you're interested in. now this is what i'm talking about. yeah, it'll free up more time for your... uh, true crime shows? british baking competitions. hm. didn't peg you for a crumpet guy. focus on what matters to you with thinkorswim. ♪

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♪ connell: back with a "fox business alert." apple filing a counterlawsuit in the legal battle with "fortnite" creator epic games, seeking unknown amount of damages for the gaming company's alleged breach of contract. melissa. melissa: a dose of help. u.s. health experts are waiting to find out if the company can have a safe and effective vaccine by the end of the year, maybe sooner. our own edward lawrence is live in washington with details. edward? reporter: melissa, two companies have publicly said they will have enough date to submit for approval of the vaccine in october. talking about astrazeneca and biontech.

moderna will not be far behind. all three vaccine makers in phase three trials around the globe. president trump making sure that voters know that. >> we've done a great job with covid. we've done a great job with the china virus a great job. whether it is ventilators or whether it is vaccines which you will be seeing very soon or therapeutics, we've done a great job. reporter: an to justify early approval, nine vaccine makers signed a pledge that they will follow guide loons established from the regulatory agencies from the fda. the guidelines some on the screen. using diverse clinical group. people in trials will not know if they're getting a vaccine or placebo. over the weekend senator kamala harris said she would not trust president trump on the vaccine. vice president joe biden says sometimes the president gets the facts wrong, that it fosters doubts in people's mind about the safety of vaccine.

today dr. anthony fauci saying unlikely but possible we could see a vaccine in october. hhs administrator alex azar says they're filing the science. >> what do we know? we think it is credible that weville tens of millions of doses in the fda gold standard vaccine by the end year. we will get data when clinical end points are met. reporter: the cdc is reasking states to relax regulations to have distribution centers in every state that could possibly get ready for november 1st. they want them to be operational. there are hundreds of thousands of doses already on the shelves that have been made through help by the federal government. back to you, melissa. melissa: edward, thank you. connell? connell: all right, dr. lloyd minor is with us now. dr. minor the dean at the stanford school of medicine. we've had so many of these discussions over the last couple weeks about timing, whether the

vaccine is ready to go in october. dr. fauci saying unlikely before the election. others say it will be here by the end of the year. what should we takeaway in terms of just in regular person looking at the odds of a vaccine and when it might come out? when should we be realistically expecting do you think? >> i think realistically it is unlikely a vaccine will be available for wide distribution in october. now by the end of the calendar year i think there is reason to be optimistic. i think we have to emphasize that the regulatory bodies, the fda, the cdc, have put in place some very careful guidelines that have been seasoned and tested for many other vaccines and therapeutics. we need to make sure those guidelines are followed, which is the purpose of a phase three trial and the submission of data for review. if those guidelines are followed, then i feel confident when a vaccine is ultimately released that it will be safe and effective and it should be

used widely in the country. connell: do you have any reason to believe that the guidelines wouldn't be followed and is stanford participating in any of these vaccine trials? >> i have no reason to believe that the guidelines would not be followed. certainly it is important to emphasize the importance of those guide lines. yes, we had stanford are participating in two of the trials thus far, the janssen, johnson & johnson trial and also the novavax trial. and enrollment for us in those trials will begin in september or october and we're also looking at other trials that we could participate in as well. it's important that as was emphasized on the report just previously that diverse populations be tested with the vaccines because that way we'll know for what groups each vaccine is the most effective that will guide then ultimately the distribution of the vaccines when they are approved by the fda. connell: now there are different

types of vaccines, right, that different companies, whether it be johnson & johnson and moderna down the list? is there anything we should know about the types of vaccines being tested, how they relate to normal vaccines we take for other viruses or diseases and whether that should make someone more likely to be accepting this time? because at the end of it, will be a big part, right? buy-in from the public? whether or not they're willing to go out and get the vaccine? >> absolutely. the buy-in and the trust of the public will be critically important. that is why emphasizing the guidelines put in place, having our federal officials speak to those guidelines and assure all of us that they will be followed and making sure that the data is transparent. that experts from around the country have the opportunity to review the data being submitted by the pharmaceutical companies. there are a lot of different approaches to vaccine development that are being deployed for covid-19. that's a good thing.

we're not reliant just on, we're not relying just on one method or one approach. in particular it is important to note that some of the vaccines, the moderna, the pfizer vaccine, because they represent a new approach, they're using genetic material, rna, those vaccines have to be kept cold. so what the cdc recommended last week of setting up a distribution system is a smart thing to do because we'll have to have what is called a cold chain to be able to safely get those vaccines where they need to be. connell: all right. that is an interesting component of it all. we'll watch that and everything else, dr. minor, good to have you on again. thank you, we'll check back in as the process continues. melissa. melissa: great stuff. rescue efforts are underway in california as weather conditions fueled new wildfires across the state, forcing thousands from their homes, leaving many others without power. the state also hit a grim

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♪. melissa: northwestern university in illinois deciding to reverse course, keeping first and second-year students off campus after the school reported its highest weekly number of confirmed covid-19 cases. administrators deciding to give the students a break on tuition. grady trimble is live in evanston, illinois with more. grady. reporter: melissa, those freshmen and sophomores will take all online classes. because of that as you said the university is offering them a break in tuition. northwestern is reducing the tuition for the fall quarter by 10%. that likely only amounts to a couple thousand dollars for most

students but it is still quite a bit more than many colleges are doing which is charging the full amount for a virtual education. northwestern made this decision to keep underclass men off campus and out of dorms just days before they were set to move in. the university is also keeping sorority and fraternity houses closed. they're doing so to have more space to quarantine the upper class man if it comes down to that. administrators rough wags cases rise on other campuses across the country. other big 10 schools like the university of wisconsin are restricting what students can do on campus to essentially going to class and getting food. the university saying in a statement, we've reached the point where we need to quickly flatten the curve of infection or we will lose the opportunity to have campus open to students this semester. and elsewhere, west virginia university announced that it is going all online through september 25th as cases rise at that campus and the officials

there are blaming it once again on parties. melissa? melissa: well, there you go. grady, thank you. connell? connell: all right. we have a pair of new york city politicians who are demanding action joining in with restaurant owners a lawsuit against governor andrew cuomo and mayor bill de blasio over the ban in place on indoor dining in new york city. we'll talk to one of them coming up next. plus setting the stage for a showdown. senate majority leader mitch mcconnell revealing plans for a vote on his party's economic recovery plan. we have new information on that coming up. we also have a real life willy wonka. the founder of jelly belly launching a series of gold ticket treasure hunts in secret locations across the country, before his retirement. thousands of dollars are up for grabs. the big winner walks away with keys to their own candy factory.

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months, the largest three-day loss in three months for the dow and s&p 500. melissa. melissa: a pair of new york city politicians joining forces with restaurants to demand indoor dining resume at half capacity. the group filing a lawsuit against governor andrew cuomo and mayor bill de blasio that says they are acting in an arbitrary manner, no kidding, by keeping indoor dining closed and they want a judge to intervene. with me is one of those politicians, republican state assembly woman, nicole maletakis. she is currently a candidate for u.s. congress. thanks for joining us. this isn't just a new york issue. this is what we've seen across the country with a local government saying they will follow the science and ignoring the science. we have been down below a 1% infection rate for a month now, and there is no timeline whatsoever when they will open indoor dining.

it is crippling the local small business owners, the working poor. people who work in restaurants for minimum wage and delivery guys, all of it, it is crippling the restaurant industry. do you think you have a chance of fighting back? >> we absolutely do and today we were joined by restaurants that have had enough. they have met the metrics, we as a city have met the metrics set by governor cuomo, yet we're the only municipality in the state of new york that is not allowed to have any form of indoor dining. as you mentioned there have been 30 straight days, less than 1%. we actually have a lower positive of cases in terms of testing than other municipalities in the state that are open but because we have a mayor who is saying that, dining is somehow just for the affluent in his personal beliefs, not scientific or not the metrics,

we are not allowed to open like the rest of the state. i would like to point out that 200,000 individuals who rely on the hospitality industry here in new york for jobs, to support their families, to put food on the table for their families. that is who the mayor and the governor are truly hurting in addition to those hard-working proprietors that put their blood, sweat and tears into their restaurants. melissa: it is really hard to understand why they're doing this and if you look at a comment from the governor he says it is better to have people unhappy than sick, which just seems to be totally out of touch with what's going on. you have the mayor as you said saying that indoor dining is about upper middle class and upper class people, was the comment he made which is completely insane because what it is about people trying to work in the restaurants and the people who own those restaurants and have their entire lives tied

up in them, makes me wonder what do you think is behind their unwillingness to reopen inside restaurants? because they don't have the science on their side and they're really angering their constituents. i wonder, is it about politics? is it about wanting to the keep the city shut? do they just not -- is it about power? do they not realize there will be nobody left in the city to pay taxes any longer and the entire city is crippled? what do you think motivates them honestly? >> most of the people i speak to believe it is about control, it is about dictating what they think is best for this population. again there is no science behind it. in fact we meet the metrics set by the governor. we have better metrics actually than some municipalities around the state that are open. this is about mayor de blasio and governor cuomo wanting to keep new york city shut down for

their own personal reasons. look, we know, we all want to be safe. we want to make sure we're doing this wisely. that we are taking precautions. we know so much more about this virus than we did six months ago and we know how to take steps to be safe. i think this is about trusting your constituents, trusting new yorkers, that they want to do what is in their best interest of their restaurants, of themselves, of their patrons, of their employees but we can't continue to just shut down this entire industry because you can just go to the neighboring municipality. whether that be new jersey or whether that be long island and dine indoors. meanwhile new york city where we have such a vibrant restaurant industry is being shut down. this should concern people all around the country. new york city serves as an economic engine for the rest of the country. if our economy tanks it will be detrimental to the entire nation. melissa: we ourselves went to new jersey this weekend to dine

inside, there were so many people out, in the malls there were literally thousands of people right next to each other. those industries are thriving. those people might be putting themselves in danger and the city is a ghost town. it is totally bizarre. nicole, thank you so much. we appreciate your time. good luck to you. connell. connell: we have a story coming up on high-tech sanitation. it is the latest trend that could help businesses get up to full capacity. we're testing it out today. stay for that up next 'cause you're not like everybody else. that's why liberty mutual customizes your car insurance, so you only pay for what you need. what? oh, i said... uh, this is my floor. nooo! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪

♪. melissa: the next generation of disinfectant technology. sanitation booths containing high-tech protection could be the answer for safely returning to crowded public spaces. let's go to jeff flock who is live in vernon hills, illinois, with the details. jeff. reporter: and live inside one of these booths right now. i am getting three different forms of virus kill right now. this is a disinfectant coming down. over my head there is ozone coming down. then there is ultraviolet light. not dangerous ultraviolet light. what they call far uvc. essentially a light that kills the virus but doesn't hurt you.

talking to experts and folks that developed this today, one of them from the u.a.e., a doctor who says this could be a true game-changer. the u.a.e. by the way, already buying 20 of these units in use over there right now. listen. >> this is a can be utilized in public places like airports, schools, malls, everywhere you can use it, to protect the environment and protecting the air and not to allow the virus to get in anywhere. reporter: we have been talking to the folks that developed this all day. they are getting calls and a lot of interest in this, perhaps, in some way, melissa, something that gives you an added layer of protection, if you can in what a dangerous times these days. melissa: very cool technology, jeff. thank you for that. connell. connell: it is very cool. we transition from that to the stimulus talks over on capitol hill. we actually had some news out of

the hill today with senate republicans revealing a roughly 300 billion-dollar relief package. bring our man in on capitol hill. fox's chad pergram joins us now. we have the bill. we'll see where it goes, chad. you have a feeling it is a dog-and-pony show that is going nowhere fast. take us through it if you can. >> democrats are calling this a show vote. this will be a procedural vote. it is problem hi not going anywhere anytime soon, simply because republicans in the senate struggled all summer long to coalesce any sort of bill they could get 51 senators who could vote yes. if they had the votes this summer they would have taken the vote. here is white house chief of staff mark meadows. >> i know as late as 9:00 last night i was on the phone with a couple of senators as well as senate leadership to make sure that we put forth a bill coming out of the senate at least provides a foundation for getting an agreement. i can tell you that there is

more than we agree upon than what we disagree upon. >> pay close attention to exactly what senate majority leader mitch mcconnell says. he says quote, i will move immediately today to set up a floor vote this week. he didn't say a final vote. this is a procedural vote which needs 60 aice. mcconnell has not been able to get 51 republican senators to support a final bill. mcconnell doesn't need a senate republicans. he can blame democrats. democrats will likely oppose a slimmed down bill. >> maybe they will bring back their goldilocks act, say our multi-hundred billion dollar proposal is too small, or too skinny, eastern though democrats passed a piecemeal bill for the postal service. connell: so that is mcconnell, chad. it is interesting to see how all these things work. interesting is the right word. mcconnell setting things up

there. to blame democrats. what do the democrats for their part saying about all of this today? >> that's right. they're saying it is too narrow. that there is not enough for schools, education, food aid. here is democrat vermont senator patrick leahy. >> senator mcconnell put a so-called skinny bill before the senate. take it or leave it. no amendments, no debate. this proposal isn't skinny it is anemic. why are they afraid to vote? reporter: there will be this procedural vote on thursday but democrats in the senate indicate they still think the best bill is the 3 trillion-dollar bill that the house of representatives moved backs in may. connell? connell: ask you one more thing, chad. we've been talking about everything with kind of backdrop of november 3rd there, usually referring to the presidential election but many of these senators have tough re-election fights as well.

how does that play into it on the republican side, how they set themselves up and ultimately how they vote. reporter: that is key. part of this vote on thursday, this is really designed for republican senators who face competitive re-election bids this fall. look at joni ernst in iowa, susan collins in maine. the republican leadership wants to give those republican senators something to vote for and also put pressure on moderate democratic senators like joe manchin west virginia senator, to vote yes or doug jones, he is the most vulnerable democrat this fall for re-election. put pressure, can you vote for this bill, get them on the record. that is what this is really about thursday. connell: doug jones seat is big one, that republicans are targeting thinking they can take it back to their side. always good to see you, chad pergram on capitol hill. melissa. melissa: near earth approach, an asteroid wider than two

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♪ ♪ connell: stopping evictions to stop the spread in well, the centers for disease control is banning most evictions through the end of the year to further prevent the spread of covid-19. and it's leaving landlords on the hook. gerri willis with more on that story today. >> reporter: hey, that's right, connell. so the cdc out with a highly controversial proposal, actually an order that, essentially, they're going to put in place an eviction ban that will stop or slow the spread of covid-19. here's the language from the order, housing stability, they say, helps protect public health

because homelessness increases the likely hood of individuals moving into congregant settings such as homeless shelters which puts individuals at higher risk to covid-19. now, to qualify for what is not rent forgiveness, but a delay this having to pay rent, single renters must earn $99,000 or less and couples $199,000 or less. unlike the cares ban on evictions which applied to 25% of the whole, this applies to 30-40 million americans, so a lot. but tim road, a former fannie mae executive, says the policy leaves a lot to be desured. >> it doesn't do anything to forgive rent, and it places a burden on the backs of landlords who don't have any relief. >> reporter: so far from being deep-pocketed investors, 50%,

half of landlords are mom and pop operators. the national multi-family housing council says this: an eviction moratorium will ultimately harm the people it aims to help, but making it impossible for small owners to meet their financial obligations and continue to provide shelter to their residents. and guess what? renters, too, have objections, saying the moratorium which will be in place, as you said, for 120 days, will likely kick the can down the road because by the time the end of that period comes, renters won't be able to make the payments they have to. finally, connell, i think that down the road you will see legal challenges to this because already people are saying the cdc has overstepped its legal mandate. connell: hmm. really interesting angle to watch on all of this. gerri, thank you. gerri willis with the reporting there. as we wrap up our hour, again, the big story the market selloff, the dow down 632

points. but it was the nasdaq, now three days in a row, the worst three days since march, down by another 4% portfolio we'll see where we go tomorrow. we thank you for joining us today. that does it for us, and it's time for "lou dobbs tonight" that starts right now. ♪ lou: good evening, everybody. we are 56 days from the historic, critical presidential election on november 3rd. and the radical dems are escalating the intensity of their coordinated attacks against president trump each and every day. their latest efforts to undercut the president rolled out through their propagandists throughout the left-wing national media. the left-wing magazine, "the atlantic," and its editor-in-chief, jeffrey goldberg, using four anonymous sources. well, they're trying to propel more radical dem lies about