most important chip company around the world bar none. better than intel, better than advanced micro devices. susan will tell me i'm wrong. susan: absolute right. you empower 90% of the world's smartphones. stuart: if you're doing that. my time is up, i see a man, david asman. david: i guess you're proud of a getting a check mark from susan li. i'm david asman in for neil cavuto. meanwhile tiktok's parent bytedance is picking oracle over microsoft for its u.s. operations but one major roadblock still remains. we'll tell you about that. and it is still all about the jobs in the united states of america.

the company indeed, is launching a virtual hiring tour. if anyone you know is having trouble finding a job, you stay tuned for this. ceo chris hyams will sus that and much, much more. president trump is departing nevada to california. he is expecting to meet california governor gavin newsom to survey the horrible damage taking place with some of the fires near sacramento. fox busiest edward lawrence at the white house with the latest on all of this. reporter: david, the president leaves in the next hour. he will talk with fema to get an update as well as california governor gavin newsom have been at odds. but the president steps when it relates to a natural disaster inside of california. exactly what he will do today here. the white house says the president will receive briefings what is exactly happening with

the fires, recognize the california national guard as well. now this is part of a west coast swing that also had the president campaigning over the weekend out west. the president says this highlights the need as he calls it, for forest management. >> spoke to the folks in oregon, washington, they're really having, never had anything like this but you know it is about forest management. please remember the words, very simple, forest management. please remember that. [cheers and applause] without forest management and other things, but forest management. reporter: the governor of oregon sees it a little differently calling that a devastatingly lie. the governor of washington said, thinning timber makes sense but the administration doesn't want to help finance that. both pointed out climate change as well could be an issue with the fires. the president spent the weekend highlighting the latest

executive order, the government via medicaid shouldn't pay for drugs in other countries. big pharma and critics panned the move saying that it means foreign governments would control u.s. pricing. the pharmaceutical industry has spent billions on ads trying to push down this idea that the president had of making sure that drugs that we pay are the same as what is being paid in other countries. back to you. david: wow, so much going on. edward, thank you very much. 50 days away from the election. both candidates heading out to crucial battleground states this week as voters prepare to cast their ballots. fox business's hillary vaughn is in pittsburgh with a lot more what is happening there. hi, hillary. reporter: hi, david, democratic nominee joe biden corrected his record on fracking a little too late for some primary voters but just in time the for voters here in the keystone state head to the polls. fracking is a business that employs over half a million swing voters here in the

battleground state of pennsylvania. biden says he has no plan to ban fracking but that doesn't mean owe isn't trying to phase out fossil fuels like natural gas and oil. part of biden's clean energy policy would crack down on dirty carbon emitting energy sources limit nating it from power plants in the next decade 1/2. forcing electric companies to get power from sources like wind and solar. his plan would put oil and natural gas wells out of work and create a quarter of a million new jobs by plugging up abandoned oil and gas wells. we talked to one biden supporter whose home is surrounded by fracking sites. she doesn't think the industry brought that many jobs from pennsylvania. it imported workers here from other places temporarily and turns them into ghost towns when the oil companies leave. >> i know two people that work in the industry personally. so i don't see this big, huge, job creation that is happening. i see companies coming in and

creating jobs and bringing people from different states, technically the higher end, better paying jobs. reporter: big corporations taking advantage of pennsylvania rich natural gas reserves. one farmer has a well on her farm. she grows soybeans and corn but also gets some royalties. >> no, my family and my husband's family we were raised toe, with the belief and the hope that america would some day become energy independent and if we can play a small roll in that, as blue-collar workers that live on a farm and are able to partake in the gas well extraction and weapon in our small way to, for the future, that's what it is about. reporter: big part of biden's push comes with dollar signs. at least two trillion of them. that is a big chunk of $5.4 trillion of government

spending that biden plans to spend over the next decade. a analysis of the plan by the university of wharton school says this is the largest spending previous proposal by a presidential candidate in half a century. it is double the size of new government spending that hillary clinton proposed when she ran in 2016. david: that is putting it in perspective. thank you very much. the race for the white house is getting tighter, a new poll shows president trump closing the gap in four key swing states. meanwhile the president warns voters that former vice president joe biden will cower to socialist factions within the democrat party. listen. >> dieden is too scared to stand up to the crazy socialists that never will. never have the strength. he is going downhill fast. david: "wall street journal" he had toward page assistant editor james freeman and democrat strategist laura fang join us now. thank you very much.

can biden make the case he hasn't conceded too much to the left of his party, economic issues, energy issues, even law and order? >> it is a tough case for him to make. as you point out he is starting out bidding more than twice the spending and more than twice the tax increases proposed by hillary clinton but also very bizarre. this is perhaps unprecedented in modern politics. after defeating socialist bernie sanders last spring in all of the key primaries and winning the nomination, biden then decided to create this unity task force aligned with sanders, the socialist to sketch out, it is on the biden website, it is 110 pages of bigger government. i think it is not so easy for mr. biden to run away from the socialist question here. david: laura?

we're trying to get laura, hold on one second, laura, we're having trouble hearing you. do we have that fixed now, laura's mic? no? okay. while we're waiting for laura's mic to get fixed, let me get to the continuing controversy that the president has been dealing with because of his dealings with bob woodward specifically over whether he lied to the american public about how bad the virus was. scott gottlieb, who was former head of the fda, was on the news yesterday speaking to this point and he put the finger not at the president for lying to the public but for federal agencies for giving him mixed messages on how dangerous the coronavirus was. let's listen to the tape, get your reaction. >> the white house leadership was failed by health officials. we did not have a dying gnostic in the field. so we couldn't screen for it.

we should have. we should have started working on that in january. we overrelied on a surveillance system built for flu not for coronavirus without recognizing that it wasn't going to be as sensitive as detecting coronavirus spread as it was for flu because the two viruses spread differently. those were two critical failings. the key function of agencies in the government to provide policymakers with accurate, actionable information. the white house didn't have it. david: should mention scott gottlieb is no big fan of president trump's. he has been highly critical on many issues involved with the covid virus but he is putting the blame on the bureaucracy, giving mixed messages about the covid virus in the beginning. do you think that is something that we'll hear from the president? >> well i think the bureaucracy, like a lot of government bureaucracies doesn't work perfectly but the whole premise of the woodward alleged scoop i think is really off target.

this idea that president trump new it was deadly but was hiding it doesn't square with the history. obviously we were all learning more including public health officials but the woodward interview occurred a week after the president had announced the travel restrictions on china. obviously you don't think take that fairly extreme step if you don't think it's a deadly virus. there were reports out of china widely known about the deaths happening there. just before the woodward interview the president had been talking to xi xinping and the chinese were complaining that the, our president was overreacting, starting to panic. this was after the doctor who blew the whistle in china just died. so the idea when woodward spoke to him nobody knew it could be deadly and the president was somehow hiding is just absurd. so -- david: let me get laura a chance to get back, james.

she was cut out of the first part of the conversation. can you jump in here laura, how much of this issue from the woodward book is going to be sticking to the president between now and the election? >> james is doing a really good job, taking out a shovel trying to dig president trump out of a hole, we see week after week, this is the latessest example. he knew the virus was deadly. it was less dangerous than the flu t would simply go away. didn't institute a mask policy. didn't institute testing and tracing. americans understand that cost lives. this is another hit to the body. it is self-inflicted by trump. so i think what we really need to be talking about are the swing voters. just as anger fueled trump voters in 2016, regret is fueling voters in 2020. we know that women, that perhaps cast their vote for president trump in the swing states now are looking to joe biden. we know voters stayed on the sidelines are requesting

absentee ballots. we're talking about grocery workers with kids at home that can't go back to the school because the pandemic has been mishandled. church administrative assistants who see that the problems that their vote in 2016 has wrought. that regret also has some energy. it means they're not only casting those ballots. they're calling friends, neighbors and saying that trump isn't the way forward. david: and james, i have just add to that the fact that you have a lot more money now coming in against donald trump. it is not all for joe biden but mike bloomberg, who of course doesn't like donald trump at all is going to be spending $100 million to help joe biden defeat president trump, probably mostly negative advertising on trump rather than promoting joe biden but how much of an effect is all this money that is going to be spent between now and the election going to do to help joe biden? >> he certainly won't lack for money, that's right. we do remember hillary clinton spent a lot more than

donald trump in 2016 and her losing effort. president told reporters the other day he is going to dip into his personal funds to spend whatever it takes to win. we'll see but, i also, if i could just with this premise that seems to be emerging that the president didn't realize how enormous covid would be, i think we ought to give him credit for not overreacting as some others did and we now seen in the months since how expensive these lockdowns have been for children who are at very little risk and have been denied education. david: laura, i give you the last 20 seconds. we almost run out of time. but you get the last 20 seconds, go ahead. >> ultimately this is referendum on trump's failures and the failures have come home to roost. we will see joe biden capitalize on these failures and propose a different way forward that

unites the country. david: good discussion, guys. laura fink, james freeman, good to see you both. tiktok parent byte dance is picking oracle as its american partner a week before president trump's deadline ariffs, but will it all be approved in the end? we have details on that, straight ahead. all otc pain relievers including voltaren

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david: good day for markets. the dow rebounding. the nasdaq really taking off, after the worst week of losses since the lockdowns began in march. it is up 2.25% today. to jackie deangelis with latest headlines. a lot of good news. reporter: that's right. look at the nasdaq there, over 11,000. it is 239-point gain on a day the dow up 379 points. big tech fueling this rally as investors are getting back in. tired of sitting on the sidelines here. big merger monday. that is signaling to investors that the market is ripe to do deals. that is a positive sign, why you're seeing so much green here. first up, nvidia, seeing a huge jump in that share price. it is buying chip designer arm

for $40 billion, softbank is making exit there. this is bit of a reboot, if you will, pardon the pun for the global semiconductor stem industry. that puts a lot of control with one single player which is nvidia, the biggest company by market cap. there is expected to be a pushback as a result of that from regulates and also nvidia's rivals. the news to buy imumetics is worth about 10 billion. this is double the value. gilead made headlines for the drug remdesivir, because it is making this purchase because immunomed decision has a prize drug. gilead agreed to pay $88 a share. that is 188% as a premium to friday's closing price. want to talk about sentiment, you have deutsche bank and

goldman sachs out there, saying the sell-off could end quite soon if history is any indication which is usually is when it comes to the market. the crux of the argument since the financial crisis, typical pullbacks of the s&p last for about 20 trading days and extend it by 7% from peak to trough. matching the magnitude of the most recent pullback if not the speed. that is what they're saying there. we'll have to look more than one day to see if we have a trend to the upside on our hands, david. certainly investor are optimistic. david: so much depends on the vaccine. progress on the vaccine. jackie, thank you very much. oracle confirming the deal with tiktok owner bytedance. to charlie gasparino whether or not it will be all be approved. i'm just wondering, charlie, that shows you how up to date, wondering what happens to microsoft? >> i will get into that in a bit in a minute, david. this is a weird deal.

this is not really a purchase. as they're framing it a trusted partnership. as you notice we don't see any dollar signs near this. david: true. >> i do not know how this meets the trump administration very high standard which is complete break from the chinese and sale to a u.s. company. this is not a sale, somehow oracle will be handling the app through its cloud. this is where it gets very complicated for oracle. it could be a problem going forward. microsoft was the one company that really wanted to buy it t wanted to buy it outright. it went to the chinese. when you go to byte dance, you're dealing with chinese government in a large respect. the chinese government owns every chinese company. that is what it is. the people's part own alibaba. they own a piece of this. it is part and parcel of this, microsoft made the following demand telling the fox business

network. wants total end to end control of ticktok's operations, essentially wanted english speaking operations of ticktok india. and gore gore. it want ad -- algorithm. by total end to end cloud it will guarranty a complete break with china. why does microsoft want the very high standard? microsoft does a lot of department of defense work. they are contractor to the department of defense. they did not need that hassle of even the whiff of chinese influence, up from, chinese influence. chinese, you say tomato, i say tomato. somebody said bytedance made the decision. the chinese are right there when bytedance making the decision. bytedance is the owner of tiktok. they were unwilling to give microsoft from what i understand, this type of control of the algorithms and other parts of the operations. so, in comes microsoft on a

pretty bizarre deal. it is a partnership. it is not really a merger. david: gotcha. >> it is not a purchase. you don't see any dollar signs. here is what i hear from at least the sort of, the quick take from the trump administration. remember this just happened. it will be up to the president obviously and steve mnuchin and mike pompeo and national security. they are still leery of this structure, from what i understand. it is kind of like a debate is going on inside of the white house. some are saying that this doesn't meet those strict qualifications, that complete break with china. it is a partnership, not a break. others, steve mooch may be in this category, do we want to get in middle of this election year where kids will complain to the parents who vote? david: my goodness. >> kids -- david: i know, they're addicted to it. >> i want to make this point. david: quickly. >> there is quick, big political

issues here. larry ellison is very close to president trump. bytedance, which is the parent company of ticktok, two of its biggest investors are sequoia and general atlantic. sequoia is run by a guy named doug leone. atlantic run by bill ford. they are major players in silicon valley. they do have a political, they have a strong political angle here. still inside the administration there is a debate. is this partnership what we really want? listen, if you believe that tiktok is really is a bad player, partnership doesn't do it really. david: i would not want the chinese government in a company that deals with the pentagon. that really, i think that is the biggest hook for the, for this administration. anyway, we leave it at that, charlie. great stuff. thank you very much. tropical storm sally, we have breaking news, has just been upgraded to a hurricane. category 1 hurricane.

it could gain strength as it travels over the gulf of mexico. look where it is headed, right to the gulf areas that have seen far too much hurricane activity in the past. these things have to be monitored very closely. that is exactly what we're doing, the very latest on now hurricane sally coming up. ♪

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a single day record, a spike of 32% over a week ago. they're not seeing the similar spike in hospitalizations that go alongside with those new cases. in part because many of the newly-infected are young adults. many of them are college students. the thousands of college students who have been infected are really forcing a number of universities to take classes at least temporarily online. >> all sad being here just to see where you would have lived and see where you would have taken classes. so it's a little sad and disheartening being here. we'll get through it. >> of course we all want to come back on campus, if they keep having large gatherings as they, it we can't. it is upsetting they won't all do what they can so we all can come back. reporter: as far as vaccines go, the ceo of pfizer says he expects to know by october whether or not the latest version of the vaccine will work. if it does, they could have distribution by the end of the

year. david, back to you. david: sounds like good news. thank you very much. some counties in florida are advancing reopening process. miami-dade florida mayor carlos gimenez joining us now. i was looking new cases in florida. i couldn't isolate miami-dade, but new cases come down significantly from the spike in july. has the same happened in miami-dade? >> yes they have a lot. we have a probably, about, a 70, 75% reduction in hospitalizations. positivity rate today was, yesterday was up 4.3%. i understand we had about a couple hundred cases, new cases today but that's, that is a lot less than what we were at the peak about four weeks ago. and so, news is good here in miami-dade, broward, palm beach. couple weeks ago we started opening up restaurants, interior

spaces. exterior spaces. we moved our, today we moved our curfew back to 11. then we'll be opening up additional spaces hopefully some announcements later this week after we iron out to make sure that our contact tracing program is solid and, and enforced. so that when we start to opening up these spaces we can do better contact tracing than we did a couple months ago. david: let me ask you specifically. i'm sure you're seeing kerfuffle up here in new york about restaurants. at first the mayor and governor saying nothing open until june. there was a strong pushback on that because that would have meant the end of several thousand restaurants in new york. then they said 25% opening in a couple of weeks but with contact tracing. that is, at least one member of the party will have to give a phone number so that if anybody gets sick we can trace who that was, what happened to the other participants. are you opening in similar fashion with a very limited 25%

indoor opening and contact tracing? >> no. we opened up with 50% and six foot separation. david: wow. >> six foot separation from tables. parties of up to six. we encourage as much as possible, when possible to open the doors, open the windows on interior spaces. we've always had outdoor dining and again, with six foot separation. what we do is, we try to make up the capacity issue indoors with allowing you to open up outdoors. so we've been very liberal with opening up outdoor spaces. we've seen a lot of restaurants do that. but no, we started out with 50%. david: wow, that is grate. good for you. by the way, of course you can do what restaurants in new york can't. you can seep these outdoor spaces all winter long. they're going to have to be closing up sometime around mid-november. so with 25% a lot of the restaurant owners say they just can't survive. so it's really a death knell unless they open that up.

there is a lot of protests here. so they may still open up more. how comfortable will you be to go to phase three, which would be a more complete opening? >> well, look, about the only thing that i'm really having a difficult time with is bars and nightclubs and that is a big part of our scene down here in miami but you know, bars, you got to take your mask off to drink. you're getting close, all that. that will be a little bit more difficult for us. outside of that, look, this sunday, we have a miami dolphins are playing at the hard rock, we're allowing fans, 13,000 fans to take precautions. david: wow. >> they have done a magnificent job at the hard rock to keep people safe. you have to be able to open things up. do it in safe manner. wear your mask. keep your distance. enforce the rules f we do that, simply wear masks, keep our distance, we can open up a heck of a lot more things to open up.

we're in a good spot. we want to continue the trend down. then open up in a reasonable and responsible manner, keeping our folks safe. we got to get our economy moving again. david: the whole country does, mayor. i want to ask about tourists because of course as winter approaches a lot of people from up north are going to coming down to visit you and spend time with you. have you been dealing with not just the restaurants but mostly with the hotel industry as they prepare for us? are they going to be able to open up their hotels so you have active season of northerners coming south for the winter? >> we have a whole set of rules. our hotels are up open. we have a whole set of rooms. when you're out and about the room, you have got to wear masks interior spaces et cetera. outdoors, even in pools, there is separation. our beaches are open, have been open but we have what we call ambassadors on the beach to make sure people, groups are separate

from each other. so that you know, you don't have all this bunching. we don't want to see the same images from the ozarks, people all together without wearing masks. look, you can have fun. you can go outside. we want you to be outside but we want you to do it responsibly. if you do it responsibly, you're fine. likelihood of catching this virus if you follow our rules, if you follow these guidelines is small. is it zero? no. but it's small. david: acceptable risk. i think that is the phrase, acceptable risk. we have only 20 seconds. but how long do you think it will be before florida fully recovers economic devastation of the lockdowns? >> 2 will be a while. in miami-dade it will be a while because a lot of our tourists, a lot of our income, a lot of our trade happens with latin america and europe and they're locked down. so until we can get the entire world basically open, it is going to have an effect here in miami-dade county. we're an international city. we expect, it will linger longer

than other parts of united states. david: you really have the city that is, as much of an ambassador to the rest of the world i think new york city is, particularly to the southern hemisphere. god bless it. we love miami-dade. best of luck to you, mayor. sounds like things are going in the right direction. congratulations carlos gimenez, thank you for coming in. >> thanks for having me. i appreciate it. david: a manhunt is underway for the gunman who fired at two deputies in los angeles. a devastating assassination attempt. there is no other word for it. a report on the latest coming next. this is decision tech. find a stock based 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. with the icon that does the same. the rx, crafted by lexus.

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shooting into the patrol car before they had any warning what would happen. william la jeunesse is in l.a. with the latest. reporter: the deputies are in critical but stable condition. doctors say they will both survive. they were shot in the face from about five feet away. >> i think they're going to embrace the idea that they were very, very fortunate, both of them considering how many times they were shot, that they can actually walk away from this and recover. that is just a miracle. reporter: one deputy a 31-year-old female, and mother, was shot in the jaw. her partner, a 24-year-old officer was hit in the forehead, arm and hand. 100,000-dollar reward has been posted for the suspect, described as a black male, 28 to 30 years old. surveillance video as you said shows deputies inside the car. the suspect approaches, fires multiple times, five times through the window, then escapes with an accomplice in a mercedes

sedan. both deputies were in surgery when a dozen protesters surrounded the hospital that they were in, trying to block the entrance and shouting i hope they die and you're next." sunday there was a counterprotest. police supporters showing up in cars, decorated with blue and black balloons. >> i saw there, is, disgusting an. on the level of humankindness and compassion, they don't even rate. i wonder, i wonder how, wonder how they live with themselves for that type of behavior? reporter: vice president biden tweeted this cold-blooded shooting is unconscionable. the perpetrator should be brought to justice. viiv lens of any kind is wrong. president trump added this last night from nevada. president trump: the radical left in america is waging open war on law enforcement. hundreds of officers nationwide have been injured and left-wing

riots and mobs. you see it all the time. reporter: the surveillance video was shot with the lens that distorts image, so the person is not as small as he appears. they are looking at more surveillance cameras hoping to develop a lead. david: horrible. amazing they got away with a mercedes as well. that says a lot in addition to everything else. president trump condemning as you heard the ambush shooting saying police killers should get the death penalty, to georgia state representative vernon jones now. do you agree they should get the death penalty if they are found? well, all right. i'm terribly sorry, folks. but we lost vernon jones' audio. >> hello? david: got it re-established. vernon, can you hold on one second. because i just want to introduce this again. the fact that is not only the

perpetrator at large but you have these protesters who came out, blocked the emergency room of the hospital to which he was sent, actually chanting, we hope they die, referring to the two deputies. then you have a city manager who posted on instagram, an instagram message that chickens have come home to roost. essentially justifying the shootings. how do you spend to all of this? >> well, first of all it is open season on police officers now. this has been pushed by antifa, black lives matter and many democrats who are out to defund the police officers. they have turned their back on law enforcement. i am seriously for the very first time believing that this should be a hate crime but not only a hate crime, to assault police officers but we really have to seriously consider the death penalty when someone goes out and shoots a, shooting in cold blood, with cold-blooded murder a police officer. here is a male and a female, who

has a six-year-old baby, sitting in their cars. that was a coward to do that. this has been made and pushed by again many democrats who refuse to play down the defunding of police departments. they are literally trying, as opposed to reforming police departments there are literally attacking police departments. that is why you see many police chiefs who are literally resigning. they're stepping down and many law enforcement officers because the democrats and these other groups like antifa and black lives matter declared open season on law enforcement officers. david: now meanwhile, you have a lot of law enforcement chiefs that have resigned or been forced to resign, four of whom, by the way are african-american. they have their sights, i'm referring to they, not only black lives matter but to a lot of legislators like congresswoman rashida tlaib on james craig, who is the police

chief, very successful, i should mention, police chief of detroit who has help prevent some of the rioting we've seen in other cities happening in detroit. luckily he has the support of his mayor. they're firing black police chiefs in the name of racial justice. how does that make sense? >> you know, it's a slap in the face to so-called systemic racism. what is really systemic race i am? when you have democrats firing blacks. you have blacks firing blacks. when you have blacks killing blacks. that is systemic race i am? no. i don't think so. what you have here, joe biden, nancy pelosi, chuck schumer, most democrats, democratic party, they have gotten so far left until now, again they do not support police officers and their families. they have declared open season on them. and i've been a county executive. i've had to direct a very large police department. i have had to deal with shootings on both sides. you deal with the bad elements but to paint police officers and

police departments across, with a broad brush, that, they don't need the support, that they needed to be defunded, they're being demoralized. they're being literally just having their backs, the democratic party is literally turning their backs on them, where do they go? when you turn your back on law and order, you will have nothing but chaos. it is important for president trump to win. because set "last man standing" between -- law and order. if we don't, if you joe biden run by lack lives matter, by antifa, the democratic party, they're going to declare open season on law enforcement and it will be chaos. this is about positions and policies. this is about law and order, but a coward, i still haven't heard joe biden or nancy or the political, democratic party come out and denounce these rioters. it is not protesters. and for those individuals to go

to the hospital and say things they're saying about this man and woman who are fighting for their lives -- david: vicious and disgusting. no excuse for it whatsoever. >> it is un-american. it is un-american. david: representative, we have to leave it at that. we wanted to talk about your encounter after the president's acceptance speech in august with some of these protesters, rioters. unfortunately we've run out of time completely. but please come back and see us again, representative vernon jones. we appreciate you being here. thank you very much. >> thank you, too. david: tiktok says it split submitted a preproposal to the treasury department saying it would quote, resolve the administration's concerns. there are a lot of concerns the administration has. we'll talk more about this right after the break. stay with us

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♪. david: the election is just 350 days away but the results may be a lot further than that. to correspondent chad pergram, talking about out the delays could lead to a president

nancy pelosi. is that possible? reporter: this is a remote possibility but this is theory that president trump propounded before. president trump: the theory if you don't have it by the end of the year crazy nancy pelosi would become president, you dough know that? reporter: states must decide by ms. decent which electors to send to washington. what happens if the state is still counting. in hawaii, they sent in two slates, one for john f. kennedy. the other for richard nixon. >> if, for example, there are conflicting sets of electors sent to the congress, if a governor or a legislature refuses to send any electors to the congress, you know, there is a great deal of discretion that is left with the congress. reporter: but if congress can't decide who wins in the electoral college, the 12th amendment to the constitution dictates the house elects the president in something called a contingent election. the house elected two presidents, thomas jefferson in

1801 and john quincy adams in 1825 but pelosi could become president if they haven't sorted this out by inauguration day. if you don't have a president noon on january 20th, the presidential succession act kicks in. there is no president. there is no vice president. so it falls to the speaker of the house. the speaker must resign the speakership and from congress. they become the acting president, but in a contentious election in the house, each states gets one vote. >> no difference in the political power of the states no matter how small or large they are, if it comes to u.s. house having to decide who is the president of the united states. reporter: in essence what they're saying here, california even though there are 53 seats in the house of representatives in california is the same as south dakota or alaska. one vote per state delegation. right now republicans they control more state delegations than the democrats do. it's close. but they would sort that out

come january. david, back to you. david: wow. if no result by january 20th, then indeed, as the president said, nancy pelosi could possibly become president, right? reporter: absolutely. that is what happened with thomas jefferson. they counted ballots for six days, 36 total ballots and that is why that could potentially, potentially, i will underscore that, could drift past january 20th. david: what a scenario. a lot could happen. chad pergram, good to see you, chad, thank you very much. starting today the company indeed is launching its virtual hiring tour around taking it all over america. ceo chrys hyams will be joining me with how many people they're hoping to get hired. maybe it's you. ♪

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david: welcome back. i'm david asman in for neil cavuto. we have a busy hour straight ahead. first, the battle over blue state bailouts. why gop leaders are now speaking out against including that state funding in the next relief package. then from getting a relief bill done to getting a job, indeed ceo will be joining us in minutes on his company's goal to get 20,000 americans hired amid the pandemic. and more people left

california last year for other states than arrived for the first time in more than a decade. all of that and so much more on the second hour of "cavuto coast to coast." new york city restaurant owners petitioning the mayor to reopen the big apple for big-time indoor dining, pleading with mayor deblasio to increase capacity limits. it's only 25% right now or due to be, before it is too late. kristina partsinevelos has the details. they are fighting back, kristina. reporter: yes, they are. i think the key words you said was before it's too late because unfortunately, a lot of restaurants have already closed their doors for good. this is uncle nick's, well-known greek restaurant. you've got literally lining the streets here in hell's kitchen a bakery, i used to live here so i remember these spots, closed permanently which is why a few hundred restaurant owners and workers took to city hall to protest the reopening process, especially indoors.

so far, the city is only allowed to open at 25% capacity as of september 30th. protesters say that is not enough. they are demanding that they open at 50% capacity by september 30th. they want to open 100% by november. they want to be able to open up bars because bars unfortunately will still be -- remain closed according to new restrictions and they also of course, as many other industries, they want federal relief aid. i spoke to several people on the ground. they were protesting just a few hours ago, on why they are so disdissatisfied with the reopening process here in new york city. listen in. >> we've had six months to figure this out and collectively, no one's come together and said hey, we need to pass the restaurants act, we need to keep these businesses alive. if we can't open, nobody else should be open. my best friend lives in westchester. i've had dinner multiple times inside. reporter: of course, you can hear their frustration and a lot of them are still having to pay

rent so they are not making ends meet, a thin margin, and of course, health and safety are of utmost priority especially with the cdc saying transmission rates could be a lot higher inside restaurants. however, there is a new survey coming out as of march 1st all the way until september 1st there's been roughly 150 restaurants that have permanently closed their doors in the city. other envieyen venues are estimt to be well over 1,000. all of these protests, all of these demands and i guess communication with the mayor comes today, yet the mayor came out, mayor deblasio of new york city, saying hey, we are going to go ahead with the macy's day thanksgiving parade but they have made absolutely no mention of indoor dining. for now, a lot of these restaurants will have to follow the rules which is 25% capacity starting on september 30th. who knows when 50% capacity will come around with restrictions of all restaurants closing at

midnight, no bars remaining open. still a very tough time for them. david: such an important story. thank you very much. very much. well, californians fleeing the state there in record levels for the first time in a decade. more people have left the sunshine state than have arrived and it's not the only area facing population declines. to "new york post" editorial board member kelly jane torrance and republican strategist john thomas. good to see you both. john, you are in california. it is a beautiful state, no denying, but you have always paid a premium for living there, a tax premium and regulations and everything. but now you have these other premiums for staying there, crime, the increase in crime, quality of life issues, the homeless situation has been totally out of control for a couple of years now, and now you have a tax on police officers in l.a. i mean, the penalties for living there are outweighing the advantages. >> that's right, david. and the promise of this california dream is simply gone.

i'm sitting here in an office building in california choking while we do this broadcast because the fires are so out of control up and down the state. some man-made but really, it's a fault of government to do forestry management and others and going into november, there are even more taxes on the ballot to tax commercial property owners and others. californians have a breaking point and you are seeing it with their feet. they are leaving for other states that simply maybe don't have quite the weather but have everything else going for them. david: kelly jane, even without covid and without the riots related to the police protests, california was losing people. there are more people leaving than coming in 2019. i suspect right now, that number is going to be huge as a result of what we have seen in the past six months. >> david, everything you said about california certainly applies to new york and actually, last year, 2019 was the third straight year of

population decline here in new york, led by new york city. so this was happening pre-covid but i think that what we have seen in the last year is going to speed it up. i think it's a bit of a tax in california, the same thing in new york, higher taxes but people like living here. why? because they go to the greatest restaurants in the country? as you and your reporter just noted, they can't even have a meal inside right now. this is the only place in the country right now you cannot dine indoors. you have seen a huge increase in crime and mayor deblasio simply ignores the problem. we had a weekend here recently where six people were shot at one event and deblasio said well, other than that, it was a peaceful weekend. it's just crazy. so we have seen already with the high taxes and mismanagement and i think the pandemic, not the pandemic itself so much but the response to it politically is going to speed it up. david: john, the other thing we

have in common, the west and east coasts, at least new york and california, is that you have a dearth of alternative candidates, whether they are moderate democrats or conservative republicans that are willing to take on the establishment. has that flipped a little now with the killing -- i shouldn't say the killing, forgive me, because they are still alive, the shooting, the assassination attempt of the two deputies in los angeles over the weekend, is that beginning to change? are people finally in california, even the liberals, saying i'm not going to go with these democrats who are letting crime get out of control? >> well, we haven't seen it in the state legislature but we are starting to see it in certain select polling in southern california that i have conducted recently and it's essentially look, the number one job of government is to keep us safe and they are failing at that. what's interesting is all of this black lives matter and far left protest, they want police reform, they want criminal justice reform and others, by

attacking law enforcement, they are probably going to get the exact opposite because the pendulum is going to swing hard back in favor of law enforcement being tougher on crime and you know what? i hope it does, because it's a dangerous place to be here in california right now. david: it is in a lot of cities, not only california, but chicago, new york, et cetera. meanwhile, kelly, we have new jersey which could be facing an exodus of its own. their stock exchanges and trading platforms who are banding together now to try to create the coalition to prevent the taxing of retirement savings in an effort to push back against governor murphy's plan to tax high volume stock trades. couldn't these exchanges move right out of new jersey and say sayonara, we are getting out of here? >> they could, and in fact, they have been testing it out. now, a lot of people don't realize the new york stock exchange, nasdaq, they are just two of the exchanges that

actually use new jersey and it's great for new jersey business and if they leave, it will be a huge problem. they already started testing, for example, going through chicago to do their transactions if governor murphy does this tax. you know, it's certainly something that even at the federal level, the democrats would like to do. michael bloomberg, who made his money on wall street, had that in his platform. biden has been open to it. he hasn't put it on his platform but he's been working a lot with bernie sanders, who released a federal bill that would tax financial transactions. people don't realize, everybody who has retirement accounts, this would affect them. now we have seen with the pandemic that businesses are more mobile than ever. david: absolutely. absolutely. now more than ever. again, even governor cuomo was willing to admit that 50% of the state's tax revenue comes from the top 1%. you keep taxing that top 1%, and you are going to have capital

flee and suddenly all of these states are going to be broke. great to see you both. thank you very much. appreciate it. well, gop leaders holding a virtual press conference on capitol hill today to voice their opposition to including increased state funding as part of the next covid-19 relief package. fox news chief congressional correspondent mike emanuel is inside the beltway with the very latest. reporter: good afternoon. bailing out state and local governments is a major sticking point right now in terms of further coronavirus relief. democrats would like nearly $1 trillion but key senate republicans say after spending $3 trillion in overall covid relief this spring, no chance. >> i think it's mostly a moot point because my opinion is unless pelosi, schumer and mnuchin and the white house put something together, i think the ship has sailed in terms of something we would do. reporter: the white house is

willing to do some, perhaps 100 to $200 billion but nowhere close to what speaker nancy pelosi and her fellow democrats want. >> one major disagreement between us is that the administration and the republicans in congress are disrespectful of the role that state and local government plays in fighting the virus as well as in educating our children and meeting the needs of the american people. reporter: there's been a war of words between new york governor andrew cuomo and a former florida governor, florida senator rick scott notes his state has about three million more people than new york and yet new york governor andrew cuomo's budget is nearly double florida. >> what happened is i watched my budget and he didn't. so now we have around 23 million people in florida. his budget was less than 20 million people, is almost double florida's. so he can't live within his means. reporter: -- an election is 50 days away and it feels like both parties are in their respective

corners. you may see the house try to pass some smaller items to give democrats something they can use back home when campaigning. david? david: that was an interesting conference. i saw art laffer and steve moore there. they were getting supply siders into the conversation. mike, great to see you. thank you very much. well, as the u.s. job market tries to recover with at least 20 million initial jobless claims since the shutdowns began, indeed is launching a virtual hiring tour across the country which is free for job seekers and participating employers. indeed's ceo chris hiams joining me now. good to see you. tell us exactly how this tour works. >> david, thanks for having me here today. indeed's mission is to help people get jobs and for the last 16 years, that's what gets us out of bed in the morning and what keeps us up at night. the last six months, we have just been hearing the last couple minutes on your broadcast here that that mission of helping people get jobs is more important than it's ever been.

so today, we are very excited to be launching our virtual hiring tour across the u.s. our goal is very simple, to help america get back to work. over the next six weeks, we are hosting four week-long events, region by region in the u.s. we are starting with the west this week, then moving to the south, the midwest and the northeast. the events are all virtual. interviews are hosted on indeed's video interview platform and that allows job seekers and employers to connect safely and efficiently from their homes or wherever they happen to be. the tour is designed to help people from all backgrounds. we have roles for essential workers to licensed professionals. every employer who is hiring has at least 20 open roles right now. some of them have 500 or more. this is free for no cost at all to job seekers and employers and our goal is to get 20,000 people hired over the next six weeks. david: forgive me but let me just ask if it's free for both the employers and job seekers? how do you make money? >> well, our business in general

is that employers advertise their jobs on indeed but right now, we believe the most important thing we can do is help get the economy regoing and so we are offering actually $10 million of free advertising to all of the employers to promote these events. we are doing that all ourselves. so far, we are off to a great start. we have more than 500 employers signed up just for the west coast, more than 80,000 job seekers have already rsvp'ed. david: how do you cut the list down? obviously there are going to be more people looking for jobs than jobs available. how is it that you begin to cull the list down? >> what we are doing is actually very simple. this is built out of our hiring events technology we have had to help employers run large in-person events. we have run 40,000 events over the last few years. but since covid hit, basically the in-person events shut down and we moved that all virtually. so for a job seeker, they show up and they check in, they can sign up for as many different

jobs as they want. they can go, anyone who is interested go to indeed.com/virtual hiring tour, and they will show up on the day of an event, an employer will interview dozens of candidates back-to-back. they check in, they wait in a virtual lobby. when they are ready, they move into the virtual meeting room. so the goal is just to connect them directly with an employer who is ready to hire right now. david: this is wonderful information. i just have to ask you one quick final question before the covid lockdowns, we had an economy, first time in my life, where you had more jobs than you had job seekers. it was an extraordinary period of economic growth and jobs. when do you think we will get back to that? >> well, we are seeing a recovery already. right now, there are millions of people out of work but there are also so many employers who are desperately hiring right now trying to fill roles in logistics, in health care, also in technology. there are opportunities out there for job seekers everywhere. we really hope that people come and check out our virtual hiring tour. david: it's great work. i know i'm going to recommend it

to a number of people. it's called indeed.com/virtual tour, is that right? >> indeed.com/virtual hiring tour. david: virtual hiring tour. best of luck to you. it's a very valuable exercise. we hope it pays off. chris hyams, thank you very much. appreciate it. well, pfizer is fueling more vaccine optimism. why the company says they will know by next month if they have a safe and effective treatment. details coming up.

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david: we just wanted to clarify something about the macy's thanksgiving day parade, such as it will be in 2020. it was mentioned in the last segment that in fact, they are going to go ahead with it. it's going to be a virtual parade. they are going to have a parade but it's somehow going to be a virtual parade. all the details of which have not been arranged but i'm sure they are working hard on it right now. we just wanted to emphasize the fact yes, there will be a parade but it will be virtual. whatever that means. something that perhaps will end the necessity of virtual parades is that the vaccine may be a little closer now. the race for a coronavirus vaccine is on as pfizer's ceo

says there is quote, a good chance that we will know if their vaccine works by the end of october. to dr. nicole saphier, fox news medical contributor. i think this is magnificent news. of course, it has become politicized, i'm sure you hate it when that happens, when science has to take a back seat to politics. we had kamala harris who is running for vice president suggesting that she may be worried about taking a vaccine during a trump administration. if there is -- is it fair to say that if the vaccine is available, it will be safe? >> well, listen, let me tell you, the political spectacle surrounding vaccine and treatments when it comes to covid-19 is really undermining public trust and hindering our progress in the fight against covid-19. we cannot have politicians saying they won't take a vaccine if one becomes available. bottom line, the united states puts forth safe and efficacious products. we already have many of our drug

makers right now doing a public pledge saying they will not put forth a vaccine unless they have adequate phase 3 data. pfizer, moderna, the others that are already in phase 3 right now extremely hopeful they will have that data but we must set realistic expectations regarding the vaccine. it's not going to be a magic bullet. but if it becomes available, it will be proven safe. that is the only way the fda is going to approve it. david: there was fear last week when it turned out one of the participants in the astra-zeneca vaccine did get sick. we don't know why, we don't know the details of it. a lot of that information is being held because of personal patient information. but dr. fauci responded to assure us all, he said look, that's actually good news for the general population, not obviously for the person who got sick, because it shows that details, all this, are transparent. we know what's happening, if somebody gets sick, that should

affect the way in which they are conducting the trial and in fact, the trial is now ongoing. so for whatever reason, they were able to continue with the trial even though somebody got sick. >> well, that's right. the astra-zeneca trial has been paused twice now. the first one, a patient developed multiple sclerosis not because of the vaccine which is why it resumed. then the second time because of the severe symptom and we don't necessarily know exactly what it was. the ceo did tell a group of investors that it was symptoms of transverse myelitis which many times is ideopathic. this is aurll public knowledge. in terms of the trials, they are widening patient participation, including adolescents, those with hiv, hepatitis b and c and the elderly. they are doing that to increase the diversity so we can have a good snapshot of the u.s. population to make sure that any vaccine that gets approved is

safe for everyone. david: i don't want to rain on any parade because there's a lot of good news about a vaccine. on the other hand, we did also hear from dr. fauci that we shouldn't expect a snapback to the economy as soon as we get a vaccine that's generally available. it will take a couple of months to spread it around and to give us all the assurance that in fact, we don't have to worry about covid anymore. do you agree? >> well, listen, when it comes to a vaccine, it's not a magic bullet. first of all, it only works about 50% of the time, just like the flu vaccine so again, if every american took it, it would only work 50% of the time and to reach that herd immunity we really need between 40% to 70% of the population to either get the vaccine or have already been exposed to the virus. one thing that i have to stress that if the vaccine is available and you are able to get it, i strongly urge you to get it, in addition to the flu vaccine, because this will not only p

potentially prevent covid-19 and flu or lessen the severity of the illness which will keep you out of the hospital and keep the icu beds open. it is very crucial to remember vaccinations do work and they are essential moving forward. david: i just want to mention, by the way, kamala harris said she would have some questions about it, joe biden, for his part, did say i don't care what would happen politically, i'm going to take it once it's available. so we have kind of a split decision on that ticket. dr. saphier, great to see you. thank you for coming in. with millions of kids learning remotely this fall, why some are resorting to looking to cash in on school-cations. details after the break. turn on my tv and boom, it's got all my favorite shows right there. i wish my trading platform worked like that. well have you tried thinkorswim? this is totally customizable, so you focus only on what you want. okay, it's got screeners and watchlists.

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♪ david: this is very interesting. resorts are now looking to cash

in on remote learning opportunities, struggling properties hit by the pandemic trying to make some money by offering families schoolcations. ashley webster has the details. trying to make lemonade out of lemons, huh? >> yeah, you know it. vacations, staycations so why not, david, schoolcations, with so many children taking classes remotely, struggling holiday resorts seeing it as an opportunity to drum up business. affordable vacations for the families that let kids attend school and everyone has fun afterwards. hotels in the u.s. and mexico jumping on the trend, offering distance learning vacations that provide everything from private tutors to dedicated classroom space and tech support. in mexico, for example, at the four seasons nearpuertavallarta, nannies have become study

buddies and poolsidecabanas have become stations complete with wifi and tv monitor. the afterschool program consists of activities around the resort. you are asking the cost. the cost for a week's worth of remote learning at the four seasons starts at $625 a week. >> all you need is an internet connection and your kids are doing online learning so all they need is an internet connection. a lot of these resorts are giving you very aggressive pricing to come down and spend two, three, four weeks to work and learn and that gives you the opportunity to do those things but also to enjoy an all inclusive resort. ashley: if you want to stay within the u.s., there are numerous resorts large and small offering similar packages. that includes montage hotels and resorts that offer monitored study halls, virtual tutors and elective activities including

yo yoga, hiking, art and cooking. locations include utah, california. the cost per student about $175 a day or $725 for the week. the tutoring prices are on top of whatever you pay to travel and stay at the resort but right now, there are many low-priced deals on offer, giving families a chance to take a vacation at a time of year when they would not typically be practical. maybe a silver lining in what promises to be a long school year ahead. of course, you have to have the money in the first place to be able to take advantage of it. david: that's true. that's true. but it is an opportunity. let's hope they do well. ashley, thank you very much. keeping on education, as more students change to remote learning, should schools be changing how it's all financed? my next guest says public school funding should follow the child if families choose to educate them outside of the classroom. let's bring in director of

school choice cory deangelis. good to see you. again, this could be sort of a silver lining to the lockdowns, the fact people are becoming more aware about how their education money is being used and how it should be used, right? >> yeah, absolutely. we see so many private businesses fighting to reopen, including day cares and schools, whereas too many public schools are fighting to remain closed. i think the difference here is one of incentives. one of these sectors gets your money regardless of how well they provide you with adequate educational services. so if the money follows the child with the school choice initiative such as education savings accounts, the schools would have much stronger incentives to reopen in a timely and effective manner and think about it, we do this with essentially any other taxpayer funded initiative from pell grants to food stamps to pre-k programs. if that institution doesn't reopen, you can take your money elsewhere. we should do the same thing with k to 12 education funding.

i think families are figuring out that it doesn't make any sense for the schools to continue getting their children's education dollars when they are not even reopening for their children. david: in many cases, that's well over between $10,000 and $20,000 a year per child. lot of people are wondering if their money is being well spent. stay with us, because i just want to alert our viewers, we are monitoring this situation, the vice president -- former vice president joe biden is now speaking about the forest fires all over the west coast, suggesting that it's all a result of climate change. of course, lot of people criticizing the governor of states that are experiencing this for some of their policies that may have exacerbated some of those fires. but be that as it may, the former vice president jumping on this as an issue of why climate change is so important. keeping it on politics, cory, back to you, cory deangelis, the idea of school choice,

regardless of the lockdown, was becoming more of a political issue. i would suspect the lockdown has given a little advantage to people who are in favor of school choice, that is, giving parents the right to use the money that they spent on education for wherever they want to, whether it's in a public school, a charter school or even a parochial school. >> yeah. the way i would define school choice for anyone listening is just funding the student rather than the institution. the current school system, we fund institutions regardless of whether you are happy with that institution, regardless of whether the institution's even opening. with other programs, like food stamps, if your local grocery store like walmart doesn't reopen, you can take that money elsewhere. we should do the same thing with k through 12 education funding. and -- david: forgive me, but we should mention that, you know, if you're a rich person, you don't have to worry about spending twice, your tax money for education and then paying extra for private school. but if you are from a poor

minority community, or even middle class, you are kind of stuck. you can't afford to spend more money than you are on taxes and paying for it. that's why school choice is so important. it gives freedom to middle class and poorer folks that rich people already have. >> yes, absolutely right. rich people already have school choice. they can afford to spend money, live in the neighborhood that's assigned to the best traditional public school but they can already also afford to pay out of pocket for private schools or home school co-ops or pandemic pods. lot of people are pointing out that pandemic pods could lead to inequities but miss out funding the students directly so poorer students can take advantage as well. david: thank you very much, cory deangelis. appreciate it. nasdaq is starting off the week strong after suffering its biggest one week decline since march. but the recent roller coaster ride for technology, is it behind us? stay with us.

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david: telling taking a big hit the last couple of weeks, with xlk, that's sort of the tech sector etf, dragging it down but today, it is leading the gains. pacer etf president sean o'hara on whether this tech volatility is over and i should say, sean, since i began the program, nasdaq was up about 2.5%. it's now up about 1.5%. so it's coming down. we still have a couple hours yet to go. is all the damage done? it looks like it could take another hit or two before it's all over. >> well, thanks, david, for having me on, first off. good to see you again. i think what you just led is sort of the answer to the

question. when you can go from up 2.5% to up 1.5% in a matter of hours, i think that's an indication we are going to continue to see increased volatility. xlk is an interesting way to play the technology sector, but i think investors need to really understand that about 42% of the weight in that etf is essentially two names, microsoft and apple. so as microsoft and apple go, so go the performance of that etf. and those names are up quite a bit. i think apple is up almost 100% in the last 12 months. so any time you get those kind of gains in that short a period of time, i think two things are probably fairly certain. one is that you are going to see some volatility and two is i think people are going to start to take and harvest some of their gains and redeploy the xapt oth capital other places. david: is the three qs, used to be the four, but the three qs, a better, broader sort of tech play than xlk? >> well, it is and it isn't. the qs is a heavily

tech-weighted etf. we have a version of the qs at pacer etfs. it also has access to health care. health care and technology in this concurrent pandemic we are going through have been the two best sectors of the overall economy from a market appreciation perspective. there has been other sectors that have performed woefully under this environment. transportation, industrials and so forth. tech and health care have led. if you wanted to broaden out your exposure to technology, the qs might be a better way to play that. plus you are getting some of the social media names that are not in xlk that are big weights in the qs and you are getting access to the biggest behemoth of them all, amazon. david: let me talk about investing or preparing to invest in a post-vaccine, post-covid environment. we are going to get there. the only question is when. should we start investing now, start looking forward? you mentioned the sectors that were really hit hardest by the

pandemic. is now the time to begin to go in and grab some of them, because undoubtedly, they are going to recover as a result of a vaccine. >> well, yes and no, again. they will eventually recover but just take airlines and hotels as an example. they have been decimated by what's going on and i don't think that at some point we will eventually get back to being more comfortable flying around and staying in hotels but it could take a lot longer than you think. there are going to be some head winds, for example, as we all are learning how to be more effective working remotely and as business travel is a big part of their income and revenue stream. even if we do get past the pandemic, i think they will still struggle to get back to their pre-covid level. i think you have to be careful. i think it would be a very healthy thing overall for the market if some of the other parts of like the nasdaq 100 or the s&p 500, the two big broad-based indexes, if some of the other names would start to

carry the torch a little in terms of the total return. we have been very narrow in our focus. five names are like 22% of the weight of the s&p 500. the same five names are 40% something of the weight of the qs. so we need a broader market appreciation in order for things to continue to move higher. david: you are absolutely right. look around new york and you know a lot of that commercial real estate is not going to be filled. it's been empty for six months. it will probably be empty even after the vaccine comes in. great to see you. thank you very much for being here. good to see you again. >> thank you. david: well, trump about to receive wildfire briefing in california. the president is on his way from nevada to california right now. we will give you updates on that after a short break. non-valvular afib can mean a lifetime of blood thinners.

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david: president trump is just about to land in california, where he will be briefed on the west coast wildfires. fox news correspondent kristina coalman has the latest on the devastating deadly fires. reporter: hi, david. right now, as we speak, a helicopter is flying just in front of me. they are doing water drops on the mountains over here on this

fire northeast of los angeles. it's actually gotten larger since saturday, forcing more people to evacuate. the president will be here shortly to be briefed on these wildfires. we also learned that california governor gavin newsom will be in that briefing as well. they are going to hear about these efforts to try and get these fires under control along the west coast. they have killed at least 35 people, 24 here in california. the bobcat fire in the foothills of the angelis national forest flared up again over the weekend forcing more people to leave their homes, as more than 36,000 acres are just 6% contained. fire crews say some parts of this area haven't burned in 60 years and resources are stretched thin. >> imagine carrying a 100 pound pack five miles and swinging a tool for another 10 hours straight. that's some really challenging work. you are doing that day in and day out. if you do that for two weeks straight, 16 hours a day, sometimes 24 hours a day.

reporter: first crews checked burned out neighborhoods in oregon where several people are still reported missing. ten people have died there. there are red flag warnings that stretch from southern oregon to northern california. those strong winds could fan the flames that have already burned nearly five million acres according to national fire officials. that's an area roughly equivalent to connecticut and rhode island combined. also, smoke pollution still is a major concern in the west here. the air quality ranging from unhealthy to hazardous. david? david: you know, i have got to ask because vice president biden is speaking right now in wilmington, delaware about what's happening out west, where you are. everything is politics these days, whether it's covid, now the fires have become political. the president is going there. while the governor is quick to blame climate change, other people are blaming him for some of his policy efforts with

regard to forestry that might have exacerbated some of these fires. has that become an issue, or are people just focused right now on putting the flames out? reporter: well, there's been a lot of talk about what has caused these fires. you know, we had a drought here in recent years, you have a lot of dry brush, you have some people saying there should have been better forest management and then again, you have some of these local officials including governor gavin newsom blaming it on climate change. there's a lot of back-and-forth. i think what we all have in common here is we want these fires to get under control and to get under control fast, because so many people are losing their homes and there are lots of loss of life. david: it's horrible. we wish you the very best. great reporting. thank you so much. meanwhile, tropical storm sally has now been upgraded the a category 1 hurricane in the gulf of mexico. fox news correspondent casey steagall is on the ground in new orleans, louisiana with the

latest. casey, is it on the way to new orleans? oh, yeah, looks like it. reporter: well, david, it's actually shifting a little bit to the east at this point [ inaudible ] but new orleans certainly not out of the woods. there's been so much uncertainty with this storm. we are talking about a landfall sometime early tomorrow so more than 12 hours away. you can already see how violent and how high the water is here in lake pontchartrain. lake pontchartrain borders lake bourn and lake bourn connects to the gulf of mexico. so there is storm surge warnings in effect for the lake here, saying the surge could get up to six feet potentially, meaning the area we are standing in now would be under water by this time tomorrow. so no doubt there are a lot of preparations that are under way. people are boarding up their homes and businesses, they are trying to move their boats and

their valuables and things like that to higher ground. of course, filling those all too crucial sandbags trying to do anything to keep the water out. interestingly, a lot of people we have talked to say they already had a supply of sandbags because of hurricane laura a couple of weeks ago that was also threatening the region. the new orleans area got a pass, but certainly just to the west of us, southwest louisiana, as you know, was absolutely devastated. so a lot of people were already kind of prepared and had some of their supplies. now, we should tell you that according to the national hurricane center, it is strengthening. this storm has just been upgraded to a cat 1 hurricane today and now there is some talk in some of the models showing it could be a category 2 by the time it makes landfall tomorrow, and so when we are talking about storm surge here, up to 11 feet

in some places and also, the rainfall. this is a very slow-moving system. we understand 24 inches of rain, two feet of rain can fall in some isolated areas. so flooding is going to be a big issue for a large swath of the gulf coast. david: we remember lake pontchartrain during katrina. what a disaster it could potentially be. take care. follow it closely. we will be covering it right here on fox. casey, thank you so much. well, the s&p 500 is higher today after seeing its first back-to-back weekly losses since may. will the green on the screen remain so for the rest of this week? details coming up. this is decision tech. find a stock based 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.

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♪. david: air force one just landed in mclittle can park, that is right next to sacramento. i believe it is the feeder airport for sacramento, california. of course he is in california, there from nevada, where he was at a political stop. of course everything is political these days but this is primarily a stop for him to gauge the devastating forest fires plaguing the northwest of the nation, not just california but north as well. the president will be visiting some of the sites, be talking to the governor on a full day, trying to assess the situation there in california with those devastating forest fires.

meanwhile the markets are having a great day. of course anything could happen between now and 4:30 p.m. eastern time. but, the dow jones industrial average up well over 300, almost 345 points. nasdaq is up as well. but it has come down a little bit. perhaps it will continue to go up under the tutelage of charles payne who starts right now. charles? charles: [laughter]. i will try my best, david. i'm enjoying this day. thank you, my friend. good afternoon, everyone, i'm charles payne this is "making money". all major indices are higher, with megamergers, greater hope for a covid-19 vaccine. is the selling over? don't look now we have a wave of hot tech ipos coming to the market. we'll see which could be best for your portfolio. oracle beating out microsoft for a u.s. tech partner for tiktok. is that enough to keep our information out of the