>> check that your morning mover that is tiffany the stock-taking hit after lbmh said is pouring out of the 16 billion takeover of tiffany, started litigation and the stock down 10%. thank you dagen mcdowell and maddie, we will see everybody tomorrow, have a great day i hope you can see the day, "varney & company" begins right now. ashley webster taken away. ashley: good morning maria good morning, everybody, stuart is out today but i promise to be back tomorrow, i'm ashley webster and here's the big stories we are following today. futures pointing to a rebound this morning as you can see the dow, s&p and the nasdaq that has been a correction territory in just three days of trading, as you can see the green on the

screen completely different from yesterday and will call it a modest rebound but it was the big tech stocks that fueled the selloff in today though stocks also seen a modest rebound, certainly not recovering the losses they've seen over the last three days but nevertheless they are back in the green. take a look at tesla, that stock has lost around one third of its value in just one week. but look at it go today up nearly 7% and by the way we'll talk to the former vice president of tesla coming up in this hour. also tesla rival nikola solid spike after announcing the partnership with gm and come up will talk to the company ceo about the electric vehicle market in the fierce and growing competition. meanwhile talking about competition in the race for the white house joe biden traveling to battleground states michigan to tout his new made in america plan, this ahead of the president's visit tomorrow and this morning by the way president trump nominated for a nobel peace prize by a member of the norwegian parliament

crediting is really you aep steel. meanwhile senate republicans introducing a $300 billion stimulus plan, a vote expected sometime this week but some say that plan already doomed. anyway nothing doomed about the show, get ready for jampacked show, "varney & company" starts right now. ♪. ashley: nowhere else to start but with the nasdaq smack in the middle of the quickest drop into correction territory and history, three days i believe it was, let's bring in market watcher cher gilani, has the tech bubble finally burst or is this just much needed consolidation, what do you say. >> good morning, i think the jury is out on whether or not

the tech has bubbled or not. we know the valuations i have gotten scratched and i think it was time to let out of the bubble. i think what is going to happen is going to be a test of retail, if retail investors come back in and start to buy the dip then we have a chance to go higher, they don't they sit on the sidelines and lick their loons and liked more wounds if we continue to go down and i think this rally could be over. ashley: very quickly are you gonna nibble any of the big tech stocks even though they're up there only up modestly compared to the last three days. >> not yet i'm looking for lower levels in terms of all of the majors, the benchmarks in the stock that led the market higher, if those levels get tested i might do been a little low but not today. ashley: all right holding back a little bit. thank you and stay right there. i'm going to take a look at tesla, lost around a third of its value in just about a week

but wait a second up nicely more than 7%, common susan lee what is going on with the stock. susan: bear market in a week's time, we thought yesterday was the worst day in the stock history going back to 2010 ipo down around over 20% of the bottom and down more than $80 billion in tesla market cap, think of gm and ford combine in one single day, recovery this morning but more the positioning wall street investors the actual fundamental. that means tesla is still selling the same number of cars but investors loaded up on tesla shares bedding it was a sure thing and would be included in the s&p 500. it was a surprise to wall street when tesla was snubbed on friday night for much smaller players like sc instead, investors may gotten ahead of themselves, that may be an understatement but tesla up 300% this year still worth more than $300 billion and

were trading above five split levels that we started last monday and saturday in two weeks time on september 22, pretty important because of elon musk can pull off a million dollar battery or announced a big advance in tesla longer-range battery technology that might be another callus for the stock going forward. ashley: it could indeed, quick programming note, coming up later in our will talk to peter rowlandson, former vp of tesla and also we will be talking to the chief executive of nikola and ev all-star piano for sure, don't miss that coming up later in the hour. coming up back on apple, special event the plaintiff or next week but not including one very important item. >> this would account for more than half of their sales september 15, mark that on your calendar, not the iphone launch but social media went wild when it had a day with

apple advance and people got really excited they get that might be the launch of the new 5g iphone, we will have to wait a little bit longer till next month for the 5g handsets but apple is expected to announce a new apple watch with more health features including better sleep tracking, and ipad air that looks like an ipad pro from edge to edge and other products individual launch event and blooper has reported that is preparing to launch a services bundle called apple one, music, tv, cloud offer one price a month for the entire family and for apple shares themselves, apple has lost over $300 billion in value the past three days. they go shedding tesla or nvidia and just three sessions but apple still worth $3 trillion and you still make 50% in a pandemic and still the most influential single stock and s&p 500 in 40 years predict go back to 1980 and when apple goes up or down to hit the broader market along with it. for the iphone itself we're

switching 5g iphones next month before new 5g iphones with three sizes. ashley: that is when people are waiting for. thank you very much. let's bring back and shot gilani, let's just talk about what susan is talking about, what about apple closing around 112 today and premarket up 116 you say you will that these stocks play out a little bit but are you getting more tempted with apple? >> i do like apple and am looking for stock to get back into apple but i'm just not sure, that the selling is done. it is rather were engine abrupt and the buildup of august and volatility measured in telling us that something's going on underneath the surface and we now know it was a big call buyer out there and i think it's for the market. now going into the election for the rest of the fall were going

to have to take a look at the hard logistics of what we done. i love apple but i don't believe were done with the selling yet. i like apple, it's been lowered, tesla's farzad goes, that's a bubble ready to burst in the bloom is there for good. ashley: i was gonna follow up with tesla but i think you just answered that. i know you spoke with stu in the past and you believe it's a bubble and you believe it's burst but it's a difficult stock to get a handle on but anyway we will continue to follow because it's fascinating. thank you very much for your input this morning. moving on to the latest on the vaccine front. astrazeneca right at the top your screen as you can see down 2% this morning to get a bit of a hit after the company announced a routine pause in their trial because adverse reaction and one of the participants in the late stage trial. fisa ceo says their best case

scenario for approval would come at the end of october, a good time to bring back doctor marc siegel our medical contributor. doctor, hello can you hear me? i heard him say are you kidding me, we are kidding you. were going to bring you in right now. we will come back to him when he is back online. we will just leave it right there, isn't this great my television doesn't make it so exciting. we'll get back to the housing market and will bring docs to go back and when he gets back. christina joins us right now, you got the latest read on mortgage applications is that right? >> we just lost christina as well. i would got doc back these are the moments that you treasure and television news because you can sit here and realize that

everything is not working as it should because sometimes happens in life. doctor marc siegel can you hear me? >> yes i hear you. ashley: [laughter] a magical yes. let's get the latest on the vaccine and applause announced by astrazeneca but we have no idea why, it could be reaction to the vaccine or reaction to the placebo or something completely else, this is a routine pause and we should not read too much into it. is that correct? >> yes, obviously astrazeneca took a big hit this morning and the other vaccines in the works are seen increases in their companies and i'll talk about that in a minute. this is in reality, when you study 30000 in phase three trials, you will see somebody along the line have a problem, they don't even know if the problem is linked to the vaccine yet. they're studying a lot of people

over the age of 70, a lot of complications, what this does job a lot of politics is been involved lately. this shows how carefully we study vaccines. they put the vaccine trial on pause while they study the person to see if the side effect is related to the vaccine or n not, it may have nothing to do with it, may be a coincidence and then they would resume. this is how carefully the science is done. ashley: we know there are other companies of course working on this, women during a calm pfizer, biontech, is unlikely in your opinion that we will see a vaccine before the election? >> i think the ceo of pfizer said it best yesterday, he said pfizer biontech vaccine, there is about a 60% chance that they will have their data ready in october and they have 24000 people in the trial, that's a lot they need 30000, he think there's a 60% chance the data

will emerge in october, then if the data emerges and it looks really good it is still a stretch that it would then be ready to send out to market by november 3. i would say it's pretty unlikely that you will see anything by election day but it's quite possible even probable that you will start seeing something in the weeks leading up. ashley: not that far off. thank you so much for joining us, so glad we could get to finally connected. we appreciate it. let's take a quick look at the features before we head to the break, we can tell you the features are moving slightly higher again not really be covering everything that we've lost in the last three sessions but at least her heading in the right direction and seen some gains today. a new poll reveals president trump and joe biden are in the dead heat in the battleground state of florida, we will discuss the battle for the crucial swing states and meantime former san francisco

49ers quarterback colin kaepernick meal for the national anthem and even wore socks and is making his way back onto the football field. but it is not with the nfl. we will explain. now past labor day all eyes are turning to holiday shopping. my next guest is 2020 will be like none other. keep it right here on "varney & company". ♪ ♪ hey, can i... hold on one second... sure. 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.

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sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business. ashley: the details of senate majority leader mitch mcconnell viral release package has been

revealed $300 billion no new stimulus checks. the democrats are up in arms after no new funding for state and local governments. perhaps the stalemate goes on. blake burman is with us, when can we expect the boat on this plan? >> the procedural process is underway in the senate will pick it up in the upcoming days but you are right no state and local funding, no direct check in part why this is absolutely no work if it gets passed by the senate or get kicked over to the house as well, let me dig through the details for you as to what mitch mcconnell put forth, $300 billion, an extension of unemployment insurance benefits to the end of the year and the federal plus up $300, would also call for an extension of the ppp loan program for the hardest hit businesses and loans of up to $2,000,000.105 billion going towards schools and $10 billion for the u.s. postal service, there is a lot of reasons why

this is probably going to go nowhere. we just went over theo. keep in mind democrats brought their number down from three and half trillion to a trillion less than that, the white house has been signaling they would be supportive of a $1.3 trillion plan, what the senate just did was take and eraser to the one input .3 trillion, their miles apart from democrats and there's even a big gap as to what the white house said. ashley: a huge abyss between those two amounts. thank you very much, now were gonna change to something different. labor day is in the books as we know, retailers have turned their sights on the holidays, not that far away and were only in early september, let's bring up top retail guy, joe, great to see you. we know the virus has affected the way that we shop but now how

is it going to be different this year, a lot more online and a lot less in the stores i presu presume. >> you are right about that, there's a lot of factors, stimulus questions, what's going to happen there, the virus has equity plan, the election in normal you will send retailers into pandemonium and the possibility and right before christmas, a lot is going on. i'm going to tell you what's going to happen, first of all is going to be a strong christmas, the consumer has a lot of momentum and that's going to carry in the fall. second as you say it will be heavily online and third it will be early, amazon is starting in october with prime day and every other retailer cannot win amazon so the gonna start at the same time and that will be a kicked off the holiday season and there's no way black friday will be like it used to be, it will be masked friday people are not going to waiting crowds.

fourth it'll be heavy hard-line electronics christmas. no one is buying apparel, jewelry, the normal christmas gift, it doesn't make any sense in this environment. while there may be a vaccine announced a euphoria christmas present tree, you still would have a shot in the arm, you will be happy and spend money and be thankful and you will be inside. ashley: guess what gerald, were short and start to the point as always, electronics and home goods and winners and as for apparel, forget it. thank you very much, we really appreciate your time. here's a retail pandemic winner for you, shopify, christina, hopefully she can hear us and see us. that stock has tripled since the march lows, what are they doing right.

>> everybody needs an e-commerce platform, were all buying things online and small businesses across the country that are using shopify, their sales in a more specifically e-commerce sales surge 37% to 200 billion in the past quarter, shopify makes it simple and helps you build your e-commerce platform, i've been reporting the company for a long time because the canadian and been around for 15 years and like you mentioned the stock is searched just over the past year especially within the past few months, they are to have 1 million merchants that use the website and even kylie cosmetics use shopify to build her e-commerce platform and if you're wondering about the future of shopify in other you should get in, there is a recent census of the united states and it shows in august 36% of small business owner respondents still do not have an online platform to sell their good. but there's still a potential market, the market cap

$110.3 billion as well beyond best buy as well as ebay which is about 36 billion. shopify benefiting from the pandemic. ashley: christina the canadian connection coming through again. thank you very much. were gonna take a break now and have the opening bell, the futures currently the height of the session, we'll be right back. ♪ this is decision tech.

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ashley: welcome back let's take a look at the features one more time, session premarket high, the dow up 244 points, the s&p up for the 1% and the nasdaq up 2%, these are modest rebounds considering the selloff in the last three days. let's bring in market watcher greg smith evolution bc partner. greg you said last month was a dip market and now you say it's a raleigh market, did i get that

right and explain. >> good morning, i joined stuart two weeks ago with my unpopular views of profit-taking, we saw a strong rally in august and it felt like a complete by the dip type of environment and a question did the music died last thursday. in the last few days it's certainly been a cell rally type of environment. ashley: sorry, are you tempted and jumping and all the big tech names in it in your opinion other becoming more reasonable? >> i think the fundamentals remain very strong i am not a panic seller, i probably added to names in the last few days which is peloton and etf, i'm not panicked out the long-term secular trends for big tech remain intact and great balance sheet and a massive shift to work at home and everywhere, shop from everywhere. i would not be scared from the

activity in the last few days but august was a bit scary, felt like a game of musical chairs, i'm gonna call august the spring time for hitler market instead of little old ladies writing checks, we thought we had robin hood and team powell propping up the market but last thursday we woke up to found out it was the japanese. ashley: why do you like peloton is not because they're coming out with a cheaper version of their equipment? >> peloton has a massive untapped market opportunity and it's a great play on what's happening in keeping people at home and people want to go to the gyms and they need to work out and peloton is giving them the opportunity to do it at home and did the ultimate connected fitness company. i think they will continue to benefit and attract high-end and lower in users with their new products and i think it'll be an interesting company to watch, i continue to have a personal vice target on peloton of 150, i think it's a great company.

ashley: thank you so much for joining us. evolution bc partners, interesting stuff as always. were heading towards open on wall street, seconds away we have some gains as you all know the selloff of thursday, friday and yesterday crossed the market especially on the nasdaq and the big tech stocks same here we go, the market check as you can see out of the gate, up 250 points on the dow, a lot of green, coca-cola the one in the red some have not begun trading yet but overall the vast majority of the dow 30 moving higher today and walgreens slightly lower but as you can see the trend is up today after all the red we saw yesterday, take a look at the other markets for you, the nasdaq in the bottom right of 207 points, up nearly 7% and is

the hud the way to go to recoup the losses, s&p up one another percent, the s&p at 3376 and the nasdaq at 11053 in yesterday's session and drop below the 11000 level. we are also showing you tesla, this is the nasdaq up again 2%, a slight rebound and i'll put it that way on the big tech stocks talking of tesla, of seven another percent. susan what else you have on tesla, a wild day yesterday the stock losing 21%. susan: the smart timing of the 5 billion-dollar stock sales last week and at its peak, that is relieving for investors of tesla cashed up unlike years past, what about the short-sellers, they finally got a pay day that they long tote for the tesla stock drop, they made over $7 billion so far into

september and by the way that does not include yesterday's historic 22% selloff which left tesla down 30% in the past week or so and bear market territory and a handful of sessions, we know tesla is the most shorted stock on the planet, more than $24 billion in betting as of friday against the stock and as much as the most shorted stock which is apple but buying tesla you made early 70% alone in the month of august, not bad in making good returns, you have to give up half but that is still good. ashley: still very good indeed, let's keep perspective, thank you susan a quick check on the airlines if we can, some in the green today, we have seen some money come out of big tech stocks going into the cyclical stocks which are more sensitive to the economy. christina come back and, we did see a bump if you like in the amount of people traveling over labor day.

>> if you're talking about the numbers 3.3 million travel travs pass through tsa checkpoint. put that into perspective july 4 weekend was only about 2.68 million. every single month we are seeing increases in the number of travelers into reasons why you see the airlines up, young the fact that people are showing more comfortable taking a plane and a bunch of bullish analysts putting out notes constantly, for example grab a note saying the worst is behind us and there's going to be so much more pent-up demand toward the end of 2020 so you may see an uptick and more people traveling especially right before the holidays and morgan stanley wayne in the entire industry as a whole say they still see the industry is very attractive and one caveat they did point out ual, the united airlines they have a lot of leverage and they are concerned about that but

nonetheless seen the airlines doing well including the jet etf which is a safer bet of the basket of all the airlines. ashley: still burning through a lot of cash. thank you. the bumping travel not enough to save others in the travel industry, marriott planning more layoffs. how many jobs are we talking about. susan: 173 but these jobs will be at marriott headquarters in maryland and the job cuts will be effective on october 23 this might be a start, they're expecting more rounds with travel being decimated by the covid outbreak in marriott for load over 115,000 global employees started in march extending the preload to october in the industry hotel groups has an unemployment hovering at close to 40%. that is nearly four times the national average and losses building over $46 billion up until august for the hotel industry, the marriott is losing

money and they're trying to save cash for the bottom line. ashley: not a pretty picture. thank you. christina another one for you, lulu lemon reporting earnings and they were pretty good but not good enough. why. >> not good enough because your scene, the stocks are open and down substantially well over 6% lower, you have several reasons as to why the stock is turning lower, one the fact that everybody bought it in the pandemic because were all sitting at home and wearing sweatpants and they did well from that. then you have the facts when they put the earnings report they did not give a full year forecast and a lot of retailers have been doing the same but lululemon also decided for the second quarter they're knocking to provide same-store sales, that means sales at stores that have been open for year, we don't know how the individual

stores are actually doing. and last but not least the ceo said he is cautiously optimistic about 2020 but if you're wanting direct to consumer is the trend for fashion going forward, that means online sales of 157% in the latest quarter, they're still going strong online but this comes as the entire industry has been struggling in bankruptcies and everybody's cutting out the middleman and going direct to consumers. ashley: it kinda makes sense in this environment. thank you. take a look at slack, this is a pandemic winner but kind of the same story as lululemon doing well but perhaps not well enough for investors. >> slack has grown revenue around 50% in sales of 50% for the third quarter in a row, you think that sounds great but it's really not bad and yes it was better than anticipated about forecast sales going forward not as good especially compared to runaway winners like zoom which had 300% growth in its sales in

the quarter, slack has not seen any changes in the battle against microsoft, the slack competitor, and also disclose the latest daily active user number. that had people concerned saying what are they hiding and are they going as much as they anticipated. also complaints against microsoft in europe arguing that microsoft is using its influence in the huge size by the product in the windows bundle which is uncompetitive and not fair competition. but still slackware at $24 and people are concerned that has not done much to the ipo. ashley: that is true thank you very much you are looking at police chiefs across the country who are residing or retiring look at this group, the d from the police movement spiraled out of control and some of the recent unrest is even happening in our nation suburbs which

president trump is now making a campaign issue. listen to this. >> all we want as long order and they just put out something the suburbs are coming to us because the suburbs are next, if you elected this guy, the suburbs would be overwhelmed with violence and crime. ashley: the question is can the president take away suburban voters from joe biden with his law and order messaging. we are on that story. also tesla slowly recovering after rocky few days, the question is what is going on, former tesla vp is here to react next. ♪

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ashley: welcome back the market

has been open for just about 13 minutes or thereabouts, we have green on the screen after read for the last three sessions. the dow up 1% that's a be up one and a quarter and the nasdaq that has been taken a beating up 1.6% but that is losing a little bit of steam as we get underway this morning. then nasdaq the six biggest tech stocks, the six biggest tech stocks lost a combined more than $1 trillion in value in the last three sessions. there they are there all up but modest rebound and still down over the last three and a tiny bit session if you like. let's check tesla, and the green following yesterday's big tumbled more than a 20% drop yesterday worth single day records up 8%, that helps. the stock tumbled after not being invited to join the s&p in many thought that was a big win,

did not happen, facing more competition with general motors and nikola teaming up for an electric truck, the time into bringing peter rawlinson a former vice president of tesla. it is been a rough couple of days, are you concerned with what's going on with the stock in the company questioning. >> good morning, not at all, i think the valuation of tesla reflects the position of the company that it got the world leading ev technology and i think the rise in value of the company, the issue that we've seen has reflected the market recognition that not only are they ahead of the traditional oe's in the car companies and the germans in particular but the gap is growing not closing. ashley: we talked about gm and nikola, are they going to be working on the truck, the badger that comes at the end of 2022.

concerned about the competition for tesla with gm joining the team of nikola? >> i don't see that posing a huge competition to tesla, tesla has a preeminent technology. i think that's what we need to recognize here this is the technology race, tesla recognizes that which i enter wh its enhanced technology, the car behind me is going to be unveiled later today at our world lifestream event from silicon valley. this car is going to take the technology to a whole new level again, lucid is about in-house technology and were going to benefit our customers and benefit the world ultimately with an environmentally sustainable mobility of showing you what is truly possible for electric vehicles. ashley: i was just going to get to that, you worked for lucid

motors and usace going to revolutionize the market. can you give as a preview and what's the advance in technology regard to lucid? >> i think one of the headline breakthroughs is lucid air behind us has been independently validated to have over 500-mile range, this is the last arguments against edie's. i think now and kudos to tesla, it is generally recognized that driving in ev is more rewarding experience, the car is superior technically in many ways to the gasoline, the big bumper has been ranging anxiety and by creating a artificial as this because were achieving over 500 miles not by putting huge factory packing, that is done range, what we've done is achieve range through high-technology in-house technology through efficiency,

as many miles as we can from a more modernist factory pack achieving over 500 miles, this is a landmark car in the lucid air behind me the world's first 500-mile ev. ashley: it looks beautiful, very quickly gas prices are still relatively low, big trucks are so popular in the u.s., the ford f series, how hard is it going to be to convince more people to turn to electric vehicles and the united states? >> this is her first product and it's a landmark product, has to be a technological tool to force, we are targeting the marks from germany and mercedes-benz in the nw seven series, lecture, this is her first product and you know that space in the market is dominated by the grandy marks and other products have one thing in

common, there all internal combustion powered. but this herald the beginning of a range of products that is introduced in this platform in the next vehicle will be an suv and those viewing today at 4:00 p.m. at our lifestream will get a chance to have a sneak peek at the next product. we will have a whole range of products to address these places in the market with our ten year plan. ashley: it looks gorgeous and very james bond if i may say so. peter rawlinson blue which is the best with your lucid motors and we look forward to seeing more of the product. thank you so much for joining us today. >> thank you. ashley: good time to talk about forbes out with the richest people in america, i have a feeling i know who's on top. susan: no surprise the third year in a row amazon founder jeff bezos number one slightly below $200 billion in wealth,

gates is second again, zuckerberg third, buffett covers fourth and elon musk is the seventh richest person on the planet according to forbes and larry page ran up the top nine. the 21 richest now account for more than 40% of the world's wealth. 21 people hold the world wealth. the rich keep getting richer with the forbes rich list getting 8% in wealth hitting a record high in the 40 year history, 18 newcomers this year including the surge and zoom founder 11 billion. the youngest trevor milton, 25 or kicked off with the rich list in president trump's wealth drop $600 million from this year to last so 3.1 billion in 2019 to two and half billion dollars. still not bad. ashley: not bad at all i'm still

looking for stewart's name on the list. some of sports most iconic memorabilia will be here on 11:00 o'clock hour. i would love talking it can integrate pieces of sports memorabilia. general motors and nikola are teaming up to work on the electric truck, the former vice president of tesla told us his former company is not worried and we will talk to the ceo of nikola next to respond to that. ♪ i had saved up some money and then found the home of my dreams. but my home of my dreams needed some work sofi was the first lender that even offered a personal loan. i didn't even know that was an option. the personal loan let us renovate our single family house into a multi-unit home. and i get to live in this beautiful house

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ashley: welcome back, nikola shares are down today but saw a huge spike yesterday announcing its partnership with general motors but down today 6%. a great time to bring in trevor milton the founder and executive chairman of nikola and as we just learned on the forbes list of richest people. congrats on that. but i want to talk on gm taken 11% stake in your company, how significant is that, what does it do for you? >> it's a huge deal for us at

nikola. we analyzed all around the world and try to figure out which would be the best in gm was the best one. by utilizing all their purchasing power in the battery cost that they get on the battery sales were talking over $4 billion savings just on other programs like an almost $10 billion savings in total across the board. this was a huge huge deal, they're going to manufacture nikola, they will bring it to production and that's billions in savings alone and is a perfect fit gm and nikola is a great story. ashley: are you on track as far as your truck being out there. you mentioned the badger due out at the end of 2022, is everything on schedule? >> absolutely gm is going to help us hit the timelines, the testing is more strict than ours, they've a lot more history so what the announcement would

gm, when we went public we told investors we are pre-revenue and coming up on a year and a great way for people to invest in a company if they want the gains because your pre-revenue, we told the investors, with three things you have to hit, number one will announce the largest orders and electric vehicle history and a partnership for badger and three were going to be announcing a partnership for hydrogen stations, we've done all of those, two out of the three in the first month. we beat. ashley: were out of time i'm so sorry we want to congratulate you and have you back soon. trevor and milton with nikola. the dow hitting session highs. more fox news, business contributor liz peek will be here and many others. we'll be right back.

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find a stock basedtech. on your interests or what's trending. get real-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions. fidelity. ashley: welcome back. 10:00 a.m. on the east coast. 7:00 a.m. on the west coast. i'm ashley webster in for stuart today. he will be back tomorrow, i promise. let's look at the markets right now. yeah, you don't have to adjust your screens. a lot of green after all the red in the last three sessions. dow actually at session highs this morning. nasdaq too rebounding but still in correction territory. look at the big tech stocks making what i'm calling a modest rebound this morning. some of these stocks down, 10, 11% over the last three sessions. so they are coming back. apple closing yesterday at 112. up today at 3 1/2%.

amazon, facebook, also some modest rebounds. by the way we got latest read on jolts. job turn over numbers. give us the read, susan. susan: better than expected. 6.68 million job openings in month of july. june was revised as well over to 6 million job openings. we're trying to square this when we're looking at really high unemployment rate. the jobless rate was in july at 10.2%. we have to look forward whereas numbers are backwards for the previous few months. that is going in the right direction. that is the takeaway. ashley: very good point, susan. let's bring in john lonski, chief economist of moody's analytics. that number is backward looking. still another piece i would call it ending couraging economic data. we're seeing markets hit session highs on this a positive sign,

is it not? >> yes. it tells us there is a great deal of hiring potential out there in the u.s. economy. i mean we should be seeing average monthly increases by payrolls in excess of 750 new jobs per month at least through the end of this year. ashley: that's interesting. i want to talk big picture of the economy, this is just a little piece of economic data. but we are waiting for congress, if it will ever get its act together to degree of some sort of stimulus plan. right now the democrats and republicans are so far apart on how much, who gets the money. as they debate that, time ticks away, how much damage is being done to the economy? how badly is the stimulus money needed? >> we seem to be doing quite well. in month of august, that was a decline in the unemployment

rate. that may be fact we had halt to supplemental employment insurance benefits. reduced benefits to the unemployed for some people to go ahead, to find a job. as a result of the unemployment rate dropped sharply. i think it is conceivable that there is enough forward momentum in the economy that perhaps this rescue package need not be as large as some claim it should be. you know we see jobs growth. jobs growth is telling me that businesses have an incentive to take on new employees. they can afford to take on new employees and that points towards improved orders, improved sales. better yet, when we look at the august emmoment report, we're not only looking at a sizable increase in payrolls but also a sizable increase in weekly earnings, wage and salary income is growing at a relatively rapid

pace right now. that is excluding any type of income from benefits. ashley: all right. we'll have to leave it on that optimistic note, john. we appreciate your comments. john lonski with moody analytics. thank you very much. move now to the 2020 election. the race of course between joe biden and president trump getting tighter. new nbc marist poll shows both candidates essentially tied in the key battle ground state of florida. interesting, is it not? let's bring in liz peek, fox news contributor. good friend of the show. liz, good morning to you. >> good morning. ashley: joe biden will be venturing out of the basement a little bit more. today he is in another battleground state michigan. is this because he is a little more concerned about those polls tightening? he has to get out there? >> ashley, there is no doubt that is what's driving joe out of his basement. after the conventions we see

that the basically the race tightened by about half. in particular, suburban voters began to move back towards donald trump. remember those voters went for trump in 2016 but the biden campaign has made it a high priority to get them on board and they have been with biden but after the two conventions in particular i think president trump making a very strong case that he was a president who would restore safety in their towns and cities, that race tightened. right now in the battleground states overall biden leads by less than four points and trafalgar group, which takes into account so-called shy trump voters has the race about even in all of those states. so this really is a tight race going forward. really what john lonski was just talking about with you is a big part of that. the economy is without a doubt doing better than anyone

anticipated and by the way, we're going to be looking at a vaccine announcement i'm guessing in the next couple of months. those two big issues the democrats really leaned on seem to be going in trump's favor. ashley: what is interesting to me, liz, quickly, joe biden will unveil his made in america plan. boy that sounds familiar, does it not? that was donald trump in 2016. i mean really? >> really what trump should be going after biden on in terms of his history is his support for trade deals that sent millions of jobs overseas. his cozying up to china and support of china entering the wto. joe biden knows his frailties. his campaign knows them. they're using i guess an offense is the best defense or whatever, but it is a laughable program and it is certainly joe biden copying donald trump. ashley: i'm almost out of time,

liz, the big question regardless, what is the key issue? is it law and order, is that very much on the psyche of america right now? >> people want to talk about safety as opposed to law and order, but i think it is safety and the economy. it is always the economy, ashley. jobs count, i think we're seeing those jobs come back. ashley: you're absolutely right. all about the pocketbook. >> that's right. ashley: liz peek, thank you so much as always. thank you. let's take a look at pfizer. the ceo of pfizer being cautiously optimistic in a best-case scenario that the company could have a vaccine for federal approval by the end of october. the stock is up 1%. astrazeneca is getting hit past they are pausing trials for what they call a routine safety check after a patient had an adverse reaction. here is what dr. siegel had to say earlier on the show.

>> when you study 30,000 people in phase three trials you're going to see somebody somewhere along the line have a problem. they don't even know if the problem is linked to the vaccine yet. they're studying a lot of people over the age of 70. they have a lot of complications. but what this does show, a lot of politics has been involved, ashley, this shows how kaley we study vaccines. ashley: yes, indeed. it is not unsafe. it will not get through those tests as opposed to what kamala harris had to say. astrazeneca though as you can see is down 1 1/2% at this moment. now this story the owners of louis vuitton getting cold feet on the 16 billion-dollar deal to buy tiffany's. kristina, why the sudden change of heart? kristina: there are two main reasons for this. it would have been the biggest deal ever in the luxury retail market.

the reason tiffany postponed the merger agreement. originally was august, postponed to november. after december 31st extension. the other major looming threat, the fact that the united states may impose taxes on french goods that come into the country. so because of that lvmh doesn't think it is fair to go ahead with the 16 billion-dollar agreement. tiffany's share price is plummeting. it is down 10%. tiffany sales are getting hit. global sales down 29% in the latest quarter. this comes at a time the luxury retail market, the regular retail market is struggling. seeing bankruptcies across the board from neiman marcus, lord & taylor, brooks brothers, all filing for bankruptcy in 2020 alone. gap said it could not pay rent for the 2500 stores across the united states. the situation now according to boston consulting group since

we're talking about luxury we should see sales fall 25 to 45% in 2020. it could take three years to recoup. nonetheless this deal, falling through. lvmh is not buying tiffany. ashley: all right. kristina, thank you very much. let's take a quit look at ups, announcing that they will hire over 100,000 seasonal employees as they gear up for the holiday season, all the online shopping. ups also noting that more than a third of past seasonal employees had gone on to land permanent jobs with the company. that is a good deal. coming up president trump courting suburban voters with his hard-line law and order message. watch this. >> all we want is law and order and i just put out something, the is a bushes are coming big to us because the suburbs are next. if you elected this guy, the suburbs would be overwhelmed with violence and crime. so that's where we are.

this is the most important election in the history of our country. ashley: well i will be asking martha maccallum can win over voters in the so-calledded burbs. mitch mcconnell setting the stage for a stimulus vote showdown. roll that tape. >> the american people don't need us to keep arguing over what might be perfect. they need us to actually make a law. ashley: yeah, they do. well now we have details on what the bill is going to look like but i really want to know is, when are we actually going to get it? i will be asking that question. plus president trump slamming democrats for failing to condemn the ongoing violence in our cities. you will hear it right after this. this is the second hour of "varney" rolls right along. ♪ hey, can i...

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♪. president trump: we have a radical left group going around, these people, there is something wrong with them, there really is, there is something wrong with them. joe doesn't have the strength, the mental capability to control these people. these democrat-run cities. you look at portland every night, they don't have the strength. they don't -- i don't think the democrats have the courage to control these people. ashley: well, president trump as you just heard calling out the democrats for not standing up against the violent protests happening across our nation. good time to bring in pastor darrell scott. he is co-chair of the black voices for trump advisory board.

pastor, why do you think the left is so hesitant to condemn the violence in some cases destroying some cities across america? why is that? >> first, let me say this, these protests have nothing to do with police misconduct. they have nothing to do with the preservation of black lives. these protests are simply vehicles utilized by the left to advance whatever their sinister or underlying, nefarious intents are. the reason that the democratic party doesn't want to condemn them, because this is their base, that is behaving this way. this is their base protesting. this is therapy base rioting. this is their base causing looting and causing chaos in the streets. the base to condemn this violence and condemn the protesters would be to condemn their base and risk losing votes. they're putting votes over anything else. they are putting votes and

acquisition of power over america, american citizens any day of the week. pastor, they're frightened of losing their votes, but they could also, it could backfire on them. let's be honest, law and order has become a big topic of this campaign and the president is quick to point out, many agree with him, it is weak mayors and weak governors who are refusing or just not able to take a stand against these protesters. i think that could backfire and push votes to the republicans. >> i think you're absolutely right. these weak mayors, weak governors, they're waiting for marching orders from up top and they don't know what to do. so they don't do anything. they let this chaos, they let these riots and let this violence proliferate in the streets because they haven't reached marching orders from the party. the maring orders hasn't given them marching orders because the party doesn't have the idea what

to do. the bible says, if we condemn them, we lose other bates, lose votes, if we don't condemn them we'll lose them. everyone on the left is not an anarchist. everyone on the left is not in favor of chaos. they don't care about america itself as a country. they don't care about our society. because if they did, you know, they would denounce this activity. ashley: you're absolutely right. quickly, you're co-chair of the black voices for trump advisory board. how is the president doing reaching out to the african-american community? can he get more votes this time around than he did in 2016? >> he not only can he will. we retained the 8% we had in 2016. we built upon it. his support in the black community is increasing by leaps and bounds. even the polls reflect that. but then you have that silent

segment of the black community that because of this cancel culture that is in america, they don't want the drama. they don't want the hostility. they don't want the reprisals or anything. they know when they get in that voting booth they're going to vote for donald trump to be president. i guarranty you he will at least double, if not triple the support he had in 2016. ashley: that is quite a prediction. e we're out of time. pastor darrell scott, always great to talk to you. to get your insight. much appreciated. >> thank you. god bless you. ashley: same to you. now let's take a look to, i say nikola, but the ceo called it nikola. the stock taking a hit today but surged yesterday on the news that gm is taking a 11% stake in the company worth two billion dollars. this is what trevor milton said about that on the show in the last hour. >> a huge deal for us at nikola.

we analyzed top oems around the world. trying to figure out what would be the best for us. gm was hands down the best one. using purchasing power, batteries, costs they get own battery sales, talking about $4 billion savings on programs. looking at $10 billion savings in total across the board. ashley: all right. nikola stock, apparently pulling back a little bit after yesterday's gains, as you can see, down 7 1/2% today. meanwhile on the other side there is tesla. the former vice president of the company also joined us last hour. he is not too concerned about that gm deal and nikola. roll that tape. >> i don't see that posing a huge competition to tesla. tesla has got the preeminent technology and i think that is what we need to recognize here. that this is a technology race. tesla recognizes that with its in-house technology. ashley: there you have it.

as you can see tesla rebounding after that 20% plunge yesterday, getting back about 7% in the morning session today. switching gears, oprah is relaunching her book club. the ever-popular book club but this time it is on apple podcasts. susan, give us details. susan: oprah has a nine-figure content deal with apple according to "forbes." oprah's book club on apple podcast, the project made exclusively for apple. this book club is around since the 1990s. she is a king-maker for writers. any book she chooses instantly become best-sellers, including all 86 books she recommended. podcasts are a hot market with apple, spotify, pandora getting bigger in this segment. they're spending more to get big-name talent on board. ashley: spending big time. susan that is not the only new

podcast news. former president bill clinton also getting a podcast on i heart media, why are they signing a deal with, well they call him the comeback kid? susan: launching early next year. he will have conversations about ideas and events that continue to shape his work in this world according to the clinton foundation. clinton already hosted a podcast last year for his charitable foundation. his daughter chelsea has a podcast. milliary planning her own as well. podcast is pandemic proof industry. ad sales on podcasts expected to tick up 15% this year. that is tough in the media market. talent gets huge paydays for the podcasts, including joe rogan, signing a 100 million-dollar deal, multiyear deal with spotify. podcasts sales jumped 40% last year. extrapolate that, growing next few years, this is a big moneymaker. are you surprised, ashley, i have been surprised, they said

video killed the radio star, this podcast boom has taken a lot of people by surprise. ashley: it really has. it was the buggles, first song played on mtv played a zillion years ago. susan, thank you. be prepared we're told to see fewer coca-cola commericals watching television. kristina, they're trying to move into streaming i guess, right? kristina: yeah, that's right. it is, i guess bad news for all those people on tv because that shows more companies are shifting their budgets to streaming platforms. that is exactly what coca-cola will do with the traditional tv budget. it will switch to streaming. a lot of streaming platforms don't allow commercials. the companies have to get creative. coca-cola plans partnerships with netflix, disney plus in connection with shows and also product placement.

disney launched with the conversation about the producer of "hamilton" before it launched on disney plus. you had the coca-cola brand is there. the product placement angle is only set to explode even more. i noticed it on "stranger things." but into the future, ashley. this is fascinating stuff. product placement will depend on who is viewing the actual show. for example, if it is known that i prefer pepsi, then on a brings shelter on one of the shows, i may be watching i will see a pepsi ad or coca-cola ad. if i watch a show in the morning i may see an ad for orange juice versus whiskey if i'm watching it at night this is ways they will individually target us with very, very specific ads and coca-cola is getting on the bandwagon. ashley: sneaky subliminal advertising, kristina partsinevelos likes the "stranger things." you gave that away.

next case, gyms in san francisco are now allowed to be opened but privately owned gyms they're not. what is up with that? total double standard, is it not? we'll call that out after the break. restaurants are scrambling to add drive-throughs before the cold weather dampens outdoor dining. they are a real necessity these days but what happens to the restaurants that don't have a drive-through? we'll ask that question with more "varney" after this. geico's been helping people save money for over 75 years. they've really stood the test of time. much like these majestic rocky mountains. which must be named after the... that would be rocky the flying squirrel, mr. gecko sir. obviously! ahh come on bullwinkle, they're named after...

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♪ ashley: we have a "fox business alert" from capitol hill for you. we are hearing that senate majority leader mitch mcconnell will bring his 300 billion-dollar virus relief bill to a vote in the senate tomorrow but according to our reporters on the hill that vote is expected to fail but that is the very latest on that. let's get back to the markets. the nasdaq as you can see up over 2% today after losing quite heavily over the last three days but now up 2 1/2%. the s&p up 2% and the dow up 400 points. good for a 1.6% gain. we are seeing a little bit after rebound, are we not, after three days of selling.

now let's take a look at lululemon, the athletic wear company reporting after the bell yesterday t was down following that report despite performing better than expected but apparently not well enough. as you can see investors saying no, not good enough. lululemon down 8.25% today. let's move on. let's see, what do we got next? louly lemon. let's get into the oil prices we can. peloton, i'm sorry i'm losing it here. peloton up 4.7%. it is cutting the price of the most popular bike by 15% that is a key. we spoke to greg smith who likes this stock. let's take a listen. >> peloton has a massive untapped market opportunity. it's a great play what is happening, people at home, people want to go to the gyms, they need to work out, peloton

is giving them the opportunity to do that at home. they are ultimate fitness company. i have a personal price target on peloton of 150. ashley: there you have it. greg smith, a vote of confidence in peloton. let's switch gears checking the price of oil for you. president trump signing off on a new executive order to expand america's offshore drilling, take a listen. president trump: i will sign a presidential order extending the moratorium on offshore drilling on florida's gulf coast and expanding it to florida's atlantic coast as well as the coasts of georgia and south carolina. environmental protection is a sacred obligation and so it is our duty to fight for the dreams and livelihoods of the citizens we serve. ashley: well let's bring in stephen schork. good time to bring him in, the schork group principal. stephen with, this new executive order the president just

announced, good for offshore drillers i have guess but what about the frackers who are already struggling with a very low cost for a barrel of crude? >> yeah. absolutely, ashley, i think the last thing that the oil market needs right now is to expand and bring more oil to this market. we're looking at a situation where, look it is not a supply issue. it is all about demand. we have had significant demand destruction over this summer. so to your point with frackers, they're hurting and, certainly any sort of off drilling or ability to bring more oil to the market is going to hurt them further. oil prices are just too low. ashley: right. >> they need to be over $50 a barrel to entice the margins to bring more drilling on. so we've seen a significant pullback of drilling for frackers. a significant pullback in employment. this is certainly a dire situation at this point now. you have to keep in mind that commodity markets trade in seasonal blocks.

we came off the peak demand season which was 17% below normal. as we now transition into the fall demand will fall even further and refineries will go into the maintenance season. so they will be buying fewer barrels. we can expect to see demand already 2.9 million barrels a day below normal. demand will fall next couple months by another mill barrels a day. significant trouble ahead for frackers. ashley: wow, that is interesting, stephen. we have seen oil prices bounce back slightly after tumbling earlier this week but where, based on what you just told us, where does the price of oil go? i know we've seen some pullback in production but that lack of demand is really hurting. how low could oil go? >> right now, firms support of our models that we're run something that we don't expect to see support until that 32, 31-dollar per barrel area. now that is based on statistical volatility. of course markets trade on

psychology, and if you do get that low traders will look to break the 30-dollar barrier. sub30-dollar a barrel next two months is not unthinkable. ashley: wow. stephen schork, well, for those in the oil business it is not a lot of money to be made with oil prices at that level but it is what it is at this point. stephen schork, thanks so much for joining us. we really do appreciate it. >> thank you. ashley: okay. let's get into apple and their ongoing fight with epic games. it is escalating. susan, looks like apple are going on the offensive. susan: alleging that the "fortnite" maker epic, they want damages after breaching its contract. now it is unclear how much apple is asking for but it is not like apple needs the money because they have $200 billion in cash on the balance sheet. if we were to get leverage over the "fortnite" maker which has been booted off the app store,

purposely breaking its rules for offer a way to pay inside the game. that is sidestep of paying apple the commissions it charges for the app store. epic sued filed an injunction to get become on the app store as it winds through the courts. apple says eppeck made $600 million from the app store. with harsh criticism this is harsh words from the company itself against epic. they say epic portrays itself a modern corporate robin hood when it is multibillion-dollar enterprise that simply wants to pay nothing for the value it gets from the app store. google kicked and booted "fortnite" off its play store for the same reasons. on android stores there are other ways to get "fortnite" but not the case on iphones. ashley: difficult to get into a fight with a company the size of apple. susan i want an update on colin kaepernick. he is making a return to the field kind of, but not the

physical field. susan: virtual comeback, kaepernick on the nfl videogame madden 21. he has been absent since 2016. ea sports says kaepernick is back. explained the decision, we want to make madden nfl a place that reflects colin's position and talent. rates him as starting qb, empowers our fans to express their host for the future of football. kaepernick has higher rating than current stores like cam newton and josh allen among 17 others. madden is only exclusive videogame can use likeness of the players. a huge moneymaker. multibillion dollars in sales. players during covid with a jump of 30% according to ea sports. ashley: interesting. susan, thank you very much. sticking with sports, iconic sports memorabilia up for

auction. how about a 1953 mickey mantle baseball card. it could be yours but how much do you have think it will go for? says on my script, i will not tell you, let you guess, a mickey mantle 1953 baseball card. how much do you think that will go for? that and much more coming up on the show. los angeles banning trick-or-treating this halloween due to the virus. the question is this the beginning of holiday fun cancellations? what does that mean for retailers like party city? we'll have the ceo next. we got no free pass.

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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. ashley: welcome back, everybody. let's look at markets for you. we've seen a modest rebound what we're saying, 2% plus on the nasdaq, s&p and the dow.

all nicely higher. trying to recover somewhat from the last 3:00 days of a selloff led by the big tech stocks, which again have seen a modest rebound today. as for individual stocks, let's take a look at shopify. it is now worth $117 billion. that stock up over 4%. let's take a look at michael's. we're told they are planning to hire over 16,000 seasonal employees ahead of the holidays. that stock though down right around 1% or thereabouts. next case, walmart, what about walmart? they're out with their list of the hottest toys of the year. this is always fun. kristina, what are the hottest toys of the year? kristina: too soon to say should we start think about holiday shopping? i picked up my top three. that story is normally for lauren. i don't have children. ryan's world vending machine. i picked this who the heck is

ryan? a popular nine-year-old kid worth $120 million. he reviews toys. walmart made a vending machine. i've seen 30 reviews so far. people like it because it is very realistic. that is my number one choice. the second choice is the animal interactive unboxing toy truck with retractible claws and lights. here is why i took this just to show the trend. they have a toy with an unboxing that is part of it. unboxing is so popular online, you film yourself unboxing the toy. you now you do it again and again with this toy. last but not least, a fun one. light-up jettison hoverboard. i haven't seen any that light up like this. this is expensive, 148 bucks f kid will be really happy if you're willing to buy that. those are the top three, walmart 2020 toys. looks fun. ashley: way to sell the truck, kristina partsinevelos. now i want it.

excellent job. kristina: thank you. ashley: of course. susan, l.a. county banning trick-or-treating because of virus concerns. how can kids celebrate spookiness when they can't trick-or-treat. susan: maybe not the same with door-to-door. online costume or pumpkin carving parties. look at parades decorating home, fresh air, maybe a small group. l.a. county had nearly 250,000 total casings of covid, 6,000 deaths. speaking of the holidays, despite all of that, households they have been saving a lot of money by not going on vacation, by not eating out. what are they doing? they're spending on holiday decorations instead. unusual early buying in halloween and christmas decorations ticking upward since mid-june according to one texas-based seller. ashley: interesting, just not the same when you can't go door-to-door. you have to do what you have to do. thank you, susan.

as we head into the holiday season the emphasis is on no big parties, social distancing. so how are retailers like party city holding up in this environment? guess what, we'll bring in the ceo of party city, brad westin. i will ask you directly, how is this environment for a company like party city, brad? obviously there are limitations, no big crowds. not exactly a party environment, is it? >> no you know for party city our goal throughout the pandemic has been to make life easier for our customers in ways that we authentically can. while everything was, is still being canceled we found people still want to celebrate. we quickly adapted and evolved our business to help families thrive in this environment which is really allowed us to impact our operations moving forward. over the past six months party city essentially wrote the playbook on virtual at-home, drive-by celebrations because we recognized virtual parties as a

new concept and customers needed inspiration in how-to. we developed virtual party kits and step by step party guides and economic lists to make it easy to still plan and host parties. the key to this was really using our digital capabilities both online and in marketing through social channels to inspire consumers to imagine their celebrations in new ways that can easily create themselves and which joy to others. ashley: how well accepted are these virtual parties? because they are limited but it is there a, is there a demand, you say you have done well with it but comparing it to a normal world i would imagine it's still far below what you would hope for? >> well, amazing that consumers are finding ways to celebrate. they're decorating more for virtual party. you still decorate. obviously you're doing it at home. and, you know, the whole notion

of birthday parades and drive-way parties et cetera, we believe have been significant drivers of our business. quite frankly we believe that is going to especially when we conduct surveys, that that is the kind of activity that is going to happen for halloween. halloween will happen. it is just going to look different. ashley: that sergeant is ally right. thank you so much, brad, for taking the time to chat with us. we wish you the very best. hopefully we all get back to a normal environment. virtual parties, driveway parties it is. brad westin, thank you so much. >> you bet, thank you. ashley: of course the pandemic has also limited outdoor dining as well. as the weather cools off in many parts of the country drive-thrus are driving sales for restaurants. let's go to jeff flock has gone you there mcdonald's drive-thru 28 times already,

jeff. reporter: will kill you, if you're not careful, ashley. too many egg mcmuffins. this is rock and roll mcdonald's in chicago. happy to send you a couple of these. they used to have table service in this huge mcdonald's this is a flagship. that is not doing them much good right now but the drive-thru is not only saving mcdonald's but other folks as well. look at this poll, 74% of the people say they are using the drive-thru more or just as much as they used to, not going as much to the neighborhood restaurants. you know, that is saving some of the fast-food business and, mcdonald's is a prime example of that. other companies are getting into drive-thrus that -- hi, could i get, maybe just one more sausage mcmuffin with egg, please. that's all. >> okay. reporter: thank you. that is the 16th one. the fast-food business had actually been kind of falling

off. you know it, hadn't been really growing tremendously. this will be a shot in the arm for them at the expense of perhaps mom-and-pop. there you go. got to get my muffin. ashley: i think you're right. jeff flock, enjoy. i will have fun looking at your expense report this month. good stuff as always, jeff flock. enjoy your 16th egg mcmuffin. as we head on senator mcconnell says a vote is expected tomorrow on the stimulus package. senator mike braun on the showdown that still looms. we'll be back give you my world ♪

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ashley: senate majority leader mitch mcconnell unveiling what he is calling a targeted stimulus plan with a procedural vote expected tomorrow. let's bring in indiana republican senator mike braun. senator, democrats already rejecting the plan. senator schumer just saying look, we'll be right back tomorrow where we are today. the longer this goes on the more the damage is being done. so when will we see a deal? >> you know i think that the fact that we're bringing this up for a vote makes sense. i don't know that they're going to come along for anything that we initiate. sadly that is kind of the way

the game is played here. we were on basically a four-week break. i traveled the state of indiana. three of those four weeks talked to businesses, school districts, places like indiana. it is back on its feet and i think that probably there is less need in places that prepared in a way through the crisis for what maybe we don't need in terms of the heroes act or what the democrats want to do. there were also seven or eight of us conservatives that got together over the last couple of weeks to try to weigh in on what practically needs to be done. and that is repurposing some of the stuff that was not spent, targeting in on the key areas that still have need. that is not a trillion dollars. you are going to see what we roll out is closer to what many of us business-minded individuals think is really needed. i think our little group of fiscal conservatives had some impact this time.

ashley: all right. well i hate to do this, senator, we are out of time. you answered the main question. that is the important thing. we'll check back in with you the days and coming weeks. >> you're welcome. ashley: thank you for your valuable time. i'm so shower it was so short. president trump going after suburban voters with his so-called law and order message. i will ask martha maccallum about this. is it a good strategy? we'll have more "varney" after this we renovated the guest room, so you can live with us. i'm good at my condo. well planned, well invested, well protected. voya. be confident to and through retirement.

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ashley: welcome back everybody 11:00 a.m. on the east coast i am ashley webster in for stuart varney. let's take a look at the market after three straight days of selling we have some buying, we have the dow up 1.5%, the s&p also up nearly 2% and the nasdaq taken a beating with the big tech stocks up today 2.5% getting back some of the losses. let's take a look at apple and microsoft, to the big tech stocks, both coming back, that is good news. susan come on and what is going on. susan: a recovery after the flush out the last few days, the fastest correction with 10% down that we seen in the market that took three sessions. apple losing over $300 billion in the three days.

think of shutting tesla or nvidia because the company is so big and worth over $2 trillion in the single most influential stock on the s&p 500 in 40 years go back to 1980 and when it goes up or down it takes a brighter market along with it. they get the big five, the big tech stocks that are worth more than a quarter of the s&p, apple, anima, facebook, alphabet and the microsoft, they lost over chouchou namegabe dollars in the past three sessions staging a comeback today and it does include microsoft, take a look at the market fundamentals and the volatility index in the treasury, we have not seen that big of a move in either of those embassies over the past three sessions and that is relative, not panic when it comes to a selloff and i think that's pretty important which shows this might be a separate decli decline. ashley: i agree certainly not a sense of panic in the selling and maybe some profit taking.

thank you very much let's turn to politics always a rich subject on the show. joe biden on his way to the battleground state of michigan where he will talk about made in america jobs. sounds familiar doesn't not. it sounds like you taken a page straight from the president's playbook and president trump will be headed there himself tomorrow. let's take a look at the real clear politics polls, this one showing joe biden only leading around three-point to the bottom ground state. 47% and 43.8%. great time to bring in martha executive editor of the story on fox news channel. great to see you let's talk about michigan, how important is estate in the overall campaign. >> michigan is clearly one of the most focused states to keep an eye on. if you look at some camps, they say trump is trouble in michigan

and might not be spending as much time there and on the other hand you have those who say trump will win in michigan and michigan will be the deciding factor. you heard steve forbes indicating they will be very focused on the state of michigan and it was very tight last time around. when you look at the suburbs in places like michigan in places like pennsylvania. half of all voters come from the suburbs in this country but what were learning as you dig into the counties is every suburb is different as you might expect and they want different things when it comes to law and order and we see really interesting internals and some of these polls. ashley: it is interesting we lived all over the country and had the privilege to do that. you are absolutely right every suburb in every state is different. it is fascinating i want to pick up on the point about suburban

voters, the trump campaigns believes they can swipe or take the voters away from joe biden and with a message of law and order. take a listen to the president and i will get back to you. >> all we want is law and order and i just put out something the suburbs are next, if you elected this guy, the suburbs would be overwhelmed with violence and crime. that is where we are, the most important election in the history of our country. ashley: there you have it in interesting point, law and order a bigger issue as we see was going on in the cities around the country. is this a good strategy from the minister at administration where they can pick up votes from joe biden. >> i think you have to believe the law and order message is working to some extent and also the rnc worked for the president to some extent and when you look at how much tightening in the

polls, then when you going to the polls like places like wisconsin, it indicates biden is ahead on the issue of policing and criminal justice which is a different way to ask the question, policing and criminal justice. that looks like it is continuing to be an area that we are not sure about and last thing we were watching the president speak in winston-salem and north carolina and he said my consultants want me too use the word public safety rather than law and order and i heard frank say the same thing as well. the president's message is right for the suburbs but is messaging on is wrong and i thought that was very interesting. at the obviously they're appealing to some of the women in the suburbs, some of the college-educated women in the suburbs who perhaps might be more responsive to the message that the president is in favor of safety in the street rather than we will dominate the

streets language, that may be a turnoff to some of them. messaging is obviously very important but i also find when you talk to voters in the suburbs, many be unfair may be dissatisfied with the tweeting, messaging and heavy-handed of what the president has to say, when push comes to child, who do you think you will vote for, many will say president trump but there blue-collar suburb, white-collar suburb, excerpts which his role as the wall street journal talks about in each one of these cases you will have voters who care about different things. ashley: i know this is a difficult question but is there one key issue that would've been the economy prior to covid, is there one issue that will resonate more than any other with the voters. >> it is hard to imagine, any election where the economy does not end up being the number one

factor and i think you will see that again here, i think we all hope that covid is starting to get closer into the rearview mirror and that means it'll be very much about jobs in rebound and who people can do that better. and we see nick on that point. it'll be an interesting two months. ashley: you're absolutely right, what about the economy -- when can we see her show. >> we will be on tonight i look forward to seeing everybody, will talk to sarah huckabee sanders and a lot of good folks this evening as we dig in two months ago and unbelievable how we are two months to then. ashley: so close yet so far. gray tabby on the show. let's get back to joe biden unveiling his jobs plan and jobs in america he calls it, what is in the plan. christina: the actual sentence is the plan to ensure the future

is made in america by all of america's workers, definitely a few familiar words, the first line of the seven page pdf does highlight how he calls the president choosing multinational over american workers, two major things and focusing on in the first one is to change the tax code and in loopholes for corporations and increase the corporate tax rate which is at 21% and jump that up to 28%. they also want to add a 10% off shoring penalty surtax with profits made overseas or if you happen to use a call center overseas you would also get tax on any type of manufacturing or any type of goods or people that use overseas as opposed to using americans here and the other thing to focus on the corporate tax rate because a few american corporations have not played corporate taxes like amazon and netflix in an executive order to

buy american so he will put in a few orders focused on making american products more competitive abroad but little details on how he plans to do that and made in america tax credit which could be a good thing, 10% tax credit for companies making investments for creating jobs in america as opposed to anywhere else outside of america. ashley: while raising the corporate tax rate for everyone. interesting stuff, thank you very much. i want to take a quick look at the movers on the market i want to start with united airlines, they are adding new nonstop flights to africa, india and hawaii. they're all set to start in 2021 next year except for one route between chicago and india, that will start in december. take a look at astrazeneca, we've been talking about this company a lot, according to the financial times the covid vaccine trials could resume next

week, that is pretty quick, the stock cut its losses on the news and astrazeneca down half 8%. let's take a look at tiffany and louis vuitton, that is 16 billion-dollar acquisition bill is now being strapped, louis vuitton says it cannot go through with the deal as it stands tiffany stock sinking on the news down over 9%. let's take a look at ups, modest gains this morning and i guess you could say ups said to hire over 100,000 workers for the upcoming holiday season as you can see up to a quarter% of everybody ordering everything online they will need the workers part of the delivery companies bulking up for the online shopping season, that stock up to and a quarter percent. let's talk about ups. susan come back in there looking toward electric trucks to help them get to the holidays and beyond. they're already using them i

guess. susan: they put a pretty big orders, ups, amazon, fedex the biggest package delivers on the planet have invested in electric trucks, ups order 10000 from the start of arrival and they will be used in the u.s. and arrival working on self driving vehicles and that's what ups owns a small stake in the company as well and ups is also a melania for tesla big rigs with 125 and they want 15 electric trucks with an option for 950 more in the future and test the highly anticipated semi truck two years behind schedule but hopefully we will get it and we have a recovery intestinal shares after the 22% drop yesterday and amazon ordering 100,000 caribbean bands and amazon invest in the electric truck maker reserving 1800 mercedes vans for the european fleet it was announced earlier this year end fedex is doing the same they reserved a few of the tesla semi's and ordered another 10000

bands from california and the reason why all of them are investing in electric trucks is obvious, cost saving, self driving to use save on the driver fees in the future and also for regulatory reasons as well, you have to adhere to epa standards as we saw there into spitting in the future. ashley: makes sense. so much quieter, that is good about it as well. thank you very much. let's go to the story outrage and san francisco. we say it a lot these days, city gyms can reopen the private gyms must remain closed. is it really a health issue, some people can work out and others cannot. we will have a story coming up, also president trump expected to bring troops home from the middle east but is now the right time to do that, while asking army veteran later this hour but first the showdown in the swing state of florida, president

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ashley: time to head to florida a new polling shows trump and biden are now tied, how about that, let's bring in steve cortez trump 2020 senior campaign advisor. steve the question is they are tied, what's it going to take to get donald trump over the line and edge past joe biden?

>> i think it will take continued economic growth and acceleration of the existing economic renaissance that is folding across america and including and perhaps especially in places like florida. i think the economic story is the driver of our recent political momentum that we are seeing in polls across the country for tickly in battleground states regarding the state of florida, the economy is as hot as the summer in the sunshine state over the last three months florida has added 570,000 new jobs. so the economic momentum i believe is the primary driver of our political momentum, makes the best case for reelecting president trump the man who created the conditions for the first trump boom is already ushering in the second trump boom, a trump boone 2.0, the living this reality in places like florida and i believe that makes the case for reelection and acceleration of this trend into the second trump term.

ashley: another fascinating pole i showed shows a shift among latino voters to the right, 50% in the pool identified as republicans, how do you explain that. >> this is very reassuring, we regularly polling 4% and higher as a national basis among hispanics doing better than that among hispanics in florida. i think there's a couple things going on, is pretty particular to florida, a lot of hispanic americans flood places that were corrupt and socialist in their philosophies and government. hispanics critically and florida are especially aware of the abuses of socialism and the fact the democratic party has merged so far to the left and embraced so many of the tenets of socialism mean a lot of hispanic americans have been made involuntary political orphans and a lot of hispanics informally supported the democratic party have been left by their own party.

we hispanics are culturally, religiously, politically conservative people in the democratic party of 2020 has no room for conservative or traditionally minded people. this is not your parents or a imprint democratic party. >> i was just talking to martha maccallum and talking about what are the key issues, yes law and order is a big one but before covid this economy was on fire it was firing on all cylinders. is the economy still very important and how does that help donald trump who showed what he could do with the economy prior to the pandemic? >> i believe it's the number one issue, the president has a strong track record 2.2. on what we did before the china virus to create prosperity for those who have been left behind during the slow growth obama years. blue-collar people, people who don't have advanced degrees, minorities, the deplorable's of america in the lead of income

gains before the first trump boom. he can also make the case that we are not talking about promises for what we can do in the future, were talking about what is unfolding right now in this country, the economic rebirth of america, the economic revival is happening, it's accelerating, the data proven if we look for the payroll report last week until labor day, it was a blockbuster and not just a wonderful top line of 1.4 million new jobs but the details for tickly 4.7% annual wage growth. this is the acceleration that our country needs and makes the case for four more years of president trump. ashley: very good on the campaign, i will give you that. thank you for joining us this morning. we really do appreciate it. let's get the quick earnings check, lululemon luxury athletic wear retailer revenue of around 2% from last year, online sales more than doubled in that gave a

cautiously optimistic outlook, that's the way you could describe it for the rest of the year but that uncertainty pushing the stock down, down as you can see nearly 9% a decent report but apparently not good enough. talking which slack, a big work from home name and you'd think they'd have money pouring in but you'd be wrong, here's the nail in the coffin for them, knows by an virus related revenue or sales, that's according to slack compared to similar names like zoom, slack saying they're showing steady incremental growth, not good enough for the investors, they did not like the sound of that, slack down more than 14% today. let's move on, how to career day, the very first virtual career day next week. interesting, how many people have they sent to higher.

susan: 33000 corporate technology jobs, $850,000 between salary and stock that are up for grabs, not a bad payday. but the online retail giant amazon creating a free first of its kind virtual career fair that includes one-on-one coaching for lucky selected 20000 amazon created a event last year took place across six cities and 17000 jobseekers and 200,000 applied, they only took 17000. this year the virtual affair is open to everybody regardless of where they live and amazon announced they are hiring more, 10000 for the bellevue washington state location which is near their headquarters and they hired 170,000 during the depths of covid, it's pretty obvious they're doing well and amazon spending $4 billion to pay for more workers as well. ashley: it is remarkable. interesting stuff. thank you.

next story walmart they are conducting the annual supply meeting a little different leave this year. >> this time there involving 850 entrepreneurs on a zoom call, think of it legs shark take on zoom 850 people got phone calls in the hubble one-on-one with walmart to pitch the ideas of 44% increase but in case if you wanted to know some of the ideas, the best one i saw were backyard brined they will pitch garlic dill pickles, freedom deodorant, a company in las vegas and then you also have licking silly pet products based in new jersey pitching premium all-natural beef, liver dog treat and also cat in the box will pitch cat furniture, based in massachusetts. ashley: is certainly as, i'm going to buy the truck. >> i should be in sales maybe.

ashley: you should, you really sell it. now this story, 1124 in the morning for christine and everyone else and we mention the story after 20 seasons, one of the biggest reality shows ever is saying goodbye. i know stuart is going to be devastated. what does it tell us about the way we watch tv. we'll have that story coming up. president trump promising big economic growth but with a caveat. rotate. >> next is going to be the one the greatest years in the history of our country economically. but if sleeping joe biden takes power the economy will collapse. ashley: the question why are some career republicans throwing their support behind joe biden. we will have that next ♪ ♪ stay restless

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ashley: welcome back, just about two hours into the morning session and we have a lot of green on the screen after three straight days of selling in the

dow is up 2% in the s&p up 2% and the nasdaq pulling back 2.5% of his losses now at 1120 for the nasdaq. one more check on astrazeneca reportedly going to restart the vaccine trials next week and we heard they were pausing because adverse reaction and one of the participants that is still moving higher and perhaps just barely slightly above astrazeneca up 5476. a quick check on the airlines, holiday travel over the labor day weekend was up to a five-month high, a little earlier this morning they were up and now they turned back again, when money goes into the cyclicals like airlines and vice versa, money going back into tech and out of the airlines to american in united down three and 4% as you can see and take a look at the cruise lines, it's pretty much the same story, interestingly they were up but

today there you have it, carnival, norwegian and the royal caribbean all moving down. here we go i gotta get to the next guess. cofounders of a new company called him calf, they created software that helps measure the skills of the company's employees. that is interesting, cumming, collis and former commerce secretary on the george w. bush, and army veteran, thank you both were gonna get your new venture in a second but mr. secretary i want to get to you first, part of a coalition called 43 alumni for joe biden, members of the bush administration backing abiding presidency and the president elect or candidate who says they shut down the nation again if he had to over the virus, how did that help anyone?

>> let me just say something to correct because i was put on as national chairman going to that website and i'm not the national chairman. that does not mean that i disagree with president trump's with his policies and i do disagree with them but i'm not the chairman of 43 for biden. i think the next president or president trump's second term, there is so much work to do. post covid, the deficit, the debt, getting jobs back on, the last jobs report was pretty good we brought back 48% of the jobs that we lost but those jobs are going to have to change and they have changed because of technology and a lot of the workers will be have to be

re-skilled in many will have to be upscaled and that is the business we are in helping that process because the nation has to go to every skillet enough skilling process because of the celebration of technology. ashley: we will move on, i want to bring you on this issue, an army veteran in the white house expected to announce more troop withdrawals from iraq and in afghanistan within the coming days we are told, is this the right time to do it? >> first of all i want to commend all the veterans and active-duty soldiers for their service to the united states of america. as a veteran myself this is the reason that we created an impact these soldiers will come back into the united states and looking for new skills and tying to employment and now it's more than a vital time than ever to

become part of the transition process. ashley: you said, you say can help identify and optimize the strength of workers, how does that happen, how can you do that? >> i will describe it the way i see it and i think of this as a manager of technologist but using machine learning we go into all the information that a company has, wherever they may have it in disparate systems of the organization. we identify the skills of the employee and then we match that to the skills of jobs of their job or future jobs and then we match that with training to get the job that they want and the future. it's a very transparent process and by the way this is something

that we gotta give the white house some credit, they brought up the subject of skill and how the future is more about skills than diplomas. today the currency is a diploma and in the future in the very near future it will be about what we can do, what are your skills, i credit the white house and i hope that we can make an international calling to get this done because a lot of people are going to be in danger of losing their job. ashley: yes indeed, we wish you the very best with the effort. thank you both for joining us today. good luck. jennifer lopez, there's a change of direction making a final pitch to buy the new york mets and they're willing to bet $100 million and they will win the world series.

no, we have more on where that stands coming up. finally gyms can open for after workouts in san francisco today but indoor fitness still a no go. why is it safer city gyms to open all private companies suffer, double standard? we will have that next. ♪ it's easy to get lost in the economic uncertainty. the volatility. the ambiguity. the moment calls for more. and northern trust delivers more. with specialized expertise. proven strategies rooted in data and analytics... and insights borne from over 130 years of successfully navigating economic turbulence. giving you clarity.

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ashley: let take a look at the markets again we are at, look at the nasdaq up 2.5%, this index has been down 10% in the last three sessions, that would be correction territory but now we came back to and half and you can argue were down seven a half% from wednesday's high, although this is happened quickly but needless to say more buying than the selling in the market are in the green, now this, outrage in the city of san

francisco, city-owned jim are allowed to be open for indoor workouts but private gyms have to stay closed, what is that about less bringing harmony dealing founder and ceo of the center for american liberty. if anything sounded like a double standard, that does, how can it be safe for some gyms to be open and not others. >> obviously the answer is it's not safer one but not the other but we in san francisco have learned to live with the double standards unfortunately and what is worse gyms are finally allowed to open in san francisco but outdoors the same time the skies are orange even early in the morning because it's very smoky and very dirty and grim in the air because the fires three or four counties away. there seems to be little concern for the lung safety of san francisco workout aficionados in

the san francisco police department and other city employees have been able to work out in city-owned gyms that are in the police department building around the city. that seems incredibly unfair, if it is safe for them it should be safe for citizens who are concerned about their health mental and physical to work out in the gym safely which many jim owners i've spoken to assured can be done. ashley: we just had a light picture as you were speaking, it really does look smoky and it's 840 in the morning but it does look smoky, these fires have been devastated from the south all the way to the north, this is san francisco and it does look very eerie, these fires, we had a guest yesterday the said it's a reflection of the mismanagement of california government that allowed or did not allow the clearing out of the forest floor and of course with the temperatures it was

just a disaster waiting to happen, would you agree with that? >> absolutely i live here in california for 20 years and what is most tragic in this time over the past decade of democratic domination is a complete lack of accountability. these fires have occurred again and again, and in some cases the fires have occurred because of thnegligence for public utility pg&e which is dominated and regulated by democrat run commission. and yet they slap a fine on them and keep on making profits and keep on ignoring the obligation and then there's the corresponding factor of what i would call environmentalist tree huggers who seem to be entirely opposed ever cutting a tree and guess what trees dying is a fact of life and responsible forestry management would've prevented many of these fires, these combined bad policies have led to tragedy and disaster in every

date anybody living eritrean san francisco and in the bay area is worried that their house may come next, we have not seen the sun for a couple of days and it's really scary. ashley: good luck with that, the desperate situation. thank you so much for joining us, we do appreciate it. president trump using an executive order to remove liability protection for big tech companies, hillary vaughn is in washington to break it down and what exactly does this order do. >> the executive order would be to hold social media company like twitter, facebook and online platforms like google accountable for how they moderate the content on their site and president trump says the way they moderate is often times biased against conservatives and biased against him and in fact he called out twitter keeping up in the

manipulated video walking on the white house north lawn that appeared he showed and lost sense of where he was in claims he had a neurological disease in the video got over 2 million views before was ultimately taken down by twitter and that is an example the white house is saying this is a problem that twitter is not taken down content that is false or manipulated against the president but chooses to proactively take down other media that is in favor of other candidates like democratic nominee joe biden and the goal of this order is to hold these companies accountable and liable if that goes through, not just the executive order but looking to make changes to section 230 and congress has a bill in the senate that would do something similar. ashley: interesting. thank you very much. now we got to get to the story. one of the most popular reality shows of all time is saying

goodbye. christina they say in the script, keeping up with the kardashians, i did not want to keep up with about millions upon millions did and now they're saying sayonara. >> somebody get me a tissue, i think it's time where nobody will be able to keep up with the kardashians. after 20 seasons they are saying goodbye. they announced this over the past 24 hours, the last year will be in early 2021 and they have come a long way since 2007 in their viewers peak, they had 4.8 million viewers and for break 2010 they have dwindled off from that number but this is a show that not only created a super wealthy family, cosmetic company but created 12 spinoff, i am kate or china and rob or

life with kylie, et cetera is not just about the kardashians, the genders in the mix as well. in the other thing they're not cheap as we know, the latest number i could find from variety is set in 2017 the kardashians signed an agreement for $100 million so we have a video montage of the best moments. listening [bleep] >> i'm going to cry. >> stopped taking pictures of yourself your sister is going to jail. >> is the least exciting to look at. she can be out. >> kardashians are out but they still are on tiktok and social media. that is probably why. ashley: thank you i was not in the slightest bit interested but my hats off to them because did

they generate a lot of viewers and a lot of money. good for them. thank you very much stop what you're doing and look at your screen this making mantle baseball card from all the way back from 1953, how much do think that could be worth, i will not give it away but what makes it so special. we will tell you after the break. ♪

ashley: a quick check of the market, the dow and s&p hitting session highs, the doubt up almost 2%, the s&p up two and a quarter percent, little bit of a recovery over the last three days. let's move to the sports world, i love sports and everything about them in the pandemic shutting sports down for months. it made the member billion business a huge winner, let's bring in a good friend can, yup some hot trading cards for us today on the bidding block and were gonna begin with one from the mba, who will be gotten and how much is it worth. >> it's a tough one, the

remaining mvp and he was discussed for milwaukee, he's gonna get in bp again to mvp award to get only 25 a lot of potential on this and look at mike trout i was on two weeks ago for the result of $4 million, this is a one-of-a-kind card, the only one produced limited to rookie card national treasure and we expect this to go and access of one point to 5 million and currently the bidding is at $710,000 at the auction right now. ashley: people seem to think that's a good investment. how about this 11953 mantle baseball card, how much can this go for? >> we expect this to surpass $500,000, the reason is it's a mint nine card and with the dark

borders it is virtually impossible and they made tens of thousands or maybe hundreds of thousands of postcards back in 1953 but very few survived being kept in mint condition, that's what makes it so unique. ashley: i thought it would go for more than that, we have time for one more, michael jordan signed card, how much would that go for. >> this is a great story, somebody pulled the sound of the packer cards for $10 in 1998, we expected to go over well over $100,000. ashley: i love it, we wish you the best of luck and of course with all your auctions you fascinating stuff, we appreciate you being on the show and we gotta get this in, something we've been talking about for months. jennifer lopez and a-rod making another pitch for the mass, they're not giving up.

>> it says it is not over until it's over, that's despite the fact that charlie gasparino is reporting a hedge fund billionaire steve cohen is likely to win approval. according to j low in the a-rod pitch lopez as a control person not rodriguez, if there had been somehow miraculously wins that would make taylor the first latina mlb owner industry in addition she says that her first bid is similar or better than a 2.35 billion with a $100 billion series decade guarantee and j lo in a-rod are worth $107 million according to the new york post but they also billionaire backers including florida panthers pitching in as well, the mets owner seem to have accepted cohen's bid and might just be haggling over the language in the documents. ashley: they are not out of it until it signed on the dotted

line. interesting stuff. not over until it's over. we will be checking with charlie gasparino. susan lee thank you very much. we'll be right back with more burning. . . .

♪. ashley: and before we leave you, we want to take one more look at these markets after three days

of sell being of the close to session highs on the dow. close to 2%. s&p up 2%. the nasdaq has been taking a hammering, up 2.6%. a again a little bit after modest rebound. our time is up. david asman in for mr. cavuto today. david: extraordinary. a exact reverse what we saw yesterday at this time in terms of percentages on the nasdaq, dow jones and s&p. thank you very much. welcome to "cavuto: coast to coast," i'm david asman in for neil cavuto today and we've got a busy, very exciting show lined up for you. all three major indexes higher today, the reverse of yesterday as big tech stocks look to recover from three straight sessions of losses. officials are seeking an investigation into the detroit police department's use of force on protesters. the city police chief, james craig, i